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

According to Odaily Odaily, Jupiter's vote on "reducing the net release of future tokens to zero" officially ended at 19:00 today, with the community ultimately passing the proposal with a 75% approval rate. Previously, Jupiter launched a new proposal to reduce net JUP releases to zero in the foreseeable future. The proposal primarily targets the three current sources of JUP releases—Jupuary airdrops, team share unlocks, and Mercurial quota unlocks—as follows: First, the Jupuary airdrop is postponed indefinitely. All 700 million JUP will be returned to the community's multisignature cold wallet for future use. Current usage and staking snapshots will be retained. This matter will be renegotiated with the DAO when market conditions, token status, and market sentiment are more favorable. 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 claims – which will be directly purchased by Jupiter's balance sheet should any member wish to sell their allocated tokens. 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 its unlocking process, and Jupiter will purchase an equivalent amount of tokens through its own balance sheet to absorb any shocks from potential token sales.