Jupiter's "2030 Lockdown" proposal has been opened for voting, and if passed five years later its JUP position will rise to 7% of the total supply
Editor
2025-03-07 15:02 5,503
Share to:
According to Golden Finance, the "2030 Lockdown" proposal proposed by Jupiter co-founder Meow has now opened for voting, and there will be 3 options for voting: 1. Agree, Meow provides 280 million JUPs in advance and locks it to 2030 in exchange for 220 million JUP rewards. 2. Disagree, 280 million JUPs come from the team's strategic reserves, Meow's JUP is unlocked as planned in June 2026. 3. Abstain. If option 1 is passed but the community believes it is not worth it, it can exercise the veto and adjust or cancel the reward.
According to Meow, Jupiter's new team members have been allocated about 280 million JUPs (3-4-year vesting period), and initially, the plan was to release the required JUPs from the team's strategic reserves. Now, Meow plans to pre-provid these tokens with its full JUP allocation (283 million after 30% deduction) and take the opportunity to get strong support from DAO and the community, locking in for another 5 years, which can in return request a reward of 220 million JUP in 2030.
"I want to have more ownership in the protocol I created and built from scratch. Getting 220 million JUP rewards from the community reserves, plus the 280 million JUPs I will have, by 2030 I will have 500 million JUPs. That's equivalent to 7% of the total supply at present. Considering that I created Jupiter from scratch, it took more than four years of countless twists and turns to bring it to where it is today, and promised to lock in for 5 years, if Jupiter continues to perform well during this period, I don't think 7% is a big deal."