I have read your criticisms and you have valid points. 10 days may be reasonable, but 10 days instead of 12 months seems absurd.
Instead, I changed it to 1 week and the penalties are reduced weekly. I guess there will be people who do not find this sufficient.
I have another idea for this;
There should not only be a claim button on the airdrop claim screen, but also a stake button, and those who stake directly without claiming will gain 25% or more voting power during the 10-week penalty period, and their voting power will return to normal level after the 10-week period.
Finally, if there is a problem, we cannot solve that problem by postponing it. I think postponing the problem will make it worse. When the 1-year period is over, the other Jupuary will come and a new 700M $JUP will emerge. What is the point if you postpone it by 1 year? Also, what happens to projects with very large unlockings? Is there a big dump? We can solve this problem well in 10 weeks. There is a market that will make you feel like nothing is happening, and we should not forget that.
Don’t think ten weeks is to short with price probably going up a lot it could work. But having a one year period also spreads it out even more. I think this is becoming a good unfolding tokenomics process. A balancing act that needs to take into consideration many factors. Jupuary 3 will also need to be handled differently I believe as it will come at the end of a bull. But the 75% reduction solves that too if it all goes to stakers. Will be interesting.
You are not a true believer or just want wanna TP? Sell and get 25% of allocation. Rest of 75% goes to future community rewards (ASR)
You are a believer but don’t wanna lose the bull run? Keep your token, vote on ASRs (compound ur drop) and when you feel ok, leave with a penalty. Rest of ur tokens go to fund (ASR)
You are hardcore JUP fan, you want to compound as much. You keep stacking for another year, compound every reward of ASR. And get into a great position for the next year of ASRs through the penalties of other people.
You don’t care about dillution because at the end of this whole period after 2 years you will have a minimum of 2x JUP you started with ( not even adding this or next Jupuary).
Minimum 100% APY in 2 years is a very good bet.
First of all, TP is not betrayal, people should be realistic.
Not everyone has the same living conditions, some need $50, some need $5000. Let people do what they want. Some people use it to pay for college, some use it to increase the amount of JUP in Stake. A single point of view is always misleading. .I think I explained it without dramatizing it.
Now let’s look at it from your perspective, why do you think this airdrop will create sales pressure? Can’t the community handle this pressure? Will your faith disappear when the price drops in such a market?
Maybe more than half of the people will stake and there will be no pressure?
If you believe in this project enough, there is no need to hesitate.
Finally, 2x$JUP in 2 years is great, yes, but let people buy and sell whatever they want. If people trust the project, it should never be a problem.
There is a concept that is both classic and valid in our lives, “sell in may go away”. It would probably be best to limit our financial assets in this market until May. Thinking that the bull will continue until the beginning of next year is an assumption, what I call reality. We should evaluate reality instead of assumption. Don’t postpone today’s work until tomorrow!
We must stop postponing the problems, we must try to eliminate them, we have the power to do this.
You’re getting a bigger gift if you stay here,if u wanna leave you getting penalties,after 10 weeks there is no penalty,after 10 weeks there is no sell preasure.
Before you give people your tokens, how do you know if people will sell or stake those tokens? There is no need for prejudice, let people do what they do and this burden will be eliminated. There is no point in postponing the work you need to overcome today just because you can do it tomorrow. Let people either be locked up for 1 year or receive increasingly decreasing fines and let’s eliminate this problem in this market. Jupiter can easily overcome this, but it seems to me that you do not have full faith in this. In addition, there will be tokens deducted from the penalties and these will return to the community, there is no need to worry.
Good morning . I’ve been staking here since beggining. I think we have to value outsiders, distribute value to those who use the platform, which is really the heart of JUP. If those who received the platform were encouraged by this (receiving drops), we will capture the attention of people who interact with the Apps, and this, in my opinion, is great for capturing attention in the market. Especially because, if it were decided to value stakers, we would remain in our conversation circle and would not invite more people to participate in the conversation. Also, I think it would be very interesting to BURN the lock to 75% (or 60%, like here). I think people will like this idea of ​​"I’m going to take what I can and the rest will be burned." Like: “I’m withdrawing my reward (25%) and helping the token become more scarce (75%)”
i think that we have to care about others sentiments. Imagine the sentiment of a guy that has the opportunity to claim his drop and contribute to scarcity of the token. It seems reeeeeeally nice
“the rest to DAO”. its so boring guys, come on!
I agree that a quicker vesting schedule could be more advantageous, particularly in a bull market where market conditions are favorable and the potential for growth is high. Here’s my proposal:
20% Unlock for 5 Months:
Bull market momentum: In a rising market, there’s a limited window to take advantage of growth opportunities. Such conditions can help counter Sell pressure moreover, a faster unlocking schedule ensures that liquidity is quickly injected into the ecosystem, which can help drive further price appreciation and market participation once sell pressure subsides.
Avoiding market dumping: While a quicker vesting schedule increases liquidity, the 5-month period and the 20% unlocks prevent large portions of tokens from being dumped all at once. This gradual release helps manage price volatility and ensures more stable growth.
Mitigating Risk of Over-locking: A prolonged vesting period could result in token holders feeling disengaged or frustrated, especially in a bull market. By unlocking a portion of the tokens sooner, you allow for a healthy distribution of ownership and involvement.
its not true,bull cycle started at end of 2020 and over in may 2021, if it will same,we can say it will start at end of 2024 and it will over in may 2025 as we can see atm.
I favour the 75% penalty for instant access to airdrop and the 12 month wait to get the full 100% allocation.
The airdrop is a free gift for using a platform that already benefits the user by using it. (Platform) Anybody who does receive this free gift of tokens (money) of this amazing platform should have to wait a proper amount of time before getting full access to it. I believe 12 months is a suitable amount of time for full access.
I also don’t think those who choose to wait out the 12 months to get their full 100% allocation should be able to access the ASR that the current staked tokens are able too.
Could be but also it might turn out to be a super cycle. If dollar fails then a lot of people are going to get into crypto. But as always it’s all speculation,
In this case, magine, if I come to your birthday and I will bring a cake to you I will say: “You can have 1/4 of this cake now or whole cake after 1 year?”. What will you choose?
I’d be thankful that you were prepared to give me a cake, for NOTHING… The cake cost me nothing to buy, but the cake was a reward because I used your services through the past 12 months that were of help to me., additionally, I could sell that 25% of the cake and literally have money in my hand that I’ve done nothing for. But the cake analogy is a rather poor one tbh. (Respectively)
You work a job with reasonable pay. your boss pays you for the amount of work you do. You do more work (stake more $JUP) you earn more money, If you work less (stake less $JUP) you earn less>
Now christmas time has come around and the boss DID NOT buy you a christmas gift. You thought you deserved a gift because you had supported the business by working as many hours as youd liked. You are paid reasonably for your work, in fact, the Pay is extremely good return each quart of pay.
But at christmas your disappointed and feel entitled the boss didnt buy you a christmas gift?
Thats how i feel about stakers not being included. You would never feel ENTITLED to a christmas gift from your boss, when he already pays you really well for the work you do.
No staker should feel entitled to a gift by any means, when ROI is already very high! First ASR1 was like, what 22% more jup per quarter?
While the first ASR did have 22% (9 votes in total) in rewards, the second one had less (both JUP and less tokens on LFG) and every subsequent ASR will have less return percentage wise (considering you would have to vote every single Proposal for the whole cut) because the amount of staked JUP has risen quite a lot since the iteration of the DAO, and if the ASR allocated JUP (50M per quarter) does not change, the reward in terms of APY will get smaller.
So, it would be wrong to assume that the ROI for staking JUP is or will be on some crazy levels (i.e. >20% per quarter).
Although I would agree that just by staking and not interacting with the Platform in any other way (maybe) you shouldn’t meet the criteria for the Jupuary, but I most definitely think that if the wallet meets the criteria for the drop, it should most definitely get a bit extra rewarded for contributing in the DAO (voting power+amount of Proposals voted).
My point was that it will be much less if ASR allocation stays 50M JUP. Only the first year of ASR would be lucrative so to say (with first ROI being +25%, 2nd being +18% and 3rd one being around 13% equaling to around 65% ROI for the first year).
You can see in the graph below how the ASR will playout with mild assumption that only around 30% of whole Jupuary 2 will get staked after the drop.
