JustLend DAO Completes Fifth $JST Buyback and Burn, Burning Over 170 Million Tokens

Odaily — On October 17, JustLend DAO announced that, in accordance with the JST buyback and burn plan proposal formally approved by the community, it successfully completed the fifth $JST buyback and burn on October 16, 2026 (SGT). A total of 170,723,144 JST was burned in this round, and all relevant tokens have been transferred to the black hole address, with all transactions verifiable on-chain. This buyback and burn marks an important step in JustLend DAO's continued advancement of its deflationary mechanism and implementation of community governance resolutions. By reducing the circulating supply of JST, it further strengthens the token's value support and the ecosystem's long-term sustainability. From community proposal to on-chain execution, the entire process has been open and transparent, providing a verifiable governance model for the continued advancement of the buyback and burn mechanism going forward.