JustLend DAO Completes Third JST Buyback and Burn

Odaily News According to an official announcement, JustLend DAO has officially completed its third JST token buyback and burn today. A total of 271,337,579 JST tokens, corresponding to a value of approximately $21.3 million, were destroyed, and the tokens have been transferred to a black hole address. The funds for this burn originated from the protocol's net profits in Q1 2026 and accumulated profits from previous periods. As of April 16, 2026, the cumulative number of JST tokens burned has reached 1,356,228,332, accounting for 13.70% of the total supply. JustLend DAO will continue to execute quarterly buyback and burn operations and will regularly transparently disclose progress to the community, jointly promoting value empowerment.