Solana DeFi Exchange Jupiter Puts $1.5 Billion Worth of JUP Airdrops Up to Vote

A new Jupiter DAO governance proposal created by Meow, the pseudonymous co-founder of the Solana decentralized exchange (DEX) and token launchpad, seeks a 70% “yes” vote to airdrop 700 million JUP tokens to the community in January—as well as another 700 million JUP tokens sometime after that. All told, that’s nearly $1.5 billion worth of JUP at the current price.

Those who stake the JUP token via Jupiter are eligible to vote on the proposal, earning voting power in a 1:1 ratio with the amount of JUP staked. Voting on the proposal, which is designed to reward “real humans and active users,” is open until November 29 at 10:59am ET.

“It is my sincere belief that if we are able to complete this in a united way, we can make JUP, Jupiverse, and Jupiter far bigger, [more] comprehensive, and [more] valuable than before,” said Meow on X (formerly known as Twitter).

It’s time for the most important DAO experiment in recent cycles – The first Jupuary vote will officially kickoff on Nov 25th, and run for 4 days.

70% Approval Needed
Because we need the entire Jupiter to unify behind the crucial plan, we will be looking for a