$JUP WE LOVE YOU 😍

Next week, there will be a number of important events for the JUP DAO.

Firstly, the proposal to Fund the Core Working Group will go live. The CWG has been working tirelessly to support the J.U.P community by bootstrapping and taking on crucial processes such as the LFG initiative, the Voting platform, and the Token-List. This is the first WG vote, and an important one for confirming how WGs will work moving forward.

Secondly, the JUP DAO will be officially capitalized with 10M USDC (for operational funding) and 100M JUP. The funds will be moved to a separate DAO wallet. This 10M USDC is from revenues and 100M JUP from the community allocation. This will enable the DAO to participate in public goods funding and executing on its mandate to grow Jupiverse.

Thirdly, community discussions around the grants program will begin! We are looking to start allowing anyone to request funds either for efforts to grow the Jupiverse or for public goods funding. We want to start the community input and discussion around this before working to formalize it..

Next week is a crucial step for the JUP DAO, and we are excited to be working with everyone along with us on this journey!