JustLend DAO has completed the first burn of JST, initiating the deflationary process

ChainCatcher message, according to the latest destruction announcement, JustLend DAO currently has a total yield of 59,087,137 USDT. The first destruction of 30% of this amount (i.e., 17,726,141 USDT) has been used to repurchase and destroy 559,890,753 JST, accounting for approximately 5.66% of the total JST supply; the remaining 70% of the yield (i.e., 41,419,815 USDT) will be distributed over four quarters and has now been deposited into the USDT lending market of JustLend DAO's SBM. The subsequent earnings will be used for JST repurchase and destruction.