At Terramatris, we believe in allocating small portions of our portfolio to projects with meaningful upside—a strategy that led us to JUP, the governance token of Jupiter, Solana’s leading DEX aggregator.
A Surprise Airdrop: A Door to Exploration
In February 2024, we unexpectedly received JUP tokens via an airdrop in our Phantom wallet. This surprise grant sparked our curiosity. Since then, we’ve been steadily exploring Jupiter’s ecosystem—staking, voting, and observing its evolving DeFi utility—without letting excitement cloud our judgment.
What Is Jupiter—and Why It Matters
Jupiter is a decentralized exchange (DEX) aggregator on Solana, routing token swaps across over 20 liquidity sources like Raydium and Orca to find the best execution with low slippage It has grown into a core component of the Solana DeFi infrastructure, handling a significant portion of swap volume on the chain
The native token JUP serves as Jupiter's governance and utility token, enabling holders to participate in protocol decisions and earn rewards through staking and an active staking rewards (ASR) system that rewards those who vote
Real Utility—Even for TerraM Token
One feature that stands out for us is that Jupiter supports Solana-based tokens, allowing seamless swaps—which includes our own native TerraM token via the Jupiter aggregator. This enables users to trade TerraM easily within the Solana ecosystem.
Moreover, Jupiter is now entering DeFi lending with Jupiter Lend, offering borrowing and lending, including using JUP as collateral . From our perspective, the ability to borrow against TerraM on Jupiter’s platform would be a highly compelling use case.
Our JUP Position & Approach
We’ve adopted a cautious, measured approach. Our current holdings stand at just over 600 JUP tokens, acquired through staking, participating in votes, and organic accumulation. We’re aiming to grow this to around 1,000 JUP by the end of the year or in Q1 2026.
Throughout, we remain pragmatic—interested in the project’s evolving features, not overexcited. We continue to stake, vote, and engage—collecting small rewards while staying alert to how Jupiter expands into full-stack DeFi.