Dear JustLend DAO community members and JST holders,
On October 21, 2025 (SGT), the JustLend DAO community officially adopted the Proposal on JST Buyback & Burn Program. All of JustLend DAO's net revenue, along with the portion of USDD's multi-chain ecosystem revenue above $10 million, will fund JST buybacks with transactions executed transparently on-chain. For more information, please refer to the Proposal on JST Buyback & Burn Program (proposal link).
I. Details of the First Burn
This first burn was executed using JustLend DAO's existing revenue, which totaled 59,087,137 USDT. In line with the proposal, 30% of this amount, equal to 17,726,141 USDT, was used to buy back and burn 559,890,753 JST, accounting for about 5.66% of the total supply.
Burn transaction hash: 471bef34bb013dad46f9f132cd1fbca6bd3de584c54b7190718acd5949d4453d
The remaining existing revenue of 41,360,997.77 USDT has been deposited into JustLend DAO's "SBM > USDT" market, and subsequent yield will be used to buy back and burn JST.
II. Subsequent Burn Schedule
JustLend Grants DAO will conduct quarterly buybacks and burns, using the net revenue generated in the preceding quarter. The remaining 70% of existing revenue will be burned over four quarters through Q4 2026, at a rate of 17.5% per quarter.
Thank you for your support!
JustLend DAO
October 22, 2025 (SGT)