Thank you for your contribution to this debate @Crypto_Minion.
Do you think an extra 70 Million (10% of the airdrop) allocation towards the DAO / JUP Stakers (relative to the amount staked) would be fair and would be well received by large JUP stakers like yourself and @miuq?
70,000,000 on 439,433,794 staked JUP would equal a 15.9% bonus for the year. That would mean one would get 0.159 JUP for every 1 JUP held or 159 JUP for every 1000 JUP held. A whale holding a million JUP would hence get 159,000 JUP in airdropped ($162,180.00 at $1,02 per JUP).
That is, in addition to the 215 Million unclaimed JUP from the last round which has been allocated to JUP stakers, and in addition to the general 70 Million New Feature Users allocation already included in my current proposal.
When removing 40M JUP from the $100K - $1M tier, and removing 30M JUP from the $1M - $10M tier, an additional 70 Million JUP would be freed up to reward the DAO / JUP stakers.
The proposal would then look like this:
Non-Trading Based Community Allocations:
- DAO / JUP Stakers: 70M JUP / 439,582,771 Staked JUP = 0.159 JUP per 1 staked JUP (159 JUP per 1,000 Staked JUP)
- Community contributors: 70M JUP = distributed at teams discretion (eg. Discord, Workgroups, Forums etc. based on submissions like last round).
- New Feature Users²: 70M JUP: / est. 1,000,000 users³ = ~ 70 JUP per user (Any user who traded JUP, JLP, JupSOL and/or who used new Jupiter features like DCA, Perps, DAO Staking/Voting.)
Adjusted Volume-Based allocations (after deduplication to exclude farmers):
- $10M+ tier: 40M JUP / 4,422 users = 9,045 JUP per user
- $1M - $10M tier: 70M JUP / 31,920 users = 2,193 JUP per user
- $100K - $1M tier: 100M JUP / 182,332 users = 548 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
Total: 70M + 70M +70M +40M + 70M + 100M + 105M + 105M + 70M = 700M JUP ⁴.
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¹ $100 minimum volume requirement used to reduce the general user base from ~ 15.25 Million wallets to ~ 3.9 Million users. This effectively weeds out around ~ 11.3 Million low quality spam users / bots and airdrop farmers.
² Any user who traded JUP, JLP, JupSOL and/or who used new Jupiter features like DCA, Perps, DAO Staking/Voting.
³ The exact amount of ‘New Feature Users’ is unknown, but considering at least 800,000 JUP holders and over 600,000 JUP DAO stakers / voters, we estimate it to be at least 1 Million users.
⁴ The total airdrop allocation would have been 1 Billion instead of 700 Million, but a disputed vote for a 30% JUP token supply burn was passed with a slight majority. This burn significantly reduces the community distribution by 300 Million JUP, resulting in a bit less JUP for everyone.
100% agree to this. That’s why from the beginning I have stated ‘‘adjusted volume-based allocations’’ meaning after deduplication. Also setting a $100 lower limit for any inclusion would help a lot, as I previously stated:
‘’ $100 minimum volume requirement, used to reduce the general user base from ~ 15.25 Million wallets to ~ 3.9 Million users. This effectively weeds out around ~ 11.3 Million low quality spam users / bots and airdrop farmers.‘’
Meow has also made it clear that deduplication has to be part of Jupuary round 2 when he wrote in grow the pie #1: