In case any of the members requires to sell a certain amount of there staked JUP on an urgent basis and not have wait for 30 days they can offer it at 50 percent of the price to any of the other member who would then have to keep the jup staked for atleast 90 days before they could unstake it ! That would be helpfull in case a member wants liquidity on urgent basis as well as enable other community members to take use of the 50’percent discount as wel keeping the JUP staked for another 90 days! This would also keep the economy running within our community as well! What are your thoughts on it ?
Against:)
bad idea its
4 Likes
how would that even work?
4 Likes
I think something needs to happen to give stakers more options than holding. I think 50% is a bit harsh on the staker, would lean towards 75%, obviously jupiter could make a fee. Alternative just change the unlock period to one week max, it would attract more stake.
4 Likes
Imagine you have 2000 JUP staked and u need urgent liquidity and you can’t wait for like 30 days you should be given an option to sell your staked jup to any member whose willing to buy the staked jup for 50 percent of the price of the jup at that time. But this comes with a catch that once he buys staked jup at half price he obviously gets the benefit of the half price but for that his purchased jup cannot be installed for 90 days atleast as in it would be Locked for him so he paid half that’s his benefit but the jup remains staked another 90 days which which Is a plus for the community and the initial seller gets his liquid cash for staked jup so it’s a win win ! I would just call it a preliminary thought but it could be further brainstormed to be converted in to a lucrative mode for all parties ! Hope that explains
4 Likes
no i dont think anyone will go for -50% drop on 30 days wait time
5 Likes
You could be onto something here, however, predefining the 50% is not the way. Either let the free market determine that (between the buyers and the sellers), or what you are looking for is possibly liquid staking. Thanks for bringing up the topic though!
3 Likes
I would second you on the 75 percent but I still think we should be motivating people not to us take the jup as it is beneficial for the community hence whatever the percentage but it should be a bit harsh on the person whose selling staked coins and should be lucrative for the person who buys the staked JUP and then keeps it staked for 3 months !
2 Likes
Highly against this tbh. For me, all idea of staking is the trust we insert. No one should have more than they can afford either way. That is being said. However, if we really talk about a potential liquid usage of it
it could potentially be used to loan in someway. Such as
100 jup worth: x amount
can loan: x/2 amount
if liquidated — goes to jup dao or smt.
3 Likes
Much appreciated ! And 50 percent is not hard and fast it is just a proposition and I am totally open to ideas on it ! Also I think free market based on the buyer and seller can be a good alternate. But my major emphasis is on the motivating users to keep more and more jup staked so that the community in turn adding value to the community and jup !
1 Like
i encourage “JupCats” to keep staking, for now the price is down …good to put a little bit in our pot …not financial advice! This is the opportunity to increase our stake // …my experience tell me about it! is my best recommendations
2 Likes
Makes sense, mate. If that is your goal then might I suggest looking into liquid staking, as maximizing stake by engaging users who wouldn’t otherwise lock their assets is one of its pain pros/features. I truly love where your head’s at.
2 Likes
I would look into it
3 Likes
We need a tokenized and exchangeable token for every staked JUP. That way, stkJUP-JUP would trade on the DEX, which would give an instant exit for anyone not willing to wait the 30 days cooldown. Activating the 30 days cooldown would return the stkJUP.
1 Like
Not sure if that is even possible ! Or is it? my basic idea for this proposal is that I think there should be a way for any jup holder to instantly liquidate his assets by paying a certain value to the the one who is willing to provide the liquidity or in other words buy the staked jup from him and in return the buyer agrees to keep the jup staked for another three months so its a win win for the buyer seller and the community !
Great idea, let the market decide the value of the staked Jup. This way, people who want to stake and unstake will find a free market and Jup will benefit in fees (Let’s make it 5% fee for an example)
1 Like
Obviously if Jupiter can make a market Buyback, they also can buy staked Jup with 75% discount
1 Like
I firmly believe in the first rule of cryptocurrency; “Spend only what you can afford to lose”. If you’re ever in a position where you would need quick access to your funds, staking them in governance should not be an option.
3 Likes
agree with you 
and i’m still faithful not selling. 
My balance is negative+++ 
; and i will wait 2 yrs or more. I’m continue to buy bit by bit, with my best mood, optimistic, hopeful, and dreaming of a successful Jupiter. Always keeping my spirits high and staying positive. Never compromising our immediate family financial priorities, and investing with wisdom and clarity. The cryptocurrency market is high risk, like any other investment in any market.I love this group, this home …this Jupiverse , the leaders are great members. Best wishes!
[quote=“Morten, post:18, topic:35911, full:true”]
I firmly believe in the first rule of cryptocurrency; “Spend only what you can afford to lose”. If you’re ever in a position where you would need quick access to your funds, staking them in governance should not be an option.
[/quote] @Morten
2 Likes