Jupiter's proposal to reduce net JUP releases to zero was approved by vote.

PANews reported on February 22 that Jupiter's vote on "reducing the net release of future tokens to zero" officially ended today, with the community ultimately passing the proposal with a 75% approval rate.

As previously reported, the proposal aims to reduce the net release of JUP tokens to zero in the foreseeable future. Specific measures include: postponing the Jupuary airdrop plan and returning 700 million tokens to the community cold wallet multisignature address, while retaining the original airdrop snapshot; suspending the release of team tokens, which will be directly covered by Jupiter's balance sheet if there is a liquidity need; accelerating the unlocking of Mercurial tokens and hedging selling pressure by purchasing an equivalent amount of $JUP.