Jupiter Launches New Round of Active Staking Rewards on Solana

2024-10-22
Jupiter Launches New Round of Active Staking Rewards on Solana

Jupiter, one of the top decentralized exchange (DEX) aggregators on Solana, is ramping up its community engagement with the launch of a new active staking rewards (ASR) campaign. This latest initiative will see the distribution of 50 million JUP tokens and 7.5 million CLOUD tokens, encouraging users to actively stake and vote on important issues within the ecosystem.

Jupiter's goal is not only to incentivize long-term participation but also to maintain a balanced token distribution to stabilize the JUP price while fostering its growing influence within Solana’s DeFi space.

The campaign, which runs through December 31, offers users an opportunity to contribute to the project’s direction through governance, all while earning rewards for their involvement. Jupiter’s rewards program aims to go beyond typical airdrops by focusing on committed participants who are interested in driving the platform forward, rather than those simply looking for short-term gains.

As the fourth-largest app on Solana, Jupiter plays a key role in the chain’s recent activity surge, further fueled by the rise of meme token trading and the platform’s robust suite of trading tools.

Key Takeaways

  1. Jupiter’s ASR campaign distributes 50 million JUP tokens and 7.5 million CLOUD tokens, encouraging community participation in staking and voting until December 31.
  2. The ASR rewards are locked with a 15-day cooldown period for release, supporting a gradual distribution that balances token supply and price stability.
  3. Jupiter remains a major player on Solana, contributing to $1.2 billion in daily trading volumes and benefiting from the rise of meme token trading and low-value transactions.

Jupiter’s Active Staking Rewards Campaign Overview

Jupiter, known for its role in aggregating decentralized exchanges on Solana, has launched another round of active staking rewards. With 50 million JUP and 7.5 million CLOUD tokens available for distribution, the new campaign is designed to engage users more deeply in governance and long-term participation within the ecosystem. This round follows the successful 2024 Jupuary event and brings in similar mechanics, focusing on rewarding both organic and incentivized activity.

The ASR rewards are part of the user’s staked balance and come with a 15-day cooldown period before they can be released. Participants also have the opportunity to earn tokens from LFT launchpad projects like CLOUD, with rewards sent directly to the stakers.

This initiative underscores Jupiter's effort to incentivize more than just token holders—it's about engaging active participants in governance votes and staking activities. Jupiter's careful distribution of JUP tokens is intended to avoid market dumps while maintaining a robust token economy that aligns with long-term ecosystem health.

As of October 21, JUP trades at around $0.95, with more than 67% of the total supply unlocked. While this can create pressure on the price, the project aims to stabilize the token's value by encouraging staking and long-term lockups rather than focusing solely on high rewards.

The ASR program aligns with this approach by offering participants a way to gain value without selling tokens on the open market, thus keeping the project’s tokenomics intact.

Jupiter and Solana’s Growing DeFi Ecosystem

Jupiter’s influence within Solana’s ecosystem is undeniable, as it handles over $1.2 billion in daily trading volume and aggregates more than 26 million transactions in a day. Much of this activity is driven by small-value trades, often involving meme tokens.

Solana itself has seen a resurgence, with its value locked increasing to $6.26 billion and trading volumes climbing thanks to platforms like Jupiter and Raydium.

Despite Solana’s fast-paced, bot-driven trading environment, Jupiter is carving out a space for real community engagement. The platform aims to enhance the user experience with better slippage management, reduced transaction failures, and optimized fees.

Moreover, Jupiter has expanded its services to include perpetual futures trading and a mobile-friendly experience, further solidifying its place as a key player in the decentralized finance (DeFi) landscape.

 

Read more about Solana (SOL):

Solana (SOL), Market Cap, Price Today & Chart History

Solana (SOL) Price Today

How to buy Solana (SOL)

SOL to USD: Convert Solana to US Dollar

How to Stake Solana (SOL)

 

In addition to trading services, Jupiter offers developers access to its liquidity data through the Metropolis API and provides a launchpad through LPG for fair token distribution. These initiatives have attracted partnerships and helped Jupiter grow from a niche experimental app to a cornerstone of the Solana ecosystem.

By tapping into meme token trading, professional tools like ApePro, and broader DeFi adoption, Jupiter is well-positioned to continue expanding its footprint.

FAQs

What is Jupiter’s active staking rewards (ASR) campaign?

The ASR campaign is a new initiative launched by Jupiter to encourage users to participate in staking and governance voting by distributing 50M JUP tokens and 7.5M CLOUD tokens.

When does the current staking rewards campaign end?

The current ASR campaign runs until December 31, allowing users to claim rewards based on their participation in community voting and staking activities.

How are the ASR rewards distributed?

ASR rewards are added to users’ existing staked balances and locked with a 15-day cooldown period before they can be released, supporting a gradual and controlled token distribution strategy.

Disclaimer: The content of this article does not constitute financial or investment advice.

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