Solana-based decentralized exchange (DEX) Jupiter has announced that it will pause DAO votes until the end of 2025 and says the structure does not “work as intended.”
Jupiter -Operating Kash Dhanda explained in an X post that the protocol is in a “critical period” and that “the window to define Defi’s future is open.”
To take advantage of this window, Dhanda said all DAO votes will be paused, and by 2026, governance will return “with a fresh approach that united, rather than divides.”
“The current DAO structure does not work as intended,” he added. “We hear the complaints. We see the collapse of confidence. We feel the eternal FUD cycle that is growing with every vote. Instead of DAO, holders and teams working in cohesion to push the product, platform and society forward, we are stuck in a negative feedback loop.”
The decision mirrors Yuga Labs, who earlier this month scrapped its Apecoin DAO structure due to inefficiency.
From a logistical point of view, Active Staking Rewards (ASR) continues at the same rate of 50 million Jup per year. Quarter. However, no new DAO-funded working groups are created, and therefore no additional emissions are created.
An investor expressed their concern about the tweet and said, “So in 2025, $ Jup is useless except Stack for ASR?” As Dhanda replied “Keep an eye on it.”
Jup has lost 21.8% of its value over the past 30 days as the wider crypto market struggles to break out of a rather tight interval. The news did not have much influence on the prices of Friday with JUP trade of 40 cents.
Read more: Yuga Labs suggests scrapping Apecoin DAO, launching APEC
