Key Points:
Jupiter, a Solana ecosystem trading aggregator, has finally opened its avenue for active staking rewards (ASR) claims. Claims go live tomorrow and run for one month, ending on August 6.
ASR rewards are actively claimable by users, and JUP tokens shall be automatically staked while the other tokens will be sent to the users’ wallets. In October, Jupiter will deploy the remaining 50 million JUP for another round of active staking rewards.
The primary goals for designing ASR were to reward the most active participants in the Jupiverse, boost participation, and maintain simplicity.
Instead of locking up as many JUP tokens as possible, the focus is on wide participation. The simplicity of the process aims to onboard a large user base, especially first-time governance participants.
Readmore: SBF Family Linked To FTX $100 Million Scandal, WSJ Reveals
Starting in July, the first ASR rewards will be paid out at the end of March – June. Claims of the JUP tokens would be added directly to the current stake accounts, increasing voting power to those that stake and vote quarterly.
However, technical restrictions allow users to unstaking JUP with 15 days left to claim rewards within the next 15 days. It will unstake and complete or cancel processing as the case may be to claim ASR rewards if unstaking.
ASR is an innovative experiment in voter alignment to keep DAO participants active. Over 1M JUP in launchpad fees will be deployed toward this in the next six months. The long-term goal is to have the ASR program be an ongoing process and to onboard new retail DeFi voters.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
The leading iGaming platform BC.GAME has secured a significant partnership with English Premier League Club…
The Ethereum Attackathon audit contest aims to conduct the largest-ever crowdsourced security audit for the…
DeBank announced that the long-anticipated DeBank XP airdrop campaign will focus on active addresses as…
Bundestag member Joana Cotar criticized the German government's Bitcoin selling, citing privacy and financial concerns.
The Bitstamp exchange has announced it will distribute tokens to Mt Gox creditors within the…
With its innovative De-Fi and gambling utilities, Mpeppe (MPEPE) is positioning itself as a significant…
This website uses cookies.