I pretty much feel stakers have been rewarded pretty Darn well. I mean I AM a staker who never unstaked a single JUP - and sure it would be great to receive some JUP but that’s what ASR is all about no?
Well, I’m not contradicting your opinions. Im just sharing my view about your proposal. And for sure i will always be here for Jupiter.
JUP 4 JUP.
J4J
1 Like
yeah we could increase tier 5. also i need to make some edits based on your suggestion. yeah we could also skip round 4 and add 300 m in this one to balance out the burn and making significant rewards for user.
also adding different features a bonus will be a add on…but i am in favour of splitting 7:3 in between stakers and product users
also removed balanced final… i was trying to post for the first time so for the first two times it had some html issues
(figuring out) so third one was final lol
2 Likes
Perps as a revenue generator potentially larger than swaps long term. Seems like an obvious way to differentiate rewards this time around especially as the product develops. Central part of the broader suite of applications and rewards real users rather than more passive options like staking, or gameable uses like DCA etc.
Sanctum style community allo seems obvious at this point.
1 Like
Swaps doesn’t generate revenue as far as I understand, because there are no fees on Jupiters behalf. Someone correct if I’m wrong.
1 Like
Currently the case generally but longer term my guess is this will become a consideration, Integrators of the platform are charged a 2.5% fee of by Jupiter. Limit orders also have fees inbuilt I think as does DCA.
Perps in comparison are a goldmine.
2 Likes
I personally don’t think 99% of users with less than $1000 in volume over the course of a year to be real users. Using a criteria like usage in 3 months, 5 transactions and $1000 in volume frees up a meaningful amount of rewards that ultimately would have almost entirely rewarded sybils.
4 Likes
Meanwhile no charges apply using jup.ag swap Dex, in centralised system it requires kyc but for upcoming jupnuary no kyc, using swap volume metric we surely encourage farming. Let most of incentives goes to new products.
3 Likes
That they don’t charge a fee on swap volume, doesn’t mean that they’re not important to Jupiter. Swap volume is the main function of Jupiter, and nearly 95% of users only use the swap function.
From a business strategy standpoint onboarding regular trading / swapping users is of vital importance to Jupiter.
It has been the strategy of tech companies for over 20 years to onboard as many users as possible without having them pay, often even paying to onboard them. They know having millions of users will make their company valuable and they can also monetise the platform later on.
For example Twitter didn’t have Ads on their platform the first 4 years, until only later when they were already big. Jupiter could theoretically add a 0.1% fee at some point in the future and make $340 Million in swap revenue from $340 Billion of volume.
1 Like
I agree, I said I’d be much more excited being a share holder than JUP holder. I definitely understand why this is important for the business and agree with it. It’s also important for them trying to keep existing community as much happy as possible. That’s tricky not gonna lie.
It doesn’t differ that much if I hold JUP or SOL or some other high marketcap Solana project. The community on Jupiter is cool but I can enjoy it without a financial stake if I want to. It’s pretty much a coin flip if jupuary is gonna be successful or not for the time before I want to exit this cycle. I was thinking I’d unstake 90% and leave the rest but I noticed it’s more profitable to unstake all at once.
I’m clearly carrying too big personal risk if I care about jupuary this much and I can get around the same return somewhere else without the extra risk.
That’s right. Never ever used any other function other than swap.
1 Like
Valid points made! Agreed about the exposure thing. Over exposure generally leads to over involvement and obsession. That may be the case for me too, but it will soon all be over when the team drops their (hopefully perfect) proposal.
I am personally looking to increase my JLP and JUP Staked ASR holdings, especially after running these calculations into more depth. I don’t know anywhere else where you can get a 40% - 45% but if you know please DM me (;
Remarks about the debate
In general the proposals and the comments and discussion about Jupuary are heated but really interesting and I’ve seen a lot of good arguments and discussion so far. There’s also some weaker arguments maybe by myself or by others, but with an IQ of 200 @Meow should be able to see through these pretty easily (:
There is a lot of focus about Jupuary as a tool for rewarding users, and about who deserves it more. The high volume trader wants more trading allocation and the big JUP staker wants more DAO allocation, the perp trader wants more perpetual allocation etc.
It’s hard to not let this debate become intertwined with personal interests, but we also have to try and think about what is best for Jupiter and for fulfilling the purpose of Jupuary.
I think Jupuary is a method of promoting Jupiter, engaging it’s users, incentivising usage and distributing the JUP token in a fair, sustainable, decentralised fashion.
At the same time people are free to stand up for their own interests, but in the end the only things that last are the best arguments as to why to do Jupuary in a certain way. Those will be the posts the team will pick up on.
1 Like