JustLend DAO officially initiates the JST buyback and burn proposal

ChainCatcher news, according to official information, to enhance the long-term value and governance efficiency of JST, the JustLend DAO community has officially initiated a governance proposal regarding the implementation of a JST buyback and burn mechanism. The proposal stipulates that the net income of JustLend DAO and the portion of the USDD ecosystem income exceeding 10 million USD will be used to regularly buy back JST from the open market and burn it. The burn will be conducted in phases, with the first phase burning 30% of the existing earnings, and the remaining 70% being gradually burned over four quarters (17.5% each quarter). This move will establish a solid deflationary model for JST by gradually reducing its market circulation. All execution details will be fully disclosed to ensure transparency of the process and community consensus.