For real, Hess just wants to grab whatever he can but hasn’t done a transaction in 5 months. Don’t worry these Scammers will be Sybil Marked.
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A linear airdrop based on trade volume across all products on the Jupiter exchange might be fairer and can also help prevent Sybil wallet issues.
why for proposal to pass needs 70 pecent but not 51 pecent? I feel that 90 percent are small stakers-10 percent a whales.But this whales have 50 percent vote!!In my point of view the proposals is Not going to pass because the Whaels doesn’t benefit from this proposal
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This proposal will fail because the whales don’t benefit from this!!why not normally more then 51 percent to pass?I think this PROPOSAL it’s a bit silly!!The Jupiary was promised long time ago.!!!I
“If voting made any difference they wouldn’t let us do it.”
Mark Twain
Wow! so many amazing insights and suggestions for the best way forward with Jupuary rewards
I voted NO and here are my thoughts and reasoning
The First Proposal (Lost)
This vote is for checking if the community is comfortable with 2 more Jupuaries of 700M JUP each. Because it is crucial that the whole community is unified, the team will be seeking a 70% yes vote.
Why I voted NO
I am a loyal supporter and investor in Jupiter and will be here well beyond this bullrun. I have a sizeable long-term position in Jupiter and cast my vote based on an assessment of the best strategy to leverage the long-term benefits from the Jupuary airdrop rewards as I see them
My reasons for voting NO
We are super early in crypto adoption
Mass adoption hasn’t even started
Jupiter is less than 1 year old! I still struggle to get my head around that!
Jupiter is well placed strategically for user growth with its fantastic mobile app
Price follows user activity - Metcalf’s Law
Growth & Success take time and Incentives/rewards
Jupuary is a fantastic incentive for growth and we can extend that benefit over more realistic growth target periods
Longer time periods allow better management of the challenges faced by rapid growth
Smaller Jupuary drops has less price impact
Lock-up periods are unnecessary IMO as a person who wants to cash out will just do it anyway after the lock up ends, you’re just delaying any likely price impact
I believe we can have a second, better vote once we reach agreement on its wording - this is one of the great benefits of the DAO process (along with ASR rewards of course!) I have attempted to draft a second vote and would love everyone’s thoughts and feedback
DRAFT Jupuary Proposal for re-vote
This vote is for checking if the community is comfortable with 4 more Jupuaries of 350M unlocked JUP each commencing January 2025. Because it is crucial that the whole community is unified, the team will be seeking a 70% yes vote.
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This is about what is best for the growth of Jupiter, right and big whales need to take a step back and stop being so darn greedy 
They should not think of their own already very big pockets, thanks in most part to Jup and the first airdrop, but rather what could best help evolve the ecosystem. Just get on with it. 58% yes vote should be considered as okay.
Furthermore I believe any wallet with over 200 Jup staked ( numbers just fictional) and showing combined real use on the exchange should have the same voting power as someone with 1 million staked. You could introduce a badge system. This would make the Dao more decentralised. This will avoid this kind of rare issue in the future. Rewards for staking should be based on how much you stake and should have nothing to do with voting power. @meow
When deciding on proposals where self interest outweighs what would normally be considered what’s in the best interest for the community and exchange, mechanisms need to be in place to help situation like this cope. For instance it should be a team decision or other solution.
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Thank you for your feedback.
It will indeed be very important for the team to consider each contribution to the Jupiter ecosystem in terms of the allocations.
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This is a great comment!
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