ShadyAcres 🦍

The next step in Jupiter’s Fresh Start initiative is here. Following the scaling back of the DAO and our community reset, the Litterbox burn vote marks the next major step in our Fresh Start – refocusing $JUP as the center of our ecosystem and rebuilding long-term confidence and alignment. You can read more about the Fresh Start here: teapaw.org/JUPCommunity/status/19… The Litterbox burn vote is our next step. 50% of Jupiter’s onchain revenue currently goes into the Litterbox Trust, which buys back $JUP from the open market. To date, ~130M $JUP has been acquired, representing ~4% of the circulating supply. This was originally intended for the DAO to make use of after 3 years. But more recently, holders have been vocal that these $JUP are creating uncertainty for the community and token holders alike. And we listened. Today, the DAO begins voting on whether we should burn these existing holdings or not. And in the coming weeks, we'll hold a separate vote to determine what to do with the ongoing revenues sent to the Litterbox. Moving forward, we will be much more active in engaging everyone in a strong common vision, building trust, and restoring community confidence. Cast your decision now: to burn or not to burn? vote.jup.ag/proposal/HpYmjb9… See the DAO announcement here: teapaw.org/jup_dao/status/1983972… Note: This vote will not impact ASR for Q4. And remember to stay tuned for the next vote!