Jupiter DAO will launch its first vote to select the top two projects for the LFG launchpad, and the selected projects will be able to issue tokens through the platform. This crucial decision-making process will begin at 10:00 AM on March 7th (US Eastern Time) and will last for 72 hours.

Process and Incentives for LFG Launchpad

1. Posting on the Jupresear.ch forum (completed)
2. Introduction of candidate projects (completed)
3. DAO vote: March 7th at 10:00 AM US Eastern Time (open for 72 hours)
4. Launch: After the vote, the working group will coordinate with the selected projects and the Jupiter team to determine the launch date.

Voting Incentives

• 1 billion JUP and 75% of Launchpad fees will be used for governance incentives. Rewards will be distributed quarterly.

Understanding the Voting Process

It is crucial to understand how the voting process works when participating in the vote. Instructions include locking JUP tokens to gain voting rights, voting on proposals and LFG candidate projects, unlocking tokens after 30 days, and gradually diminishing voting rights. Please note that there is no minimum token lock requirement to ensure that everyone can participate. Additionally, all proposals and votes will receive voting rewards, with more details on rewards to be announced later.

Top Three Candidate Projects

The ranking is determined based on the potential impact on the Solana ecosystem, considering factors such as innovation, community support, and overall contribution to the platform's growth and development.

1. Zeus Network: Cross-Chain Communication Layer

• Description: Zeus Network serves as a secure verification link to facilitate permissionless communication between the Solana and Bitcoin ecosystems.
• Function: Zeus Network integrates Bitcoin liquidity into Solana's high-performance blockchain, facilitating decentralized cross-chain communication and potentially bringing billions of dollars in liquidity to the Solana ecosystem.
• LFG Launchpad Proposal: https://www.jupresear.ch/t/lfg-launchpad-introduction-bitcoin-zeus-network-solana/5357

2. SharkyFi: NFT Lending Protocol

• Description: SharkyFi provides a unique platform where users can provide loans for NFTs in selected collections.
• Function: Through SharkyFi, holders can flexibly borrow their chosen NFTs, earning rewards as lenders or gaining immediate liquidity as borrowers.
• LFG Launchpad Proposal: https://www.jupresear.ch/t/sharky-1-nft-lending-protocol-shark-application-for-lfg/5440

3. UpRock: DePIN for Idle Internet

• Description: UpRock operates as a decentralized physical infrastructure network (DePIN) focused on utilizing data intelligence.
• Function: Through UpRock, users have the opportunity to share idle internet resources, contribute to the collective data intelligence ecosystem, and earn $UPT tokens as a reward.
• LFG Launchpad Proposal: https://www.jupresear.ch/t/introducing-uprock-depin-for-ai-share-your-idle-internet-and-earn-upt/5338

Other Projects

• https://www.jupresear.ch/t/round-1-of-lfg-voting/8455

How to Vote?

1. Visit: https://vote.jup.ag/
2. Connect your wallet
3. Add JUP to gain voting rights
4. Select a project and vote

Voting Rules

1. Holders lock JUP to vote for LFG candidate projects or proposals. You can unlock at any time, but unlocking requires 30 days.
2. There is no minimum token lock requirement for voting.
3. Each wallet can only vote for one project.

References:

• https://www.jupresear.ch/t/round-1-of-lfg-voting/8455
• https://x.com/JupiterExchange/status/1764711754461044829?s=20
• https://twitter.com/weremeow/status/1762748221409915015?s=46
• https://www.jupresear.ch/t/lfg-launchpad-from-application-to-the-lfg-launch/7340
• https://www.jupresear.ch/t/dao-x-vote-faq/7418

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。