Jupiter Takes 90 Million JUP Tokens and 10 Million USDC Out of the Issuance Pool

The decentralized finance The DeFi platform Jupiter announced a variety of initiatives driven by the community, as well as the formation of a decentralized autonomous organization (DAO).

In terms of updates related to the launch pool, Jupiter has decided to remove 90 million JUP tokens from circulation, aiming to create a stable environment for its participants. Furthermore, USDC will be progressively withdrawn in increments of $10 million, with the initial withdrawal already processed. This stepwise approach to liquidity removal is designed to promote better price discovery and demonstrate the team's long-term commitment to managing liquidity effectively.

Under the theme of \"J.U.P.: Jupiter United Planet,\" the platform is preparing to embark on an exciting journey, introducing significant initiatives and updates throughout February. These include launching the J.U.P. initiative, various product enhancements, and the potential introduction of new projects to its community. Jupiter Greetings, fellow space cadets! We've just shared three important updates concerning the launchpool, Jupiter DAO, and potential candidates for LFG!

Jupiter intends to allocate part of the governance incentives from launchpad fees, while operational expenses will be supported through fees earned from the Decentralized Liquidity Mining Mechanism (DLMM). This resource allocation strategy is designed to enhance community engagement and promote decentralization.

To incentivize participation in the DAO Stay updated with cryptocurrency allocations through our

Jupiter Unveils LFG Initiative, Focusing on Community for the Next Phase Airdrops Calendar .

According to Jupiter, 75% of the upcoming launchpad fees generated from the Let’s Find Growth (LFG) initiative, along with fees from the DLMM launchpool, will be directed towards the DAO, ensuring that there are sufficient resources to pursue vital initiatives.

In line with its community-focused philosophy,

is inviting its community to actively participate in decision-making regarding potential LFG launches. Three promising projects – Sanctum, Debridge, and SharkyFi – have been shortlisted as candidates for the LFG initiative. The community will have the chance to assess these projects and collaboratively choose which one will be the first LFG launch. Jupiter Moreover, Jupiter is promoting a spirit of inclusivity by encouraging other projects to consider joining the LFG initiative.

As Jupiter gears up for the next stage in its evolution, the platform highlights the importance of community involvement and participation. They have established avenues for project submissions and community engagement, reflecting their commitment to nurturing a collaborative ecosystem.

Jupiter's recent announcement marks a pivotal advancement in its trajectory, characterized by community-led initiatives and the establishment of a solid governance structure. With everything set for ongoing growth and progress, Jupiter is ready to make a significant mark within the

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