JUST Revamps JST Buyback-and-Burn, Deploying $20.34M in Surplus Funds

JUST, the DeFi infrastructure platform built on TRON, rolled out an upgraded buyback-and-burn mechanism for JST, its native governance token, on October 24, Golden Finance reported. The funding base has widened from JustLend and USDD to three pillars: JustLend, USDD and GasFree. GasFree, TRON's native gas-free solution, had processed more than $157.1 billion in stablecoin transfers across over 9.14 million transactions and served more than 500,000 addresses as of October 23, generating roughly $12.03 million in cumulative revenue between its March 2025 launch and Q3 2026. The redesigned mechanism sets a $50 million minimum long-term funding floor. Any protocol funds beyond that threshold are channeled entirely into JST buybacks. A first tranche of about $20.34 million, made up of GasFree's cumulative earnings and the surplus above the safety floor, has been unlocked and will be injected through four installments starting in Q4 2026. Execution now rests with the unified JUST DAO, which applies a "continuous buyback, periodic burn" approach; every operation is fully verifiable on-chain. JUST's total value locked stands at roughly $12.2 billion, with JustLend TVL above $7.13 billion. The fifth buyback-and-burn round was completed on October 16, closing out Phase One.