Jupiter, a decentralized exchange aggregator on the Solana blockchain, has initiated a community vote to determine the fate of 215 million unclaimed JUP tokens. The voting process, which started on September 27 and ends on October 1, gives token holders three options to choose from:
- Funding the Active Staking Rewards (ASR) program: This option would extend the ASR program, distributing the unclaimed tokens to reward holders for participating in Jupiter’s governance activities over the course of the next year.
- Burning the tokens: This would permanently remove the tokens from circulation, reducing the supply by approximately 13%, which could potentially increase the value of the remaining tokens.
- Returning the tokens to a multisig wallet: This option would allow the community to decide on future uses for the tokens, ensuring flexibility for potential needs or projects
The vote is part of Jupiter’s “J4J” initiative, which aims to promote transparency and alignment among JUP holders. Jupiter’s community-driven approach is designed to engage its users in the governance process and foster long-term value creation for the ecosystem.