The tokenomics of JUP are quite clear with 10 Billion total supply of which only 1.35B are in circulation. It has also been clear from the start that 40% or 4B would be brought into circulation through 4 rounds (years) of airdrops every Jupuary.
Most of the 10B still has to come into circulation, and should be well distributed to the 3.9 Million Jupiter users with over $100+ in trading volume.
Everyone knows that the total supply of JUP is 10 Billion and in my opinion the new JUP coming into circulation are already priced in and considered as part of the FDV of ~ $10B.
In regards to the DAO staking and voting, isn’t there already 215 Million left over tokens from the round 1 airdrop assigned to reward the owners of the only 439,433,794 (439.4 Million) total staked JUP?
That is nearly 50% staking reward relative to the current amount staked. Even with further dilution that’s much more than staking rewards of an industry average like for example Solana staking of around 10%.
I did later include an additional ‘New Feature User’ allocation of 70 Million JUP for ‘‘any user who traded JUP, JLP, JupSOL and/or who used new Jupiter features like DCA, Perps, DAO Staking/Voting.’’ and this could be even made higher if they team would like, taking away a few millions from other allocations below - but it seems to me that JUP stakers are already royally rewarded.
I do however understand that you have personal benefit in JUP stakers receiving a larger allocation, and might not like the idea personally - but let’s try to consider the broader community of the 3.9 Million+ users who also have been showing their loyalty and support towards Jupiter and JUP.
Final Airdrop Distribution Proposal
The new JUP Airdrop Distribution Proposal for round 2, including the implemented feedback from community members in the comments, looks like this:
- $10M+ tier: 40M JUP / 4,422 users = 9,045 JUP per user
- $1M - $10M tier: 100M JUP / 31,920 users = 3,133 JUP per user
- $100K - $1M tier: 140M JUP / 182,332 users = 767 JUP per user
- $10K - $100K tier: 105M JUP / 664,448 users = 158 JUP per user
- $1K - $10K tier: 105M JUP / 1,419,121 users = 74 JUP per user
- All $100+ users¹: 70M JUP / 3,885,443 users = 18 JUP per user
- Community contributors: 70M JUP = distributed at teams discretion
- New Feature Users²: 70M JUP: / est. 1,000,000 users³ = ~ 70 JUP per user
Total: 40M + 100M + 140M + 105M + 105M + 70M + 70M + 70M = 700M JUP ⁴.