Inclusion of Jupiter Token in Jupiter Perps and Rebalancing the JLP Pool Weight Distribution**

Jupiter DAO
1
  • Inclusion of Jupiter Token in Jupiter Perps and Rebalancing the JLP Pool Weight Distribution**

Summary:
This proposal suggests the inclusion of the Jupiter (JUP) token in the Jupiter Perps (perpetual futures) platform and rebalancing the JLP pool composition to include up to 10% Jupiter tokens. This change aims to encourage the community to hold Jupiter tokens indirectly, thereby benefiting the DAO.

Explanation:

  1. Current Situation: The JLP pool currently consists of 50% ETH/BTC/SOL and 50% USDT/USDC. Fees generated by the Jupiter platform are distributed to JLP holders.
  2. Proposed Changes:
  • Adding the Jupiter (JUP) token to the Jupiter Perps platform for perpetual futures trading.
  • Rebalancing the JLP pool composition to include up to 10% Jupiter tokens.
  1. Objective: To ensure that users benefiting from Jupiter’s services indirectly hold Jupiter tokens, thus contributing to the sustainability of the DAO.
  2. Expected Outcomes:
  • Providing JLP holders with an additional source of income.
  • Contributing to the growth and strength of the Jupiter community.
  • Creating a more sustainable ecosystem for the DAO.

Conclusion:
This proposal aims to enhance the value proposition for the community by adding the Jupiter token to the perpetual futures platform and the JLP pool. Implementing these changes is expected to provide community members with additional income opportunities and contribute to the long-term success of the platform and the DAO.

6 Likes
2

I think this is a great proposal。

1 Like
3

It makes sense, doesn’t it? Plus more revenue which is for the better of the project

2 Likes
4

Good idea! Also a good quick read!

2 Likes
5

This is a no brainer IMO. Where would the JUP come from to fund this though?

1 Like
6

I support this idea to change 10% of USDT/USDC with $JUP as from my perspective JUP will do good longterm. The team is strong, the vision is great and the (execution) deliverables just keep coming.

With the introduction of $JUP to the pool you would as well be able to use your $JUP for trading or even get a new trading pair ->$JUP. Hereby you as well indirectly add more demand to $JUP itself. :bulb:

2 Likes