Dear JUST Community and JST Holders,
The JST Buyback & Burn program has successfully completed its initial five rounds, marking the full deployment of JustLend's historical revenue reserves. To ensure the long-term sustainability, stability, and continuity of the program, JUST DAO hereby outlines the upgraded mechanism below:
I. Core Updates
- Treasury Safety Buffer: A minimum $50 million reserve is maintained at the Treasury address (TZJV...NrpEag) for risk mitigation, emergency redemptions, and liquidity support. Funds below this threshold will not be used for buybacks and burns.
- Ongoing Buyback Capital: All sustainable, newly generated quarterly revenue across business lines will fund buybacks on an ongoing basis:
- JustLend: Protocol earnings, primarily from sTRX staking and SBM operations.
- GasFree: Revenue streams to be incorporated starting in Q4 2026, following approximately $12.027 million in cumulative revenue generated through Q3 2026 since its March 2025 launch.
- USDD: Future net revenue exceeding $10 million, subject to specific operational prerequisites.
- Phased Deployment of Surplus Capital: An estimated $20.34 million in surplus funds beyond the safety buffer, sourced primarily from GasFree's cumulative revenue and unallocated treasury funds exceeding the threshold, will be deployed in four installments beginning in Q4 2026 to supplement ongoing buybacks.
- Long-Term Buyback & Scheduled Burn: 100% of revenue generated across all JUST ecosystem business lines will be continuously allocated to buying back JST tokens. The specific buyback amount per round will be dynamically determined based on prevailing market conditions. All repurchased JST will be burned on a scheduled basis to ensure the program's long-term sustainability.
II. Buyback Transition to JUST DAO
Previous buyback and burn operations were executed under the name of JustLend Grants DAO. Following this upgrade, all JST buybacks and burns will be executed by JUST DAO—the central governance hub for the JUST ecosystem, overseeing JustLend, USDD, GasFree, and other ecosystem initiatives. Historical buyback and burn records will be archived and detailed on the official dashboard to maintain full data auditing and traceability.
III. Execution & On-Chain Transparency
All repurchased JST tokens will be sent to a TRON black hole address for permanent destruction. On-chain burn transaction hashes will be published simultaneously, ensuring complete transparency and verifiability. Buyback and burn data for each round will be updated on JUST's official dashboard.
JUST DAO remains committed to continuous JST buybacks and burns. Key financial metrics will be released to the community periodically, with all transactions fully verifiable on-chain.
Thank you for your continued support!
JUST DAO Team
October 23, 2026 (SGT)