Townhall Summary

Working Groups: The Foundation of JupDAO

The core working group emphasized its role in creating a productive environment for the DAO. By providing the right incentives, tools, and processes, they aim to empower community members to engage and influence the DAO effectively. The townhall also highlighted the existence of other working groups, each focusing on specific areas such as content creation and community engagement. New working groups can be formed by community members who are passionate about contributing to different aspects of JupDAO.

LFG Process: A Success Story

The LFG process was a significant topic of discussion. With over 180,000 wallets participating, the projects involved in the vote saw substantial benefits, including increased social media followers and valuable feedback for their marketing strategies. The townhall addressed questions about handling projects that didn't launch in the first round and the possibility of not having six viable candidates for future rounds. The community's feedback is being collected to refine and improve the LFG process further.

Future Plans: Shaping the DAO

Looking ahead, the townhall explored how the DAO might handle projects that didn't launch in the first round. Options include allowing them to automatically ascend to the second round or requiring them to start back at the forum process. The community's input is crucial in making these decisions, and the DAO is committed to transparency and inclusivity in its planning.

Community Involvement: The Heart of JupDAO

The townhall emphasized the importance of community involvement in the DAO. Members were encouraged to participate in discussions, contribute to working groups, and engage in voting. The DAO values the diverse perspectives and ideas brought by its members and sees community involvement as essential to its success.

Project Introductions: Innovations in the Pipeline

Two new projects were introduced for the second round of the LFG process:

• Sanctum: Aiming to build infinite liquid staking tokens, Sanctum has been instrumental in developing liquid staking solutions on Solana. Their goal is to enhance liquidity and accessibility for staked tokens across the network.
• Ad Astra: Focused on creating high-performance DeFi strategies tailored for Jupiter and other DEXes, Ad Astra seeks to leverage Jupiter Liquidity Pool (JLP) and other assets to provide innovative yield opportunities for investors.

Conclusion

The JupDAO Townhall on March 14, 2024, provided valuable insights into the DAO's progress, future plans, and the importance of community involvement. As JupDAO continues to evolve, the collective efforts of its members and working groups will be key to its success. The DAO looks forward to more community participation and innovative projects in the upcoming LFG rounds.