Jupiter DAO is about to open the first round of LFG Launchpad voting, take a quick look at 3 candidate projects

Jupiter DAO is about to hold its first vote to select the top two projects on the LFG launchpad, and the selected projects will have the opportunity to issue tokens through the platform. This critical decision-making process will begin at 10 a.m. (ET) on March 7 and last 72 hours.

LFG Launchpad process and incentives

1.Jupresear.chForum posting (completed)

2. Candidate project promotion (completed)

3.DAO voting: March 7, 10:00 am Eastern Time (open for 72 hours)

4. Launch: After voting, the working group will coordinate with the selected projects and the Jupiter team to determine Launch date.

Voting Incentives

·100 million JUP and 75% of Launchpad fees will be used for governance incentives. Rewards will be distributed quarterly.

Understand the voting landscape

When participating in voting, it is important to understand how voting works. Instructions include locking JUP tokens to gain voting rights, voting on proposals and LFG candidate projects, and unlocking the tokens after 30 days with voting rights gradually waning. Please note that there is no minimum amount of tokens to lock, ensuring everyone can participate. In addition, all proposals and votes will receive voting rewards, and more reward details will be announced later.

Top Three Candidate Projects

The ranking is based on potential impact on the Solana ecosystem, taking into account factors such as innovation, community support, and overall contribution to the growth and development of the platform.

1. Zeus Network: Cross-chain Communication Layer

·Description: Zeus Network acts as a secure verification link that facilitates permissionless communication between Solana and the Bitcoin ecosystem.

· Features: Zeus Network integrates Bitcoin’s liquidity into Solana’s high-performance blockchain, facilitating decentralized cross-chain communication and potentially bringing billions to the Solana ecosystem USD liquidity.

·LFG Launchpad proposal: https://www.jupresear.ch/t/lfg-launchpad-introduction-bitcoin-zeus-network-solana/5357

2. SharkyFi: NFT Lending Protocol

·Description: SharkyFi provides a unique platform where users can provide loans for NFTs in a select series.

· Features: With SharkyFi, holders have the flexibility to instantly borrow the NFT of their choice, earn rewards as a lender, or gain instant liquidity as a borrower.

·LFG Launchpad proposal: https://www.jupresear.ch/t/sharky-1-nft-lending-protocol-shark-application-for-lfg/5440

3. UpRock: DePIN for the Idle Internet

·Description: UpRock operates as a decentralized physical infrastructure (DePIN) network focused on leveraging data intelligence.

·Features: Through UpRock, users have the opportunity to share idle Internet resources and contribute to the collective data intelligence ecosystem, while earning $UPT tokens in return.

·LFG Launchpad proposal: https://www.jupresear.ch/t/introducing-uprock-depin-for-ai-share-your-idle-internet-and-earn-upt/ 5338

Other projects

·https://www.jupresear.ch/t/round-1-of-lfg-voting/8455

How to vote?

1. Visit: https://vote.jup.ag/

2. Connect wallet

3. Add JUP to gain voting rights.

4. Select an item and vote.

Voting rules?

1. Holders lock JUP and vote for LFG candidate projects or proposals. You can unlock it at any time, but it takes 30 days to unlock.

2. There is no minimum number of tokens required for voting.

3.1 wallet can only vote for 1 project.

Reference:

·https://www.jupresear.ch/t/round-1-of-lfg-voting/8455

·https://x.com/JupiterExchange/status/1764711754461044829?s=20

·https://twitter.com/weremeow/status/1762748221409915015?s =46

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https://www.jupresear.ch/t/lfg-launchpad-from-application-to-the-lfg-launch/7340

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https://www.jupresear.ch/t/dao-x-vote-faq/7418

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