mei

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Net-Zero and the Next Era | Planetary Call #64 x.com/i/broadcasts/1…

Planetary Call #64 ☎️ Today's call is absolutely packed. Join the legendary @kashdhanda @weremeow @9yointern @wassielawyer as we talk about Net Zero and the Next Era, and much, much more. Don't fade this one. 📆 Wednesday, 25th February ⏰ 3:30 pm UTC 📍YouTube & X Just use Jupiter 🪐

after 480,000,000+ $JUP votes were cast, the Net-Zero Emissions proposal has passed with a supermajority in favor (75%) no more net-new JUP entering circulation. team emissions halted. mercurial sell pressure hedged. jupuary postponed (and snapshot preserved). this is the most aggressive supply commitment any major token project has made in a while, and we're excited that so many token holders were in support. i know this wasn’t easy. like any governance process, not everyone got the outcome they wanted. but every side gave something to the cause here - including the team, the community, and the stakers. that’s what long-term alignment looks like. now the only thing that matters is what we do next. no more debates about emissions. no more supply overhang narratives. the excuses are gone. what’s left is execution. we have things in the pipeline that are going to make this entire debate feel small. you’ll see soon enough. oh and btw, $JUP staked is now at an all-time high. onwards and upwards.

@idrawsquig @AkfnkSol @squigthepig @ifsquigwereai wen merch shop

@AkfnkSol @squigthepig I am the artist for both @squigthepig and @ifsquigwereai and I'm not involved and will never be involved in any other memecoin but $squig that was launched on Jupiter studio in late October. Please stop trying to steal my shit thank you

The @squigthepig account just followed x.com/ifsquigwereai and turns out someone turned Squig The Pig into a Twitter AI, which is genuienly insane. Squidthepig has ran really high as a Memecoin already so i contacted the AI account and im gonna try to on-board them. x.com/ifsquigwereai/…

@FrenchieFarts_1 come over here frenchie 🤗

@9yointern Sheesh…read it. I was almost sure we have to have the last jupuary…won’t get into details and reasons…but after reading this..if this is implemented, $jup token will have all the premises to just FLY! 🔥👀🤘🚀🚀

great FAQ by @9yointern about the net-zero emissions proposal that everyone should read to summarize a few quick points: Q: "Why another vote?" A: times have changes, markets have changed, and the DAO itself has changed (<29% of current stakers voted for this Jupuary back in 2024). "do you still want to do this right now?" is a fair question to ask. Q: "Why not do the airdrop and stop the other stuff?" A: the objective is to send a decisive signal: zero net-new emissions for the foreseeable future. team is willing to put a massive amount of capital behind this as well (buying merc/team sales), but this isn't a time for half-measures. Q: "How will Mercurial Offset work?" A: 99% of Merc holders are in 300 wallets that we will track. If the $JUP is sold or moved to an exchange, we'll buy an equal amount of $JUP to offset the sales. read the full thing: x.com/9yointern/stat…

@SOL_mfer @weremeow omg browski too

@9yointern @weremeow Wow great amount of clarity that provides the context that was missing! Now that I have line of sight of this info, option 2 makes the most amount of sense.

early this year, i posted a question on whether we should continue the buyback and early this week i posted an update on how the Jupuary timeline would look like. both tweets got a lot of attention. reading the comments and feedback from users has been eye-opening. now, for this proposal and option 2 (if it passes), here’s what it addresses in my mind: first, team emissions. there’s been a persistent narrative about team selling. with this vote, there’s a real path to stopping all team on-chain emissions entirely. if there is any selling, it comes from the treasury fully visible, fully on-chain. transparency over speculation. second, Mercurial stakeholder vesting. the buyout structure is designed to create a counter buy pressure against any selling, ideally creating a net neutral effect on JUP. it’s a clean solution to a structural issue. third, ASR will continue to reward stakers for staking. this will be something that will reward long-term stakers. also, with January letterbox buyback standing at almost 28m JUP (annualised 336m JUP), the buyback maybe more than the emitting staking reward, obviously, price may fluctuate and market will move. fourth, JUP token utility within products. there are things already happening across our products and there are plans to push more forward. i don’t want to guarantee a timeline but it’s actively being worked on. lastly, something personal. running a public protocol with a token creates real pressure to balance product building with token health. building great products is necessary but not sufficient, the token itself needs to be managed thoughtfully. this proposal is about resetting the fundamentals: products that users love and token economics that are clean and simple. anyway good thing about this proposal is it really resets the energy. for me, that means great products and a token structure that’s easy for anyone to understand and believe in.

@bitcashio 💚

@9yointern look what just the announcement did to the price

@Sirnaynay2 another og!! thanks for the encouragement naynay

@9yointern Nice explainer Mei. Happy to see the moves the teams are making. You guys made me pretty happy with the vote.

Hey Everyone Over the last 24 hours, we compiled an FAQ to address several of your questions about the latest vote. And if you had anything else you wanted clarity on, there will be a live townhall on Monday at 3:30 PM UTC. x.com/9yointern/stat…

@0xfannz @scarletsynth dayum veterans raising their hands now

@scarletsynth @9yointern I am here as well, you are not alone 🙌

@scarletsynth scarlet is a true OG

@9yointern Proud to be one of the 29% that voted in 2024 and are still here 🫡 will be voting again with the perfect mix of reason and emotion, like I always do 😊 Jupiter goes green is such an underrated metaphor. Time to experiment some more 🧪 Thank you for always listening to us 🫶

@byucewyane @jup_dao forever 9

@9yointern @jup_dao Mei, I got to know about jup last two years and your username says same thing since then “9 year old intern” when will you turn “18 years old intern”?

@rico_jhe @jup_dao 😭😭😭 omg 🫶🫶🫶

@9yointern @jup_dao This is a phenomenal article and I feel answers all questions and gives the reasons as to why. Thank you!

@bearonionlol fingers crossed

@9yointern Will I be rich in 2030

@inno_ox omg @inno_ox says S-tier 🫶

@9yointern and you got an S-tier article. meaningful read, the vote is CLEAR. 2.

@retarded771 fair criticisms but better to make the right call late than never

@9yointern could’ve proposed this 3 months ago when the market was already tanking, but nah team announced the snapshot and even stretched it to Jan 30. Now people are screaming ‘wen airdrop’ and suddenly a new proposal drops blaming the bear market.