# Proposal: Net-Zero Emissions

**URL:** https://discuss.jup.ag/t/proposal-net-zero-emissions/39948
**Category:** Jupiter DAO
**Created:** [February 13, 2026, 3:05pm UTC](https://discuss.jup.ag/t/proposal-net-zero-emissions/39948 "2026-02-13T15:05:20Z")
**Posts on this page:** 1
**Showing post:** 5

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### Author: ![lordmichaelde](https://avatars.discourse-cdn.com/v4/letter/l/cc9497/32.png) [@lordmichaelde](https://discuss.jup.ag/u/lordmichaelde)
#### Post date: [February 13, 2026, 4:32pm UTC](https://discuss.jup.ag/t/proposal-net-zero-emissions/39948/5 "2026-02-13T16:32:22Z")

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> [@Kash](#):
>
> 1. 
> ## **The State of $JUP**
> 
> Everyone knows that nobody ships like Jupiter.
> 
> But not enough people are aware that nobody cares about their token like Jupiter.
> 
> Already, Jupiter has taken dramatic and repeated action to support the token. We burned 3B tokens (including 30% of the team’s original allocation as well as strategic reserve). The team locked their first cliff. The founders locked their tokens, including Meow locking his token to 2030. We send 50% of our onchain revenues to buybacks on the open market. The team’s economics and the community’s economics are inextricably linked together with one currency - $JUP.
> 
> Today we are presenting another decisive proposal to the community to further support $JUP.
> 
> After listening to token-holder feedback, it’s clear many are concerned about emissions affecting $JUP in these market conditions.
> 
> This proposal, if approved, would drive $JUP emissions to roughly zero for the foreseeable future.
> 
> ## **2. Sources of Emissions**
> 
> There are currently 3 key sources of emissions that are driving much of the current discourse:
> 
> 1. Jupuary - the annual airdrop, designed to deliver more governance power to the most loyal users/stakers.
> 2. Team Vesting - tokens delivered to team members, designed to align incentives and motivate the team to grow the Jupiter ecosystem.
> 3. Mercurial Stakeholders Vesting - 5% of the total supply given to token holders and investors of Mercurial, the project Jupiter spun out of.
> 
> ## **3. Going Green (Stopping Emissions)**
> 
> Today, we are bringing forward a proposal to address all three sources of emissions.
> 
> First is to postpone Jupuary for the foreseeable future, returning all 700M tokens to the Community Cold Multisig to be used at a future date. The snapshot of usage and stake at this point in time would be kept. We will revisit it with the DAO at a point in time when the market conditions, token conditions and sentiment are more appropriate.
> 
> Second is to stop emissions to team members for the foreseeable future. Instead, team members will receive JUP as a credit against the Jupiter balance sheet - if any of them want to sell their token allocation, the Jupiter balance sheet will buy the tokens directly. This will further strengthen our $JUP reserves, while simultaneously demonstrating our commitment to the $JUP token.
> 
> Third is to offset all sell pressure from Mercurial stakeholders. We will accelerate their vesting and absorb any impact from potential token sales by buying an equivalent amount of tokens for Jupiter’s own balance sheet. We will then track their wallets for the rest of the year and buy the exact amount of tokens they sell on-chain or move to a CEX. Any such sales or movements will trigger Jupiter buying an equivalent amount of tokens on market in order to offset the market impact.
> 
> Taken together, these three actions would negate all major forms of emissions in 2026.
> 
> These actions will be most effective when done as a package, reassuring the market both of the supply schedule for $JUP and demonstrating enormous conviction in the value of the $JUP.
> 
> But this topic is too large to be decided unilaterally. High-leverage decisions about $JUP are exactly what the DAO is built to handle, and so this must go to a DAO vote. The team will abide by whatever decision the DAO makes.
> 
> ## **4. Proposal Logistics**
> 
> The vote will be structured with two simple options:
> 
> - **Option 1: Continue with Jupuary**
> - If this option receives a majority of votes, the Jupuary airdrop checker will be released ~1 week after the vote’s conclusion, and the airdrop will commence ~2 weeks after, starting with the distribution of 200M $JUP. The bonus pool (200M) and Jupnet incentives (300M) will roll out as originally planned.
> 
> - **Option 2: Postpone Jupuary, pause Team Reserve emissions indefinitely, and offset Mercurial Investors.**
> - If this option receives a majority of the vote, the Jupuary tokens will be returned to the Community Cold Mutisig, tokens will not be emitted from the Team Reserve for the foreseeable future, Jupiter will absorb any team members’ tokens for sale, and Mercurial stakeholders will be airdropped their tokens and an equivalent number of tokens will be purchased by Jupiter’s balance sheet and added to the Team treasury.
> 
> The period for public comment will begin now until Tuesday morning SGT. The actual vote will take place from Tuesday morning through Saturday morning to give ample time for any token holders to be able to cast their vote.
> 
> Stakers will be eligible for ASR regardless of whether they participate in this vote or not (though we do hope every staker participates!)
> 
> ## **5. A Final Note**
> 
> We know that the process of comms to get here has not been ideal. And we know that even putting this proposal out risks angering some users who built their plans around Jupuary.
> 
> We acknowledge that this proposal is a bold new direction, and that for some it will feel painful.
> 
> To those people, we can offer only an argument: the best way to reward Jupiter’s users and $JUP holders long-term is to protect the value of the project across all dimensions. Even when it is painful to have the conversation, have the conversation we must.
> 
> Subject to the vote passing, your record of usage will be maintained, and the tokens will remain available in the Community Cold Multisig, to be released at a future point upon a future DAO vote.
> 
> And to be clear, this proposal is not a silver bullet. There is still much work to be done. But this is an important first step.
> 
> The next week will be turbulent, and surely much of Crypto Twitter will have an opinion. To those long-term believers, we suggest only this: ignore the noise, make your case in the community, and let’s do what is best for the long-term health of Jupiter.

### The “Illusion of Choice” and Governance Fraud

"Your ‘State of $JUP’ post is a masterpiece of gaslighting. You are attempting to rebrand a broken promise as a ‘decisive proposal’ for token health. Let’s address the reality behind these corporate euphemisms:

**1. Retroactive Rule Changes are Fraud:** You claim that ‘nobody cares about their token like Jupiter,’ yet you are unilaterally trying to cancel a distribution (Jupuary) that was already ratified by the DAO. Users staked their capital and used your products for a year based on a **fixed governance agreement**. Altering the terms _after_ the work has been performed is not ‘listening to feedback’—it is a breach of an implied contract and equitable estoppel.

**2. The Jurisdiction of the Victim:** To the team member who smugly asked ‘enforce in which jurisdiction?’: **Consumer protection laws follow the harm.** If you solicit stakes from users in the US, EU, or Singapore based on specific rewards and then rug-pull those rewards via a ‘new vote,’ you are liable in those jurisdictions. Courts are increasingly piercing the ‘DAO veil’ and treating core contributors as a **General Partnership** , meaning your personal assets and residency (be it Singapore, UAE, or elsewhere) are very much within reach of a class-action discovery process.

**3. Engineering a ‘Yes’ Vote:** By bundling the cancellation of Jupuary with ‘stopping team emissions,’ you are holding the community hostage. This is **governance manipulation**. You are forcing users to choose between a reward they already earned and the ‘inflation’ you created. If you actually cared about the token, you would honor Jupuary as promised and burn the team’s allocation separately, without making the community’s rewards the sacrificial lamb.

**4. The ‘Balance Sheet’ Myth:** Your proposal to buy team tokens from the ‘Jupiter balance sheet’ is just moving money from one pocket to another while reducing transparency. It’s an exit liquidity plan for the team, funded by the protocol, while the community is told to ‘postpone’ their rewards indefinitely.

**Conclusion:** A DAO is a tool for decentralized governance, not a ‘get out of jail free’ card for failing to honor financial commitments. We have documented every original promise and the subsequent staking activity. If this proposal is used to bypass the original Jupuary commitment, we will proceed with filing formal complaints with financial conduct authorities and pursuing a collective lawsuit against the core contributors personally.

Governance is not a game of ‘moving the goalposts’ whenever it suits your treasury. See you in the forums, and if necessary, in court.

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_[View the full topic](https://discuss.jup.ag/t/proposal-net-zero-emissions/39948)._