Grants DAO has allocated over 180 million USD in total, fully supporting the prosperity of the JustLend DAO ecosystem and the enhancement of JST value.

Recently, the first round of large-scale destruction operation for the “JST repurchase and destruction” of the core DeFi protocol JustLend DAO in the TRON ecosystem has been successfully completed—destroying approximately 559 million JST at once, accounting for 5.66% of the total token supply. This powerful deflationary measure has quickly attracted widespread attention in the crypto market.

During the implementation of the entire JST buyback and burn plan, JustLend Grants DAO (referred to as Grants DAO) is not only the core executor but will also be responsible for the regular burn operations for each subsequent quarter, ensuring the full cycle implementation of the deflationary mechanism and becoming an indispensable driving force for this strategy.

As a sub-DAO organization under JustLend DAO, Grants DAO is a community-led incentive program organization dedicated to providing solid support in a diversified manner for projects and builders who contribute to the development of JustLend DAO and the entire JUST ecosystem, while also being responsible for building a defense line for the safe development of the ecosystem.

The functions of Grants DAO go far beyond the management of the ecological treasury funds; it is also the core engine driving the development of the JustLend DAO ecosystem and the value growth of JST. From resource support and developer incentives to meticulous control of market risks, the reach of Grants DAO covers all key aspects of ecological construction. While systematically promoting the comprehensive development of JustLend DAO and the JUST ecosystem, it also ensures that the interests of all ecosystem participants, including JST holders and liquidity providers, are maximally protected and enhanced.

Grants DAO: The Core Promoter and Executor Behind the JST Buyback and Burn Plan

In fact, the entire process of this round of JST buyback and burn cannot be separated from the promotion and execution by the Grants DAO organization. From the community initiating proposals, formal voting, to the first round of destruction being implemented, and then to the regular execution every quarter thereafter, the Grants DAO has always been the core role throughout.

In this round of the JST buyback and burn plan, Grants DAO first extracted over 59 million USDT from the existing收益 of JustLend DAO, then burned 30% of the existing收益 from the first round, equivalent to approximately 559 million JST, accounting for 5.66% of the total Token supply; the remaining 70% of the existing收益 will be burned in batches over the next four quarters and has now been deposited into the SBM USDT lending market to earn interest, with subsequent收益 also used for the buyback and burn of JST.

According to the destruction rules, the subsequent quarterly JST repurchase and destruction work will also be fully operated by Grants DAO. In the first four quarters, at the beginning of each quarter, 17.5% of the “net incremental income of the previous quarter JustLend DAO + existing income” needs to be destroyed synchronously; after the USDD multi-chain ecosystem income exceeds 10 million US dollars, this ecosystem will also be included in this destruction mechanism.

It can be said that behind the series of intricate economic operations of the JST buyback and burn, Grants DAO is not only the core executing entity throughout but also a key booster driving the continuous development of the JustLend DAO ecosystem. Through this buyback and burn plan, Grants DAO has transitioned from a behind-the-scenes executor and promoter to a key role familiar to users, and it has now become an important pillar in the value construction of the JustLend DAO ecosystem.

Currently, the Grants DAO webpage has disclosed relevant data and details regarding the JST buyback and burn, with very transparent information and key details that are clear at a glance: including the number of tokens that have been burned, the amount to be burned, and other key data. Subsequent quarterly burn data will also be continuously updated on this webpage, allowing users to easily understand the real-time progress and core data of the JST buyback and burn without the need for additional queries, intuitively grasping the deflation process.

In addition, on October 29, the JustLend DAO website added a “Transparency” page, disclosing its financial data status, profit distribution situation, and the implementation progress of the JST buyback and burn plan.

Grants DAO allocates funds from the ecological treasury through the “grant pool”, distributing over $180 million to the JustLend DAO ecosystem.

For GrantsDAO, executing the JST buyback and burn is just one of its many core functions. As an incentive organization and core institution for ecological empowerment led by the JustLend DAO community, Grants DAO's core mission is to provide comprehensive support to developers, contributors, and all ecological construction projects, while also striving to maintain the stability and prosperity of the market.

As of October 29, the Grants DAO treasury has allocated more than $188 million to the JustLend DAO ecosystem, fully supporting the prosperous development of the ecosystem. These funds have been precisely allocated to core areas such as energy leasing subsidies, JST buybacks and burns, and market bad debt clearance, providing comprehensive protection for the stable operation and efficient development of the ecosystem from multiple dimensions including infrastructure, deflationary mechanisms, and risk management.

Grants DAO relies on its core mechanism - the Grants Pool, to achieve flexible allocation and efficient circulation of ecosystem treasury funds, providing comprehensive empowerment for the JustLend DAO ecological construction and JST value enhancement, making it a core catalyst for the development of the JustLend DAO ecosystem.

Specifically, the Grants DAO will pool the JUST ecological reserve funds with funds supported by partners, collectively injecting them into the Grants Pool, a financial reservoir. Then, through various channels such as user incentives, funding the ecosystem, stabilizing the market, and supporting developers, systematic empowerment will be carried out on each key link of the ecosystem. Ultimately, it allows all ecological participants, such as JST holders, voters, and liquidity providers, to share in the development dividends, building a self-reinforcing, value-internalizing ecosystem of shared and circular benefits.

The Grants Pool of Grants DAO is mainly funded from two major sources: one part comes from the ecological reserve fund, including the self-accumulation of the JUST ecosystem, stablecoin reserves, and part of the interest paid by borrowers; the other part comes from partner funds, which include targeted donations and special support from ecosystem partners through various channels.

This dual-driven funding model of “internal ecological self-circulation + external cooperation empowerment” fundamentally ensures that the funding support of Grants DAO is by no means a “one-time investment,” but a sustainable ecological blood supply. Among them, the internal reserve fund directly reflects JustLend DAO's ecological “self-blooding” ability, with its funding scale deeply tied to the activity level of the ecology, forming a symbiotic relationship of “the more prosperous the ecology, the more abundant the treasury”; while the injection of external cooperative funds not only effectively expands the treasury size but also builds a bridge for JustLend DAO to interact with the external ecology, laying a foundation for subsequent cross-scenario cooperation and ecological boundary expansion.

In terms of ecological construction, the funding actions of Grants DAO precisely anchor the core needs of the ecology, covering a wide range of scenarios from user incentives, developer support, market risk control, to the expansion of ecosystem scenarios. Each funding corresponds to a clear ecological value enhancement goal.

As of now, Grants DAO has allocated approximately $188 million to support the development of the JustLend DAO ecosystem. Specifically, it includes: in terms of user incentives, Grants DAO has launched multiple incentive programs including SBM mining rewards, energy leasing Gas subsidies, with a total allocation of approximately $128 million; in terms of ecosystem development, the total value of JST-related assets that Grants DAO has destroyed has reached approximately $17.98 million (including the recent destruction of $17.72 million + the $260,000 allocated for the destruction of stUSDT from the RAW product in February 2024), and there is still approximately $41.38 million pending destruction; in terms of market security maintenance, the bad debts processed by Grants DAO have exceeded $1.1 million.

If the recent JST buyback and burn is the well-known “explicit action” of Grants DAO, then the accumulated ecological funding of over $188 million is the “implicit cornerstone” supporting the long-term development of JustLend DAO, providing sustained and strong momentum for its past prosperous growth.

It can be seen that the value of Grants DAO goes far beyond being the “ammunition reserve” for the JST buyback and burn plan; it is the core “starting fuel” that drives the JustLend DAO ecosystem from “basic functionality landing” to “diverse scenario expansion,” providing core power for the advanced development of the ecosystem.

Grants DAO empowers the overall development of the JustLend DAO ecosystem and the growth of JST value.

Grants DAO is not only the manager of the ecological treasury funds but also the core hub for resource allocation and strategic development within the JustLend DAO ecosystem. It has built a comprehensive support system focused on user incentives, ecosystem prosperity, market stability, and developer support, promoting the evolution of the JustLend DAO ecosystem from “stable operation” to “autonomous prosperity,” while simultaneously aiding in the growth of JST value.

In terms of user incentives, Grants DAO has launched several targeted incentive programs covering various user participation scenarios, including SBM mining rewards ( such as supplying USDD on JustLend DAO, which not only earns basic interest but also additional mining rewards ); energy leasing transaction gas fee subsidies (when users utilize JustLend DAO's energy leasing service, the platform will cover up to 90% of the on-chain energy transaction fee subsidies); as well as JST Token mining subsidies. In the future, Grants DAO also plans to launch more community-driven activities to upgrade users from “ecological users” to “ecological co-builders” and share the development dividends.

In terms of empowering the ecosystem, Grants DAO strengthens the scarcity of JST tokens through the “buyback and burn” mechanism, thereby promoting the value of the tokens and genuinely benefiting all ecosystem users. As of October 29, Grants DAO has initiated 2 buyback actions, with a total asset value of over $17.98 million burned.

· First time (February 2024): Part of the revenue from the RWA product stUSDT of the TRON ecosystem will be used to repurchase JST and TRX tokens, destroying a value of $260,000;

· This round: A long-term JST buyback and burn plan will be established in the JustLend DAO and USDD multi-chain ecosystem, extracting over $59 million from the existing revenue of JustLend DAO. The first round has completed a 30% burn, and the remaining approximately $41.38 million will be executed in phases. In the future, Grants DAO will also launch more community-led buyback and burn programs.

To maintain market stability, Grants DAO has established a dedicated JustLend DAO market monitoring mechanism that tracks key indicators such as lending rates, bad debt rates, and Token prices in real-time. Once abnormal fluctuations occur, Grants DAO can quickly initiate response measures and timely clear outdated or potentially risky assets to minimize losses and ensure the stability and healthy development of the market. This “proactive defense” market stability mechanism allows JustLend DAO to remain robust even after experiencing extreme conditions in the crypto market, and to date, there has been no service interruption or large-scale user losses due to market fluctuations.

In terms of developer support, Grants DAO has built a comprehensive empowerment system of “funding + resources + incentives”, mainly including two categories: on one hand, encouraging developers to build DeFi applications and tools based on the JustLend DAO protocol, participating in the growth of the decentralized ecosystem; on the other hand, encouraging community members to report any errors or vulnerabilities through a bug bounty program to enhance protocol security. In addition, Grants DAO will also organize activities such as “Developer Hackathons” and “Ecosystem Cooperation Summits” to provide a platform for communication and collaboration for developers. This comprehensive support for developers promotes technological innovation and progress, becoming the “core driving force” for the expansion of the JustLend DAO ecosystem, while also providing strong guarantees for the security and stability of the entire ecosystem.

From incentivizing community users to supporting developers, from maintaining market security to promoting overall ecological value enhancement, Grants DAO is comprehensively boosting the healthy development of the JustLend DAO ecosystem and the steady growth of JST Token value in a multidimensional and systematic way. This all-encompassing layout and long-term strategy will lay a solid foundation for the prosperous development of JustLend DAO.

For the JustLend DAO ecosystem, the value of Grants DAO goes far beyond what can be summarized as “executing destruction” or “issuing grants.” It serves as an “ecosystem blood generator,” relying on the solid foundation of the entire JUST ecosystem and the strong support of the world’s largest stablecoin network, TRON. Through the continuous funding of the capital pool, it enables JustLend DAO to possess the ability for “long-term operations” in the competitive DeFi market. At the same time, it acts as an “ecosystem value connector,” cleverly linking all ecosystem participants, including users, developers, and partners, closely together, allowing everyone’s contributions to be converted into ecosystem value, and feeding back to participants through deflationary mechanisms and incentive measures. In addition, it is also an “autonomous incubator” that promotes decentralized autonomy of the ecosystem through community decision-making.

In the future, with the implementation of more empowerment programs by Grants DAO (such as USDD multi-chain ecological mining rewards, cross-chain DeFi tool development support, etc.), the boundaries of the JustLend DAO ecosystem will further expand, and Grants DAO will continue to play multiple roles as “executor, provider, and enabler” to promote the ecosystem towards a higher quality stage of autonomy.