Solid post. I made a ranking for your first point 1. JUP staking and voting
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Rewarding for holding an initial airdrop kinda makes no sense because of basic security reasons people changing their wallets sometimes to reduce risk of being drained.
Agreed with all other stuff tho
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im sure the team will work something out. Bonk did something similar
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This is a very critical & valid point. Many do that and I do it as well. As I do this within the phantom wallet, I have actually wondered at times whether the system can automatically identify if you have just moved your token to another account within your phantom wallet? I did assume that was the case when @0xSoju & @meow did explain how the ASR reward will work ie even if you vote from x10 different wallet you still end same as staking & voting with all from a single wallet.
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Na you both do, love your threads!
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Agree, like all these suggestions would hate for this forum to be left out though. I feel like meaningful discussions exists here but is almost forgotten by the wider community. Anyone contributing on here has taken an active step in engaging with the community beyond a basic level, so maybe they should too be rewarded?
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You forgot about the place where you’re posting this great suggestion, THE FORUMS! haha
Only consideration is with 6, given the security concerns pertaining to wallet usage it would be unfair to penalise someone who kept their tokens but split them into different wallets for opsec purposes. I’m being very picky with my criticisms here, your post make a lot of sense and hopefully the team takes it into consideration when they decide on the criteria come Nov!
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Only a small amount of the community use this forum, so I think we are all diamonds in the rough!
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Im pretty sure JUP has tech that understands cold wallets ect, pre sure they had something last year
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These are great ideas even if some will be more difficult to measure than other, especially those that are related to creating value within the community.
My perspective on how to track and check if eligible for any of those ideas:
- Staking and voting & Planetary calls - I would apply the weight where those that voted every time would receive a score of 1 and those that voted less times would get a score below 1 (times voted / total votes). Maybe you can additionally apply a penalty to the score wherever the wallet has performed unstaking of their allocation during the period.
The same approach i would do with POAPs where if you collected all of them you would get a score of 1 and if you have less you would get a score below 1 (poap’s collected / total poap’s). Its important to add here that only POAP’s that were dropped by JUP to the wallet would count. I would disqualify all POAP’s that were sent from, non-jup wallet to your wallet or were bought on the 2ndary market. I don’t have all POAPs myself but this is fair to those that were there for real!
- Cat of Culture and Cadet Roles & Value to the community & Peer nomination - I think we can agree that some of the people have roles already since last year so additional checks would be required to see who has been active, spreading the good vibes, helping new or existing people and hereby continue to be the best example of what the JUP culture is. Since there are “not that much” people inside these roles i still think it is manageable to look at them individually. At least i would approach this individually, like an HR person, having a designed checklist with it.
I would as well add referrals in this bucket as these are on-boarding new users to the platform.
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Twitter Threads - There are many posts/threads on x about JUP and i would always give a plus to those that actually (promote) explain what JUP is, how things work and what value a user could get by using it. It should be like a promotional leaflet or a sales pitch driving curiosity / interest to those unfamiliar with JUP or crypto.
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DEX Volume - I though about these a lot. There is massive farming from those that are here only for the farming so i would allocate to DEX volume only a specific percentage.I would give like 25% of total airdrop allocation to a wallet that has used all DEX features (swap, DCA, VA, Limit, Perps, APE,…) and has as well reached a specific volume on all of those. Even if we know that farmers make JUP metrics look better i would still favor those that always come back cause they need it and not massively produce transactions for the purpose of volume, as those that farm will leave once there is no more farming.
Long story short: Grant those which actions show as if they would be working in: sales, support, operations and other key pillars of JUP.
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Great suggestions, don’t think Meow wants discussion regarding the airdrop till after the snapshot though
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yeah i agree with these points, great analysis !
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Brilliant ideas. The more people engage with these debates, the more comprehensive the outcome.
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Hopefully the Dao will get an opportunity to vote On what the criteria should be But not all elements.
I’d be more than happy for me and the team to decide that because I feel most people just rather than engagement
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If the team reads these debate, they should be able to sort of pick up those emerging themes that are amplified or we are all sort of building consensus around. They should then use like a Jup planetary call to throw a teaser of what they are formulating the qualification proposal around close to the voting date or after announcing the cut off period so it doesn’t get cheaters to work to influence the process & then they can get more feedback from the community call to finalise it after that. Key is to drop this when the cut off date to capture a snapshot of all those to be rewarded have passed so that there aren’t crooks doing all they can to get in and play the system. There should be that element of surprise so that there isn’t last minute games to out smart the process. Yes they can invite some people like yourself who have been championing these airdrop criteria debate to contribute even others like @BTC, @xzynots etc.
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Yeah 100%. In fact I go back on my word a bit about the dao deciding. I would be stoked if the team delivered it this way as mentioned!
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Because this debate is gathering steam and some key terms are cropping up, I felt the need to explore/research a couple of key terms to help those who aren’t expert in this topic like myself to get the clarity on 2 key emerging terms: ‘TIER & LINEAR in the context of crypto airdrop distribution’ so that anyone who aren’t sure can be informed as the debate goes on. In the context of cryptocurrency airdrop distribution, “tier” and “linear” methods refer to how the airdrop tokens are allocated to recipients. Here’s a breakdown of the differences:
- Linear Airdrop Distribution:
- Definition: Linear airdrop distribution means that the tokens are distributed evenly among all eligible participants or released evenly over time.
- How It Works:
- Even Distribution Among Participants: If 10,000 tokens are to be airdropped to 1,000 participants, each participant would receive an equal amount, i.e., 10 tokens each.
- Even Distribution Over Time: If the airdrop is scheduled over a period, tokens might be released in equal parts during each time period. For example, if a participant is eligible for 100 tokens over 10 days, they would receive 10 tokens per day.
- Use Case: This method is typically used when the goal is to ensure fairness and equality, distributing tokens equally among participants regardless of their status, holdings, or other criteria.
- Tiered Airdrop Distribution:
- Definition: Tiered airdrop distribution allocates tokens based on predefined tiers or levels. Participants receive different amounts of tokens depending on the tier they qualify for.
- How It Works:
- Different Tiers: Participants might be grouped into tiers based on factors like how much they hold of a certain token, how long they have held it, their level of engagement with the project, or their contribution to the community.
- Allocation Example:
- Tier 1: High contributors (e.g., those holding a large amount of tokens or early adopters) might receive a larger share of the airdrop, say 50 tokens.
- Tier 2: Medium contributors might receive 30 tokens.
- Tier 3: Low contributors might receive 10 tokens.
- Use Case: Tiered distributions are often used to reward more active or loyal community members or those who have invested more in the project. It’s a way to incentivise behaviour that benefits the project, such as holding tokens or participating in governance.
Key Differences:
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Distribution Criteria:
- Linear: Everyone receives the same amount or according to a fixed schedule over time.
- Tiered: Participants receive different amounts based on their tier, which is usually determined by specific criteria like token holdings, activity level, or community involvement.
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Incentives:
- Linear: No special incentives for holding more tokens or engaging more with the project.
- Tiered: Provides incentives for participants to achieve a higher tier, usually by holding more tokens or being more active within the community.
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Fairness vs. Reward:
- Linear: Focuses on equality, giving everyone the same or proportional share.
- Tiered: Focuses on rewarding behaviour, giving more to those who meet certain criteria or contribute more to the project.
Conclusion:
In a linear airdrop, the emphasis is on equal or time-based distribution, ensuring all participants receive the same amount. In a tiered airdrop, the emphasis is on rewarding certain behaviours or contributions, with different amounts distributed based on predefined tiers. The choice between these methods depends on the project’s goals, whether they prioritise fairness or incentivising certain actions.
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Such a great thread. All point raised is actually valid.
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I think all these points are what will determine The AirDrop criteria
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I just think if whatever criteria they end up with rewards fairly those who have been contributing to the growth of the Jup ecosystem, it will incentivise them to do more and motivate others to engage to earn similar rewards.
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