Use Unclaimed Jupuary Tokens to Fund the Next 4 Quarters of ASR

I think what he wants to say is that is with the 45 days we’d be going a little bit the (3;3) and TIA path which didn’t end up well. Hope I am wrong though

3 Likes

Your proposal to reallocate the unclaimed 220 million $JUP for Active Staking Rewards (ASR) has several strategic merits. some of the key points in your statement:

  1. Efficient Use of Unclaimed Tokens: Reallocating 220 million unclaimed $JUP ensures that valuable resources are not left idle. Using them for ASR helps boost engagement and encourages more participants to actively contribute to the Jupiter DAO.
  2. Quarterly Distribution: Splitting the unclaimed tokens over four quarters creates consistent and predictable rewards. This will enhance trust in the ASR system, giving stakeholders more confidence in staking $JUP long-term.
  3. Increased Un-staking Period: Extending the un-staking period to 45 days balances the additional rewards by slowing down token liquidation. It also supports stronger long-term commitment, which will stabilize the staking ecosystem.
  4. Incentivizing Governance: Tying higher rewards to governance participation not only increases the value of $JUP as a governance token but also aligns incentives for decentralization. More users will likely stake and vote, strengthening the DAO’s decision-making process.
  5. Positive Tokenomics: By keeping a significant amount of $JUP staked, this proposal should reduce the available supply on the open market. Over time, this could create upward price pressure, reinforcing $JUP’s value and role within the ecosystem.

Your proposal effectively enhances the utility of unclaimed tokens, strengthens governance participation, and fosters a more robust staking culture—leading to sustainable long-term benefits for the entire Jupiter community.

2 Likes

Thank you bro. A lot of the feedback im getting is not doing 45 days unstaking. However, whilst yes it places greater burden on JUP holders, i think we should bite the bullet for the 55m ( 5m surplus) in jup in ASR. 15 days is nothing in crypto. and if we are gonna be 50 % team and 50 % community, the higher contribution needs to balance with the team goals.

4 Likes

Yea I get the reasoning but will 15 days really be a deterring factor if someone wants to sell. It would essentially just cause increased sell pressure 15 days after correct? I guess I’m just trying to understand how to extra 15 days will help defeat this?

4 Likes

Great points, but how are the team going to separate the ASR tokens with 45 day staking period vs the regularly staked coins?

1 Like

I think by making the next ASR bigger.

Anyone involved in next asr has 45 day lock.

2 Likes

Most of the community honestly uses the DEX functionality (Swap Limit DCA…), and at the end of the second round it would be fair to reward these users. Because Jupiter is primarily positioned as a DEX. In addition, people pay a commission for using this functionality.

Otherwise, it turns out that the generous reward in January 2024 was solely to attract attention to the project.

And if those who use Swap Limit are not ignored, then I would like to see a more flexible volume accounting system.

This refers to the large gap between the second level with a volume of 20,000 JUP and the first level of 100,000 JUP.

It would be excellent to have a volume level of 200,000, 300,000, 500,000…

Thanks to the team for paying attention to any opinion. This makes you unique.

2 Likes

This is false.

Jup take ZERO fees from swaps.

The only fee you pay is the blockchain gas fee.

Jup want their fees through perps ect

5 Likes

Thank you for sharing the feedback. While I understand that it does place a greater burden on $JUP holders, I believe we should move forward with the proposed 55 million (including the 5 million surplus) allocation for ASR. In the context of crypto, 15 days is relatively short, and this minor time extension can help balance the higher contributions needed.

As we aim for 50/50 balance between the team and the community, it’s essential to align these contributions with the team’s broader goals, ensuring long-term sustainability and growth for the project.

2 Likes

chat gpt? lol hahaha

2 Likes

That’s right. @meow fired out a few tweets recently to clarify this point & also did so during one of the p calls if I am not mistaken. Use of Jup DEX is free and you only get charged by 3 parties you interact with not Jup DEX itself.

3 Likes

Agree completely!

Wish I had read this post first before the latest one Proposal: Utilize Excess Jupuary Tokens for ASR [DRAFT]

I had the same thought about additional vesting for these tokens.

2 Likes

Nope bro, I’ve integrated my own thoughts with AI and it has reframed the contents in a more refined way…

1 Like

Thank you. Now I am informed :pray: :writing_hand:

1 Like

i think propose this thing to fund ASR over a next year is better for us to keep engaging with Jupiverse

1 Like

That’s what they always say I hope it could be easier done than said

2 Likes

couldn’t have been better illustrated.
PS. dont increase unstaking period.

2 Likes

Good work
Vote now in progress
Less than 2 days to go
Vote to enjoy a full year of ASR

3 Likes