Jupiter's vote on "reducing the future net token release to zero" officially ended today at 19:00, with the community ultimately passing the proposal with 75% support. Previously, Jupiter initiated a new proposal to reduce the net release of JUP to zero in the foreseeable future. The proposal mainly targets the three current major sources of JUP release — Jupuary airdrop, team share unlock, and Mercurial quota unlock. The specific details are as follows: First, indefinitely postpone the Jupuary airdrop, returning all 700 million JUP to the community multisig cold wallet for future use. The usage and staking snapshots at the current time will be retained. When the market environment, token status, and market sentiment are more suitable, this matter will be renegotiated with the DAO. Second, indefinitely suspend token releases to team members. As an alternative, team members will receive JUP in the form of claims on Jupiter's balance sheet — if any member wishes to sell their allocated tokens, Jupiter's balance sheet will directly buy them. This move will further strengthen JUP reserves and demonstrate the team's commitment to the future of the JUP token. Third, fully hedge the selling pressure from Mercurial stakeholders by accelerating their unlocking process and purchasing an equivalent amount of tokens through Jupiter's own balance sheet to absorb any impact caused by potential token sales.
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