Jupiter's COO Kash has proposed a plan to eliminate net emissions of JUP tokens, aiming to strengthen the token's market position. The proposal suggests indefinitely postponing the Jupuary airdrop, returning 700 million JUP tokens to the community multisig cold wallet. Additionally, team token vesting will be suspended, with team members receiving JUP as a claim on Jupiter’s balance sheet instead. This approach allows Jupiter to purchase tokens directly from team members wishing to sell, reinforcing the JUP reserve.
Furthermore, the proposal includes hedging the selling pressure from Mercurial stakeholders by using Jupiter's balance sheet to buy an equivalent amount of tokens, thus mitigating potential market impact. The community will discuss the proposal starting February 16, with voting set to commence on February 17.
Jupiter Proposes Zero Net JUP Token Emissions Strategy
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