JustLend DAO has completed the first JST burn, and the deflationary process has been initiated.

Odaily News According to the latest destruction announcement, JustLend DAO currently has a total yield of 59,087,137 USDT, with 30% of this amount (i.e., 17,726,141 USDT) being destroyed for the first time, which has been used to repurchase and destroy 559,890,753 JST, accounting for approximately 5.66% of the total supply of JST; the remaining 70% of the yield (i.e., 41,419,815 USDT) will be distributed over four quarters and has now been deposited into the USDT lending market of JustLend DAO's SBM. The subsequent yield generated will be used for JST repurchase and destruction.

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