
Jupiter, a prominent decentralized autonomous organization (DAO) in the cryptocurrency space, is currently embroiled in controversy over a governance proposal that has led to significant debate among its community. The proposal, known as the 'Meow 2030 Lock-In', suggests that Jupiter co-founder Meow will front the 280 million $JUP tokens allocated to approximately 65 new team members, instead of using Jupiter's strategic reserve. In exchange, Meow would receive a 220 million $JUP token bonus, increasing his personal allocation to 500 million tokens, or 7% of the total supply, locked until 2030. The proposal has sparked outrage due to the high compensation packages for new team members, which include an average bonus of around $60,000 per month in $JUP tokens, on top of their base salaries in USDC. These tokens are vested over 3-4 years and are performance-based. Critics argue that these bonuses are disproportionate to the value the new hires might bring and could dilute existing $JUP holders. Amidst this controversy, $JUP's market value has dropped over 19% since the proposal was introduced, trading at $0.492, with fears of further declines as over 80 million $JUP tokens are expected to be released into the market over the next 30 days. Despite the backlash, key figures in the industry have come out in support of Jupiter's approach to compensation. Mike Dudas from 6th Man Ventures and Luca Netz, CEO of Pudgy Penguins and Abstract, have defended the high salaries as necessary to attract top talent to compete with major Web2 companies. Jupiter co-founder Siong Ong and Tensor co-founder Richard Wu have also supported the bonuses, suggesting they are justified given Jupiter's success. In response to the criticism, Jupiter's leadership has acknowledged the need for better communication in the lead-up to such proposals.















This is absolutely insane: On February 20th, JP Morgan CEO Jamie Dimon sold $234 million worth of $JPM stock. On February 22nd, Warren Buffett announced a record $334 BILLION cash balance. 12 days later, the Nasdaq 100 crashed -11%.
$JPM down over 15% since Jamie Dimon and insiders cashed out $250,000,000 at the highs... Probably nothing. https://t.co/jjOsu954kN
Franco-Nevada, $FNV, Q4-24 Results: 📊 Adj. EPS: $0.95 🟢 💰 Revenue: $321.0M 🟢 🔎 Strong gold prices drove revenue, Adjusted EBITDA, and net income higher YoY despite the absence of Cobre Panama.