Guys,
I want to propose adaptation of long-range staking locks within JUP platform, something similar to what others have done in the space: e.g. Aerodrome Finance.
In a nutshell Staking would be compounded by voting automation in token locks of vote-escrowed JUPs and rebase compounding of scheduled token emissions
Would JUP technology allow this? This may require some system changes. However, i see huge benefits by having JUP token holders get the vested interest and getting rewards through vote /governance automation and compounder strategies. For instance MaxiLock (4 years) would yield 60%+ annual rewards due to voting automation and emissions rebase compounders.
I would like to have someone from tech side consider reviewing this proposal. We can discuss more in details when relevant.
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Is the purpose to have people lock their JUP for longer timeframes for price stabilization? Has it been successful for the projects who have tried it. Not sure how many would be interested, and it kind of goes against active staking in my mind. The success of the DAO revolves around an active community not just staked JUP but votes. I believe that locking for 4 years could be a detriment to the active staking. Just my opinion though.
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Yes, correct. Protocol price stability in bear market is key.
People would have an option: 1-12 months, 24, 36, 48. Obviously, no one would force to stake you for 48 months. But the range of incentive will become the determining factor for investors to choose from. For instance short term staking would yield 8-15%. MaxiLock would yield 60%+ APY.
Take a look at AeroDrome Finance, one of the key Base projects at the moment. This is the optimal example of what I am referring to.
You are correct on active community voting vs Automation. And that is something to consider that may go in paralel, in my mind. I suggested that someone from protocol devs gave their opinion if this is feasible. But obviously, JUP core leaders need to see weigh in.
Peace!
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While I get the point and maybe could be something to think about in the future I feel it kind of goes against the ASR we currently have. Meow just tweeted about using unclaimed JUP to continue ASR. If we assume 230 million divide by 50m that’s at least another year of ASR if we keep 50m. So it would be something to.think about after that. It also depends on how LFG V2 goes and if quarterly awards for the launchpad fee are given to the stalker. With multiple launches it will be interesting to see how awards are given.
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I get it but you have to remember Jupiter thrived in the bear market. Also not saying ta a bad idea but it may need to wait until ASR ends. Then that could be something to discuss. Right now it is just counteractive to ASR. Also I’m pretty new too just giving my opinion on how it I see it right now. Crypto can change in a moment so we have to remain flexible.
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Not sure JUP thrived in bear market. There is not a protocol that did. You do get the initial hype when you launch a protocol during bear market but even that eventually fades once BTC or SOL drastically drop in value and it gets to continual bear market trend. Everything falls.
Back to the subject, I still believe you can integrate both ASR and Automation / compounding through time locks. Compounder strategies in the context of time lock environment will help mitigate bear market. For example, I am looking at AERO protocol and see 22mil locked on long term MaxiLock. That is already 5% of total supply.
Think about it, one of the key concerns of stakers is the dilution of their investment. With rebasing compounders the token unlock distribution rewards long-range stakers.
I still would love to have someone from dev team assess how feasible it would be and obviously Meow’s opinion
Peace!
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Ok fair point I guess it depends on how you view thrive. I guess I should have said stayed building or something along those lines. I’ll let someone from the team respond just wanted to give my opinion. Have a good day!
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If you build a great product like Jup, build a great community around it, you are ready and willing to pivot and keep up to date with the ever changing crypto landscape; my believe is that there will be moments of low prices but the value of that product will stand the test of time and will always rice back to its real value. Focus shouldn’t be only on price as no matter what price will go down but if the Jup product roadmap is followed and implemented, it will maintain its right value determined by the market at any given time.
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Sorry, accidentally deleted my own post
Recovering the response for the record==>
Maybe you are right. I do not know. I am pretty new to engagement in here and I want to learn the lay of the land and the distribution schedule as well as how people get incentivized to stay on invested in JUP.
But I think Meow and protocol people will think differently when things start going south for 3-4 years of bear market. All those community enthusiasts will decrease by leaps and bounds.
Bear market price stability will be key to think and how to preserve the value of the token when everyone falls 99% off of their peak
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