Kash Dhanda, COO of the Solana-based Jupiter decentralized exchange, announced a pause in governance voting, stating that the protocol is at a critical juncture. In a detailed announcement, he emphasized the urgency of defining the future of DeFi and the need for a concentrated effort on growth. The current decentralized autonomous organization (DAO) structure is deemed ineffective, leading to the decision to suspend voting until 2026, when a new, unifying approach will be introduced. Dhanda noted that the DAO has been caught in a negative feedback loop, hindering progress and causing community divisions. This suspension aims to enhance execution speed and growth while rethinking the DAO's operation. Keybi, a JUP staker, expressed support for the decision, believing it will yield long-term benefits. While DAO voting is paused, active staking rewards will continue, and existing work groups will remain operational. New proposals will not be accepted until voting resumes next year, following community engagement to establish a more effective process. Read more AI-generated news on: https://app.chaingpt.org/news

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