Jupiter DAO Approves $1.72B Airdrop Plan with 87% Vote and 30% Token Burn

Dec 9, 2024, 10:08 AM

The Jupiter Exchange DAO has approved a significant proposal to extend its 'Jupuary' initiative for two additional years. The plan includes two token airdrops worth $860 million each, totaling $1.72 billion, aimed at rewarding active users and stakers while excluding airdrop farmers and bots. The proposal passed with an 87% majority vote, with 84.18% of total voting power participating and 29.71% of total addresses voting. Key changes include unclaimed $JUP tokens being allocated to ASR rewards, prioritization of stakers, and S2 qualification checks. Eligibility snapshots for the airdrops were taken in November, and the initiative will begin at the end of January. Additionally, 30% of the token supply will be burned as part of the program.