JustLend DAO Completes Third JST Buyback and Burn Worth About $21.3 Million
According to JustLend DAO, 271.3 million JST were burned in its third buyback, bringing the cumulative destroyed supply to 1.36 billion JST, or 13.7% of total supply.
JST
Fact Check
The claim is strongly supported by the official JustLend source, "Announcement on Completion of the Third JST Buyback and Burn – JustLend," which explicitly states that 271,337,579 JST were burned in the third buyback, with an estimated value of $21.3 million, and that cumulative burned JST reached 1,356,228,332, or 13.70% of total supply. The secondary reports "JustLend DAO takes JST burn to 13.7% of supply with $21.3m Q1 destroy" and "On Schedule and Above Target: JST’s Third Buyback and Burn Breaches $21 Million" repeat the same figures and align with the official announcement. No conflicting evidence was found.
Summary
In an official announcement, JustLend DAO said it completed its third major JST buyback and burn, permanently removing 271,337,579 JST worth about $21.3 million. The protocol said the buyback was funded by revenue, specifically Q1 2026 net income and retained earnings. Following the latest burn, cumulative JST destroyed reached 1,356,228,332 tokens, equivalent to 13.70% of total supply as of April 16, 2026. The update indicates the protocol is continuing its revenue-backed deflation plan for JST.
Terms & Concepts
- JST: The native token associated with the Just ecosystem, used within JustLend DAO-related tokenomics and governance structures.
- Buyback and burn: A mechanism where a protocol repurchases tokens and permanently removes them from circulation to reduce supply.
- Token burn: The permanent destruction of tokens, usually by sending them to an inaccessible address so they can no longer be used.