Sometimes the crypto world brings pleasant surprises — and this week, JUP Network did exactly that for us at Terramatris.
Back in January 2024, JUP tokens unexpectedly landed in our portfolio as part of a surprise airdrop. At the time, we didn’t have any specific stance on the project — we weren’t particularly bullish or bearish.
Jupiter (JUP): Why This Solana DeFi Token Caught Our Attention
We decided to allocate a small portion of our fund to JUP, categorizing it in our “moonshot sector” - assets that we’d be thrilled to see appreciate 10x–100x in a meaningful time frame but are also ready to accept could go to zero. JUP fit perfectly into that high-risk, high-upside segment of our portfolio.
Instead of letting the tokens sit idle, we continued dollar-cost averaging into JUP over time. The tokens we accumulated are staked, and we also participate in the Jupiter DAO, engaging with governance and network updates.
These are not core trading activities for our fund — rather, they represent our contemplative, experimental side, exploring promising ecosystems without risking too much capital.
One of JUP’s most interesting mechanics is its ASR (Active Staking Rewards) system, which distributes rewards once per quarter. We’ve just received our latest round — an estimated 2% in additional tokens and while that might not sound huge, it’s a solid and consistent return for an otherwise passive position.
In a market where many assets promise much but deliver little, these ASR rewards are a reminder that steady participation pays off — even if the total exposure is small.
We don’t see JUP as a pillar of the Terramatris portfolio, but rather as a speculative satellite, orbiting around our more strategic investments. Still, when surprises like this ASR reward arrive, they make us smile and keep us curious about what’s next for the Jupiter ecosystem.