Jupiter Announces Details of Active Staking Rewards (ASR) Program Claiming Process
Jupiter's ASR program revolutionizes Solana governance, empowering stakeholders and setting a new standard for community-driven decision-making.
Jupiter, Solana's leading DEX aggregator, has released exciting new details about its trailblazing Active Staking Rewards (ASR) initiative. This unique program, launched with Jupiter's Launchpad For Governance (LFG), allows participants to earn rewards for shaping the platform's future by voting on project proposals.
Jupiter envisions a long-term ASR program that ensures the alignment of stakeholders and fosters a vibrant community of active voters. With 100M $JUP tokens dedicated to the program's launch, Jupiter is committed to community-powered growth.
Key Design Goals of Jupiter's ASR
Jupiter's ASR program is carefully designed to achieve the following objectives:
- Reward Active Participation: The program aims to reward the most engaged members of the Jupiverse with additional $JUP tokens, increasing their voting power over time.
- Boost Participation: Jupiter encourages widespread community involvement in governance rather than focusing solely on the amount of $JUP tokens locked.
- Simplicity: The program prioritizes a user-friendly experience, attracting even those new to governance protocols.
How and When to Claim ASR Rewards
The initial batch of ASR rewards will be distributed in July 2024, covering the first period (March-June). Here's how the process works:
- Automatic Allocation: Claimed $JUP tokens will automatically increase your existing stake balance.
- Accessibility: If your $JUP is in the process of unstaking, you will still receive your rewards within the 15-day unstaking period.
- Ease of Use: ASR rewards are designed to encourage immediate reinvestment for increased voting power.
Jupiter's ASR program is reshaping the governance model on Solana, empowering stakeholders to actively participate in key platform decisions. This marks a significant milestone for Solana, where the concept of on-chain governance hasn't been explored as deeply as on Ethereum. Jupiter's initiative pushes the boundaries of what's possible with governance on Solana, paving the way for a more decentralized and community-driven future for the blockchain.