JustLend DAO ecological revenue continues to increase: over 1 billion JST have been burned in two rounds, accelerating the deflation process

On January 15, the core DeFi lending protocol of the TRON ecosystem, JustLend DAO, released significant positive news, announcing the completion of the second round of large-scale JST buyback and burn, accelerating the release of token deflationary rewards.

The official announcement indicated that the number of JST tokens repurchased and burned in this round reached 525 million, corresponding to a value of over 21 million USD, accounting for approximately 5.3% of the total supply of JST tokens, continuously reinforcing the rigid deflationary foundation of the token.

If we add the quantity from the first round of destruction, since the JST buyback and burn plan was initiated in October last year, the cumulative buyback and burn amount of JST has strongly exceeded 1 billion tokens, accounting for about 11% of the total supply. In less than three months, over 1 billion tokens have been destroyed. The deflationary force and execution efficiency are rare in the industry, injecting strong confidence into the recently somewhat lackluster market.

The successful completion of this JST buyback and burn not only ensures the continuous and effective implementation of the JST destruction plan but also strongly promotes the accelerated release of the token deflationary effect rewards. More importantly, it verifies the strong and sustainable real ecological profitability of JustLend DAO from a fundamental logic perspective.

Exceeding Expectations: Cumulative Destruction of Over 1 Billion JST in Two Rounds, Accelerating the Deflationary Process

As of January 15, 2026, the JST token has completed two rounds of large-scale buyback and burn, with a cumulative destruction amount exceeding 1.08 billion tokens (specifically 1,084,890,753 tokens), accounting for 10.96% of the total supply, involving a value of over 38.7 million USD. In terms of both the scale of deflation and execution efficiency, it is leading in the DeFi industry.

The JST destruction plan started in October 2025, when the JustLend DAO community officially passed a relevant proposal, deciding to use the existing earnings of the JustLend DAO protocol and future net income, as well as the portion exceeding 10 million USD from the USDD multi-chain ecosystem income, entirely for JST buyback. All buyback transaction processes are executed publicly on-chain, ensuring that the funding paths are traceable and verifiable.

From the perspective of funding source structure, the core support for the JST buyback and burn is divided into two major segments—existing earnings and future net earnings of JustLend DAO, and the excess income of over 10 million USD from the USDD multi-chain ecosystem. At the beginning of the plan, JustLend DAO extracted over 59.08 million USDT from existing earnings and adopted a tiered execution strategy of "30% immediate destruction + 70% destruction after quarterly interest accrual" to balance short-term deflationary effects with long-term value accumulation.

The first round of destruction was completed in October 2025. In this round, 30% of the funds were used to destroy 560 million JST, accounting for 5.6% of the total supply. The remaining 70% was deposited into the JustLend DAO's SBM USDT lending market for appreciation, executed over four quarters.

On January 15 of this year, JustLend DAO released the announcement regarding the completion of the second JST buyback and burn, marking the successful conclusion of the second large-scale buyback and burn action. The number of JST tokens repurchased and burned in this round was 525 million, accounting for 5.3% of the total supply, corresponding to a token value of about 21 million USD.

Thus, both rounds of JST buyback and burn have been fully completed:

First Round (October 2025): Approximately 556 million JST destroyed, corresponding to about 17.72 million USD, accounting for 5.66% of the total supply.

Second Round (January 2026): 525 million JST destroyed, corresponding to about 21 million USD, accounting for 5.3% of the total supply.

Notably, the second round of JST buyback and burn demonstrated an outstanding performance that exceeded expectations. Compared to the first round of destruction, the scale of funds invested in this round not only did not decrease due to market fluctuations but instead achieved a counter-cyclical growth, far exceeding initial market expectations. This strong action has generated a huge response among community users, bringing great surprise.

As of now, the cumulative destruction amount of JST has exceeded 1.08 billion tokens, accounting for 10.96% of the total supply, with the cumulative investment scale in both rounds of destruction exceeding 38.7 million USD. Such strong deflationary force and large-scale capital investment intensity rank among the top in the global DeFi sector.

Additionally, all JST buyback and burn operations are executed on-chain in a decentralized manner by the community autonomous organization Grants DAO. Every fund transfer and token destruction record is completely retained on-chain, ensuring transparency. The on-chain records are immutable and publicly accessible. Users can view core data and the entire execution process, including destruction batches and on-chain transactions, at any time through the Grants DAO exclusive page on the JustLend DAO official website and the "Transparency" operational indicators panel, truly achieving information transparency and winning user trust and support for the development of the JST ecosystem.

JustLend DAO's Profitability Revalidated, Q4 2025 Net Income Exceeds 10 Million USD

The smooth implementation of this round of JST buyback and burn not only represents the normalization of the destruction plan but also, with an investment scale exceeding expectations, intuitively demonstrates JustLend DAO's strong ecological operational strength and sustainable profitability, injecting core support for the long-term effectiveness of the JST deflationary mechanism.

According to the initial data of the destruction plan, JustLend DAO previously reserved 70% of existing earnings for buyback execution over four quarters, with a single quarter destruction amount of approximately 10.34 million USD. However, the actual investment scale for this round of buyback and burn exceeded 21 million USD, reaching more than double the preset amount.

In the regular rhythm of quarterly destruction, the funding volume not only did not decrease but increased significantly, far exceeding community and market expectations. The underlying support for this is JustLend DAO's intrinsic hard-core profitability, which is fundamentally different from the "pseudo-deflation" operations in the market that rely on financing and token issuance.

From the funding composition disclosed in this round of destruction announcement, 100% of the funds for the second round of JST destruction came from JustLend DAO platform earnings, which included the originally planned existing earnings of approximately 10.34 million USD for this quarter, plus an additional net income of approximately 10.19 million USD from Q4 2025.

The dual funding support model of "existing earnings as a base + additional net income as a boost" not only significantly accelerates the JST buyback and burn process but also, with solid cash flow data, fully verifies the health and abundance of the protocol's financial status, completely dispelling market concerns about "future funding interruptions for destruction."

The new net income of over 10 million USD in Q4 2025 undoubtedly showcases JustLend DAO's hard profitability. This fully indicates that the JST buyback and burn is never an isolated action detached from the ecosystem but a value-driven behavior deeply rooted in the growth of the protocol's business. JustLend DAO's profitability resilience provides a guarantee for the long-term effective operation of the deflationary mechanism.

It is worth noting that JustLend DAO still has approximately 31.02 million USD in existing earnings, which will be gradually invested in buyback and burn in subsequent quarters. "Over 30 million USD in existing earnings as a base + continuously growing protocol net income" will provide solid support for future JST destruction.

This means that the JST buyback and burn is by no means a short-term marketing action but a normalized, long-term value empowerment plan anchored in protocol earnings. It establishes a clear and stable long-term deflationary closed loop for JST, fundamentally different from the common "one-off" short-term buyback operations in the crypto market, providing strong support for the long-term stable development of JST.

As another potential core funding source for the JST buyback and burn, the stablecoin USDD ecosystem is entering a golden period of rapid growth, reserving ample momentum for the continuous strengthening of the deflationary mechanism. Currently, USDD has successfully achieved cross-chain deployment, covering mainstream public chain networks such as Ethereum and BNB Chain. As of January 15, the total supply of USDD has climbed to 960 million USD, and the total value locked (TVL) on related platforms has exceeded 1 billion USD. With the continuous expansion of the USDD ecosystem, the excess income generated in the future will become an important incremental funding source for JST buyback and burn, further strengthening the deflationary effect and promoting the continuous increase in JST value.

In summary, the JST deflationary mechanism is by no means a simple "token destruction - supply contraction" linear logic but is built on the real and sustainable earnings foundation of both JustLend DAO and USDD dual ecosystems, deeply binding the deflationary force with ecological profitability, completely breaking free from the industry's dilemma of "deflation without earnings support being meaningless," and laying a solid and irreversible logical foundation for the long-term value growth of JST.

JustLend DAO Ecological Earnings Continue to Amplify Deflationary Effects, Driving JST Token Value Growth

JustLend DAO, with real ecological earnings as the core engine, continues to amplify the intensity of JST token buyback and burn, promoting the deep fermentation of the deflationary effect. This successfully constructs a virtuous value cycle of "increased ecological activity → growth in protocol profitability → intensified buyback and burn → enhanced token scarcity → increased ecological attractiveness," forming a self-reinforcing growth flywheel.

With the normalization of the JST buyback and burn plan, a large reserve fund pool will continue to release deflationary dividends. Supported by the steady expansion of the JustLend DAO ecosystem, the value support logic of the JST token is becoming increasingly solid, and market performance is gradually realizing its long-term potential.

In terms of deflationary effects, the JST token has reduced by 1.08 billion tokens, accounting for 10.96% of the total supply, with large-scale destruction directly achieving a rigid contraction of the circulating supply. Under the premise of a constant total supply, each round of destruction continues to reduce circulating chips, and the ongoing deflationary actions are continuously strengthening the token's scarcity, pushing JST value into a long-term upward channel.

The value potential of JST has also been widely recognized by the market. On January 8, CoinMarketCap data showed that the market capitalization of the JST token successfully surpassed 400 million USD, with a 24-hour trading volume surging by 21.92%, and a cumulative price increase of 10.82% over the past month. The simultaneous expansion of trading volume and market capitalization intuitively reflects the strong confidence of the market in the future development prospects of the JustLend DAO ecosystem.

With the orderly advancement of the buyback plan, the circulating supply of JST tokens will further shrink, and the value of scarcity will continue to stand out, likely driving the JST token value to achieve a new leap. More importantly, the profitability of both JustLend DAO and USDD dual ecosystems continues to strengthen, and the deflationary force of JST will further intensify, with the underlying momentum for value growth becoming increasingly abundant.

As a lasting source of power for the JST deflationary mechanism, JustLend DAO continuously injects real earnings support into the buyback through the continuous improvement of its product matrix and healthy growth of operational data.

As the core financial infrastructure of the TRON ecosystem, JustLend DAO has developed from a single lending protocol into a full-chain DeFi solution that integrates asset lending, liquid staking, energy rental, and gas optimization through continuous integration and upgrades, constructing a complete product matrix that will provide diverse momentum for ecological earnings growth:

• SBM Lending Market: As the ecological foundational business, it supports users to deposit assets for interest or collateralize loans, achieving efficient asset allocation.

• sTRX Liquid Staking: The preferred TRX staking entry for the TRON ecosystem, where users can obtain liquidity certificates sTRX by staking TRX.

• Energy Rental Service: Provides flexible energy rental with "rent and return at will," significantly lowering the on-chain operation threshold for users.

• GasFree Smart Wallet: Supports direct deduction of fees from transferred tokens, and with platform-subsidized activities, users only need to pay about 1 USD in fees for each USDT transfer, greatly enhancing the ease of on-chain transactions.

Driven by a diverse product matrix, key indicators of JustLend DAO are growing across the board, whether in the liquid staking market or lending demand. According to DeFiLlama data, JustLend DAO has firmly secured the third position in the global lending sector, second only to the multi-chain lending protocol Aave and the cross-chain Morpho covering over thirty chains—it's worth noting that JustLend DAO, as a single-chain deployed protocol, stands out in the multi-chain competitive landscape, fully demonstrating its leading position and user recognition in the TRON ecosystem.

As of January 15, the total value locked (TVL) of crypto assets on the JustLend DAO platform has risen to approximately 7.038 billion USD, with cumulative incentives distributed to the community exceeding 192 million USD, providing safe and efficient DeFi services to over 480,000 users globally. Among them, the supply assets in the SBM lending market exceed 4.2 billion USD, and the borrowed asset scale reaches 200 million USD, with funding activity and volume remaining at the forefront of the industry.

In terms of protocol earnings, according to the Transparency financial metrics dashboard, as of January 15, the platform's cumulative net income has exceeded 72.69 million USD, of which 69.7 million USD has been withdrawn, and 2.99 million USD remains on the books, indicating a healthy and robust overall financial structure that provides solid funding support for buyback and burn.

From the earnings structure, JustLend DAO's net income currently comes solely from the SBM lending market and sTRX liquid staking business lines, with sTRX being the absolute core pillar of earnings. Among the withdrawn 69.7 million USD in earnings, the net income contributed by sTRX reached 68.81 million USD, while the SBM lending market contributed approximately 2.25 million USD.

As the sTRX staking scale continues to grow, its earnings contribution is expected to further increase. According to the latest data, the number of TRX staked in sTRX has exceeded 9.3 billion tokens, with the number of participating addresses surpassing 13,500, and the current annualized yield is 7.23%, with both staking quantity and participant numbers showing a steady upward trend. The SBM lending market also performed outstandingly, with DeFiLlama data indicating that Q4 2025 captured interest fees of approximately 2.2 million USD (only counting the interest paid by borrowers), setting a historical high and reflecting the continuous expansion of the lending business scale.

At the same time, the energy rental and GasFree smart wallet, two high-frequency essential services, are becoming a new engine for the growth of the JustLend DAO ecosystem. The basic rate for energy rental has been significantly reduced from 15% to 8% as of January 9, with the daily rental of 100,000 units of energy now costing only about 6.21 TRX (equivalent to the energy obtained from staking 10,674 TRX, which can cover two contract transactions), and the number of addresses participating in rentals has increased to 73,000; while the GasFree smart wallet has processed a cumulative transaction volume exceeding 46.3 billion USD, serving over 2.5 million accounts, saving users a total of 3.64 million USD in fees.

In the future, the earnings from services like energy rental and GasFree will gradually be included in the JustLend DAO platform's earnings statistics, becoming a new growth pole for ecological income, further broadening the sources of funds for JST buyback. As diverse business earnings are injected into buyback and burn, the deflationary force and value growth of JST will increase simultaneously, and the ceiling for the long-term value growth of the token will continue to open up.