Thank you for the suggestion, as an alternative to my proposal.
1. As a community we can’t just allocate 47X more to a certain feature (like Swap or Limit) in the hope that it has been abused less. We have to use data and use effective deduplication and anti-Sybil, using a blockchain analysis tool.
2. There’s no knowing if the percentage of farmers is lower among DCA & Limit compared to swap. Likely not as we’ve seen from the YouTube video’s people have also been farming those.
3. Most of the gaming with swap volume is already being filtered out with the $100 minimum volume which filters out 73% of wallets (11,361,557).
4. Further gaming will be filtered out with blockchain analysis performing deduplication and anti-Sybil. There is therefore no need for arbitrary filtering.
5. The tiers in my proposal indicate 2.3 Million users (2,302,243) of Jupiter with $1,000+ volume. This is very realistic considering that JUP alone already has 800,000 holders already, and not yet everyone using Jupiter holds JUP. Nearly everyone on Solana uses Jupiter and the Solana user base has grown like crazy into the many millions since 1 year ago, especially during the memecoin bullruns of late 2023 and around April 2024 with more memecoins exploding every month.
As per the YouTube influencers teaching people to use DCA and Limit orders we can’t trust that these features have been less gamed as DCA, and we can’t give them a disproportionate airdrop allocation.
YouTuber Example 1: Jupiter Airdrop Season 2 - FULL TUTORIAL GUIDE
YouTuber Example 2: Claim Airdrop + JUPITER Airdrop Season 2 - DO THIS NOW
YouTuber Example 3: THE NEXT JUPITER AIRDROP WILL BE BIGGER THAN THE LAST!!
What would be reasonable is to include the DCA volume ($5.7B) and Limit order volume ($1.7B) on top of the swap volume ($340M) and count it all equal and use the volume tiers, or at the add a multiplier for the volume of for example 1.5X or 2X.
Perpetual volume
Perpetual volume probably deserves more attention in my current proposal, but your proposal has perps equal to swaps which is also out of balance (although much less out of balance than the DCA / Limit story). Perps is around 4X out of balance vs DCA and limit which are 47X out of balance, considering the volume.
Perpetual volume is $129.7B which includes a lot of leverage (up to 100X). Swap volume on the other hand is around 3X more at $340B - but without the leverage. So I will actually increase the allocation for perps volume in my proposal up to max 1/3rd of swap volume, because that’s what it deserves according to the data.
For example when the swap allocation = 450M then perps = 150M max.
FYI You can make $10,000 in volume with $50 collateral on Jupiter perps ($50 buy/open + $50 sell/close x 100X leverage = $10,000. The fee would be around $10 for doing that, so the cost of doing the volume is quite similar to the cost of swaps.