Overview of Huma Finance and JUP DAO Alliance Proposal Proposals The Huma Finance and JUP DAO consortium proposal consists of two main parts: JUP Staker Presale Allocation: 1% of Huma's total token supply will be distributed to JUP stakers at a valuation of $75 million (a significant discount to Huma's Series A valuation). DAO-to-DAO Treasury Swap: A token worth $250,000 is swapped between two DAOs at the same valuation, representing about 0.5% of the JUP treasury. All tokens in the presale will have a 3-month lock-up period, which is shorter than the 1-year lock-up period + 3-year vesting period for team members and investors. About Huma Finance Huma Finance, a leading PayFi (Payment Finance) protocol, recently launched Huma 2.0 exclusively on Solana. They have already worked with Jupiter DAO on previous projects. Their liquid LP token (PST) is actively traded on the Jupiter exchange. The team's emphasis is highly aligned with Jupiter DAO's philosophy and community values. Huma tokenomics Total token supply: 10 billion Token Usage: Staking rewards, buyback and burn mechanisms, governance, and priority access to protocol functions There is a 1-year lock-up period + 3-year vesting period for team and investor tokens First Day Circulating Supply: 18% Initial airdrop: 5%, 38% allocated by the ecosystem, distributed through months of airdrops CEX Listing: Planned for Q2 Community issues Pre-sale mechanism No minimum JUP staking amount is required to participate. The distribution will be proportional to the amount staked. A capping system will be implemented that will allow users to purchase up to 5 times their natural allocation (depending on overall participation). Snapshot time: After the voting ends Staking rewards Staking rewards for Huma tokens will begin after the 3-month lock-up period ends. The protocol adopts the VE model, and staking Huma tokens will increase the yield of LP positions. PST tokens PST (Huma's LP token) is currently limited in liquidity, due to high demand and a capital utilization rate of 98%. PST holders earn a stable double-digit yield on fees generated by payment institutions. The MPST (Maxi token) variant offers higher LP rewards but no USDC yield. Content creation Huma will incentivize content creators through Kaito's leaderboards. These incentives are not related to any initiatives by the Jupiter DAO. Important Disclosures Meow and Siong (members of the Jupiter team) had invested in Huma Finance's last funding round for a smaller amount and at a higher valuation than the $75 million in the presale. Erbil (Huma co-founder) said that although he is a staker of the Jupiter DAO, he will not participate in voting or presale. The coalition focuses primarily on community alignment rather than financial incentives. Next Voting: Opens on May 18 at 23:30 and closes on May 22 at 23:30. Pre-sale: Open within a few days after voting closes. The Huma team will release more detailed tokenomics information ahead of the presale. The proposal will add an FAQ section based on the questions raised in this discussion. For more information, stay tuned for future updates! @JupiterExchange @jup_dao @humafinance