Decentralized Exchange (DEX), based in Solana, announced that it would arouse DAO votes until the end of 2025, declaring that the structure does not “work as expected”.
Jupiter leader Kash Dhanda explained in a post X that the protocol is in a “critical period” and that the “window to define the future of Defi is open”.
In order to capitalize on this window, Dhanda said that all DAO votes will be interrupted and in 2026, governance would return “with a new approach that unifies, rather than divisions”.
“The current DAO structure does not work as expected,” he added. “We hear the complaints. We see the breakdown of confidence. We think the perpetual fud cycle that develops in each vote. Instead of the DAO, holders and the team working in cohesion to push the product, the platform and the community forward, we are stuck in a negative feedback loop.”
The decision reflects that of Yuga Labs, which earlier this month abandoned its APECOIN DAO structure due to ineffectiveness.
From a logistical point of view, active implementation awards (ASR) will continue at the same rate of 50 million JUP per quarter. However, no new working group funded by DAO will be created, so no additional emission will be created either.
An investor expressed his concerns to the tweet, saying: “So $ jup in 2025 is useless except milestone for ASR?” To which Dhanda replied “Stay attentive.”
JUP has lost 21.8% of its value in the last 30 days while the wider market of cryptography has difficulty getting out of a fairly tight range. The news did not have a major impact on the prices on Friday, with JUP exchanging 40 cents.
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