Jupiter is downsizing its DAO, proposing to shorten the JUP unstaking period to 7 days and to burn 120 million repurchased tokens.
Foresight News reported that Jupiter co-founder Siong Ong tweeted that Jupiter is downsizing its DAO. The DAO will focus on major future decisions, such as tokenomics, and will no longer have working groups. In addition, the team plans to shorten the unstaking window from 30 days to 7 days; the DAO will vote on whether to burn the 120 million JUP currently accumulated by the Jupiter Litterbox Trust.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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