TechFlow News: On February 22, Jupiter’s governance vote on the proposal titled “Reducing Future Net Token Releases to Zero” officially concluded at 19:00 UTC. The community approved the proposal with 75% support.
Earlier, Jupiter launched a new proposal aiming to reduce JUP’s net token releases to zero for the foreseeable future. The proposal specifically targets JUP’s three current release sources: the Jupuary airdrop, team token unlocks, and Mercurial allocation unlocks. Details are as follows:
First, the Jupuary airdrop is indefinitely postponed. All 700 million JUP tokens allocated for this airdrop will be returned to the community multisig cold wallet for future use. Current usage metrics and staking snapshots will remain preserved. The matter will be revisited in consultation with the DAO when market conditions, token dynamics, and sentiment are more favorable.
Second, token releases to team members are indefinitely suspended. Instead, team members will receive JUP tokens as claims against Jupiter’s balance sheet. Should any team member wish to sell their allocated tokens, Jupiter’s balance sheet will directly purchase them. This measure further strengthens Jupiter’s JUP reserves while underscoring the team’s commitment to JUP’s long-term value.
Third, selling pressure from Mercurial stakeholders is fully hedged: their unlock schedule will be accelerated, and Jupiter’s own balance sheet will purchase an equivalent amount of tokens to absorb any potential market impact from their sales.
