JUST completes fourth buyback and burn cycle, removing over 17% of JST supply
JUST completed its fourth consecutive JST buyback and burn cycle, permanently removing more than 17% of total JST supply from circulation with $94.62 million deployed. The fourth round was primarily funded by JustLend sources driven by Energy rental yields, which covered 69.96% of that round, and used USDJ fees for the first time.
Detected & updated continuously · Source: Nebula
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@Defi_lord002
🔥 17%+ OF JST SUPPLY REMOVED: FOUR BUYBACK & BURN CYCLES COMPLETED More than 17% of the total $JST supply has now been permanently removed from circulation. That milestone represents the completion of four consecutive JST buyback & burn cycles, following the community-approved https://t.co/zeONkrvIHc
@web3l0var
𝗣𝗥𝗢𝗧𝗢𝗖𝗢𝗟 𝗥𝗘𝗩𝗘𝗡𝗨𝗘 𝗡𝗢𝗪 𝗥𝗘𝗧𝗜𝗥𝗘𝗦 𝗦𝗨𝗣𝗣𝗟𝗬 JUST’s token rule is easy to remember. Revenue buys JST. JST leaves circulation. Four rounds have already retired 17.29% of supply with $94.62 million. The fourth round proved the rule can take money from more https://t.co/CKN8xyOBtc
@web3l0var
𝗟𝗘𝗧𝗧𝗘𝗥 𝗧𝗢 𝗛𝗢𝗟𝗗𝗘𝗥𝗦 𝗞𝗘𝗘𝗣𝗦 𝗧𝗛𝗘 𝗕𝗢𝗢𝗞𝗦 𝗢𝗣𝗘𝗡 JUST still writes a letter to JST holders. The latest one put the new chapter in four lines. 1,711,249,863 JST burned. $94.62 million deployed. USDJ fees used for the first time. JustLend TVL at $6.7 billion https://t.co/RK1qm9Zhbj
@web3l0var
𝗘𝗡𝗘𝗥𝗚𝗬 𝗥𝗘𝗡𝗧𝗔𝗟 𝗦𝗧𝗜𝗟𝗟 𝗙𝗨𝗡𝗗𝗦 𝗕𝗨𝗥𝗡𝗦 The fourth burn disclosure put Energy rental at the center of JustLend’s contribution. Official breakdowns said JustLend sources, driven primarily by Energy rental yields, covered 69.96% of that round. The letter also https://t.co/eiBdlWsb2A