News

On April 25th, Jupiter DAO released the "Next Two Years: DAO Resolution" proposal. This proposal details how the Jupiter team will support the DAO in becoming more independent over the next two years. Key points include clarifying the proposal generation process, shifting treasury operation control from a 3/5 team signature to a 3/5 DAO member control, legal registration, establishing independent funding mechanisms, and ensuring transparent reporting. The DAO will focus on accelerating the growth of the Jupiter community, products, and vision through proposals and treasury management, while the team will handle product development and business operations. Regarding funding, the Jupiter team will infuse an additional 10 million USDC into the DAO treasury and will explore sustainable funding mechanisms over the next two years. After two years, the DAO will be supported by the Litterbox Trust, which holds 50% of the protocol fees, approximately 32 million JUP. Moreover, Jupiter DAO will activate talent through grants and working groups, with a strong emphasis on transparency and outcome orientation.

On April 25, according to SpotOnChain monitoring, a whale investor withdrew 812,665 USDC from a CEX about 3 hours ago and transferred it to the HyperLiquid platform. The investor is currently shorting 150,000 HYPE, valued at approximately $3.05 million, and has placed multiple orders between $19.45 and $21.20.