Decentralized exchange Jupiter, built on the Solana blockchain, has concluded a significant community vote regarding 215 million unclaimed JUP tokens. The vote, which wrapped up on October 1, 2024, has decided to extend funding for the Automated Staking Rewards (ASR) plan for another year.

Context of the Vote

The tokens in question were initially part of the 'Jupuary' airdrop earlier this year. However, due to various reasons—like unclaimed tokens or compromised wallets—215 million JUP tokens were left unallocated. On September 27, 2024, Jupiter launched a community vote to determine the fate of these tokens. The voting options included:

1. Fund ASR for 1 more year 2. Burn the tokens 3. Return to Community Multisig

Voting Results

The voting results came in with a total of 307,483,434 votes:

69% (211,096,893 votes) supported funding the ASR program for another year.

27% (82,035,682 votes) voted to burn the tokens.

5% (14,350,755 votes) preferred returning the tokens to the community's multisig wallet.

Significance for the Community and Platform

With 'Fund ASR for 1 more year' winning the majority, the ASR program will now continue until September 30, 2025. Additionally, 15 million JUP will be returned to the community multisig for future use. This decision plays a crucial role in Jupiter’s roadmap and how the platform plans to reward its loyal community members over the next year. Jupiter's ability to engage its community in key decisions is a reminder of the decentralized nature of blockchain governance.

Therefore, Jupiter's project extends the automated staking program for another year, reflecting its commitment to community engagement and decentralized governance principles.