JustLend DAO burns $21.3M in JST tokens, cutting supply by 13.7% to boost value.

JustLend DAO completed its third buyback and burn, destroying 271.3 million JST tokens worth $21.3 million, raising total burned tokens to 1.36 billion or 13.7% of supply. Funded by protocol net income, this revenue-driven deflation aims to increase token value by reducing supply. The Tron-based lending platform plans to continue quarterly buybacks and transparent reporting. Market reaction has been mixed, with some price gains but fundamentals and DeFi demand expected to influence long-term valuation more than the burn alone.