Jupiter LFG Launchpad first round of voting opens, collect this participation guide
Jupiter DAO’s first round of LFG Launchpad voting
About Jupiter LFG Launchpad
Jupiter DAO plans to launch its first-ever voting to select two projects as candidates for the LFG Launchpad and allow these two projects to issue their tokens on the platform. This critical decision-making process will begin at 10 a.m. EST on March 7 and last 72 hours.
LFG Launchpad’s 4-step process
1. Jupresear.ch forum post (completed)
2. Candidate introduction (completed)
3. DAO voting: Starts at 10 a.m. EST on March 7 (open for 72 hours)
4. Release: After voting, the working group will coordinate with approved projects and the Jupiter team to set their release dates.
Voter Incentives: 100 million JUP tokens and 75% of Launchpad fees will be allocated to governance incentives, which will be distributed quarterly.
Understand the voting process
It is important for participating voters to understand the voting process. The guidance involves locking JUP tokens to gain voting rights, voting on proposals and LFG candidate projects, and unlocking the tokens after 30 days with gradually decreasing voting rights. It’s worth noting that there are no minimum requirements to lock up tokens, ensuring everyone can participate. Additionally, voting rewards will be provided for all proposals and votes, with more details on rewards to be announced soon.
Top 3 potential candidates
This ranking is determined based on an assessment of potential impact on the Solana ecosystem, taking into account factors including innovation, community support, and overall contribution to the growth and development of the platform.
1、Zeus Network：Cross-chain communication layer
describe:Zeus Network acts as a secure verification link, facilitating permissionless communication between Solana and the Bitcoin ecosystem.
Function:Integrating Bitcoin liquidity into Solanas high-performance blockchain, Zeus Network facilitates decentralized cross-chain communication and has the potential to bring billions of dollars of liquidity to the Solana ecosystem.
LFG Launchpad Proposal:https://www.jupresear.ch/t/lfg-launchpad-introduction-bitcoin-zeus-network-solana/5357
2. SharkyFi: NFT mortgage lending agreement
describe:SharkyFi provides a unique platform where users can lend against NFTs in their personal collections.
Function:Through SharkyFi, holders have the flexibility to instantly borrow the NFT of their choice, earn rewards as a lender, and gain instant liquidity as a borrower.
LFG Launchpad Proposal:https://www.jupresear.ch/t/sharky-1-nft-lending-protocol-shark-application-for-lfg/5440
3. UpRock: DePIN for idle Internet
describe:UpRock operates as a decentralized physical infrastructure (DePIN) network focused on leveraging data intelligence.
Function:Through UpRock, users have the opportunity to share their idle Internet resources and contribute to a collective data intelligence ecosystem, while receiving UPT tokens in return.
LFG Launchpad Proposal:https://www.jupresear.ch/t/introducing-uprock-depin-for-ai-share-your-idle-internet-and-earn-upt/5338
For details on other projects, see:
How to vote?
1.Go to the link:https://vote.jup.ag/；
2. Connect wallet;
3. Add JUP as a voting right;
4. Select and vote for the project.
What are the rules?
1. Holders will lock JUP to vote for LFG candidate projects or proposals. You can unlock it at any time, but it requires a 30-day unlocking period;
2. There is no minimum token requirement for voting;
3. Each wallet can only vote for one project.
Related reference information:
