JustLend DAO community releases JST repurchase and destruction proposal

This article is machine translated
Show original

JustLend DAO has published a JST buyback and burn proposal on its governance Odaily. This proposal aims to build a more sustainable deflationary mechanism by optimizing the JST token's economic structure, enhancing governance efficiency, and increasing long-term value.

The proposal indicates that buyback funds will primarily come from JustLend DAO's net revenue (including sTRX and SBM revenue) and incremental revenue from the USDD multi-chain ecosystem once profits exceed $10 million. All buybacks will be transparently executed on-chain, and JST earned from repurchases will be permanently destroyed to gradually reduce the circulating supply.

Furthermore, the DAO plans to continue repurchasing JST on a quarterly basis using newly generated net revenue and will publish regular progress reports. Officials stated that this mechanism will further solidify JST's governance and drive healthier and more resilient growth for the TRON ecosystem.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments