Flawed Governance

Jupiter DAO $JUP
,
22

Like others here Im horrified to find a “core co-founder” voting on proposals that are put up by the team. To me, this seems like an obvious thing to avoid. If for no other reason than perspective.

There is also lack of transparency around how they got those tokens… were they Mercurial Stakeholder or simply team allocation tokens? Either way, I dont see this as fair for the community.

The right thing to do would be for this wallet to return any ASR rewards, at a minimum, to go back into the ASR pool. Further, proper public discussion should be held around what is the correct process going forward. Are we going to get more founding members and team staking and voting with their vested tokens and taking from the community’s weight in governance, and rewards?

2 Likes
23

its been about a week since the OG post went up.

is there going to be more of a discussion around this?

I was always under the impression that vesting tokens couldn’t be staked or voted with…

I am under this impression because I’ve bought tokens from alpha vault before that had a vesting period and I couldn’t do anything with them until the vesting period passed.

Looking for more information here..

thanks!

24

pump it pump it pump it.