Jupiter DEX Pauses DAO Votes Until End of 2025 Due to Issues
Jupiter, a decentralized exchange (DEX) on Solana, will pause DAO votes until the end of 2025 due to its current structure not functioning effectively. Executive Kash Dhanda stated that the protocol is in a "critical period" and emphasized the need for a fresh governance approach in 2026 that promotes unity.
- The pause aims to address complaints and restore trust within the community.
- Active staking rewards (ASR) will continue at 50 million JUP per quarter.
- No new DAO-funded Work Groups will be created, halting additional emissions.
- JUP's value decreased by 21.8% over the last month, currently trading at $0.40.
This decision parallels Yuga Labs' recent move to abandon its ApeCoin DAO structure due to inefficiency.