CryptoMedium•17 October 2026•
1 min read
JustLend DAO Burns 170.7 Million JST Tokens in Fifth Buyback Round
Key Facts
1JustLend DAO completed its fifth JST buyback and burn, transferring 170,723,144 tokens to a designated burn address.
JustLend DAO completed its fifth JST buyback and burn operation, transferring 170,723,144 tokens to a designated burn address. TokenPost reported that the transaction occurred on October 16, 2026, effectively removing the assets from circulation.
The action is part of a programmatic buyback and burn mechanism designed to manage token scarcity and provide deflationary pressure on the JST token. This fifth round follows a community-approved proposal to reduce the total supply within the JustLend DeFi ecosystem.