Its up to the JUP team to kick the people who did wash trading. JUP team or those teams that specialize in sybil stuff.
But there are tons and tons of wallets doing clear wash trading using bots and those should be easly kicked by the team from the airdrop.
I believe that DEX volume (through all functionalities like swap, DCA, Perps, etc.) should still be the main % of the allocation. Those are the real products that JUP offers and those are the users that keep the platform alive
2 Likes
Why wash trading should be ‘‘kicked’’? Team pumps their metrics and earn money through the fees. Rewarding it with an airdrop however wouldn’t be appropriate and I agree with that.
1 Like
My proposed approach would prioritize product users. This includes activities such as, Swapping, Dollar-Cost Averaging (DCA), Value Averaging (VA), Perpetuals, Limit Orders, Ape, staking and Voting based on volume and usage over time.
Note: in my ideal world the every activity should weigh the same or very similar to another, i know a lot of people think swapping is easy but in my opinion we shouldn’t rank other activities higher than another’s.
We could also look at fee’s spent by addresses to engage with the protocol features.
2 Likes
I don’t know why projects and people talk about filtering sybils out, and think the best way to go on that is to focus on people that show up on social media when account creation is free.
Sanctum made that mistake, and it was sad to see.
3 Likes
First of all, JUP doesnt earn money on swaps through fees, its all free.
And when I mean kicked, is filtered through sybil for airdrop purposes
2 Likes
What people mean by filtering sybils on JUP is to not count obvious wash trading, volume done with bots, bots doing threads on Twitter,etc.
3 Likes
Distributing airdrops based on the volume criteria was and yet is more beneficial according to me for several reasons:
-
Incentivizes Active Trading: By linking airdrop rewards to trading volume, users are incentivized to trade more on the platform. This boosts the overall trading activity, improving liquidity and reducing spreads, making the exchange more attractive to other users.
-
Rewards Loyal Users: A volume-based distribution favors those who actively engage with the platform rather than users who might only hold assets passively. This approach rewards those contributing to the exchange’s growth, ensuring that those who help increase its market activity receive a fair share of the airdrop. Please bear in mind the main reason of the exchange is because of the transactions and without these or if this is to be eliminated users may seek other platforms.
-
Aligns Incentives with Exchange Goals: The goal of an exchange is to increase transaction volumes and attract more traders. Airdropping based on trading volume aligns with this goal, creating a direct incentive for users to participate more actively and making the airdrop program a tool for achieving strategic growth.
In general, airdrop distribution based on trading volume helps to create a more active and liquid marketplace, supports loyal traders, and ensures that the benefits go to those who contribute to the exchange’s success.
6 Likes
If “swap” volume is being consider people and bots who might not know about jupnuary will uncontrollable earn 80% of the rewards. 90% of people on solana uses jup.ag to swap, it will be over diluted if it base on swap volume instead DCA, VA, limit orders and Ape. Jupiter have alot of products now to previous jupnuary, the last jupnuary favour swap volume but now let other products enjoy the benefits of Jupnuary.
5 Likes
Think about those who missed the first airdrop, got in hard on swap, bought Jupiter and staked.
7 Likes
They will still earn a reward if they stake but the rewards on swap should be linearly distribute to everyone not base on volume if it base on volume some small volume will go home with just a jup but if they stake and uses others Jupiter products they will still earn from that products usage but for only swap it’s obviously “diluted”.
6 Likes
The features you are talking about are essentially transactions like swap which contributes to the overall volume of transactions according to my understanding so any transaction which increases with the ways of volume, swap, limit order, VA, perps are to be favored, what I am saying is that at the end what will matter would be the overall volume generated.
7 Likes
I think using the volume on the products has a whole is the best way. So not only count the volume of swaps but also perps, dca, etc.
But remember that is uo to sybil teams to kick volume done with bots/wash trading
4 Likes
The problem with the selling and staking the initial airdrop is the consolidation factor that you won’t be able to account for.
Removing sybils is key 100%
4 Likes
Yes, of course sybilling should be prevented but there are also honest people using these swaps, perps,dcas,etc, sometimes losing sometimes gaining but also have much expectancy on the airdrops. It would be unfair to those people if at the ends of everything and especially when the jupuary is close the rules of the games are significantly changed. If it is to be changed then it should have been done preferably in the beginning of each season.
4 Likes
But what rules exactly? If someone did wash trading, they deserve to be kicked for trying to game the system. If they did natural volume on all products, they deserve a good airdrop 
3 Likes
Sanctum did well regarding this, wouldb e nice to see JUP do something similar
2 Likes
But 50% of the allocation was wild
3 Likes
I got lucky so im slightly bias, i think it might make people be more earnest during S2 - we’ll see
2 Likes
You raise valid points. High-volume traders often have access to significant resources, which can result in airdrops disproportionately benefiting those who are already well-off, rather than fostering inclusivity. A tiered rewards system could address this issue by offering rewards based on lower capital thresholds, as a result encouraging broader participation and community membership. However, this approach may inadvertently reward sybils, which is a potential downside to consider in my opinion.
2 Likes
The main criteria was to use the products as much as possible. It is currently in every blockchain like this as this is the main purpose and primary existence of the decentralized trading platforms. High volume traders have the right to ask for a bigger portion of the airdrops when compared with other adopted community members who are not using the platform at all or using it very less. However, if other users participated in promoting the platform or worked for the success of platform in other ways they can also be rewarded as well. I am after a tiered rewards system where all of the contributions are taken into consideration.
4 Likes