Solana DEX Jupiter Pauses DAO Votes, Citing Breakdown in Trust

Solana's decentralized exchange, Jupiter, has decided to pause DAO votes until the end of 2025, citing inefficiencies in the current governance structure. Executive Kash Dhanda emphasized the need for a fresh approach to foster collaboration within the protocol, now facing a "critical period" for DeFi. Active staking rewards will continue, but no new DAO-funded initiatives will be introduced. This move follows Yuga Labs' recent abandonment of its ApeCoin DAO due to similar concerns. With Jupiter's value dipping 21.8% recently, the community is left wondering about the future of their investments. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk