The co-founder of Solana DEX and token launchpad, Meow, has proposed a new governance plan for Jupiter DAO. The proposal aims to airdrop 700 million JUP tokens to the community in January and another 700 million JUP tokens at a later date. Those who stake JUP tokens on Jupiter are eligible to vote on the proposal, with voting open until November 29. The proposal requires a 70% approval for it to proceed. Formal eligibility details are not outlined in the proposal, but it mentions inclusivity and considers factors such as traded volume on Jupiter's platforms. If the vote does not reach the required approval, there will be an amendment and a new vote. The previous JUP airdrop in January saw 1.35 billion JUP tokens in circulation, and this time, the team plans to increase eligibility thresholds and invest in sybil detection. JUP is currently trading at around $1.07, making the airdrops collectively valued at $1.48 billion. Jupiter ranks #16 with over $2.6 billion in total value locked based on DefiLlama data.



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