Jupiter's vote to "reduce JUP net release to zero" has passed, and the Jupuary airdrop will be postponed indefinitely.

Deep Tide TechFlow News, February 22 — Jupiter’s vote on “Reducing the future token net release to zero” officially concluded today at 19:00, with the community ultimately approving the proposal with 75% support.

Previously, Jupiter initiated a new proposal to reduce JUP’s net release to zero in the foreseeable future. The proposal mainly targets the three current sources of JUP release — the January airdrop, team unlocks, and Mercurial quota unlocks. The specifics are as follows:

First, indefinitely postpone the January airdrop, returning all 700 million JUP to the community multi-signature cold wallet for future use. The current usage and staking snapshot will be preserved. When market conditions, token status, and market sentiment are more favorable, this matter will be renegotiated with the DAO.

Second, indefinitely suspend token releases to team members. As an alternative, team members will receive JUP in the form of claims on Jupiter’s balance sheet — if any member wishes to sell their allocated tokens, Jupiter’s balance sheet will directly buy them. This move will further strengthen JUP reserves and demonstrate the team’s commitment to the future of the JUP token.

Third, fully hedge against sell pressure from Mercurial stakeholders, accelerate their unlock process, and purchase an equivalent amount of tokens through Jupiter’s own balance sheet to absorb any potential impact from token sales.