Change Of Fee Distribution

Jupiter DAO $JUP
21

Let the loyal cats win more. Then Jupiverse will grow further, stronger and more sustainable.
Great ideas, brilliant explanation, well-thought-out presentation.
Kudos!

6 Likes
22

Great idea, and well laid out. :saluting_face:
Personally, I’ve been on the lookout for projects that share revenue to long term holders.
You’d be surprised how easy it is to hold a token for which weekly/(periodic) rewards are shared.

This proposal completely outshines current ASR, and will make for a more compelling incentive for perpetual holding.
Or perhaps, can be combined with with ASR :face_savoring_food:

6 Likes
23

replacing ASR, after the funds will end will probably be the best solution, because the team will have time to implement it

7 Likes
24

Good idea! Move to Proposals so we can vote on it? Proposals - Jupiter Research

7 Likes
25

你踏马真是个天才，必须狠狠地夸奖一下
Damn, you’re such a genius—you absolutely deserve some serious praise!

4 Likes
26

it is around 5% assuming a daily fee of 5% and a jupiter price of $0.7, so I was kind

5 Likes
27

I like the proposal, I’vent follow the math but looks great. What I would like see on any proposal is a mechanism that favours long term stakers. 30 days is not long and after getting the rewards many will dump.

5 Likes
28

Very thoughtful! It’s more than worth voting on.

3 Likes
29

I don’t agree with that. Do people drop their bags after getting ASR?
Well, not always. But considering extending the stake period to, say, 3 months would be a no-brainer.

2 Likes
30

I can do it?
Or the team must agree?

3 Likes
31

I like the idea, but reading the post made me think about it.
It’s true that buyback’s rewards in same way to short term holders and long term ones, but just in short term.
As I see, we are buying JUP to paper hands at a good price at this moment. If we belive in this project in a long term the actual system benefits to stability of the price for the future, softening the possible fall of a hypothetical bear market.
This can make a difference between surviving to a bear market or not.

3 Likes
32

bear market we are dead, if we fall to 0.10 during bear, it will take 500% during bull to make that 0.50, urgent emergency measures are needed.

JUP has problem it is given away for free 5 times a year

with that stigma its hard to convience anyone to pay cash for it. And thats only way it goes up.

there should be another utility behind JUP other than giving away more free JUP, its like giving away free flyers on the street, you will put away one in your pocket but if you get next one you will bin it.

I would like to see stats of all of the community leaders and Cats, what % of JUP is paid with cash in their wallets.

I say not many,well price says not many

5 Likes
33

This is really much better than the current buyback plan, how can we bring this up to the team

4 Likes
34

This proposal is only thing that can save us, Max you may just save us from worst fate then UNISWAP token has

4 Likes
35

oh yes! hope to see this proposal comes true.

3 Likes
36

I think maybe the earned fees should be split between both options.

2 Likes
37

There are three types of JUP stakeholders:

  • Stakers: Individuals who stake their tokens for 30 days

  • Non-stakers: Individuals who hold tokens but do not stake them.

  • Locked/vesting allocation holders: Primarily the team, whose tokens are subject to locking or vesting schedules.

There are two different strats for the money generated:

  • Buybacks: This approach benefits all three groups equally, regardless of whether the tokens are held or burned.

  • Returning fees to stakers: This strategy benefits only the stakers (the first group).

For someone like Meow, with 280 million tokens locked, using buybacks to reward stakers is extremely -EV (because he cant stake his locked tokens, he would see 0 of those $$$ that Jupiter is generating), while its extremely beneficial for stakers, who would probably vote Yes. So yeah, this is not even going to be voted for. Nice try though.

Welcome to DAO governance. You are allowed to vote for the logo though.

10 Likes
38

Well-thought-out, and I appreciate the time you and your contributors put in to make this as clear as possible, hopefully it will be considered

6 Likes
39

DAO is nothing more then how governments in real life work.

You don´t see any Work group Super cats, community leaders on this thread

Gravy train goes chu chu

What we need is basically to post link of this proposal everywhere on Discord and get holders that have 500-1000 jup ( 700.000 of them ) here to support this, we are not going to get support from those that hold 50.000-100.000 that got it for free by working for DAO

4 Likes
40

Bro you’re speaking facts here. Buy backs for sure end of the team who have vesting.

If you have tokens lock, you’re not concerned about ASR yield, you’re concerned about $JUP price

3 Likes