By
Everything About Claiming Jupiter’s ASR Rewards
https://ift.tt/vem1sPa
Understanding how Jupiter’s innovative ASR (Active Stake Rewards) system works is essential.
It will help you maximize your benefits and enhance your participation in its DAO governance. Let’s explore more about the ASR rewards.
What are ASR Rewards and How do they Work?
DAOs often struggle with resource distribution and maintaining member engagement. Jupiter Exchange’s solution is ASR, designed to empower the most active DAO members by increasing their voting power. Unlike typical airdrops or APY farms, ASR distributes tokens to committed members who regularly participate in votes, enhancing their influence within the DAO.
Source: X
The ASR rewards pool comprises all the LFG fees and 50 million JUP tokens. These are distributed evenly across each vote based on participants’ voting power. Each vote allocates approximately 7.1 million JUP, except for the three workgroup trials, which each distribute one-third of this amount. Your rewards depend on your voting participation and the amount of voting power you wield in each vote.
To encourage increased voting power, the JUP portion of the rewards will be automatically staked. If you are currently unstaking, you will need to complete this process before claiming your rewards. However, other tokens from the rewards pool are immediately claimable, allowing you to participate in the upcoming votes with increased voting power.
Upcoming Votes and ASR Continuation & How to Claim Your Rewards
Three significant votes are on the horizon, and your increased voting power will be crucial. One of these votes will decide whether to continue the ASR program, as the current allocation is limited to 50 million JUP for the next quarter. Your participation will help shape the future of ASR and the broader governance of the DAO.
Source: X
On July 5th, Jupiter Exchange will launch a website where you can review your rewards and see a summary of your voting activity. This site will provide a comprehensive overview of your contributions and the rewards you’ve earned.
To stay updated, keep an eye on Jupiter Exchange’s X account for announcements.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Everything About Claiming Jupiter’s ASR Rewards appeared first on Altcoin Buzz.
news
via Altcoin Buzz https://ift.tt/vhJaHZr
July 5, 2024 at 06:26AM
July 5, 2024 at 06:30AM
via Altcoin Buzz https://ift.tt/vem1sPa