Jupiter's first round Launchpad voting, which projects are worth paying attention to? (Including participation guide)

Written by: JUP

Compiled by: Deep Tide TechFlow

Jupiter DAO plans to launch its first-ever vote to select the first two projects for the LFG launchpad, with the chosen projects able to launch their tokens on the platform. This critical decision-making process will begin at 10 AM EST on March 7 and will last for 72 hours.

4-Step Process for the LFG Launchpad

1. Jupresear.ch Forum Post (Completed)

2. Candidate Project Introductions (Completed)

3. DAO Voting: 10 AM EST on March 7 (Lasting 72 hours)

4. Launch: After voting ends, the working group will coordinate with the approved projects and the Jupiter team to determine their launch dates.

Voter Incentives

• $100 million JUP and 75% of the launchpad fees will be used for governance incentives. Rewards will be distributed quarterly.

Understanding Voting

As voter participation increases, it is crucial to understand how the voting process works. This involves locking JUP tokens for voting rights, voting on proposals and LFG candidate projects, and unlocking the tokens after 30 days, with voting rights gradually decreasing. Notably, there is no minimum requirement for locking tokens, ensuring everyone can participate. Additionally, all proposals and votes will offer voting rewards, with more details on rewards to be announced soon.

Top Three Potential Candidate Projects

This ranking is determined based on the potential impact on the Solana ecosystem, considering factors such as innovation, community support, and overall contribution to platform growth and development.

1. Zeus Network: Cross-Chain Communication Layer

• Description: Zeus Network acts as a secure verification link, facilitating permissionless communication between the Solana and Bitcoin ecosystems.

• Features: By integrating Bitcoin's liquidity into Solana's high-performance blockchain, Zeus Network promotes decentralized cross-chain communication and has the potential to bring billions in liquidity to the Solana ecosystem.

• LFG Launchpad Proposal

1. SharkyFi: NFT Lending Protocol

• Description: SharkyFi provides a unique platform where users can lend NFTs from selected collections.

• Features: Through SharkyFi, holders can flexibly borrow their chosen NFTs instantly, earn rewards as lenders, and gain immediate liquidity as borrowers.

• LFG Launchpad Proposal

1. UpRock: DePIN for Idle Internet

• Description: UpRock operates as a distributed physical infrastructure (DePIN) network, specializing in the utilization of data intelligence.

• Features: Through UpRock, users have the opportunity to share their idle internet resources, contributing to a collective data intelligence ecosystem while earning $UPT tokens as rewards.

• LFG Launchpad Proposal

Click here for other projects.

Candidate Projects

How to Vote?

1. Visit: https://vote.jup.ag/

2. Connect your wallet

3. Add JUP as voting power

4. Select and vote for the supported projects

Voting Rules

1. Holders will lock JUP tokens to vote in support of LFG candidate projects or proposals. You can unlock at any time, but it requires 30 days.

2. There is no minimum token requirement for voting.

3. Each wallet can only vote for 1 project.