Step 1: Get Ready to Stake Your $JUP Tokens
To begin with active staking on Jupiter Exchange, you first need to have $JUP tokens. Ensure you have an adequate amount of $JUP in your wallet to participate in staking and voting activities. Remember, the rewards are proportional to the amount of $JUP you stake and vote with. You can stake as little as 1 $JUP but I recommend 200 or if you can afford it 1000+. The official platform is https://vote.jup.ag/. Do not stake with anyone else. If you missed out on the first Jupiter tokens drop make sure to check out our guide for qualifying for the Jupiter round 2 drop.
Step 2: Participate in Voting
Once you have staked your $JUP tokens, the next step is to actively participate in voting activities. Jupiter’s goal is to have an active community that contributes to decision-making processes. By voting, you not only have a say in the platform’s future but also ensure your eligibility for staking rewards.
Step 3: Understanding the Rewards
From March to June, Jupiter Exchange has announced that 50 million $JUP and 7.5 billion $WEN tokens are available to be rolled out as rewards. These rewards will be distributed based on the number of $JUP tokens you have staked and voted with. Importantly, rewards will be staked directly to voters, reinforcing the value of active participation.
Step 4: Avoid Splitting Tokens
A key point to remember is that splitting your tokens into multiple wallets does not increase your rewards. The system is designed to reward genuine participation, not the number of wallets you own. Thus, concentrate your staking and voting activities in a single account for maximum benefit.
Step 5: Be Mindful of the Unstaking Period
Should you decide to unstake your $JUP tokens, be aware that there is a 30-day unstaking period. This is a standard practice to ensure stability in the token’s ecosystem and prevent abrupt changes in the staked supply.
Step 6: Look Out for Additional Rewards
Jupiter Exchange is not the only platform rewarding active participation. Other projects, like Zeus Network HQ, have also confirmed rewards for voters, including special roles and airdrops. Keep an eye out for these opportunities to maximize your rewards across the crypto ecosystem.
