Jupiter has announced a significant change to its JUP token redemption policy, shortening the period from 30 days to just 7 days. This move, revealed by COO Kash on X, aims to enhance liquidity and user engagement within the ecosystem.
In addition, the Jupiter DAO is set to vote on a proposal to burn 120 million JUP tokens currently held by the Jupiter Litterbox Trust. This potential token burn could impact the overall supply and value of JUP, pending the outcome of the DAO's decision.
Jupiter Reduces JUP Redemption Period, DAO to Vote on Token Burn
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