Im gonna keep it simple 30 day lock on claimed $JUP if you want next years airdrop. Instant claim = disqualified from next years airdrop Tiered system style airdrop (same as last year) but for less wallets (more concentrated).
This means loyal users less likely to dump get it over volume farmers. If you sold last years $JUP drop you have a 70% penalty on this years. ]If you re-stake THIS YEARS airdrop you get a guarantee one next year. If you purchase $JUP within that 30 day period → you get a guaranteed drop next year. 6 month claim period - all left over BUFFERS future ASR. KYC measures in place
What does this do?
Incentivises HODL your airdrop Penalises those for next years drop if they choose to respectfully move on. Adresses dumping concerns Address ASR APY Allows people to buy the dip if they are cocnerned!
I want as many people to read this so here my original x post : x.com
Hi lochie, as u know from my twitter persona @mroptimist2021 I voted NO
Here’s why
The Proposal
This vote is for checking if the community is comfortable with 2 more Jupuaries of 700M JUP each. Because it is crucial that the whole community is unified, the team will be seeking a 70% yes vote.
Why I voted NO
I am a loyal supporter and investor in Jupiter and will be here well beyond this bullrun. I have a sizeable long-term position in Jupiter and cast my vote based on an assessment of the best strategy to leverage the long-term benefits from the Jupuary airdrop rewards as I see them
My reasons for voting NO
We are super early in crypto adoption
Mass adoption hasn’t even started
Jupiter is less than 1 year old! I still struggle to get my head around that!
Jupiter is well placed strategically for user growth with its fantastic mobile app
Price follows user activity - Metcalf’s Law
Growth & Success take time and Incentives/rewards
Jupuary is a fantastic incentive for growth and we can extend that benefit over more realistic growth target periods
Longer time periods allow better management of the challenges faced by rapid growth
Smaller Jupuary drops has less price impact
Lock-up periods are unnecessary IMO as a person who wants to cash out will just do it anyway after the lock up ends, you’re just delaying any likely price impact
I believe we can have a second, better vote once we reach agreement on its wording - this is one of the great benefits of the DAO process (along with ASR rewards of course!) I have attempted to draft a second vote and would love everyone’s thoughts and feedback
DRAFT Jupuary Proposal for re-vote
This vote is for checking if the community is comfortable with 4 more Jupuaries of 350M unlocked JUP each commencing January 2025. Because it is crucial that the whole community is unified, the team will be seeking a 70% yes vote.
Good proposal ultimately with a 58% yes vote the team should just decide what’s best. Just because ultimately and naturally there will be so many options and wishes it would be hard for us all to have our needs met. I feel in this case the team probably is the group that would guide the best outcome for Jupiter as a whole. Plus we are all probably getting tired right off having to get this done. But am really in favour of your proposal.
Are you sure, this thing is legal? Are you sure 100% there will be another Jupuary after this one? We were 2 months away from Jupuary2 and we still don’t know if it’s going to happen. To me, it’s gonna look like a pump and dump thing.
The focus on the short term price action it’s not good. We have to get real. With or without Jupuary, with or without ASR, many will sell in the next few months. Probably some of them will buy back during the bear cycle.
I said it before… quality users. How we keep them and how we onboard more of them.
The real focus should be on improving the platform. Jupiter might be a decent trading platform on Solana but I guarantee you, in 3 years time, there will be competition.
I think this came back a few times around but KYC is not something to be taken lightly.
Dealing with personal data goes way above the current data handling that JUP does. What if any of it gets leaked? Do we have the security measures in place? I am personally not a fan of doing KYC but it does depend on what extent you’re suggesting.
Really rate your post Lochie, I think it encourages the right things that JUP supporters would be interested in. I also think that people that staked their first airdrop should get a benefit. JUP have to start rewarding the things they actually want the community to do.
I also like the idea of having a 75% penalty for claiming immediately. That 75% should go back into ASR too, which further encourages active participation in the Dao and removes benefit away from farmers.
Think this is a bad idea, everyone knew it was going to be four aidrops which was reduced to 3 along with the 30% token reduction, the team obviously aren’t going to want to then increase it to 5…
Most of these measures are terrible, especially the KYC one. What a way to overcomplicate things… any measure designed to create an specific short-term behaviour will be gamed (30 day lock, if you do X you do or dont get next year airdrop…).
In the end is very simple. Do you want stakers to be on board with the new Jupuary? Then treat them well: make a plan to have the token accrue value soon and use Jupuary to reward users who have invested time and money in the protocol (either staking JUP, JLP or doing limit orders/DCAs…). If you are going to dillute JUP stakers, at least reward positive behaviour. And dont give (excessive) free money to people getting sympathy points with tweets, discord/forum messages… because all you are doing is create an army of NPCs creating low-quality interactions hoping to get paid.
30 day lock on claimed $JUP if you want next years airdrop.
Incentivises HODL your airdrop