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JustLend DAO completes its third JST buyback and burn.
ME News Report, April 16 (UTC+8), according to an official announcement, JustLend DAO officially completed its third JST token buyback and burn today, destroying a total of 271,337,579 JST tokens, worth approximately $21.3 million. The tokens have been transferred to a black hole address. The funds for this burn come from the protocol’s net profit in the first quarter of 2026 and previous accumulated earnings. As of April 16, 2026, the total JST tokens burned have reached 1,356,228,332, accounting for 13.70% of the total supply. JustLend DAO will continue quarterly buyback and burn operations and regularly disclose progress transparently to the community, jointly promoting value empowerment. (Source: Tron Eco)