The Jupiter project team recently presented an interesting dilemma. It has been revealed that over the past year, more than $70 million has been spent on JUP token buybacks. This money has been invested, but what about the results? The token price has not experienced the significant surge that was expected.
This has led to some reflection: rather than continuing to pour funds into this "bottomless pit" of buybacks, why not redirect that real money into user growth incentives? After all, in the current market environment, attracting new users and retention are the real priorities.
The project team has handed the decision over to the community—should they halt the buyback program and instead embrace an incentive mechanism? This is not just a numbers game but a strategic choice that concerns the future direction of the project. Community discussions and voting are still ongoing, and the final decision will depend on everyone's opinions.
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CodeAuditQueen
· 20h ago
$70 million wasted, this logical flaw is as obvious as a reentrancy attack. Buybacks essentially patch symptoms and cannot fundamentally fix the issues within the protocol itself.
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StakoorNeverSleeps
· 20h ago
70 million invested and still no movement, this is just ridiculous haha
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TestnetScholar
· 20h ago
70 million USD invested and the price still hasn't moved... This is unbelievable, buybacks are really a trap.
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LiquidityWhisperer
· 20h ago
$70 million down the drain, hilarious, a classic "what are we even doing" moment
The Jupiter project team recently presented an interesting dilemma. It has been revealed that over the past year, more than $70 million has been spent on JUP token buybacks. This money has been invested, but what about the results? The token price has not experienced the significant surge that was expected.
This has led to some reflection: rather than continuing to pour funds into this "bottomless pit" of buybacks, why not redirect that real money into user growth incentives? After all, in the current market environment, attracting new users and retention are the real priorities.
The project team has handed the decision over to the community—should they halt the buyback program and instead embrace an incentive mechanism? This is not just a numbers game but a strategic choice that concerns the future direction of the project. Community discussions and voting are still ongoing, and the final decision will depend on everyone's opinions.