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Jupiter to hold vote on JUP tokens from earlier airdrop

Author: Content Editor
Jupiter, a leading decentralized exchange (DEX) aggregator on Solana, is preparing to vote on the usage of excess JUP tokens that were left after a recent airdrop. The unclaimed tokens make up around 6% of the circulating JUP supply and the vote will determine their usage. One proposal suggests using the tokens for Active Staking Rewards (ASR) to distribute them over a longer period of time and encourage staking. Other options include burning the tokens or returning them to the community wallet for passive staking rewards. The community discussion leans towards using the tokens for ASR. The native JUP token is expected to rally, with a short-term goal of reclaiming the $2 level. Jupiter has become the third-largest DeFi entity on Solana, with a large user base and a system that optimizes trading fees and slippage. They are also working on a simulated slippage feature and a split trading tool similar to Ethereum's protocol. The addition of these features has led to an increase in trading activity, particularly among smaller volume traders.

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