delavegacatdet.sol

The Future of finance, on Solana, in Perpignan.

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.

Let’s take emotions out of this and actually look at the numbers around the $JUP vote. Because this decision will shape the token for the rest of 2026. Two options are on the table. One keeps the pressure. One fixes it. Here’s the breakdown 👇 1️⃣ Option 1 — Do Jupuary as planned > Jupuary: 700M JUP > ASR: ~200M JUP (50M quarterly) > Unlocks (Team + MER): ~588M JUP That’s almost 1.5B JUP in potential sell pressure. Even with 50% revenue buybacks, it’s extremely hard to offset that. If this passes: • Checker: Feb 28 • Claim: March 7 Rewards continue, but so does heavy dilution. 2️⃣ Option 2 — “JUP Goes Green” This focuses on reducing supply first. > Jupuary postponed → 700M moved to reserve > Team unlocks paused → ~428M stopped > MER unlocks accelerated → 160M fully unlocked > Any MER selling = matched by buybacks What this means: • No 700M airdrop pressure • No team emissions • MER sell pressure absorbed • ASR continues, but mostly staked Result: near-zero net emissions. Plus on top of this: > 50% revenue buybacks continue > Litterbox keeps accumulating $JUP > Potentially 14–20% of supply bought back this year > $35M ParaFi investment locked This is how you create real supply compression. Let’s be honest: Some people just want their Jupuary to sell and move on. But Jupuary isn’t canceled. It’s postponed. And that’s better for everyone long term. For anyone who believes in $JUP as a multi-year play, Option 2 is a no-brainer. Less dilution. More buybacks. Stronger foundation. 🗳️ Discussion live now Vote: Feb 17–21 Execution right after Whatever the outcome, I’m glad we’re finally tackling emissions head-on. This is how strong ecosystems mature.

Let’s take emotions out of this and actually look at the numbers around the $JUP vote. Because this decision will shape the token for the rest of 2026. Two options are on the table. One keeps the pressure. One fixes it. Here’s the breakdown 👇 1️⃣ Option 1 — Do Jupuary as planned > Jupuary: 700M JUP > ASR: ~200M JUP (50M quarterly) > Unlocks (Team + MER): ~588M JUP That’s almost 1.5B JUP in potential sell pressure. Even with 50% revenue buybacks, it’s extremely hard to offset that. If this passes: • Checker: Feb 28 • Claim: March 7 Rewards continue, but so does heavy dilution. 2️⃣ Option 2 — “JUP Goes Green” This focuses on reducing supply first. > Jupuary postponed → 700M moved to reserve > Team unlocks paused → ~428M stopped > MER unlocks accelerated → 160M fully unlocked > Any MER selling = matched by buybacks What this means: • No 700M airdrop pressure • No team emissions • MER sell pressure absorbed • ASR continues, but mostly staked Result: near-zero net emissions. Plus on top of this: > 50% revenue buybacks continue > Litterbox keeps accumulating $JUP > Potentially 14–20% of supply bought back this year > $35M ParaFi investment locked This is how you create real supply compression. Let’s be honest: Some people just want their Jupuary to sell and move on. But Jupuary isn’t canceled. It’s postponed. And that’s better for everyone long term. For anyone who believes in $JUP as a multi-year play, Option 2 is a no-brainer. Less dilution. More buybacks. Stronger foundation. 🗳️ Discussion live now Vote: Feb 17–21 Execution right after Whatever the outcome, I’m glad we’re finally tackling emissions head-on. This is how strong ecosystems mature.