source avatar𝐊𝐎𝐋 𝐍𝐈𝐂𝐊𝐘 📍

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐞𝐜𝐨𝐧𝐝 𝐏𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐉𝐒𝐓 𝐁𝐮𝐲𝐛𝐚𝐜𝐤 𝐚𝐧𝐝 𝐁𝐮𝐫𝐧 𝐏𝐫𝐨𝐠𝐫𝐚𝐦 Following the successful approval of the JST Buyback and Burn proposal by the JustLend DAO community, the protocol has officially completed the second phase of the program in accordance with the approved framework. This phase was executed entirely on chain, ensuring full transparency and verifiability for all community members and stakeholders. 𝐁𝐮𝐲𝐛𝐚𝐜𝐤 𝐚𝐧𝐝 𝐁𝐮𝐫𝐧 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 Total JST burned: 525,000,000 JST Estimated value of burned tokens: approximately 21 million USD All tokens involved in this phase have been permanently removed from circulation and transferred to the designated burn address, reducing the circulating supply and reinforcing long term value alignment within the JustLend ecosystem. 𝐂𝐮𝐦𝐮𝐥𝐚𝐭𝐢𝐯𝐞 𝐈𝐦𝐩𝐚𝐜𝐭 With the completion of this second phase, the cumulative amount of JST burned has reached 1,084,890,753 tokens. This represents approximately 10.96 percent of the total JST supply permanently removed from circulation. The Buyback and Burn mechanism is designed to directly link protocol performance to token value by allocating JustLend DAO net income toward systematic supply reduction. 𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐀𝐡𝐞𝐚𝐝 The JustLend Grants DAO will continue executing the Buyback and Burn program on a quarterly basis. Financial disclosures and corresponding on chain records will be released regularly to maintain transparency and accountability. Community members are encouraged to follow upcoming updates and monitor on chain activity as the program progresses. @DeFi_JUST @justinsuntron #TronEcoStar

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.