Since Meow said he would let the community discuss it and vote on it, and since we’re having the discussion in this open forum, what would you like to see included as an allocation for the airdrop besides volume?
What do you think of the below option, which I wrote in response to the suggestions of @Crypto_Minion and @miuq in regards to adding more consideration for JUP stakers.
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:
Adjusted Volume-Based allocations (after deduplication to exclude farmers):
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:
Personally i am not in favor of this option. It doesn’t even cover the trade and risk weight of products.
Which volume is this ?
swap ? Dca ? Perp ? Limit Order ? Va ?
For how long ? For how many transaction ? For how much fee in total ?
Also it can be asked for staking , dao and community contributions too …
For how many jup staked ? For how long ? How many votes participated ?
For how many months activity on social platforms ? In which quality ?
What kind of contributions happened in discord and on other platforms ?
How many contents , post have been created ? In what quality?
etc etc …
Even in all aspects there can be many sub topics to be discussed. To see others opinions about jupuary please also check other topics in discussion , there are active ones right now that members share their ideas on. Wish you good luck and profitable days in your crypto space my friend , stay in peace stay as a good cat 
I simplify here and say that the marketcap remains the same while it’s the token price which changes. Thus expecting a 30% correction give or take. It doesn’t work exactly like that and I know there are also positives if the jupuary happens, which reduces the risk of such drop or makes it less. 15,9% addition to ASR linearly distributed would help a lot people in my position.
I was thinking if some sort of KYC would also be introduced as a requirement to claim the airdrop. There are decent reputation based ones which have been in use on other airdrops. I can’t think of any negatives adding such for jupuary? I know most people have more than one wallet so should there be a max number of wallets one KYC could receive the airdrop to? Just one, two or maybe three? Would this also help that less JUP would be getting in the hands of farmers and sybils? Or are professional farmers already KYC proved their wallets.
My post which you replied to got deleted (the UI here was making me think I responded to the incorrect reply) but I reposted my response here: JUP Airdrop Round 2: Addressing Concerns & Proposal for Distribution - #87 by JUPWhale
I believe Jupuary will bring a lot of positive attention to JUP and Jupiter and enhance the token price, rather than suppress the JUP price.
I wrote some of the benefits of another JUP airdrop similar to last one here: JUP Airdrop Round 2: Addressing Concerns & Proposal for Distribution - #74 by JUPWhale
Good to hear! It might be good to give sufficient consideration to DAO / JUP Stakers. I think the ideal airdrop distribution would be a fair distribution where almost where (almost) everyone is happy.
I don’t think this idea would be well supported, at least not by me and many other crypto natives. Many people are are operating in Web 3.0 under anonymous / pseudonymous identities and hiding behind JPG’s. Crypto is semi-anonymous in nature and privacy is one of it’s core values.
There are several other reasons why KYC isn’t a good idea for a DEX such as fear of Tax Consequences in stricter legislations like the USA or Europe where every single DeFi transaction needs to be justified once it’s connected to your identity.
Most of all, it’s not needed. Big clusters of airdrop farmers can easily be filtered out with anti-Sibel / blockchain analysis, and implementing a minimum filter of $100+ for the general airdrop and $1000+ for the lowest tier, would effectively filter out 11.3 Million low quality spam users / bots and airdrop farmers.
Regarding the KYC, I’m not a fan of it myself either but the ones I’m thinking (and have been used on other airdrops) are based on your onchain activity. You don’t have to upload IDs or give your identity. You can pass it as JUPWhale as long as the address you are using has some sort of onchain reputation.
Wow, very interesting, im trading at around $700k, gutted to miss the million mark after reading this 
I can only repeat here what Meow wrote one year ago:
Meow said : This JUPUARY will be different
So I don’t expect that same approach towards criteria of last JUPUARY be used
Even if the criteria are the same
I don’t expect Jup team to use same approach as your highlihht
100% agreed. That is all I look at as an investor; how does the airdrop benefit me as an investor?
Also, if the quoted statement is true, why doesn’t the team buy JUP to reward the users it makes the money from? Wouldn’t that get all parties better aligned?
I can agree with you here…Looks like the Average cut is between 8-29x less than last JUP and Loyal users, which I definitely consider myself (as I have NEVER used any other swap aggregator over $1.00 in the last 3.5 years- less than 3 times TOTAL)
All Im saying is Many many people “hate” the Loyal O.G users like myself when I put $300 Weekly through JJUP swap and this Jupuary as the initial airdrop was showing being TOP TIER user(s) Once AGAIN we take the bigggest Hit at 29x LESS distribution.
I get why so many people hate on Volume Users But to be fair giving US a 29x decrease when were increasing our volume numbers - Does not show the same loyalty in return. Ive also Taken a loss over $100,000 on the JUP DEGEN PERPS, To be fair I am a pretty intelligent person but no one has the self-control to Leverage at 100x - Like it or not if 10x isnt enough, 100x wont help you. This was my Mistake and maybe my mistake for being Thankful is went BACK to JUP as I was considering that I would benefit in some way for my show of and use of the Awesome Tool Jup implements, EVEN if I feel some of them should never have been brought into existence, Especially not at 100x - I was very disappointed when I first seen the PERPETUALS but who knows, its still early and Maybe we will be “seen” in some way for our profit & LOSSES especially.
Just ranting, I apologize but Im seeing no continuation of Genuine Loyalty towards the Largest and most aggressive Users of Jup - and before anyone goes on saying This or that about whales getting everything I do more than my fair share all around to help JUP & All the good protocols on SOLANA I have ben for years and to clarify Im not even close to being a whale, Im just a hard working man who’s total paycheck of about a spendable $300 EVERY week , YES goes DIRECTLY to JUP.AG.
JUP have been around 4 years now, If you havent made 100 or 150 iun volume this year then there is a serious problem as EVEN people I have referred to JUP have MADE MORE VOLUME THAN THIS WITH FREE JUP AIRDROPS!
Farming is seen for what it is, I see right through it.
But Loyalty is my Game and You cant beat me there.
although I expect 100% the same in return.
why would I expect any less.
J4J
Loyal Recognize Loyal
You have a Good point how lowering the HIGH tiers plays into the hands of farmers…We need a sybil check or bubble map on wallets to see which ones are connected in such a way that’s MALICIOUS.
To the 30% burn it could be seen as a broken promise.
But lots of people getting disappointed with no jupuary ~ Isn’t that what was encouraged and expected, i mean i became even more involved with jup, definitely put more effort into growing the pie, So what I’m saying is your calling these people like me farmers? We have a different understanding as i would never call myself a farmer. I just don’t belive in honoring the most loyal and involved users as a thesis then flipflopping to accommodate users with only a $100 swap volume over the last year *When, WEN airdrop and mockjup both reached over 150 volume nevermind the 200 jup tokens to all!
I mean there is a serious flaw in this logic. Setting the last tier swap volume to 100
Wow, this is a really in-depth post!
Thanks so much for doing this, would you be interested in coming on JUP & JUICE and speaking about it?
It’s a live podcast, we’re a trial working group!
Round 1 airdrop was not farmed by 99%, was a surprise snapshot, there were no stakers.
Round 2 has everyone farming, serious farmers with undetectable sybils. The only statistic that can’t be farmed is staking, this should have priority. 70mil of the 700mil for stakers is unfair. We should vote on criteria as a DAO. The “215 mil JUP” as said by Meow is a reward for how taxing voting is for the 600k users.
What would an ordinary user do with 70 JUP for swap only, imo it’d be far better with less wallets and more rewards per wallet
And secondly, whoever does 1m$ and above volume why should they receive such big multiplier? Simple swap volume is the easiest metric to be gamed and it the solscan shows it pretty damn easy. The more niche some activities are the more they should be rewarded, JUP team gifted the drop to swap users because there was nothing else to be done on the platform, but nowadays the picture is whole different. DCA/Perps/Limit orders/VA/Ape - those are the new products, those should be rewarded mostly imo (in addition to the stakers which should be in the first place imo because they determine the fate of the protocol)
There is no 70 JUP for swap only in the below proposal (see and of reply).
There are only 4,422 users with $10M+ volume and 31,920 users with $1M+ volume. It’s not easy to game this at all. Furthermore it costs thousands of USD in slippage and fees, so it’s not a target for airdrop farming.
Most airdrop farming happens below $100 volume per wallet. $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.
I’ve included 70 Million JUP for DAO / JUP Stakers and 70 Million JUP for New Feature Users (Any user who traded JUP, JLP, JupSOL and/or who used new Jupiter features like DCA, Perps, DAO Staking/Voting) in my proposal.
These features can also be gamed. That’s why it’s important to do deduplication, apply a $100 volume minimum to exclude 11.3 Million low quality spam wallets, and to carefully look at the picture the data shows us.
.
There are several JUP stakers with 10 Million, 6 Million and 1 Million JUP staked. Under my current proposal the largest ~ 10M JUP staker would receive up to 1,582,000 JUP equal to ~ $1,600,000 in airdrop allocation already (70,000,000 JUP x 0.0226 = 1,582,000 JUP)!
A 10 Million JUP staker would also get 2.26% of the 225 Million JUP ASR reward (10,000,000 / 442,435,867 staked JUP x 100 = 2.26%) which comes down to 5,085,000 (5 Million JUP!) worth over $5 Million USD!
The power dynamic here is the most skewed. This only benefits the richest whales. A tiered system with some updates and additions since last round as in my proposal on the other hand, ensures a fair distribution for ALL few Million legitimate Jupiter users.
On top of that there are hundreds of thousands of wallets staking 1 JUP or less, effectively also trying to farm and base airdrop / reward for all farmers.
In my proposal users are rewarded proportionally according to their contribution in terms of trading volume, interactions with new features and tokens, their JUP staking activity and specific community contributions - without a skewed Power Play of putting too much into the hands of a few rich whales.
Larger clusters of airdrop farming can be (and have been) detected by Meow and the team using blockchain analysis tools. Most of these 10,000 and 50,000 wallet clusters are ultra low transaction volume, and will be filtered out by the $100+ minimum volume requirement for receiving any airdrop.
$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.
Thanks! I can’t, but feel free to discuss the writings. All the best!
Incredible analysis! Thank you for putting so much thought and work into this!
One thing I wanted to clarify was the presence of the DAO voters/Stakers in two buckets. Is this intentional? If so, how were you envisioning the second bucket working? Is it purely the amount of JUP traded/jupSOL or JLP held/JUP staked, or is there a time component, as well? For example, if you’ve been holding jupSOL to support the validator for longer, will you get more than someone who just bought the same amount a week ago, or is the extra accumulated SOL yield for holding longer enough?
Also, is the perps volume the leveraged or non leveraged amount? I had/have drafted my own proposal and had considered dividing the leveraged amount by sqrt(n), so was wondering what you independently thought on that.
I also thought it might be worth including DVA and LOs in the second bucket. I thought actually the DAO voters/stakers might have been meant for those. 
Thank you very much again for the analysis - very fascinating!
