There seems to be quite some overlap here with my proposal JUP Airdrop Round 2: Addressing Concerns & Proposal for Distribution
Disclaimer
The author of this post is not part of the Jupiter team in any way.
This is a community proposal and discussion, and the criteria below are not final.
The final criteria will come from the team and still have to be voted on by the DAO.
Airdrop Distribution Proposal
Below you find our JUP Airdrop Distribution Proposal for Jupuary round 2. The proposal has been expanded multiple times to include feedback from community members in the comments. Scroll down for all the data, analys…
The fact that swap volume is saturated imo is not necessarily a reason to give it less weight.
If airdrop farming / gaming the system is the concern, there are effective methods to tackle it. My proposal weeds out 11,361,557 wallets with less than < $100 USD volume together with some further deduplication and anti-Sybil.
$100 minimum volume requirement used to reduce the general user base from ~ 15.25 Million wallets to ~ 3.9 Million users. This effectively weeds out around ~ 11.36 Million low quality spam users / bots and airdrop farmers.
Airdrop Distribution Proposal
Below you find our JUP Airdrop Distribution Proposal for Jupuary round 2. The proposal has been expanded multiple times to include feedback from community members in the comments. Scroll down for all the data, analysis and discussions.
New Jupiter Features & Community Allocations 250M JUP:
DAO / JUP Stakers: 70M JUP / 439,582,771 Staked JUP = 159 JUP per 1,000 Staked JUP
0.159 JUP per 1 staked JUP / 15.9% bonus on top of staked JUP. If possible using the average of different snapshots of round 2.
Community contributors: 70M JUP = distributed at the team’s discretion
eg. Discord, Workgroups, Forums, POAP, Promotors etc. based on level of contribution; with community submissions as in last round.
New Feature Users: 70M JUP : / est. 1,000,000 users = ~ 70 JUP per user
Any user who traded JUP, JLP, JupSOL and/or who used new Jupiter features like DCA, DVA, Ape, Perps. The exact amount of ‘New Feature Users’ is unknown, we estimate it to be at least 1 Million users. The specific distribution would be up to the team, based on available data on New Feature Users.
Perpetual Traders: 20M JUP = 176 JUP per $1M perp volume
Total volume of the user / 113.3B total perp volume (source ) x 20M JUP.
JLP Holders: 20M JUP / 235M JLP x 1000 = 85 JUP per 1000 JLP
If possible using the average of different snapshots of round 2.
.
Adjusted Volume-Based allocations 450M JUP with deduplication:
$10M+ tier¹: 40M JUP / 4,422 users = 9,045 JUP per user
$1M - $10M tier: 70M JUP / 31,920 users = 2,193 JUP per user
$100K - $1M tier: 100M JUP / 182,332 users = 548 JUP per user
$10K - $100K tier: 100M JUP / 664,448 users = 150 JUP per user
$1K - $10K tier: 100M JUP / 1,419,121 users = 70 JUP per user
All $100+ users²: 40M JUP / 3,885,443 users = 10 JUP per user
$0 - $100 wallets²: No Allocation / 11,361,557 users = 0 JUP per wallet
Total: 70M + 70M +70M +20M +20M (= 250M Community & New Features) + 40M +70M + 100M + 100 + 100 + 40M (= 450M Trading Volume Based) = 700M JUP .
¹ A new $10M+ tier is added to reflect the 9.5X volume growth of Jupiter in 1 year. The new tier properly rewards the top power users like traders, whales and KOL’s.
² $100 minimum volume requirement used to reduce the general user base from ~ 15.25 Million wallets to ~ 3.9 Million users. This effectively weeds out around ~ 11.36 Million low quality spam users / bots and airdrop farmers. No allocation for wallets with < $100 volume. Further deduplication may also need to be performed.
Not sure if you’ve already seen / replied to my proposal but curious to hear your thoughts @Carls !
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