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JustLend DAO completes first JST destruction, initiating deflation process
2025-10-22 07:39

According to the latest destruction announcement of Odaily Planet Daily, JustLend DAO's current accumulated earnings totaled 59,087,137 USDT. 30% of this amount (i.e. 17,726,141 USDT) was destroyed for the first time, and has been used to repurchase and destroy 559,890,753 JST, accounting for approximately 5.66% of the total supply of JST; the remaining 70% of the accumulated earnings (i.e. 41,419,815 USDT) will be carried out in four quarters and have been deposited in JustLend DAO's SBM USDT lending market. The subsequent earnings will be used for JST repurchase and destruction.