Jupiter's vote on "reducing JUP net releases to zero" has passed, and the Jupuary airdrop will be indefinitely postponed

Odaily News Jupiter's vote on "reducing future token net releases to zero" officially concluded today at 19:00, with the community ultimately passing the proposal with 75% support.

Previously, Jupiter initiated a new proposal aiming to reduce JUP net releases to zero for the foreseeable future. The proposal primarily addresses the three current major sources of JUP releases — the Jupuary airdrop, team allocation unlocks, and Mercurial quota unlocks, as follows:

First, indefinitely postpone the Jupuary airdrop, returning all 700 million JUP tokens to the community multi-signature cold wallet for future use. The usage amount and staking snapshot at the current time point will be preserved. When market conditions, token status, and market sentiment become more suitable, this matter will be re-discussed with the DAO.

Second, indefinitely suspend token releases to team members. As an alternative, team members will receive JUP in the form of Jupiter balance sheet claims — if any member wishes to sell their allocated tokens, Jupiter's balance sheet will directly purchase them. This move will further strengthen JUP reserves while demonstrating the team's commitment to the future of the JUP token.

Third, fully hedge against selling pressure from Mercurial stakeholders by accelerating their unlock process and purchasing an equivalent amount of tokens through Jupiter's own balance sheet to absorb any impact from potential token sales.