JST buyback and burn cumulative exceeds 38.7 million USD

As of now, JustLend DAO has completed the destruction of 1,084,890,753 JST through a two-phase systematic buyback and burn mechanism, achieving a permanent reduction of the total supply by 10.96%, with a cumulative destruction value of approximately 38.7 million USD. Among them, the first phase achieved a destruction value of 17.73 million USD, and the second phase further expanded the scale, completing a destruction process of approximately 21 million USD. JustLend DAO will continue to implement a transparent and sustainable deflationary economic strategy, continuously solidifying the long-term value foundation of the JST token model.

Link: https://x.com/DeFi_JUST/status/2013494197471395926