Jupiter DAO members slam ‘unacceptable’ voting power of project team

Description

Jupiter DAO members criticize team's excessive voting power after discovering team wallet with 24+ million JUP tokens, highlighting past controversies over large compensation packages.

Authors

Tim Craig

Publish date

June 16, 2025

Publisher

DL News

Web URL

https://www.dlnews.com/articles/defi/jupiter-dao-members-slam-unacceptable-voting-power-of-project-team

Referenced by

Jupiter pauses voting until 2026

Crypto news

News story

“This is completely wrong and unacceptable. Honestly, I’m shocked that there are team wallets holding such a massive amount of JUP with voting rights.”

Crypto news

Quote

DAOs, or decentralised autonomous organisations, are a governance model popular among crypto projects. They work by letting holders of tradable tokens propose and vote on changes to a DeFi protocol and how it should allocate funds.

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