💰 50% of Jupiter’s swap fees are used to buy back $JUP tokens which are then locked for three years to reduce the circulating supply. This bold strategy aims to:
- Increase token scarcity, potentially boosting $JUP’s value over time.
- Align incentives for long-term platform growth and community engagement.
- Drive stability within the Solana DeFi ecosystem.
Starting February 17, 2025, these buybacks happen hourly on-chain with full transparency via a dedicated dashboard. With Jupiter generating ~$500,000 in daily fees, this could remove millions of $JUP from circulation monthly, creating consistent buying pressure. 📈
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Jupiverse