Frequently Asked Questions

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FAQS

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What is JUPuary?

JUPuary refers to the annual Jupiter airdrop, which takes place in January. The airdrop is distributed to all users of the Jupiter platform. The exact method to calculate your airdrop ranking is unknown at this time. But the goal of getting $JUP into the hands of its users remains paramount. 

DAO
Crypto
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What is TradFi?

TradFi stands for Traditional Finance. It refers to the conventional financial system characterized by centralized institutions such as banks, brokerage firms, insurance companies, and regulatory bodies.

Crypto
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What is a smart contract?

A smart contract is a self-executing, programmable, digital contract with the terms of the agreement between two or more parties directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network.

Crypto
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What is a Catdet?

A Catdet is a community member who understands and embraces the long-term vision of advancing the decentralized meta while keeping to key community ethoses of being helpful, friendly and supportive, whether it is to fellow members newcomers and projects.

DAO
JUP
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What is a Bull Market?

A Bull Market is an event where sentiment towards the market is very positive. This means that the market as a whole goes up and on average tokens will see increases in value or are expected to increase in value.

Crypto
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How can I participate in JUP DAO governance?

Join the discussions in the JUP community and learn all you can about upcoming LFG votes, budget proposals, etc. When measures go live, be sure to cast your vote. The $JUP Token is required to participate in DAO votes and 1 $JUP = 1 vote. The more $JUP you vote with the more Voting Power you have and the more Active Staking Rewards (ASR) you will earn.

DAO
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What is a crypto bridge?

In crypto, a bridge is a tool that makes possible the transfer of digital assets between two different blockchain networks. This lets the two networks work together by allowing tokens or assets to be securely locked on one blockchain while an equivalent amount is minted or created on the other blockchain. 

Crypto
JUP
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What is a Planetary Call?

A Planetary Call is a weekly live stream hosted by Kash Danda of the Uplink Work Group on the @JUPecosystem on YouTube to update the community on recent developments in the Jupiverse. Replays can be found here.

DAO
JUP
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Will I get rewards for passively staking my $JUP?

No. You must vote on the proposals to get the rewards.

ASR
JUP
LFG FAQs
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What is a Limit Order?

A limit order is a type of order placed with an exchange to buy or sell an asset at a specified price or better. Unlike a market order, which executes at the current market price, a limit order allows an investor to set a specific price at which they are willing to buy or sell an asset.

Crypto
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What are tokenomics?

Tokenomics are the economic principles and methods governing a cryptocurrency or token ecosystem. It includes various aspects such as token distribution, supply dynamics, utility within the network, governance procedures, and incentives for participants.

Crypto
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Will I still receive rewards if I did not vote for a winning project?

Yes. You will always receive Active Staking Rewards (ASR) no matter how you vote. Whether or not a project decides to include a BONUS airdrop for JUP DAO voters is up to them. 

ASR
LFG FAQs
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What is the "Decentralized Meta"?

The "Decentralized Meta" is a world where everyone uses decentralized financial systems daily, with decentralized markets to trade any asset they could dream of and decentralized money for their capital needs. This is the real end goal of the Jupiter United Planet (J.U.P).

JUP
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I unstaked my $JUP 30 days ago but when I try to claim it the transaction fails. What is the problem?

Reclaiming your $JUP requires an open token account for $JUP in your wallet. If you've used a wallet cleanup service, it likely closed any empty token accounts. However, you can easily reopen them by buying a tiny amount of $JUP, and then you will be able to claim.

ASR
Troubleshooting
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What is a Working Group (WG)?

A Working Group (WG) is a small group of key ecosystem members that guide extremely important work in areas like community management, core processes, and ecosystem rituals. You can learn more about the JUP DAO work groups by browsing their respective pages.

DAO
JUP
Work Groups
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What is Jupiter Mobile?

Jupiter Mobile is a mobile phone app that offers all of the amazing functionality of Jup.ag from your mobile device.

Crypto
JUP
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What is staking?

Staking refers to the process of locking tokens as collateral to participate in helping to secure a blockchain network or to participate in governance voting. For example, $SOL is staked to help secure the network; $JUP is staked and used for governance. As an incentive for staking tokens, participants are often rewarded with additional tokens.

Crypto
JUP
ASR
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What is a dApp?

A dApp, or Decentralized Application, is an application that runs on a decentralized network or blockchain infrastructure. These are commonly referred to as web3 applications.

Crypto
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Does anyone collect feedback from the launchpad process? If so, where should I submit it?

After every LFG round, the CWG opens a research forum post and hosts a town hall event. These are ideal places to voice any feedback or proposed changes to the process. LFG is an iterative process, co-created with community feedback over time, similar to many of the other Working Group undertakings.

Work Groups
LFG FAQs
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What is a JUP Town Hall meeting?

A JUP Town Hall meeting refers to a gathering of Jupiverse community members to discuss topics of interest and to hear from the leaders within the community. These typically take place in the Jupiter Discord server or via a Twitter/X Space.

DAO
JUP
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How will I receive my Active Staking Rewards (ASR)?

$JUP rewards, when claimed, will be added directly to your existing stake accounts. If your $JUP is staked, your staked $JUP balance will increase. If your $JUP is unstaking with, for example, 15 days left, the $JUP from the ASR will also be available in 15 days. The individual token rewards from the 75% of Launchpad fees will not be distributed immediately and will likely have a minimum vesting period of 3-6 months. 

ASR
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How do I stake my $JUP?

Visit Vote.jup.ag and connect your wallet. Enter the amount of $JUP you wish to lock and click "Stake". The $JUP will leave your wallet and be deposited into a smart contract. It can be reclaimed, either partially or in full, at any time by undergoing a 30 day unstaking process.

ASR
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Where can I watch the Planetary Calls?

You can watch them live or via replay on the @JUPecosystem channel on YouTube here.

DAO
JUP
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Can I change my vote?

Yes. Connect your wallet to the voting platform, click on the active measure and make a new choice. The greyed out Vote button will change color, and you can then click on it to cast your new vote.

ASR
LFG FAQs
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I missed earlier votes. Is it too late for me to participate?

Not at all. Rewards are distributed based on the total number of proposals and votes cast over the entire governance period, so participating in even just one proposal vote will earn some rewards.

DAO
JUP
LFG FAQs
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Will I be eligible for additional airdrops by staking my $JUP?

You may be eligible for bonus airdrops by voting with your staked $JUP. This is up to the LFG candidate projects to decide. If they want to offer an incentive outside of Active Staking Rewards (ASR), that is entirely at their discretion. Further, each project will set the terms for eligibility. The JUP DAO has no influence or control over these bonus airdrops.

ASR
JUP
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How do I vote on a proposal?

Visit the voting site at vote.jup.ag during a live vote. Connect your wallet, scroll to the bottom where the live proposals are listed, and click on the active measure. On the following page, make your selection from among the choices, review the transaction details, and approve.

LFG FAQs
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What is DePIN?

DePIN refers to a Decentralized Physical Infrastructure Network that uses token rewards to establish the development of physical infrastructure in the real world by independent operators. Examples include: internet sharing networks, cloud storage, compute sharing, and others.

Crypto
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What is a perpetual (perps)?

In finance, a perpetual futures contract, also called a perpetual swap, is like making a promise to buy or sell something later on. These contracts are settled with money instead of the actual thing, and they're different from regular ones because there's no set date to finish them. In the world of crypto, these never-ending contracts give traders the freedom to guess on how cryptocurrency prices will change without owning the actual coins. But they come with dangers like borrowing too much money and having to deal with extra costs.

Crypto
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What are public and private keys?

In cryptography there are a set of keys called a public and private key-pair. The public key allows information to be sent to the private key without exposing the private key. In crypto a private key is used to access a crypto wallet and a public key is used to send and receive tokens. Your public key is also referred to as your wallet address

Crypto
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What is a Bear Market?

A Bear Market is the opposite of a Bull Market. The overall sentiment towards the market is negative. This means that on average tokens will be decreasing and are expected to continue to fall.

Crypto
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When will I receive my Active Staking Rewards (ASR)?

Active Staking Rewards (ASR) are distributed quarterly, with the first batch going out in July 2024.

ASR
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What is the LFG Launchpad?

The LFG Launchpad is a decentralized launchpad for projects to raise funds and launch their projects. The LFG Launchpad is a key component of the Jupiter Ecosystem and is governed by the JUP DAO.

LFG FAQs
DAO
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Where can I see my past vote activity?

Visit the Voting Platform and connect your wallet. Once connected, you can see all of your past vote activity and rewards earned for each vote in the "Proposals" section. NOTE: You do not need to vote for the winning project in the LFG votes to get rewards. ALL participants that vote get a split proportional to their cumulative Voting Power over the entire governance period, regardless of how they vote.

JUP
ASR
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What is the Jupiverse?

The Jupiverse can be described as all things in and related to the Jupiter Protocol on the Solana blockchain. This includes but is not limited to:  the DEX aggregator, the Jupiter Space Station, the JUP DAO, the research forum, Jup.Eco, social channels, JUP ecosystem YouTube channel, etc

Crypto
JUP
DAO
Work Groups
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How do I unstake some or all of my $JUP?

Visit the Vote.jup.ag site and connect your wallet. Click on "Unstake" located below your Voting Power. Enter the amount of $JUP you would like to unstake and initiate the transaction. If you are unstaking a portion of your $JUP, you can continue to vote with the $JUP that is still staked. The tokens going through partial unstaking will not have any Voting Power at all. If you are unstaking all of your $JUP, your Voting Power will decrease linearly over the next 30 days. You can still vote during the unstaking period, however, your Voting Power will be decreased. After 30 days have passed, you will be able to reclaim all of your $JUP to your wallet.

Troubleshooting
JUP
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How can I tell what is actively being worked on?

Jup.Eco hosts a blog for progress updates as well as the Work Group Directory to house all historic transparency reports that come from the work groups. These features will make keeping up on active work in progress super easy for all DAO members. 

Work Groups
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How can I start getting involved with working groups?

To get involved with existing working groups, head over to the Working Group Directory to review the active group pages. If there are open positions within the group or they have a bounty out on work, you will find it there. Otherwise, try to identify a unique problem the DAO is facing and discuss with others on ways to best solve that issue. When you have a solid solution, present it to the community and see what sort of traction and feedback you receive. If you feel your solution merits a Working Group of its own, you may post a proposal on the research forum.

Work Groups
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