JUST

JustLend DAO is built on the Compound V2 architecture, with public contracts for markets, risk control, interest rate models, a price oracle and governance. It runs a lending market, sTRX liquid staking and a TRON Energy rental market. TRON founder Justin Sun publicly backed JUST at launch in April 2020. Data on the named core team and release cadence is insufficient; the project is closely tied to the TRON ecosystem.

• JustLend DAO docs
• justlend/justlend-protocol (GitHub)
• Poloniex Enters Controversial IEO Space With Tron-Only Platform (Cointelegraph)

JST was first distributed through Poloniex LaunchBase in April 2020, where all 396 million JST offered were taken up for TRX in one session; Justin Sun was among the investors who acquired Poloniex in 2019. Data on funds, exchange-traded products or regulated holders is insufficient. Tronscan counted about 441,900 holder addresses on 27 September 2026, but the share held by the largest addresses is not itemised. Proposing a governance change needs at least 200 million JST, which favours large holders. The SEC case against Justin Sun and Tron entities, which did not name JST, reached a proposed final judgment in March 2026 that still needs court approval: a $10 million penalty for Rainberry, with the other claims dismissed.

• Poloniex Completes JUST Token Sale and Will Open Trading For JST (Poloniex)
• Tronscan API: JUST (JST) TRC-20 token
• JustLend DAO docs: JIPs (governance)
• SEC Litigation Release No. 26496

Maximum supply is 9.9 billion JST. Since October 2025 JustLend net revenue and USDD revenue above $10 million fund token repurchases that are burned. The docs list three burns of about 559.9 million, 525 million and 271.3 million JST; crypto.news put cumulative burns at 1.356 billion JST after the third round on 16 April 2026. A fourth burn of about 355 million JST in July 2026 is reported only by secondary sources, one sponsored by JustLend DAO. CoinGecko shows about 8.19 billion JST in supply, but the contract's own total supply is about 9.79 billion, reflecting only the USDJ stability-fee burn. Unspent repurchase funds are kept in JustLend's USDT market.

• JustLend DAO docs: Tokenomics
• Proposal on JST repurchase and burn program (JustLend DAO forum)
• JustLend DAO takes JST burn to 13.7% of supply with $21.3m Q1 destroy (crypto.news)
• CoinGecko API: JUST (just)

DefiLlama showed JustLend TVL of about $7.18 billion and borrowed balances of about $204 million on 27 September 2026, all on TRON. Fees from borrower interest and Energy Rental were about $12.85 million over the year, and protocol revenue about $518,000. Most deposits are not borrowed, so the large TVL produces modest income. The protocol runs on one chain only.

• DefiLlama API: JustLend protocol
• DefiLlama: JustLend fees
• DefiLlama: JustLend revenue