Decentralized Exchange (Dex) Jupiter, based on Solana, has announced that the DAO will pause until the end of 2025, which states that the structure does not “work as intended”.
Jupiter Executive Kash Dhanda explained In an X post that the protocol is in a “critical period” and that the “window to define the future of Defi is open”.
To take advantage of that window, Dhanda said that all DAO votes will be paused and will return governance in 2026 with a new approach that unites, rather than separating. “
“The current DAO structure does not work as intended,” he added. “We hear the complaints. We see the breakdown in confidence. We feel the eternal FUD cycle that grows with every mood. Instead of the DAO, holders and the team that works 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, who has deleted its Apecoin DAO structure earlier this month due to inefficiency.
From a logistics position, active strike rewards (ASR) will continue at the same pace of 50 million Jup per quarter. However, no new working groups funded by DAO will be made, so no extra emissions will be made.
One investor expressed their concern to the tweet and said: “So $ Jup in 2025 is useless except for ASR?” To which Dhanda replied: “Stay informed about that.”
Jup has lost 21.8% of its value over the past 30 days, while the wider crypto market has difficulty breaking out of a fairly tight reach. The news had no major impact on the prices on Friday, with Jup -trade with 40 cents.
Read more: Yuga Labs proposes to scrap Apecoin Dao and launch APEC