Solana's Jupiter DAO Governance Faces Criticism Over Voting Influence

According to PANews, the governance structure of Solana's Jupiter exchange DAO has sparked controversy. An anonymous member, Thisisfun, has raised concerns about the team's influence on voting outcomes through their possession of JUP governance tokens, which account for 20% of the total supply. Co-founder Ming Ng responded on the forum, stating that two of the founders will abstain from voting, although a third anonymous founder retains voting rights. In March, the team had previously passed a proposal to acquire 220 million JUP from community reserves as a bonus. Despite the tokens being locked, they are still eligible for governance voting. In a recent proposal, a single team wallet accounted for 4.5% of the voting share.