Solana-based diversified exchange (DEX) Jupiter announced it would suspend DAO votes until the end of 2025, noting that the structure did not “work as expected.”
Jupiter executive Kash Dana Explained In X’s post, the protocol is in a “critical time” and “the window that defines the future of DEFI is open”.
To capitalize on that window, Duhada said that all DAO votes will be suspended and in 2026, governance will “return in a new way that is unified rather than split.”
“The current DAO structure is not working as expected,” he added. “We heard complaints. We saw a breakdown of trust. We felt that the eternal FUD cycle grows in every vote. Instead of DAOs, holders and team cohesion to drive products, platforms and communities forward, we are trapped in a negative feedback loop.”
Decide Reflecting theIts Apecoin DAO structure was cancelled earlier this month due to inefficiency.
From a logistical perspective, the Active Discharge Reward (ASR) will continue at a quarterly rate of 50 million JUP. However, new DAO funding task groups will not be created, and therefore other emissions will not be created.
An investor expressed their concerns to the tweet, saying: “So isn’t $jup useful in 2025 other than ASR reserves?” Dhanda replied, “Please keep following.”
JUP lost 21.8% of its value in the past 30 days as the broader crypto market efforts to undermine a rather tense range. The news had no significant impact on prices on Friday, with JUP trading at 40 cents.
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