Jupiter Governance Vote Falls Short: New Proposal to Vote Next Week

Recent Governance Vote Update for Jupuary

In the latest announcement by Meow, co-founder of Jupiter, the recent governance vote for Jupuary has concluded without achieving the necessary 70% absolute majority. As reported on Odaily, the voting results revealed a divided community with 58% voting in favor and 42% against the proposal.

Voting Details

The voting process was quite extensive, involving a total of 364 million JUP tokens. In addition, there were around 12,000 verified feedback responses submitted by the community. These responses were noted for their detail, providing insights into the various issues that the community feels need addressing.

Next Steps: A New Proposal Vote

With the goal of achieving that crucial 70% absolute majority, a second governance vote is already on the books and is scheduled for early next week. The Jupiter team is committed to reviewing all feedback sources from the initial vote, addressing the major concerns raised, and proposing a new, refined proposal that is likely to garner broader support.

Key Takeaways:

• Original vote: 364 million JUP tokens deployed.
• Support: 58%. Opposition: 42%.
• Next vote will be scheduled for early next week.
• Feedback from 12,000 responses will guide the new proposal.

Community Engagement and Feedback

The engagement displayed by the community is commendable, with thousands taking the time to provide lengthy feedback. This demonstrates a strong interest in the governance process and the future direction of Jupuary. The Jupiter team recognizes the significance of this feedback and aims to ensure that the new proposal takes these insights into account.

Conclusion

The upcoming governance vote represents a crucial opportunity for the community to unite and push for a resolution that benefits all stakeholders involved. Continuous engagement and transparent communication will be key as Jupiter moves forward in shaping the future of Jupuary.