JustLend Burns 271M JST in ₱1.26 billion ($21 million) Third Buyback
JustLend DAO's token burn initiative has eliminated 13.70% of total supply since October 2025, with the third round burning 271 million JST tokens. The protocol drew revenue from its lending business, which holds ₱405.24 billion ($6.75 billion) in Total Value Locked.
Key Takeaway
JustLend's token burns removed 13.70% of supply in six months, doubling JST price.
JustLend DAO burned 271,337,579 JST tokens worth ₱1.28 billion ($21.3 million) in its third buyback round, marking 2.74% of total supply removed in a single operation.
The protocol has now burned 1,356,228,332 JST tokens across three rounds since launching the initiative in October 2025. That six-month campaign has eliminated 13.70% of the total token supply.
JustLend's revenue engine powers the buybacks. The protocol drew ₱620.77 million ($10.34 million) from accumulated revenue for the third round while generating ₱658.59 million ($10.97 million) in fresh revenue during Q1 2026. The SBM lending business holds $6.75 billion in Total Value Locked and drives most of the protocol's earnings. Additional revenue streams include sTRX liquid staking, energy rental, and the GasFree smart wallet.
Grants DAO executed the buyback process on-chain, with all operations visible on the JustLend DAO Transparency page. The burn mechanism kicks in when USDD ecosystem earnings cross the $10 million threshold.
JST price surged from $0.03 to $0.08 during the buyback period, more than doubling in value, while market cap jumped from $300 million to $700 million as the supply reduction took effect.
This article was written based on reporting from CryptoSlate.
