On July 29, Odaily reported that on-chain data showed the cumulative amount of JST sent to a burn, or "black hole," address had exceeded 1.604 billion tokens, with a current on-chain value of about $161 million. The update also said JustLend DAO has completed four consecutive rounds of buybacks and burns since launching the program, and that each round was funded by real protocol revenue rather than undisclosed sources. According to the report, all related transactions are publicly verifiable on-chain. The cumulative burned amount now accounts for more than 17% of JST’s total supply. Odaily also cited JustLend DAO as saying it will keep refining its buyback-and-burn mechanism, using actual protocol income to support JST’s ongoing deflation path within the TRON DeFi ecosystem.
On July 29, Odaily reported that on-chain data showed the cumulative amount of JST sent to a black hole address had surpassed 1.604 billion tokens, with a current on-chain value of about $161 million.
Since the buyback-and-burn program began, JustLend DAO has completed four consecutive rounds of buybacks and burns funded by real protocol revenue, according to the report. All related operations are publicly visible on-chain.
The cumulative burn has now exceeded 17% of JST’s total supply. Odaily said JustLend DAO plans to continue upgrading the mechanism and keep using actual protocol income to support JST’s deflation path.
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