hace 1d
JustLend DAO's JST holds steady as burns retire ~11% of supply; buybacks near $40M
On January 15, JustLend DAO executed its second JST buyback and burn, removing the purchased tokens from circulation. Across both phases, over 1.085 billion JST—nearly 11% of the 9.9 billion supply—has been retired, with the latest stage costing $21 million and cumulative buybacks approaching $40 million. Despite the effort, JST traded around $0.04 with only modest gains.