Jupiter’s Phase Two burn of 130 million JUP tokens shortens unlock to seven days and includes plans to reduce emissions while advancing decentralization goals.
Jupiter Exchange completed the second phase of its 'Fresh Start' initiative by burning 130 million JUP tokens from its Litterbox reserve via community vote. The burn, valued at over $33 million, is paired with a reduced unstaking unlock period of seven days. Jupiter also outlined strategies to cut initial emissions and further its decentralization objectives within the DeFi ecosystem.