- Jupiter Exchange’s ASR rewards JUP holders for active staking, boosting voting power and participation.
- The new Ape dApp allows memecoin trading with secure vaults, rug-checkers, and real-time monitoring.
- ASR and Ape aim to enhance user engagement, offering JUP airdrops and innovative trading features.
Jupiter Exchange has announced the availability of Active Staking Rewards (ASR) for its users. Participants can now claim their rewards, which will be added to their existing stakes.
However, those who are currently unstaking must cancel their stake or wait until the unstaking process is complete to claim their rewards. The reward tokens include JUP, ZEUS, UPT, SHARK, and WEN, with JUP being automatically staked to increase voting power.
Key Objectives of ASR
The ASR program was designed with specific goals in mind. It aims to reward the most active participants with JUP tokens, thus allowing them to gain more voting power.
The second objective is to boost participation across the platform rather than just lock up the most JUP. Lastly, simplicity was prioritized to onboard a large user base, especially those new to governance participation.
Claiming ASR Rewards
The first batch of ASR rewards will be distributed in July, following the end of the March to June period. Upon claiming, JUP tokens will be added to users’ staked balances, provided they are not in the process of unstaking. If users are currently unstaking, they must complete or cancel the process to claim their rewards.
The ASR program is part of an ongoing experiment to keep DAO voters engaged and active in proposal voting. Over the first six months, 100 million JUP tokens will be distributed as launchpad fees.
The long-term vision includes running the ASR program indefinitely to align stakeholders and onboard new DeFi voters. This initiative aims to drive community decision-making for the growth of the Jupiverse.
New Memecoin dApp Launch: Ape
In related news, Jupiter Exchange has launched a new memecoin dApp named Ape. This platform allows users to print and trade APE memecoins while farming JUP airdrops.
Ape includes features such as a secure vault, a built-in rug-checker for coins, and support for various coins from Orca, Raydium, and Meteora. The dApp optimizes trades by dynamically setting slippage and retrying transactions if necessary.
Ape offers unique advantages for memecoin traders. It enables real-time monitoring of new tokens and early purchases, potentially leading to higher returns. The platform’s built-in tools, such as the rug-checker, ensure secure transactions.
Additionally, users can earn JUP airdrops by interacting with Ape, making it a promising tool for those looking to maximize profits in the memecoin market. Jupiter Exchange’s ASR program and the new Ape dApp represent significant advancements for the platform.
ASR aims to reward active participants and encourage broader engagement, while Ape provides innovative features for memecoin trading. These initiatives highlight Jupiter Exchange’s commitment to enhancing user experience and driving community participation.
