As of the last Jupuary airdrop, 220 million $JUP went unclaimed. To maximize the impact of these tokens, I propose reallocating them to fund the next 4 quarters of Active Staking Rewards (ASR). This would not only incentivize long-term staking but also put positive pressure on $JUP as a governance token.
How it will work
Unclaimed $JUP Allocation:
The unclaimed 220 million $JUP should be split evenly across the next 4 quarters, providing 55 million $JUP per quarter for ASR rewards.
This will ensure consistent, strong rewards for those actively staking and voting within the Jupiter DAO.
Increased Un-Staking Period:
Given that previous ASR distributions have been set at 50 million $JUP, this proposal suggests extending the un-staking period to 45 days (from 30 days).
This longer un-staking period will encourage continued commitment to staking, making the increased rewards sustainable while preventing rapid liquidation of the extra 5 million $JUP.
Incentivizing Governance Participation:
With a larger $JUP reward pool, this proposal will further incentivize participation in staking and voting, ensuring $JUP remains a strong governance token.
The extra rewards will encourage more users to stake and actively engage in governance, strengthening the decentralization of the ecosystem.
Benefits
Consistent Rewards: By evenly distributing the unclaimed tokens over the next 4 quarters, we provide ongoing motivation for users to stake and vote.
Sustained Staking Commitment: The extended un-staking period incentivizes long-term participation in the network while keeping the extra rewards balanced.
Positive Pressure on $JUP: This proposal will help reinforce $JUP’s value as a governance token, driving demand and reducing supply available on the open market.
Brilliant work and proposals here, Lochie. The document provides clear and detailed suggestions on how the 220 million JUP should be allocated towards ASR. However, I was wondering if you’ve considered the fact that both the amount of staked JUP and the number of JUP holders will increase each quarter, which would result in the ASR share decreasing proportionally.
If that’s the case, instead of dividing the allocation equally over four quarters, wouldn’t it make sense to allocate 55 million for the first quarter and gradually increase it by an additional 5–10 million in subsequent quarters? This approach would help maintain a fair ASR distribution, compensating for the increase in participants over time.
I understand the question of how to top up the final quarter may arise, but we could potentially use unclaimed JUP from 2025’s Jupuary, along with any unclaimed ASR, to address this.
Awesome proposal man. Eventually, someone had to come up with this proposal in an official way, and who would be more suitable for it than loochie ?
P.S.: I would even agree with that extension for the “un-staking period” from 30 days to 45 days. When a project comes to this level of trust like Jupiter does, 15 days in addition to unstaking are no biggy for me
Great post friend. I would definitely support this. I would support the $JUP token so that more real people become interested in the long term and the construction of the DAO. We would have about 15 more months of voting, which means more ASR and more people involved.
I like the idea of getting higher ASR pool, especially when you combine it with the longer staking period. This emphasis a mechanism where true Jupiter believers will be rewarded more.
The current ASR in terms of JUP is something like 18,5% per quarter for who ever votes all the proposals but it only increases the circulating supply with 3,7%. This pretty much means that people who only hold JUP suffers 3,7% inflation while active stakers get 15% ROI after the inflation, per quarter. The actual inflation is higher most likely as I’m assuming there are some tokens constantly being unlocked to fund the team, working groups and running costs etc.
15% per quarter is crazy good but to be honest it can’t be sustainable unless there is a trade off. Currently the trade off is 30 day unlocking period but as you can still vote for ASR during the unlock period (with diminishing voting power), it is still quite much. The ASR pool could go even to 75-100M if the trade offs are set properly (the JUP reserves are deep so we don’t have to solely rely on the unclaimed jupurary JUP). I would like to see a ladder where the longer period you choose to stake, the higher your rewards will be. This would reward the true long term believers the highest while there would still be incentives for people who are not willing to commit that long term.
very reasonable. ““I would like to see a ladder where the longer period you choose to stake, the higher your rewards will be. This would reward the true long term believers the highest while there would still be incentives for people who are not willing to commit that long term.”” I will save this point you mention for the future.
This is awesome proposal while people who stake for long time get higher allocations to people who only stake to vote. I think by or before next year jup will have a lot of people joining daos more too what we’re having now.
Well said down to every detail. I was an owner of a decent amount of those coins! Newbie and a trip in the mountains screwed things up. I love the proposal it makes quite a bit of sense for Jup goals.
I’m not always active on discord because I believe 90% of discord members are retailers.they already have basic knowledge regard the rules and People always propose base on their suite. Imagine member of the group who have a cat of culture and catdet role doesn’t know what Jupiter poap is🤷. I hope they don’t dilute jupreseach forum in the future but more knowledgeable members are also on discord as well.
Actually i would agree on all 3 points proposed and fully in favor that it should spread over a longer time-frame. As spoken in:
some of this allocation could be used to onboard new people into crypto or crypto people from other chains via giveaways and we know there can be many ways how we can do that
Great proposal but what did you think could happen if daos members grow up to 5Million daos members in the next few years, how will 55 million jup sustain the ASR program.
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