JustLend DAO has successfully completed a significant buyback and burn of 1,084,890,753 JST tokens, reducing the total supply by 10.96%. The initiative, carried out in two phases, destroyed tokens valued at approximately $38.7 million. The first phase accounted for $17.73 million, while the second phase expanded the effort with an additional $21 million in token destruction. This move is part of JustLend DAO's ongoing strategy to enhance the long-term value of the JST token through a transparent and sustainable deflationary model.
JustLend DAO Executes $38.7M JST Buyback and Burn, Reducing Supply by 10.96%
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