Odaily Planet Daily reports that Jupiter’s vote on “Reducing the future token net release to zero” officially ended today at 19:00, with the community ultimately approving the proposal with a 75% support rate.
Previously, Jupiter initiated a new proposal to reduce the net release of JUP to zero in the foreseeable future. The proposal mainly targets the current three major sources of JUP release — the Jupuary airdrop, team vesting, and Mercurial quota unlocking, as follows:
First, indefinitely postpone the Jupuary airdrop, returning all 700 million JUP to the community multisig cold wallet for future use. The current usage and staking snapshot will be preserved. When market conditions, token status, and market sentiment are more suitable, this matter will be renegotiated with the DAO.
Second, indefinitely suspend token releases to team members. As an alternative, team members will receive JUP in the form of claims on Jupiter’s balance sheet — if any member wishes to sell their allocated tokens, Jupiter’s balance sheet will directly buy them. This move will further strengthen JUP reserves and demonstrate the team’s commitment to the future of the JUP token.
Third, fully hedge against selling pressure from Mercurial stakeholders, accelerate their unlocking process, and purchase an equivalent amount of tokens using Jupiter’s own assets to absorb any potential impact from token sales.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ondo, Clearstream, 360X Launch Tokenized Securities Trading in Europe
Summary: Ondo, Clearstream and 360X announce a phased tokenized-securities integration, with ten U.S. equities trading on 360X now and planned custody, settlement, and collateral via Clearstream.
Abstract: The article reports a strategic partnership among Ondo Finance, Clearstream, and 360X to integrate tokenized securities with traditional financial infrastructure across the full asset lifecycle. The initial phase enables ten tokenized U.S. equities to trade on 360X, with issuances on Ethereum, Solana, and BNB Chain. In the next phase, Clearstream will provide custody, settlement, and collateral services, while Ondo plans to tokenize European-listed assets and expand distribution beyond the United States. The alliance aims to improve liquidity and transparency, enabling regulatory-compliant blockchain-enabled markets across Europe through Ondo's EU approvals and Clearstream's extensive asset footprint.
GateNews1h ago
SharpLink Earns 470 ETH in Staking Rewards Last Week
Gate News message, April 21 — SharpLink, an Ethereum treasury company, earned 470 ETH in staking rewards last week, bringing its cumulative staking rewards to 17,850 ETH.
GateNews1h ago
USDT Now Live on Solana, Plasma, and Ethereum with 1:1 USD Onramps and Offramps via Ramp and Privy
Gate News message, April 21 — Ramp has launched USDT across Solana, Plasma, and Ethereum with integrated 1:1 USD onramps and offramps, according to an announcement from Privy. The expansion enables faster and cheaper cross-chain stablecoin access for thousands of businesses globally, with infrastruc
GateNews2h ago
Spark Strategy Lead Criticizes Aave's WETH Market Unfreezing, Warns of Retail User Lockup Risk
Gate News message, April 21 — Spark strategy lead monetsupply.eth criticized Aave's decision to unfreeze the WETH market on Ethereum, arguing the move is poorly considered and primarily benefits leverage traders. The decision, he contends, worsens the situation for ordinary users already trapped in
GateNews2h ago
Cobo Launches AI-Driven Agentic Wallet Supporting 80+ Blockchains with Multi-Party Computation Security
Gate News message, April 21 — Singapore-based digital asset custody firm Cobo unveiled the Cobo Agentic Wallet on April 20, a new product designed to enable artificial intelligence systems to independently execute blockchain transactions within a secure and controlled framework. The wallet allows
GateNews2h ago
Arkham Launches Decentralized Trading for Solana Ecosystem Tokens
Abstract (English): Arkham has launched a decentralized trading feature for Solana ecosystem tokens, enabling high-frequency, low-latency trading directly on its platform. It filters tokens by volume, market cap, and liquidity, and tracks top traders, high‑PnL wallets, KOLs, and FnFs, while providing real-time activity, holdings history, and deployment records in one interface. Supported by Arkham’s analytics backbone of hundreds of thousands of traders, billions of address labels, and hundreds of millions of alerts.
Summary (English): Arkham launches a decentralized Solana trading feature with real-time data, token filters, and top-trader monitoring, powered by its large analytics platform.
GateNews3h ago
