Ang Eugene

Luck favors the brave

[Ponke @ponkehq]

Ponke’s main X account is now @ponkehq!

Ponke has grown beyond a single chain, bridging crypto, culture, and retail. This handle reflects that evolution and what’s ahead.

@ponkesol has been preserved as a backup for continuity.

Helmet stays on! 🪖

[Ang Eugene @beansang]

@kashdhanda LFG

[kash @kashdhanda]

A Fresh Start for $JUP (Major Changes Coming)

This one is for the token holders. The ride or dies. The folks who have held through up and down, supporting a project they believe has the ability to change the future of finance.

We know it hasn’t been easy lately.

But here’s the good news: we hear you. And we’re moving to make changes inspired by your ideas and our deep reflections on what $JUP should be.

In classic Jupiter style tho, this is going to be a somewhat long essay. Before we can step into the new future, we must acknowledge the past and clearly articulate how we’re changing our approach going forward.

But if you read the whole essay, you’ll find 3 major changes that demonstrate how important your feedback has been over the last few weeks/months.

—-
Reflections on $JUP

The $JUP token was initially aimed to be the lynchpin of the Jupiter DAO. That worked quite well to kick things off.

Together, we built the largest and most active DAO ever. We regularly had hundreds of thousands of voting wallets, voted on 20+ proposals, and pioneered concepts like Active Staking Rewards before anyone else.

In a time where it’s rare to see DAO proposals get more than 100 voters, we showed it was possible to build governance that massive numbers of people cared about. We likely experimented the most amongst all the major protocols about what it means to be a community, a DAO and a platform - and we most certainly learnt a ton.

But there were also problems that only became obvious over time. Specifically:

- Mechanics of governance turned some potential holders away from the token - for example, the frequency of voting and the 30 day lockup.

- We were spending too much time and energy on public comms around the DAO, reducing the amount of attention on the Jupiter product suite and the overall Jupiter mission

- Budgeting votes for Work Groups created a massive divide in the token holder base and drew negative attention to $JUP

All these, combined, had one MAJOR disadvantage - attention was consistently drawn away from the great work of the team/community towards things that drew the ire of token holders.

Fundamentally, the previous setup was not additive to the $JUP token.

To move forward, we need to keep what was good, and change what was not.

/// Major Change #1: Scaling Back the DAO
After countless conversations with token holders, it’s clear that the Jupiter DAO is an important vehicle.

Many $JUP holders believe deeply in the power of community governance, and are excited to be able to share their opinions and shape the future of Jupiter.

But these conversations have also made clear that the DAO should be laser-focused on extremely high-leverage actions. The constant flow of votes was a drain on token holder attention, especially when vote subjects felt “small”.

The other thing was that the votes, a major major driver of community attention, constantly drawn attention to, and vastly

Going forward, the DAO will have a narrower focus on broad tokenomics decisions and major treasury stewardship items.

This means no more Work Groups, fewer overall votes, and more focus in our public comms on products and growth.

Token Holders can rest assured the conversation about Jupiter will not be dominated by politics, while still being able to effectively drive decision making around key items that affect our collective future.

We are also going to be refocusing the community energy away from politics and towards a pro-social core mission - onboarding the world to DeFi - as will be explained in a separate community post by @AlleyCatNY.

/// Major Change #2: Reducing the Unstaking Window

Initially, we created a 30 day lockup on staked tokens. Given that Active Staking Rewards were high and governance votes were very frequent, this made sense to ensure only those who were longer term aligned with the Jupiter mission would be able to participate.

But now, we stand at a critical juncture. The key is not only to find long-term aligned holders, but to create more of them. And, as we’ve heard from many token holders, the unstaking window of 30 days is too long and turns away potential buyers (particularly large-scale institutional buyers).

To meet in the middle, we are going to reduce the unstaking period to 7 days without any penalty. This ensures those who are participating in governance are not simply buying/dumping $JUP to cast a vote, while still giving token holders the flexibility they want and need.

This change should go live in the coming weeks.

/// Major Change #3: Burn the Litterbox (subject to a DAO vote)

Finally, to kick off this new chapter of the DAO, we want to start with a critical vote that has been the subject of MANY conversations with token holders: the Litterbox Trust.

The Litterbox Trust receives 50% of protocol revenues from Jupiter and uses those revenues to accumulate $JUP from the open market.

It currently holds over 121m tokens (~1.7% of the total supply, ~3.8% of circulating supply), and grows every hour.

The original plan was to hold a DAO vote after 2 years to decide what to do with the accumulated tokens. But we’ve heard two different critiques.

First, some token holders have suggested that holding a large amount of $JUP without clarity on how the tokens will be used is creating uncertainty. By far the most common suggested solution is to “burn” these tokens.

Second, some token holders have suggested that the buybacks themselves are not particularly effective. The solutions for this are more varied - some want continuous burns, some want increased investment in product growth, and some want other use cases of the revenue.

Deciding what to do with 1) the current $JUP holdings and 2) the ongoing revenues are both massive decisions. They are the perfect example of the types of decisions that the DAO can and should have active input on.

Starting today, we’ll hold a period of public discussion on the first question (Burning the Litterbox). This will continue for ~10 days, with a formal vote to Burn the Litterbox’s existing holdings shortly thereafter.

After that, we will have a separate conversation about whether the $JUP Accumulation Plan should be continued, or if there are much better uses for the revenue.

If you’re a token holder, now is the time to make your opinion known, and to get involved again in meaningful governance!

–

All three of these changes are concrete and tangible, but I want to also point out a more philosophical change that’s taken place within the team.

For a long time, we didn’t give JUP the type of attention we give to our products. Each product has a clear value proposition, a marketing plan, iterative improvement process, etc.

And for a long time, JUP didn’t have this. We expected the market to understand the value of JUP based on the strength of our products, community, and vision. That was a mistake. And one that we are already in the process of fixing.

Going forward, we’re going to give JUP the attention it deserves.

We need to be incredibly vocal about the Jupiter story, about the JUP story, and about the story of DeFi going forward.

And we’re going to be having more conversations in public about other long term use cases for JUP that will integrate into the future of Jupiter platforms.

So here’s my free advice - if you’re tired of seeing talk of Jupiter, switch to Bluesky 😉

[Ang Eugene @beansang]

@Ronin_Network Lfg $Ron

[Ronin @Ronin_Network]

RON Buybacks: Unleashing the Ronin Treasury

Ronin’s sleeping giant is waking up.

Over the past four years, the Ronin Treasury has accumulated a massive trove of tokens.

This silent stockpile has been growing in the shadows for too long.

We’re ready to unleash the beast.

On September 29th, the Ronin Treasury will begin buying RON from the open market.

This will benefit all RON holders from everyday Web3 gamers and NFT collectors to RON holders with conviction in our movement.

Here’s what’s happening 🧵👇

[Optimism @Optimism]

https://t.co/Wj14w0mX1W

[Ponke @ponkesol]

Enter the Ponkeverse 🪖🌐

🙈 1M+ followers & 3B+ views
🙉 Global brand licensing with @223W0RLD
🙊 Trade $PONKE on @solana and @base

Chapter 2...

✅ The Ponke Validator on @solana
✅ Ponke Day Ones @telegram stickers
✅ Ponke & The Combat Cone
☑️ Retail shelves
☑️ Global brand partners

[Cointelegraph @Cointelegraph]

⚡️ ​​NOW: Ronin Network transitions to Ethereum Layer 2 using Optimism's OP Stack, bringing 15x faster transactions, enhanced security, $5-7M in milestone grants, and access to the broader Superchain ecosystem including Base and Uniswap.

[The Real Lifestyle @Trl_co]

Want to know more about TRL ? Catch us at Coinfest Asia 2025 💥

[Kaidro 🐉 @kaidrochronicle]

Kaidro: Clan Battles Open Beta on Steam Next Fest! 🐉

We're thrilled to announce the Open Beta for Kaidro: Clan Battles during Steam Next Fest.

Get ready to party up with your friends and represent your clan! Explore new game modes and experience the latest updates 🎮

⚔️ To participate in the open beta, simply download the Kaidro: Clan Battles Demo version from Steam.
🔗 Follow this step-by-step guide to download and start playing the game easily: https://t.co/CSNmshmGQC

🗓️ Event Details:
• Start Date: February 24th, 2025 | 10:00am PST
• End Date: March 3rd, 2025

🎯 For more details on game updates, game mechanics, rewards, and rules, please check out our blog post here: https://t.co/wRbp6R2ME2

[Elon Musk @elonmusk]

This is awesome

[Ang Eugene @beansang]

@JupiterExchange 🙋

[Alex Jones @RealAlexJones]

This is total proof of how truly evil @elonmusk is!

[Luganodes @luganodes]

Ronin’s $RON Circulating Supply Update is here! 🎯

By Jan 27, circulating supply figures will match the Ronin whitepaper.

@SkyMavisHQ is re-locking 75% of its unlocked $RON for 2 years, reaffirming its commitment to an open @Ronin_Network.

Check out the latest stats below! 📊

[Kaidro 🐉 @kaidrochronicle]

Kaidro Quarterly Roadmap is Here! 🐉

We’re excited to share a glimpse of what’s ahead for Kaidro in 2025 ✨

Big updates, new features, and thrilling events are on the way 💣

Stay tuned for more announcements as we roll out exciting developments 🔥

[ModChainHub @modchainhub]

Few updates:
1⃣ Giveaway of 2 $SOL worth $COMAI distribution on Monday. We are finalizing top 100 wallets/users.

2⃣ ComStats v2 alpha testing group has been created; phase 1 launching on Monday.

3⃣ @communeaidotorg's $COMAI tokenomics has been changed. Max 169,420,000 and daily inflation of 69,420 with no halving events.

4⃣ ComStats and SolBridge validators are collaborating to allocate 100% weight to Treasury today.

Subnet owners need to schedule a public demo with us to be eligible for rootnet weight.

5⃣We look into 10 criteria for ranking a subnet:

Subnet Idea
Validation Logic
Incentive Logic
Regular Development
Output Usefulness
Code quality
Team activity
Application Traffic/Clients
Revenue Earnings (outside $COMAI)
Community Engagement

Let's $COMAI.

[Guava @0xGuava]

𝗧𝗼𝘁𝗮𝗹 𝗦𝘂𝗽𝗽𝗹𝘆 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻: 𝗖𝗼𝗺𝗺𝘂𝗻𝗲 𝗨𝗽𝗱𝗮𝘁𝗲

The latest proposal has passed, and as a result, the total supply of Commune COMAI will be reduced

The total amount of $COMAI tokens will be reduced from 1,000,000,000 to 169,420,000. This means there will be fewer tokens in circulation.

⁃𝗗𝗮𝗶𝗹𝘆 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗥𝗮𝘁𝗲 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻

The daily inflation rate will decrease from 250,000 to 69,000. Inflation rate refers to the rate at which new tokens are added to the circulation. A lower inflation rate means fewer new tokens will be minted daily.

⁃𝗦𝘂𝗯𝗻𝗲𝘁 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻

Starting Jan 17, 2025, subnets will be evaluated based on their usefulness. Subnets that don't produce useful work will no longer receive "rootnet weight” from @comstatsorg

The overall goal of these changes is to make COMAI more scarce and valuable. By reducing the total supply and inflation rate, the tokens become more limited. Additionally, by validating subnets based on their usefulness, the network aims to promote productivity and efficiency. $COMAI

[CZ 🔶 BNB @cz_binance]

Malaysia's new stance on blockchain. 👏

The discussions were not about Binance but about the crypto industry and Malaysia, including regulations, policies, risks, and collaborations between industries and across national borders. Forward!

https://t.co/ppgrYA0ITH

[Kaidro 🐉 @kaidrochronicle]

Happiest Birthday to you and Congratulations on your first GM Sparksuit 🥳🎉 It’s amazing to see you celebrate by making your wish of owning a Spark Suit GM come true!

Kaidro: Clan Battles Open Beta is just around the corner! 🔥

Gear up and get ready to showcase your best Spark Suit on the battlefield. 🚀🐉

[Ang Eugene @beansang]

@comstatsorg @solana @communeaidotorg $AIXBT