JustLend DAO completes its fifth $JST buyback and burn, destroying over 170 million tokens

On October 17, JustLend DAO announced that, in accordance with the proposal formally approved by the community for JST buyback and burn, it has successfully completed its fifth $JST buyback and burn on October 16, 2026 (SGT). A total of 170,723,144 JST tokens were burned in this transaction, with all related tokens transferred to the black hole address, and all details can be verified on-chain. This buyback and burn marks an important step for JustLend DAO in continuously advancing its deflationary mechanism and implementing community governance resolutions. By reducing the circulating supply of JST, it further reinforces the token's value support and the long-term sustainability of the ecosystem. From community proposals to on-chain execution, the entire process is open and transparent, providing a verifiable governance model for the sustained advancement of future buyback and burn mechanisms.