I have some ideas for Jupiter’s future.
After all those meaningless logo and funding votes, are we finally going to have votes that genuinely shape Jupiter’s destiny? If so, let’s discuss these:
Current FDV:
Jupiter’s current FDV stands at $7 billion, but this high FDV severely damages Jupiter’s valuation and consequently the community due to massive inflation. Proposal:
Fix the FDV at $5 billion $JUP, thereby preserving Jupiter’s current token value at around $0.5 (equivalent to a $2.5 billion FDV). I’d suggest a 50/50 split between the team and the community. On the community side, we already have 700 million tokens set aside for the canceled 4th Jupuary event. If the team is willing to match this sacrifice, we can collectively bring Jupiter to much greater heights. ASR Reward Reduction:
ASR rewards have dramatically decreased since their inception, falling from an initial 25% to the current quarter’s 10.8%. Moreover, due to the lack of launchpad coins, there’s no additional income stream. Solution:
Increase quarterly rewards from 50 million tokens to 75 million tokens, funding the additional amount through revenue generated by Litterbox. This adjustment ensures ASR rewards become sustainable rather than inflationary.
Adding Fees to Swap API :
It’s become necessary to impose a fee on the swap API because arbitrage bots are exploiting Jupiter for their own gains, harming genuine users’ ability to trade smoothly. Proposal:
Implement a small fee of 0.1% on swaps via the API. This would significantly boost Litterbox revenue and deter arbitrage bots, providing relief to genuine users.
Fixing FDV at a specific number isn’t really possible. FDV is a function of total supply and price—it’s not something that can be manually set like a hard cap.
If the goal is to reduce FDV, that can only happen through token burns. So instead of pushing for Jupuary allocations to be used for ASR (which would just create more inflation), advocating for those tokens to be burned would make more sense.
That said, I do agree on the swap API fee—it’s necessary to curb arbitrage bots. However, a lower fee percentage might be more reasonable.
When I said fix the fdv I mean total jupiter tokens. We have to cut 1 B community and 1 B team again. Doing this would both shake off the dead weight on our coin, which is struggling with high inflation, and result in a small cut to the team’s 280 million allocation, which has been a topic of debate in recent weeks. This way, we would be in a better position.
I personally think thé forth jupuary should be reinstated. What I don’t get is why it was dropped and why jupuary was reduced from 1 billion per round to 700 million. Onboarding new people like in the initial airdrop should have the highest priority in my view. As I mentioned before round three and four should not benefit people from round one and two. Those are already gaining rewards from ASR. To most of us who were active in 2024 the airdrop felt like a huge flop if I am being honest. I think a better way to fund ASR should be focused on rather than taking it from the community funds.
, This controversial shall pass.