Jupiter's joint venture proposal for '2030 lock-in' has opened for voting, and if passed, its JUP holdings will increase to 7% of total supply after 5 years

PANews
PANews|Mar 07, 2025 06:08
The "2030 Lock in" proposal proposed by Jupiter co-founder Meow is now open for voting, with three options: 1. Agree, Meow will provide 280 million JUPs in advance and lock them in until 2030 in exchange for 220 million JUP rewards. 2. Disagree, 280 million JUPs come from the team's strategic reserves, and Meow's JUPs are scheduled to be unlocked in June 2026. 3. Abstention. If option 1 passes but the community deems it not worth it, they can exercise veto power and adjust or cancel the reward. According to Meow, Jupiter's new team members have been allocated approximately 280 million JUPs (with a 3-4 year attribution period), initially planned to release the required JUPs from the team's strategic reserves. Now, Meow plans to provide these tokens in advance with its entire JUP allocation (283 million after deducting 30%), and take this opportunity to gain strong support from DAO and the community, locking them in for another 5 years. In return, it can request rewards of 220 million JUPs in 2030. Meow said, "I hope to have more ownership in the protocol I created and built from scratch. With 220 million JUP rewards from the community reserve, plus the 280 million JUPs I will own, I will have 500 million JUPs by 2030. This is equivalent to 7% of the current total supply. Considering that I created Jupiter from scratch, went through more than 4 years of countless twists and turns to get it to where it is today, and promised to lock it in for 5 years, if Jupiter continues to perform well during this period, I don't think 7% is much
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