- Jupiter Exchange distributes $60M in staking rewards, rewarding JUP DAO participants from the last three months.
- PayPal’s PYUSD stablecoin now integrated into Jupiter’s DEX, enhancing transaction options for users.
- Upcoming events on Jupiter include token launches and critical votes, marking an active few months ahead.
Jupiter Exchange has announced a major distribution of Active Staking Rewards (ASR) worth approximately $60 million to participants of its JUP DAO over the past three months. This distribution, which includes a variety of tokens, aims to reward users for their voting activity and staked JUP tokens.
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Staking Rewards Distribution
Jupiter Exchange’s upcoming reward distribution shows its commitment to incentivizing community participation. Users who have voted on any JUP DAO proposals in the last three months are eligible to receive ASR.
The reward pool consists of 50 million JUP, 7.5 billion WEN, 7.5 million ZEUS, 7.5 million UPT, and 750,000 SHARK tokens. JUP tokens will be staked automatically, while the other tokens will be available for claim on the new ASR page.
Participants in the unstaking process must wait until their JUP tokens are fully unstaked or cancel the unstake to claim their JUP ASR. The ASR page, expected to launch soon, will provide a summary of voting activity and allocated rewards. Jupiter encourages users to direct their questions to its Discord channel or respond to the announcement.
Integration of PayPal’s PYUSD
Jupiter Exchange has integrated PayPal’s stablecoin, PYUSD, into its decentralized exchange (DEX) as of July 1. This integration expands Jupiter’s digital asset offerings and aims to provide users with more transaction options. PYUSD will be available across all platforms integrated with Jupiter, including Sphere Labs and Helio Pay. This development could potentially increase Jupiter’s user base and transaction volume.
Future Events and Token Launches
Jupiter Exchange has outlined several events planned for the coming months. In mid-July, the CLOUD token from Sanctumso will be launched on Jupiter’s LFG launchpad. The Jupiverse will conduct three critical votes, launch two new tokens, and reward Catdets.
July will also feature the inaugural ASR claim for users who voted on proposals from March to June. Additionally, the first J4J vote will take place, focusing on reducing long-term emissions and the JUP token supply by 30%.
In August, a vote on the continuation of Jupuaries will be held. Jupuaries involve users receiving a JUP airdrop for using Jupiter products. The month will conclude with deBridgeFinance launching its $DBR token on the LFG launchpad and a vote on renewing ASR beyond the first two quarters.
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