The third round of repurchase and destruction by JST has been completed as scheduled, with a repurchase and destruction scale exceeding 21 million USD

The TRON ecosystem has released significant positive news, with the third round of large-scale buyback and burn of JST successfully completed. All funds for the burn came from the real ecological earnings of the core protocol JustLend DAO within the JUST ecosystem. This not only proves the strength of real monetary investment but also demonstrates a firm commitment to fulfilling deflation promises and continuously promoting tangible results through action.

According to the official announcement, the scale of this round of buyback and burn reached $21.3 million, showing a steady increase compared to previous rounds. All funds for the burn still came from the actual earnings of the JustLend DAO protocol, with 271 million JST tokens burned this round (specifically: 271,337,579 tokens), accounting for 2.74% of the total token supply. All burn records are verifiable on-chain, ensuring full transparency and traceability throughout the process.

As of this execution, JST has successfully completed three rounds of large-scale buyback and burn. Since the buyback and burn plan was launched in October 2025, it has taken only six months to burn a total of over 1.356 billion JST tokens, accounting for approximately 13.7% of the total token supply, with a cumulative investment of over 60 million USDT. Such a high intensity of deflation and efficient execution rhythm is extremely rare in the DeFi sector and even the entire cryptocurrency industry.

In an environment where the overall cryptocurrency market is declining and industry liquidity is tightening, most projects have cut spending, suspended buyback plans, or even been forced to shut down. In stark contrast, the JST governance organization has consistently upheld its commitments, completing multiple rounds of large-scale buyback and burn against the trend. Not only has it never interrupted execution, but it has also continuously invested substantial ecological earnings, demonstrating strong commitment and operational resilience. This series of actions has injected valuable confidence into the sluggish market and fully validated the project's solid ecological fundamentals and robust anti-cyclical strength.

With continuous real monetary investment and a highly transparent execution process on-chain, the JUST team has conveyed a rare belief in long-termism and development power to the entire industry. This normalized and institutionalized deflation governance not only continuously solidifies JST's value support but also promotes the industry towards a healthier and more sustainable direction.

In the future, relying on the stable output of real ecological earnings from JustLend DAO, the buyback and burn closed loop will continue to operate efficiently, and the deflationary dividends of JST will continue to be released during bull and bear cycles, laying a more solid foundation for the long-term value growth of the token.

Upholding Deflation Promises Against the Trend! The Third Round of JST Buyback and Burn Successfully Completed, with a Burn Amount Exceeding $21 Million

Now, the third round of JST buyback and burn has successfully concluded. In the current environment where the overall cryptocurrency market is under pressure, the timely execution of the deflation plan not only demonstrates the JST governance organization's firm determination to uphold commitments and steadily advance deflation governance but also conveys rare confidence and credibility during the industry's downturn.

Both in terms of the scale of the burn and execution efficiency, it has maintained a high level within the industry, fully reflecting the project's solid operational capabilities and efficient execution.

The funds for this buyback and burn still all came from the real ecological earnings generated by the JustLend DAO protocol, with a clear and transparent source, mainly consisting of two parts: approximately $10.34 million extracted from the existing earnings of the initial JST buyback and burn plan; and approximately $10.97 million from the net earnings generated by the protocol in the first quarter of 2026. The total of approximately $21.3 million provided a solid and sufficient financial guarantee for this large-scale burn.

In terms of the specific execution of the buyback and burn, the decentralized autonomous organization Grants DAO strictly followed the established plan, ensuring that the entire process was rigorous, standardized, public, and transparent, guaranteeing that every transaction is traceable and every step is compliant and fair. This round of buyback and burn operations continued the characteristics of openness and transparency, completed on-chain in a decentralized manner, and the entire process is publicly traceable.

Community users and market participants can check the input amount, number of tokens burned, on-chain transaction hashes, and other core data for each round of destruction at any time through the Grants DAO exclusive page on the JustLend DAO official website and the financial indicators Transparency panel, fully verifying the entire process of destruction. This fully guarantees the openness and credibility of the deflation actions.

Now, the successful implementation of the third round of buyback and burn marks that the JST deflation mechanism has officially entered a mature execution stage characterized by quarterly, normalized, and stabilized operations. From the first trial round in October last year to the second round's unexpected execution in January this year, and now to this round's timely advancement, Grants DAO has not only fulfilled its deflation promises every quarter but has also continuously optimized transparent execution standards, gradually forming a replicable and sustainable governance paradigm.

The timely implementation of the three rounds of destruction has demonstrated through on-chain verifiability, decentralized execution, and data openness that the platform not only upholds its commitments but can also execute efficiently and deliver on its promises, making it a truly trustworthy ecological project for the long term. This not only provides an impressive answer to its deflation governance route but also sets a benchmark for adhering to principles and advancing against the trend during industry difficulties and confidence lows, conveying rare confidence and strength, and inspiring more projects to jointly promote the healthy development of the cryptocurrency ecosystem.

JST Has Completed Three Buyback and Burn Rounds: Over 1.356 Billion Tokens Burned, Deflationary Effects Driving Both Price and Market Value Higher

During the overall downward cycle of the cryptocurrency market, Grants DAO, with its firm determination and efficient execution, has continuously completed three rounds of large-scale buyback and burn, injecting strong momentum into the appreciation of its token value and the long-term development of the ecosystem.

Since the buyback and burn plan officially launched in October 2025, JST has efficiently completed three rounds of high-standard, fully on-chain transparent buyback and burn actions. As of now, the total number of JST tokens burned has exceeded 1.356 billion, accounting for more than 13.7% of the total token supply; the cumulative amount of real ecological earnings invested has reached approximately $60 million.

The specific data for each round of destruction is publicly transparent and traceable on-chain:

• First Round (October 2025): Approximately 559 million JST burned, with an investment of about $17.72 million, accounting for 5.59% of the total token supply.
• Second Round (January 2026): Approximately 525 million JST burned, with an investment of about $21 million, accounting for 5.30% of the total token supply.
• Third Round (April 16, 2026): Approximately 271 million JST burned, with an investment of about $21.3 million, accounting for 2.74% of the total token supply.

In just six months, JST has efficiently completed three rounds of intensive and large-scale buyback and burn, with the investment amount steadily increasing in each round. The total amount invested in the three rounds has approached $60 million, with a total of over 1.356 billion JST burned. Such a high frequency, large scale, and high execution rate of destruction is not only rare in the DeFi sector but also fully demonstrates the ecosystem's strong commitment to the deflation route and its hard-core ability to fulfill commitments to the community without compromise.

Relying on the continuous and large-scale real destruction execution of the three rounds, the deflationary effect of JST continues to deepen, accelerating the value of token scarcity, directly driving the token price and market value steadily higher, forming a clear and strong upward value trend.

From the perspective of deflationary effects, the three rounds of destruction have permanently removed over 1.356 billion tokens from the total supply of JST, equivalent to a direct reduction of approximately 13.7% of the total supply. Under the mechanism design where the total supply of JST remains constant, every on-chain destruction is irreversible, meaning that the circulating supply achieves a true permanent contraction. As the circulating supply continues to shrink, the value foundation of JST is continuously solidified, and the support for scarcity is continuously strengthened, building an unshakeable underlying logic for the long-term value growth of the token.

Each destruction directly compresses the total market supply of JST, significantly enhancing the token's scarcity. According to the classic principle of supply and demand, as long as demand remains stable or even continues to increase, the continuous tightening of supply will inevitably drive asset value reassessment, likely leading to a steady rise in token prices. High-frequency, large-scale, and sustainable destruction actions will further accelerate the release of JST's scarcity premium, not only building a solid core support for the stability and long-term upward trajectory of JST token value but also continuously enhancing the market's recognition and confidence in the JST deflation model, forming a virtuous cycle of "destruction implementation → circulation contraction → value enhancement → consensus strengthening."

The market performance of JST also fully validates the effectiveness of this logic. Since the launch of the buyback and burn plan in October 2025, the price of JST has begun a steady upward trend, with its excellent performance widely recognized by the market. According to CoinGecko data on April 15, 2026, the price of JST tokens has risen from about $0.03 last October to a peak of $0.08, achieving more than double growth; the market value has also increased from $300 million to nearly $700 million, also more than doubling.

Notably, since February of this year, the upward momentum of JST has further accelerated. In the difficult environment where the overall cryptocurrency market is showing a downward trend, JST has strengthened against the trend, rising from $0.04 to over $0.08, with a stage increase of 100%. This achievement fully proves the market's high recognition of JST's deflation logic and development prospects.

The steady growth of JST's price and market value not only reflects the enhancement of the token's intrinsic value but also demonstrates the market's positive expectations for JST's long-term future development. Under the solid promotion of three rounds of large-scale buyback and burn, the deflationary effect of JST has shifted from short-term catalysis to long-term value support, gradually consolidating market consensus and stabilizing the positive cycle.

With the successful implementation of the third round of buyback and burn, the deflationary dividends of JST have entered a period of continuous acceleration in release, further solidifying the long-term value support of the token. Looking ahead, as the JST buyback plan progresses in an orderly manner, the circulating supply of the token will further decrease, likely driving continuous growth in JST's value.

JustLend DAO Ecological Earnings Continue to Grow Steadily, Outstanding Anti-Cyclical Volatility Capability

The smooth advancement of JST buyback and burn relies on the key support of JustLend DAO. As the main contributor of funds for the buyback and burn, JustLend DAO, with its unique ecological matrix advantages and mature operational strategies, has not only achieved continuous and steady growth of ecological earnings, injecting a steady stream of funds into JST buyback and burn but also demonstrated outstanding anti-cyclical volatility capability.

According to established rules, the funds for JST buyback and burn mainly come from two core protocols within the JUST ecosystem: first, the existing earnings and future net earnings of the lending protocol JustLend DAO; second, the excess income of over $10 million from the multi-chain ecosystem of the stablecoin USDD. As of now, the income from the USDD ecosystem has not yet reached the threshold for initiating buybacks, so all funds for the executed three rounds of buyback and burn have come from the platform earnings of JustLend DAO, fully reflecting its core position in the JST buyback and burn.

Looking back at the funding input for each round of buyback, the firm determination and continuous investment of JustLend DAO are clearly visible.

• First Round: At the beginning of the JST buyback and burn, JustLend DAO extracted approximately $59.08 million USDT from existing earnings, of which 30% (approximately $17.72 million USDT) was immediately used for the first batch of destruction, and the remaining 70% was executed over four quarters, with a preset investment amount of approximately $10.34 million USDT per quarter.
• Second Round: The investment for the buyback and burn was approximately $21 million USDT, including existing earnings of $10.34 million USDT and net earnings of approximately $10.19 million USDT from Q4 2025.
• Third Round: The investment for the buyback and burn was approximately $21.3 million, also including existing earnings of $10.34 million and net earnings of approximately $10.97 million USDT from Q1 2026.

In summary, JustLend DAO has reserved a total of over $80 million for the JST buyback and burn plan (including both invested and to-be-invested portions). Among them, the executed burn amount is approximately $60 million USDT, with over $20 million USDT of existing earnings still to be invested in subsequent quarters for destruction. This fully demonstrates the strong financial strength and continuous output capability of the JustLend DAO platform, serving as a powerful proof of the platform's hard-core strength and reflecting its solid operational capabilities and commitment fulfillment, providing sufficient and sustainable financial support for JST's long-term deflation route.

From the perspective of the scale of funding input for the buyback and burn, the actual investment amount for JST's three rounds of buyback and burn shows a strong upward trend, which contrasts sharply with the overall downward trend of the current cryptocurrency market. Amid increased market volatility and liquidity contraction, JustLend DAO has not only remained unaffected but has also increased its funding input in the buyback and burn segment while maintaining stable growth in ecological earnings and efficient execution capabilities, with each round of buyback exceeding community expectations.

From the perspective of new net earnings data, even in the overall pressured market environment, JustLend DAO's income performance has remained steady and has shown a good upward development trend, with net earnings stabilizing above $10 million in each of the past two quarters. Compared to Q4 2025, net earnings in Q1 2026 have further increased, demonstrating its strong anti-cyclical volatility capability.

This impressive performance is fundamentally rooted in JustLend DAO's strong ecological profitability and mature operational strategies, which are key guarantees for its ability to navigate industry cycles and continuously fulfill commitments.

As a core financial facility of the TRON ecosystem, JustLend DAO has developed into a full-link DeFi solution that integrates multiple product matrices, including SBM lending, sTRX liquid staking, Energy Rental services, and Gas optimization infrastructure products like GasFree smart wallets, constructing a complete product matrix that can provide diverse momentum for ecological earnings growth.

Each product line is based on specific real composition scenarios. SBM lending serves as the central hub for users to efficiently allocate on-chain financial assets; sTRX liquid staking is the preferred entry point for staking within the TRON ecosystem; Energy Rental services are the preferred way to reduce Gas fees in the TRON ecosystem; GasFree provides convenient support for transferring native tokens like USDT.

As of April 16, the total value of assets locked on the JustLend DAO platform (TVL) has risen to approximately $6.89 billion. According to DeFiLlama data, its SBM lending market TVL has consistently ranked among the top three globally in the lending sector. Currently, the funds used for JST buyback and burn mainly come from JustLend DAO's SBM lending market and Staked TRX earnings.

In summary, the recent synchronized growth of JST's price and market value not only reflects the continuous enhancement of the token's intrinsic value but also reflects the market's positive expectations for the future development of the JustLend DAO ecosystem. It is foreseeable that with the continued efforts of JustLend DAO, JST will continue to move steadily along the path of deflation.

Moreover, it is worth noting that another important provider of buyback funds, USDD, has entered a period of rapid development since the beginning of 2026. Currently, the supply of USDD has surpassed $1.5 billion, with cumulative income reaching $7.47 million, and it will soon exceed the $10 million mark, continuously contributing to JST's buyback and burn.

In the future, as the product lines of JustLend DAO continue to expand and upgrade, the funding sources for JST buyback and burn may incorporate new product line revenues, further broadening the financial guarantee for the deflation plan and injecting stronger and more diverse momentum for JST's long-term value growth.

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