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Half-year countertrend surge doubles JST's fundamentals have quietly changed
Remember six months ago, the JustLend proposal:
Use all protocol revenue to buy back and burn, with the first batch burning 30% of existing earnings, and the remaining over 4 quarters; future quarterly net income will be used for buybacks, and the bought-back JST will be directly transferred to the TRON black hole address for permanent destruction.
Six months have passed, and JustLend DAO has completed two buyback burns.
A total of 1,084,890,753 JST has been burned, totaling $38.72 million, with the current value of the burned JST approximately $65 million. Additionally, $31.02 million in reserve income is set aside for the next two quarterly burns.
So, what is the result of this powerful empowerment?
In half a year, despite the unclear overall market trend, JST has doubled in value against the trend. Even as BTC fell by 37%, JST nearly doubled, outperforming BTC by more than three times.
Why do I say the fundamentals have changed?
Because JST's relative burn strength is now the strongest among DeFi protocols. The JST buyback plan involves multiple buybacks based on protocol income before October 1, 2025, depending on market conditions, and after that, each quarter’s net new income will be used for buybacks in the following quarter. All bought-back JST will be burned. Compared to Uni or Aave, the empowerment is even stronger.
JST is no longer just a governance token for JustLend but fully enjoys the dividends of JustLend’s development. Since TRON’s energy leasing is handled by JustLend, JST is set to become one of the tokens that benefits most from TRON’s rapid ecosystem growth.
Following this logic, Brother Sun previously said that JustLend could become the number one lending protocol, which now seems quite possible.
@justinsuntron @DeFi_JUST #TronEcoStar