Jupiter Joint Creation's "Lock-in for 2030" proposal is now open for voting. If passed, its JUP holdings will rise to 7% of the total supply in five years

PANews March 7 Report, Jupiter co-founder Meow has proposed the "2030 Lock-In" proposal, which is now open for voting. The proposal presents three options:

1. Approve – Meow will pre-supply 280 million JUP and lock it until 2030 in exchange for a 220 million JUP reward.
2. Reject – The 280 million JUP will come from the team’s strategic reserve, and Meow’s JUP will unlock as originally planned in June 2026.
3. Abstain – No vote on the proposal.

If Option 1 is approved but the community deems it unworthy, they can exercise a veto power to adjust or cancel the reward.

According to Meow, Jupiter’s new team members have been allocated approximately 280 million JUP (with a 3-4 year vesting period). Initially, the plan was to release the required JUP from the team’s strategic reserve. Now, Meow intends to pre-supply his entire JUP allocation (approximately 283 million JUP after a 30% deduction) to cover these allocations while seeking strong support from the DAO and community. In return, he will lock his JUP for five years and, in 2030, request a reward of 220 million JUP.

Meow stated:
"I want to have greater ownership of the protocol I built from scratch. Receiving 220 million JUP from the community reserve, combined with the 280 million JUP I will already own, would bring my total holdings to 500 million JUP by 2030, which is 7% of the current total supply. Considering that I built Jupiter from the ground up, went through more than four years of challenges to bring it to where it is today, and committed to a five-year lock, I believe that 7% is not excessive if Jupiter continues to perform well during this period."