JustLend DAO completes third JST buyback and burn

According to an official announcement cited by ChainCatcher, JustLend DAO has officially completed its third JST token buyback and burn today. A total of 271,337,579 JST were destroyed in this round, corresponding to a value of approximately 21.3 million US dollars, with the tokens transferred to a black hole address. The funds for this burn originated from the protocol’s net revenue for the first quarter of 2026 and previous accumulated earnings. As of April 16, 2026, the cumulative number of burned JST tokens has reached 1,356,228,332, accounting for 13.70% of the total supply. JustLend DAO will continue to conduct quarterly buybacks and burns and will regularly disclose progress transparently to the community in order to jointly drive value empowerment.