Jupiter to Distribute $60 Million in Active Staking Rewards This Week

Jupiter, the leading DEX aggregator and Perps exchange on Solana, has announced the imminent distribution of approximately $60 million in Active Staking Rewards (ASR) to eligible participants. 

The rewards, comprising 50 million $JUP, 7.5 billion $WEN, 7.5 million $ZEUS, 7.5 million $UPT, and 750,000 $SHARK, will be allocated to users who have voted on JUP DAO proposals in the past three months. 

The success of the ASR system is evident in the increased staking activity since its announcement. To date, 282,237,869 $JUP tokens have been staked by 520,199 wallets, highlighting the community's enthusiasm for the program, driven by the significant incentives announced in ASR to encourage participation.

The $JUP portion of the rewards will be automatically staked for recipients, while the remaining tokens can be claimed via a dedicated ASR page on Jupiter's website. Users who are currently in the process of fully unstaking their $JUP will need to wait for the process to complete or cancel their unstaking request before claiming their $JUP ASR.

A new ASR page, providing a summary of users' voting activity and allocated rewards, is expected to be launched soon.

Upcoming Governance Votes

The future of the ASR program, along with other key aspects of the Jupiter ecosystem, will be decided by the community through upcoming governance votes. In late July, a pivotal vote will determine whether to reduce long-term emissions and the $JUP token supply by 30%. In August, the community will vote on whether to continue Jupuaries, a program that airdrops $JUP tokens to users of Jupiter products. Finally, a vote in late August will decide whether to extend ASR rewards beyond the first two quarters.

More information on the exact date and time for the ASR claim to go live, along with other details, is expected to be announced by Jupiter soon.