Jupiter's First Launchpad Vote: Which Projects Are Worth Watching? (With Participation Guide)
TechFlow Selected TechFlow Selected
Jupiter's First Launchpad Vote: Which Projects Are Worth Watching? (With Participation Guide)
The Zeus Network acts as a secure validation bridge, enabling permissionless communication between the Solana and Bitcoin ecosystems.
Navigating Web3 tides with focused insightsAuthor: JUP
Translation: TechFlow
Jupiter DAO is set to launch its first-ever vote to select the first two projects for the LFG launchpad platform. The chosen projects will be able to launch their tokens on this platform. This critical decision-making process begins at 10:00 AM Eastern Time on March 7 and will last for 72 hours.
The 4-Step Process of the LFG Launchpad
-
Jupresear.ch Forum Post (Completed)
-
Candidate Project Introductions (Completed)
-
DAO Vote: 10:00 AM Eastern Time, March 7 (72-hour duration)
-
Launch: After voting concludes, the working group will coordinate with approved projects and the Jupiter team to finalize their launch dates.
Voter Incentives
-
$100 million in JUP and 75% of the launchpad fees will be allocated to governance incentives. Rewards will be distributed quarterly.
Understanding the Vote
As voters engage, it's essential to understand how the voting process works. It involves locking JUP tokens to gain voting power, casting votes for proposals and LFG candidate projects, and unlocking tokens after 30 days, during which voting power gradually decreases. Notably, there is no minimum token requirement for locking, ensuring everyone can participate. Additionally, all proposals and votes will come with voting rewards, with further details on rewards to be announced soon.
Top Three Potential Candidate Projects
This ranking is based on potential impact on the Solana ecosystem, considering factors such as innovation, community support, and overall contribution to platform growth and development.
-
Zeus Network: Interoperability Layer
-
Description: Zeus Network acts as a secure validator bridge enabling permissionless communication between the Solana and Bitcoin ecosystems.
-
Functionality: By integrating Bitcoin’s liquidity into Solana’s high-performance blockchain, Zeus Network facilitates decentralized cross-chain communication and has the potential to bring billions in liquidity to the Solana ecosystem.
-
SharkyFi: NFT Lending Protocol
-
Description: SharkyFi provides a unique platform where users can lend against NFTs from curated collections.
-
Functionality: With SharkyFi, holders can flexibly borrow instantly against their chosen NFTs, earn rewards as lenders, and gain immediate liquidity as borrowers.
-
UpRock: DePIN for Idle Internet
-
Description: UpRock operates as a decentralized physical infrastructure network (DePIN), specializing in harnessing data intelligence.
-
Functionality: Through UpRock, users have the opportunity to share their idle internet resources, contribute to a collective data intelligence ecosystem, and earn $UPT tokens in return.
Click here for other projects.
Candidate Projects
How to Vote?
-
Visit: https://vote.jup.ag/
-
Connect your wallet
-
Add JUP as voting power
-
Select and vote for a project
Voting Rules
-
Holders will lock JUP tokens to vote for LFG candidate projects or proposals. You can unlock at any time, but it takes 30 days to complete.
-
There is no minimum token requirement to vote.
-
Each wallet can vote for only 1 project.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
