The governance of JUST is not "formalized governance," but rather a core force that genuinely participates in the ecological operation.
The content of governance includes:
Asset onboarding and offboarding
Adjustment of interest rate models
Adjustment of risk parameters
Rhythm of incentive distribution
Proposals related to buyback and destruction
Funding approval of Grants DAO
These determine the entire ecosystem's risk appetite, expansion speed, and income flow.
They also determine whether the value of JST itself can truly be recovered and supported.
Another value of the DAO lies in transparency.
All decisions are public, discussions are public, and execution is public, which gives the JUST ecosystem a clear feedback loop:
Community decision-making → Parameter adjustment → Ecological changes → Data feedback → New decisions
This loop itself is a hallmark of mature DeFi protocols.
The role of JST thus becomes more long-term in nature:
It is not only a voting right but also the connection point for governance rights and asset value in the ecosystem.
As the ecosystem grows larger and the parameters become more complex, the importance of governance rights increases.
The value of JST will also enhance as the demand for governance rights increases.
