A friend just wanted to know that there is no conflict of interest you leading the conversations regarding jupuary.
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I strongly agree with your point about linear distribution to JUP Stakers (as well as to JLP holders, and possibly perpetual traders due to the high fees). The thing I disagree with is the need or entitlement for more than 10% allocation.
I wouldnât mind if the team thinks 15% or 20% is fair (resulting in up to 31.8% bonus or 318 JUP per 1000 JUP held) but I just donât see the need, and the priority it should have over millions of regular Jupiter users. Rewarding JUP holders isnât the main point of Jupuary, but distributing JUP to Jupiter users.
If you hold for example 100,000 JUP out of 1,350,000,000 JUP (1.35B) and 700,000,000 JUP (700M) are added to the circulating supply making the total 2,050,000,000 (2.05B) - your stake goes from 0.0074% to 0,0049 which is a 34% decrease, not a 50% decrease as youâve stated.
Thatâs ridiculous. JUP total supply is 10 Billion and everyone who ever bought or received JUP knew that 8.65 Billion would still come into circulation.
Being a big staker with already 45%+ APY doesnât entitle you to any airdrop. The 70M as per my proposal already gives 15.9% extra which is generous. With up to 140M allocation the team could for example stretch this to 31.8%.
Your percentage of the total JUP supply of 10 Billion doesnât change, but the circulating supply of JUP will continue to increase and itâs simply part of the tokenomics wether you like it or not. JUP is intended to be a well distributed and decentralised community token, and itâs not only about the will of the whales.
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He would still need 50% extra JUP to compensate the 34% decrease.
Regarding ASR - Roughly 30% of the circulating supply is staked. Roughly 80% of staked JUP are voting. ASR remains 50M per quarter with or without jupuary. Supply increases roughly 50% which means ASR dropping to 8% per quarter. Add the trend where ASR been decreasing from 22% to 14% the past 2 quarters and weâll prolly see 4-6% for Q1. That would be 25% a year in case the ASR ROI downtrend doesnât continue, which we canât predict with decent certainty. Actually it doesnât even matter because it would be a financial suicide to rountrip your altcoin bags anyway.
You are fun to debate with but I have to go sleep now. Have a great day mr @JUPWhale and @BTC
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Good point lol, youâre right! Still the entitlement and underlying argument of the need for such âinflation compensationâ is entirely off point for Jupuary 
Good night bro!
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In my point of view with few minor changes will be his proposal really fair for everyone. I donât see any personal benefits.
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This is inaccurate, the perps were almost unusable at the start, i lost significate $$ by using juperps over other cex/dexs at the time but I used it regardless to support the ecosystem. I hasten to add that i did not do this for an allocation however it seems appropriate that these user get some form of allocation given the risks/costs of using the feature originally.
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Fair point made, and itâs clear that youâve used perps a lot (so have I) but remember that Jupuary is not about deserving anything or about compensation for the top 1% - 4% users.
Jupuary is mainly about a growth oriented and inclusive distribution to all Jupiter users to provide greater decentralisation for JUP, engage users deeper into the Jupiverse and create hype and (social)media attention towards Jupiter to onboard the next 15 Million users.
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Surely this perfectly aligns with rewarding users of the newer functions intrergrated this past year, to further engage users deeper into the jupiverse allocating decent parts of the JUP airdrop to new features will act as a flywheel for users to engage with those new products, i feel like my point is going over your head
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yeah agreed they paid for their own money, but ASR will contribute almost more than 50% ROI of what they staked including this financial year which was allocated 215m unclaimed jup, anyway i think the team knows far more better and will do whatever make the decision fit best in, kudos.
(P.S- im a staker too but maybe not at the top of the list nor too low)
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- You need 50% to keep the same allocation is my point. It is 34% decrease but Iâm talking about my allocation in JUP.
- The APY from ASR requires you to hold the tokens for months, bull market could end today and JUP goes to $0.1, this is the risk we take on for that gain.
- If users of the platform are good at trading they take on no risk from doing volume, LO, DCA, perps. With your suggestion, this means users can farm JUP without risk and then make more money than stakers, this is unfair to us who take on risk, higher risk means higher pay.
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Same experience, also a part of that platform that is a huge revenue generator. Seems a more attractive niche to allocate into than DCA and limit orders as its a more meaningful part of the platform and less gameable due to the high fees.
The high fees of which are also a natural sybil buster and incentivize organic use to generate profit.
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Laughable point to make and the reality is if Jupuary 1 hadnât occured, thereâd be far less users and probably even broadly less activity in the ecosystem to begin with.
Its a huge boon for Jup, and a huge boon for Solana ecosystem in general.
Again, just sounds like you want ASR rewards 2.0 with another name and to cash a fat paycheck, at which point your incentive is probably to get out anyway once youâve milked the cow.
Hard to come to any other conclusion when the ENTIRE argument is to ignore users, and reward stakers. Said it before but look at Scroll, when you reward 50 top whales and ignore 99.99% of users, its horrible publicity for community sentiment.
Not that youâd care about community sentiment though after a 20-40% instant APR in a single day of which you could sell immediately though?
Thereâs clearly a balance to be had here.
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If you think there is a meaningful risk to holding Jupiter such that you think we are in a âbull marketâ now (we arenât) and if it ended it could lose 90% of its value, then maybe you donât sound like the type of person who should be holding it to begin with. I donât believe for a second that you actually believe this and still hold it anyway.
How much APR do you need to satisfy the risk issues? Already getting 40% with ASR, you need another 40%? Maybe 60% for a casual 100% APR?
All very silly claims.
But if you want to vote for shitting on the entirety of the userbase for a short term cash grab (which it sounds like youâll be dumping as youâre so incredibly worried about it dropping 90% apparently) then donât be surprised when the users move elsewhere.
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Hi JeanLucBB0, allocating 220mil of 700mil to staking is not âshitting on the userbaseâ. There is meaningful risk to holding most assets and you have to believe in JUP to stake it with a 30 day lock, which I have.
This is obviously hard for you to understand as a sybil - as stated by yourself on twitter.
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There we go⌠lmao. It was pretty obvious but now itâs clear for everyone. 
I propose that people who publicly announce being sybils should be excluded from Jupuary for trying to abuse the system.
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âYou come across with such a high ego, acting like you have the ultimate truth while throwing around numbers and statements, many of which donât make any sense.â
This is literally you though? 
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Im also staking 100k in Jup Sol, Iâve spent thousands with large positions on perps, I hold JLP and 10k+ Jupiter.
Iâm also not going to sell any of that Jupiter or JupSol for potentially years, unless Solana itself did a 5x or more.
I did as much with ZK sync, got a huge allocation but the vast majority of that I kept in their ecosystem, delegated and I will consistently support them as a community advocate going forward.
Same with L0, I farmed and continue to farm, but I will also consistently use them over alternatives going forward because I believe they did the right thing by the community, and I will advocate for them as such.
Iâve said as much before, I will continue to use the platform as home base and advocate for it on Sol if it rewards users, if it becomes a second ASR allocation I will boycott and recommend others do the same.
The difference is you will unequivocally lie when stating you need a 100% yield on your Jupiter because of the âriskâ. Pure dishonesty and you know it.
You want to milk the shit out of the protocol and get as much short term yield as humanly possible.
I am not going to sit back and pretend that I donât want a fat airdrop as a user of the protocol, but the reality is I will still be here after an airdrop and continue using Jupiter, and I will still be recommending others use Jupiter and advocating for it in the broader Solana community.
If top stakers decide they want to reward stakers, not users only or cancel what was promised entirely, then I wonât use the protocol anymore.
Again Iâve said before, look at Scroll and protocols in general that allocate linearly to capital holders rather than users, it destroys community incentive and buy in. Token prices say as much.
The success of Jupiter token relative to 99% of other airdropped tokens tells me that last time they got the airdrop 100% right.
If youâre fine with shitting on the vast majority of users for the sake of the top 100 stakers, I donât believe for a second you value the long term prospects of the protocol.
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Iâm holding 100k JupSol, 10k Jupiter and use probably tens of thousands in volume a month organically currently
Having less than 5 wallets isnât âsybilingâ . Having multiple wallets isnât âsybilingâ. Again, I donât think you should have such strong opinions when you have such a low understanding of anything youâre talking about.
None of my wallets have inorganic use.
Like everyone else including you, I want to be rewarded as such.
Hence why you and others advocate for linear stake rewards or no Jupuary at all. Youâre advocating for your personal gain.
The difference is that last Jupuary was a huge success and did the opposite of what youâre now asking for.
Youâre asking for another Scroll, an approach that disappoints 99.9% of the community.
Iâm advocating for decentralization, not merely granting current vote holders an even greater share of the vote at the expense of users
Relating to your last post about circulating supply and market cap, seems like not only are you not that bright, a bit of an idiot but also a total piece of shit in general advocating for your own gain but for others to be cut out for disagreeing with you.
The idea that you or anyone else is above âfarmingâ is laughable. Look at the puppet PFP guy above asking for 100% APR because of âriskâ related to holding Jup.
Cut the shit.
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Who would have guessed that this guy is a farmer hhsahsha
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