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

Recently, the first round of large-scale "JST buyback and burn" operations of the core DeFi protocol JustLend DAO in the TRON ecosystem has been successfully completed—destroying approximately 559 million JST in one go, accounting for 5.66% of the total token supply. This strong deflationary measure has quickly attracted widespread attention in the crypto market.

Throughout the implementation of the JST buyback and burn plan, JustLend Grants DAO (referred to as Grants DAO) has not only been the core executor but will also be responsible for the regular quarterly burn operations going forward, ensuring the full-cycle implementation of the deflationary mechanism, becoming an indispensable driving force behind this strategy.

As a sub-DAO organization under JustLend DAO, Grants DAO is a community-led incentive program organization dedicated to providing solid support for projects and builders that contribute to the development of JustLend DAO and the entire JUST ecosystem through diversified means, while also building a defense line for the secure development of the ecosystem.

The functional scope of Grants DAO goes far beyond the management of ecosystem 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 market risk control, Grants DAO's reach covers all key aspects of ecosystem construction, systematically promoting the comprehensive development of JustLend DAO and the JUST ecosystem, while also ensuring that the interests of all ecosystem participants, including JST holders and liquidity providers, are maximally protected and enhanced.

Grants DAO: The Core Driver 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 of the Grants DAO organization. From the community initiating proposals and formal voting to the implementation of the first round of burns, Grants DAO has always been the core player throughout.

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

According to the burn rules, the subsequent quarterly JST buyback and burn work will also be fully operated by Grants DAO. In the first four quarters, at the beginning of each quarter, it is necessary to synchronize the burn of "the previous quarter's JustLend DAO incremental net income + 17.5% of existing revenue"; once the USDD multi-chain ecosystem revenue exceeds 10 million USD, this ecosystem will also be included in this burn mechanism.

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

Currently, the Grants DAO website has disclosed relevant data and details about the JST buyback and burn, with very transparent information, and key information is clear at a glance: including the number of tokens burned, the amount to be burned, and other key data. The burn data for each subsequent quarter will also be continuously updated on this webpage, allowing users to clearly understand the real-time progress and core data of the JST buyback and burn without additional queries, intuitively grasping the deflationary process.

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

Grants DAO Allocates Over $180 Million to the JustLend DAO Ecosystem Through the "Grants Pool"

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

As of October 29, Grants DAO's treasury has allocated over $188 million to the JustLend DAO ecosystem, fully promoting the prosperous development of the ecosystem. These funds have been precisely allocated to core areas such as energy leasing subsidies, JST buyback and burn, and market bad debt clearance, providing comprehensive support for the stable operation and efficient development of the ecosystem from multiple dimensions, including infrastructure, deflationary mechanisms, and risk control.

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 JustLend DAO ecosystem construction and JST value enhancement, making it a core booster for the development of the JustLend DAO ecosystem.

Specifically, Grants DAO pools the JUST ecosystem reserve funds and partner-supported funds together, injecting them into the Grants Pool. Then, through various channels such as user incentives, funding the ecosystem, stabilizing the market, and supporting developers, it systematically empowers all key aspects of the ecosystem. Ultimately, this allows JST holders, voters, liquidity providers, and all ecosystem participants to share in the development dividends, building a self-reinforcing, value-endogenous ecosystem of shared and circular benefits.

The funding sources of Grants DAO's Grants Pool are mainly divided into two major sections: one part comes from ecosystem reserve funds, 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, sourced from targeted donations and special support from ecosystem partners.

This "internal ecosystem self-circulation + external cooperation empowerment" dual-driven funding model fundamentally ensures that Grants DAO's funding support is by no means a "one-time investment," but rather a sustainable supply of blood for the ecosystem. Among them, the internal reserve funds are a direct reflection of JustLend DAO's ecosystem "self-blooding" capability, with the scale of funds deeply bound to the ecosystem's operational activity, forming a symbiotic relationship of "the more prosperous the ecosystem, the fuller the treasury"; while the injection of external cooperative funds not only effectively expands the treasury's scale but also builds a bridge for JustLend DAO to interact with external ecosystems, laying the foundation for future cross-scenario cooperation and ecosystem boundary expansion.

In terms of ecosystem construction, Grants DAO's funding actions precisely target the core needs of the ecosystem, covering a wide range of scenarios from user incentives, developer support, market risk prevention, to ecosystem scenario expansion, with each funding corresponding to clear ecosystem value enhancement goals.

As of now, Grants DAO has allocated approximately $188 million to support the development of the JustLend DAO ecosystem. Specifically, this includes: in terms of user incentives, Grants DAO has launched multiple incentive programs, including SBM mining rewards and 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 burned has reached approximately $17.98 million (including the recent $17.72 million burned + $260,000 to be burned from the RAW product stUSDT allocation in February 2024), with approximately $41.38 million still to be burned; in terms of market safety maintenance, Grants DAO has handled bad debts valued at over $1.1 million.

If this JST buyback and burn is the "visible action" widely recognized for Grants DAO, then the cumulative ecosystem funding of over $188 million is the "invisible cornerstone" supporting the long-term development of JustLend DAO, providing sustained and strong momentum for its past prosperous growth.

Thus, it is evident that the value of Grants DAO goes far beyond being merely the "ammunition depot" for the JST buyback and burn plan; it is also the core "fuel" that propels the JustLend DAO ecosystem from "basic functionality implementation" to "diverse scenario expansion," providing core power for the ecosystem's advanced development.

Grants DAO Empowers the Development of the JustLend DAO Ecosystem and JST Value Growth in All Dimensions

Grants DAO is not only the manager of ecosystem 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 around user incentives, ecosystem prosperity, market stability, and developer support, promoting the JustLend DAO ecosystem's progression from "stable operation" to "autonomous prosperity," while simultaneously aiding in the growth of JST value.

In terms of user incentives, Grants DAO has launched multiple precise incentive programs covering various user participation scenarios, including SBM mining rewards (for supplying USDD on JustLend DAO, users can earn not only basic interest but also additional mining rewards); energy leasing transaction gas fee subsidies (the platform will cover up to 90% of the on-chain energy transaction fees when users use JustLend DAO's energy leasing services); as well as JST token mining subsidies. In the future, Grants DAO plans to launch more community-driven activities, allowing users to upgrade from "ecosystem users" to "ecosystem co-builders," sharing in the development dividends.

In terms of ecosystem empowerment, Grants DAO strengthens the scarcity of JST tokens through the "buyback and burn" mechanism, thereby promoting token value enhancement, effectively benefiting all ecosystem users. As of October 29, Grants DAO has initiated two buyback actions, cumulatively burning assets valued at over $17.98 million.

• First (February 2024): Part of the revenue from the TRON ecosystem's RWA product stUSDT was used to buy back JST and TRX tokens, burning a value of $260,000;
• This round: Establishing a long-term JST buyback and burn plan in the JustLend DAO and USDD multi-chain ecosystem, extracting over $59 million from JustLend DAO's existing revenue, with the first round completing a 30% burn, and approximately $41.38 million to be executed in phases. In the future, Grants DAO will also launch more community-led buyback and burn plans.

In maintaining market stability, Grants DAO has established a dedicated market monitoring mechanism for JustLend DAO, tracking key indicators such as lending rates, bad debt rates, and token prices in real-time. In the event of abnormal fluctuations, Grants DAO can quickly initiate response measures and promptly clear outdated or potentially risky assets to minimize losses, ensuring the stability and healthy development of the market. This "proactive defense" market stability mechanism has allowed JustLend DAO to remain robust even after experiencing multiple extreme conditions in the crypto market, with no service interruptions 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 and participate in the growth of the decentralized ecosystem; on the other hand, through a bug bounty program, encouraging community members to report any errors or vulnerabilities to enhance protocol security. Additionally, Grants DAO will organize events such as "developer hackathons" and "ecosystem cooperation summits" to provide platforms for developers to communicate and collaborate. 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 safety to promoting overall ecosystem value enhancement, Grants DAO is systematically and multidimensionally driving the healthy development of the JustLend DAO ecosystem and the steady growth of JST token value. This comprehensive 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 by "executing burns" or "distributing grants." It acts as an "ecosystem blood-making machine," relying on the solid foundation of the entire JUST ecosystem and the strong support of the world's largest stablecoin network, TRON, continuously supplying funds through the pool, enabling JustLend DAO to possess the ability for "long-term combat" in the fiercely competitive DeFi market. At the same time, it is also an "ecosystem value connector," cleverly linking all ecosystem participants, including users, developers, and partners, allowing everyone's contributions to be transformed into ecosystem value, and feeding back to participants through deflationary mechanisms and incentive measures; additionally, it serves as a "decentralized incubator," promoting decentralized governance of the ecosystem through community decision-making.

In the future, as more empowerment plans from Grants DAO are implemented (such as USDD multi-chain ecosystem 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, supplier, and empowerer," driving the ecosystem towards a higher quality stage of autonomy.