The Jupiter community's proposal to "reduce the total supply of JUP by 30%" is currently under voting and will last until August 4th.

According to Jupiter's official announcement, the supply reduction proposal is now live, aiming to provide more certainty, consistency and transparency for all JUP holders and the community. The proposal recommends reducing the total supply of JUP by 30%, from 10 billion to 7 billion. Specific measures include the team voluntarily reducing its allocation by 30%, a corresponding reduction of 30% in Jupuary issuance, and cutting the rest from liquidity provision and strategic reserves. These 3 billion JUPs will be gradually destroyed (which may take 6 months). Voting starts on August 1 and lasts until August 4. Earlier, Jupiter Lianchuang announced a draft transparency measure, including that JUP tokens are regularly audited by the community.