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JustLend DAO completes its third JST buyback and burn
Mars Finance reports that, according to an official announcement, JustLend DAO has officially completed its third JST token buyback and burn today. A total of 271,337,579 JST tokens have been burned, corresponding to a value of approximately $21.30 million, and the tokens have been transferred to a black hole address. The funds used for this burn come from the protocol’s net income in Q1 2026 and accumulated earnings from prior periods. As of April 16, 2026, the cumulative number of JST tokens burned has reached 1,356,228,332, accounting for 13.70% of the total supply. JustLend DAO will continue to conduct buyback and burn operations on a quarterly basis, and will regularly disclose progress transparently to the community, working together to promote value enablement.