Jupiter DAO's First LFG Launchpad Voting Round

About Jupiter LFG Launchpad

Jupiter DAO is set to initiate its first-ever vote, selecting the top two projects for the LFG launchpad, where the chosen projects can launch their tokens. This pivotal decision-making process starts on March 7th at 10 am EST and spans over a 72-hour period.

4-step process for LFG Launchpad

1. Jupresear.ch Forum Post (Completed)
2. Candidate Introduction (Completed)
3. DAO Voting: March 7th at 10 am EST  (Open for 72 hours)
4. Launch: After the vote, the working groups will coordinate with the approved projects and the Jupiter team to set their launch dates.

Voter Incentives

• 100 million $JUP and 75% of launchpad fees will be allocated towards governance incentives. Rewards will be distributed quarterly.

Understanding the Voting Landscape

As voters participate, it's important to understand how the voting process works. Instructions involve locking JUP tokens to gain voting power, voting on proposals and LFG candidates, and unlocking tokens after 30 days with voting power decreasing gradually. It's worth noting that there's no minimum token requirement for locking, ensuring everyone can participate. Moreover, rewards for voting will be provided for all proposals and votes, with more details on rewards coming soon.

Top 3 Potential Candidate Projects

This ranking is determined by the potential impact on the Solana ecosystem, considering factors such as innovation, community support, and overall contributions to the growth and development of the platform.

1. Zeus Network: Cross-chain communication layer

• Description: Zeus Network acts as a secure validation link, facilitating permissionless communication between the Solana and Bitcoin ecosystems.
• Functionality: Integrating Bitcoin's liquidity into Solana's high-performance blockchain, Zeus Network facilitates decentralized cross-chain communication and holds the potential to bring billions in liquidity to the Solana ecosystem.
• 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 extend loan offers for NFTs within curated collections.