Unpopular Jupuary Proposal - Let’s Cancel It

My Fellow Cadets, the time has come to finally explore the dark side of the moon and explore some arguments against renewing Jupuary.

As a dedicated JUP holder and voter who has actively participated in every proposal, I want to take a moment to share my thoughts on the upcoming decision regarding the renewal of Jupuary. This year’s Jupuary was a wonderful celebration for our community, rewarding real users who engaged with our product without the expectation of an airdrop. It created excitement and liquidity in the Solana ecosystem, and while I didn’t receive JUP tokens directly, I truly appreciated the benefits it brought to the eco as a whole from memes to beneficial projects and everything in between.

However, as we approach the potential renewal of Jupuary, I believe it’s important to reflect on how things have changed since then. At the time of JUP’s Token Generation Event (TGE), we saw a peak in staking and farming activities as people rushed to participate. Many are now looking ahead to the next Jupuary in 2025, but we must ask ourselves if rewarding farmers is the direction we want to take.

One concern I have is the issue of diminishing returns. The excitement we felt during the TGE brought a wave of new holders and supporters to our community. However, each subsequent Jupuary may not generate the same level of interest or value. To put it simply, think of it like drinking water: the first glass quenches your thirst, the second is refreshing, but by the time you reach the fifth or sixth, it may start to feel overwhelming. This analogy reflects what we might experience with repeated Jupuary events. Instead of diluting our efforts, why not focus on initiatives that offer a better return on investment for our community?

I also want to emphasize the spirit of “No Cats Left Behind,” which I deeply appreciate about our group. I truly believe in JUP and invest 20% of my income each month to buy and stake more tokens. My family, like many others, is not wealthy, and we make sacrifices to support our investment in JUP. We’ve limited our outings this year to save money for this purpose. It’s concerning to think about the potential doubling of tokens in circulation, which could lead to devaluation of our holdings. I believe we should prioritize initiatives that uplift and reward those of us who are committed to the project, rather than catering primarily to airdrop farmers and casual participants.

Lastly, I feel it’s crucial to address the concern of transparency in this decision-making process. Voting to extend Jupuary feels akin to asking voters if they would support a significant increase in the supply of USD without knowing how it would affect their savings. We should have clarity on whether DAO voters, like ourselves, would receive any allocations from such a decision. It’s essential for our community to feel informed and involved in these discussions.

Hence, I am starting this topic to enable more discussions around the topic; including the arguments against Jupuary in general, or a very very very reduced amount as compared to the last time.

Sincerely,

A fellow Cadet! #J4J

12 Likes

That’s a great write up buddy! Live your work.

However there is still a 50/50 rule with jup tokens. So they would need to be used in the community SOME HOW.

700,000,000 tokens this jupuary.

If the vote doesn’t go through what should they be used for? They have to go to community some way or another

We have enough money for grants so what other options we got?

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I feel this one more jupuary is very much needed, and will benefit jupiter, solana, and the entire cryptoverse immensely.
A last Jupuary :pray:

7 Likes

Great proposal and like Lochie said, the tokens must be distributed to the community somehow.
I believe we should have Jupuary as a way to reward everyone that has been helping JUP get bigger and bigger.
The only reason that would make me vote against it, would be if the tokens were dedicated to the ASR by increasing the 50M/quarter to 100M/150M per quarter. This way we’d be giving a big chunk to everyone who really is active in the DAO but with the disadvantage of new users of 2024 couldn’t get any “free” JUP

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Great points. I see the funds as something we could use in the long-term one way or the other. Jupiter is here to stay, at least IMO, and we have years and years to go, where the extra money could come in handy. In the future, we might also be able to vote on certain enhancements we would like made to the DAO structure, backend, etc. and introduce bounties directly through the community wallet; without having to rely on the team to release more from the total supply into the circulation.

I am sure we can find several ways to spend the money towards community incentives, thus staying within the 50-50 rule, and also not throwing money at farmers and social media threaders.

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Another solid take. I totally agree that we should reward users and community members who help JUP grow.

You bring up an interesting point here that we might have to vote on the Jupuary proposal without knowing what voting AGAINST it would lead to. However, there is clarity for voting FOR the proposal.

It might be one of the contributing factors as to why the DAO seems to mostly vote for FOR on the proposals, as we strive for certainty as modern humans as opposed to uncertainty. @meow Voters knowing what happens in either case might be helpful.

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Have a solution

1.35B circ supply, upcoming 700mil dilution.

400mil staked, so we allocate 200mil of the 700mil dilution to voters linearly = 50% increase in bag same as dilution and problem is solved. Then 500mil left for airdropping to new users and increasing DAO and JUP size for PPP!

11 Likes

We’ve already reduced the token supply from 10B to 7B, a 30% cut, and I don’t support further burns. Even @meow tweeted recently that he isn’t a fan of burning any Jupiter anymore. A low token supply isn’t the key to Jupiter’s success; utility, ecosystem growth, and adoption are much more important in driving long-term value.

  1. Utility Over Supply:
    Jupiter’s ecosystem—cross-chain liquidity, DEX aggregation, and platform services—creates strong demand for its token. As long as the ecosystem keeps growing, demand will rise, regardless of supply. Utility matters more than scarcity.
  2. Ecosystem Growth:
    Jupiter’s growth is driven by its services and partnerships. A well-developed, integrated ecosystem brings lasting value, more so than reducing supply.
  3. Adoption and Liquidity:
    Success depends on user and developer adoption. Increased platform use will drive token demand, not further limiting supply.
  4. Investor Confidence:
    While scarcity may fuel short-term gains, long-term value comes from utility and real-world applications, which build investor trust.

Use cases, adoption, and ecosystem strength are more critical to Jupiter’s future than continuous reduction in token supply.

10 Likes

I am not for burning precious JUP either, mate. Good to know Meow supports it as well. We can use the tokens for better purposes though, and they can also be released more gradually with @BTC ’s proposal for example.

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I would vote for this!

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i think a way to cobat most peopls concern with jupuary (price dump) is auto stake it.

Would i be annoyed i cant dump my $JUP right away? no. Will others? ofc.
But it ensured JUP is in the hand of the right people! like @0xSoju mentioned last planitary call, the point of ASR is not for financial gain, rather to increase governance by HAVING $JUP IN THE HANDS OF THE RIGHT PEOPLE.

same for jupuary. Autostake makes sense. if people really wanna sell they can wait their 30 days. That being said, if they do that, imagine getting a massive jupuary drop and missing out on future asr?

11 Likes

Let me tell you something my friend:

Jupuary is and could possibly be THE BEST $JUP product EVER CREATED

I literally don’t have idea how this on chain txs, airdrops works, but they definitely represent the FULLY ALIGNING with Jupiter.

It would be nice to start thinking in a anti-farming solution, like be considered as Sybil

And other mechanisms that benefit the ecosystem and allow us to just claim the airdrop at once.
1-1

That’s the challenge ,no a skip imo

4 Likes

While the possibility of a price drop is real and could happen, if Meow thinks that Jupuary is important then I am behind it. You made some great points, but I believe Jupuary stands for what Jupiter is building. It’s the whole PPP mindset. The goal is not for one to get rich and succeed but for us all at Jupiter to be successful. We have to think long term. Attracting more users is paramount . Let’s be honest there will be farmers but let’s also be honest those farmers will get a taste of Jupiter and will never leave haha. I received first Jupiter airdrop wasn’t expecting it. But now I’m.never leaving haha. Jupiter has built a superior product so we have to trust that once people enter they won’t leave.

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But does it align with the voters? To go from 1.3 billion to 2 billion in circulating supply sounds worse than the USD in terms of inflation.

Should PPP be based on natural alignment of the involved parties or should it be forced?

Does an awesome, no fee product need an airdrop for marketing?

I don’t believe Jupiter needs to essentially bribe users to use Jupiter products. We use several products each day and none of those are diluting their investors to bribe the users. Why? Because they have a good product and are confident that the market would use em.

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Market is happy to PPP when mutually aligned, but asking investors to pay up product users and farmers for using one of the best products in SOL eco, through dilution shouldn’t work in a free market.

If Jupuary criteria were more (heavily) aligned towards the voters, it would have a better chance of renewal. I might even vote for it myself if that were the case.

2 Likes

This could be one or the most difficult market out there.

Imo an airdrop is fully needed in order to survive.
I don’t want to be pessimistic or under value really good projects like Jupiter

But the probabilities of user engagement based on them

Is clearly higher after Jupuary

And yes, I strong believe that even if you have the best product in the market,
You should understand the essence of this one.

Where money is the #1 resource
Make profits, lost a trade, learn, get rewards for on chain interactions, DAOs…

When I mentioned the #1 resource
Is literally that number.

And I think that by skipping it, it could slowly lead to lost user engagement

3 Likes

Yeah I think currently Jupuary is not C.A.T as there’s too much unknown and speculation for farmers. It created 3 separate groups that fight for their own interest; voters, holders and farmers. Jupuary actually creates a PVP event.

If marketing is the intention, we can explore ideas rather than dilution. Like simply putting an ad on Vegas Sphere for example.

Or if we want trading volumes then create a points system or tournaments or competitions like ape.pro competition for a grand prize.

The element of surprise with the airdrop is already past tbh. Anyone who would qualify with the Jupuary airdrop obviously already heard about JUP and been using Jupiter as its the best product, otherwise they wouldn’t even qualify anyways. So it’s not much of a marketing anymore if they are already a user.

If we want to reward users and get JUP into the paws of believers with Jupuary, then it must be staked. That way everyone becomes one of us. A stakeholder that believe in the vision and push the meta forward. :black_cat: C.A.T

7 Likes

Fully agree with this. It’d be “helpful” to have clarity on the vote what would happen if the Jupuary doesn’t pass.
Because like you said, we have full clarity on what happens if the FOR wins, but no idea what will happen if the AGAINST wins. Does it get burned? Does it go fully to ASR? The lack of clarity might end up “forcing” users to vote for FOR because of the fear of uncertanity.

Love this idea. Auto-stake the airdrop like we see in ASR JUP rewards. If the users decide to insta-unstake and then sell or not its up to them

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Yeah for sure. We also want to incentivise staking as we are a governance token after all

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