JST's five rounds of buyback and burn have cumulatively destroyed 1.881 billion tokens, accounting for 19.01% of the total supply

Odaily reports: On October 19, JustLend DAO announced the cumulative results of $JST's five rounds of buyback and burn: the total burn amount reached 1,881,973,007 JST, accounting for 19.01% of the total supply, with an estimated cumulative burn value of approximately $118.15 million. This deflationary mechanism has been built round by round based on protocol revenue. Each round of buyback and burn is transparently recorded through on-chain transactions and publicly verifiable, reflecting sustained execution and traceability under the community governance framework. As the circulating supply gradually decreases, JST's long-term value support and ecosystem sustainability have been further strengthened, laying a solid foundation for the normalized advancement of the subsequent buyback and burn mechanism.