JustLend DAO Passes JST Buyback and Burn Proposal, Officially Launches New Deflationary Mechanism
ChainCatcher news, JustLend DAO, as the core DeFi protocol on the TRON network, officially passed the JST buyback and burn proposal through community governance on October 21.
According to the new mechanism, all net profits of JustLend DAO and USDD multi-chain ecosystem profits exceeding 10 millions USD (excluding the first 10 millions) will continue to be transparently bought back and burned on-chain, with the first burn already successfully completed. This move marks JST's official transition from a "fully circulating token" to a "continuously deflationary value asset," laying a solid logical foundation for JST's long-term value growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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