PWC News
Wednesday, July 16, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Jupiter halts governance voting to tackle burnout and refocus on innovation

Home Cryptocurrency
Share on FacebookShare on Twitter


Nemo

Solana’s largest decentralized alternate aggregator, Jupiter, has determined to halt all neighborhood voting by way of subsequent 12 months and maintain its governance Treasury sealed till 2027, citing neighborhood burnout and a have to prioritize constructing new merchandise.

The transfer quickly disables one of many major utilities for Jupiter’s native token, JUP, which powers governance proposals and selections throughout the Jupiter DAO.

Voting actions can be on maintain till a minimum of the top of 2025, based on a press release shared by staff member Kash Dhanda.

He wrote:

“Lately, one factor has change into clear: the present DAO construction isn’t working as meant. We hear the complaints. We see the breakdown in belief. We really feel the perpetual FUD cycle that grows with each vote.”

The assertion added that the staff intends to shift vitality away from frequent governance votes and towards strengthening the challenge’s product suite and market place.

The governance pause comes as Jupiter’s DEX stays a serious participant on Solana, with greater than $2.2 billion locked on the platform and every day charges averaging $1.6 million. It handles upwards of 80,000 token swaps every day, serving over 18,000 every day lively merchants.

Nevertheless, Jupiter’s aggregator has misplaced momentum in latest months, with consumer site visitors dropping by as much as 60% and rivals like PumpSwap dominating the meme coin area of interest, now accounting for a majority of that buying and selling quantity on Solana.

Treasury closed till 2027

Underneath the brand new plan, the DAO’s fund, recognized internally because the Litterbox Trustm will stay inaccessible for brand spanking new spending or finances proposals for the subsequent two years.

Income from staking providers similar to jupSOL will proceed to feed the Treasury, however recent JUP minting for workgroups and governance rewards has been suspended.

Common staking will nonetheless be accessible to token holders, with about 50 million JUP reserved for ongoing staking incentives. Apart from an upcoming 700 million token distribution, a part of the ultimate part of the Jupuary airdrop, no further JUP emissions are deliberate.

The staff expects the break in governance rewards to assist scale back promoting stress on the token, which has lately hovered close to annual lows of round $0.40.

A redesigned governance construction is about to be launched in 2026, aiming to deal with previous disputes and streamline decision-making earlier than the Treasury totally reopens the next 12 months.

Talked about on this article
Newest Alpha Market Report



Source link

Tags: burnoutGovernanceHaltsInnovationJupiterrefocusTackleVoting
Previous Post

Trump says talks with Iran could happen ‘in the near future’

Next Post

HUL shares among 8 stocks will trade ex-dividend on Monday. Do you own?

Related Posts

Bitcoin’s Reputation As An Inflation Hedge Still Holding Strong In Investor Circles | Bitcoinist.com
Cryptocurrency

Bitcoin’s Reputation As An Inflation Hedge Still Holding Strong In Investor Circles | Bitcoinist.com

July 16, 2025
Bitcoin Price Prediction- Analyst Calls for 0k Next if House Passes GENIUS Act Today
Cryptocurrency

Bitcoin Price Prediction- Analyst Calls for $150k Next if House Passes GENIUS Act Today

July 16, 2025
Ripple lands first UAE custody deal as Dubai digitizes property titles on XRPL
Cryptocurrency

Ripple lands first UAE custody deal as Dubai digitizes property titles on XRPL

July 16, 2025
Ethereum Smashes Resistance — Is The Next Leg Up Already Here?
Cryptocurrency

Ethereum Smashes Resistance — Is The Next Leg Up Already Here?

July 15, 2025
Following NinjaTrader Acquisition, Kraken Opens Access to CME-Listed Crypto Futures
Cryptocurrency

Following NinjaTrader Acquisition, Kraken Opens Access to CME-Listed Crypto Futures

July 16, 2025
Bitcoin Price Watch: Bulls on Hold as Bearish Engulfing Shakes Daily Chart – Markets and Prices Bitcoin News
Cryptocurrency

Bitcoin Price Watch: Bulls on Hold as Bearish Engulfing Shakes Daily Chart – Markets and Prices Bitcoin News

July 15, 2025
Next Post
HUL shares among 8 stocks will trade ex-dividend on Monday. Do you own?

HUL shares among 8 stocks will trade ex-dividend on Monday. Do you own?

Sri Lanka welfare scheme triggers male labour force decline: IPS | EconomyNext

Sri Lanka welfare scheme triggers male labour force decline: IPS | EconomyNext

Labubu-maker’s shares slump as Chinese state media calls for stricter regulation, Morgan Stanley cuts interest

Labubu-maker's shares slump as Chinese state media calls for stricter regulation, Morgan Stanley cuts interest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Dividend Kings in Focus: The Gorman-Rupp Company – Sure Dividend
Investing

Dividend Kings in Focus: The Gorman-Rupp Company – Sure Dividend

by PWC
July 13, 2025
0

Up to date on July eighth, 2025 by Felix Martinez In 2022, The Gorman-Rupp Firm (GRC) introduced that it was...

Iberdrola, Masdar to Co-Invest Over  Billion in UK Offshore Wind Project – ESG Today

Iberdrola, Masdar to Co-Invest Over $6 Billion in UK Offshore Wind Project – ESG Today

July 11, 2025
Sri Lanka’s Commercial Credit and Finance plans Rs5bn bond sale | EconomyNext

Sri Lanka’s Commercial Credit and Finance plans Rs5bn bond sale | EconomyNext

July 15, 2025
‘YOLO’-buying EVs: As ,500 tax credit ends, consumers may rush to cash in. Here’s how to get a good deal

‘YOLO’-buying EVs: As $7,500 tax credit ends, consumers may rush to cash in. Here’s how to get a good deal

July 11, 2025
What Mountains Provide and Why They Need Protection – EcoWatch

What Mountains Provide and Why They Need Protection – EcoWatch

July 15, 2025
Hero MotoCorp to enter Germany, France, Spain, UK in Q2 FY26: Chairman Pawan Munjal

Hero MotoCorp to enter Germany, France, Spain, UK in Q2 FY26: Chairman Pawan Munjal

July 14, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.