DAO
Community Vote on Fate of Unclaimed JUP Tokens
Saturday. September 28 at 5:30 PM
1 min. readJupiter, a decentralized exchange aggregator on Solana, has initiated a community vote to determine the destiny of 215 million unclaimed JUP tokens. These tokens, originally designated for the platform's 'Jupuary' airdrop and staking rewards, remained unclaimed or were from compromised wallets. The vote, which began on September 27, stems from a proposal by the Jupiter team, led by developer Weremeow, as part of the J4J initiative to enhance certainty, alignment, and transparency among JUP holders. This proposal marks the second phase of the J4J initiative, following the successful implementation of the first proposal in August. The current proposal offers options to either extend the Active Staking Rewards program, burn the tokens to reduce supply, or return them to a community-managed wallet for future decisions. The community can participate in the voting process at vote.jup.ag to shape the future of Jupiter's governance and promote transparency.