Dear JustLend DAO community and JST holders,
We are excited to announce the release of the JST 2026 Q2 Quarterly Report, which provides a comprehensive overview of our recent performance and the key milestones achieved in Q2 2026. You can access the full report here: [JUST DAO]
Committed to community transparency, we will continue releasing quarterly reports to keep you fully updated on our operational progress.
Key Highlights
Ongoing Buyback & Burn Progress: 355,021,530.97 JST was permanently removed from circulation in Q2, with an estimated value of $34,594,686. Since October 2025, four JST buyback and burn rounds have permanently removed 1,711,249,863 tokens (17.29% of total supply) from circulation, valued at $94.62M ($94,620,827).
Diversified Buyback Funding: Accumulated USDJ stability fees were used to burn over 106,663,731.97 JST (approx. $10.39M), accounting for 30.04% of this round's total burn. Driven by the rapid expansion of the GasFree service, a portion of its revenue is now allocated to the treasury reserve to fund future JST buybacks. This has driven the total treasury reserve to $119.83M.
Product Upgrade & Business Growth
SBM V2 Launch: Featuring an isolated lending model, SBM V2 has attracted 485,669 users to date.
GasFree Service: Accelerating through Q2, GasFree's user base has expanded to 359K, facilitating over 6.2M transactions in total.
USDD Quarterly Performance: Generated a $7.63M surplus (+24.27% QoQ), driving cumulative treasury reserves to $21.54M.
Energy Rental & User Growth: Total Energy reserves topped 47.45B (47,458,314,750), while the number of rental service users grew by 3.45% QoQ to 81,013.
Q3 Buyback Forecast: Based on accrued revenue allocation rules and growth projections for JustLend DAO and USDD, an estimated $21.55M is expected to be allocated for next quarter's buyback, subject to change based on actual realized revenue.
About JST
JST is a TRC-20 token on the TRON network, serving as the exclusive governance and utility token for the JUST ecosystem. It empowers holders to participate in decision-making and revenue sharing across core protocols like JustLend DAO. JST holders can participate in key decisions on yield rates, collateral assets, and the use of funds by submitting and voting on proposals, ensuring the protocol's development stays aligned with the long-term interests of token holders.
JustLend DAO Team
July 21, 2026 (SGT)