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JST burns over 355 million tokens in record fourth buyback round

The fourth JST buyback and burn removed 3.6% of total supply, with the round valued at more than $34.6 million and funded entirely by JustLend DAO revenue plus a one-time USDJ fee burn.

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JST completed its fourth large-scale buyback and burn round, destroying more than 355 million JST tokens worth $34.59 million, setting a new record for the largest single-round burn by value, according to CryptoSlate.

The burn accounted for 3.59% of JST's total supply and culminated on July 17, with the article noting the value surpassed prior single-round records and exceeded community expectations.

CryptoSlate said the record scale came from a dual-engine setup, pairing routine Q2 2026 buyback and burn funded fully by JustLend DAO's organic protocol revenues with a separate one-time burn of historical USDJ stability fees.

The outlet also reported that this round's total burn value rose to more than $34 million, a 70%+ increase versus the third round, and that the USDJ fee burn was independent of the quarterly schedule.

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