The Solana-based decentralized exchange (DEX) Jupiter has announced that it will stop the DAO votes by the end of 2025, stating that the structure is “not working as an intention.”
Jupiter’s executive wish Explained In an X post that the protocol is in a “critical period” and that “the window is open to define the future of DEFI.”
To capitalize on the window, Dhanda said that all DAO votes would be stopped and governance in 2026 “will return with a new approach, which is united rather than divided.”
“The current Dao structure is not working according to the intention,” he said. “We listen to complaints. We see breaking into confidence. We always feel the fad cycle growing with every vote. Instead of DAOs, holders and teams, the team working in harmony to carry forward the product, stage and community, we are trapped in a negative response loop.”
This decision is of Yuga Labs, which ended its Apecoin DAO structure at the beginning of this month.
From a logistic point of view, the active stacking rewards (ASR) will continue at the same rate of 50 million per quarter. Although no new Dao-funded work group will be formed, thus no additional emissions will be created.
An investor voiced his concerns for the tweet, saying: “In 2025, $ chanting is useless in addition to steak for ASR?” To which Dhanda replied “Stay on it.”
Chanting has lost 21.8% of its value in the last 30 days as the broad crypto market struggles to get out of the tight limit. The news did not have a major impact on prices on Friday, with chanting trading at 40 cents.
Read more: Uga Labs proposed to scrap Apecoin DAO, which is to launch APEC
