What to know:
- Jupiter DEX, in a moment of profound clarity, has decided to pause DAO votes until the end of 2025, citing structural issues and a desperate need for a more unified governance model in 2026. 🕰️🔄
- No new DAO-funded Work Groups will be created, though staking rewards remain unchanged at 50 million JUP per quarter. 🏦💰
- JUP price, ever the optimist, is down 21.8% over 30 days, but remains relatively stable after the announcement, trading at $0.405. 📉📊
The Solana-based decentralized exchange (DEX) Jupiter has announced, with a flourish of dramatic flair, that it will pause DAO votes until the end of 2025, stating that the current structure is not “working as intended.” 🤷♂️💔
Jupiter executive Kash Dhanda, in a post on X, described the protocol as being in a “critical period” and emphasized that the “window to define the future of DeFi is open.” 🌈🌐
To seize this moment, Dhanda declared that all DAO votes will be paused, and in 2026, governance will return “with a fresh approach that unifies, rather than divides.” 🤝🌟
“The current DAO structure isn’t working as intended,” he lamented. “We hear the complaints. We see the breakdown in trust. We feel the perpetual FUD cycle that grows with every vote. Instead of the DAO, holders, and team working in cohesion to push the product, platform, and community forward, we are stuck in a negative feedback loop.” 🔄🚫
The decision, it seems, is a mirror image of Yuga Labs, which earlier this month scrapped its ApeCoin DAO structure due to inefficiency. 🦍🚫
From a logistical standpoint, active staking rewards (ASR) will continue at the same rate of 50 million JUP per quarter. However, no new DAO-funded Work Groups will be created, thus no additional emissions will be generated. 🛑🌱
One investor, ever the skeptic, voiced their concerns on the tweet, saying: “So $JUP in 2025 is useless except staked for ASR?” To which Dhanda, with a hint of mystery, replied, “stay tuned on that.” 🕵️♂️🔍
JUP, ever the resilient coin, has lost 21.8% of its value over the past 30 days as the wider crypto market struggles to break out of a fairly tight range. The news, however, did not have a major impact on prices on Friday, with JUP trading at 40 cents. 🤷♂️💸
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2025-06-20 14:14