JUST, a DeFi infrastructure platform in the TRON ecosystem, completed its fifth scheduled buyback and burn of its native token JST on October 17. The round burned over 170 million JST tokens, representing approximately 1.72% of total supply, with $23.53 million in capital deployed from JustLend DAO's net operating revenue.
Across five consecutive rounds spanning one year, JUST has burned a total of approximately 1.88 billion JST tokens, representing a cumulative deflation rate exceeding 19% with over $100 million deployed. The latest burn brings the remaining initial treasury reserves to full deployment, completing the program's first phase.
Buyback Program Milestones
Since launching in October 2025, the buyback and burn mechanism has executed five rounds on a quarterly schedule:
- Round 1 (October 19, 2025): Burned approximately 559 million JST (~5.66% of supply) with $17.72 million deployed
- Round 2 (January 14, 2026): Burned approximately 525 million JST (~5.3% of supply) with $21 million deployed
- Round 3 (April 15, 2026): Burned approximately 271 million JST (~2.74% of supply) with $21.3 million deployed
- Round 4 (July 17, 2026): Burned approximately 355 million JST (~3.59% of supply) with $34.59 million deployed
- Round 5 (October 16, 2026): Burned approximately 170 million JST (~1.72% of supply) with $23.53 million deployed
All capital for the buybacks has come directly from JustLend DAO's organic operating earnings, except for approximately $10.39 million in historical stability fees from USDJ allocated in Round 4.
Next Phase and Diversification
The completion of the fifth round marks the end of the program's first phase, with the initial treasury reserve plan fully deployed. JUST indicated that an upgraded buyback mechanism is under development to incorporate revenues from new business streams, including GasFree, to provide additional and more diversified funding for future burns. Further details on capital allocation, execution timing, and ecosystem integrations under the upgraded mechanism are expected to be announced through official channels.
