Jupiter DAO initiates a discussion on the proposal to "Introduce an Emergency Unstaking Mechanism for JUP"
On November 29, a proposal was initiated in Jupiter DAO to introduce an "Emergency Unstaking Mechanism for JUP". The proposal stated that "The fixed 30-day unlocking period for JUP staking is a powerful mechanism for locking supply and encouraging long-term commitment. However, it could pose significant challenges during black swan events or unforeseen emergencies. By introducing an emergency unlocking option, users can shorten the 30-day unlock period by paying penalties or fees. The collected fees can be added to the treasury or redistributed as staking rewards."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
South Korea’s National Pension Service increases its MicroStrategy holdings to 93 million dollars
Japan to require crypto exchanges to hold liability reserves or purchase insurance
Animoca Brands establishes partnership with Solv Protocol