JUP is rising at an intense rate, leaving investors with profit of around 34% in just one day, continuing the overall uptrend of about 70% since February.
Most of these holders are currently staking their JUP in the governance DAO as the staked JUP has reached $123 Million, around a third of the overall maximum supply of the overall JUP Token.
170 Million JUP Locked in Governance DAO
Currently most of the JUP are being locked in the DAO, reaching 170 Million of JUP in the DAO vault alone.
Currently there is no information regarding how much investors will get from staking in the DAO or the Decentralized Autonomous Organization of the Jupiter Exchange Ecosystem, but there is a return that stakers will get.
The DAO itself is currently focused on the launch of the LFG Launchpad, the launchpad of the Jupiter Exchange Ecosystem for new projects to launch their token or coin on the Solana Blockchain.
In the future, stakers will receive 75% of the overall fee that is received by the LFG Launchpad, so it is a probability that the amount of JUP being staked will increase in the future.
There is also an additional reward of 100 Million JUP for stakers that participates in the governance process of the Jupiter Exchange DAO.
Currently there are around 129,670 holders that are staking the JUP on the DAO Governance, as represented by the data of unique addresses, given by the DAO.
Jupiter Exchange currently encourages holders to stake their JUP on the DAO and to participate in the governance process of the Jupiter Exchange.
Additionally, the current focus of the DAO is currently being directed towards the LFG Launchpad, so stakers will participate in governance processes regarding LFG.
Potential New Airdrops?
With the LFG Launchpad being the focus of the DAO, currently stakers are hoping that the launchpad will allocate a new airdrop towards the stakers.
The governance process that is currently being done is voting the projects that will be eligible to launch on the LFG Launchpad.
The voting process will end in two days, which is why currently the total value locked of the Jupiter DAO is currently increasing.
Holders are having expectations that Jupiter Exchange will allocate airdrops for the new projects that are going to be launched towards the stakers.
The focus is being directed to potentially two projects launching on the launchpad which will have their own token.
So with the governance process, holders are hoping that they will receive airdrops allocation of those two new projects that will be launching on the LFG Launchpad.
Keep in mind that this is all still speculation by the community as the LFG Launchpad team and the Jupiter Exchange team themselves have not released any information regarding allocating a token towards stakers.
The only promised allocations are in the form of 100 Million JUP and 75% of the overall fees generated by the launchpad.
But, this speculation has successfully attracted investors towards staking in the Jupiter DAO, which is why the overall Total Value Locked or TVL of the whole ecosystem is increasing.
Overall, even though there are no confirmations yet, if you have JUP unused, it is better to stake it on the DAO to be safe rather than sorry.
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