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JustLend DAO officially launches JST repurchase and destruction proposal
2025-10-19 04:28

According to official news from Odaily Planet Daily, to enhance the long-term value and governance effectiveness of JST, the JustLend DAO community has officially launched a governance proposal to implement a JST repurchase and burn mechanism. This plan stipulates that JST will be regularly repurchased from the open market and burned using JustLend DAO's net income and the portion of USDD ecosystem revenue exceeding $10 million. The burn will be carried out in phases, with an initial burn of 30% of existing earnings and the remaining 70% gradually burned over four quarters (17.5% per quarter). This move will gradually reduce the circulating supply of JST and establish a solid deflationary model for it. All implementation details will be fully disclosed to ensure transparency and community consensus.