Instant unstake JUP tokens

Jupiter DAO $JUP
21

A fee for unstaking could fix this. @kill

4 Likes
22

The system utilized by the Lifinity protocol might be beneficial here; you lock your LFNTY for a predetermined period and receive veLFNTY to receive protocol rev share. The locked veLFNTY can be accessed early in the form of xLFNTY, which is tradable and often available at a reasonable discount compared to LFNTY.

I do appreciate that JUP is locked for 30 days; it prevents the immediate sell-off of tokens, haha

3 Likes
23

I’ve wrestled with this idea for a while. Instant unstake does nothing to prevent a massive emotionally driven dump. I like the idea of a taxing the entire stake (I think 1%-5% is more reasonable) - and is burned - but you only receive 25% of your stake instantly.

3 Likes
24

This is a very good point and creative solution too.

4 Likes
25

Exactly, this is a nice strategy that the team could use. User’s should be able to unstake but with a penalty.

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26

This will be greatly appreciated. User’s should be able to unstake theeir tioken anytime but with a penalty to discourage it.

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27

Just as an FYI - partial unstaking is now an option. Good suggestion!

7 Likes
28

Wanted to create a post about this but it already exists regarding instant unstaking but with an early exit fee.

Suppose you need to pay a sudden medical bill and your entire net worth is in staked JUP. Setting the fact aside that this is incredibly stupid, a person in an emergency would probably pay an early exit fee to get their JUP liquid instantly.

The early exit fee needs to be large (20% - 40%) and could be given back as ASR to the JUP stakers.

It’s a good feature to have in the event of some emergency, or if people decide they can put their money better elsewhere, but then the people that stake just get more JUP

4 Likes
29

This should come up for a vote
Personally, i wouldnt mind paying a tax/penalty for instant unstake.
Having that option is good.

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30

This can be a good idea if instant unstaking = loose all your ASR rewards.

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31

Drift for example has I think a 12 Day Unstake, A length X Mulitplier for Rewards would be a great Idea, For example 1mo, 1x rewards, 2mo. 1.2x Rewards, 6mo. 1.8x rewards, With an Instant Unstake possibly VOIDING 50-80% of Currently gained rewards. What do you guys think?

SolanaSultan, Friar Tuck, allme.sol

1 Like
32

I support instant unstake with a penalty.
Say like a set percentage of the unstaked amount, and burnt

3 Likes
33

I really wish instant unstake option is made available with fairly mild modalities

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34

:grinning: or put into ASR pool…

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35

An instant unstake option that burns 10 percent of the amount you unstake would be fair.

1 Like
36

it makes sense to protect the token at the start , but its almost a year and after the second drop we should have an instant stake unstake option

4 Likes
37

I would reshape that a little bit like that - Instant unstake should be ‘‘punished’’ with some sort of a fee which should go to the DAO treasury and then voted in the end of the year what to do with that amount.

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38

Instant unstake means you don’t ever lock your tokens, but when a vote is live you stake for a minute, vote, and than instant unstake. How can people want that lol

4 Likes
39

It was stated by @meow if you’re not committed to lock or stakes your token for 30days don’t participate in ASR program. Simple, it’s actually not compulsory.

6 Likes
40

Exactly, as I mentioned earlier, opting for an instant unstake should result in an immediate loss or refund of ASR. The rules are clear and designed to meet specific objectives. I don’t understand why people want to change them but still expect the same benefits—you can’t have both.

3 Likes