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JUP FAQs

    What is the Jupiter United Planet (J.U.P.) ?

    J.U.P is our vision for how we can build a unique, highly productive, dynamic and synergistic community to move Jupiter and crypto forward. Detailed description available Here

    What is the JUP DAO?

    The JUP DAO is a community run system of governance to develop the Jupiter Ecosystem. The DAO decides all matters around the LFG launchpad and Work Group led development initiatives. The DAO conducts votes for decentralized decision making utilizing the $JUP governance token.

    What is a Working Group?

    It is a small group led by key ecosystem members that guide extremely important work in areas like community management, core processes and ecosystem rituals. There are multiple Working Groups in the J.U.P ecosystem. The Work Group Directory can be found Here

    How can I start getting involved with working groups?

    To get involved with existing working groups, head over to the Working Group Directory. Review the Group pages and if there are open positions within the group or they have a bounty out on work, you will find it there.

    How can I tell what is actively being worked on?

    The Blog we host is designed to house all working group updates in a single location to make keeping up on active work in progress super easy for all DAO members.

    How can I participate ?

    Join the discussions in the JUP community and learn all you can about upcoming LFG votes. When the vote goes live, be sure to go vote. The $JUP Token is required to participate in DAO votes and 1 $JUP = 1 vote. The more $JUP you vote with the more voting power you have.

    What is the LFG Launchpad?

    The LFG Launchpad is a decentralized launchpad for projects to raise funds and launch their projects. The LFG Launchpad is a key component of the Jupiter Ecosystem and is governed by the JUP DAO.

Active Staking Rewards (ASR) FAQs

    Will I get rewards for staking my $JUP?

    No, you also need to vote on the proposals to get the rewards

    How do I stake my $JUP?

    Visit the Vote.jup.ag Site and connect your wallet. Enter the amount of $JUP you wish to lock and click ‘Stake’. The $JUP will leave your wallet and be deposited into a smart contract, but can be reclaimed at any time by undergoing a 30 day unstaking process.

    How do I unstake my $JUP?

    Visit the Vote.jup.ag Site and connect your wallet. Click on the words “Start Unstake (30D)” located below your voting power. Your $JUP tokens will unlock after 30 days, and you can still vote — however your voting power will decrease linearly until the 30 day mark.

    I unstaked my $JUP 30 days ago but when I try to claim it the transaction fails. What is the problem?

    Reclaiming your $JUP requires an open token account for $JUP in your wallet. If you’ve used a wallet cleanup service, it likely closed any empty token accounts, but you can easily reopen them by buying a tiny amount of $JUP, and then you will be able to claim.

    How do I vote on a proposal?

    Visit the voting site at Vote.jup.ag Site during a live vote. Connect your wallet, scroll to the bottom where the ‘Proposals’ are listed, and click on the active measure. Then, cast your vote from among the choices.

    Can I change my vote?

    Yes, connect your wallet, click on the active measure and make a new choice. The greyed out ‘Vote’ button will change color, and you can then click on it.

    Where can I see my past vote activity?

    Head over to the Voting Platform and connect your wallet. Once connected, you can see all of your past vote activity and rewards earned for each vote. Note: You do not need to vote for the winning project in the LFG votes to get rewards, ALL participants in the votes get an equal split.

    Will I still receive rewards if I did not vote for a winning project?

    Yes. You will always receive Active Staking Rewards no matter how you vote. Whether or not a project decides to include a BONUS airdrop is up to them.

    When will I receive my rewards?

    Rewards are distributed quarterly, with the first batch going out in July 2024.

    So, will I be eligible for additional airdrops?

    This is up to the launching projects to decide. If they wish to do an airdrop outside of the scope of ASR rewards, that is entirely up to their discretion.

    I missed earlier votes, is it too late for me to participate?

    Not at all. Rewards are distributed based on the total number of proposals and votes cast over the entire quarter, so participating in even just one proposal vote will earn you rewards.

    How will I receive my rewards ?

    $JUP rewards, when claimed, will be added directly to your existing stake accounts. If your $JUP is staked, your staked $JUP balance will increase If your $JUP is unstaking with, for example, 15 days left, the ASR rewards will also be available in 15 days. The individual token rewards from the 75% of Launchpad fees will not be distributed immediately and will likely have a minimum vesting period of 3-6 months.