Agree that a minimum vote should be introduced. I think 50 is too high, only because after looking at the numbers half of all JUP stakers have less than 10 JUP.
Given crypto was introduced as a product to help the unbanked and those who come from incredibly poor jurisdictions across the world you could be removing a lot of honest voters who deserve an allocation.
I think for the next ASR the cut off should be analysed closer to the vote but should try to include as many real users as possible. Median JUP stake is around 4 which is very low due to lots of voters trying to sybil.
This take is counter intuitive to myself as I hold and stake tens of thousands of JUP but I have onboarded many individuals in the community that have only been able to stake small amounts (larger than 10) of JUP so that they can participate in the vote.
Great methodology regardless! Thanks
@sodiqolufemi the claim link is the one @The_Lacrymator gave above, in general I advise you to go to the post from @lochie2001 below and bookmark it (there is a function on bottom of post to bookmark it in the forums here)
We’re also considering introducing a minimum of 50 JUP to receive ASR rewards.
Why so low? Why not incentivize holding a bigger allocation. I understand wanting to be democratic but at current market prices that is $50. Why not encourage stakers to get ‘a bit more skin in the game’ with something like 100 or 250?
Sure we want to encourage folks in all places in the world (with varying earning ability) to participate in governance but if they are in crypto and here, I don’t think a larger cutoff is unreasonable.
I did see those breakdowns earlier, but thanks for sharing regardless.
I understand the logic of the threshold… just not the reason for 50 JUP (and not something a little higher) as the cutoff. Why is it 50 and not 100 (or something else a bit higher)? Especially if the goal is to “ensure that more JUP goes to the hands of active and dedicated cadets.”
I’ve been trying to claim my ASR within the 30-day period, but I keep getting an error message every time I try. Has anyone else experienced this issue? Any advice on how to resolve it would be greatly appreciated.
