JustLend DAO has approved and executed its first JST buyback and burn, as part of a new proposal aimed at reducing the token supply. The decentralized lending protocol utilized 30% of its current revenue, amounting to approximately 17.7 million USDT, to repurchase and destroy 559,890,753 JST tokens. This action represents about 5.66% of the total JST supply. The proposal outlines that all of JustLend DAO's net income, along with a portion of the USDD multi-chain ecosystem's earnings exceeding $10 million, will be allocated for future buybacks and burns. Additionally, the JustLend Grants DAO plans to conduct quarterly buybacks and burns using the net revenue from the previous quarter. The remaining 70% of existing revenue is scheduled to be burned in four installments by the end of 2026, with each installment accounting for 17.5% of the revenue.
JustLend DAO Executes First JST Buyback and Burn
This content is for informational purposes only and does not constitute investment advice.
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.
Bitcoin historical price data and trends
This special feature gathers multiple articles on Bitcoin’s historical price data, analyzing past trends, market cycles, and key events that shaped its value. It also explores factors influencing price movements, providing readers with insights into Bitcoin’s long-term performance and market patterns.
Detailed Illustrated Guide to Contract Trading
This collection, "Detailed Illustrated Guide to Contract Trading," explains the fundamentals of contract trading, including futures and margin trading. It uses clear illustrations to simplify key concepts, risk management strategies, and order types, making it accessible for both beginners and experienced traders.