Many retail investors' first reaction after mining is to sell and cash out, treating governance tokens as one-time consumables. But if you treat JST this way, you might be missing something.

As the JustLend DAO ecosystem continues to improve, the nature of JST is quietly changing. It has evolved from a simple incentive tool to a key token for controlling the ecosystem's discourse. This transformation is not accidental but an inevitable result of the maturity of the entire DeFi governance structure.

Remember the Curve Wars? Institutions poured huge sums to bribe holders in order to gain CRV voting rights, essentially fighting for the right to influence liquidity distribution. This set of game rules is now being replayed within the ecosystem of a leading public chain, and it will become even more intense.

Imagine the future scenario: a new asset wants to enter a mainstream lending protocol, project teams seek higher mining weights, governance proposals need to be approved by voting—all of these ultimately come down to one question: who holds the voting rights?

The answer points to a group: JST holders.

This is not just a virtual sense of honor, but real ecosystem influence and profit-sharing rights. Looking ahead, a new game model is likely to emerge in the Tron ecosystem: project teams actively offer benefits and rights in exchange for your voting power, vying for traffic and ecosystem resources on lending platforms.

The market's valuation of JST is obviously still insufficient. Most people only see the deflationary expectations brought by the buyback and burn mechanism, but overlook the long-term value of governance rights themselves. The former offers visible short-term gains, while the latter is the core factor that determines the ecosystem's landscape.

So, how should you treat the JST in your hands? Hold firmly, or stake it in governance contracts to participate in voting. In the world of DAO, your governance token is your voice and your most valuable asset. Don’t wait until someone comes with heavy funds to buy your voting rights, only to regret having sold too early and voluntarily giving up the most precious part of the ecosystem.