JustLend DAO has released cumulative results from five rounds of JST buybacks and burns, saying a total of 1,881,973,007 JST has been destroyed. The figure represents 19.01% of the token’s total supply, with the cumulative estimated value of the burned tokens put at about $118.15 million. According to the announcement, the deflationary mechanism is built round by round using protocol revenue. Each buyback and burn transaction is recorded on-chain, making the process transparent and publicly verifiable. JustLend DAO said the structure reflects continued execution and traceability under its community governance framework. The update also said that as circulating supply gradually declines, support for JST’s long-term value and the sustainability of the broader ecosystem are being strengthened, while laying the groundwork for making future buyback-and-burn rounds a regular mechanism.
JustLend DAO has published cumulative results from five rounds of JST buybacks and burns, saying 1,881,973,007 JST has been destroyed in total. The amount equals 19.01% of the token’s total supply, with the cumulative estimated value of the burned tokens at about $118.15 million.
According to the announcement, the deflationary mechanism is built round by round from protocol revenue. Each buyback and burn is recorded through transparent on-chain transactions and can be publicly verified, reflecting continued execution and traceability under a community governance framework.
JustLend DAO said that as circulating supply gradually declines, support for JST’s long-term value and the sustainability of its ecosystem are being strengthened. It added that the process also lays a foundation for the regular continuation of future buyback-and-burn rounds.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
