JustLend DAO announces that, pursuant to the community-approved proposal for the JST buyback and burn program, the fifth $JST buyback and burn was successfully completed on October 16, 2026 (SGT), with a total of 170,723,144 JST tokens burned. All associated tokens have been permanently sent to a burn address, and all transactions are verifiable on-chain. This buyback and burn represents a significant step in JustLend DAO’s ongoing efforts to implement deflationary mechanisms and uphold community governance decisions, further strengthening token value support and the long-term sustainability of the ecosystem. From proposal to on-chain execution, the entire process has been transparent and open, providing a verifiable governance model for future buyback and burn initiatives.
JustLend DAO Completes Fifth $JST Buyback and Burn, Destroying Over 170 Million Tokens
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Summary
JustLend DAO executed its fifth $JST buyback and burn on October 16, 2026 (SGT), destroying 170,723,144 tokens. The tokens were sent to a burn address, with all transactions publicly visible on-chain. This action supports ecosystem growth and follows a community-approved proposal to reduce the circulating supply and strengthen token value.
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