Solana’s DeFi star project, Jupiter, announced this morning that it will launch the Giant Unified Market (GUM) initiative, aiming to bring together assets such as Meme coins, Real World Assets (RWA), stocks, and forex on the Jupiter platform. They also announced the formation of the GUM Alliance to enhance the feasibility of the project.
In order to realize the Giant Unified Market initiative, Jupiter identified three key elements: more assets, more liquidity, and greater accessibility. As a result, Jupiter decided to establish the GUM Alliance, consisting of top-tier asset, liquidity, and marketing teams, including Solana Foundation, market maker Wintermute, and DWF Labs, among others. Over the next few months, the alliance will focus on achieving the following goals:
1. Introducing more assets to Solana
2. Creating liquidity markets for these assets
3. Integrating these markets into the Jupiter platform and encouraging user adoption
Meanwhile, Jupiter’s LFG Launchpad platform will commence its third round of voting on the 23rd at 1:00 am. However, this round of voting will have different rules compared to the previous two rounds. In the first two rounds, JUP token stakers voted for the top 2 projects out of 6 candidates and allowed them to issue tokens through the LFG Launchpad. In this round, the project with the highest vote rate will be selected for token issuance from 3 candidate projects. Additionally, the project’s vote rate will be hidden on the voting interface to ensure a fair selection process for voters.
Related articles:
– Solana’s market cap briefly surpasses SoftBank and Mercedes-Benz! Jupiter’s trading volume exceeds $1 billion on Uniswap
– How did Jupiter stand out in Solana DeFi with over 50% of DEX trading volume aggregated?
– Taiwan-based Zeus Network debuts on Jupiter’s new coin section! 50 million $ZEUS tokens sell out rapidly and listed on OKX, approaching $1 valuation.
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