PANews reported on October 16th that, according to SolanaFloor, Jupiter announced major structural changes to the JUP ecosystem. The DAO will shift to high-impact governance, with fewer proposals and the elimination of working groups. The JUP redemption period will be shortened from 30 days to 7 days. The DAO will hold a separate vote on whether to burn the 121 million JUP currently held by the Litterbox Trust (approximately 3.8% of the circulating supply), followed by another vote on how to manage future revenue.
Jupiter announced major structural adjustments to the JUP ecosystem, including a vote on whether to destroy 121 million JUP tokens.
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