DAO or Decoration? You Ask, It’s Definitely Decoration

[Workwithnature]

I wrote this on another thread just now but it’s better here.

@Workwithnature

Personally I would align more if these conditions were present. In fact I would probably start seriously buying Jup as a savings account. Plus get involved more in community and social media engagement.
1 Onboarding new member via airdrop rounds. This excludes all previous members who have already benefited. Target small users of the exchange. Give the pie to new people.
2 Do away with voting power. Not decentralised.
3 Use buybacks and other capital for ASR rewards. Lending and borrowing protocol could be added to Jupiter exchange.
4 Having delegates from the community formalising ideas together with the team is a good idea. These ideas and proposals then can be voted on by the community. This may also help take the pressure off the team.
5 With community burns. Large holders would have to burn a lot more than smaller holders. But yes supply is way too high.

Reminder a DAO - decentralized autonomous organization, a type of bottom-up entity structure with no central authority. Members of a DAO own DAO-issued tokens and can vote on initiatives for the entity.
It needs to grow towards this.