Jupiter Staking Rewards Now Live, Claims Open Tomorrow!

Key Points:

• Jupiter’s ASR claims go live tomorrow and end on August 6, allowing users to claim rewards.
• JUP tokens will be automatically staked, with other tokens sent to users’ walleActive Staking Rewardsts.

Jupiter staking rewards (ASR) claims start tomorrow for a month, ending August 6. JUP tokens are auto-staked; other tokens go to wallets. The program aims to boost participation and simplify governance.

Jupiter Staking Rewards Now Live, Claims Open Tomorrow!

Jupiter, a Solana ecosystem trading aggregator, has finally opened its avenue for active staking rewards (ASR) claims. Claims go live tomorrow and run for one month, ending on August 6.

Jupiter Staking Rewards Program Details

ASR rewards are actively claimable by users, and JUP tokens shall be automatically staked while the other tokens will be sent to the users’ wallets. In October, Jupiter will deploy the remaining 50 million JUP for another round of active staking rewards.

You can now preview your ASR allocations before claiming on Saturday at 1 PM UTC / 9 AM EST.https://t.co/LOCSp7xZgT

These tokens will be claimable for 1 month, ending August 6th, at 1 PM UTC / 9 AM EST.

— Jupiter 🪐 (@JupiterExchange) July 5, 2024

The primary goals for designing ASR were to reward the most active participants in the Jupiverse, boost participation, and maintain simplicity.

Instead of locking up as many JUP tokens as possible, the focus is on wide participation. The simplicity of the process aims to onboard a large user base, especially first-time governance participants.

Readmore: SBF Family Linked To FTX $100 Million Scandal, WSJ Reveals

Unstaking Process and Long-Term Goals

Starting in July, the first ASR rewards will be paid out at the end of March – June. Claims of the JUP tokens would be added directly to the current stake accounts, increasing voting power to those that stake and vote quarterly.

However, technical restrictions allow users to unstaking JUP with 15 days left to claim rewards within the next 15 days. It will unstake and complete or cancel processing as the case may be to claim ASR rewards if unstaking.

ASR is an innovative experiment in voter alignment to keep DAO participants active. Over 1M JUP in launchpad fees will be deployed toward this in the next six months. The long-term goal is to have the ASR program be an ongoing process and to onboard new retail DeFi voters.

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