JustLend DAO approved the JST repurchase and destruction proposal and completed the first destruction

The decentralized lending protocol JustLend DAO has officially approved the "JST Buyback and Burn Proposal." According to the proposal, all of JustLend DAO's net revenue, as well as a portion of the USDD multi-chain ecosystem's revenue exceeding $10 million, will be used to buy back and burn JST. The first burn has already been completed, using 30% of JustLend DAO's current revenue of 59,087,137 USDT (approximately 17,726,141 USDT) to buy back and burn 559,890,753 JST, representing approximately 5.66% of the total JST supply. Additionally, the JustLend Grants DAO will conduct a quarterly buyback and burn using net revenue generated in the previous quarter. The remaining 70% of current revenue will be burned in four installments, with a 17.5% burn each quarter, until the fourth quarter of 2026.