meow

Jupiter: Did not participate in the issuance of LIBRA in any form

ChainCatcher message, Jupiter responds to the LIBRA controversy: "Several members of the Jupiter team learned directly from Kelsier Ventures that about two weeks ago, there would be a token project related to Argentine President Javier Milei. Initially, we were not sure about its authenticity, but then we saw credible evidence from a public tweet on Milei's personal account, proving that he is serious." This is all the information that Jupiter knows.We are completely unaware of any transactions between Milei himself and the market makers, and we have not participated in any form. In the memecoin circle, rumors about a certain "Argentine coin" being issued have long been an open secret, and many related tweets have been made public. However, due to our commitment to confidentiality, Jupiter has not discussed this matter in any online or offline occasions. Additionally, members of the Jupiter team have not received any LIBRA tokens or related rewards.The product developers of the Jupiter team were not aware of the issuance date, time, or contract address (CA) of LIBRA in advance. Only Meow learned about the upcoming launch on the day of issuance, but he did not know the contract address or the specific time, and he was not involved. At that time, he was in Tokyo and even missed the issuance time.Ben from Meteora learned the contract address a few minutes before the issuance, but only for verification purposes, and he did not share it with the Jupiter team until after the information was made public. Jupiter did not verify the contract address in advance or immediately, contrary to the large amount of FUD (fear, uncertainty, and doubt) on Twitter.

Jupiter co-founders released a supplementary statement on last week's platform issues: Priority fee calculation errors became a major problem during severe congestion

ChainCatcher message, Jupiter co-founder meow released a supplementary statement regarding some issues faced by the Jupiter platform last week. He expressed sincere gratitude to users and community members, apologized for technical and communication errors, and committed to continuous improvement of the platform experience.Details of the supplementary statement:Priority fee calculation error: There was an error in estimating the priority fee when calculating the gas required for front-end execution. Although this is not common under normal circumstances, it became a major issue during severe congestion. The team takes full responsibility for this.DCA downtime issue: Due to an estimation error by CU, the platform's DCA function was down for about 6 hours, resulting in user orders not being executed. The team expressed deep apologies for this and will review operations to improve vigilance.Low liquidity tokens: To ensure the safe execution of DCA, the platform conducts price and slippage checks before trading. However, the marked price of low liquidity tokens may differ significantly from the execution price, preventing the engine from executing trades. The team will improve the user interface, add more information, and optimize safety check methods.Future plans: The team plans to add more information to the user interface and gradually implement intelligent safety checks to address existing issues.
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