Unstake shouldn’t be made to take 7 days, but instant. For example Unstake shouldn’t take 7 days, but rather instant. For example: instant unstake with a certain percentage cut. All unstake deductions (from all users) are used as rewards or for the jup ecosystem.
Hey,
I understand this,
team still looking into it, but for now it has been reduced from 30days to 7days without any penalty.
Thanks for the suggestion.
2 Likes
Disagree. I think the 7day cooling period helps combat fomo and bad emotional choices resulting from fud or market conditions.
The 7 days gives the community time to prepare for a whale dump aswell. If some sold 1,000,000 jup onto the open market it would create a huge imbalance in liquidity as JUP is pretty light on active liquidity.
I would support a small fee for skipping the unlock period. Let’s say 1%
I respect and appreciate your idea. Maybe you can shed shed some light on your reasoning. I am all for what’s yours is yours and it’s wrong to gold your tokens hostage. But maybe in the future it would make more sense.
Great conversation.
3 Likes
any penalty? ..7 days unstake process without penalty?
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