JustLend DAO uses real yields to anchor JST, maintaining continuous deflation and focusing on long-term development to steadily navigate market cycles

Total Burned: over 1.08 billion JST, with an investment of more than $38.7 million: JustLend DAO continues to actively implement the long-term deflationary logic of JST with real funds, firmly establishing the token’s long-term value foundation.

Recently, the cryptocurrency market has once again experienced a deep correction. According to the latest data from HTX, Bitcoin (BTC) has fallen to the $60,000 level, hitting a new low since November 2024. The entire market has entered a downward cycle, with industry sentiment remaining subdued. However, amidst the overall market pressure, key data from the TRON ecosystem shows remarkable resilience and growth: on-chain USDT issuance has surpassed $83.4 billion, continuously setting new records; total revenue on the TRON network remains on the rise, reaching $216 million in January 2026, an increase of approximately 4% month-over-month, demonstrating the ecosystem’s unique resilience and vitality.

Core projects within the TRON ecosystem are also seeing continuous positive developments. Notably, the core DeFi platform JustLend DAO completed its second large-scale buyback and burn on January 15, which attracted significant attention. This round saw a total of 525 million JST burned, accounting for 5.3% of the total token supply, with actual funds投入超过2100万美元。

In a challenging environment where overall market sentiment is low, trading activity is cooling, and liquidity is decreasing, JustLend DAO has resolutely invested tens of millions of dollars to promote JST deflation through burns. This move starkly contrasts with the overall market weakness and has become an important anchor of value in adverse conditions.

Especially noteworthy is that, despite the overall market downturn, the market price of JST has remained relatively stable, not fluctuating significantly with the broader market. This independence visually reflects the market’s recognition of its intrinsic value support.

Total Burned: over 1.08 billion JST, with an investment of about $38.7 million: JustLend DAO uses real funds to anchor JST’s deflation certainty

Since October 2025, when the JST buyback and burn proposal was officially approved by the JustLend DAO community, the project has advanced efficiently. In just three months, it completed two rounds of large-scale on-chain buybacks and burns, with a total of over 1,084,890,753 JST burned, representing 10.96% of the total supply, with a total投入超过3872万美元. This tangible capital投入和高效落地，巩固了JST的通缩确定性，彰显了项目推动长期通缩机制的坚定决心。

The successful implementation of two large-scale buyback and burn rounds has achieved a rigid reduction in JST circulation, shrinking the total supply from approximately 9.9 billion tokens to about 8.815 billion. Such a large-scale deflation and capital投入在加密行业发展历程中极为罕见，更直观地证明了JustLend DAO雄厚的资金实力和高效的通缩执行能力。

According to previous buyback and burn announcements, the main sources of JST buyback funds are: one, the existing收益及未来持续产生的净收入来自JustLend DAO协议；二，USDD多链生态系统收入中超过1000万美元的超额部分。目前，由于USDD多链生态相关收入尚未达到预期标准，当前的JST回购销毁资金全部由JustLend DAO协议全额支持。

This funding arrangement fully confirms that the JST buyback and burn mechanism is deeply rooted in the real ecosystem收益 of JustLend DAO. Therefore, the JST buyback and burn mechanism is not a short-term marketing operation but a normalized long-term value-adding plan anchored in the protocol’s持续收益 and embedded into the underlying机制. It builds a clear and稳固的长期通缩闭环 for JST: “生态真实收益→驱动代币回购→通缩提升价值→反哺生态发展,” providing a solid foundation for JST’s long-term稳定发展 from a机制 perspective.

As KOL OxPink stated, the core logic of JST buyback and burn is高度一致 with the traditional financial market’s “profit buyback stocks,” directly empowering token value through secondary market repurchases and永久销毁, allowing the ecosystem’s dividends to truly反哺持币者。

It is especially worth noting that all JST buyback and burn operations are completed on-chain, with each transaction fully traceable and publicly queryable. Currently, users can view the progress of buyback and burn, details of funds待销毁等核心数据 in real-time via the Grants DAO section or the dedicated Transparency page on the JustLend DAO official website, truly实现了全流程的公开透明。

As of February 4, 2026, JustLend DAO still holds approximately $31.02 million in收益待销毁. This portion of funds will be gradually投入到后续季度的JST回购销毁中，为通缩机制的常态化和可持续推进持续注入稳定的资金动力，保障JST通缩效应持续释放。

JustLend DAO’s diversified business creates strong盈利能力，为JST回购销毁提供坚实支撑

As the core资金来源 for JST回购销毁, and also as the core financial infrastructure of the TRON ecosystem, JustLend DAO一直锚定真实市场需求，构建了集借贷SBM、流动性质押sTRX、能量租赁（Energy Rental）、智能钱包GasFree等多功能于一体的全链路DeFi解决方案。这一多元化且成熟的业务布局，不仅为JustLend DAO创造了稳定、真实、持续的协议收益，保障了现金流的健康增长，更为JST回购销毁机制提供源源不断的可持续资金支持，从财务根基上为JST的长期通缩价值提供坚实支撑。

JustLend DAO强大的盈利能力，是其支撑JST回购销毁机制长期运行的底气所在。这一点在 2026年 1月 15 日执行的第二轮销毁中已得到直接验证：该轮共计投入 2100 万美元，其中除按计划执行的 1034 万美元存量收益外，其余资金均来自协议在 2025 年第四季度新产生的净收益。这意味着 JustLend DAO 在2025 年第四季度单季度净收益已突破 1000 万美元，充分验证了其盈利能力的强劲与可持续性。

坚实的收益源于稳健增长的业务基本盘。JustLend DAO 平台整体运营规模稳步提升，核心数据表现亮眼： JustLend DAO 平台总锁仓价值（TVL）长期维持在 60 亿美元规模以上，稳居全球借贷赛道前三。据财务运营透明度 Transparency 页面披露，JustLend DAO 累计净收益已高达 7269 万美元。自去年 10 月 JST 回购销毁机制通过后，近 3 个月已提取储备收益 6970 万美元，现存净收益仍有近 300 万美元。

Based on past steady revenue performance, JST was forecasted in the “Q4 2025 Report” released on January 28, 2026, that in the first quarter of 2026, approximately another $21 million would be allocated for buyback and burn, with the sTRX business expected to contribute about $10 million in revenue. The specific scale of burn will be dynamically adjusted based on actual operational conditions of that quarter. This provides the market with a clear and verifiable expectation, reinforcing the long-term and reliable “real business generates revenue—revenue drives buyback—buyback enhances value” deflationary logic.

Beyond JustLend DAO’s core support, the decentralized stablecoin ecosystem USDD, as an important future source of incremental funds for JST buyback and burn, is also experiencing rapid growth: currently, the total supply of USDD has exceeded $1 billion, with cumulative treasury revenue reaching $7.4678 million.

Thus, relying on a diversified and high-growth core business matrix to solidify a robust operational ecosystem, and building strong profitability through sustained and stable protocol earnings, JustLend DAO has deeply internalized JST buyback and burn into a long-term token value growth mechanism supported by real revenue, with clear mechanisms and predictable implementation pace. This has deeply integrated deflationary operations with ecosystem development, aligning token value growth with protocol profitability.

The market performance of JST also vividly confirms the effectiveness of ecosystem construction. In the context of the current major downturn in the crypto market and widespread deep corrections among mainstream tokens, JST’s price has shown far greater stability and resilience, not experiencing sharp fluctuations with the overall market, and has maintained a strong independent trend. According to the latest data from Coingecko on February 4, since the market plunged on January 30, major tokens suffered heavy losses: BTC fell nearly 15% over the past 7 days, ETH and SOL declined over 25%. In contrast, JST only declined slightly by less than 1%, and at times even rose against the trend. This decoupling from the broader market is especially prominent in weak markets, directly demonstrating its unique value support and resilience.

Reviewing the execution trajectory of JST’s deflation mechanism, its “value growth logic” has been clearly validated by the market—each large-scale buyback and burn implementation has directly driven steady increases in token price, creating a significant “deflationary positive effect.”

• First phase (October-December 2025): After the JST buyback and burn proposal was officially approved on October 21, 2025, market expectations quickly materialized. JST’s price started a sustained upward trend from 0.032 USDT, reaching a peak of 0.045 USDT on December 3, with a short-term increase of about 40%.
• Second phase (January 2026): Following the second large-scale buyback and burn on January 15, 2026, JST’s price surged again, rising from 0.040 USDT to 0.047 USDT by January 27, with a 17% increase in half a month.

The positive market feedback not only affirms the deflation model itself but also demonstrates strong confidence in the long-term development logic of “business growth drives value return.”

In fact, the continuous and transparent buyback and burn operations conducted by JustLend DAO based on real protocol revenues have built a core value foundation for JST that differs from purely market sentiment-driven approaches. The stable performance of JST during market downturns is the most compelling validation of the “real revenue—revenue-driven buyback—buyback enhances value” deflationary model and its underlying long-term ecosystem development logic.

TRON Ecosystem Continues to Strengthen, JustLend DAO Builds Long-Term Resilience Across Market Cycles

The deflationary logic built by the JST buyback and burn mechanism, which deeply bonds ecosystem real revenue with token value, essentially exemplifies how DeFi protocols return to their commercial roots and create sustainable value models. In changing market cycles, projects relying solely on short-term hype and lacking a solid ecosystem foundation will ultimately falter in industry waves. Only those committed to deep ecosystem development and long-term construction can stand firm and lead the next wave of industry growth. JustLend DAO is precisely a core practitioner of this development philosophy.

Colin Wu, founder of the well-known media Wu Says, previously pointed out that most crypto projects lack mechanisms similar to traditional finance, such as dividends or buybacks, to return value. Usually, projects without genuine income can only sustain operations by selling tokens, while those with income often allocate profits to the team, with few cases truly returning benefits to token holders. Therefore, high-quality crypto projects need not only the ability to generate real income but also to encode profit-sharing rules into code and smart contracts—this is the essence of a long-term valuable token model.

JST’s buyback and burn mechanism is undoubtedly a vivid practice and industry benchmark of this philosophy. JustLend DAO has invested tens of millions of dollars steadily advancing JST buybacks, demonstrating its commitment to ecosystem cultivation and long-term value capture. By deeply linking JST token value with the genuine development and revenue of core protocols like JustLend DAO and USDD, it aligns the ecosystem’s growth path with the interests of JST holders. More importantly, the entire process is built on full transparency: from clear funding sources, verifiable on-chain operations, to sustainable revenue reserves, forming a long-term value practice rooted in real income, supported by transparent mechanisms, and driven by continuous execution.

Meanwhile, the TRON ecosystem backing JustLend DAO continues to accelerate on all fronts, even during industry downturns, with ecosystem momentum steadily rising: on-chain USDT issuance keeps hitting new records; in January 2026, TRON’s total network revenue reached new highs, demonstrating the ecosystem’s resilience and vitality.

In terms of ecosystem expansion and network interoperability, TRON continues to broaden its boundaries and introduce new traffic: on January 15, MetaMask, the world’s largest wallet by user base, announced official integration with TRON, opening a key new traffic portal for on-chain ecosystems; on January 26, the cross-chain protocol WalletConnect completed support for TRON, greatly enhancing ecosystem connectivity and bringing more incremental resources, providing long-term development momentum for core protocols like JustLend DAO.

Beyond TRON’s strong support, JustLend DAO itself has weathered multiple market cycles, maintaining a record of “zero security incidents,” and cultivating robust risk resistance. During this downturn, JustLend DAO has also invested heavily in advancing JST buyback and burn, demonstrating its strong protocol strength and firm commitment to long-term development.

Leveraging TRON’s deep ecosystem foundation and continuous product innovation, JustLend DAO has deeply bonded protocol revenues with token value, not only creating a resilient value base for JST across cycles but also defining a new paradigm of long-termism in DeFi. When the tide recedes, such builders will be key players shaping the next chapter of the industry.