Following the recent 2030 proposal and @weremeow’s decision to lock up his allocation for another 5 years, it got me thinking. Would some $JUP holders be open to locking their tokens for longer periods, like 24 months (2 years) or even up to a maxiumum of 60 months (5 years)?
I’m also a BONK user, and they have a similar system on Bonkrewards where users who lock their tokens for longer durations get a multiplier on their rewards.
Here’s a simple idea:
- A regular lock with a 30-day unlock period could have a 1x voting power multiplier.
- But for those who believe in Jupiverse’s long-term vision, locking $JUP for longer periods could grant increased voting power, the longer the lock, the greater the multiplier.
This ties into how JupDAO voters were previously rewarded for participating in proposals. For example, if I voted with 100 $JUP across the 14 proposals in 2024, I might receive X amount in Jupuary 2.0 rewards. But if I had staked 100 $JUP for 5 years and hold a voting power of 300
instead, my rewards would naturally be higher than what i’m able to financially afford.
While Jupuary 3.0 is still a long way off, I think the concept of rewarding active voters and loyal holders would be a great way to strengthen the community.
So, in the spirit of “growing the pie” and encouraging long-term commitment, I’m suggesting an option for $JUP holders to lock their tokens for set durations, with added benefits for those who lock in for the long run.
This is just a base of why someone MIGHT want to lock for a longer duration, there might be more.
Would love to hear everyone’s thoughts
polymonger (
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