Proposal for Distribution of the Unclaimed JUP from ASR Session 1

Hi @Jaam, I should apologize for coming in too hard on that reply. It’s easy to express our deeper emotional selves (which can be intense) when communicating on these digital channels.

I think you guys are all reasonable and of intelligent minds.

My latest post/reply sums up my case. Unclaimed ASR reward to go to next round - #37 by Pandamunk. And the discussion during town hall today was positive.

I did have a suggestion regarding determining whether “most people claimed”. We should look at wallets claimed number from total and not JUP. As well as distribution of unclaimed Jup among those wallets compared to claimed wallets. I’m curious what can be learned there about our most engaged audience (those who voted).

But if it is true that most claimed. Then it would be more accurate to say the majority excluding the minority (to my prior point). Which I don’t think we want since our larger total addressable market is likely diverse.

In regards to circulating excess, I think its fine. But we should always consider our audience in any schemes from the start (as we already do)… but intentionally try to be more inclusive. We should look to ensure delivery of promises unless there is a good reason to sacrifice. Communication should be clear (and early when possible) before an energy trade begins. When things change and perceived promises are broken… there should be a really good reason for that. IMO this would lead to higher community participation. When trust is nurtured and protected. Which I know we all try our hardest to do.

1 Like

sorry i am new to this whole thing i stake jup about 6 months ago and want to find out how much i staked and what was given to me for doing this and read up how thing will work going forward or a forum where i can obtain more info
thanks in advance for any help

2 Likes

This post should help you:

The basic concept is that you stake JUP, you vote in the DAO, and sometimes you get rewarded for participating. The process is still under development so it may change in the future.

2 Likes

If you stake jup you will need to participate in voting system before you can get a quarterly reward which is known as ASR(Active Staking Reward) if you stake jup without participate in Governance voting you can’t get any ASR rewards.

4 Likes

Thanks for sharing brother!

2 Likes

I think it’s a great idea. The tokens were already allocated for ASR rewards why not put those tokens in the hands of those actively participating in the DAO. Again it just rewards those who are committed. Great write up!

3 Likes

I vote yes :heart_eyes::heart_eyes::heart_eyes::heart_eyes::heart_eyes::heart_eyes::heart_eyes::heart_eyes::heart_eyes::heart_eyes:

2 Likes

I think this idea shared by the OP is great, and it turned out the Jupiter team were of similar thoughts, which led to a proposal here:

2 Likes

Thanks! Really appreciate it.

1 Like

thanks, I appreciate that- the team did do something somewhat similar to the JUPuary tokens.

1 Like

I don’t think that’s right to assume that for the first claim, sorry i got airdropped jup, stacked it and voted for all proposal but don’t have time to follow every post on discord or twitter, we have a platform to vote, it’s like a condensed version of what’s going on. Never heard of asr before september.
Since the beginning the idea was participate (vote) and get rewarded which i thought would be airdropped tbf not claimdrop