Dear All,
Thanks for all the efforts here in JUPresearch, this is the first Topic i post, i posted this yesterday in a reply to another proposal (Also was the first reply for me and i wasn’t aware of the JUPresearch structure). I posted this on X under the Jupiverse Community but it didn’t get much attention
About the Staking, i have been thinking about it and i think we can consider more/new tiers to really create $JUP staking program that incentivizes long-term loyal believers / aligned Cats.
I am thinking of the need to introduce different $JUP staking lockup tiers with different setup. This will encourage and show Cats Alignment/Participation/Support to Jupiverse, and promote ecosystem growth.
My proposal (Just to represent the idea and of course with $JUP community it will go through validation and iterations until it becomes a perfect proposal):
- Default Staking: Lock-Up Period: 7 days - Rewards: 0.25x Multiplier for ASR - Instant Unstake Penalty: 20%
Incentivized Staking Tiers/Pools
- Bronze Tier: Lock-Up Period: 30 days - Rewards: 1x Multiplier for ASR - Instant Unstake Penalty: 15%
- Silver Tier: Lock-Up Period: 60 days - Rewards: 2x Multiplier for ASR - Unstake Penalty (Only possible for staking days >= 45 days): 10%
- Gold Tier: Lock-Up Period: 90 days - Rewards: 3x Multiplier for ASR - Unstake Penalty (Only possible for staking days >= 75 days): 5%
- Platinum Tier: Lock-Up Period: 120 days - Rewards: 4x Multiplier for ASR - Unstake Penalty (Only possible for staking days >= 105 days): 2.5%
When your are in an Incentivized Staking Tier/Pool, when the lock-up period is over, you can have the option to renew within the same Tier or change to the Default Staking (0.25x ASR Multiplier) or any of the Incentivized Staking Pools.
→ It can also be all preset settings when you commit to a poll (Automatically executed actions on the end of the lock-up period), keep $JUP in the same pool, or withdraw to a wallet and decide later, or even go to the default pool.
As for ASR rewards/claiming, you can also have the chance to:
1- Withdraw to your wallet.
2- Stake directly in the Default Staking Pool (0.25x ASR Multiplier).
3- Stake directly in the current Incentivized Staking Pool (Compounding).
4- Stake directly in a different Incentivized Staking Pool (Set different Unlocking flexibility according to your strategy).
There should be a dashboard built to show all the metrics for $JUP stakers, showing insights about:
- Incentivized Pool/s you are in.
- Lock-up countdown counter per pool.
- How many days left in case of the need to Unstake per pool.
- If possible estimated ASR %APY (or expected no# of $JUP) according to the current state of votes/voting power/ASR multiplier.
- Anything else that can be helpful or for sake for transparency.
Note: It is better for the start to be after distribution of the pending ASR and start a whole new round with the new Staking proposal/model.
I think i presented above a good start for further discussion if this is something the community is willing to explore.