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Jupiter launches the first round of Launchpad voting, how do users participate?

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Jupiter DAO launched its first ever voting, which started on March 7 and lasted for 72 hours.

Original author: JUP

Original compilation: Deep Wave TechFlow

Jupiter DAO plans to launch its first-ever voting, select The first two projects on the LFG launch platform where selected projects can launch their tokens. This critical decision-making process began at 10 a.m. ET on March 7 and lasted 72 hours.

4-step process of LFG launch platform

1.Jupresear.ch forum post (completed)

2. Candidate Project introduction (completed)

3.DAO voting: March 7, 10 a.m. Eastern Time (lasted 72 hours)

4. Launch: After the voting closes, the working group will coordinate with the approved projects and the Jupiter team to determine their launch date.

Voter Incentives

· $100 million JUP and 75% of launch platform costs will be used Incentives for governance. Rewards will be distributed quarterly.

Understanding Voting

As voters become involved, it is critical to understand how the voting process works important. Instructions involve locking JUP tokens to gain voting rights, voting on proposals and LFG candidate projects, and unlocking the tokens after 30 days with gradually decreasing voting rights. It’s worth noting that there are no minimum requirements to lock up tokens, ensuring everyone can participate. In addition, voting rewards will be available for all proposals and votes, and more details on rewards will be announced soon.

Top three potential candidates

This ranking is based on the Solana ecosystem Potential impact is determined based on factors including innovation, community support, and overall contribution to the growth and development of the platform.

1.Zeus Network: Cross-chain communication layer

· Description: Zeus Network acts as a secure verification link, facilitating permissionless communication between Solana and the Bitcoin ecosystem.

· Features: Integrating Bitcoin liquidity into Solana’s high-performance blockchain, Zeus Network facilitates decentralized cross-chain communication and has the potential to bring billions of liquidity to the Solana ecosystem .

· LFG Launch Platform Proposal

2.SharkyFi: NFT Lending Agreement

· Description: SharkyFi provides a unique platform where users can lend against NFTs from a curated collection.

· Features: With SharkyFi, holders have the flexibility to instantly borrow NFTs of their choice, earn rewards as a lender, and receive instant liquidity as a borrower.

· LFG Launch Platform Proposal

3.UpRock: for Idle Internet DePIN

· Description: UpRock operates as a Distributed Physical Infrastructure (DePIN) network and specializes in leveraging data intelligence.

· Features: Through UpRock, users have the opportunity to share their idle internet resources and contribute to the collective data intelligence ecosystem while earning $UPT tokens as Return.

· LFG Launch Platform Proposal

For other projects, please click here.