JUST upgrades JST buyback and destruction mechanism, injecting $20.34 million in surplus funds
2026-10-24 15:46:51
CoinMeta Data: JUST Announces Upgrade to JST Repurchase and Burn Mechanism, Injecting $20.34 Million in Surplus Funds. The sources of funds for this repurchase have been expanded to include JustLend, USDD, and GasFree. GasFree has processed over $15.71 million in stablecoin transfers, totaling 9.14 million transactions, covering more than 500,000 addresses. It is estimated that the cumulative revenue from March 2025 to the third quarter of 2026 will be around $12.03 million. The mechanism sets a safety fund bottom line of $50 million, and the first batch of $20.34 million in surplus funds will be injected into the repurchase program in four rounds starting from the fourth quarter of 2026. JUST has a total locked-up volume of approximately $1.22 billion, while JustLend has a locked-up volume exceeding $713 million.
Source:Internet
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