# JUST Completes Fifth JST Token Burn of $23.5M Ahead of Mechanism Upgrade

- URL: https://stocks.freetheai.org/news/just-completes-fifth-jst-token-burn-of-23-5m-ahead-of-mechanism-upgrade-728031
- Published: 2026-10-18T16:46:06Z
- Category: crypto; sentiment: bullish; impact: medium
- Symbols: [KRAKEN:JSTUSD](https://stocks.freetheai.org/symbols/KRAKEN-JSTUSD)
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Decentralized finance platform JUST completed its fifth quarterly buyback and burn of its native JST token, destroying 170,723,144 JST tokens worth roughly $23.53 million. The burn represents approximately 1.72% of the token supply and was funded entirely by net operating revenue from JustLend DAO.

This latest transaction completes a full year of scheduled buyback rounds for the network. Over five consecutive quarters, the platform has permanently retired about 1.88 billion tokens—reducing overall circulation by nearly 19% from 9.9 billion down to roughly 8.02 billion—while deploying more than $100 million in total protocol earnings. The deployment of remaining initial treasury reserves officially concludes the first phase of the program.

Moving forward, the buyback framework is set to undergo a major mechanism upgrade. The next phase plans to diversify capital sources beyond existing protocol reserves by integrating revenue from additional ecosystem services, such as GasFree, to support ongoing token burns.

## Key points

- JUST burned 170,723,144 JST tokens worth over $23.53 million in its fifth quarterly buyback round.
- The quarter's burn removed about 1.72% of total supply, funded by JustLend DAO operating revenue.
- Across five rounds over one year, total burns reached 1.881 billion tokens, reducing supply by nearly 19%.
- Total capital deployed in the buyback program surpassed $100 million, concluding the initial treasury reserve phase.
- The upcoming upgraded mechanism plans to incorporate new revenue sources, including GasFree earnings.

## Questions and answers

### How many JST tokens were burned in the fifth buyback round?

JUST burned 170,723,144 JST tokens, which equals about 1.72% of the total token supply and was valued at over $23.53 million.

### How much total JST supply has been removed across all burn rounds?

Across five consecutive burn rounds over one year, JUST has permanently removed roughly 1.881 billion tokens, reducing total circulation from 9.9 billion to about 8.02 billion, or nearly 19%.

### What changes are coming to the JST buyback program?

With the first phase concluded, the upgraded mechanism will expand its funding sources by adding revenue from new services like GasFree alongside existing protocol earnings.