Jupiter based on Solana Jupiter has announced that he will stop Dao’s votes until the end of 2025, stating that the structure is not “functioning as intended.”
Jupiter’s executive, Kash Dhanda, explained in an X publication that the protocol is in a “critical period” and that the “window to define the future of Defi is open.”
To capitalize on that window, Dhanda said that all Dao’s votes will be arrested and that in 2026 the government will return “with a new approach that unifies, instead of dividing.”
“The current DAO structure does not work as planned,” he added. “We listen to the complaints. We see the collapse of trust. We feel the perpetual FUD cycle that grows with each vote. Instead of the DAO, the headlines and the team that work in cohesion to boost the product, the platform and the community forward, we are trapped in a negative feedback cycle.”
The decision reflects that of Yuga Labs, which at the beginning of this month discarded its DAO appeal structure due to inefficiency.
From a logistics point of view, Active Staking Rewards (ASR) will continue at the same rate of 50 million JUP per quarter. However, new working groups funded by DAO will not be created, therefore, additional emissions will not be created.
An investor expressed his concerns to Tweet, saying: “So $ JUP in 2025 is useless except bet on ASR?” To which Dhanda responded “are attentive to that.”
JUP has lost 21.8% of its value in the last 30 days as the widest cryptographic market struggle to get out of a fairly narrow range. The news did not have a great impact on prices on Friday, with JUP quoting 40 cents.
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