Grants DAO promotes the healthy development of the JustLend DAO ecosystem and the steady growth of JST value through systematic measures such as user incentives, developer support, market security maintenance, and ecosystem value enhancement.
Recently, the first round of large-scale "JST buyback and burn" operations of JustLend DAO, a core DeFi protocol in the TRON ecosystem, has been successfully completed—approximately 559 million JST were burned in one go, accounting for 5.66% of the total token supply. This strong deflationary measure quickly attracted widespread attention in the crypto market.
Throughout the implementation of the JST buyback and burn plan, JustLend Grants DAO (referred to as Grants DAO) has not only been the core executor but will also be responsible for the regular quarterly burn operations going forward, ensuring the full-cycle implementation of the deflationary mechanism and becoming an indispensable driving force behind this strategy.
As a sub-DAO organization under JustLend DAO, Grants DAO is a community-led incentive program organization dedicated to providing solid support for projects and builders contributing to the development of JustLend DAO and the entire JUST ecosystem through diversified means, while also building a defense line for the secure development of the ecosystem.
The functional scope of Grants DAO goes far beyond the management of ecosystem treasury funds; it is also the core engine driving the development of the JustLend DAO ecosystem and the growth of JST value. From resource support and developer incentives to meticulous market risk control, Grants DAO's reach covers all key aspects of ecosystem construction, systematically promoting the comprehensive development of JustLend DAO and the JUST ecosystem while ensuring that the interests of all ecosystem participants, including JST holders and liquidity providers, are maximally protected and enhanced.
Grants DAO: The Core Driver and Executor Behind the JST Buyback and Burn Plan
In fact, the entire process of this round of JST buyback and burn cannot be separated from the promotion and execution by the Grants DAO organization. From the community proposal initiation, formal voting, to the first round of burn implementation, and then to the subsequent regular execution every quarter, Grants DAO has always been the core player throughout.
In the execution of this round of JST buyback and burn plan, Grants DAO first extracted over 59 million USDT from JustLend DAO's existing revenue, then burned 30% of the first round of existing revenue, equivalent to approximately 559 million JST, accounting for 5.66% of the total token supply; the remaining 70% of existing revenue will be burned in batches over the next four quarters, and has now been deposited in the SBM USDT lending market to earn interest, with subsequent earnings also used for the buyback and burn of JST.
According to the burn rules, the subsequent quarterly JST buyback and burn work will also be fully operated by Grants DAO, requiring the burning of "17.5% of the previous quarter's JustLend DAO incremental net income + existing revenue" at the beginning of each of the first four quarters; once the USDD multi-chain ecosystem revenue exceeds 10 million USD, this ecosystem will also be included in this burn mechanism.
It can be said that behind this series of precise economic operations of the JST buyback and burn, Grants DAO is not only the core executing entity throughout but also a key booster for the continuous advancement of the JustLend DAO ecosystem. Through this buyback and burn plan, Grants DAO has transformed from a behind-the-scenes executor and promoter into a key role familiar to users, now becoming an important pillar of value construction for the JustLend DAO ecosystem.
Currently, the Grants DAO website has disclosed relevant data and details about the JST buyback and burn, with very transparent information, and key information is clear at a glance: including the number of tokens burned, the amount to be burned, and other key data. The burn data for each subsequent quarter will also be continuously updated on this webpage, allowing users to clearly understand the real-time progress and core data of the JST buyback and burn without additional queries, intuitively grasping the deflationary process.
In addition, on October 29, the JustLend DAO website added a "Transparency" page, disclosing its financial data status, revenue distribution situation, and the implementation progress of the JST buyback and burn plan.
Grants DAO Allocates Over 180 Million USD to the JustLend DAO Ecosystem Through the "Grants Pool"
For Grants DAO, executing the JST buyback and burn is just one of its many core functions. As a community-led incentive organization and core institution for ecosystem empowerment of JustLend DAO, Grants DAO's core mission is to provide comprehensive support for developers, contributors, and all ecosystem construction projects while striving to maintain market stability and prosperity.
As of October 29, Grants DAO's treasury has allocated over 188 million USD to the JustLend DAO ecosystem, fully promoting the prosperous development of the ecosystem. These funds have been precisely allocated to core areas such as energy leasing subsidies, JST buyback and burn, and market bad debt clearance, ensuring the smooth operation and efficient development of the ecosystem from multiple dimensions, including infrastructure, deflationary mechanisms, and risk control.
Grants DAO relies on its core mechanism—the Grants Pool—to achieve flexible allocation and efficient circulation of ecosystem treasury funds, providing comprehensive empowerment for JustLend DAO ecosystem construction and JST value enhancement, making it a core booster for the development of the JustLend DAO ecosystem.
Specifically, Grants DAO gathers the JUST ecosystem reserve funds and partner-supported funds together to inject them into the Grants Pool, this funding reservoir. Then, through various channels such as user incentives, ecosystem funding, market stabilization, and developer support, it systematically empowers all key aspects of the ecosystem. Ultimately, this allows JST holders, voters, liquidity providers, and all ecosystem participants to share in the development dividends, building a self-reinforcing, value-internalizing ecosystem of shared and cyclical prosperity.
The funding sources of Grants DAO's Grants Pool are mainly divided into two major parts: one part comes from ecosystem reserve funds, including the self-accumulation of the JUST ecosystem, stablecoin reserves, and part of the interest paid by borrowers; the other part comes from partner funds, including targeted donations and special support from ecosystem partners.
This "internal ecosystem self-circulation + external cooperation empowerment" dual-driven funding model fundamentally ensures that Grants DAO's funding support is not a "one-time investment" but a sustainable ecological blood supply. Among them, the internal reserve fund is a direct reflection of JustLend DAO ecosystem's "self-sustaining" capability, with its funding scale deeply bound to the ecosystem's operational activity, forming a symbiotic relationship of "the more prosperous the ecosystem, the fuller the treasury"; while the injection of external cooperative funds not only effectively expands the treasury size but also builds a bridge for JustLend DAO to connect with external ecosystems, laying the foundation for future cross-scenario cooperation and ecosystem boundary expansion.
In terms of ecosystem construction, Grants DAO's funding actions precisely target the core needs of the ecosystem, covering a wide range of scenarios from user incentives, developer support, market risk prevention, to ecosystem scenario expansion, with each funding corresponding to a clear goal of enhancing ecological value.
As of now, Grants DAO has allocated approximately 188 million USD to support the development of the JustLend DAO ecosystem. Specifically, in terms of user incentives, Grants DAO has launched multiple incentive programs, including SBM mining rewards, energy leasing gas subsidies, etc., with a total allocation of approximately 128 million USD; in terms of ecosystem development, the total value of JST-related assets that Grants DAO has burned has reached approximately 17.98 million USD (including the recent burn of 17.72 million USD + 260,000 USD for the February 2024 RAW product stUSDT allocation burn), with approximately 41.38 million USD still to be burned; in terms of market security maintenance, Grants DAO has handled bad debts worth over 1.1 million USD.
If this JST buyback and burn is the "visible action" widely known about Grants DAO, then the cumulative ecological funding of over 188 million USD is the "invisible cornerstone" supporting the long-term development of JustLend DAO, providing continuous and strong momentum for its past prosperous growth.
Thus, it is evident that the value of Grants DAO goes far beyond being the "ammunition depot" for the JST buyback and burn plan; it is also the core "fuel" driving the JustLend DAO ecosystem from "basic functionality implementation" to "diverse scenario expansion," providing the core power for the ecosystem's advanced development.
Grants DAO Empowers the Development of the JustLend DAO Ecosystem and the Growth of JST Value in All Aspects
Grants DAO is not only the manager of ecosystem treasury funds but also the core hub for resource allocation and strategic development within the JustLend DAO ecosystem. It has built a comprehensive support system around user incentives, ecosystem prosperity, market stability, and developer support, promoting the JustLend DAO ecosystem's advancement from "stable operation" to "autonomous prosperity," while simultaneously aiding in the growth of JST value.
In terms of user incentives, Grants DAO has launched multiple precise incentive programs covering various user participation scenarios, including SBM mining rewards (for supplying USDD on JustLend DAO, users can earn not only basic interest but also additional mining rewards); energy leasing transaction gas fee subsidies (when users use JustLend DAO's energy leasing services, the platform will cover up to 90% of the on-chain energy transaction fees); and JST token mining subsidies, among others. In the future, Grants DAO also plans to launch more community-driven activities, allowing users to upgrade from "ecosystem users" to "ecosystem co-builders" and share in the development dividends.
In terms of ecosystem empowerment, Grants DAO strengthens the scarcity of JST tokens through the "buyback and burn" mechanism, thereby promoting the increase in token value, effectively benefiting all ecosystem users. As of October 29, Grants DAO has initiated two buyback actions, cumulatively burning assets worth over 17.98 million USD.
First time (February 2024): A portion of the revenue from the RWA product stUSDT in the TRON ecosystem will be used to buy back JST and TRX tokens, burning a value of 260,000 USD;
This round: Establishing a long-term JST buyback and burn plan within the JustLend DAO and USDD multi-chain ecosystem, extracting over 59 million USD from JustLend DAO's existing revenue, with the first round completing a 30% burn, and approximately 41.38 million USD will be executed in phases. In the future, Grants DAO will also launch more community-led buyback and burn plans.
In terms of maintaining market stability, Grants DAO has established a dedicated market monitoring mechanism for JustLend DAO, tracking key indicators such as lending rates, bad debt rates, and token prices in real-time. In the event of abnormal fluctuations, Grants DAO can quickly initiate response measures and promptly clear outdated or potentially risky assets to minimize losses and ensure market stability and healthy development. This "proactive defense" market stability mechanism has allowed JustLend DAO to remain robust even after experiencing multiple extreme conditions in the crypto market, with no service interruptions or large-scale user losses due to market fluctuations.
In terms of developer support, Grants DAO has built a comprehensive empowerment system of "funding + resources + incentives," mainly including two categories: on one hand, encouraging developers to build DeFi applications and tools based on the JustLend DAO protocol and participate in the growth of the decentralized ecosystem; on the other hand, encouraging community members to report any errors or vulnerabilities through a bug bounty program to enhance protocol security. Additionally, Grants DAO will organize events such as "developer hackathons" and "ecosystem cooperation summits" to create platforms for communication and collaboration among developers. This comprehensive support for developers promotes technological innovation and progress, becoming the "core driving force" for the expansion of the JustLend DAO ecosystem while providing strong guarantees for the security and stability of the entire ecosystem.
From incentivizing community users to supporting developers, from maintaining market security to promoting overall ecosystem value enhancement, Grants DAO is systematically and multidimensionally promoting the healthy development of the JustLend DAO ecosystem and the steady growth of JST token value. This comprehensive layout and long-term strategy will lay a solid foundation for the prosperous development of JustLend DAO.
For the JustLend DAO ecosystem, the value of Grants DAO goes far beyond what can be summarized as "executing burns" or "distributing grants." It acts like an "ecosystem blood generator," relying on the strong foundation of the entire JUST ecosystem and the powerful support of the world's largest stablecoin network, TRON, continuously supplying funds to enable JustLend DAO to have the capability for "long-term operations" in the fiercely competitive DeFi market. At the same time, it serves as an "ecosystem value connector," cleverly linking all ecosystem participants, including users, developers, and partners, allowing everyone's contributions to be transformed into ecosystem value, which is then fed back to participants through deflationary mechanisms and incentive measures; additionally, it functions as a "self-governing incubator," promoting decentralized governance of the ecosystem through community decision-making.
In the future, as more empowerment plans from Grants DAO are implemented (such as USDD multi-chain ecosystem mining rewards, cross-chain DeFi tool development support, etc.), the boundaries of the JustLend DAO ecosystem will further expand, and Grants DAO will continue to play multiple roles as "executor, blood supplier, and empowerer," driving the ecosystem towards a higher quality stage of autonomy.
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