Final Proposal
After implementing feedback and discussion from 300+ comments and 10+ similar topics I have made a final proposal. The proposal splits the 700M in two equal parts of 50% / 50%.
Regular trading volume without leverage makes up 71.5% of Jupiter trading volume and 78% - 86.7%+ of the user count (353,468 JUP stakers with 50+ JUP vs 2,302,243 traders with $1,000.00+ volume). It would be fair to allocate at least 50% to these 87.7% $1,000.00+ users.
The other 50% (350M) is allocated to JUP Stakers, leveraged trading (perps), community contributors, New Features users and JLP holders. Below you can see how this plays out.
All Non-Leveraged Trading Volume (all except perps)
Below allocations per tier are 19X - 64X times less than in the Jupuary airdrop round #1!
350M JUP (50% of Jupuary) | 5 Adjusted Tiers of all Non-Leveraged Trading Volume¹:
- $10M+ tier²: 30M JUP / 4,422 users = 6,784 JUP per user
- $1M - $10M tier: 50M JUP / 31,920 users = 1,566 JUP per user
- $100K - $1M tier: 90M JUP / 182,332 users = 493 JUP per user
- $10K - $100K tier: 90M JUP / 664,448 users = 135 JUP per user
- $1K - $10K tier: 90M JUP / 1,419,121 users = 63 JUP per user
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- $0 - $1,000 wallets: No Allocation³ / ~ 13,197,757 users = 0 JUP
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¹ This category includes all trading volume from Swaps, DCA’s and Limit orders. Regular swap trades still represent ~ 71.5% ($344B) of all $481.5B volume on Jupiter, with Jupiter perps making up the remaining 27% of volume ($130B) and DCA & Limit only 1.5% (7.5B). The tier users have to still be added by the team; it represents a small portion of 1.5% with no big impact.
² A new $10M+ tier is added to reflect the 9.5X volume growth of Jupiter in 1 year. The new tier properly rewards the top power users like traders, whales and KOL’s.
³ $1,000.00 minimum volume requirement used to reduce the general user base from ~ 15.5 Million wallets to just ~ 2.3 Million users. This effectively weeds out around ~ 13.2 Million low quality spam users / bots and airdrop farmers. No allocation for wallets with < $1,000.00 volume. Further solid deduplication & anti-Sybil also need to be performed with blockchain tools.
Stakers, Perps, Community, New Features & JLP
Below Allocations are all new and are now just being introduced for the first time in Jupuary.
350M JUP (50%) | JUP Stakers, Perps, Community, New Tokens and Features & JLP
- DAO / Stakers¹: 110M JUP for 440M Staked JUP = 250 JUP per 1,000 JUP Staked
- Community contributors²: 50M JUP / ~ 156,198 members = ~ 320 JUP on average
- New Token & Feature Users³ bonus: 50M JUP: / est. 1M users = ~ 50 JUP on average
- JLP Holders⁴ bonus: 20M JUP / 235M JLP x 1000 = 85 JUP per 1000 JLP
- Perpetual Traders⁵: 120M JUP / 129.7B = **~ 925 JUP per $1M perp volume (still has to be properly tiered⁶ among the 234,576 traders, once this data is coded into a new script)
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¹ 0.25 JUP per 1 staked JUP / 25% bonus on top of staked JUP. This is actually to be rewarded linearly on the total voted amount, considering consistency and contribution.
² eg. Discord, Workgroups, Forums, POAP, Promotors etc. based on level of contribution; manual review by the team as before
³ Any user who traded JUP, JLP, JupSOL or WEN and/or who used new Jupiter niche features like DCA, DVA, Ape. Volume based distribution, specifics up to the team.
⁴ If possible using the average of different snapshots of round 2.
⁵ Average Jupiter perps trader did $553K trading volume (129,7B / 234,576 users). Average per trader = 120M JUP / 129.7B total volume = ~ 925 JUP per $1M perp volume (average)
⁶ Must be properly tiered, but we didn’t yet make a script to identity the appropriate tiers and the users per tier. Since the average trading volume per user for Perps of $553K is 25X larger vs Swap at $22K, the tiering will likely also be 25X larger as swap (pending final data).