Jupiter Foundation Considers Halting JUP Buyback, Community Suggests Rewarding Long-Term Holders with Staking and Protocol Asset incentives

**Jupiter Co-Founder Floats Halting JUP Buybacks; Solana, Multicoin Leaders Weigh Alternatives** Jupiter co-founder SIONG tweeted Thursday about whether to pause JUP buybacks: The protocol spent over $70 million on repurchases last year, but the token’s price barely moved. That cash could instead fund growth incentives for existing and new users, he noted. Solana co-founder Anatoly Yakovenko pushed back on buybacks as the go-to, suggesting parking profits as **protocol assets redeemable down the line**. Users could lock up and stake tokens to earn rewards over 12 months, with stakers getting bigger payouts as the protocol’s balance sheet expands. Multicoin co-founder Kyle Samani backed Anatoly’s core idea but said the mechanism needs refinement. Traditional stocks fail to properly reward long-term holders, he argued—crypto teams should figure out how to direct a bigger share of value to those who stick around. Selini Capital founder Jordi Alexander advocated for **price-tied buyback adjustments**: Ramp up repurchases when prices are low to slash supply, and dial back when the market overheats. Some founders rely on CEO/management-led ad-hoc buybacks, but decentralized protocols can handle this programmatically (e.g., using calculated PE ratios tailored to each project’s needs) if transparency, predictability, or legal concerns are top priorities. Solana ecosystem KOL fabiano.sol blamed JUP’s lack of holding utility for weak buyback impact: “First give people a reason to hold—then do buybacks.” He noted Jupiter currently distributes 50M JUP (~$10M) quarterly as staking rewards, plus $10M-$20M in buybacks via 50% of revenue. A better move? Redirect that $10M to staking rewards instead: At current prices, that’d generate ~25% APY—super attractive, even if not directly deflationary. (All quotes paraphrased for clarity, aligned with U.S. casual tech/ crypto discourse.)