Hey hey -
We wanted to bring something to the community’s attention and open up a discussion before moving forward. We’re planning on converting the DAO’s treasury holdings from USDC to JupUSD (~$8m).
We’re sharing this here because we want to give the community a chance to weigh in, surface any concerns, and provide feedback.
Why the Change?
It boils down to 3 core reasons:
The DAO should not use 3rd party products when we have 1st party options.
This is the simplest and most important reason. If we’re building JupUSD and asking the ecosystem to trust it, adopt it, and build on top of it—then we need to be first in line.
Keeping our treasury in a third-party stablecoin while we have our own sends a mixed message. Converting to JupUSD is us (literally) putting our money where our mouth is.
Usage is a positive signal to the rest of the market.
When external partners, protocols, and integrators evaluate whether to support JupUSD one of the first questions they’ll ask is: “Does Jupiter itself use it?” Having nearly $8 million of DAO funds held in JupUSD is a powerful signal that we trust what we’ve made.
We’re in the process of creating other avenues for product integration (e.g Perps, LO/DCA, etc), but this treasury swap will be fast and comes with no technical overhead.
This is a way for the DAO to directly grow Jupiter’s product suite.
A larger base of JupUSD in circulation makes it more viable for other protocols to integrate. It increases AUM and creates a more robust foundation for JupUSD to become a meaningful part of the Solana ecosystem. The DAO contributing to this early momentum helps everyone building on or alongside Jupiter.
Why This Doesn’t Require a Vote
We want to be upfront about this: right now, we’re not planning to put this to a formal vote, and we want to explain why.
This is an operational decision, not a spending decision. The DAO isn’t deploying capital, making grants, or funding initiatives. We’re converting one stablecoin to another—both pegged to the dollar, both liquid, both redeemable.
The treasury’s value remains the same. Nothing is being spent, and no funds are leaving the DAO. There is no liquidity provisioning, no yield-generation, etc (though that would be an interesting avenue to explore in the future!)
The threshold we’ve used for formal votes has been around actual expenditure (i.e. treasury depletion). Since that’s not what’s happening here, we’re only looking to let people know, give a window for some feedback, and then take a simple action that benefits the entire Jupiter ecosystem.
What We’re Looking For
The purpose of this post is to collect community sentiment and feedback. We want to know:
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Does anyone have concerns that would make us want to pause or rethink this?
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Is there context or perspective we’re missing?
Timeline
If there’s general consensus that this makes sense, we’ll proceed with the conversion in the next few days and will update this post with the transaction link once it’s complete.
