Overview of the Huma Finance and JUP DAO Alliance Proposal The Huma Finance and JUP DAO Alliance Proposal consists of two main parts: JUP Staker Presale Allocation: 1% of Huma's total token supply will be allocated to JUP stakers at a valuation of $75 million (a significant discount compared to Huma's Series A valuation). DAO-to-DAO Treasury Swap: A token swap valued at $250,000 between the two DAOs at the same valuation, representing approximately 0.5% of JUP's treasury. All presale tokens will have a 3-month lock-up period, shorter than the 1-year lock-up + 3-year vesting period for team members and investors. About Huma Finance Huma Finance is a leading PayFi (Payment Finance) protocol that recently launched Huma 2.0 exclusively on Solana. They have previously collaborated with Jupiter DAO on past projects. Their liquid LP tokens (PST) are actively traded on the Jupiter exchange. The team emphasizes strong alignment with Jupiter DAO's philosophy and community values. Huma Tokenomics Total Token Supply: 10 billion Token Use Cases: Staking rewards, buyback and burn mechanisms, governance, and priority access to protocol features Team and investor tokens have a 1-year lock-up + 3-year vesting period Day 1 Circulating Supply: 18% Initial Airdrop: 5%, ecosystem allocation 38%, distributed via monthly airdrops CEX Listing: Planned for Q2 Community Questions Presale Mechanism No minimum JUP staking amount required to participate. Allocation will be proportional to staking amount. A cap system will be implemented, allowing users to purchase up to 5x their natural allocation (depending on overall participation). Snapshot Time: After voting ends Staking Rewards Huma token staking rewards will begin after the 3-month lock-up period ends. The protocol uses a VE model, where staking Huma tokens enhances LP position yields. PST Tokens PST (Huma's LP tokens) currently have limited liquidity due to high demand and a capital utilization rate of 98%. PST holders earn stable double-digit yields from fees generated by payment institutions. MPST (Maxi tokens) variants offer higher LP rewards but no USDC yields. Content Creation Huma will incentivize content creators through Kaito's leaderboard. These incentives are unrelated to any initiatives by Jupiter DAO. Important Disclosures Meow and Siong (Jupiter team members) invested in Huma Finance's previous funding round, with small amounts at a valuation higher than the $75 million presale valuation. Erbil (Huma co-founder) stated that although he is a JUP DAO staker, he will not participate in voting or the presale. The alliance primarily focuses on community alignment rather than financial incentives. Next Steps Voting: Starts May 18 at 23:30 and ends May 22 at 23:30. Presale: Begins a few days after voting ends. The Huma team will release more detailed tokenomics information before the presale. The proposal will include an FAQ section based on questions raised during this discussion. For more information, stay tuned for updates! @JupiterExchange @jup_dao @humafinance