深潮TechFlow|Oct 17, 2026 10:31
[JustLend DAO Completes Fifth JST Buyback and Burn, Over 170 Million Tokens Burned]
According to Deep Tide TechFlow, on October 17, JustLend DAO announced that it successfully completed its fifth JST buyback and burn on October 16, 2026 (SGT), in accordance with the JST buyback and burn proposal formally approved by the community. A total of 170,723,144 JST tokens were burned during this round, with all tokens transferred to a black hole address. All transactions can be verified on-chain.
This buyback and burn marks an important step for JustLend DAO in continuously advancing its deflationary mechanism and implementing community governance decisions. By reducing the circulating supply of JST, it further strengthens the token's value support and ensures the long-term sustainability of the ecosystem.
From the community proposal to on-chain execution, the entire process was open and transparent, providing a verifiable governance model for the continued advancement of the buyback and burn mechanism.
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