Jupiter Governance Proposes ASR Using Unclaimed Airdrop

Jupiter Governance Proposes ASR Using Unclaimed Airdrop

Jupiter Governance Proposes ASR Using Unclaimed Airdrop Co-founder of the Solana-based decentralized cryptocurrency swap aggregator Jupiter (JUP), 'meow', has announced the launch of a governance proposal to add Active Staking Rewards (ASR) using the unclaimed 230 million JUP supply from the first airdrop. ASR refers to the process of staking JUP to earn voting power, which can then be used to vote on governance proposals for the JupiterDAO. "If there are no further objections, we plan to put it to a vote next week," stated 'meow'. Benefits of ASR ASR provides several benefits to JUP holders, including: Increased voting power in governance decisions Rewards for supporting the Jupiter ecosystem * Potential for earning additional JUP tokens Unclaimed Airdrop Supply The unclaimed JUP supply from the first airdrop represents a significant portion of the total supply, and its use for ASR could have a positive impact on the Jupiter ecosystem. By utilizing these unclaimed tokens, Jupiter can incentivize community involvement and reward active participants. Next Steps The governance proposal is currently under review and discussion. If approved, it could pave the way for ASR on the Jupiter platform, empowering JUP holders to play a more active role in shaping the future of the project.