Why Holding $JUP, $JLP, and $JUPSOL Should Be Part of Jupuary Criteria

As Jupuary approaches and the possibility of a token snapshot in November looms (see attached pic from discord ), it’s essential that the criteria for eligibility in the airdrop properly reflect the loyalty and commitment of Jupiter’s most dedicated users. (Us lol) :rofl:

This isn’t just about rewarding those who hold $JUP, $JLP, and $JUPSOL in their wallets—it’s about recognising the full breadth of support for the ecosystem, including tokens held in decentralised finance platforms like Meteora and Kamino Finance.

Presuming holding $JLP, $JUPSOL and $JUP is considered as a part of airdrop criteria. Lets discuss what is meant by “held” - i.e. not just in snapshotted wallet.

Here’s why it’s crucial that $JUP, $JLP, and $JUPSOL held in these platforms are counted as “held” for Jupuary purposes.

1. Recognizing True Loyalty:

Holding tokens within vaults or liquidity pools is no less a sign of commitment than holding them directly in a wallet.
Those using platforms like Meteora and Kamino Financial are still firmly committed to Jupiter—they haven’t sold their tokens, but are instead optimising their holdings to support the ecosystem through DeFi strategies.
These holders should not be penalizsed simply because their tokens aren’t sitting in their normal day trading/ regular wallet.

For example:

2. Meteora (Jupiter’s Sister Company):

Meteora, as Jupiter’s sister company, offers users the ability to deposit $JUPSOL, $JUP, and $JLP into its vaults, Dynamic Liquidity Market Maker (DLMM), and liquidity pools ect… These vaults and pools help stabilise the ecosystem, increase liquidity, and contribute to the overall growth of the platform.
While the tokens may not be in the user’s official wallet, they are still being held in the truest sense and should be counted in the Jupuary snapshot. This should be considered by the team when undertaking the snapshot.

If the Jupuary snapshot were to disregard tokens held in these platforms, it would unfairly disadvantage users who are providing essential liquidity and engaging with advanced DeFi tools—users who are, in fact, more committed to the project than passive holders.

3. Kamino Finance:

Similarly, Kamino Finance offers innovative DeFi tools where $JUPSOL, $JUP, and $JLP can be deposited into multiple liquidity pools, borrow and supply functions, and other DeFi instruments.
Just like with Meteora, these tokens should also be considered “held” when determining Jupuary eligibility.
The tokens are still in use to support the ecosystem, even if they’re not visible in a traditional wallet.

By including these holdings in the snapshot, Jupuary will more accurately reflect the contributions of those who are actively working to strengthen Jupiter through liquidity provision and decentralized finance.

4. Creating a Fair and Inclusive Jupuary:

If the snapshot for the Jupuary airdrop focuses only on tokens held in personal wallets, it risks alienating some of Jupiter’s most valuable community members—those who use platforms like Meteora and Kamino Finance to enhance the project’s liquidity and stability. T
hese platforms are essential to Jupiter’s growth, and the users who engage with them should be rewarded, not overlooked. However, in away they are both Jupiters Homies

By including $JUP, $JLP, and $JUPSOL held in vaults, DLMMs, and liquidity pools in the Jupuary snapshot, we can ensure that the airdrop reflects the full scope of support for Jupiter’s ecosystem.
I think this method recognises the real value of all our supporters. Bc lets be honest, who just lets these tokens “sit” in their wallet?

I would love if someone from the team acknowledged this. (No need to confirm that this will be apart of criteria, lets talk theoretically @0xSoju @meow).

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If at the end HODL-ing $JUP, $JLP and $JUPSOL will be considered as a part for Jupuary airdrop, which i think it won’t, then Meteora and Kamino should definetly be looked at. I as well have almost all my HODL-ing funds in $JUPSOL and parked in Kamino, and i did that just for the following reason:

  1. Support the JUP ecosystem and its validator
  2. Steadily increase the portfolio with a nice APY

Thank you for your thoughts and points, they are definitely to take into consideration. :nerd_face:

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I think its the fairest way imo! but who knows what will happen. It may be something like a 100 jup bonus.

But as we keep saying with the airdrop, nothing is promise.

Expect noting apprecaite everything !

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Staking jup>>>>holding jup

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From here.
If these will serve as criteria
It should not be part of Based criteria
Just multiplier.

If we talking about JUPUARY base criteria to be considered we have lot of them
But all can’t be used
If all can’t be used as **based criteria ** some of them may be used as multiplier.

To align with goal of JUPUARY- to onboard new users to Jupiter and solana(at large) and to gift existing users

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Yes
Been bonus - it is multiplier

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I like the points you’ve presented here. I agree :+1:

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i completely agree with you but you dont have to worry, when you delegate your JUP, JUPSOL, JLP etc to Meteora or Kamino or to an other service, this service is creating a connection to the owner.

When the Jupiter Team is going to get a snapshot, they will also take a snapshot of the Meteora and Kamino wallets and there is the possibility that they check who the owner is. Other projects have done that too and i am quite confident, that the Jupiter team will do the same.

Greetings

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This is a nice idea but shouldn’t be part of based criteria, I know Jupiter team will never disappoint daos, real users and users. It may serve as bonus criteria for integrating jupiter validators, supporting meteora and kamino users like thanks job well-done. I hope in the future meteora can as well rewards real users who uses meteora route while using Jupiter Aggregator… Jupiter team are experienced Team they know people want and I can vouched on their integrity.
All the best to every real Jupiter users.
J4J

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This is nice. I hope swap volumes and other features’ volumes are still part of the criteria because those are the main features of jupiter which users utilize everyday.

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Staking, not just holding… It’s the key indicator of whether one is beliving in the project or not ( 1month of unstaking) . While holding jup shows a lot of interest, it doesn’t really contribute actively to the dao. Staking plays a vital role in the DAO what does holding jup do tho?

thats why staking should be encouraged and rewarded on the next jupuaries more and more people would start staking their whole airdrop allocations.

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Don’t think any suggestions here are bad. The question is just how far reaching those deciding these qualifying criteria want it to be. Either way, there will be some unhappy people & vice versa. My hope is that at least they don’t miss considering obvious factors like these and more.

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I think everything regarding 'jup research" should actually be reaching them. I hope but only team knows how they we move. I felt product uses matter and daos members,
regarding criteria but the main action is will jupnuary vote pass. Seems they are aware of every information going on here.

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I feel the base criteria should consist of 10-15 different elements.

They need to be weighted differently ofc

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Yes exactly! That’s what I’m hoping for. I think other proj have done it before

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“Define base criteria”

Bc the way I look at it is this:

Multiple factors influence it
Some more than other
Large amount of considerations to be made

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I’m sure they will, just not purely the metric like last time . :slight_smile:

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Well you can’t stake JLP or JUPSOL so that’s the point I’m making.

Either way if someone doesn’t stake their $JUP, they still ain’t selling (which is great).

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Yeah for sure.
Exciting decisions ahead.

I’d be very pleased if the team decided on their own accord

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Yeah they read it here ! That’s factual .

In fact the recommend people make their proposals through here which is a great thing!

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