JustLend DAO completes its fifth $JST buyback and burn, destroying over 170 million tokens

JustLend DAO has announced that, following the formal approval of the JST buyback and burn proposal by the community, it successfully completed its fifth round of $JST buyback and burn on October 16, 2026 (SGT). A total of 170,723,144 JST tokens were burned in this round, with all assets transferred to black hole addresses, and all transactions are verifiable on-chain. This buyback and burn represents a crucial step in JustLend DAO’s continued implementation of its deflationary mechanism and enforcement of community governance resolutions. By reducing the circulating supply of JST, it further bolsters the token’s value backing and the long-term sustainability of the ecosystem. The entire process, from community proposal to on-chain execution, was conducted with full transparency, providing a verifiable governance precedent for the sustained rollout of future buyback and burn mechanisms.