logo

Jupiter Core Working Group (CWG) Announces Disbandment, Returning 4.5 Million JUP to the DAO

By: theblockbeats.news|2025/07/03 10:01:44

BlockBeats News, July 3rd, Jupiter announced on social media that, after a comprehensive evaluation, it has confirmed that the original 4-year CWG mission has been essentially completed as the DAO enters a 6-month voting suspension and reset phase. Although there are still a few outstanding items, the current DAO ecosystem has evolved to a stage where the originally envisioned core working group is no longer needed—CWG's functional framework was designed for a DAO era different from today's.


Morten will join the Jupiter team full-time as an Operations and Quality Control Engineer. Kemo will return to lead his project Radiants while retaining his community membership. The remaining members will complete the work handover within two weeks. The CWG has decided to fully refund 4.5 million JUP tokens to the DAO treasury.

Stables Labs' stablecoin USDX is now available for collateralized borrowing on Lista DAO for USD1.
US Stock Market: HOOD Pre-market Down by About 2%, Earlier OpenAI Denied Any Association with Robinhood Coin

You may also like

Share
copy

Gainers

Latest Crypto News

14:45

Brevis is collaborating with Kaito to provide verifiable Mindshare data for Polymarket

14:45

MON on Coinbase Dips to $0.0205, Down 18% from Public Sale Price

14:45

Grayscale XRP Trust Spot ETF GXRP commenced trading today.

14:45

UBS: Fed's Next Meeting Timing 'Awkward,' Not Ruled Out Delaying Meeting for Data

14:45

US Stocks Rise in Early Trading, Crypto Stocks Gain, COIN Up 2.57%

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]