TechFlow reports that on July 17, JustLend DAO completed the fourth $JST buyback and burn as planned. This round cumulatively burned over 355 million tokens, corresponding to 3.59% of the total supply, with a market value exceeding $34.59 million. To date, the cumulative burn progress of JST has reached 17.29% of the total supply, closing in on the 20% milestone. The funds were sourced from Q2 protocol revenue buybacks and accumulated historical USDJ stability fees. With this round of deflation implemented, the circulating supply of JST further contracted, the long-term value logic driven by protocol revenue was validated once again, solidifying the foundation for the continued prosperity of the community ecosystem.
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