JUST releases JST progress report, upgrading the buyback and destruction mechanism
2026-10-26 17:44:58
According to CoinMeta, JUST released the JST 2026 Q3 and October progress report on October 26th. The report indicates that over five rounds, a total of 1.882 billion JST were repurchased and destroyed, with an investment of 118.15 million US dollars. JUST DAO has upgraded its repurchase and destruction mechanism to be based on sustainable ecosystem revenue, planning to invest 20.34 million US dollars in repurchases over four phases starting from Q4 of 2026, while reserving 50 million US dollars as a treasury safety reserve. In addition, the JUSTLend at the end of the quarter remained above 7 billion US dollars, and there were approximately 21.24 million GasFree Q3 transactions.
Source:Internet
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