The "JST Buyback and Burn" proposal has officially passed with a high number of votes in favor, marking the formal implementation of JST's deflationary mechanism.

On the evening of October 21 (SGT), the JustLend DAO community, a core lending protocol in the TRON ecosystem, completed voting on the "JST Buyback and Burn" proposal, which was officially passed with a significant majority. This marks the formal implementation of JST's deflationary mechanism.

With the execution of the proposal, the deflationary drive of JST will be deeply linked with the two core components of the JUST ecosystem: JustLend DAO and USDD. JustLend DAO, as one of the top four lending protocols globally, provides stable income that continuously funds JST burns; USDD, as the second-largest stablecoin in the TRON ecosystem, will further enrich the buyback pool with incremental earnings. The continuous earnings from both will collectively transform into JST's "deflationary fuel," ultimately creating a positive cycle of "ecosystem earnings—token deflation—value enhancement," helping JST unlock its long-term value potential and initiate a new round of value increase.

It is noteworthy that the JustLend DAO platform currently has accumulated earnings of approximately $60 million, which will be invested in the JST buyback and burn plan in batches: the first batch will burn 30% of the existing earnings, while the remaining 70% will be gradually released over four quarters to ensure a smooth and sustained deflationary effect.

From a data perspective, JST currently has a market capitalization of only about $300 million. The number of tokens corresponding to the first batch of burns from JustLend DAO's earnings accounts for more than 5.6% of JST's total supply, and the platform's total earnings, close to $60 million, could lead to a total burnable token amount that accounts for about 20% of the total supply based on the current market price of JST.

The JST deflationary process has officially started: JustLend DAO will invest approximately $60 million in earnings into buyback and burn, with total burns exceeding 20% of the total supply.

The successful implementation of the JST buyback and burn plan will propel it into a deflationary era. The execution of this plan is expected to open a new round of value increase for JST, releasing long-term value and filling the market with infinite imagination about JST's future.

On the evening of October 21 (SGT), the JustLend DAO community's proposal regarding "JST Buyback and Burn" was officially passed with a significant majority. This marks the transition of JST's deflationary mechanism from planning to execution, establishing a targeted buyback and burn mechanism for JST within the JustLend DAO and USDD ecosystems. The establishment of this mechanism formally pushes JST into a deflationary era, laying the foundation for a new round of value increase and the release of long-term growth potential.

The highlights of this JST buyback and burn plan can be summarized as "sustainable funding + strong burn intensity." The sources of buyback funds are clear and possess strong sustainability, providing continuous power for the buyback and burn plan. The funding mainly comes from two parts: first, the existing and future net income of JustLend DAO (including sTRX earnings and SBM net income), achieving a dual coverage of "existing earnings + future incremental earnings," providing solid financial support for the buyback and burn; second, the incremental earnings from the USDD multi-chain ecosystem after surpassing $10 million in profits. Once the USDD multi-chain ecosystem crosses this important threshold, the incremental earnings will inject new vitality into JST's deflationary process.

Since the JustLend DAO community released the JST buyback and burn proposal on October 11, it has attracted significant attention from the community, mainly due to its direct correlation with JST's token economic logic and price expectations. Now that the JST buyback and burn has begun execution, it means that JST's value will be deeply linked with the two core components of the JUST ecosystem—JustLend DAO (ranked among the top four lending protocols globally) and USDD (the second-largest stablecoin in the TRON ecosystem). These two core components act as the dual wings of JST's value flight, and their continuous earnings will directly transform into JST's "deflationary fuel."

The introduction of this buyback and burn mechanism not only optimizes JST's economic structure but also enhances its weight as a governance token and its value anchoring ability, becoming a key variable driving price upward. By regularly buying back and burning circulating JST from the market, the circulation will gradually decrease, creating a healthy deflationary effect, further enhancing scarcity, thereby strengthening its value foundation and promoting JST's ecosystem towards sustainable development.

In terms of the burn rhythm, JustLend DAO currently has accumulated earnings of about $60 million, which will be invested in the buyback and burn according to the principle of "batch execution, continuous effort." The first batch will burn 30% of JustLend DAO's existing earnings, while the remaining 70% will be gradually released over four quarters, with 17.5% burned each quarter to ensure a smooth and long-term deflationary effect. After each buyback and burn, JustLend DAO will publish an announcement on its official website, including comprehensive transaction details such as transaction hash, date, buyback amount, and the tokens burned.

The total issuance of JST is 9.9 billion tokens, and it has achieved full circulation since the second quarter of 2023. This means that the execution of the JST buyback and burn plan will directly and continuously reduce its circulation, providing a solid foundation for the deflationary effect. Additionally, JST currently has a market capitalization of about $300 million, with the number of holding addresses exceeding 440,000, and it has been listed on several major global trading platforms, including Binance, HTX, OKX, UPbit, Bithumb, and Kraken.

Based on JST's current market capitalization of $300 million, the existing earnings from the JustLend DAO platform, calculated at the current JST market price, could lead to a burnable token amount that accounts for about 20% of JST's total supply, with the first batch of burns exceeding 5.6%. This demonstrates the significant intensity of the JST buyback and burn, far surpassing the measures taken by market peers. Such a strong buyback and burn intensity is expected to significantly enhance JST's token scarcity, laying a solid foundation for its value increase and providing strong support.

It is particularly worth mentioning that as a well-established DeFi protocol deeply rooted in the TRON ecosystem, JustLend DAO has not only continuously iterated and upgraded its products since its launch in 2020 but has also maintained an industry-leading record of zero-risk operations. This long-term stable performance is particularly rare in the industry. Even against the backdrop of an overall sluggish DeFi market, JustLend DAO has been able to utilize nearly $60 million in earnings to implement the JST buyback and burn. This move not only demonstrates its strong financial strength and execution capability but also further confirms the sustainability of its business model and the solid foundation of its ecological value.

JST relies on the JUST ecosystem, occupying 46% of the total TVL in the TRON network.

JST is not only the core governance token of JustLend DAO but also the native governance token of the JUST ecosystem, which is based on the core DeFi system of the TRON ecosystem, naturally binding it to the development of the entire ecosystem and enjoying comprehensive empowerment and solid support from the underlying ecosystem.

JUST is a one-stop DeFi solution within the TRON ecosystem, focusing on building DeFi protocols based on the TRON network. Since its launch in 2020, JUST has always centered on "creating an integrated DeFi ecosystem," successively launching various products and services such as stablecoins, staking, and cross-chain, aiming to provide users with a low-threshold, all-scenario one-stop DeFi service experience.

As the core DeFi system of the TRON ecosystem, the JUST ecosystem is powerful, especially in asset accumulation. According to official data on October 19, the total locked value (TVL) across the TRON network reached $27 billion, with the JUST ecosystem's TVL at approximately $12.2 billion, accounting for a remarkable 46% of the entire TRON network. This means that nearly half of the crypto assets on the TRON chain choose to be deposited in the JUST ecosystem, fully demonstrating its irreplaceable position as the "ballast" of TRON DeFi. It is evident that JUST is not only the DeFi system with the highest TVL in the TRON ecosystem but also a key driving force for its overall development.

Currently, JUST has built a complete matrix of DeFi products, covering core products such as the lending protocol JustLend DAO, the decentralized stablecoin USDD, the TRX staking product sTRX, Energy Rental, cross-chain products JustCrypto, and the stablecoin system JustStable, enabling users to achieve comprehensive coverage of needs from "asset appreciation" to "flexible allocation" in one stop.

Among them, the lending protocol JustLend DAO is the core product of the JUST ecosystem and the top DeFi application in the TRON ecosystem by TVL, consistently ranking among the top four in the global lending sector.

The stablecoin USDD is a decentralized over-collateralized stablecoin jointly launched by JUST DAO and TRON DAO. After upgrading to version 2.0 in January this year, USDD's circulation has grown from 0 to over $500 million, making it the second-largest stablecoin in the TRON ecosystem, next to USDT. Currently, USDD's circulation is $476 million, with the locked value of crypto assets (TVL) exceeding $525 million.

JST is the native governance token of the JUST ecosystem, with a total issuance of 9.9 billion tokens, achieving full circulation in the second quarter of 2023. JST grants holders the right to participate in the governance of the JUST ecosystem and key decision-making, such as voting on new proposals and system upgrades.

Thus, through the lending foundation of the core product JustLend DAO, the stablecoin support of USDD, and ecological services such as staking sTRX and energy rental, JUST has built a complete on-chain financial closed loop encompassing "storage, lending, staking, cross-chain, and energy rental." For users, JUST allows one-stop participation in asset storage, lending, staking, and other services within the TRON ecosystem without the need to switch between platforms, making it the preferred one-stop entry for users to engage in TRON ecosystem DeFi.

Currently, the JST buyback and burn plan has been linked with the two core pillars of the JUST ecosystem: JustLend DAO (one of the top four lending protocols globally) and USDD (the second-largest stablecoin in the TRON ecosystem). This means that the entire JUST ecosystem will provide stable and strong support for JST from multiple dimensions, including earnings supply, scenario expansion, and resource synergy.

Profit Engine JustLend DAO: The platform has accumulated earnings of approximately $60 million, with TVL consistently ranking among the top four in the entire lending sector.

As the core source of funding for the JST buyback and burn plan, JustLend DAO itself possesses stable and considerable profitability, with accumulated earnings of approximately $60 million previously validating its self-sustaining capability. According to DeFiLlama data, JustLend DAO captured nearly $2 million in fee revenue in Q3, and its strong profitability is not only a key support for this burn but also harbors significant long-term value for JST.

As a core pillar product of the JUST ecosystem, JustLend DAO has evolved since its launch in 2020 from initial lending services to a comprehensive "DeFi all-in-one hub" that integrates various functions such as "lending, staking, energy services, and smart wallets." Its total locked value (TVL) has consistently ranked among the top four in the global lending sector, making it an irreplaceable financial core in the TRON ecosystem.

Among these, lending is the core foundational business. JustLend DAO achieves full-process automation of lending through smart contracts, with the system using algorithms to monitor asset supply and demand in real-time and dynamically adjust lending rates to ensure that the capital market remains in a state of efficient balance. Currently, users can flexibly allocate assets within JustLend DAO: they can deposit idle crypto assets to earn stable interest or borrow other currencies by collateralizing assets, enabling leveraged operations and flexible investments to meet diverse needs from "steady appreciation" to "efficient allocation."

In terms of product functionality innovation, JustLend DAO has been continuously breaking new ground. In April 2023, JustLend DAO launched two major features, "TRX Staking (sTRX)" and "Energy Rental," further expanding its service boundaries.

• sTRX is a liquid staking product in the TRON ecosystem that allows users to obtain liquid staking certificates sTRX by staking TRX. As of October 22, the platform has staked approximately 9 billion TRX, with over 9,970 addresses participating in staking, and the current annualized yield is 6.05%, making it the preferred entry point for TRX staking in the TRON ecosystem.
• Energy Rental is based on the unique "Bandwidth + Energy" Gas mechanism of the TRON network. Traditional methods of obtaining energy require staking or burning TRX, which can be costly and complex. JustLend DAO's energy rental service allows users to "rent as needed and return as required," eliminating the need for long-term TRX staking, reducing costs by about 70% compared to directly burning TRX, significantly lowering the on-chain operational threshold for small and medium users.

To further optimize the user experience for on-chain transactions, JustLend DAO has innovatively launched the GasFree smart wallet feature, which allows on-chain transfer fees to be directly deducted from the transferred tokens, completely breaking the existing limitation of using native network tokens (such as TRX) to pay for Gas fees. Currently, with GasFree, users can directly use stablecoins like USDT to pay for Gas fees, and combined with JustLend DAO's 90% fee subsidy policy, each transfer of USDT now only requires about 1 USDT in actual payment, further enhancing the convenience and cost-effectiveness of on-chain operations.

Currently, the JustLend DAO platform has completed the integration of multiple core DeFi modules, covering lending markets (SBM), liquid staking sTRX (Staked TRX), energy rental, and smart wallets (GasFree), making it a true "one-stop DeFi service entry" in the TRON ecosystem. In the future, the platform will continue to integrate more ecological protocols, promoting the overall growth of the TRON network's DeFi ecosystem through simplified operational processes and deepened functional integration within a single application.

As clearly stated in the "JUST Ecosystem Overview and Planning" released by JUST in March last year, JUST has built a composite service system around the core lending protocol JustLend DAO, including "lending + staking + energy rental." Users can complete diverse on-chain operations such as "depositing and borrowing for interest + staking mining + energy rental transactions" within the single JustLend DAO protocol without switching between multiple platforms, thoroughly breaking the inefficiency barrier of traditional DeFi's "multi-platform switching."

The "hub" value of JustLend DAO is reflected not only in the integration of product functions but also in its ability to connect global resources and institutional funds. At the end of June this year, TRON, a publicly listed company in the US, completed the staking of 365 million TRX through JustLend DAO, indicating that the platform has become an important channel for traditional funds to enter the TRON chain, with the potential to attract more institutional funds in the future. In July of the same year, JustLend DAO completed full integration with the Binance wallet, allowing users to seamlessly access the platform through the Binance ecosystem to complete lending, staking, and other operations, further expanding user coverage by leveraging Binance's global traffic and enhancing the overall ecological influence.

According to DeFiLlama data, as of October 22, JustLend DAO's total locked value (TVL) exceeded $4.5 billion, consistently ranking among the top four in the global lending sector. It is worth emphasizing that JustLend DAO's outstanding performance relies solely on the single-chain deployment of TRON, yet it competes on par with multi-chain operations of leading cross-chain lending protocols like Aave and SparkLend, with data performance that is equally impressive.

This achievement not only validates JustLend DAO's strong product competitiveness and operational efficiency but also highlights the high activity and user stickiness of the TRON ecosystem. Evolving from a "single lending tool" to a "DeFi all-in-one hub," JustLend DAO has become a key cornerstone in the financial system of the TRON ecosystem, and its value will be further released as the TRON ecosystem continues to expand.

JustLend DAO not only provides solid financial support for JST's current buyback and burn but also means that as the ecosystem expands in the future, it will continuously supply power for JST's deflation and value enhancement, becoming the "profit ballast" for JST's long-term development.

The value of the JST token is deeply linked to the ecological earnings, which is expected to initiate a new growth cycle.

With the ongoing advancement of the JST buyback and burn plan, the value of the JST token is officially deeply tied to the continuous income from the two core components of the JUST ecosystem: JustLend DAO and USDD. As it enters a clear deflationary mechanism, the long-term value of JST will gradually become apparent, relying on the comprehensive development of the entire JUST ecosystem.

As early as April this year, TRON founder Justin Sun pointed out on the social media platform X that JST has achieved a fundamental reversal and is expected to become the next "hundredfold coin." He further emphasized that JustLend, incubated by JUST, has become one of the industry's leading lending protocols, with annual net profits reaching tens of millions of dollars, while its stablecoin USDD is also showing strong growth. JST has essentially become a combination of "AAVE" and "MKR" within the TRON ecosystem, with annual profits continuing to rise. It is estimated that revenue will exceed $100 million next year.

Now, with the execution of the buyback and burn plan, JST's long-term growth potential is gradually being realized, with its core driving force stemming from the "deep synergy between ecological earnings and the deflationary mechanism": the existing net earnings of JustLend DAO and its future incremental net earnings with USDD will be directly used for the buyback and burn of JST. This means that JST's deflationary model is not mere talk but is built on the foundation of real ecological profits, forming a deep binding between ecological earnings and token value— the revenue performance of JustLend DAO and USDD will directly translate into the endogenous driving force for JST's value growth.

As the two core products supporting this mechanism, JustLend DAO currently has a TVL of approximately $7.7 billion, integrating various functions such as lending, energy rental, and sTRX staking, with both user scale and profitability on the rise; USDD, as the second-largest stablecoin in the TRON ecosystem, has a circulation scale close to $500 million, and its application scenarios are continuously expanding. As the revenues of these two protocols continue to grow, more funds will be continuously injected into the JST buyback pool.

At the same time, the overall "support strength" of the JUST ecosystem also provides solid backing for JST's value: it reinforces token deflation through the continuous earnings of core products JustLend DAO and USDD, strengthening JST's value foundation; it also broadens JST's application boundaries by relying on the rich DeFi landscape within the ecosystem. Ultimately, this will help JST further solidify its value anchor in the crypto space, expand its development space, and achieve a comprehensive enhancement from token economics to ecological value.

This model of "supporting with real earnings and transmitting ecological value through a deflationary mechanism" is a typical characteristic of "value tokens" in the crypto space and lays a solid narrative foundation for JST's long-term value. With the continuous development of the JUST ecosystem, the governance value and economic value of JST will rise in tandem with the TVL of JustLend DAO and the circulation of USDD, ultimately constructing a sustainable growth loop of "ecosystem expansion → revenue enhancement → buyback and burn → deflationary appreciation," perfectly aligning with the core logic of value accumulation in crypto assets.

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