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)
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).