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Tokenomics

The term tokenomics encompasses a wide range of concepts that defines the science and behavior of blockchain economies. In simple terms, tokenomics are the financial foundation of blockchains. Each protocol has its unique economic model, and for the protocol's healthy and enduring development, the economic model should include design, distribution, and management of tokens, as well as the incentives and mechanisms that drive their value and utilization.

The JustLend tokenomics is designed to promote a healthy, long term self-sustaining economy with participant incentives aligned to the security and decentralization of the network. The main participants in this economy are suppliers, borrowers and clients who stakes TRX or USDT. The protocol revenue from users will be used to optimize income distribution and cater to the protocol's present and future needs.


JST Overview

JST is the core governance token of JUST and JustLend DAO. It empowers holders to participate in protocol governance, including parameter adjustments and other key protocol decisions.

Issued on the TRON network, JST is a TRC-20 token with a maximum supply of 9,900,000,000 JST. As the buyback and burn program continues, the actual circulating supply will decrease in proportion to the cumulative amount of JST burned.

Item Description
Token Ticker JST
Network TRON
Token Standard TRC-20
Initial Maximum Supply 9,900,000,000 JST
Token Contract TCFLL5dx5ZJdKnWuesXxi1VPwjLVmWZZy9

revenue distribution

revenue distribution


Token Utility

JustLend DAO grants governance rights to JST holders. As detailed in the Governance section, holders can lock JST to obtain voting rights and participate in the submission, discussion, and voting process for JustLend Improvement Proposals (JIPs).

JST governance covers key matters affecting the operation and long-term development of JustLend DAO, including but not limited to:

  • Protocol Deployment: Supported assets and asset listings.
  • Core Parameters: Collateral factor, reserve factor, and interest rate models.
  • Risk Management: Oracle configuration, risk parameters, and the use of protocol reserves.
  • Ecosystem Growth: Incentives, buyback and burn rules, and other major protocol matters.


Buyback and Burn Program

The JST buyback and burn program is an integral part of the updated JST tokenomics. Eligible protocol revenue and JUST ecosystem revenue will be used to buy back JST from the open market, which will then be sent to a burn address, permanently removing it from circulation. Instead of directly distributing protocol revenue to JST holders, JustLend DAO uses the buyback and burn mechanism to connect sustainable revenue from the protocol and ecosystem with the long-term management of JST's supply.

Token buybacks are primarily funded by the net revenue of the JustLend DAO protocol. 30% of the platform's accrued revenue was allocated to the initial buyback and burn, while the remaining 70% will be released and executed quarterly throughout 2026. Funds not immediately deployed for buybacks will be temporarily deposited into JustLend DAO SBM's USDT market to generate yield, which will then be funneled into future JST buybacks. Beyond the accumulated revenue, the program also captures newly generated net revenue from JustLend DAO. New net revenue generated each quarter will be used for JST buybacks at the beginning of the following quarter. Consequently, the quarterly buyback pool typically consists of the previous quarter's new net revenue combined with the accumulated reserves released for that period.

As the JUST ecosystem expands its revenue streams, multi-chain revenue from USDD will also be used to back the program; specifically, any USDD ecosystem revenue exceeding $10 million—after covering TRON DAO mining subsidies—will be funneled into JST buybacks. Looking ahead, other eligible revenues from JustLend DAO and the broader JUST ecosystem will also be integrated into the program. All updates to funding sources, inclusion criteria, and reserve allocations must be approved via governance proposals and executed in accordance with official disclosures and on-chain records.


Transparency and Buyback & Burn Records

The JST buyback and burn program is executed by the JustLend Grants DAO. Operating as a community-driven incentive within the JustLend DAO ecosystem, the Grants DAO focuses on accelerating ecosystem growth, expanding token utility, and ensuring healthy market dynamics.

All buyback and burn records are disclosed through official channels and on-chain logs. Users can track progress in real time via the Transparency dashboard.

The officially disclosed JST buyback and burn data is detailed below:

Round Amount Burned
Round 1 559,890,753 JST
Round 2 525,000,000 JST
Round 3 271,337,579 JST

revenue distribution