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JustLend DAO Completes First JST Burn, Initiates Deflation Process
Summary: According to the latest burn announcement, JustLend DAO's existing accumulated earnings total 59,087,137 USDT. The first burn of 30% of this amount (17,726,141 USDT) has been used to repurchase and burn 559,890,753 JST, approximately 5.66% of the total JST supply. The remaining 70% of accumulated earnings (41,419,815 USDT) will be distributed over four quarters, with ...
According to the latest burn announcement, JustLend DAO's existing accumulated earnings total 59,087,137 USDT. The first burn of 30% of this amount (17,726,141 USDT) has been used to repurchase and burn 559,890,753 JST, approximately 5.66% of the total JST supply. The remaining 70% of accumulated earnings (41,419,815 USDT) will be distributed over four quarters, with the first portion already deposited into JustLend DAO's SBM USDT lending market. The future earnings generated will be used for JST repurchase and burn.
