2026 DeFi Track "True Repurchase": JST has destroyed more than 1.350 billion, and JUST interprets permanence with ecological hard power
AGAINST THE BACKDROP OF THE BITCOON BOOM, THE OVERALL LIQUIDITY OF THE ENCRYPTED MARKET CONTINUES TO TIGHTEN, AND THE TRADING CLIMATE IS DEPRESSED, JST COMPLETED A THIRD ROUND OF LARGE-SCALE BUY-BACK DESTRUCTION, WITH A TENS OF MILLIONS OF DOLLARS-GRADE “REAL BUY-BACK” STRATEGY TO ACHIEVE A REVERSAL OF THE SITUATION, AS A FLASHLIGHT INJECTED PRECIOUS LONG-TERM CONFIDENCE IN THE COLD INDUSTRY. THIS ACTION NOT ONLY FULLY DEMONSTRATES ITS ECOLOGICAL HARD POWER TO CROSS CYCLES, BUT ALSO REINFORCES ITS ADHERENCE TO THE VALUE OF PERMANENCE。
IN CONTRAST TO THE MANY “MARKET-BASED DESTRUCTION” THAT IS OCCURRING IN THE INDUSTRY, JST'S BUY-BACK DESTRUCTION IS DEEPLY ROOTED IN THE REAL ECOLOGICAL BENEFITS AND IS A LONG-TERM VALUE-ENABLING PROGRAMME THAT IS CAPABLE OF MAKING ITS OWN BLOOD AND OPERATING IN A REGULAR MANNER. AS A RESULT, JST HAS DEVELOPED A COMPLETE VALUE CLOSED CIRCLE AND A LOGICAL DEFLATION GOVERNANCE MECHANISM THAT CREATES A TRULY SUSTAINABLE AND LAND-DEFEATING SYSTEM OF GOVERNANCE。
Specifically, the JST buy-back destruction mechanism and the two main business line lending centres of the JUST Ecocentrism, JustLend DAO, are tied to the depth of the real ecological benefits generated by the SDSD, and currently all buy-back funds come from JustLend DAO. The overall process rules are transparent, the funding is clear and each destruction operation is documented on the chain, supporting arbitrary validation, thus ensuring the sustainability and credibility of deflation governance at the bottom design level。
IN A SHORT PERIOD OF SIX MONTHS, THE JST HAS SUCCESSFULLY COMPLETED THREE SUCCESSIVE ROUNDS OF LARGE-SCALE BUY-BACK DESTRUCTION OPERATIONS, WITH CUMULATIVE INVESTMENT OF MORE THAN $60 MILLION AND A TOTAL OF 1,356 MILLION, REPRESENTING ABOUT 13.7 PER CENT OF THE TOTAL SUPPLY OF COINS. A ROUGH ESTIMATE OF THE RECENT MARKET VALUE OF EACH JST OF APPROXIMATELY US$ 0.08 HAS EXCEEDED THE TOTAL VALUE OF THE THREE CUMULATIVE ROUNDS OF DESTRUCTION OF JST COINS BY $100 MILLION。
THREE-ROUND DESTRUCTION OF REAL MONEY AND SILVER STEP PLUS CODE, DEFLATION OF "FLY WHEEL" DRIVING JST PRICES TO DOUBLE MARKET VALUE
AFTER THREE SUCCESSIVE ROUNDS OF LARGE-SCALE BUY-BACK DESTRUCTION OPERATIONS AT THE LEVEL OF TRADE TEXTBOOKS, THE JST DEFLATION STRATEGY PRESENTED AN AMAZING MARKET RESPONSE: THE TOTAL SUPPLY HAS BEEN CUT DIRECTLY BY MORE THAN 1,356 MILLION. AS THE NORMALIZATION OF THE JST BUY-BACK DESTRUCTION MECHANISM ADVANCES, ITS DEFLATION “FLYING WHEEL” EFFECT IS ACCELERATING, AND THE SCARCITY OF TOKENS IS INCREASING, LEADING TO THE CONSTRUCTION OF AN EXTREMELY HIGH-VALUE MOAT, WHICH PROVIDES STRONG SUPPORT FOR THE STEADY RISE IN THE PRICE OF THE JST AGAINST ITS MARKET VALUE。
In terms of specific destruction trajectories, there is a strong and steady increase in each round of financial inputs:
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First round (October 2025)It's a water testTHE DESTRUCTION OF APPROXIMATELY 559 MILLION JSTS, OR 5.66 PER CENT OF THE TOTAL SUPPLY OF COINS, WITH AN INVESTMENT OF APPROXIMATELY US$ 17.72 MILLION
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Second round (January 2026): SuperintendenceTHE DESTRUCTION OF APPROXIMATELY 525 MILLION JSTS, REPRESENTING 5.3 PER CENT OF THE TOTAL SUPPLY OF COINS, INCREASED THE INVESTMENT TO APPROXIMATELY $21 MILLION, INCLUDING INVENTORY GAINS OF $10.34 MILLION AND NEW NET GAINS OF $1,019 MILLION IN 2025 Q4
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Third round (15 April 2026)This post is part of our special coverage Global Voices 2011THE DESTRUCTION OF APPROXIMATELY 2.71 BILLION JSTS, REPRESENTING 2.74 PER CENT OF THE TOTAL SUPPLY OF COINS, FURTHER RAISED THE INVESTMENT TO APPROXIMATELY $21.3 MILLION, INCLUDING INVENTORY GAINS OF $10.34 MILLION AND NEW NET GAINS OF $10.97 MILLION IN 2026 Q1。
The cumulative investment of these three rounds of buy-back destruction is over US$ 60 million and shows a clear step-by-step increase in real money and silver: From $1.772 million in the first round, to $21 million in the second round, to $21.3 million in the third round, the input has risen steadily and incrementally. And all of the funds are derived from the real operational benefits of the JustLend DAO platform, both from the stock gains and from the new quarterly net gains. The fact that no additional or reserve funds were used throughout the process, each investment was a solid ecological profit-resort, amply demonstrating the capacity of the JST to buy back and destroy the solid ecological self-made blood。
Apart from reliable sources of funding, the JST uses the principles of “open, transparent, decentralised” at every point in the operational norms for repurchase destruction, each round being carried out by Grants DAO in strict compliance with the decentrization rules, and all operations are publicly carried out in the chain。
THREE ROUNDS OF CUMULATIVE DESTRUCTION OF 1,356 MILLION JST, FAR FROM SIMPLE DIGITAL PILES, IS A PROFOUND RESHAPING OF THE SUPPLY END OF TOKENS - THIS MEANS PERMANENTLY REMOVING MORE THAN 13.7 PER CENT OF THE COIN BASE FROM THE TOTAL SUPPLY OF THE JST, WHICH IS EQUIVALENT TO A DIRECT CONTRACTION OF 13.7 PER CENT. AS EACH ROUND OF DESTRUCTION LANDS, THE CIRCULATION OF JST CONTINUES TO SHRINK SHARPLY, AND THE SCARCE VALUE OF TOKENS CONTINUES TO GROW. THIS POSITIVE CHANGE IS TRANSMITTED DIRECTLY TO THE MARKET LEVEL, LEADING TO A STEADY RISE IN THE PRICE AND OVERALL MARKET VALUE OF JST TOKENS, LEADING TO A CLEAR, STRONG AND SUSTAINABLE UPWARD TREND IN VALUE。
The validity of its deflation model is also confirmed by the solid market growth performance of JST. Since October 2025, when the repurchase destruction plan was officially launched, JST has completely escaped the grip of large-scale fluctuations and emerged from a wave of self-empowerment. According to recent data from CoinGecko, the JST token currency price, which started at a low of about US$ 0.03 last October, went up, breaking through a high point of US$ 0.08, with a cumulative increase of more than 160 per cent, achieving cross-cutting growth; at the same time, its market value scale was synchronized, making a steady leap from the initial $300 million to nearly US$ 700 million, also completing a growth breakthrough of more than doubling. This bright expression of “prices” & “markets up” is not the result of short-term funding speculation, but the highest praise of capital for JST's adherence to the core logic of “real and silver deflation” and, above all, the market's high recognition of its long-term value。
TODAY, THE SCHEDULED AND SUCCESSFUL THIRD ROUND OF BUY-BACK DESTRUCTION IS AN IMPORTANT SIGN NOT ONLY OF THE MATURITY OF THE JST DEFLATION MECHANISM BUT ALSO OF JST'S “DEFLATION DIVIDEND” FORMALLY ENTERING THE ACCELERATED GOLD RELEASE CYCLE。
JST deflation driven by the two core engines of the JUST Ecology: JustLend DAO steady growth in profitability, USDD accelerated supply expansion
JST's deflation model is not an avatar, but is rooted in the real benefits of the two core pillars of the JUST ecology - the borrowing platform JustLend DAO and the Stable USDD. The central advantage of this mechanism is that the scale of destruction and the real profitability of ecological agreements are tied to hard cores: the higher the profits of agreements, the larger the amount of money repurchased, the greater the deflation。
It is important to emphasize that the “real ecological benefits” here are by no means the misappropriation of the reserve pool by the projector, let alone the creation of a left-hand-to-right account boom through the issuance of additional coins. It is derived from real business profits - both the net income earned by JustLend DAO from the core real business scenes of lending, pledge, etc., and the excess gains generated by USDD in the distribution, exchange and interest scenarios. Each share is derived from ecological own business blood, not short-term speculation or external blood transfusions。
As the well-known encryption KOL DADA had previously analysed: “JST repurchases essentially reflect the fact that the Wave Field Tron DeFi ecology has entered the `profit-paying phase' and that the agreed revenues flow directly back to the token value layer through DAO fiscal rules, forming a closed circle. The cumulative scale of buy-backs is directly linked to the agreed income, leading to a continuing contraction in the supply and demand structure of JST. This repurchase model, driven by real-use scenarios, is more certain than the design that relies heavily on `deflation expectations'.”
ACCORDING TO THE RULES OF THE OPEN MECHANISM, JST REPURCHASES ARE MAINLY FROM TWO CORE BLOCKS OF THE JUST ECOLOGY, WHICH FORM THE DUAL SUPPORT OF THE BASIC DISK + INCREMENTAL POOL:
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JustLend DAO:Core sources of funding, drawing on the Platform ' s inventory and the new quarterly net proceeds to provide stable and sustained funding for buy-back destruction
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INCREMENTAL POOL (USDD):Sources of potential growthWHEN THE UDSD MULTI-CHAIN ECOLOGICAL BREAKTHROUGH OF $10 MILLION, THE EXCESS WILL BE FULLY INTEGRATED INTO THE REPURCHASE POOL AS AN IMPORTANT INCREMENTAL COMPLEMENT TO DEFLATION MECHANISMS。
By the time of the third round of destruction, the USDD ecology had not reached the $10 million start-up threshold, and 100 per cent of the previous three JST buy-back destruction funds were derived from the true business profit feedback of JustLend DAO。
JustLend DAO, the absolute major force of JST's buyback to destroy, has demonstrated an extremely robust profitability, with three consecutive rounds of "golden and silver" plus-coded actions, demonstrating a strong commitment to deflation strategies and strong ecological power. Particularly rare is the fact that the three rounds of repurchases, which are constantly being added, take place during the next adjustment cycle of the encryption market. This “reversive growth”, which ignores the big picture, was entirely the result of a substantial increase in the quarterly net earnings of JustLend DAO, which led to an increase in repurchase strength and a much higher-than-anticipated surprise for communities and investors。
To date, JustLend DAO has repurchased JST ' s cumulative investment (including implemented and pending inputs) for destruction plans exceeding $80 million. Of this amount, approximately 60 million USDTs have been destroyed and more than 20 million USDTs remain on the books and will be steadily repurchased in subsequent quarters. A strong operational blood-building capability underpins an adequate financial reserve。
This robust and profitable base is derived from the entire chain built by JustLend DAO, the DeFi carrier-class ecological moat. As the core financial infrastructure of the Wave Tron ecology, JustLend DAO has formed a DeFi solution covering the whole scene of SBM lending, STRX mobile pledge, Energy Rental energy lease, GasFree smart wallets, and covering key aspects of asset storage, mortgage lending, chain pledge, and Gas cost optimization. The multiple and high-growth core business matrix provides a solid foundation for its continued profitability and provides for the repurchase of the source of funds “ammunition”。
At present, the overall business of JustLend DAO continues to grow steadily, and the size of users increases in step with profitability. As of April 16, the total value of the Platform ' s locks (TVL) had risen strongly to about $6.89 billion, and the number of highly sticky users of services had exceeded 480,000 and the ecological impact continued to expand。
According to the latest data on the financial page of JustLend DAO, dated 16 April, the cumulative net proceeds of the Platform exceeded $8.36 million. Of this amount, $8.075 million has been recovered and approximately $8.0.7 million (comprising three rounds of $6.02 million destroyed and $2.06 million to be destroyed) has been recovered, while approximately $2.89 million remains in reserve。
Specifically, JST's core funds for buy-back destruction come mainly from two core businesses of JustLend DAO: the SBM lending market and the stocked TRX flow nature. According to DeFiLlama, the current SBM lending market, TVL, is over $3.58 billion and is the third most stable in the global lending track in the long run, with assets on a scale greater than the fourth traditional old platform, SparkLend (formerly the MakerDao), with a significant advantage of $1.5 billion; the number of TRX pledges in Staked TRX operations is over 95.33 billion, valued at over $3 billion。
In addition to this, there are products such as the HF Energy Rental Energy Leasing Service (which can help users to save significantly on the chain Gas costs) and GasFree smart wallets (support to users to pay for the chain costs using various transfer currencies)。
If JustLend DAO is the cornerstone of JST's buyback to destroy current profits and provide a stable support for deflation mechanisms, then the stabilization currency USDD is the imminent “second growth curve”, which will inject a whole new dynamic into JST deflation。
SINCE THE BEGINNING OF 2026, USDD HAS OFFICIALLY ENTERED A PERIOD OF RAPID EXPANSION AND THE ECOLOGICAL LAYOUT CONTINUES TO INCREASE. ON APRIL 8, USDD LAUNCHED THE WBTC TREASURY AT A POUND SCALE TO SUPPORT USERS IN EMBEDDING USDD AS A HIGH-QUALITY COLLATERAL, AN INITIATIVE THAT SIGNIFICANTLY EXPANDED THE USDD MORTGAGE ASSET MAP, INCREASED ITS FINANCIAL CAPACITY AND LAID A SOLID FOUNDATION FOR ITS FURTHER EXPANSION. AS OF APRIL 16, THE TOTAL SUPPLY OF USSDD HAD BEEN STRONGLY EXCEEDED BY US$ 15.5 BILLION, THE TOTAL MARKET VALUE HAD BEEN STEADILY AT THE TOP 10 OF THE GLOBAL STABILITY TRACK, AND THE PLATFORM TVL HAD BROKEN BY US$ 2.2 BILLION, AND THE ECOLOGICAL SCALE AND IMPACT CONTINUED TO RISE。
OF EVEN GREATER CONCERN IS THAT, ACCORDING TO THE 2026 Q1 QUARTERLY UPDATE, THE SUM OF US$ 13.9 MILLION HAS ACCUMULATED IN US$. IN THE FUTURE, WITH THE RAPID GROWTH AND EXPANSION OF USDD, THE HUGE EXCESS GAINS GENERATED BY USDD WILL BE OFFICIALLY TRANSLATED INTO HUGE, INCREMENTAL CAPITAL FOR THE BUYBACK OF THE JST DESTRUCTION, INJECTING UNPRECEDENTED STRENGTH INTO THE JST DEFLATION MECHANISM, AND DRIVING THE CONTINUED GROWTH OF ITS SCARCITY AND LONG-TERM VALUE。
JUST INTERPRETS LONG-TERM CONSTRUCTION WITH ECOLOGICAL HARD POWER, JST VALUES CAPTURE INTO THE NEW AGE
By tying the value of JST tokens to the true level of development and profitability of core agreements such as JustLend DAO and USDD, JUST has achieved a high degree of synergy between ecological growth and the interests of JST token holders. As a one-stop DeFi solution in the Wave Tron ecology, the JUST business covers not only loans with JustLend DAO at their core, liquidity pledges, energy leases, GasFree, etc., but also multi-dimensional products such as the USDSD and Cross-Crypto。
A STRONG BUSINESS LAYOUT, WHICH TRANSLATES DIRECTLY INTO LEADING ECO-SCALES AND IMPACTS: THE ASSETS OF THE JUST ECOSYSTEM MANAGEMENT HAVE LONG BEEN AT THE TOP OF THE WAVE FIELD TRON ECOLOGY AND HAVE LONG OCCUPIED THE HALF-FLASH OF THE ENTIRE NETWORK OF TVL. ACCORDING TO THE OFFICIAL LATEST DATA OF 17 APRIL, THE JUST ECOLOGICAL TVL IS APPROXIMATELY $11.6 BILLION, WHILE THE TOTAL VALUE OF THE WAVE TRON-WIDE LOCKOUT IS $27.3 BILLION, THE CORE STATUS OF WHICH IS EVIDENT。
This strong ecological resilience was particularly highlighted during the industry ' s cold winter, particularly in early April, when DeFi ' s lending track was hit by earthquakes, followed by major crises: the closure of UX Chain on 1 April; the hacking of Drift on 3 April, resulting in losses exceeding $280 million; and the official suspension of Seamless Protocol on 8 April. In contrast to this, the JUST ecology has emerged from a completely negative dynamic. The core agreement, JustLend DAO, has been operating safely and safely since it went online; its profitability has been demonstrated by the actual buyback. Of even greater concern is the fact that the JustLend DAO platform still has over $20 million in inventory proceeds awaiting subsequent destruction。
It is foreseen that, with the continued development of the two core ecosystems, JustLend DAO and USDD, there will be a larger and continuous flow of real operating funds to the JST buy-back destruction pool. With the continued empowerment of a strong blood-making capacity, the deflation wheel of “eco-revenging tokens of value-resilient” will accelerate and JST's long-term value base will be consolidated, and it is hoped that a solid upward value path will emerge from the cyclical fluctuations of the encrypted marketI don't know。
