JustLend DAO officially launches a new deflationary mechanism through the JST buyback and burn proposal.

According to Mars Finance, JustLend DAO, as a core DeFi protocol of the TRON network, has officially passed the JST buyback and burn proposal through community governance on October 21. According to the new mechanism, all net profits of JustLend DAO and the USDD multi-chain ecosystem exceeding 10 million USD (excluding the first 10 million) will continue to conduct on-chain transparent buybacks and burns, with the first burn having been successfully completed. This move marks that JST has officially transitioned from a 'fully circulating Token' to a 'continuously shrinking value asset', laying a solid logical foundation for the long-term value rise of JST.

USDD-0.01%
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