JUST Completes 5th JST Buyback & Burn: Over 170M Tokens (~$23.53M) Burned Ahead of Major Deflationary Upgrade
CryptoSlateNews Desk
On October 17, JUST, the leading DeFi infrastructure in the TRON ecosystem, announced the completion of its fifth buyback and burn of its native token JST as scheduled. Over 170M JST were burned in this round (approx. 1.72% of total supply), backed by nearly $23.53M in capital deployed—all funded directly by JustLend DAO's net operating revenue. Over the past five rounds, a total of 1.88B JST tokens have been burned, driving the cumulative deflation rate past 19% with over $100M revenue deployed. JST has reached a key operational milestone following this latest burn: the remaining 70% of JustLend DAO's initial treasury reserves has been fully deployed according to the original plan. This marks the successful completion of the first phase, paving the way for a major mechanism upgrade.
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