J4J #3: Jupuary Vote 1

Jupiter DAO
1

This vote is for checking if the community is comfortable with 2 more Jupuaries of 700M JUP each.

This is a 70% supermajority vote coz the outcome is likely to be far, far better if the process is conducted w the strong buy in of the core community of stakers, vs unilaterally.

Because it is crucial that the whole community is unified, the team will be seeking a 70% yes vote, and will spare no effort to get there.

We strongly believe that the coming Jupuary can be a transformational event for the community - but we need to get as one unified community - not a fractured divided one.

Reember, if the vote does not pass, it does not mean Jupuary does not happen - it means we will take your feedback, iterate on the proposal, and ask for a new vote.

You will be able to leave your feedback after casting your vote and verifying a signature.

Goals

The aim of Jupuary is to accelerate the growth of the community, massively decentralize the protocol, and through the entire process unify the entire community under a common vision.

As such, Jupuary in 2025 will be designed with the following key design considerations in mind:

  1. As inclusive as possible, with the goal of allowing every key segment to feel included.
  2. Aimed at real humans and active users who are very likely to understand Jupiter’s ethos and become engaged in our growth journey. Volume will be a consideration, while not being the sole focus.
  3. There is no planned locking or vesting as we seek to end each Jupuary with a highly aligned and unified community.
  4. Part of the allocation could be used to incentivise ongoing participation and future growth.

Additionally, the team will also be investing heavily in terms of sybil detection, enforcing higher minimum thresholds and proof of humanness before claims.

You Matter

It is my sincere belief that if we are able to complete this in a united way, we can make JUP, Jupiverse and Jupiter far bigger, comprehensive and valuable than before.

It would of course, have been far easier for us to do this the usual way (unilaterally or to give to insiders) - but we believe this is a far better approach in the long run.

I will put forward what i think is best way forward.
You decide if it works for you - that’s a big part of the reason for ASR.

Your vote, feedback and empathy is really needed here.

You matter.
JUP matters.
Jupiter really matters

JUP, You & Me Essay [IMPORTANT READ]

151 Likes
3

Let’s onboard more people to JUP community, Grow The Pie.

39 Likes
4

Jobs not finished, there is so much more room for growth. LFG

26 Likes
5

GROW THE PIE. YES!! :green_heart: :people_hugging:

27 Likes
6

People who want to sell, will sell. It is inevitable.

Being in a position like now is a rare opportunity. With Bitcoin, Solana and other majors finally reaching previous ATH, many eyes are back on crypto. There are loads of positive developments on the horizon for the whole industry. Easied regulations, clear legislation, institutional acceptance.

A perfect storm you could say. I will be voting yes as I believe it is imparative the community capitalizes on this opportunity. Grow the Pie.

30 Likes
7

PPP , let the jeets jeet

15 Likes
8

Probably I won’t be aligible for the airdrop on my JUP staking wallet - using it only to stake and attend to youtube Jupuary :wink: But I see this project as something bigger than one airdrop - will continue to support the team and believe the future for Jupiter is bright :slight_smile: Voted : yes :slight_smile:

25 Likes
9

i believe this creates more room for growing the pie. meow.

5 Likes
10

Based cats under the range of opinions from the community :cat2:

Looking forward for a stronger and bigger community. Let’s grow that pie!

7 Likes
11

$JUP is a governance token. It should go to the users who care about governance and the future of the protocol. That is signalled by staking $JUP, following this forum and the Planetary Calls and voting on proposals. It’s a lot of work, but you’re rewarded for participating through Active Staking Rewards which has proven to be one of the highest yielding DeFi governance activities in the world.

Unless there can be guarantees that Jupuary contributes to governance, Jupuary should discontinue in favour of governance incentive programs such as Active Staking Rewards (ASR).

As of right now, ASR continues because of unclaimed $JUP from the original Jupuary. ASR needs more funding and for stakers to feel a sense of security in locking up their governance tokens without fear of dilution and financial loss.

The original Jupuary was a token generation event so no one was at risk of financial loss. It was also unexpected so there was no opportunity to farm.

Jupuary needs to go! It would be better to commit 700m $JUP to actual DAO participants — which, by the way, is available for anyone to participate for the price of 1 $JUP ($1.10) as of writing.

27 Likes
12

This is crucial to start the year right and to continue with the 90% of what is in store after this!

6 Likes
13

Jupiter DAO absolutely grow the pie :heart:

7 Likes
14

It is my sincere belief that if we are able to complete this in a united way, we can make JUP, Jupiverse and Jupiter far bigger, comprehensive and valuable than before.

Same! Let’s grow the community, and grow the pie all together!

8 Likes
15

A big no. Since @meow hosted the first JUP rally, more than 100M JUP has been unstaked and the numbers are growing. Comprehensive JUP Staking Dashboard | CyberaResearch | Flipside

That being said, I accept what ever the voting result is and act accordingly.

13 Likes
16

If only we could live watch the vote proportions …

6 Likes
17

LFG. Let’s also bring in more data points to track stake (dollar vote), community participation, solana ecosystem tenure (“OGness”), and Jup app usage.

2 Likes
18

And imagine what it would do for a price of JUP. It would skyrocket, would bring a lot of attention to JUP, which would further go to Jupiter products. The only people who’d be disappointed would be the ones who have been farming this airdrop for a year now. And even for them, buying JUP would be an awesome opportunity.

8 Likes
19

We are fortunate to have the opportunity to cast our votes for or against this proposal—a rarity in this industry. I encourage everyone to exercise their right to vote and express their views. As in any democratic process, it’s important to respect the outcome, regardless of whether you find yourself on the winning or losing side. Let us continue to support the team and work together toward our shared goals.

It’s an easy Yes for me💙

7 Likes
20

btw the feedback form post-vote “You have voted for “J4J #3: Jupuary Vote 1” - Submit Feedback” - does not seem to work when you have cold storage.

3 Likes
21

I would advise the vesting. You stated many times that you don’t feel good, when JUP price go down. In this term I think many people will just instantly dump the tokens. I am not a fan of 75% burn if user instantly sell.

Maybe also try to think about utilising both of them + lock (in the way of putting it into staking, where there’s 30 days unlock period)

Airdrop 30% into staking - “LOCK” 30% of the airdropped tokens
Airdrop 70% wallet - with vesting and if person instantly sell once he get tokens 50% gonna be burned.

or

No vesting and burn as a lock feature.
If user instantly sell, XX% is for sell and XX% will go to the staking (it’s like force lock)

You can try to take an inspiration and think outside of the box.

10 Likes