Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
DAO behind DEX aggregator Jupiter suspends governance votes until early 2026 amid community concerns

DAO behind DEX aggregator Jupiter suspends governance votes until early 2026 amid community concerns

The BlockThe Block2025/06/19 16:00
By:By Naga Avan-Nomayo

Quick Take Jupiter DAO, which governs the Solana-based DEX aggregator Jupiter Exchange, has paused all governance votes until early 2026. The DAO plans to revise governance tools and focus on building new products within the “Jupiverse” before resuming voting.

DAO behind DEX aggregator Jupiter suspends governance votes until early 2026 amid community concerns image 0

Jupiter DAO, which oversees Solana-based DEX aggregator Jupiter Exchange, has paused all votes until early 2026 following a “breakdown in trust” from community members in the current governance structure, a core contributor said on X.

Kash Dhanda wrote that the DAO needs time to rework governance tools and focus on building new products in the “Jupiverse” before polling resumes. A fresh framework will arrive no earlier than January 2026, he said. Active staking rewards will persist, distributing 50 million JUP per quarter; however, no new JUP emissions will occur for voting rewards or workgroup budgets.

JUP traded near $0.40 after the freeze, down 50 percent year-to-date amid a broader altcoin slump, according to The Block's price page .

The pause follows weeks of criticism that project insiders dominate decision-making. In a recent DAO proposal, one team's wallet cast over 4.5 percent of all ballots. Jupiter founders and team members reportedly control about 20% of the JUP supply, Jupiter’s native token. Community members called the influence unacceptable and said it undermines decentralisation.

Governance rows have flared before. In March, the DAO approved a $7 million salary package for four new staffers . Another vote granted co-founder Ming Ng a 220 million-JUP bonus after he pledged 280 million vested tokens to fund 65 new hires. Both measures passed despite backlash.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

KindyMD Boosts Bitcoin Strategy with $51.5M Funding

KindyMD and Nakamoto Holdings secure $51.5M more in PIPE funding, raising total to $763M to support a Bitcoin treasury strategy.A Strategic Bet on BitcoinBuilding a Bitcoin-Native Future

Coinomedia2025/06/20 21:48
KindyMD Boosts Bitcoin Strategy with $51.5M Funding

Is Qubetics the Best Coin to Buy Today, While Bitcoin Trades at $105K and Immutable X Falls 18.56% This Week?

Qubetics advances its crypto presale as the best coin to buy today, while Bitcoin trades at $105K and Immutable X falls 18.56% this week.Qubetics Introduces Non-Custodial Multi-Chain Wallet for Maximum ControlBitcoin Trades Steady Near $105,000 as Corporate Treasury Buys ContinueImmutable X Slides 18.56% This Week, While Trading Volume Drops SharplyConclusion: Practicality and Presale Security Define the Best Coin to Buy Today

Coinomedia2025/06/20 21:48
Is Qubetics the Best Coin to Buy Today, While Bitcoin Trades at $105K and Immutable X Falls 18.56% This Week?