Future

Jupiter

Rewards

<ul>
 <li>Jupiter Exchange distributes $60M in staking rewards, rewarding JUP DAO participants from the last three months.&nbsp;</li>
 <li>PayPal’s PYUSD stablecoin now integrated into Jupiter’s DEX, enhancing transaction options for users.&nbsp;</li>
 <li>Upcoming events on Jupiter include token launches and critical votes, marking an active few months ahead.&nbsp;</li>
</ul>
<p>Jupiter Exchange has announced a <a href="https://cryptonewsland.com/jupiter-dex-embraces-blinks-unveiling-the-future-of-decentralized-exchanges-will-jup-set-a-new-ath/" rel="noopener noreferrer nofollow">major distribution</a> of Active Staking Rewards (ASR) worth approximately $60 million to participants of its JUP DAO over the past three months. This distribution, which includes a variety of tokens, aims to reward users for their voting activity and staked JUP tokens.</p>
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   <p lang="en" dir="ltr">BREAKING: <a href="https://twitter.com/JupiterExchange?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@JupiterExchange</a> TO DISTRIBUTE $60M WORTH OF ACTIVE STAKING REWARDS THIS WEEK TO JUP DAO PARTICIPANTS OF THE PAST 3 MONTHS – POOL TO INCLUDE 50M <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$JUP</a>, 7.5B <a href="https://twitter.com/search?q=%24WEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WEN</a> (<a href="https://twitter.com/wenwencoin?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@wenwencoin</a>), 7.5M <a href="https://twitter.com/search?q=%24ZEUS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ZEUS</a> (<a href="https://twitter.com/ZeusNetworkHQ?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ZeusNetworkHQ</a>), 7.5M <a href="https://twitter.com/search?q=%24UPT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$UPT</a> (<a href="https://twitter.com/UpRockCom?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@UpRockCom</a>), AND 750K <a href="https://twitter.com/search?q=%24SHARK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHARK</a> (<a href="https://twitter.com/SharkyFi?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SharkyFi</a>) <a href="https://t.co/Ie5GNCYarU" rel="noopener noreferrer nofollow">pic.twitter.com/Ie5GNCYarU</a></p>— DEGEN NEWS (@DegenerateNews) <a href="https://twitter.com/DegenerateNews/status/1808143653002490201?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a>
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<p><strong>Staking Rewards Distribution</strong></p>
<p>Jupiter Exchange’s <a href="https://cryptonewsland.com/jupiter-exchange-announces-major-developments-pyusd-integration-and-upcoming-token-launches/" rel="noopener noreferrer nofollow">upcoming reward distribution</a> shows its commitment to incentivizing community participation. Users who have voted on any JUP DAO proposals in the last three months are eligible to receive ASR.&nbsp;</p>
<p>The reward pool consists of 50 million JUP, 7.5 billion WEN, 7.5 million ZEUS, 7.5 million UPT, and 750,000 SHARK tokens. JUP tokens will be staked automatically, while the other tokens will be available for claim on the new ASR page.</p>
<p>Participants in the unstaking process must wait until their JUP tokens are fully unstaked or cancel the unstake to claim their JUP ASR. The ASR page, expected to launch soon, will provide a summary of voting activity and allocated rewards. Jupiter encourages users to direct their questions to its Discord channel or respond to the announcement.</p>
<p><strong>Integration of PayPal’s PYUSD</strong></p>
<p>Jupiter Exchange has integrated PayPal’s stablecoin, PYUSD, into its decentralized exchange (DEX) as of July 1. This integration expands Jupiter’s digital asset offerings and aims to provide users with more transaction options. PYUSD will be available across all platforms integrated with Jupiter, including Sphere Labs and Helio Pay. This development could potentially increase Jupiter’s user base and transaction volume.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">JUST IN: <a href="https://twitter.com/PayPal?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@PayPal</a>'s <a href="https://twitter.com/search?q=%24PYUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PYUSD</a> goes live on <a href="https://twitter.com/JupiterExchange?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@JupiterExchange</a>.<br><br> <a href="https://t.co/foQDfSsk7z" rel="noopener noreferrer nofollow">pic.twitter.com/foQDfSsk7z</a></p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1807768515371565276?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a>
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<p><strong>Future Events and Token Launches</strong></p>
<p>Jupiter Exchange has outlined several events planned for the <a href="https://x.com/JupiterExchange/status/1807792180112847237" rel="noopener noreferrer nofollow">coming months</a>. In mid-July, the CLOUD token from Sanctumso will be launched on Jupiter’s LFG launchpad. The Jupiverse will conduct three critical votes, launch two new tokens, and reward Catdets.</p>
<p>July will also feature the inaugural ASR claim for users who voted on proposals from March to June. Additionally, the first J4J vote will take place, focusing on reducing long-term emissions and the JUP token supply by 30%.</p>
<p>In August, a vote on the continuation of Jupuaries will be held. Jupuaries involve users receiving a JUP airdrop for using Jupiter products. The month will conclude with deBridgeFinance launching its $DBR token on the LFG launchpad and a vote on renewing ASR beyond the first two quarters.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/jupiter-exchange-announces-major-developments-pyusd-integration-and-upcoming-token-launches/" rel="noopener noreferrer nofollow">Jupiter Exchange Announces Major Developments: PYUSD Integration and Upcoming Token Launches</a></li>
 <li><a href="https://cryptonewsland.com/huobi-becomes-first-exchange-to-list-paypals-pyusd/" rel="noopener noreferrer nofollow">Huobi Becomes First Exchange to List PayPal’s PYUSD</a></li>
 <li><a href="https://cryptonewsland.com/coinbase-announces-support-for-paypals-pyusd-stablecoin/" rel="noopener noreferrer nofollow">Coinbase Announces Support for PayPal’s PYUSD Stablecoin</a></li>
 <li><a href="https://cryptonewsland.com/sol-and-jup-introduce-the-giant-unified-markets-initiative-gum-to-mobilize-all-assets-into-jupiter-on-solana-for-greater-crypto-adoption/" rel="noopener noreferrer nofollow">SOL and JUP Introduce the Giant Unified Markets Initiative (GUM) to Mobilize All Assets Into Jupiter on Solana for Greater Crypto Adoption</a></li>
 <li><a href="https://cryptonewsland.com/jupiter-dex-embraces-blinks-unveiling-the-future-of-decentralized-exchanges-will-jup-set-a-new-ath/" rel="noopener noreferrer nofollow">Jupiter DEX Embraces Blinks Unveiling the Future of Decentralized Exchanges, Will JUP Set a New ATH?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/jupiter-exchange-distributes-60m-in-staking-rewards-to-jup-dao-participants/" rel="noopener noreferrer nofollow">Jupiter Exchange Distributes $60M in Staking Rewards to JUP DAO Participants</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Jupiter Exchange Distributes $60M in Staking Rewards to JUP DAO Participants

Crypto News Land

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