There is still jupuary 3.0 too!
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1 jupuary was halted to keep ASR more active predominatly. as simple as it is.
2 jupuary for growth and community oriented
1 for active DAO and keep engaging
which ASR will end up getting more meat then it is now.
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Iāve watched almost all planetary calls, watched all the jup rallies and participated in the community. Iāve also been in the crypto space for years seeing all sorts of things. I base my decisions for all these things, not for what others are doing. Iām just pointing out that lots of people are not trusting that the jupuary will do them good and they are thus unstaking.
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ASR may start as a āstaking Ponziā, but from talking with new JUPDAO members I find that after a while, they genuinely become interested in proposals and engage fully after a couple weeks. People just need a chance for their thinking and attitudes to evolve. Itās too easy to be cynical. Ultimately, weāre all here because we want to make a different in our lives and the lives of those around us. ASR is important to that and the opportunity cost of locking up crypto for 30d must be offset with decent rewards.
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we can do this 
JUP JUP
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What bigger picture are you referring to @Adminblock?
Whatās the point of sending $JUP to people if it wonāt at least be staked by default? Itās like offering votes in an election for free to people who have no intention on voting. Meanwhile, people who do care have been buying it with their own hard-earned cash.
What sort of behaviour do you think would be most beneficial to the DAO and should be incentivised?
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jup is not limited to voting and has no revenue module in this process, the more eyes the more sustain the project can be.
i can see what ur upto, why do you want someone who doesnt values jups goal, let the jeets go and will stack more on top with a heavy cut, your one on the pathetic side with self interest belief ASR is here for goofy bonus and still demanding on top is lame, force lock will indeed delay those pressure. ik its not upto everyones standards to understand if you see just through your point of view, you need to see from all aspects.
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We shouldnāt be incentivising ābuying the dipā at the start of a bull market. $JUP has been trading below $1 for the majority of its existence despite doing $4bn in daily trading volume (ie. one-third of $JUP market cap).
Bitcoin is at near $100K and Solana at all-time highs. Letās not take these market conditions for grantedā¦
$JUP investors get annoyed seeing their locked $JUP go the opposite way of the rest of the market, regardless of whether they share the JUP ethos or not (most do). Jupiter is the best protocol in the world and the token price should reflect that the same way the price of Solana reflects its popularity now.
All the people who donāt want to talk about token price are already set financially and take a salary. We need to appeal to other $JUP investors and community members with a shorter time horizon.
I donāt think anyone would disapprove of seeing $JUP at $2 tomorrow. Thatās where we want to go ultimately. Saylor says everyone gets BTC āat the price that they deserveā. Thatās not the case with $JUP because for some strange reason, weāre all ok with a mediocre token performance while projects like $BONK are learning from our experimentation and maximising gains for their holders through more ambitious DAO initiatives.
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Again, $JUP is a governance token. Its sole purpose is to give its holders the ability to vote and to decide the direction of the protocol.
Itās not supposed to be a means of speculation. There are people who buy $JUP with their hard-earned money. Those are the people we should be welcoming with open arms. Why would anyone want to buy $JUP if they can just wait for an airdrop each year? The first Jupuary was unexpected. But now that people expect to be diluted, they will stay far away from buying $JUP. That is evident in the tokenās current performance. $JUP is the best protocol in the world ā but its token doesnāt reflect that. I hope you can agree @aped
By the way, ASR is an incentive to keep people interested in governance. The day it stops, no one will give af. I know this because people tell me ā not because I necessarily think that. Iām personally working with a few DAO members on creating value beyond ASR to keep people engaged and hopefully provide more utility for $JUP from a community perspective. Watch this space.
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Think thatās unavoidable both ways. There are a lot of people as well waiting to join the Jup train when they get gifted. Quite a lot including myself got into after 1st Jup. I missed out on it but after following what it was and how much energy it brought to the space, I decided to buy some Jup. I have been here since then and I canāt regret. Just like many of us coming in without being handed bags in the first Jupuary, so too will many other Juppers flog in after this Jup. Jup has so much potential based on real products and top notch ecosystem and itās still young. I just laugh when people donāt see beyond these short term price and token issues. Many crap projects out there still going up price wise with less potential than Jup.
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so you mean if a person was lucky enough for jupuary 1 should prevent anymore jup being circulated just because he made it? and talking of investment the tokenomics was designed before staking coming into existence respecting the privilege given to vote deciding the fate of protocol is to be considered.
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ASR is open to everyone who is able to buy $JUP. Given that the token is just $1.10 right now, thatās a very accessible price point.
Jupuary on the other hand is very exclusive based on some vague, opaque criteria that only the Jupiter team knows and decides upon.
ASR is far more inline with the decentralised meta and transparency ethos that @meow advocates.
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The original Jupuary was earned. No one got āluckyā. Being in Solana prior to Jupuary was one of the worst experiences ever. Many projects abandoned the chain and so many investors got wrecked using leverage which is a product that Jupiter offers.
But things are much brighter these days. We donāt need a $JUP airdrop to save us. Weāre in a position of strength with $SOL setting new ATHs and JUPDAO initiatives should reflect that.
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ASR with 45% is proportionately equal to a tier 1 airdrop if you consider high stake holders and last jupuary, those are indeed insane which is passive and just because a person gets doesnt means should stand against protocol and jup ethos.
and after all you will say he paid for, so what is the point of ASR yield bearing.
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ASR yield is indeed generous, which is why I advocate for it. But $JUP has decoupled from SOL and BTC these past few weeks. And the risk is that yield becoming less and less to the point where people lose faith in protocol governance and governance tokens overall.
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70% quorum is much , if that can be iterated in next proposal
60% is okay
Or leaving it , the way it was before
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The system already favours whales and top stakers as this is a DAO based on token holdings for voting power. Why on earth did we need a 70% target to pass the vote?
Huge mistake in my opinion, especially for something that was already promised repeatedly almost a year ago.
Seems like this is already heading towards the stake ponzi ASR 2.0, and ultimately thatās SOLELY the result of having an arbitrary 70% target, not the majority of votes.
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I think the way it is currently structured is flawed. Team receives/keeps 50% no matter the outcome but at the same time we are fighting over between us members and tearing apart whether we give to more users or not. The current state incentives team and whales to vote ānoā especially with the 70% minimum threshold. I am aware that Meow said he will abstain from voting but why change tokenomics in the first place? Why we should vote on something that was already promised to the community? By the same way why we simply canāt make a proposal to reduce teams rewards?
The whole idea of PPP and āgrow the pieā is unrealistic with current terms. Pie will grow only if the tokens in circulation stop growing therefore it benefits current holders with price appreciation (and vice versa). There is lots of heat rn and imo the best for team will simply to make the Jupuaries without any voting as it was first promised. Everything else to me is a shady practice- and by no means im trying to offend someone or FUD. I simply present the things as I see them and ā¦ itās a DAO after all - we should express our opinions and make best out of them.
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Yup yup (jup jup). The first Jupuary was kind of easy because there were no JUP holders before that. Sure some must have disappointed not getting an allocation (or too small compared to what they think they would), but no existing holders whoād be afraid for their holdings.
I completely understand meow and why he thinks jupuary is something we need. To expand JUP holders and the team also need bigger liquidity for their allocations to be worth what they are supposed to be. If we get rid of jupuary and remove that JUP from total supply, it pretty much means the team has to burn part of their allocation too, or they would hold too much compared to what is in the circulation.
I also agree that in some form itās good to release more JUP to circulation and expand the holder base. I just think it is wrong approach to do it by releasing 700M all at once. That is pretty much like throwing a wet rag to the faces of big holders, at least that is what I personally think (and know some other stakers who think alike). The only way I see this going through (if we vote about it) is to reserve a good chunk of 700M to current holders (stakers), it could be done for example by adding a good portion of that 700M to ASR and thus keep the current stakers staking + also encourage new ones to participate.
I still believe a solution, which satisfies the current holders and gifts the new joiners, can be found and Iām anxiously waiting what the next proposal will look like. 
The difference between me and @meow is that meow canāt exit this bull and he doesnāt even want to. He wants to build it long term and so would I if I was him. But if meow was in my shoes, he would most likely want what I want. What I want is to exit this bull and buy back next bear (if I feel as bullish for the project than I do now).
The message, as I read it, is āWe need 2 more years, which can mean that JUP doesnāt perform the best way possible during this time, because we have to inject 2 x 700M to the marketsā. If it was bear market and Iād be sitting on cash, then please inject as much as you want and Iāll buy back once itās done.
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I highlight this cos you have made a strong argument for this consistently and I will be naive if I say I canāt see where you are coming from with this so this point is fair. The team has always shown willingness to listen and I am sure they read through this and surely will propose something balance that takes into consideration these views.
Itās my strong believe as well that this can be archived. But we also have to consider this decision is made through voting and if majority agree to what is presented, we all have to accept that outcome but I understand people have to make personal decisions to mitigate their risks & rewards.
Admire the honestyššæ
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