The funds will be used to support ecosystem initiatives and reward long-term contributors.
Solana decentralized exchange (DEX) Jupiter is allocating 10 million USD Coin (USDC) and 100 million of its native JUP token ($127 million), worth a combined $137 million at the time of publication, to kickstart its Jupiter DAO.
As жарыялады on March 27, the budget “provides the DAO the capability to fund the ideas with USDC and have the JUP allocation for long term incentive alignment with J.U.P Catributors,” Jupiter wrote, continuing: “To ensure that the DAO will be able to execute on these crucial things over the long term, we will aim to top up the same budget on a yearly basis.”
For additional contributions, Jupiter raised the following example:
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Source: https://cointelegraph.com/news/solana-jupiter-dex-kickstarts-native-dao-137-million-initial-capital