Proposal: Utilization of Unclaimed $JUP to Bolster Active Staking Rewards (ASR)

Jupiter DAO ASR
21

Incredible & well thought thru proposal. Hope those in charge like the CWG are taking note of such proposals to either reach a decision to start a debate which can lead to a vote.

3 Likes
22

Totally agree the best thing is to hold unclaimed tokens and have an additional airdrop.

2 Likes
23

Yes great idea. JUP 4 JUP, JUP in those who believe and are staked in JUP!

5 Likes
24

I believe the initial airdrop rights should be distributed linearly to those who are entitled. BUT How about distributing it to people who both earned an airdrop in season 1 and are currently staking JUP? This way, the airdrop would be distributed to those who are genuinely staking and using Jupiter.

5 Likes
25

Most people have moved their JUP to ledgers. So not a great idea as I doubt many kept their JUP in hot wallets. Distribute as ASR is fair though, easy to keep track of wallets.

How does one get their proposal to the voting stage?

1 Like
26

if the goal is for JUP to be the retail dex - and an iOS app is forthcoming - could a portion of the ASR rewards (say, 10% ) be set aside as a referral reward for new iOS users? to prevent current catdets from just referring themselves, maybe offer 5 jup for 5 iOS users?

1 Like
27

OK, just do it fast, our community can’t wait a great news

2 Likes
28

just bumping this proposal, to keep it highlighted amongst the new members, their thoughts on this is most welcome.
Cheers.

2 Likes
29

Appreciate this. Thank you! As we head into June, we have just over 5 weeks until the claim window closes and we’ll need to do something with the unclaimed JUP.

3 Likes
30

Great Idea, hwoever, i beleive it has alredy been agreed upon that unclaimed $JUP will be burnt? I think sticking to the plan is the best thig rn.

4 Likes
31

I hadn’t seen that. Do you have a link?

1 Like
32

I had a bit of a look around and couldn’t find anything stating about the burning of unclaimed JUP from January’s airdrop, keen to see a link to this information also.

2 Likes
33

I like this proposal. It would be right and fair to distribute these unclaimed JUP to loyal voters.

5 Likes
34

Hey, Great proposal. I would suggest, adding this pool to also reward people who have held their stake longer. Add a time component into it. This can be easily calculated by multiplying stake amount with time. This would further incentivize longer term holding vs unstaking.

6 Likes
35

100% should reward loyalty. will deter people dumping

6 Likes
36

Totally agree with this, great idea

6 Likes
37

I Like this :bulb:!! I think it makes the most sense for what would be BEST for the LONG TERM attempts to grow the Dao. And encourage more people to get involved…add more people with more ideas

6 Likes
38

Increasing the ASR pool with these tokens is a great way to repurpose/recirculate tokens to those that are actively contributing to Jupiter: be it those that held on to their AD token allocation or those that joined forces thereafter.

Suggestion: it would be interesting to explore further composability with other projects. This could work the following way: select a percentage of those tokens (e.g. 20%) and allocate them to top Solana projects/communities (e.g. Pyth Network) and/or rising stars (e.g. Sanctum). These tokens would be distributed to key community members (excluding OG members that are part of the team and with a cap on the token value $500 max each).

4 Likes
39

That’s the goal - exactly! Thank you for the support!

5 Likes
40

Agreed, sound good​:fire::fire::fire::fire::sunglasses::sunglasses::sunglasses::sunglasses::sunglasses:

4 Likes