Jupiter airdrop: The JUP token guide

It’s airdrop season, and Solana DEX aggregator Jupiter is set for a MASSIVE airdrop. Of its 10 billion tokens minted, 40% will be going to the community, starting with an airdrop of 1.35 billion tokens going to nearly one million wallets.
Do you know, if yours will be one?
In this guide, we’re going to cover everything you need to know about the Jupiter $JUP airdrop so you can get in on the action.
Ready? Let’s dive in.
Overview

• Project: Jupiter
• Token ticker: $JUP
• JUP total supply: 10 billion
• JUP first-round airdrop: 1.35 billion
• Blockchain: Solana
• Sector: Decentralized Finance (DeFi)
• Business model: Liquidity aggregator for token swaps, perpetual futures & decentralized stablecoin
• Ethereum counterparts:
  • Liquidity aggregator: 1inch
  • Perpetual futures: GMX
  • Decentralized stablecoin: DAI

What does Jupiter do?

Jupiter is one of the biggest DeFi protocols on Solana—processing $3.7 billion in transaction volume in November 2023 alone. To put this into perspective: Uniswap and 1inch registered $17 billion and $12.2 billion respectively in the same period.
Initially, Jupiter started as a liquidity aggregator for token swaps, similar to 1inch on Ethereum. However, just recently, the platform also added GMX-style perpetual futures. In the future, Jupiter also plans on releasing a decentralized stablecoin—SUSD.
Jupiter argues that stablecoins, such as USDC and USDT, come with multiple levels of custodial and regulatory risks, which should be avoided. This has motivated its team to introduce SUSD—a fully-decentralized stablecoin backed by Solana liquid staking tokens (LSTs)—as an alternative to USDC and USDT. Apart from a larger degree of decentralization, SUSD also introduces interest-free loans: The SOL used as collateral to mint SUSD earns yield, which in turn covers the cost of the mint—resulting in a perpetually interest-free loan with SOL exposure.

What is the JUP token?

JUP is a governance token which allows community members to approve, sanction, and vote on all aspects of the Jupiter platform.

• Approve: Date of liquidity and emission plans
• Sanction: Token mints after genesis mint
• Vote: Projects for ecosystem initiatives
• 
  

How to trade JUP with Phantom?

Notice: You need to hold SOL in your Phantom wallet to complete this process.
In case you’re not eligible for the JUP airdrop, or you’d like to buy, sell, and/or trade JUP tokens, we got you covered.

• Log-in to your Phantom browser extension or mobile app
• Select a wallet which holds the tokens you’d like to trade
• Click on the swap (arrow) icon at the bottom
• Select the token pair you’d like to trade in the swap widget
• Review the order, then submit!

How to bridge tokens to Solana with Phantom?

If this is your first time using Solana, you might have most of your assets on other blockchains, such as Ethereum. Not a problem. With our Cross-Chain Swapper, you can bridge tokens across Solana, Ethereum, and Polygon right in your Phantom wallet.