𝟮𝗻𝗱 𝗠𝗮𝗷𝗼𝗿 𝗕𝘂𝘆𝗯𝗮𝗰𝗸 & 𝗕𝘂𝗿𝗻: 𝗝𝘂𝘀𝘁𝗟𝗲𝗻𝗱 𝗗𝗔𝗢 𝗕𝘂𝗿𝗻𝘀 𝟭𝟬.𝟵𝟲% 𝗼𝗳 𝗝𝗦𝗧 𝗦𝘂𝗽𝗽𝗹𝘆 𝘁𝗼 𝗖𝗮𝘁𝗮𝗹𝘆𝘇𝗲 𝗡𝗲𝘄 𝗩𝗮𝗹𝘂𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗗𝗿𝗶𝘃𝗲𝗿
On January 15, 2026, #JustLendDAO executed its second major JST buyback and burn, permanently removing 525,000,000 JST from circulation in a single on-chain action.
Valued at over $21 million, this burn alone accounted for 5.3% of the total JST supply, and when combined with the first burn, brought the cumulative reduction to 1,084,890,753 JST, representing 10.96% of total supply eliminated in under three months.
This was not a symbolic gesture or market-driven maneuver, but a deliberate capital allocation decision backed entirely by real, verifiable protocol earnings.
The funds used for this burn were sourced 100% from JustLend DAO’s real yield, specifically:
▫️$10,192,875 from JustLend DAO’s Q4 2025 net profit
▫️$10,340,249 from accumulated ecosystem earnings reserves
This execution confirms that JST’s deflationary model is not dependent on external financing, inflationary emissions, or speculative treasury movements. Instead, it is powered directly by operating cash flow generated across the JUST ecosystem.
At a protocol level, this burn highlights the scale and consistency of JustLend DAO’s revenue engine. As the flagship lending platform within the JUST ecosystem and one of the most active lending protocols on TRON, JustLend DAO closed Q4 2025 with:
▫️Total Value Locked exceeding $7.08 billion, consistently ranking among the top three lending protocols globally
▫️Strong growth in its SBM lending market, reaching new cyclical activity highs
▫️Expanding income streams beyond lending alone
Notably, a significant portion of the burn funding came from reserve assets that had been redeployed into the SBM USDT market during the first buyback cycle.
The appreciation of those funds demonstrates JustLend DAO’s ability to compound protocol profits internally, creating a self-regenerating capital loop that continuously feeds future buybacks without weakening operational liquidity.
Revenue diversification has been central to sustaining this model. Beyond lending, JustLend DAO has built multiple high-performing verticals:
▫️sTRX (Staked TRX), which allows users to earn staking rewards while keeping assets liquid for DeFi usage. As of January 15, more than 9.3 billion TRX had been staked, producing a stable and recurring income stream.
▫️Energy Rental, designed to reduce on-chain transaction costs, which saw a sharp rise in demand after base rates were reduced from 15% to 8%, driving sustained revenue growth through higher utilization.
▫️GasFree Smart Wallet, launched in March 2025, enabling users to transact without holding TRX for gas. Fees can be paid directly in tokens like USDT, dramatically lowering entry barriers.
To accelerate adoption, a 90% fee subsidy reduced USDT transfers to roughly 1 USDT. By January 15, this wallet had processed over $46 billion in transaction volume, saving users more than $36.25 million in fees.
This scale is not only a usability milestone but a meaningful revenue contributor that strengthens JustLend DAO’s long-term earnings base.
Another critical pillar supporting the buyback program is the USDD multi-chain ecosystem.
Any surplus USDD revenue above $10 million is redirected into JST buybacks, directly linking stablecoin adoption to JST value accrual. USDD has expanded beyond TRON to Ethereum, BNB Chain, and other major networks, significantly broadening its reach.
On January 14, USDD surpassed $1 billion in TVL, doubling in less than two months. This growth provides a predictable and expanding source of capital for future JST burns, reinforcing a closed-loop system where ecosystem expansion continuously strengthens token scarcity.
Together, these mechanics redefine JST’s role. JST is no longer positioned purely as a governance or utility token. It is evolving into an equity-like asset whose value is anchored to real cash flow generated by lending, staking, energy services, wallets, and stablecoin infrastructure. Every buyback-and-burn cycle converts protocol profits into permanent supply reduction, aligning long-term holder incentives with ecosystem performance.
Market data reflects this shift. On January 8, CoinMarketCap showed JST’s market capitalization surpassing $400 million for the first time, accompanied by a 21.92% increase in 24-hour trading volume to $31.49 million. Price appreciation followed alongside rising liquidity, signaling growing confidence in JST’s fundamentals rather than short-term speculation.
Governance dynamics are also strengthened by this approach. As supply contracts irreversibly, each remaining JST represents greater proportional voting power. Long-term holders gain increased influence over protocol parameters, treasury decisions, and ecosystem expansion, aligning governance weight with sustained commitment rather than inflationary dilution.
From a broader DeFi perspective, JustLend DAO’s execution sets a new benchmark for token economics. Retiring nearly 11% of total supply in two rounds demonstrates that real-yield-funded deflation is not theoretical but operational at scale. Instead of relying on emissions or narratives, JST’s value loop is grounded in transparent earnings and disciplined capital return, offering a clear blueprint for sustainable DeFi value creation.
With quarterly buybacks planned, JST now follows a predictable deflationary roadmap where each reporting cycle reinforces scarcity, strengthens governance, and compounds ecosystem value. This second burn is not the end point but a clear signal that the JUST ecosystem has entered a new phase, where profits flow back to the token and token strength feeds back into ecosystem growth.
For those tracking long-term DeFi models built on real revenue rather than assumptions, JST’s second buyback and burn marks the acceleration of a value engine that is already in motion.
For full documentation and execution details: support.justlend.org/hc/en-us/artic…
To track DAO revenue, buyback allocations, and burn history in real time: justlend.org/transparency?l…
Explore the ecosystem and follow future updates:
JustLend DAO: justlend.org
JUST Ecosystem: just.network
@Justin Sun孙宇晨 #Tron #JSTBuybackburn2 #TRONEcoStar
