Hello Jupiter community and MRs.Kash.
I’m a proud staker on the Jupiter governance platform, and I’d like to share my thoughts on the “Next Two Years: DAO Resolution” proposal. Although the voting period ended on April 27, 2025, and today is May 9, I couldn’t express my views at the time or record them on this amazing platform, so I’m doing so now. As an early investor in Jupiter Exchange, I’ve witnessed firsthand how we’ve become the leading DEX on Solana, driving growth across the ecosystem through decentralization, governance, and a model that sets the standard in the crypto space. I’m deeply committed to continuing this journey of progress, as the significant strides we’ve made—evident across various platforms and throughout Solana—are what make us exceptional and a benchmark in the industry.
I support this proposal because I believe it lays out a strong path for the DAO’s future. The approach of progressive independence over the next two years (until May 2027) makes sense to me: the DAO is still young, and allowing it to mature with the team’s support is a wise decision. I appreciate the clear definition of roles—the DAO as the legislative arm to accelerate product adoption, and the team focusing on development—because it ensures our votes will have a greater impact. Access to the Litterbox Trust (32M $JUP, valued at roughly $15.36M at $0.48/JUP) at the end of this period is excellent news: it secures sustainable funding, which could boost $JUP’s value and benefit all investors like myself. Moreover, the focus on outcomes and talent (via Grants and Work Groups) can further Jupiter’s growth, reinforcing our leadership in Solana and the broader DeFi space.
That said, I do have some concerns. This is the fifth consecutive proposal requesting funding ($10M USDC), and I lack clarity on how the initial $10M was spent or why the original 100M $JUP remains untouched. As a staker and voter, I believe we deserve more transparency. If the previous funds weren’t managed effectively, how can we be confident that this new $10M will deliver real value? The proposal mentions milestones like DAO treasury control (3/5 signatures) and legal incorporation, but it lacks specific timelines or details, which raises doubts about its execution.
Additionally, while I understand the need for the team’s involvement for another two years, it makes me question whether we’re moving fast enough toward true decentralization. As a firm believer in free and decentralized thinking, I feel the DAO should have more operational autonomy now, especially over its treasury. I’m also concerned about the lack of clarity on how “outcomes” will be measured—we need concrete metrics (KPIs) to assess whether funded initiatives truly enhance product adoption or community engagement.
Despite these reservations, I would have voted in favor because I trust Jupiter’s vision. We’re the top DEX on Solana because we always prioritize the community and investors, and this proposal could be another step in that direction. However, I urge the team to provide more transparency on fund usage and clear timelines for the milestones. If we achieve that, I’m confident we’ll continue leading the crypto ecosystem, driving the decentralization and growth that define us.