The second Jupuary proposal by Jupiter, the decentralized exchange (DEX) aggregator, appears set to pass after quickly reaching the required voting threshold. Early results show over 88% support, with the voting period remaining open until December 8.
This proposal addresses previous concerns about rewarding long-term holders and stakers, which contributed to the first proposal’s rejection.
Airdrops to reward stakers and new participants
The updated Jupuary plan includes changes to balance rewards between loyal stakers and new users. With two Jupuary events scheduled, Jupiter intends to distribute 700 million JUP tokens during each event. This version introduces measures to prevent token farming and bot attacks, ensuring that rewards benefit genuine users.
The allocation strategy divides tokens among new participants, long-term holders, and active stakers. A significant portion of the airdrop is reserved for stakers, with additional bonuses based on staking consistency and history. Unclaimed tokens from this segment will fund future staking rewards, promoting long-term token holding.
Addressing community concerns
The voting process has highlighted a divide between early JUP whales and potential airdrop participants. Jupiter’s team, led by developer @weremeow, has emphasized that the airdrops will prioritize active community members to reduce the risk of immediate token sell-offs, which could affect market prices. The project also plans to track user activity and engagement to ensure that rewards go to real contributors.
This proposal aligns with Jupiter’s broader goals under its Checkpoint 2027 roadmap. By accelerating the Jupuary timeline, the team hopes to achieve key milestones, including improved token utilities and updates to its Web3 capabilities. The proposal’s success would also set the stage for Jupiter’s upcoming event in Istanbul on January 25.
Market outlook for JUP
The anticipation around the Jupuary events has positively impacted JUP’s market performance. Recently, the token has climbed from $1 to $1.30, sparking speculation about a potential return to its all-time high of $1.85 or even a breakout into new price levels. Jupiter’s DEX aggregator remains a critical tool for Solana users, with its liquidity nearing an all-time high of $2.4 billion.
Historically, Jupiter’s airdrops have been bullish for the project, boosting both popularity and usage. However, previous airdrops saw only 7.7% of recipients holding onto their tokens, raising concerns about selling pressure. This time, the team’s focus on rewarding long-term participation could improve retention, creating a more stable market for JUP. The final results of the vote will determine whether this updated proposal moves forward, with the potential to reshape Jupiter’s community and token ecosystem for the long term.