Facing the Facts: Jupiter’s Real Problems and Misleading Narratives put forth by the TEAM

Jupiter DAO $JUP
21

Hey Milkman, appreciate you chiming in and taking the time to engage. :handshake:

I get why the 2030 proposal seemed reasonable on the surface—Meow locking tokens until 2030 sounds like long-term alignment. But when you look closer, the actual structure of the vote—and the precedent it sets—raises serious concerns.

The vote presented two options:

  1. Yes: Meow fronts 280M JUP for new hires, locks his tokens until 2030, and receives a 220M JUP bonus from the community reserve.
  2. No: The 280M JUP comes from the team’s strategic reserve, and Meow’s tokens unlock in 2026 as originally planned.

So the community was effectively given a false choice:
“Approve this bonus, or the founder unlocks and could sell early.”

That’s not decentralization—that’s coercive framing.

Even more troubling: Meow said the DAO could veto his 220M bonus “at any time.”
But under our current DAO Resolution, that’s not true. There’s no mechanism to claw it back. Once the vote passed, it became irreversible.

So now we’re in a situation where:

  • A founder secures 500M JUP (7% of supply),
  • Paid largely from the community’s side,
  • With no clear KPIs, no deliverables, and no ability to revoke the bonus if things go off-track.

This broke the 50/50 principle that was supposed to ensure balance between team and community. It set a precedent where community funds can be tapped to solve team problems—without accountability.

That’s why many of us opposed the vote—not because we don’t believe in Meow’s work, but because this structure weakened governance, diluted holders, and concentrated power.

If this is the new norm, what happens next time?

We need to restore clarity:

  • Reaffirm the 50/50 split.
  • Set real checks on community treasury usage.
  • And avoid vote structures designed around fear of the alternative.

Happy to continue the conversation. This stuff matters. :ballot_box_with_ballot:

Have a read on this : The Silent Loop: Buybacks, Unlocks, litter.box and the Search for Purpose in $JUP

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22

Not true. The DAO can launch a vote to veto the bonus.

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That sounds good in theory, but let’s be real: it’s a 5-year delay, and by then most won’t even remember the DAO could veto the bonus—let alone organize a vote.

Unless you’re saying Meow himself will put up that vote in 2030, it would have to come from the community. And under current rules, only the CWG can move proposals to a vote—so unless they actively support revoking Meow’s bonus, it’s not happening.

So let’s not pretend this is easily reversible. It’s effectively locked in.

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24

Not true regarding teams intention.

The whole purpose of the burn was to bring down FDV

25

I do agree with this however.

Some proposals such as the one you mentioned was very one sided and lacked thorough discussion. I for one was very vocal I voted no for multiple reasons.

I just hope future votes are worded correctly so that both the yes or no vote option are equally weighted

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Given the most recent vote the litterbox is in daos hands now.

If we want to burn it, we can vote on it.
If we want it for asr we can vote on it

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Hey @lochie2001, appreciate you jumping in.

You might be right that the Litterbox tokens are technically designated for the DAO per the resolution—but let’s be honest about what that really means.

The DAO is essentially a marketing department with a budget. It can fund campaigns, grants, maybe some experiments—but it’s still operating within boundaries set by the team. Whether it gets 500M or 2B JUP doesn’t matter much if there’s no meaningful power to use it differently. These tokens will be spent as the team sees fit, and always in line with its narrative.

I also appreciate the optimism that those JUP tokens will be worth more by the time they’re released. I hope so too. But here’s the hard part: without core utility for the token, that hope rests entirely on belief—not on fundamentals. No matter how many tokens the DAO holds, if 1B JUP trades under a penny, it’s just marketing fuel for a token no one wants.

Since you’re close to the CWG, maybe you can actually help clarify one key point:
By the time the full Litterbox allocation is released, what will the total JUP in circulation be?
And how much will be left to release from the team side vs the community/DAO side?

That data would go a long way in making this conversation more grounded.

Thanks again for engaging—let’s keep pushing for clarity and not just vibes.

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You think we’re all stupid? It’s not a clear majority… it’s you, the team and few insiders. A clear majority was when 85% of the voters said “yes” to the first Jupuary but somehow you overturned the vote.
Last Jupuary had only one purpose: to ensure the team and few insiders have a majority in the DAO so you can easily pass whatever proposal you want.
I’ve asked many times. Why wasn’t imposed the same 70% threshold for this vote as you did with the first Jupuary? I think we all know the answer.

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29

The you real understand what litterbox allocation real means, they are already in circulation and being bought from fees generated from using jup.ag which I think will be used for community incentive after next jupnuary event because next jupnuary event will probably be last jupnuary that will happen but Dao still want to have some reserves in place incase of any incentives after 2026.

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Yeah i totally get youre point here.

Right now the token utility is this:
A) to have a say in the future of jupiter
B) TO stack ASR for pontential financial gain.

Heres ghe issues with that:
A) ive felt at times having a say on the future of jup (i.e. when i actively advocated voted no to grants or 2030 vote) it came with backlash, hostility and hate. I reminded people i bought myh JUP off the open markert and had a democratic right to vote how i felt without backlash or hate. Yet, i still got heaps of that. So the utility of JUP as “having a say in the future” its a utility when your punished for exercising that right. Not all the time fyi, but some votes have negatively effected me.

B) JUP for financial gain is a weird one. BC to be alligned requires no selling right? and not only that, its ofc frowned upon. But those who dont give af about the dao and vote randomly for the sake of ASR are somewhat frowned upon in the community. So people wont openly say that they bought jup for financial gain.

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So litterbox goes for 2 years and can be used in 3 years. So that should theoretically have the total token supply out, given reserves are utilised.

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Thank you for writing your comments but this essay has been crafted and uploaded before the resolution was released in the form of a draft.

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33

I think we actually agree on more than it may seem at first.

At this point, what it feels like we’re being told — implicitly, not officially — is: just wait. Wait for the rest of the 7B tokens to unlock. Wait for utility to eventually show up. Wait for the market to “find the real value.” But the reality is, value doesn’t just magically appear after dilution finishes — it has to be designed in.

And right now, let’s be honest: unless the team actually ships meaningful utility for JUP — something more than ASR or voting on proposals handed down from above — the token will be little more than a marker of hype. And hype decays. We’re already seeing that.

I didn’t buy into JUP as a meme coin. I bought in because Meow talked about something more: a token that would sit at the heart of Jupiter. A core alignment mechanism. A governance layer with real power. A key that unlocked access to a thriving, user-owned ecosystem.

Instead, right now, we have a lot of people doing their best to keep the vibes alive and the chart semi-green — but nothing fundamental tying Jupiter’s success to the value of JUP. No fee rebates, no real yield, no staking mechanics that support the protocol. Just more tokens trickling out.

If this project was always meant to be meme-first, that’s fine — but that’s not what was sold. And if it wasn’t meant to be meme-first, then let’s build toward the value structure we were actually promised.

I still think that’s possible. But it requires hard choices from the team

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34

Oh, alright. I understand now.

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35

I appreciate the work you’re doing sir, although I feel at this point no matter what we think or come up with is futile. I think it’s my full time egsistentialism kicking in. Keep up the fight sir. P.s. oranges r my favourite fruit… Oh well

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Wow, good shit my dude!

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