JustLend DAO Burns 170M+ JST, Cutting Supply by Nearly 19% in a Year
• On Oct 16, JustLend DAO, TRON's largest lending protocol, completed its fifth JST buyback and burn: about 170.7M JST (~$23.5M).
• It was funded by net protocol earnings: $10.34M in legacy profit plus $9.28M of new Q3 earnings.
• Five rounds in a year have removed 1.88B JST, close to 19% of supply. This closes phase one; phase two plans new revenue sources such as GasFree.
Burning with real revenue beats paying users in freshly minted tokens. Watch whether phase two keeps this pace.
Not investment advice. DYOR.
@justinsuntron
• On Oct 16, JustLend DAO, TRON's largest lending protocol, completed its fifth JST buyback and burn: about 170.7M JST (~$23.5M).
• It was funded by net protocol earnings: $10.34M in legacy profit plus $9.28M of new Q3 earnings.
• Five rounds in a year have removed 1.88B JST, close to 19% of supply. This closes phase one; phase two plans new revenue sources such as GasFree.
Burning with real revenue beats paying users in freshly minted tokens. Watch whether phase two keeps this pace.
Not investment advice. DYOR.
@justinsuntron