JustLend DAO Ecosystem Yields Continue to Amplify: Two Rounds of Buybacks and Burns Exceed 1 Billion JST, Accelerating Deflationary Process

On January 15, JustLend DAO, the core DeFi lending protocol within the TRON ecosystem, released major positive news, announcing the completion of its second large-scale JST buyback and burn, accelerating the release of token deflationary benefits.

According to the official announcement, the number of JST tokens repurchased and burned in this round reached a staggering 525 million, corresponding to a value exceeding $21 million, accounting for approximately 5.3% of the total JST token supply. The foundation for rigid token deflation continues to be strengthened.

Combined with the amount from the first burn, since the JST buyback and burn plan was initiated last October, the cumulative repurchase and burn volume of JST has strongly surpassed the 1 billion mark, accounting for about 11% of the total supply. In less than 3 months, a burn volume exceeding 1 billion tokens has been achieved. The intensity of its deflation and execution efficiency are truly rare within the industry, injecting strong confidence into the recently somewhat subdued market.

The successful completion of this JST buyback and burn not only signifies the continuous and effective implementation of the JST burn plan, powerfully accelerating the release of token deflationary effect benefits. More importantly, it fundamentally verifies that JustLend DAO possesses robust and sustainable real ecosystem profitability.

Exceeding Expectations: Two Rounds Burn Over 1 Billion JST, Deflation Process Accelerates

As of January 15, 2026, the JST token has completed two large-scale buyback and burn rounds, with a cumulative burn amount exceeding 1.08 billion tokens (specifically 1,084,890,753), accounting for 10.96% of the total token supply, involving funds valued over $38.7 million. Whether judged by deflation scale or execution efficiency, it holds a leading position within the DeFi industry.

The JST burn plan began in October 2025, when the JustLend DAO community formally passed the relevant proposal, deciding to allocate the protocol's existing revenue and future net income, as well as the portion of USDD multi-chain ecosystem revenue exceeding $10 million, entirely for JST repurchases. All repurchase transactions are executed publicly on-chain, ensuring fund traceability and verifiability.

From the perspective of funding sources, the core support for JST buyback and burn is divided into two major components: JustLend DAO's existing revenue and future net income, and USDD multi-chain ecosystem's excess revenue over $10 million. At the plan's initiation, JustLend DAO immediately allocated over 59.08 million USDT from its existing revenue, adopting a phased execution strategy of "30% immediate first batch burn + 70% interest-bearing quarterly burn" to balance short-term deflation effects with long-term value accumulation.

The first round of burning was completed in October 2025. In this round, using 30% of the funds, approximately 556 million JST were burned, accounting for 5.6% of the total supply. The remaining 70% was deposited into JustLend DAO's SBM USDT lending market for value appreciation, to be executed over four quarters.

On January 15 this year, JustLend DAO released the "Announcement on the Completion of the Second JST Token Buyback and Burn," marking the successful conclusion of the second large-scale JST buyback and burn action. This round repurchased and burned 525 million JST tokens, accounting for 5.3% of the total token supply, corresponding to a token value of approximately $21 million.

Thus, both rounds of JST buyback and burn have been fully completed:

First Round (October 2025): Burned approximately 556 million JST, corresponding to funds of about $17.72 million, accounting for 5.66% of total supply.

Second Round (January 2026): Burned 525 million JST, corresponding to funds of about $21 million, accounting for 5.3% of total supply.

Particularly noteworthy is that the second round of JST buyback and burn demonstrated a stellar performance exceeding expectations. Compared to the first round, the capital input scale for this round not only did not shrink due to market fluctuations but instead achieved counter-trend growth, far surpassing initial market expectations. This strong move has generated significant positive feedback within the community, pleasantly surprising users.

To date, the cumulative JST burn volume has exceeded 1.08 billion tokens, accounting for 10.96% of the total token supply. The cumulative capital input for the two rounds exceeds $38.7 million. Such robust deflation intensity and large-scale capital investment strength place it among the top ranks in the global DeFi landscape.

Furthermore, all JST buyback and burn operations are executed on-chain in a decentralized manner by the community autonomous organization, Grants DAO. Every fund transfer and token burn record is fully preserved on the chain, ensuring transparency. The entire process is fully traceable on-chain, featuring immutability and public transparency. Users can view core data such as burn batches, on-chain transactions, and the entire execution process at any time through the Grants DAO dedicated page and the "Transparency" operational metrics dashboard on the JustLend DAO official website, truly achieving information transparency and winning user trust and support for the JST ecosystem's development. 

JustLend DAO's Profitability Further Verified, Q4 2025 Net Income Exceeds $10 Million

The smooth implementation of this round of JST buyback and burn is not only the routine fulfillment of the burn plan but also, with its capital input scale exceeding expectations, vividly demonstrates JustLend DAO's robust ecosystem operational strength and sustainable profitability foundation, injecting core support for the long-term effectiveness of the JST deflation mechanism.

Based on the initial data of the burn plan, the 70% of existing revenue previously reserved by JustLend DAO was to be used for repurchases over four quarters, with a quarterly burn amount of approximately $10.34 million. However, the actual capital input for this round's repurchase and burn exceeded $21 million, more than double the preset amount.

Under the regular quarterly burn cadence, the capital volume not only did not decrease but increased, far exceeding community and market expectations. The underlying support for this is JustLend DAO's endogenous, hardcore profitability, fundamentally distinguishing it from market practices of "pseudo-deflation" reliant on financing injections or token inflation.

From the disclosed fund composition in this round's burn announcement, 100% of the second-round JST burn funds originated from JustLend DAO platform revenue. This includes the originally scheduled existing revenue for this quarter of approximately $10.34 million, plus the newly added net income from Q4 2025 of approximately $10.19 million.

The dual-line funding support model of "existing revenue as base + new net income as supplement" not only significantly accelerates the JST buyback and burn process but also, with solid cash flow data, fully confirms the protocol's financial health and sufficiency, completely dispelling market concerns about "subsequent burn fund gaps."

The over $10 million in new net income for Q4 2025 undoubtedly showcases JustLend DAO's hard profitability strength once again. This fully indicates that JST buyback and burn is never an isolated, detached action but a value-driven behavior deeply rooted in protocol business growth. JustLend DAO's profit resilience provides a guarantee for the long-term effective operation of the deflation mechanism.

It is worth noting that JustLend DAO currently still has approximately $31.02 million in existing revenue, which will be gradually allocated to repurchase and burn in subsequent quarters. "Over $30 million in existing revenue as base + continuously growing protocol net income" will provide solid assurance for future JST burns.

This means the JST buyback and burn is by no means a short-term, marketing-driven one-off action but a normalized, long-term value empowerment plan anchored to protocol revenue. It establishes a clear and stable long-term deflation closed-loop for JST, fundamentally different from the common "flash-in-the-pan" short-term repurchase operations in the crypto market, providing strong support for JST's long-term stable development.

As another potential core funding source for JST buyback and burn, the stablecoin USDD ecosystem is entering a golden period of rapid growth, reserving ample momentum for the continuous strengthening of the deflation mechanism. Currently, USDD has successfully achieved cross-chain deployment, covering mainstream public chains like Ethereum and BNB Chain. As of January 15, the total supply of USDD has climbed to $960 million, and the related platform's Total Value Locked (TVL) has surpassed the $1 billion milestone. As the USDD ecosystem continues to expand, the excess revenue it generates in the future will become an important incremental funding source for JST buyback and burn, further intensifying the deflation effect and driving continuous appreciation of JST's value.

In summary, JST's deflation mechanism is not a simple linear logic of "token burn - supply contraction." Instead, it is built upon the real, sustainable revenue foundations of both the JustLend DAO and USDD ecosystems, deeply binding deflation intensity with ecosystem profitability. This completely breaks free from the industry dilemma of "deflation without revenue support is meaningless," laying a solid and irreversible logical foundation for JST's long-term value growth.

JustLend DAO Ecosystem Revenue Continuously Amplifies Deflation Effect, Driving JST Token Value Growth

JustLend DAO, with real ecosystem revenue as its core engine, continuously amplifies the intensity of JST token buyback and burn, driving the deflation effect to deepen. This successfully constructs a virtuous value cycle of "increased ecosystem activity → growth in protocol profit scale → amplified buyback and burn intensity → enhanced token scarcity → increased ecosystem attractiveness," forming a self-reinforcing growth flywheel.

As the JST buyback and burn plan progresses routinely, the massive reserve fund pool will continuously release deflationary dividends. Supported by the steady expansion of the JustLend DAO ecosystem landscape, the value support logic for the JST token is becoming increasingly solid, with market performance gradually realizing its long-term potential.

In terms of deflation results, 1.08 billion JST tokens have been removed, accounting for 10.96% of the total supply. Large-scale burns directly achieve rigid contraction of the circulating supply. With a fixed total supply, each burn round continuously reduces circulating tokens. The ongoing deflationary actions are constantly strengthening token scarcity, propelling JST value into a long-term upward trajectory.

JST's value potential has long been widely recognized by the market. CoinMarketCap data from January 8 shows that the JST token's market capitalization successfully surpassed the $400 million milestone, with 24-hour trading volume surging 21.92% and the price accumulating a 10.82% increase over the past month. The simultaneous expansion of trading volume and market cap intuitively reflects the market's strong confidence in JustLend DAO's ecosystem development prospects.

As the repurchase plan advances orderly, the circulating supply of JST tokens will further decrease, with scarcity value becoming increasingly prominent, potentially driving the JST token value to achieve a new leap. More importantly, the profitability of both the JustLend DAO and USDD ecosystems continues to strengthen, the deflation intensity for JST will be further amplified, and the underlying momentum for value growth becomes increasingly robust.

As a persistent power source for the JST deflation mechanism, JustLend DAO continuously injects real revenue support into repurchases through the continuous improvement of its product matrix and healthy growth in operational data.

As the core financial infrastructure within the TRON ecosystem, JustLend DAO, through continuous integration and upgrades, has evolved from a single lending protocol into a full-chain DeFi solution integrating asset lending, liquid staking, energy rental, and Gas optimization. It has built a complete product matrix that will provide diversified momentum for ecosystem revenue growth:

• SBM Lending Market: As the foundational business, it supports users in depositing assets to earn interest or borrowing against collateral, enabling efficient asset allocation.
• sTRX Liquid Staking: The preferred TRX staking gateway within the TRON ecosystem, where users stake TRX to receive the liquid staking token sTRX.
• Energy Rental Service: Provides flexible "rent-as-you-go" energy rental, significantly lowering the barrier to on-chain operations for users.
• GasFree Smart Wallet: Supports deducting transaction fees directly from the transferred tokens. Coupled with platform subsidy campaigns, users only need to pay about 1 USDT in fees per USDT transfer, greatly enhancing the usability of on-chain transactions.

Driven by the diversified product matrix, key metrics for JustLend DAO's core businesses, whether in the liquid staking market or lending demand, show growth across the board. According to DeFiLlama data, JustLend DAO has steadily ranked third globally in the lending sector, only behind the multi-chain lending protocol Aave and the cross-30+ chain protocol Morpho. It is noteworthy that JustLend DAO is a single-chain deployed protocol. Its ability to stand out in a multi-chain competitive landscape fully demonstrates its leading position and user recognition within the TRON ecosystem.

As of January 15, the Total Value Locked (TVL) of crypto assets on the JustLend DAO platform has risen to approximately $7.038 billion. It has cumulatively distributed over $192 million in incentives to the community and has provided secure and efficient DeFi services to more than 480,000 users globally. Within the SBM lending market, the supply asset scale exceeds $4.2 billion, and the borrowed asset scale reaches $200 million, with capital activity and volume firmly positioned at the industry's forefront.

Regarding protocol revenue, according to the Transparency financial metrics dashboard, as of January 15, the platform's cumulative net income has exceeded $72.69 million. Of this, $69.70 million has been extracted, with $2.99 million retained on the books. The overall financial structure is healthy and robust, providing solid funding assurance for buyback and burn.

From the revenue structure perspective, JustLend DAO's current net income is solely derived from two business lines: the SBM lending market and sTRX liquid staking, with sTRX being the absolute core revenue pillar. Of the extracted $69.70 million in revenue, net income contributed by sTRX amounts to a high $68.81 million, while the SBM lending market contributed approximately $2.25 million in net income.

As the sTRX staking scale continues to grow, its revenue contribution is expected to increase further. According to the latest data, the amount of TRX staked via sTRX exceeds 9.3 billion, with participating addresses surpassing 13,500. The current annualized yield is 7.23%, and both staking quantity and participating user numbers have shown a steady upward trend. The SBM lending market also performs outstandingly. DeFiLlama data shows that interest fees captured in Q4 2025 were approximately $2.2 million (counting only interest paid by borrowers), reaching a historical high, reflecting the continuous expansion of lending business scale.

Meanwhile, the two high-frequency, essential services of energy rental and the GasFree smart wallet are becoming new growth engines for the JustLend DAO ecosystem. The base fee rate for energy rental was significantly reduced from 15% to 8% on January 9. Currently, renting 100,000 units of energy daily costs only about 6.21 TRX (equivalent to the energy obtained from staking 10,674 TRX, covering 2 contract transactions). The cumulative number of addresses participating in rental has increased to 73,000. The GasFree smart wallet has cumulatively processed fund transaction volumes exceeding $46.3 billion, served over 2.5 million accounts, and saved users $3.64 million in transaction fees.

In the future, revenue from businesses like energy rental and GasFree will also be gradually incorporated into the JustLend DAO platform revenue statistics system, becoming new growth poles for ecosystem income and further broadening the sources of JST repurchase funds. As diversified business revenues are successively injected into buyback and burn, JST's deflation intensity and value growth will increase in tandem, and the ceiling for the token's long-term value appreciation will continue to rise.