Jupiter Airdrop Round 2 (2025): Analysis, Discussion & Proposal for Distribution

Jupiter DAO $JUP
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Addition on 27. Oct 2024 at 6PM EST

There have been several community members who commented suggesting an allocation, multiplier or bonus for users who have traded JUP, JLP, JupSOL and/or having used new Jupiter features like DCA, Perps, DAO Staking/Voting.

Assuming that it’s feasible and possible for the team to retrieve this data, I believe it would be beneficial to introduce a JUP bonus or allocation for users who traded JUP, JLP, JupSOL and/or having used new Jupiter features like DCA, Perps, DAO Staking/Voting. It’s a good idea which seems broadly supported by the community.

The tokens would have to come from somewhere though. The tokens could come from the 140M general non-tiered allocation. By reducing the general allocation by 50%, which is 70M, this amount could be used for rewarding users with bonus allocations if they traded JUP, JLP and/or having used DCA, Perps, Staking/Voting.
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Applying a volume-based spam filter

The ‘generic’ allocation per general user wouldn’t be affected much by the deduction, as long as a minimum volume requirement of $100 is implemented. In fact, the allocation per general user with $100+ volume would be even higher.

Several community members have noted the importance of implementing measures against low quality spam users / bots and airdrop farmers. Applying a minimum volume requirement of $100 would make ~ 3.9M users (source ) instead of 15.25M wallets. This effectively weeds out around ~ 11.3 Million low quality spam users / bots and airdrop farmers.

In this adjusted proposal only a core user base of ~ 3.9 Million Jupiter users (source ) would receive an allocation, instead of the earlier mentioned total wallet count of ~ 15.25 Million. It would increase the allocation to legitimate users from 9 JUP to 18 JUP per user, despite using only 70M JUP instead of 140M JUP as the ‘all users’ allocation.

There already is a 70 Million (70,000,000) JUP allocation for community contributers like this in the proposal, like was the case in the previous airdrop round.

‘‘Community contributors: 70M JUP = distributed at teams discretion’’
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Whales wouldn’t just get the airdrop in the proposed adjusted volume-based distribution, but nearly every Jupiter user who traded over $100 in volume.

There would be an extra bonus for those who traded JUP, JLP, JupSOL and/or who used new Jupiter features like DCA, Perps, DAO Staking/Voting. This allocation could even be higher but it would have to come from somewhere else, like 35M from the $1M+ volume tier, and 35M from the $100K - $1M volume tier.
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The new JUP Airdrop Distribution Proposal for round 2 would look like this:

  • $1M+ volume tier: 140M JUP / 36,166 users = 3,871 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 Jupiter 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 airdrop: 70M + 140M + 140M + 105M + 105M + 70M + 70M = 700M JUP.

¹ $100 minimum volume requirement used to reduce allocation to spam wallets.
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, I estimate it to be at least 1 Million users.

3 Likes
43

@shrigma I have added a bonus component to the proposal for any user who traded JUP, JLP, JupSOL and/or who used new Jupiter features like DCA, Perps, DAO Staking/Voting

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Addition on 27. Oct 2024 at 6PM EST

There have been several community members who commented suggesting an allocation, multiplier or bonus for users who have traded JUP, JLP, JupSOL and/or having used new Jupiter features like DCA, Perps, DAO Staking/Voting.

Assuming that it’s feasible and possible for the team to retrieve this data, I believe it would be beneficial to introduce a JUP bonus or allocation for users who traded JUP, JLP, JupSOL and/or having used new Jupiter features like DCA, Perps, DAO Staking/Voting. It’s a good idea which seems broadly supported by the community.

The tokens would have to come from somewhere though. The tokens could come from the 140M general non-tiered allocation. By reducing the general allocation by 50%, which is 70M, this amount could be used for rewarding users with bonus allocations if they traded JUP, JLP and/or having used DCA, Perps, Staking/Voting.
.

Applying a volume-based spam filter

The ‘generic’ allocation per general user wouldn’t be affected much by the deduction, as long as a minimum volume requirement of $100 is implemented. In fact, the allocation per general user with $100+ volume would be even higher.

Several community members have noted the importance of implementing measures against low quality spam users / bots and airdrop farmers. Applying a minimum volume requirement of $100 would make ~ 3.9M users (source ) instead of 15.25M wallets. This effectively weeds out around ~ 11.3 Million low quality spam users / bots and airdrop farmers.

In this adjusted proposal only a core user base of ~ 3.9 Million Jupiter users (source ) would receive an allocation, instead of the earlier mentioned total wallet count of ~ 15.25 Million. It would increase the allocation to legitimate users from 9 JUP to 18 JUP per user, despite using only 70M JUP instead of 140M JUP as the ‘all users’ allocation.
.

The new JUP Airdrop Distribution Proposal for round 2 would look like this:

  • $1M+ volume tier: 140M JUP / 36,166 users = 3,871 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 Jupiter 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 airdrop: 70M + 140M + 140M + 105M + 105M + 70M + 70M = 700M JUP.

¹ $100 minimum volume requirement used to reduce allocation to spam wallets.
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, I estimate it to be at least 1 Million users.

1 Like
44

2K is not a typo. There were just ~ 2,000 users who traded over $1,000,000 volume in the previous round. In this round this number has grown 18X to 36,166 users.

The significant 26X decrease of the JUP airdrop allocation is partially due to the 30% token burn (which I believe wasn’t needed at all) and mainly due to the large 16X user base increase (18X in the $1 Million+ trading volume tier).

Simply put, there is 30% less JUP to share with 18 times more people in your tier which would result in a 26X lesser allocation.

Agreed. I personally also traded many millions of USD In perpetual positions size and the fees are significant at around 20% on the collateral to open and close a position. I have added an addition to the end of my proposal to include a bonus for users who have traded JUP, JLP, JupSOL and/or having used new Jupiter features like DCA, Perps, DAO Staking/Voting.

An extra perpetual airdrop allocation could theoretically also be volume based, or the perp volume could be included in the general volume, but this might complicate things and I’m not sure if this is feasible for the team to implement.

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Everything you say would get me excited in case I was a shareholder and I agree with pretty much everything you’ve said in case I was having shares of the project itself. However, I’m a JUP holder and viewing all this from that perspective. As you know, JUP is not a share and success of the project and success of JUP doesn’t necessarily go hand in hand. I could get some examples here but I know I don’t have to as you know this already.

As an investor I hop in and out during the market cycles with a goal of making money. I’m solely looking for reasons why jupuary is good for me as a JUP holder during this market cycle, which may be over within the next 3-6 months. It seems we are looking at this from different angles.

You also know that big investors who have recently been buying BTC would not have done that when BTC was at its infancy, with very large overhang, like where Jupiter is at right now. They would also more likely be confident to get Jupiter shares if possible rather than the governance token. I think we are comparing oranges to apples here.

1 Like
46

I do think you’re making a valid point in regards to the top tier power users making many millions in volume. That’s why I have added an important addition at the end of my post.

Addition on 28. Oct 2024 at 6AM EST

Based on the feedback from certain community members, it might be a good idea to add a new $10M+ volume tier, instead of only using a $1M+ tier. It might be logical to add a new 10X higher tier since the total trading volume has also increased 9X.

Adding a new $10M tier would effectively mean splitting up the 140M JUP airdrop allocation for highest tier in two new tiers of $1M+ and $10M+ volume power users, with a 100M JUP and 40M JUP allocation respectively.

For example 40M JUP would be allocated to the top 4,422 users (source) who traded over $10 Million in trading volume. The remaining 100M JUP would be going to the 31,920 users (source) who traded between $1M and $10M in volume.

This would result in the following airdrop allocations for power users:

  • $10M+ volume tier: 40M JUP / 4,422 users = 9,045 JUP per user
  • $1M - $10M volume tier: 100M JUP / 31,920 users = 3,133 JUP per user
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JUP make the first airdrop a gift for all
They reward all with 200 JUP if you have $1 transactions

And the volume to qualify for airdrop start from $1k

Why are we going back this time around from that $1k to $100

We have seen increment in JUP users from 955k to over 15M that’s is over 15x

If the starting capital to get airdrop 2x-5x(from $1k to 2k or 5k) from last airdrop
I don’t think that’s a bad thing

Let chek the number of users that fall between the volume

If the initial criteria is $2k-$20k
The next will 20k -200k
The next will 200k -$2M
Then the last will $2M and above

I don’t think this is a bad ranking whatsoever

48

@num17 thank you again for your feedback on my article. Based on your feedback, and the feedback of several other community members, I have made several additions and changes to my initial analysis and proposal. These are:

  • An extra allocation for users who have traded JUP, JLP, JupSOL and/or having used new Jupiter features like DCA, Perps, DAO Staking/Voting
    • A total of 70M JUP would be allocated to these New Feature Users
  • Applying a minimum volume requirement of $100, resulting in a 74.4% decrease to ~ 3.9M users (source ) instead of 15.25M total wallets
    • This effectively weeds out around ~ 11.3 Million low quality spam users / bots and airdrop farmers with less than $100 in total trading volume.
  • Adding a new $10M+ volume tier, instead of only using a $1M+ tier
    • It would be logical to add a new 10X higher tier since the total trading volume has also increased 9X. Users making $10M+ in trading volume would be rewarded with 9,045 JUP per user

You find the complete additions at the end of my original post.

1 Like
49

@SolanaSultan thank you again for your feedback on my article. Based on your feedback, and the feedback of several other community members, I have made several additions and changes to my initial analysis and proposal.

Addition on 28. Oct 2024 at 6AM EST

Based on the feedback from community members in the comments, it might also be a good idea to add a new $10M+ volume tier, instead of only using a $1M+ tier. It would be logical to add a new 10X higher tier since the total trading volume has also increased 9X.

Adding a new $10M tier would effectively mean splitting up the 140M JUP airdrop allocation for highest tier in two new tiers of $1M+ and $10M+ volume power users, with a 100M JUP and 40M JUP allocation respectively.

For example 40M JUP would be allocated to the top 4,422 users (source) who traded over $10 Million in trading volume. The remaining 100M JUP would be going to the 31,920 users (source) who traded between $1M and $10M in volume.
This would result in the following airdrop allocations for power users:

  • $10M+ volume tier: 40M JUP / 4,422 users = 9,045 JUP per user
  • $1M - $10M volume tier: 100M JUP / 31,920 users = 3,133 JUP per user

You can find further additions and the full new updated proposal at the end of my original post.

1 Like
50

I am convinced that it is clearly net positive and moreover necessary to accomplish growth. If you look at the growth of any cryptocurrency ecosystem like Bitcoin, Ethereum, Solana etc or even looking at established memecoins like Wif, Bonk and Popcat, it has gone through similar cycles of volatility characterised by earlier holders selling and the supply being distributed to a greater number of smaller holders.

Not having another Jupuary would greatly limit the progress of JUP to a single year of distribution instead of 4 years. We would fail to capitalise on the 9.5X volume growth and 16X user growth, converting this into more holders and traders for JUP and further cementing the JUP and Jupiter ecosystem. Any good project like Jupiter deserves to keep growing and scaling, and we can’t do that without it’s actual users.

The achievements can become much greater as we scale further through following up on the plans and further advancing the JUP distribution and decentralisation. We can further increase the market cap, holder count, trading volume and CMC ranking.

1 Like
51

Yes
Choosing $100 as base eligibility criteria is something else
While first airdrop is $1k and now for second one
We are going back 10x when the protocol have multiplied in 15x users

2 Likes
52

Simply why Jupiverse is destined to be amazing. Less than 12hrs since my reply to your post ideas are being calculated into the possible proposal and not only mine but from what i can gather is that any concern or confusions are swiftly being weighed for their “possible addition or removal from proposal”,

I appreciate the notes/changes that are a being looked over as possible additions or corrections in your post. I am confident if we have another Jupuary, it will again be a huge success!

Thank you as always
J4J
PPP

2 Likes
53

Hopefully JUP do something like this.

I wasn’t suggesting JUP only do the top tier, but used that as an example.

I think JUP should maintain the tiers, but increase the volume requirements to get there. Perhaps the lowest tier increases to something like $500k-1m or something, reflecting the growth in the protocol.

2 Likes
54

If I’m understanding correctly, you are still basing it on pure swap volume alone which to me is an incorrect assumption. Because they are not going to re-run the Jupuary 1 playbook, which was completely weighted towards pure swap volume. There are too many users now and there is a broad range of products, a community. Yes genuine users who only swapped $500 should get some but I think it is incorrect to assume this Jupuary will be the same and skewed so heavily towards them the way jup 1 was, or that it even should be!

This speculation leaves no room for a situation in which they skew the airdrop towards stakers, towards people who use the broad range of products. Which in my opinion is extremely likely. Just towards pure swap. There are so many vectors now that they will have to weigh against each other to determine the tranches. This entire speculation goes out the window the second they decide to give more weight to stakers, broad product range users, etc.

2 Likes
55

I’m still leaning little more towards voting against jupuary but the data provided eased a bit the fear of potential bigger dump. It’s also good that people get an idea of what to expect if jupuary happens. Everyone has agenda and I think lots of people were thinking they are on the receiving end with larger amounts than what actually may be coming.

As the data is out here now, people can make better educated decisions when voting. At least now we should get rid of those votes who vote for jupuary purely because they consider getting a remarkable cut from it. On the other hand people like me who are more towards not having another jupuary in the fear of price dilution, may change their mind.

Good luck everyone.

4 Likes
56

This is an amazing contribution to our community research.

I think your final distribution rates fall more inline with reality and leave room for adjustments.

…. If the second airdrop even happens

2 Likes
57

It seems you’re not understanding this point correctly, no offence. With the 16X user increase and the 9.5X volume increase, I’m actually proposing a floor of $100+ instead of $0,01+ for the ‘‘all users’’ allocation.

The other tiers are effectively all becoming 10X higher as well, with the addition of the $10M+ tier. We’re not making any tier lower, but setting the tiers higher.

Final Airdrop Distribution Proposal

The new JUP Airdrop Distribution Proposal for round 2, including the implemented feedback from community members in the comments, would look 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.
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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.

1 Like
58

Much appreciated for this thorough analysis. This information above just answers my curiosity that i was looking for lately. I as well had a thought that a tier above 10 million should exist (If only volumes would be taken into account) as i have seen many wallets in 7 or 8 figures (i am not one of them).

I as well agree that if you spread the claims among so much more wallets it will reduce the impact of price flush (those that will be selling their allocation straight away) and even less if you can only claim that amount via staking.

Even so i think there are two important factors that were not taken into account:

  1. JUP team might give some or much more weight to community contribution than to volumes (= those that drive JUP narrative further, those that actively serve JUP community, those that promote, build etc.)
  2. Jupuary vote still needs to pass (=but that is very probable)
4 Likes
59

It seems you’re not understanding this point correctly, no offence. With the 16X user increase and the 9.5X volume increase, I’m actually proposing a floor of $100+ instead of $0,01+ for the ‘‘all users’’ gift / allocation.

The other tiers are effectively all becoming 10X higher as well, with the addition of the $10M+ tier. We’re not making any tier lower, but setting the tiers higher.

Final Airdrop Distribution Proposal

The new JUP Airdrop Distribution Proposal for round 2, including the implemented feedback from community members in the comments, would look 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.
.

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.

This is not possible since the volume has increased 9.5X - 20X depending on the tier. This stays the same when you make slight adjustments to the tier.

Even a user with $100,000+ volume would get 767 + 18 JUP where a user with $1,000+ volume would have gotten 1,000 + 200 JUP. There’s simply many more users which means the airdrops of this round don’t even come close to round 1.

1 Like
60

@MegaB1973 You might be overestimating how much volume the average user does.

According to the data, with what you’re proposing, only 36,363 - 64,812 users out of 15,247,000 users would get the airdrop. That’s only the top 0.24% - 0.42% of users. It would be highly unfair to implement something which only rewards the top 0.24% - 0.42% of users. That’s what the tiers are for; to reward power users more, while still rewarding smaller users relative to their contribution.

Even if you only consider legit $100+ volume users, $1M+ is only the top 1% with 36,363 out of 3,885,443 users. The below tiers already reflect the 9.5X volume growth and 16X user growth by adding a new $10M+ tier.

With the below proposal 3,885,443 out of 15,247,000 users receive some kind of airdrop allocation. At the same time, more trading volume and diverse engagement with Jupiter is awarded with extra allocations.

Final Airdrop Distribution Proposal

The new JUP Airdrop Distribution Proposal for round 2, including the implemented feedback from community members in the comments, would look 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.

1 Like
61

I think you’re right about this. In the last quarter they have seen how the work in the community bears fruit, they are really the ones who are day by day spreading the mentality that exists within the community.
for example Sanctum did it that way. It was criticized at first for the big difference in the allocation between the farmers and the serious guys but even after the criticism they did their job well and $CLOUD has behaved quite well in the last few months, so it is very likely that it will be value activity inside and outside the community for those who truly understand and share the feeling of JUPIVERSE. :green_heart:

3 Likes