JustLend DAO completes $21.3M JST buyback and burn

Tron-based lending platform JustLend DAO announced it has completed its third JST buyback and burn. The platform burned 271,337,579 JST, worth $21.3 million. This brings the cumulative amount burned to over 1.356 billion JST, representing 13.70% of the total supply. JustLend DAO stated that it used quarterly net profits and carried-over earnings to fund the burn and plans to continue the initiative on a quarterly basis.