Introduction to Jupiter Co-founders: J.U.P. Plan, Product Updates, and First Batch of Landing Platform Candidate Projects

ChainCatcher news, Jupiter co-founder meow posted on social media to introduce the J.U.P. plan that Jupiter will launch, product updates, and to present the first batch of candidate projects for the platform.

In February, Jupiter will launch the DAO, providing operational funding and participation incentives; introduce the first batch of LFG Launchpad candidate projects to the community; and roll out a series of updates across the product line. Additionally, Jupiter has stabilized the price fluctuations of the DLMM (Dynamic Liquidity Market Maker) launch pool, providing a redemption channel for airdrop recipients and early buyers. Currently, Jupiter's liquidity position is approximately 96,164,550.29 JUP and 69,927,955.07 USDC. In the coming months, Jupiter will gradually withdraw USDC, ensuring price discovery while demonstrating the team's commitment to a long-term gradual divestment to all participants.

The J.U.P. plan includes three core components: Jup.ag exchange, JUP governance token, and the J.U.P. community, ecological working groups, and DAO. Jupiter DAO will initially focus on assessing and approving Launchpad projects, approving working group budgets, granting approvals, and releasing budgets for ongoing community and ecosystem initiatives. To encourage participation in the DAO, all Launchpad fees issued in JUP (100 million JUP) will be allocated to governance participants within the first six months as governance incentives. Jupiter also plans to introduce three original projects to interact with the community through social media and community channels, share plans, and potentially issue their tokens. These projects include sanctumso, SharkyFi, and deBridgeFinance, which are dedicated to innovative liquidity solutions, NFT collateral platforms, and cross-chain infrastructure development, respectively.