It’s possible with $100+ volume but $0+ is not an option anymore with 15.5M wallets.
If you check my first proposal there was this allocation:
- All $100+ users²: 40M JUP / 3,885,443 users = 10 JUP per user
It would be possible to include the $100 - $1,000 tier. It’s around 1,585,443 users. I left it out now because some were against it, but I see no problem with either a $100+ or $1,000+ minimum.
What is clear, is that you can’t include all 11,361,557 wallets with volume below $100 because there are not that many users on Jupiter. These low volume wallets are mainly bots and farmers.
Yes we did. I proposed a new $10M+ tier (last round it was $1M+).
Perps are important. Perps volume represent ~ 27% of total trading volume, with swaps making up the other ~ 70% and DCA and Limit only ~ 2.5% combined.
Perps allocation was increased from 20M JUP in my first proposal to 120M JUP (120,000,000 JUP) worth over $120 Million USD in this latest balanced version.
The volume is leveraged up to 100X. With 100X, $1M volume can be made with $5K ($500K open and $500K close). It has about the same fees as doing $1M in swaps (no leverage).
It was considered. For example $1M perps volume with 100X leverage has about the same fees as $1M swap volume without leverage. These two (perps and swaps) represent 97.5% of all trading volume, so there’s nothing more to consider. I mentioned the math for it in one of the combined 500 replies on both proposals but feel free to calculate or test it.
925 JUP for $1M in perps volume might seem off to you, but remember Jupuary is a gift. It’s not a compensation or reward for activity, for fees paid or for anything else. it has never been that. This round allocations could be 25X+ less due to increased user counts, increased volumes and a 30% tokens supply deduction going off the Jupuary airdrop allocation.