I like the idea of working towards no voting blocks. It reduces the feeling of it being “useless” to vote.
Something we do need to figure out is the value of staking. For having my tokens be stuck for 30 days, it would be nice do have some proper reward. Since there is no APY, it makes me not want to stake it too much, or I’m always anxious when it staked. I know there is possibility of airdrop, but what next when airdrops are not available anymore. We need to think of this. Also the 30 days feels a lot, especially in crypto world where things move very quickly.
This is true, but…
For example, I count with myself, now I have 15,000 jup
When the voting starts, the community will lock their own tokens in the voting, and when a large number of tokens are locked, the supply of tokens will naturally decrease and cause the price to increase.
I say to myself, how much will they give me for 15,000 during the voting? It’s better to not participate in the voting and be ready for the price to go up and sell my tokens instead of locking my tokens for a small prize for 6 months.
Locking tokens is for the good of the community. It’s to create stability for JUP. If you want to trade tokens, awesome. I enjoy that, but those are short-term investments. The JUP DAO is a growing community. And a long-term investment. That’s just my opinion. Unlocking tokens right away and being able to sell them does not help our community.
I think there will always be a balance of people who are ready to hold long term and of the people who have shorter term goals.
The most casual users or aggressive traders will probably never stake because they anyways hold their tokens in a CEX.
Some could also argue that the potential rewards from staking could have a higher value than the expected rewards from day trading. Then there’s also the actual functionality of the DAO which let’s you give your vote on the projects - I believe many are staking for this purpose as well.
Not everyone is a long-term holder, dear friend.
Everyone who did not come to be a member of the community. They Come take advantage of this opportunity.
You are very dreamy and think long-term
Not vesting the rewards and letting voters have their tokens from day 0 is actually the best move. It keeps the system simple and respects the diverse strategies of all investors. Some people are in it for the quick gains, while others have a longer view in mind. By allowing immediate access to tokens, we encourage a more active and engaged community from the start.
Immediate liquidity benefits everyone. It lets those looking for short-term involvement exit when they want, which can also provide buying opportunities for the long-term believers at market-driven prices. This approach supports a natural balance in the ecosystem, fostering a dynamic market where supply and demand dictate value without artificially holding anyone back. It’s about giving choice back to the investors, which can only strengthen the project’s appeal and potentially its success.
Simply put, by vesting, you’re creating unnecessary selling pressure on the project which could be simply cleared off it was immediate resolved through FAIR market. Please think about this and consult the DAO before solidifying on this. We can do a DAO vote on this, if necessary.
Hi guys! I’m England, a JUP contributor who has recently joined JUP DAO and is also a part of Curia, a team dedicated to enhancing the DAO ecosystem. We’re keen on contributing to JupiterDAO and are currently exploring ways to help improve JupiterDAO. One of our ideas is to help build a governance dashboard for JupiterDAO to improve its governance accessibility and transparency within JupiterDAO. Our aim is to simplify complex governance data into clear insights, encouraging informed decision-making and active participation. The dashboard will feature analytics on voting patterns, participation rates, voting power distribution, and proposal dynamics. We’re eager for feedback from the DAO community on this idea and any suggestions for improvements.
Maybe have enhanced weights for community involvement? Set up a portal where holders can enter their socials. build a sort of scraper that can then search out those socials for JUP or JUP related posts/interactions.
Set some minimum thresholds and then apply a small modifier for each different social the user interacts with on JUP’s behalf.
Twitter (X): 0.2 X
Insta 0.1 X
Meta 0.00005 X
Reddit: 0.1 X
Something like that.
So these modifiers could be added to the ASR calculations at the end of each quarter.
Sometimes quantity is a quality of it’s own. I guess i’m saying that we might not get a whole bunch of MEANINGFUL interactions…but we will get some, and the mentions and general volume of those tags/accounts could bring outside eyes to our ecosystem.
How many active wallets voted in round 2? more than 400k…pig pile those accounts on a JUP post and everything we do could be trending…even more than it usually does lol…hopefully
Voting as a fundamental activity is a good starting point…but what we really need for adoption is those active voters to go out and scream it to twitter every time our crush on Meow grows a bit more
Engagement is what we need. active voting is just one part of that.
Great post and i think this subject deserves the attention of some of our big brained community members to help us flesh this out into something the community can embrace…we shouldn’t have to sell this concept, it should sell itself.
I agree. Engagement go up is a good goal. I also think that active voting creates a good baseline and the community is already much more engaged and active.
But we need to think about what “good engagement” is. The issue with incentivizing social media posts is that everyone is already doing it. Many projects use tools like zealy to give users points for posting stuff.
There is lots of competition (because many projects compete for attention), it can be botted and it can look botted / farmed to outsiders.
Maybe there is a different way to think about this. What could we do besides creating more engagement with the outside world?
If there are more and better ways to engage in the jupiter community it will also attract more people. And it will happen more organically. Think about the kind of parties that people want to go to.
Those are not the ones where people are paid to hand out flyers on the street for.
People want to go there because the experience is amazing.
