Dear JustLend DAO community members and JST holders,
On Oct 21, 2025 (SGT), the JustLend DAO community officially approved the JST Buyback & Burn proposal. According to the proposal, all JustLend DAO's net income—plus any USDD multichain ecosystem revenue exceeding $10 million—is dedicated to repurchasing and burning $JST. All transactions are executed on-chain for total transparency.
I. Details of the Third Burn
Execution Time: Wednesday, April 15, 2026 (SGT)
Income Composition:
- 2026 Q1 Net Income of JustLend DAO: $10,972,770
- Carried Over Income (Previous Periods): $10,340,249
Tokens Burned:
- JST Burned: 271,337,579 JST
- Estimated Value: $ 21,300,000
All tokens for this round have been successfully transferred to the designated burn address. Transaction Hash: 1e9f55e8ffa8033c238f34f5ebe57f544d424f7016810dd0f1ba792392eeb1e5
II. Buyback and Burn Progress
Cumulative Burn: 271,337,579 JST (representing 2.74% of the total supply) was permanently removed from circulation this round. As of April 15, 2026, the cumulative burned JST has reached 1,356,228,332, accounting for 13.70% of the total supply.
Future Schedule: JustLend Grants DAO will continue to execute the Buyback & Burn plan quarterly. Financial disclosures and on-chain records will be released to the community regularly.
Thank you for your support!
JustLend DAO Team
April 16, 2026 (SGT)