Mac

Fresh Start Phase 2 Completed: Burning the Litterbox & Reducing the Unstaking Window We have completed Phase 2 of the JUP fresh start, which aims to align JUP strategically with the broader objective of creating the platform, community, and token to propel billions of people into DeFi. The Fresh Start is fundamentally about taking a much more strategic approach to JUP. We took a hard look at the problems around governance and the over-emphasis of DAO comms and realized that attention was being negatively averted from the great work of the team and the community. Phase 1 was all about minimizing the DAO, resetting the community, and simplifying the narrative. Phase 2 was all about voting on the Litterbox Burn of ~130m $JUP. Today we’re executing that burn, alongside reducing the unstaking window to 7 days in accordance with the feedback from token holders. Moving forward, we’re also taking a strategic approach to Jupuary, taking into account opinions from all. We’re actively designing it to vastly reduce initial emissions, greatly increase alignment for those who hold the airdrop, and focus on the core platform needs and vision of accelerating decentralization. We will continue to work through what should be doing with the ongoing 50% of revenues sent to the Litterbox. We’re also continuing to find new ways to integrate $JUP into the product suite. It already is integrated into our verification system (where Express Lane fees are burnt) and into our Metis Binary (where 10,000 staked JUP are required for access). Next, we’re going to explore more ways for JUP to be integrated into our future platforms elegantly. Through it all, we will continue to read every post - across X, the Research Forums, and Discord - to better understand what token holders want and how we can balance those desires with the needs of the project. A deep deep thank you to everyone who has already shared their ideas, and a special thank you to anyone who shares them going forward!