JustLend DAO Buyback and Burn JST Second Round: Total Burned Supply Reaches 10.96%, Accelerating into a New Era of Value Growth

On January 15, 2026, JST tokens officially completed their second large-scale buyback and burn. This burn not only demonstrates the project’s firm commitment to a deflationary mechanism but also, with a scale of 525,000,000 JST (accounting for 5.3% of the total supply), showcases the strong profitability and financial health of the JUST ecosystem to the entire cryptocurrency market.

According to the official announcement from JustLend DAO, the estimated value of this burn exceeds $21 million. Combined with the amount burned during the first round, the total JST tokens burned have reached 1,084,890,753, accounting for 10.96% of the total supply. This means that in less than three months, JST has achieved the permanent removal of over one-tenth of its total supply, with a remarkable deflation rate.

From a broader perspective, this burn signifies a fundamental evolution in JST’s value narrative. It is shifting from a governance token to an equity asset anchored to the growth of ecosystem cash flow. This process not only enhances the scarcity and value foundation of JST tokens but also provides a clear, real-yield-driven pathway for the decentralized finance sector, demonstrating a transparent and sustainable new paradigm of deflation.

JustLend DAO Ecosystem Shows Strong Performance, Building a Solid Financial Foundation for Large-Scale Buybacks

Such a large-scale buyback and burn require a solid financial base. The announcement clearly reveals two main sources of funds: up to $10,192,875 from JustLend DAO’s net profits in Q4 2025, and another $10,340,249 from accumulated reserve earnings within the project. These figures are powerful proof of performance, pointing to a core fact: the JustLend DAO ecosystem not only possesses strong immediate profitability but also maintains a robust financial structure and sustainable cash flow, providing a solid foundation for fulfilling buyback commitments and advancing the deflationary strategy.

A detailed analysis of JustLend DAO’s Q4 2025 performance reveals several clear growth trends. First, as the flagship lending protocol of the JUST ecosystem, JustLend DAO benefits from the continuous improvement of TRON infrastructure. Its total value locked (TVL) surpassed $7.08 billion in Q4 and has long ranked among the top three in the lending market. The borrowing activity in the SBM market also reached new cycle highs.

Notably, the $10,340,249 reserve earnings that constitute an important part of this buyback fund can be traced back to the initial JST buyback, where funds were deposited into the SBM USDT market as reserves. The appreciation of this capital directly demonstrates SBM market’s strong profitability. It showcases JustLend DAO’s sophisticated financial operation model: strategically recycling ecosystem profits to enable internal “self-replenishment,” providing an endogenous and sustainable source of funds for subsequent value redistribution.

Building on this, JustLend DAO’s revenue structure is becoming more diversified. Besides maintaining steady growth in the traditional lending market, it has innovatively developed product matrices such as sTRX (Staked TRX) and Energy Rental, greatly expanding its value capture boundaries and depth.

For example, the sTRX service allows users to stake TRX to earn rewards while still participating flexibly in other DeFi activities. This innovative design significantly improves capital efficiency and user engagement. As of January 15, the platform’s staked TRX exceeded 9.3 billion, a staggering figure that reflects high community recognition for the sTRX product and has generated substantial and sustainable service income.

Meanwhile, the “Energy Rental” service, aimed at reducing on-chain operation costs for users, has also demonstrated strong market appeal through active fee optimization. Since September 2025, the base fee rate was sharply reduced from 15% to a more competitive 8%. This fee reduction directly stimulated market demand and trading frequency, creating steady incremental revenue for the protocol through more active leasing activities.

While core product matrices continue to strengthen, JustLend DAO is also focused on lowering participation barriers for mainstream users. In March 2025, it launched the GasFree smart wallet, which completely breaks the long-standing barrier where users must hold native tokens (TRX) to pay for transaction fees. It allows users to deduct and pay network fees directly from their transferred token assets (such as USDT). This design not only offers ultimate operational convenience but also fundamentally broadens the accessibility of blockchain finance.

To accelerate the adoption of this innovative feature, JustLend DAO simultaneously launched an attractive 90% fee subsidy campaign for transfers. Under this promotion, users transferring USDT via GasFree only need to pay about 1 USDT in transaction fees. This combined strategy quickly ignited market demand. As of January 15, total transactions driven by GasFree have exceeded $46 billion. This astonishing scale not only confirms the market’s strong desire for frictionless trading experiences but also directly saved users over $36.25 million in network fees. This innovation, by significantly reducing actual costs and cognitive barriers, has introduced a huge incremental user base and capital flow into the ecosystem, forming another strong growth pole for network effects and revenue potential.

Meanwhile, another funding channel within the buyback and burn plan—incremental revenue from the USDD multi-chain ecosystem (exceeding $10 million)—also constitutes an important source of value. As the core decentralized stablecoin of the TRON ecosystem, USDD’s multi-chain expansion has achieved remarkable results. It has been deployed on major blockchains such as Ethereum and BNB Chain, broadening application scenarios and user bases.

The ecosystem’s value recently reached a milestone: on January 14, USDD’s TVL (Total Value Locked) broke through $1 billion for the first time. This means that in less than two months, USDD’s TVL has doubled, with a 100% growth rate, demonstrating strong momentum and market acceptance in the multi-chain ecosystem. The rapid growth of TVL and ongoing ecosystem prosperity significantly enhance the potential future scale of this funding channel, providing an expected value source for JST’s subsequent quarterly buyback and burn plans.

USDD’s deep integration with various DeFi protocols not only consolidates its peg stability but also creates continuous value inflows for the entire ecosystem. The JST buyback and burn plan incorporates excess income from the USDD ecosystem, forming a “stablecoin + lending protocol + governance token” value loop. In this model, the expansion and prosperity of USDD and JustLend DAO directly drive JST’s deflation, while the rising value of JST further enhances the attractiveness and cohesion of the entire TRON DeFi ecosystem, creating a powerful internal synergy and value feedback loop.

Deepening the Deflation Mechanism: A Revolutionary Reshaping of JST’s Value Foundation

In summary, the significance of this buyback and burn goes far beyond simple price support; it is triggering a series of profound structural changes. Most fundamentally, it completes the reshaping of JST’s value support logic. JST is no longer just a “tool token” used for paying network fees or participating in governance voting; it has evolved into a “stakeholder asset” directly anchored to the cash flow performance of JustLend DAO, USDD, and related ecosystems.

Through the buyback and burn mechanism, the ecosystem’s profit growth is continuously injected into JST’s value foundation. Holding JST is equivalent to holding a stake that shares in the future profit growth of the ecosystem. On January 8, CoinMarketCap data showed that JST’s market cap broke through $400 million for the first time, marking a significant milestone and market recognition of its new positioning. As market cap rises, so does trading activity: on January 8, its 24-hour trading volume increased by 21.92% to $31.49 million, and the price has also steadily increased by 10.82% over the past month, with a daily increase of 3.1%.

The synchronized expansion of trading volume and market cap at key nodes is not accidental market fluctuation but a clear “vote of confidence” from capital in the improving fundamentals of the JUST ecosystem—especially the profitability and value feedback demonstrated by the buyback and burn.

Secondly, JST’s buyback and burn also bring substantial governance power appreciation. As the total token supply irreversibly decreases, each remaining JST in the market will have an increased governance weight. This means long-term holders not only benefit economically from the value appreciation but also see their influence in key community decisions (such as parameter adjustments, new product launches, treasury fund utilization) grow accordingly. This design deeply aligns the interests of core community members with the long-term success of the protocol, greatly enhancing stability and participation.

From a broader industry perspective, JST’s buyback and burn practice provides a clear new paradigm for token economics in DeFi. By removing 10.96% of the total supply through two rounds of burns in a very short period, this action not only demonstrates efficient execution but also deeply links the protocol’s financial success with token holders’ interests, establishing a virtuous cycle of “value creation—value feedback.”

This model fundamentally reverses the old logic of token value relying on speculative narratives, shifting instead to a sustainable path driven by the protocol’s cash flow fundamentals. It offers a solid, credible example for how the industry can build economically supported value models.

Looking ahead, as quarterly buybacks and burns become routine, a clear and predictable deflationary path is taking shape. JST’s scarcity will be increasingly reinforced over time. Each quarterly report and subsequent burn will serve as a catalyst for re-evaluating its intrinsic value. This burn is not the end but the beginning of a more magnificent chapter of value accumulation—a revolution driven by ecosystem profitability and product synergy, with the accelerator already pressed.