Announcement on the Buyback & Pre-burning of the LP (JST/TRX) Token

Dear users,

To enhance the development of the JustLend DAO ecosystem, the stUSDT platform will allocate a portion of the protocol‘s revenue for the buy-back and pooling of JST and TRX tokens into the SunSwap V2’s JST/TRX liquidity pool (LP). The LP (JST/TRX) tokens obtained will be deposited into the pre-burning contract for subsequent burning.


Time of the first pre-burning: 19:48 Thursday, Jan 04, 2024 (SGT)

The amount of LP (JST/TRX) bought back and pre-burned on the first occasion is: 1.764062 (worth about $228,000).

Currently these tokens bought back and pre-burned have been deposited into the pre-burning contract:


Buyback & Pre-burning Mechanism

Buyback: The stUSDT platform will allocate a portion of the protocol‘s revenue every financial quarter for the buy-back and pooling of JST and TRX tokens into the SunSwap V2’s JST/TRX liquidity pool (LP).
Pre-burning: The LP (JST/TRX) tokens bought back will be deposited into the pre-burning contract for subsequent burning. You may view the details in Pre-burning Records.


Thank you for your support for JustLend DAO!
The JustLend DAO Team
January 05, 2023