The Solana-based decentralized exchange Jupiter has announced a pause on all DAO voting until the end of 2025. This decision comes in light of internal issues hindering governance processes.
Pause of DAO Voting
Jupiter has stated that all DAO voting will be halted until the end of 2025. However, previously approved work groups will continue their activities.
Reasons for the Suspension
Kash Dhanda, Jupiter's executive, noted that the current DAO model isn't working as intended, creating more friction than progress. He described a cycle of division and distrust that undermines governance efforts.
Community Reactions
The announcement stirred mixed reactions among investors. Some questioned the token's utility, while others, like NFT project lead Keybi, welcomed the decision, emphasizing that focusing on the product is beneficial.
The temporary halt of DAO voting at Jupiter highlights ongoing questions about the future of decentralized governance in the crypto space, with a new governance model expected to be developed before voting resumes in 2026.
