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JustLend DAO completed its third quarterly buyback and burn in mid-April, destroying 271 million JST in a single transaction, worth approximately $21.3 million. @defi_just @defi_just
The three rounds of buyback and burn have permanently destroyed a total of 1.36B JST, accounting for 13.7% of the total supply, with a total value exceeding $60 million.
All funds for the burn come from the protocol’s net revenue and reserve income of JustLend DAO, which are genuine profits generated from lending activities, not from issuance or use of the treasury.
The JST buyback and burn mechanism has been institutionalized through proposals, strictly implemented quarterly by Grants DAO, forming a continuous cycle of “profit → buyback → burn.”