Overview of Jupiter Token Voting
Jupiter has initiated a voting process for the 215 million unclaimed JUP tokens from the Jupuary airdrop on Solana’s decentralized exchange aggregator. The community has three options to decide the fate of these tokens – putting them into an active staking rewards program, burning them, or returning them to a community multisig wallet.
Proposal Outlines for Unused Tokens
Following a proposal by the DEX aggregator’s lead developer, the team is seeking approval to utilize the excess JUP tokens in an active staking rewards program for one year. This initiative aims to reward JUP holders for participating in community and DAO voting, potentially benefiting the asset’s value in the long run.
JUP Allocation for ASR
If the community approves the use of 215 million JUP in the active staking rewards program, it will further boost the ASR mechanism. This program rewards participants in Jupiter’s governance with JUP tokens, with an initial allocation and scheduled distributions to incentivize community engagement and participation.
