After a rigorous selection process, Happy to share that we will be working with @Coincoverglobal, a professional blockchain custodian, they will be coming on as the 4th external signer for the JUP cold wallets.

With 4/7 signers being external parties, this setup greatly enhances the security of the cold wallets while ensuring that any usage of JUP tokens in the wallets will be communicated externally in advance.

Key details about this setup have been covered in this post, written before the launch: https://www.jupresear.ch/t/jup-minting-and-accountability/464

CoinCover will step in in emergency situations, such as the loss of multiple signor key or situations that may require moving of funds for safe keeping.

We are incredibly happy to have them on and eternally thankful to the rest of our external signers: @SimkinStepan, @0xMert_, @CarryWorm -- for being part of the effort!