Fresh Start Phase 2 Completed: Burning the Litterbox & Reducing the Unstaking Window
We have completed Phase 2 of the JUP fresh start, which aims to align JUP strategically with the broader objective of creating the platform, community, and token to propel billions of people into DeFi.
The Fresh Start is fundamentally about taking a much more strategic approach to JUP. We took a hard look at the problems around governance and the over-emphasis of DAO comms and realized that attention was being negatively averted from the great work of the team and the community.
Phase 1 was all about minimizing the DAO, resetting the community, and simplifying the narrative.
Phase 2 was all about voting on the Litterbox Burn of ~130m $JUP. Today we’re executing that burn, alongside reducing the unstaking window to 7 days in accordance with the feedback from token holders.
Moving forward, we’re also taking a strategic approach to Jupuary, taking into account opinions from all. We’re actively designing it to vastly reduce initial emissions, greatly increase alignment for those who hold the airdrop, and focus on the core platform needs and vision of accelerating decentralization.
We will continue to work through what should be doing with the ongoing 50% of revenues sent to the Litterbox. We’re also continuing to find new ways to integrate $JUP into the product suite. It already is integrated into our verification system (where Express Lane fees are burnt) and into our Metis Binary (where 10,000 staked JUP are required for access). Next, we’re going to explore more ways for JUP to be integrated into our future platforms elegantly.
Through it all, we will continue to read every post - across X, the Research Forums, and Discord - to better understand what token holders want and how we can balance those desires with the needs of the project. A deep deep thank you to everyone who has already shared their ideas, and a special thank you to anyone who shares them going forward!
solana’s most valuable feature is the ability to rapidly change itself. the game keeps changing, solana does too. every meta you’re mourning was born on solana & the next one will be too. when it comes to Using a blockchain, there is only one.
solana is built to give you every version of every asset in the world…
not just access to ZEC, but every version of it. the network becomes the marketplace, the exchange, and the settlement layer… all fused into one system.
so when zec trades on-chain, it’s not just the token.
over time, it’s the:
- spot asset
- options
- perpetuals
- index baskets
- structured products built on top
each of these is a different expression of the same underlying idea — the value of zec — and solana’s architecture lets anyone create and trade these instantly.
it’s like upgrading the financial system from a collection of walled gardens to a single programmable surface, where every derivative, synthetic, or wrapped form of an asset can exist side by side, priced and settled in real time.
traditional markets silo these things — equities over here, derivatives over there, treasuries somewhere else. solana collapses that distance. everything talks to everything.
that’s what “internet capital markets” really means — every version of every asset in one shared space.
so when you see “solana people” talk about different assets - from zec to uranium - it is with the intention of making those available on network.
SOL gets its value from increased network usage… not from memeing, bullposting and jawboning on twitter.
Thanks to its smart design, INF - the LP token of @Sanctumso’s LST ecosystem - consistently delivers the highest APY among SOL LSTs, with a median of ~8.7%
Beyond yield, INF plays a crucial role as shared exit liquidity for all Sanctum LSTs
Still, this whale timed it well - INF only holds enough liquidity to handle this scale of unstaking ~40% of the time, meaning the pool sits below 71k SOL about 60% of the time
Not ideal for potential liquidations, but optimized for yield - a delicate balance that makes INF unique
📊 Track INF composition and liquidity live on our dashboard: https://t.co/KoPo6zdb7h
“If blockchains are working right, they should be invisible.”
@solana's @toly joins FYI to share how Solana leverages parallel compute and hardware innovation to scale, why the future of crypto lies in execution, not just settlement, and more.
https://t.co/3w2JhqhCCs
$BSOL has traded over $40,000,000 ~3.5 hours in today.
Have heard from first few wealth management clients who’ve put in portfolio, a few institutions, retirement accounts.
ETFs open the bridge to crypto for trillions of investors.
Thrilled they can now access not only Solana, but staking yield via $BSOL
Onward —
Bitwise’s $BSOL ETF set a new high for 2025, reaching $56M in Day 1 trading volume—beating every ETF launch this year.
The milestone underscores BSOL’s strong investor demand and puts @Solana front and center in U.S. crypto ETF trading.