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: Tokens worth $250,000 will be swapped between the two DAOs at the same valuation, accounting for approximately 0.5% of the JUP treasury. All presale tokens will have a 3-month lock-up period, which is 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, recently launching 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 a strong alignment with the values and community ethos of Jupiter DAO. Huma Token Economics Total Token Supply: 10 billion Token Uses: Staking rewards, buyback and burn mechanism, governance, and priority access to protocol features Team and investor tokens have a 1-year lock-up + 3-year vesting period First-day circulation: 18% Initial Airdrop: 5%, ecosystem allocation 38%, distributed over several months CEX Listing: Planned for the second quarter Community Issues Presale Mechanism No minimum JUP staking amount required to participate. Allocation will be proportional to the staking amount. A cap system will be implemented, allowing users to purchase up to 5 times 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 adopts a VE model, where staking Huma tokens will enhance 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. The MPST (Maxi token) variant offers higher LP rewards but no USDC yield. Content Creation Huma will incentivize content creators through Kaito's leaderboard. These incentives are unrelated to any initiatives by Jupiter DAO. Important Disclosure Meow and Siong (Jupiter team members) invested in Huma Finance's previous funding round, with a small amount at a valuation higher than the $75 million presale. 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 on May 18 at 23:30 and ends on May 22 at 23:30. Presale: Begins within a few days after voting ends. The Huma team will release more detailed token economics information before the presale. The proposal will add an FAQ section based on questions raised during this discussion. For more information, stay tuned for updates! @JupiterExchange @jup_dao @humafinance