Incorporae m3m3 framework into Jup staking

Seeing how the m3m3 staking protocol works, and knowing that many people only stake Jup for the ASRs, it could be beneficial to merge the m3m3 framework into Jup staking. Jup stakers would then receive fees from a dedicated Jup-Sol pool which would serve to bolster the ASRs, and further incentivize staking/voting.

This combined staking protocol of earning LP fees and being able to vote on proposals could then be opened up to other interested DAOs, either for free or as SaaS.

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Interesting proposal @KavernKreature. Are you able to elaborate on how the m3m3 staking protocol works and the way you see it being applied to JUP ASR specifically?

Wondering if stakers get Apy from Jup in the same way other crypto currency’s get lent out. Would be a good way to go about it.

this may be one of the long term uses of jup. may happen post asr and jupuaries which would be dope!

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Yeah good to hear. You can’t have token staking without borrowing and lending.

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A dedicated liquidity pool is created for a jup token pair, like Jup-Sol, and then the fees generated by the trading volume within that liquidity pool would be redistributed to stakers. The m3m3 protocol allows the creator to specify the number of top stakers that receive this distribution; hopefully, this can be set to a very large number to accommodate most stakers/voters.

To set it up initially would require funding the liquidity pool.

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i believe the team would do whats best

How m3m3 works is very interesting. If more people would like to learn how $M3M3 implemented game theory here is an article I wrote for CMC :heart:

This concept is not new and has been implemented by multiple DAOs, the most popular Olympus DAO, Long story short, it works until it doesn´t work.

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Please describe in greater detail how the Olympus DAO used the concept of rewarding staked voters with trading fees.

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