TechFlow reported, Jupiter has announced the official injection of 10 million USDC and 100 million JUP into the DAO wallet. This operational budget will support ideas from the DAO and provide JUP allocations to long-term incentivize J.U.P Catributors.
In addition to choosing LFG, the DAO will also be responsible for funding key initiatives including working groups, public goods, and community efforts.
To ensure the DAO can sustainably carry out these critical tasks, they plan to replenish the same budget amount annually.
In the coming weeks, they will expand the multi-sig to include additional signers and provide extra keys to professional custodians.
Previously on March 22, Jupiter announced: JUP DAO will inject 10 million USDC and 100 million JUP next week to accelerate Jupiverse growth.
