Dear JustLend DAO community 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. With this round complete, the JST Buyback and Burn initiative enters its next phase. Updated mechanics and future arrangements will be announced shortly.
I. Details of the Fifth Burn
Execution Date: Friday, October 16, 2026 (SGT)
Source of Funds:
- JustLend DAO Net Income (Q3 2026): $9,280,216
- Historical Revenue Allocation: $10,340,249
Burn Summary:
- JST Burned (5th round): 170,723,144 JST
- Estimated Value (at time of burn): $23,531,749
All JST from this round has been transferred to the designated burn address. Transaction Hash: 0cb7d79bd0511ed98b061edb586bf36a868cb510158071ca6fbe3dc56ff86f93
II. Buyback and Burn Progress
Cumulative Burn: 170,723,144 JST (representing 1.72% of the total supply) was permanently removed from circulation this round. As of October 16, 2026, the cumulative JST burned has reached 1,881,973,007, representing 19.01% of the total supply.
Future Plan: The buyback and burn initiative will continue, and financial disclosures will be published to the community on a regular basis.
Thank you for your support!
JustLend DAO Team
October 17, 2026 (SGT)