ChainCatcher news, Jupiter co-founder Meow posted on the X platform that finding the perfect balance between corporate goals and community engagement is indeed very difficult. Due to Jupiter's previous inability to handle this dynamic well, there has been a lot of confusion, anger, and misunderstanding recently, and debates can easily arise between corporate goals and community engagement.Therefore, Jupiter is studying the balance issue between teams/DAOs and will have in-depth discussions in the coming weeks.

ChainCatcher news, according to Meow, the founder of Jupiter, the JupNet team is working on a lot of technical details and is expected to release a comprehensive technical update in April.

ChainCatcher news, SolanaFloor posted on X platform that, despite strong community skepticism, the "2030 Lockup" proposal put forward by Jupiter co-founder Meow has been passed with a 63% majority vote.According to the voting results, 280 million JUP tokens will be locked until 2030, in return, Meow will receive an additional 220 million JUP as a reward.

ChainCatcher message, Jupiter co-founder Meow has recovered the X account and stated: "I completely don't understand what happened------the password is very unique, two-factor authentication was enabled, all devices are in my possession, and the only connected apps are Typefully and Streamyard.The past conversation records show nothing except for my phone, Typefully, and Streamyard, and they are all from a long time ago.While SIM card swapping is possible, the attacker still needs the password (I have changed the SIM card just in case).I deleted other sessions, but the attacker still posted (possibly done before the deletion).Strangely, I had just performed a full logout operation a week ago."

ChainCatcher message, JupiterDAO core team member Slorg posted on social media that the X account of Jupiter co-founder Meow has been hacked and has published scam-related tweets about Meme (which have now been deleted). Users should be wary of related scams.

ChainCatcher news, Jupiter founder Meow released the team strategy, stating that Jupiter will focus on decentralized liquidity platforms, global community expansion, and the Jupnet ecosystem over the next 5 years, and plans to allocate 280 million JUP to new team members in the next 3 years, but the funding source requires community decision.The startup team initially held 20% (2 billion JUP), of which 600 million JUP has been burned, leaving 1.4 billion JUP remaining. The team has expanded to 80 members, driving projects such as Jupiter Research Center, Jup.ag, and Jupiter Mobile. Meow proposed two options:Option 1 (default) allocates 280 million JUP from the strategic reserve, unlocking from July 2025, without the need for community voting;Option 2 (community voting) involves Meow personally holding 280 million JUP for payment, to be recovered from the strategic reserve in 2030, and applying for an additional 220 million JUP as incentives (adjustable by DAO).If Option 2 is approved, he will focus on Jupiter's development over the next 5 years, and the community can supervise and adjust the final execution plan.

ChainCatcher news, Jup iter founder Meow published a long article outlining the future development plan and long-term strategy for the JUP token. Meow proposed the "GOAT framework" (Governance, Transparency, Organic, Collaboration) as the core and announced three key initiatives:First, an independent auditing agency will be commissioned to conduct a comprehensive audit of the founders, treasury, and tokens, with all results to be publicly disclosed on the new official website jup.com to enhance transparency. Second, the establishment of the "Litterbox Trust Fund," committing to inject 50% of the protocol's revenue into this fund over the next two years for strategic accumulation of JUP. Finally, Meow proposed the 2030 Incentive Plan, voluntarily using 280 million JUP held personally for new team incentives, and promised not to claim any tokens before 2030, with the final eligibility for a 500 million JUP reward entirely dependent on community voting results regarding his performance.Jup iter also disclosed three major business pillars: the aggregation trading platform Jup.ag, the community ecosystem Jup iverse, and the cross-chain network Jup net, emphasizing that the token mechanism will bind the long-term interests of ecosystem participants. Meow stated that these series of initiatives aim to demonstrate the team's determination to advance together with the community, breaking the inertia of short-term profit-seeking in the crypto industry, and fully committed to building "the future value network belonging to Jup iverse." Currently, the relevant proposals have been submitted for DAO discussion, and final implementation requires community voting approval.

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.

ChainCatcher message, Jupiter co-founder meow stated that their team has contacted the CAR token deployment party and completed on-chain verification. The verification process includes redeploying the cancellable contract, tracking key deployment transactions from minting to locking, and requesting the deployment party to burn 0.06924 SOL to prove address ownership.However, meow emphasized that it is still not possible to confirm information such as whether the token is officially issued by CAR, the accuracy of the token economic model, the reasons for Namecheap's service suspension, and the circulating token ownership information disclosed by Yokai Capital. This off-chain information is pending further verification in the coming days.

ChainCatcher message, regarding the load issue with Jupiter, co-founder meow posted on X: "I sincerely apologize for the system instability and scaling issues. Over the past few months, the team has been working hard to stabilize and scale all these subsystems, but under extreme market conditions, we clearly have a lot of work to do.Due to the earlier severe market fluctuations, many of our on-chain and off-chain components have been disrupted, including the price API and quoting engine. Currently, we are seeking to immediately deploy various simple mechanisms to restore stability while understanding the numerous edge market conditions that may lead to system chaos.We will also roll out significant upgrades to systematically address these issues, but it will take some time to launch these upgrades. We will strive to restore stability as soon as possible and provide better services in the future."

ChainCatcher message, Jupiter founder meow responded to netizens' inquiry about "whether to donate funds to ai16z" by stating that he donated $50,000 to ai16z for development work two weeks ago because he appreciates the work they are doing.In addition, he also stated: "I really admire the crazy innovative energy that ai16z partner Shaw brings to the field of AI crypto agents."

ChainCatcher News, the Fourth Circuit Court of Appeals in the United States recently dismissed a homeowner's lawsuit against the insurance company Lemonade Insurance. The homeowner claimed that the insurance company should compensate for a loss of $170,000 due to a cryptocurrency scam. However, the court ruled that under Virginia law, homeowners insurance only covers "direct physical loss," and digital theft of cryptocurrency does not meet this definition.The judge noted that the insurance company had fulfilled its compensation obligations under the relevant terms of the policy, providing $500 for electronic transfer theft compensation.

ChainCatcher news, Jupiter DAO posted on platform X to remind: there are less than 3 days left to determine the fate of 215 million unallocated JUP tokens. As of now, the votes have exceeded 245 million. "The specific end time is 11:30 PM on October 1.Previous news, Jupiter co-founder Meow released a proposal draft to handle the 215 million unallocated JUP tokens, which originated from the unclaimed or unreallocated portion of the Jupuary airdrop earlier this year. The proposal presents three options:Use the tokens for the Active Staking Rewards (ASR) program for the next year;Burn the tokens;Return the tokens to the community multi-signature wallet.According to the draft, the Jupiter team "strongly" recommends the first option, believing that the ASR program has been effective in promoting community participation and DAO voting.

ChainCatcher message, regarding the large sell-off of NX token during the presale, Jupiter co-founder Meow commented on the X platform that the issues with token presales need to be addressed, as the current standards are very poor for industry alignment.In addition, he added: "This is also the reason why we did not conduct a presale for JUP, but instead innovated on the launchpool model."

ChainCatcher message, Jupiter co-founder Meow responded to users on Twitter, stating that the team does not charge a platform fee for transactions on Jupiter, and transactions are 100% free.The fees mentioned earlier are actually charged by a partner of Jupiter's exchange API. Meow also revealed that Jupiter has launched a new API feature that allows partners to choose the charging method during input or output, which will help optimize the fee structure in the future.

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.