Dear users,
To continue enhancing the value of the JST, TRX token and empowering the JustLend ecosystem, the stUSDT platform will allocate a portion of the protocol‘s revenue for the buy-back and pooling of JST and TRX tokens into the SunSwap V2's JST/TRX liquidity pool (LP). The obtained LP (JST/TRX) tokens will be deposited into the pre-burning contract and eventually burned. All JST and TRX holders can enjoy the appreciation of the token brought by burning.
Time of the first burning: 17:45 Wednesday, Feb 14, 2024 (SGT)
The amount of LP (JST/TRX) bought back and burned on the first burning is: 1.764062 (worth about $262,279.73).
These tokens bought back and burned have been deposited into the blackhole address:
https://tronscan.io/#/address/T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb
Buyback, Pre-burning & Burning Mechanism
Buyback: The stUSDT platform will allocate a portion of the protocol‘s revenue for the buy-back and pooling of JST and TRX tokens into the SunSwap V2's JST/TRX liquidity pool (LP).
Pre-burning: The obtained LP (JST/TRX) tokens will be deposited into the pre-burning contract for further burning. You can check the pre-burning record for details.
Burning: The LP (JST/TRX) tokens in the pre-burning contract will be burned, by the way of depositing them into the TRON blackhole address.
Thank you for your support for JustLend DAO!
The JustLend DAO Team
Feb 19, 2024