Jupiter suspends the DAO vote until 2026
The post Jupiter suspends the DAO vote until 2026 appeared on BitcoinEthereumNews.com. The decentralized protocol Jupiter, one of the main decentralized exchanges (DEX) based on Solana, has announced the suspension of the DAO governance vote until 2026, to focus on more effective growth of DeFi. This decision marks a turning point for the project, according to the words of Kash Dhanda, chief operating officer of Jupiter. The DAO vote suspended by Jupiter to optimize DeFi growth Jupiter has chosen to temporarily halt the DAO-based decision-making process because it is currently not working as intended. In the recent announcement, Dhanda emphasized that decentralized governance has been trapped in a negative feedback loop, which slows down the implementation of projects and creates divisions within the community. “`html As a result, the interruption of the vote aims primarily to allow the team to work with greater speed and efficiency, prioritizing practical execution rather than governance that today appears unproductive. Dhanda stated: “The window to define the future of DeFi is open, but it will not remain open for long.” “` The vote will remain suspended until 2026, when Jupiter plans to resume it with a new and strengthened approach. This new model aims to unify the community instead of dividing it, thus overcoming the current obstacles to collaboration and growth. During this break, new voting proposals will not be accepted, but all ongoing activities and working groups will continue to be supported and funded. Additionally, staking rewards will remain active, ensuring continuity for the users involved. The COO of Jupiter highlighted the need to maintain a “laser” focus on growth, prioritizing implementation and technical optimization from now until 2026. This implies a greater attention to the practical aspects of DeFi, such as transaction speed and protocol stability, crucial elements for success on Solana. Dhanda emphasized that suspending the DAO vote does not mean abandoning decentralized…
The post Jupiter suspends the DAO vote until 2026 appeared on BitcoinEthereumNews.com.
The decentralized protocol Jupiter, one of the main decentralized exchanges (DEX) based on Solana, has announced the suspension of the DAO governance vote until 2026, to focus on more effective growth of DeFi. This decision marks a turning point for the project, according to the words of Kash Dhanda, chief operating officer of Jupiter. The DAO vote suspended by Jupiter to optimize DeFi growth Jupiter has chosen to temporarily halt the DAO-based decision-making process because it is currently not working as intended. In the recent announcement, Dhanda emphasized that decentralized governance has been trapped in a negative feedback loop, which slows down the implementation of projects and creates divisions within the community. “`html As a result, the interruption of the vote aims primarily to allow the team to work with greater speed and efficiency, prioritizing practical execution rather than governance that today appears unproductive. Dhanda stated: “The window to define the future of DeFi is open, but it will not remain open for long.” “` The vote will remain suspended until 2026, when Jupiter plans to resume it with a new and strengthened approach. This new model aims to unify the community instead of dividing it, thus overcoming the current obstacles to collaboration and growth. During this break, new voting proposals will not be accepted, but all ongoing activities and working groups will continue to be supported and funded. Additionally, staking rewards will remain active, ensuring continuity for the users involved. The COO of Jupiter highlighted the need to maintain a “laser” focus on growth, prioritizing implementation and technical optimization from now until 2026. This implies a greater attention to the practical aspects of DeFi, such as transaction speed and protocol stability, crucial elements for success on Solana. Dhanda emphasized that suspending the DAO vote does not mean abandoning decentralized…
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