Odaily Planet Daily reports that, according to an official announcement, JustLend DAO has officially completed its third JST token buyback and burn today, destroying a total of 271,337,579 JST tokens, equivalent to approximately $21.3 million, which have been transferred to a burn address. The funds for this burn were sourced from the protocol’s net earnings in the first quarter of 2026 and accumulated prior earnings. As of April 16, 2026, the cumulative number of JST tokens burned has reached 1,356,228,332, representing 13.70% of the total supply. JustLend DAO will continue executing quarterly buybacks and burns, and will regularly provide transparent updates to the community to jointly drive value creation.
JustLend DAO Completes Third JST Token Buyback and Burn
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Summary
JustLend DAO has completed its third JST token buyback and burn, destroying 271,337,579 tokens valued at approximately $21.3 million. The funds were sourced from Q1 2026 earnings and prior reserves. As of April 16, 2026, a total of 1,356,228,332 JST tokens have been burned, representing 13.70% of the total supply. The project will continue with quarterly burns and provide regular updates. This initiative aligns with recent token launch announcements and supports long-term value for new token listings.
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