2 Dynamic staking ideas for $JUP: From 1 option to 3

Jupiter DAO
1

Hey Catdets! Posting here two ideas I previously shared on Twitter / X:

___ IDEA #1 ___
option 1: instant unlock → get 90% $JUP (-10% tax goes to community reserve)
option 2: wait 7 days → get 95% $JUP (-5% tax goes to community reserve)
option 3: wait 30 days → get 100% $JUP (no changes)

→ Could boost/maintain reserve for future ASRs!

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___ IDEA #2 ___
option 1: unstake takes 7 days → get 70% of voting power
option 2: unstake takes 15 days → get 85% of voting power
option 3: unstake takes 30 days → get 100% of voting power (no changes)

→ This will give more ASR rewards to long-term believers that choose to lock for 30days.

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AIMS:
→ Give more $JUP to the most die hard Catdets!
→ Allow people who are not comfortable with locking capital for a long period to have more options / flexibility to test the governance process and join the Jupiverse!

Would love to have your opinions on this, I wonder if these could be great new features or would just make the governance process more complicated!
(The numbers both in fees, days and voting power, could be different!)

Find the original post on Twitter / X: https://x.com/b_4906/status/1835706472124018997

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Funding ASR is not really a priority right now, it’s been secured for another 4 quarters from the Jupuary left over tokens… Instant unstake has been discussed at length, it’s not a good idea at all. People should not stake more than they can afford. Meow said if you cant stay locked for a minimum of 30 days don’t even lock it. Hope you understand that if this becomes an option everyone can just lock when a vote starts, than instantly unlock after they vote, and their ASR reward share for that vote would make up for the tax you suggest and more… The system becomes vulnerable to this kind of manipulation, I don’t see the point in that…

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I don’t necessarily agree with the numbers itself in this proposal but generally speaking it is a good idea to have different options. The model could also be linear after the minimum unstaking timer.

In case person decides to unstake faster, the “remaining” JUP would stay in the ASR pool increasing rewards per remaining JUP in the pool. Taking from those who unstake faster giving for those who remain in the ASR pool.

EDIT.

Regarding what @Scarletsynth said, there would need to be a minimum unstaking timer to prevent people from abusing the system. I also agree that this may not be the thing of today or tomorrow but maybe something to consider in the future.

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I like # 2 better. this is a cool deisgn. makes sense. + i love the picture you attached

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same for me he did a good job.

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I agree with you overall, I didn’t thought about the vote manipulation which is not wanted!
But the numbers could be different (not instant but 3 days with -20% tax)
And you didn’t talk about the second idea which is a different concept. Less manipulation but more rewards for long term holders.

Also I agree with you funding ASR is not a necessity right now, but it will be in the future as the supply of JUP is not unlimited. Implementing a mechanism will be necessary to continue the ASRs which we all agree is a huge success!

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Sorry forgot to tag you as a reply earlier.

I didn’t really understand the second graph, is it meant to say if you stake for 7 days only, as a new lock option, you get only 70% voting power during that period? And if you stake for 30 days you get full voting power? And than what? You have to relock every 30 or 7 days? The idea is you lock once, and stay locked to keep voting, until you decide to unlock. Limiting the lock period with an option at start, where you choose how long you want to lock for, doesn’t sound good to me, it’s like you start unlocking as soon as you locked. People that choose 7 days will have 70% of voting power in day 6 and 7. That’s not as good as having your voting power diminish daily, like now, until you reach 0 on the last day, and can withdraw your tokens. With the vote frequency at about 2 weeks or more, we’re back at locking 7days only just to vote, and ready to sell in 7 days after the vote… When new vote starts 2 weeks or more later, repeat, and you vote with 70% power only but still get ASR, while you are mostly unlocked during that month. Last quarter had 4 votes in 3 months. It’s like scalping ASR.

Or is it saying: when you start unlocking, no matter what period your were already locked for, you can choose to unlock in 30 days, or unlock in 7 days, and depending on that you have 100% or less of voting power? During that period? Why choose that, the current diminishing voting power while the timer decreases is much better and more fair… At day 15 you have half of your voting power left, and at day 30 you have 0 voting power but you can claim the JUP tokes in full…

None of these options generate more jup tokens for ASR. I think the current system is really fair, tho it sounds cool to maybe have an option to lock for longer(not shorter), the locks actual duration ONLY limit, is the moment YOU decide to start unlocking. At which point you get less and less voting power during the 30 days in a linear manner, until you don’t have any left, but can claim back the jup. That’s so fair.

If someone wants to try out the platform and governance, use less jup, if you like it, stake more. Why lock 1000 jup for 7 days and get 70% voting power? Just lock 700… Or 100. Or 10…

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I see how it can be confusing, but you’d be choosing the amount of days for the unlock period.
You still lock your token indefinitely but you’re getting only 70% of voting power if the unlock period you chose just takes 7 days.

And you make that choice when you start locking your token.

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It is my view that this approach will introduce gaming the system behaviour.

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For a better PPP Experiment don’t participate in ASR if you’re not committed to lock for 30 days. for more flexibility one jup will always equal to one jup inrespective of the price to $ pricing!

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First of all you everyone should put their head straight about what actions will be done and hereby understand that you are locking it for 30 days for the purpose of voting and showing some commitment.

I would go with a more simplified idea #3

a) Early unstake: Instant and get 30% less of your staked amount.
b) Regular unstake:Start unstaking process → 30 days, get full amount.

The excess ASR obtained by the early unstake will go back to the ASR fund to be distributed among the voters.

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I like the idea of ​​having more unlocking options, but I think other options could be sought. In the end, all of us here are looking for a long-term project and to be united as a community.

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I agree this is a good revision of the original and probably the best one that could be implemented.

I would still not vote for this proposal, unless the early stake was burnt.

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I appreciate that this article tends to help give more options to users especially the first one which gives almost instant withdrawal for a few but I feel that the current model is best. It works and has helped make the voting process highly interactive. For now 30 days unstacking is really realistic so there is no impulse to affect the market.

Thanks for sharing though. It was an amazing break down.

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I do like the sentiment, however this is $JUP fucking DIAMOND HANDS THAT SHIT SON!!! #10%er

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