Jupiter Exchange Declares Active Staking Rewards (ASR) Program Launch, Allocating $60M in Rewards to JUP DAO Governance Voters

Jupiter, a prominent decentralized exchange aggregator and perpetual exchange on the Solana blockchain, has declared the launch of its Active Staking Rewards (ASR) program.

Prominent decentralized exchange aggregator and perpetual exchange on the Solana blockchain, Jupiter, has announced the launch of its Active Staking Rewards (ASR) program. The initiative allocates an estimated $60 million in rewards to users who participated in JUP DAO governance votes over the last three months.

The rewards pool consists of various cryptocurrencies, including 50 million $JUP, 7.5 billion $WEN, 7.5 million $ZEUS, 7.5 million $UPT, and 750,000 $SHARK. Users eligible for the rewards will have their $JUP tokens automatically staked, while other cryptocurrencies can be claimed on the newly developed ASR page on Jupiter’s platform.

Those currently unstaking their $JUP must either complete the process or cancel it to claim their rewards. Jupiter also plans to introduce a dedicated page that summarizes users’ voting activities and the corresponding rewards allocated to them.

Several important votes are lined up by Jupiter, which could significantly change the direction of its protocol. The upcoming governance decisions include potential reductions in long-term emissions and the $JUP token supply by 30%, the continuation of the Jupuaries program, and the possibility of extending the ASR initiative beyond the initial two quarters.

These strategic initiatives by Jupiter come amid increasing user engagement and robust staking statistics, with over 282 million $JUP tokens staked by more than half a million wallets.

The next few months for Jupiter are set to be eventful, with significant governance votes and the launch of two new tokens on the LFG Launchpad, promising a dynamic period for its users and stakeholders.