Why do you hold a governance token?
Most people say "for the price to go up." That is a gambler's answer.
The investor's answer is: "For the potential of the Fee Switch."
JST governs a protocol that generates massive amounts of revenue. Currently, that value is directed towards ecosystem growth and reserves. But the DAO holds the power.
At any moment, the JST community can vote to adjust how value is captured. They can vote for buybacks. They can vote for reward distributions.
You are holding an option on the future cash flows of the TRON lending market.
In the stock market, you wait for a board of directors to declare a dividend. In DeFi, you are the board of directors.
As JustLend continues to dominate in 2025, that "option value" becomes more and more tangible. The protocol is a cash cow. JST is the deed to the farm.
Own the deed.
