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
MARA Foundation Established to Support Bitcoin Long-Term Health, Focusing on Quantum Resilience and Security Budget
Gate News message, April 28 — MARA CEO Peter Thiel announced the formation of the non-profit MARA Foundation on Monday, representing the firm's strategic commitment to supporting the long-term health, resilience, and adoption of the
GateNews17m ago
Sky Announces Laniakea, Institutional-Grade On-Chain Capital Allocation Infrastructure
Gate News message, April 27 — Sky Protocol announced the development of Laniakea, a standardized infrastructure framework designed for institutional-scale capital deployment on its Sky Agent Network. The protocol currently manages over $11 billion in USDS circulation and generates yield through
GateNews28m ago
ZetaChain GatewayEVM Contract Exploited, Cross-Chain Transactions Halted
Gate News message, April 27 — ZetaChain announced that its GatewayEVM contract was exploited on April 28, affecting only internal team wallets. The team has sealed off the attack vector to prevent further fund loss, and no user funds were impacted by the incident.
As a precautionary measure, ZetaCh
GateNews28m ago
Sky Proposes Treasury Management Overhaul as Genesis Capitalization Phase Ends
Gate News message, April 27 — Sky, the decentralized finance (DeFi) lending protocol formerly known as MakerDAO, has proposed streamlining its Treasury Management Function (TMF) following the formal conclusion of its founding capital deployment phase. Founder Rune Christensen announced in a forum po
GateNews5h ago
Pavel Durov Says TON Fees Will Drop 6x Targeting Near-Zero Costs
TON reduces transaction fees sixfold to near-zero levels, shifting to fixed pricing independent of network congestion.
Upgrade boosts speed and finality, enabling faster, cheaper transactions compared to Ethereum, Bitcoin, and Solana.
Lower costs support microtransactions and apps,
CryptoFrontNews6h ago
CT3 Secure Storage Reports 5.29 PB Uploaded Data and 10 Enterprise Contracts in Second Month
Gate News message, April 27 — CT3 has released its second-month operating results for CT3 Secure Storage, showing accelerating adoption across private and enterprise segments. During March 2026, the network processed 5.29 PB of uploaded data, with 64,574 private uploads from 27,471 unique users and
GateNews6h ago
