Linear allocation (voting power x vote count = total votes) is the most suitable for JUP Staking as stakers have real USD value on the line.
The only people who don’t want this are the 353,468 users who staked less than 50 JUP (many 0.1 JUP) on dozens or hundreds of wallets, in the hope of getting a huge airdrop. Anyone thinking that way can forget about it, this community is too smart to let that happen.
No not really, you can tie it to their volume. Real new users are those who traded on Jup and also voted and used the tools in the dex. Very simple truth. These new voters who bought ten to a 1000 jup are real and should be the focus I believe. Those with more than a 1000 jup havé and are continually being rewarded via the staking airdrop rewards. I read something like 600jup per year for every 1000jup held? Let’s keep it real. Please note I am talking about this part of the proposed airdrop allocation. Not other allocation proposals outlined by you in your updated version. I think you have put a lot of work into this.
I think this proposal is very well thought out, and I appreciate you trying to fairly incorporate all of the feedback received. Truly - it is a herculean task to try to be fair with this, and there will always be people who feel like they deserve more, but I honestly think you’ve done your best, and a great job at that, with this to be fair towards everyone. Well done, friend.
Final, mostly minor comments from me:
Here, we are clearly encouraging sybil or multi-wallet usage. Although many aspects of your system seem logical, your swap allocation is far from appropriate. If I open 1,000 wallets and make $1,000 in volume in each, I would be eligible for an allocation of 63,000 JUP, and the cost to me would be maybe $1 per wallet, totaling around $1,000. On the other hand, if I had done $1M in volume in a single wallet according to your ranking, I would only receive 1,566 JUP, which is quite absurd.
As Meow always says, Jupiter will provide a reward mechanism for real users, not airdrop farmers. Therefore, our focus in the allocations should be on rewarding actual users, not encouraging multi-accounting. I’ve been using just one wallet for the past year without interruption and have done all my transactions through Jupiter. I can say I’m one of the OG users who has been with Jupiter since it was first established. But you’re saying that I would get 1,566 JUP while someone who farms with multiple accounts and opens hundreds of wallets would get over 50,000 JUP? I think there’s a huge injustice here, my friend, and I hope you’ll reconsider this.
It look he’s more interested in jupnuary, volume base and allocations sharing to product usage. It’s PvP mindset if you’re only interested in jupnuary proposal to other products improvements proposal…
Zero expectations should be priority instead of dragging and spamming forum with jupnuary content. Give up content to help jupiverse grow if jupnuary doesn’t goes as he expected eventually he may organise a FUD toward the jupiverse.
Its better than your first proposal but you define community just by the discord, Sanctum approached it a lot better and picked up on members who created blog posts, youtube videos, twitter threads and discord contribution - even this forum has had more important discussion than the discord our contribution here should be rewarded.
I don’t want to hear any criteria with probably in the name for the next jupuary.
Me personally I got 7k jup last jupuary and invested very heavily when it dropped to 50cents I grabbed as much as I could at those prices and voted every vote I could and even planned my trips around the voting, I could be considered a whale by some and frankly listening to people bitch and moan about some people with more money and/or jup is pretty funny.
Those same people would vote in favor for anything to grow their bags.
The main focus for jupuary should be to bring even more people into the jup universe and keep them there, at the same time the old users should be rewarded as well, putting caps on people with large jup bags is just fucking silly, since those people invested more and risked more and should be rewarded for that.
Protect and exclude farmers and sybil abusers and bots, everybody else is free to get as much as they can.
Always a pleasure to help here!
This proposal shows just how much effort and thought the community has poured into making Jupuary a success. It’s exciting to see such a balanced approach that considers feedback from both Perp traders and JUP Stakers.
The adjustments, like increasing allocations for stakers and factoring in the impressive Perp volume (I’m not a huge user of Perps but PPP first…) , demonstrate a strong commitment to including everyone who actively engages in the ecosystem. And the linear distribution based on voting power? A brilliant way to reward those who contribute consistently!
Of course, finding that perfect balance is challenging, but this proposal feels like a great step toward growth and inclusivity for Jupiter. Can’t wait to see how this all unfolds as we work together to make Jupuary 2025 a major success!
The only thing I don’t understand is:
1000 JLP is about 3.5k$ at this price, and you propose to reward 85 JUP only for this? It is ridiculously low compared to the amount it represents! (compared to other reward)
This is absoluly devastating and we need to avoid this at all cost! I just hope we will raise that minimimum floor of $1,000 volume.
For 1 year, if you’re not able to trade at least $10k volume on Jupiter, you’re probably not that interested in the product
What about the percentage of arb trading volume from this swap volume
There is a fee charged on using (DCA , LO , VA -0.1%) and perp(0.06%)
And we can subtract those value from the recent swap volume.
With deduction of Arb trading volume , maybe bots will be removed too
Let have the only volume created by real users between Nov. 2 , 2023 till date
the motive should be ‘helping everyone getting richer this life cycle’
not just ‘richies getting richer’
anyway off topic, who heard about ASR ?
Richies:
Great analysis and a solid report. However some ppl may find the info a bit over for them. At this point its best to wait for team’s announcement right? Also, Jupuary isn’t certain nor confirm, it still needs to go through dao vote
you greedy as hell, i hope you one day pay a price for bragging. but i bet you the one getting disappointed the most among all others, good morning champ.
please spare a minute to share a wallet let us know what sort of daily product you using.
Overwhelmingly agree.
I’ve said it broadly with every single project I’ve used, anyone that allocates largely linear I personally see as boycott worthy, no interest in supporting projects that continue to do so.
Token prices of projects that have done so recently should emphasize that linear allocations are awful for the community and health of a project.
5k base volume is quite high, albeit it makes sense to up the stakes compared to last time particularly to combat the exponential growth in sybils.
Potentially a months of use, say a transaction in 2-3 distinct months might be worth it in this regard too.
Imo wallets who stake 1500jup or less that missed snapshot for jupruarys initial launch, should recieve additional rewards. If retention of users and concentration of stake power are considered. The mentality and the structure used for ASR must be scrapped for Jupruary, reward the little guys like was stated at the Gensis vote… if not, then the dao will see an exodus of users and the dao will concentrate to a few heavy wallets.
The ASR might as well have been donated as the fee to claim them was not worth the tokens. Lower weight voters are holding their breathe for January’s drop, ASR seems to benefit the heavyiest, while the blue collars stake not to really benefit from it quarterly. Whales do, team does, everyone else not really worth the time in staking to rewards.
It is even worst than this before
The JUP team want everyone to be available for decision making
They pegged the first qtr quorum to vote to be 1 JUP
Due to high number of farming
They make it 10 and now we still have lot of people that stake that 0.1
JUPUARY ONE comes with motive of - No cat should be left out
But this one , a lot of cat doing wrong things will be left out
Maybe he is a whale as he proclaim
This is what I’m saying
the minimum threshold should be nothing less than 5k or 10k
