JustLend DAO officially initiates JST buyback and burn proposal

ChainCatcher news, according to official sources, in order to enhance the long-term value and governance efficiency of JST, the JustLend DAO community has officially launched a governance proposal to implement a JST buyback and burn mechanism. According to the plan, JustLend DAO will use its net income as well as the portion of USDD ecosystem income exceeding 10 millions USD to regularly buy back JST from the open market and burn it. The burn will be carried out in phases: the first batch will burn 30% of the current proceeds, and the remaining 70% will be gradually burned over four quarters (17.5% each quarter). This move will gradually reduce the market circulation of JST, establishing a solid deflationary model for it. All execution details will be fully disclosed to ensure transparency and community consensus throughout the process.