No clear upside for JUP DAO. We’re swapping $250K worth of JUP — a token with established market value — for $250K worth of an unproven token at a $75M FDV. Huma gets immediate treasury value and our endorsement. We get locked tokens and a whole lot of hope. That’s not a partnership — that’s a gamble. Just because we can risk $250K doesn’t mean we should. If this goes south, it’s JUP that loses more.
Huma’s token doesn’t exist yet and has no proven utility. We’ve heard the same song before — staking rewards, buybacks, governance rights — all theoretical until tested. Will this token actually capture value from the business? No one knows. We made similar assumptions with JUP and ended up with a gov token mostly used for voting on vibes and marketing themes.
Their “9x growth” and user count could just be airdrop hype. We’ve seen this playbook: inflate metrics, drop a token, move on. LFG v1 anyone? How much value did that bring to stakers?
Who really benefits here? Huma gets to borrow Jupiter’s brand, reach, and money to launch their token. What does JUP get back? A small presale slot for individuals and a vague promise of alignment. No integration, no new JUP utility, no upside for the treasury. This feels like a fundraiser for Huma wearing the mask of an alliance.
Bottom line: This deal does nothing for JUP. We take the risk, they get the launch. If Huma wants alignment, let them prove it — not ask us to bankroll it. The team should be focusing on creating actual utility and value for JUP, not handing it off to other projects under the “grow the pie” slogan. At this rate, we’ll be left with another partner dumping our token in a year — just like Meteor. Good thing we have a Litter Box to clean up after them.
I propose we buy BTC for the $250K worth of JUP instead. That has real upside and there’s already a proposal for it. Let the DAO sell when BTC hits $500K, or drop it to all the stakers after a year of staking without unstaking.
If you still wonder why sol is up and JUP is struggling to recover read some of my writings DYOR - Profile - ihateoranges - Jupiter Research