I have no idea but it’s really disappointing to see on the interns latest tweet, that 75% of perp trading fees are not being included in the airdrop calculation. I never owned JLP and used perps A LOT, even getting liquidated, twice.
Obviously I have a bias on this but I don’t really understand the rationale of that decision and I hope they change it.
They had to cut somewhere in order to make happy the stakers and few insiders.
As a perps trader, in order to qualify, you need to meet certain criteria. After that, the fees are reduced to nothing.
They don’t want to raise the threshold for swap volume because they want to include everyone.
When it comes about perps traders, they come up with all kind of reasons in order to eliminate as many as they can. This is just horrible.
I completely agree on that one + it is absurd to reward so much swappers compared to ‘‘expert users’’ since those are the real fee generators of the platform.
Imagine a dude that made 5 $200 swaps, all year long, is getting a piece of the slice.
A dude that used perps and paid fees might not qualify because he might not meet the criteria for expert traders. It’s absolutely insane.
Mei confirmed that perp Volume isn’t how it’s ranked
Rather by fees generated, Meaning those that generated more fees get a higher teir
I think that’s a fair approach
The main ideas to grow the pie and by having swap volume included is the best way to achieve this
However, I agree that people that generated more fees should have been rewarded heavier
Which I think will happen given there is less wallets as expert traders
They’ve butchered perps traders. From having to meet multiple criteria to cutting to nothing the fees paid.
The allocation for traders is the lowest from any category, just for the reason that we are not so many. Total bullshit!
From “staking only” won’t qualify you for the airdrop, stakers will end up with a bigger allocation than traders. Total bullshit!
How the fuck a dude that made 5 swaps all year long can qualify for the airdrop but a dude that paid hundreds or thousands in fees might not qualify?
Wtf reason is that, to take in consideration only 25% of the fees, just because the fees went to JLP holders?
Are you fckn kidding me? This is absolutely sick.
First of all relax
Second of all, JUP perps traders are getting higher tiers.
There is less wallets eligible so it’s more concentrated
Hey Kash, thanks for your reply!
What you can do here is use some of the tier 4 amount with $29K+ qualifying volume to add to the new $5K - $29K vol. tier.
In the same way you can use some of the tier 3 amount with $500K+ qualifying volume to add to the new $125K - $500K vol. tier.
The allocations per person wouldn’t be lower. It would simply be better distributed.
The amount would be lower for the people on the lower end of the previous tier and higher for the people on the higher end of the previous tiers.
This way you’re not taking away allocation from any tier, but rather dividing one tier into two tiers.
The allocation for the $5K - $29K and the $29K - $120K tier and the $120K - $500K tier and so forth would still be significant as there will be viewer users in each tier.
All you’re doing is adding an improved distribution with improved tiering.
The difference between the tiers would be very large at ~ 15X - 30X.
It would make sense to add additional tier steps between tier 5 and 4 and between tier 4 and 3, making the difference less extreme and more gradual. For example:
- Tier 7: $800 - $5K vol ($5K step added)
- Tier 6: $5K - $29K vol
- Tier 5: $29K - $120K vol ($120K step added)
- Tier 4: $120K - $500k vol
- Tier 3: $500K - $3M vol
- Tier 2: $3M - $14M vol
- Tier 1: $14M+ vol
This way the difference between the steps is 4X up to 7X at most.
I use my public name and wallet… nothing wrong with it, I’ve got nothing to hide.
Bless.
I’m in the Same boat as you my friend, allme.sol
You make a great point about Majority of volume abc where the malty of it comes from… but congrats and see you around!
J4J
PPP
There should be a tier between 500k and 3M… Its unfair for someone who had $2.9m volume to get same airdrop as 500k volume
You seem like a knowledgeable dude(ette). I recently staked a little over 9.8k JUP, so I haven’t been able to vote on a proposal. If I don’t end up voting, does that mean that I miss out the Jupuary airdrop? I think I’m in Tier 6, but I’m not entirely sure. Coud you please help me determine what tier I’m in? Also, does trading, not just staking, help to increase my tier to a higher one? I’m trying to determine if I should have kept some of the JUP that I staked (which is all of it) in order to trade during the year to increase my tier. Any info that points me in the right direction would be greatly appreciated. Thanks in advance!
I’m doing my best to keep up with the discussions after watching the video with Meow explaining the ASR. I’m new to all this, so I’m not sure if the ASR is connected to the second round airdrop of JUP happening in January 2025. According to Meow, he wants people voting to be considered in the rewards. I missed my chance to vote because I staked recently. I have about $9k or less than 10k voting power, which I think is Tier 6. If I don’t vote on anything, then does that mean the JUP that I staked won’t get any rewards in January 2025? If so, will there be another chance to vote on a proposal before the next airdrop?
Absolutely. Tiers are needed to distribute a limited amount of money to a large number of wallets. The more tiers, the more money is needed. Which is not in sufficient quantity. That is why your option of tiers is not viable.
And yes, if you need more than 20k $JUP, you need to go to perps. They generate most of the project’s income.
Interesting article. It was interesting to read. Important issues are raised.
If you don’t vote you miss out on ASR.
Jupuary is separate. No matter if you vote or not , stakers get 0.1 per JUP staked
If you are a top 10% voter who had 13/17 votes you’ll get an additional 0.3
However this is just a near final draft for now
You will not get any Jupuary rewards if you staked after Nov 2nd 2024. for the Stakers slice of the airdrop.
There will be a lot more votes in 2025, and you will be eligible for every quarterly ASR reward (Apr/Jul/Oct/Jan), and it does NOT mean you will get qualified for Jupuary 2026. because the criteria will most likely be different than this years airdrop.
Cheers, and welcome to Jupiverse! 
There might be a bonus for 17/17 ie if you missed no vote. Still being looked at🤞🏿
If the tier was 2.9mil instead of 3mil, there would be another degen in here saying;
“There should be a tier between 500k and 2.9M… Its unfair for someone who had $2.8m volume to get same airdrop as 500k volume”