Jupiter Announces Major Structural Changes to JUP Ecosystem

According to PANews, Jupiter has unveiled significant structural adjustments to the JUP ecosystem. The decentralized autonomous organization (DAO) will shift towards high-impact governance, resulting in a reduction of proposals and the elimination of working groups. Additionally, the redemption period for JUP will be shortened from 30 days to 7 days. The DAO will conduct a separate vote to decide whether to destroy the 121 million JUP currently held by Litterbox Trust, which constitutes approximately 3.8% of the circulating supply. Following this, another vote will be held to determine the management of future revenues.