Proposal: Utilize Excess Jupuary Tokens for ASR [DRAFT]

[Bluebird]

@meow

The team strongly recommends Option #1. ASR has been successful in rallying the community around every proposal, discussion, and vote. Continuing ASR will allow the Jupiverse to continue to grow as the largest PPP community in the world.

We hope the DAO can consider the options carefully and make the best choice for the Jupiverse.

The ASR program have been a great example of PPP Experiment, funding the next ASR with unclaimed jup will enhance more alignment.

[georgegr]

Another year of ASR of course .
I vote for #1

[BTC]

1. Great!

• Guarantees active DAO for at least 1 more year
• 1 year lock-up of 375mil JUP to claim max JUP from ASR

2. Why?

• 3 billion $JUP already being burnt
• 1 year lock-up of 375mil to 800mil JUP is better than 215mil burnt
• 200mil being used to improve DAO is better than price increase from being burnt

[swaglordman]

solid options across the board; would be happy with any of these winning tbh!

[MediocreUnicorn]

Mambo nr1 for me We need to activate more community and encourage them to vote for their future!

[matto]

Siding with the team on this one for sure: option 1 FTW!

can we as a community discuss potentially increasing ASR to keep up with growing ASR participation and inflation?

We could use 10M excess JUP to bump the current quarterly ASR allocation of 50M JUP by 5% to form a total of 52.5M JUP per ASR quarter in 2025.

That would still allow the DAO to receive 5M JUP to be put towards additional funding next year.

I bring this up cos of the less than expected utilisation of funding this year. There’s a strong likelihood of surplus funding that can be rolled over from 2024’s DAO budget into next year’s 2025 budget.

would love to hear some thoughts

[ayjagun]

Thank you for the write up Meow. I’d be going for option 1. ASR is PPP!! LFG

[trademantiz]

I’m in support of using unclaimed J.U.P to fund 4 more quarters of ASR. J4J all the way.

[BricePol]

Nice proposal but i throught the 15,461,850.21 would be used for rewarding the DAO during this first year.

For me, we should be burn this 200M++

Lot of nice things are coming until we reach 7B jup is circulation and we should take every opportunities to burn a bit of supply

[arvarm]

it depends if these are additional ASR from what was already planned for then I’d vote for option 1 else Let it Burn !!!

[lochie2001]

I’ll 100% be voting for asr sounds.

Great write up meow!

[DanikaHollandaise]

It’s amazing that we get to comment all over these proposals. This is the magic of the JUP DAO!

While I want to suggest a burn, I feel I don’t have near enough JUP in my bags yet haha. More than that, the process of staking JUP and voting brings great joy. I love being apart of the decision process…and also enjoy small rewards from it. Having ASR continue will entertain more users and give them something to get excited about. I say onward and upward with more ASR in the future!

[Mbolorman]

An excellently crafted proposal; concise, clear and perfectly capturing everything discussed in recent planetary calls, DAO debates, Discord, X, and beyond regarding the direction of the 215M JUP. Personally, after carefully listening, reading, and analyzing all the options, I have made my decision and am ready to cast my vote. Let’s proceed with the vote! I’m excited to support Option 1 and encourage everyone to participate, as these pivotal moments define the essence of a DAO. Kudos to @meow and the Jup team for ensuring such an important decision is democratically handled. It’s truly inspiring to see what we’re achieving together in the Jup DAO.

[Geo]

I would vote for option 1 cause I love ASR!
One question : what was the initial plan with ASR : ending it after the first year or find funds for more?

[KDay]

So i have a interesring idea why dont you burn the 15 million left over and extend the ASR for a year? I know its not much of a burn but small burns periodically end up being quite substancial?

[KDay]

I will be voting for the extension of the ASR, I feel as if it’s a great way to encourage engagement ,active staking and voting in the DAO proposals.
as well as inspire future lfg projects to include incentives to the ASR to there projects

[Bujazy]

Burning the unclaimed rewards has a lot of benefits to the tokenomics and supply reduction.

This soon into the project i believe that helping the community expand through the ASR is equally if not more important to sustain organic traction for the great moment JUP has, i believe the majority have a long term dedication…

This is an interesting vote looking forward to see the results…

[brainheart]

I vote for option 1 as it rewards voters who help to democratize decision making on JUP and SOL.

[Fishy]

@meow

d be distributed to JUP voters. This would ensure active engagement in all DAO related topic

i do agree with the team to use the remaining tokens for ASR, this makes the most sense for further building of the dao and incentivizing those that are actively participating.

my opinion on the remaining tokens (option 1) a burn for the remaining 15 m tokens would not be a bad idea

[brainheart]

I prefer option 1 because it rewards members that vote and contribute to the democratization of JUP and indirectly SOL.