I am asking meow & the team to re think this proposal.
All respect to you Meow for creating the most successful app on Solana from scratch. You are the leader & obviously what you say goes but, unlocks are already out pacing buy backs by a ratio of about 25:1this month. Adding another 280 M jup to the unlocks will only add to the selling pressure.
Why can’t the other 50% generated by fees be used to hire new talent paid in USDC? The perception of JUP rn is that it’s a big insiders club where working groups & teams get cozy compensation packages that they get to dump on the average DAO members head. This needs to change if we want to be successful long term. While we stake our hard earned money and are down about an average of 50% rn “founders” get to come in and make a monthly 6 figure monthly salary that adds to the selling pressure.
With staking at a ATH price shouldn’t be at a ATL. That means staking rewards will be seriously diluted for a DAO that is already underwater. Those 280M jup should be used to increase staking rewards over the course of the next 5 years aligning with long term goals. There can be bonus incentives included in this for members who stake long term without unstaking. For ex a wallet that hasn’t unstaked for 3 straight quarters would receive an extra 5% added to their rewards.
In conclusion the community as a whole is unhappy with the 2030 proposal. We weren’t giving an alternative option to vote for. If it was made clear that if abstain won out there would be a new proposal open for discussion there is a good chance it may have won but no one knew what it meant. Please re consider this proposal with new options & a clearer structure. Things are changing rewards are diluting & it looks like we are at the early stages of a bear market. Take a note from Elon & what he’s done with X as well as what he’s done with DOGE sometimes less is more. Thanks for your consideration
Sorry bro…is not “the perception” but the reality. Meow intentions were good but he got played by his own people.
Too bad… After creating, probably, the best product on Solana to fail because of poor management.
Statements like “if you don’t agree with us don’t use Jupiter, you can leave” and that 1st Jupuary vote was a wake up call for me.
“Wise words to push the Jupiverse forward, that’s real-time leadership! It’s the attitude that makes the difference, and in this stage, optimism is powerful. Thanks, everyone!”
The problem is… every vote we take on the chin now. That’s the main point of all of these posts. I have been here since close to the beginning of this DAO, participated in every vote (but the very first one, missed it by a couple days, at least the best animal won). Been relatively active on the Research forum.
There’s a common factor here among all of the posts about the 2030 proposal that i think everyone is missing:
LACK OF TRUST
I voted for the working groups, and I still stand by my decisions, we have some very solid people working under the JUP-brella, very impressed with their work. The problem here is that money and power can change things.
We needed to create the CWG, they need to be able to operate and make decisions, same with meow. But those decisions need to be transparent, with frequent communication, and often with more inclusion of the DAO.
Those updates used to happen to show and communicate progress for all of WGs. This needs to restart. We also need much more visibility into the funds being used, where they are going, how much the DAO has, all the WGs etc… this also used to happen in posts, might be good to get a dashboard setup for this.
(I could be missing these updates, and they very well could still be happening, but they aren’t really visible in this forum, or I am just completely blind)
This is basically all I have to say, buried down in yet another thread about the 2030 proposal. I know the vision is still there, its just been muddied by a lack of trust recently.