Jupiter's vote to reduce net JUP releases to zero has passed, and the Jupuary airdrop will be postponed indefinitely.

Jupiter's vote on "reducing future net token releases to zero" officially ended at 19:00 today, with the community ultimately passing the proposal with 75% support. Previously, Jupiter initiated a new proposal to reduce the net release of JUP to zero in the foreseeable future. The proposal primarily targets the three current sources of JUP release—the Jupuary airdrop, team share unlocking, and Mercurial allocation unlocking—as follows: First, the Jupuary airdrop will be postponed indefinitely, with all 700 million JUP returned to the community's multisignature cold wallet for future use. Current usage and staking snapshots will be preserved. This matter will be renegotiated with the DAO when market conditions, token status, and market sentiment are more suitable. Second, the release of tokens to team members will be suspended indefinitely. Instead, team members will receive JUP in the form of Jupiter balance sheet debt—if any member wishes to sell their allocated tokens, Jupiter's balance sheet will directly purchase them. This move will further strengthen the JUP reserve and demonstrate the team's commitment to the future of the JUP token. Third, fully hedging against selling pressure from Mercurial stakeholders will accelerate the unlocking process and allow Jupiter to purchase an equivalent amount of tokens through its own balance sheet to absorb any shocks from potential token sales.