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JustLend DAO completes fourth JST buyback and burn, removing over 17% of supply

JustLend DAO completes fourth JST buyback and burn, removing over 17% of supply

JUST’s 2026 Q2 update said the TRON-based protocol’s fourth JST buyback-and-burn lifted cumulative tokens destroyed to 1.71 billion, or 17.29% of supply, while regular Q2 burns and USDJ fee-funded burns continued.

TRX
JST

Fact Check
All three verified sources corroborate the core claims: the fourth (Phase 4) JST buyback and burn retired approximately 355 million JST (precisely 355,021,530.97), lifting cumulative burns to 1.71 billion JST, equal to 17.29% of total supply. The primary news source and the X post citing the official JustLend DAO announcement align on exact figures, and a third source independently confirms the cumulative totals.
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Summary

JustLend DAO said it completed its fourth JST buyback and burn on July 17, 2026, retiring 355,021,530.97 JST and bringing cumulative tokens destroyed to 1,711,249,863, or 17.29% of total supply. In a July 21 2026 Q2 report, JUST said the fourth buyback-and-burn had been completed and that regular Q2 burns continued alongside new burns funded by USDJ stability fees. According to the DAO, the latest round used 248,357,799 JST repurchased with Q2 2026 treasury funds and 106,663,731.97 JST bought using USDJ stability fees, drawing on $10,281,441 in JustLend Q2 2026 net income.

Terms & Concepts
  • buyback and burn: A mechanism in which a project uses funds to repurchase tokens and permanently destroy them, reducing supply.
  • USDJ stability fees: Fees associated with the USDJ stablecoin system that can be used as a revenue source by the protocol.
  • cumulative deflation: The total share of a token's supply that has been permanently removed over time through burns.