JUST Completes Fifth JST Buyback, Burns 170M Tokens Worth $23.53M
JUST announced October 17 the completion of its fifth buyback-and-burn round, removing 170 million JST tokens from circulation using $23.53M in JustLend DAO revenue. Over five rounds spanning one year, the protocol has burned 1.88 billion JST and achieved cumulative deflation of approximately 19%.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Fifth Burn Round Complete
JUST, a DeFi infrastructure protocol built on TRON, burned 170 million JST tokens on October 17, reducing the token's total supply by approximately 1.72% in a single burn event. The burn was funded entirely by JustLend DAO's operating revenue and cost roughly $23.53 million in capital deployment, according to the protocol's announcement.
One-Year Deflation Milestone
Across five consecutive buyback-and-burn rounds over the past year, JUST has removed a cumulative 1.88 billion JST from circulation and reduced total supply by approximately 19%. The protocol deployed over $100 million in combined revenue across all five rounds. The completion of this fifth burn marks the full deployment of 70% of JustLend DAO's initial treasury reserves, bringing the first phase of the buyback program to completion.
Mechanism Upgrade Ahead
With the first phase of treasury deployment now complete, JUST said the buyback-and-burn mechanism is set to undergo a major upgrade. The protocol did not specify the timing or technical details of the upgrade in its announcement.
Why It Matters
For Traders
Sustained large-scale burns reduce JST floating supply and compress dilution from staking rewards, a mechanical tailwind for price stability.
For Investors
Cumulative 19% deflation over one year and deployment of treasury reserves to fund buybacks demonstrates a committed deflationary monetary policy aligned with long-term holder interests.
For Builders
The transition to an upgraded buyback mechanism may alter tokenomics incentives and liquidity dynamics on TRON-based protocols that integrate with JustLend DAO.
This article is for information only and is not financial advice. Read the full disclaimer.
