Arc87
March 19, 2025, 7:20am
1
Continuing the discussion from ASR (Active Staking Rewards) Notes :
Thanks to everyone who took part in the DAO Genesis & LFG Vote! It was fun participating in governance with the rest of the community. We have an exciting week ahead with the first Core Working Group budget vote, and we wanted to take this opportunity to discuss ASR before folks resume voting!
Design Goals
When designing ASR, we had a few key objectives.
Reward the most active participants in the Jupiverse with JUP, allowing them to accrue more voting power over-time in the simple way possible
Boost Participation: Instead of trying to lock-up the most JUP as possible, but rather wanted to boost participation as wide as possible.
Simplicity: Keeping it simple was key in onboarding a large userbase, as a majority of JUP holders are participating in governance for the first time.
Claiming ASR Rewards
The first batch of ASR rewards will drop sometime in July, after the first period of March - June has ended. These JUP tokens, when claimed, will be added directly to your existing stake accounts.
When claiming your ASR rewards, they will be automatically staked, since the point of ASR is to accrue more voting power for those who stake and vote every quarter.
If your JUP is staked, your JUP will increase your staked balance.
If you are currently unstaking:
Previously
If your JUP is unstaking with 15 days left, the ASR rewards will also be available within 15 days
Latest Update 3rd July:
The key design mechanism here was simplicity and encouraging folks to immediately start voting with their JUP rewards.
Long Term ASR
ASR is an innovative experiment, with the goal to align voters, keep DAO voters active and participating in proposals with 100M JUP in launchpad fees for the first 6 months.
We envision an ASR program that runs in perpetuity, with rewards released to align stakeholders and onboarding a new generation of retail DeFi voters to drive community-decision making on how to grow the jupiverse and the meta together!
This would be a key part of the JUP for JUP initiaitive - where we aim to get JUP into the paws of those who are actively working towards a bigger and better Jupiverse!
We’re excited to continue innovating along these lines and building up JUP DAO, and appreciate all the Cat dets joining us on this journey!
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JemS3
March 19, 2025, 5:47pm
2
thanks @Arc87
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