Jupiter DAO Wallet Receives $127 Million Injection for Long-Term Incentives!

According to Foresight News, Solana-based decentralized exchange (DEX) aggregator Jupiter has announced the injection of 10 million USDC and 100 million JUP tokens (currently valued at $127 million) into the Jupiter DAO wallet. This funding will enable the DAO to provide financial support and long-term incentives for contributors.

Jupiter DAO will also be responsible for funding key initiatives, including working groups, public products, and community work. To ensure the DAO can execute these critical tasks in the long term, Jupiter aims to replenish the same budget annually. The funds are stored in a multi-signature DAO composed of three team members and CWG's c2yptic.