Wu reported that Jupiter co-founder SIONG proposed to stop the JUP buyback, stating that the company spent over $70 million on buybacks last year, but the price did not increase significantly. He suggested using this funds to provide growth incentives for existing and new users and to seek community feedback. Solana co-founder Toly commented that capital accumulation is very difficult, as traditional finance requires an investment cycle of over 10 years, and he believes that mimicking this setup rather than buybacks might be more effective. He recommended encouraging holders to lock their tokens for the long term through staking mechanisms to generate profits for future protocol assets.
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Wu reported that Jupiter co-founder SIONG proposed to stop the JUP buyback, stating that the company spent over $70 million on buybacks last year, but the price did not increase significantly. He suggested using this funds to provide growth incentives for existing and new users and to seek community feedback. Solana co-founder Toly commented that capital accumulation is very difficult, as traditional finance requires an investment cycle of over 10 years, and he believes that mimicking this setup rather than buybacks might be more effective. He recommended encouraging holders to lock their tokens for the long term through staking mechanisms to generate profits for future protocol assets.