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DeFi protocol JUST shared key developments for the third quarter of 2026 and October, including the cumulative repurchase and burn of about 1,881,973,007 JST across five rounds, equal to 19.01% of the initial maximum supply.
JUST said about $118.15 million has been used in total for JST repurchases and burns. All historical profit reserves from JustLend were used for repurchases and burns, while JUST DAO upgraded the JST repurchase-and-burn mechanism in October and plans to shift future repurchases to a model backed by sustainable ecosystem revenue. Starting in the fourth quarter of 2026, the protocol plans to deploy about $20.34 million in excess funds for repurchases across four rounds while maintaining a minimum treasury safety reserve of $50 million. JustLend’s total value locked stayed above $7 billion at the end of the quarter, and GasFree recorded about 21.24 million transactions in the third quarter.