Gate News message, April 16 — JustLend DAO officially completed its third JST token buyback and burn today, destroying 271,337,579 JST tokens valued at approximately $21.3 million. The tokens have been transferred to a burn address.
The burn was funded by the protocol’s net revenue from Q1 2026 and accumulated surplus from prior periods. As of April 16, cumulative JST burns have reached 1,356,228,332 tokens, representing 13.70% of the total token supply.
JustLend DAO plans to continue quarterly buyback and burn cycles, with regular updates to the community on progress.
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