When did I ever say I had a problem with Jupiter’s tokenomics?
Or wait, maybe now disagreeing with your “community structure” means going against the Jupiter project?
Once you realize that you’re not the center of the world and that not everyone has to agree with your opinion, things will go much better for you. I promise.
That’s a misunderstanding. I don’t divine community just by Discord. All community platforms are included in my proposal. The amount is not equal for all and would depend on individual contributions to be reviewed by the team or a team-appointed commission.
Note the eg. and etc. remarks, meaning there can be additional means of communinty distribution included which haven’t been mentioned.
All these aspects of community are included.
Same as I stated in my initial topic.
In the proposal Community Allocations are based on individual submissions like in last round, which would have to be checked and reviewed by the team. I’m sure they would also use engagement metrics such as these: Jupiter Research
listen all ive seen you is bragging stakers at every now and then, jupiter is far more that just being a place for voting catdet, innovating new users to participate is what inclined with jupiters community growth.
the thing i should mention is jupiter indeed has a bridge which onboards fresh user, bridge volume do speak alot.
Yea but those trying to game the system will be left out.
In my proposal someone with 0.1 JUP Staked would only get ~ 0.025 JUP or 3 cents ($0,03) anyways if they voted the same amount as the average voter.
That’s the same 25% as someone with 100,000 JUP staked would get, which is 25,000 JUP. But in practice 0,025 JUP (3 cents) is meaningless and not worth the effort of creating wallets with 0.1 JUP staked. The costs of doing so are higher than the airdrop.
You can stop replying to this topic. There is no point in repeating your alternative opinions without providing any data, reason, community focus, balance or proof - even after they have already been answered and refuted. Feel free to continue this discussion under your own topic.
Thanks for clarifying! If you go back to my original reply, that’s what I was highlighting. I’d expect LOs to be included in the New Features, but it wasn’t mentioned explicitly in the sub note. That’s all. Was definitely NOT suggesting it should have its own category. The facts align with my expectations that it’s a more niche product. Thanks again.
Will think more about the WEN and jupSOL points. Currently, I don’t think WEN should be included unless other, similar tokens are. mockJUP itself may have been “free”, but the original holders/receivers actually needed to participate in testing to get it, and time is certainly not free.
And anyone who is currently holding it and didn’t originally receive it from testing bought it (similar to WEN). I guess my suggestion would be to either consider all non-JUP LFG token volume (mockJUP, WEN, ZEUS, CLOUD, etc.) or none of them. Just my personal view.
For jupSOL, it does have about a $700mm market cap, compared to $900mm for JLP, so I do think it is a meaningful enough component of the Jupiter related tokens to be considered in that category. Similar to JLP, it is just by holding it that one provides value, in supporting the associated validator and any trades that get routed there. Maybe 5mm of the 20mm JUP currently fully allocated to JLP could go to jupSOL holders. That would be my suggestion on that point.
Thanks again for taking the time to do all of this research, and to engage in respectful discourse about this very important topic. Soju mentioned he’s reading all of these so let’s see what they propose!
Damn bro. Even I liked your post on about stakers knowing the criteria before voting because I agree with you on that, but damn. I think everyone here knows your position (and you are allowed to have your own of course), but you keep spamming just the same idea that stakers should get 100% of the Jupuary and that’s it.
The problem with “so now I can’t reply and propose things” is that you are never proposing anything new. You don’t ever change your mind while @JUPWhale has with the help of a lot of other members. And I’m sure this wont be close to the final criteria because the team does have much more data to re-think the criteria, but is always good to talk as a DAO and discuss stuff.
Thank you very much! Appreciate the support, considering your position in the Jupiverse (you’re obviously a large player yourself).
It’s not easy at all, since there is 30% less JUP to distribute among 15X the volume ($481.5B volume) and millions of users across the different parts of the Jupiverse. If the full 1B or 1.05B JUP remaining would be used, there would be much more to work with for everyone.
For example the allocation for regular swap trading volume is 19X - 64X less than last round, as per my proposal, while the bonus for JLP holders is an additional perk introduced which wasn’t there in round 1.
Having said that, the average per holder would be 369 since there’s just 54,186 JLP holders. There are a lot of big holders here.
The allocation per holder could be increased over 40%+ by just excluding some known wallets such as the Kamino Vault and the Drift Vault.
These in essence are all bonuses on top of the trading volume based allocations.
A multiplier is too dependent on trading volume and the ability to reach the next tier. Instead I’ve chosen to work with actual specific amounts and allocations instead of a volume based multiplier, which provides a more direct and bigger award for these categories.
Oh I see now. It should be included like in the previous proposal.
I get an error when trying to update the post, but the edit would be:
³Any user who traded JUP, JLP, JupSOL or WEN and/or who used new Jupiter niche features like DCA, DVA, Limit Order, Ape etc. Volume based distribution, specifics up to the team.
Fair point and I would probably agree to including it. Didn’t want to make it too complicated by giving everything a separate category, so it was included in the New Tokens and Near Features bonus of 50M JUP.
I’m not able to make further edits to the post but I’d be a proponent for adding 10M JUP to JupSOL holders specifically. This also can be linear according to tokens held, based on one or more snapshots. The 10M could be deducted for the general 50M JUP allocation for New Tokens and Near Features.