Idk if it was here but someone said wining the popular vote but loosing the election.
It would be interesting to see a mechanic implemented that makes ppl with smaller stakes have equal votes in issues that maybe do not pertain directly to ASR but probably not.
This next vote, after the fun one is going to be more heated than Kamala vs Trump.
But with the same results im thinking. Overwhelmingly to one side.
Either way. Jup is a gift. They did not have to do any of this. Could ave gone the way of many other projects and just farmed the users too 0.
The reason why i personally believe in Solana long term is that i have never seen so many opportunity’s for a regular person to get in on the ground floor of something big with just 100 dollars. 0 other chains have ever been so readily available to retail. So yeah i feel some type of way about the chronic Gate keeping that also plagues this chain.
Cabal out.
Chads in.
Few understand this paradigm shift has already been happening.
Almost exclusively on sol.
Jup has an opportunity to be the fucking mascot token. For every major thing that has happened on solana in the last year. The fact that users are trying to keep that insulated and in the hands of fewer ppl. Is literally how retards are made.
I think that this is the risk of any DAO. Those most interested in being part of the governance and with the most resources to do so are going to buy in big. This enables them to influence the direction of the ecosystem. If you are committed to a DAO model of governance, you will always be beholden to those who commit the biggest financial stake. Like it or not, DAO voters are the ones who are contributing the most to the ecosystem. They may not be in Discord 24/7 but they have significant financial stake involved. These are the people that were likely there day 1 that did not dump all their tokens but accumulated over time. And why? Well, because they believed in the rewards of doing so. Now it seems that the community wants to do an end run around those people? I don’t get it.
Good take but it’s also worth looking at who was airdropped their significant stake vs who bought in with their personal funds and then staked.
Willing to bet there is a substantial distinction in this. receiving a decent sized airdrop at a time when meme coins were only first really growing in popularity and volume on Solana and then leaving it staked sounds like circumstance more than virtue. having received this airdrop when things like $wif were trading a 5m mcap was a fortuitous coincidence of occurrences. I see a fair point in people that have large vested stakes in JUP being highly influential in the governance of the project.
They are not the sole providers for growing the pie. If I’m not mistaken it’s called JLP and not JLS.
actual coin to track the value added to the exchange via perps. it has only gone up. as a new user coming from a max of 5x leverage on CEX exchanges. This was a very interesting feature to engage with. Receiving any type of reward via JUP for having traded perps (I definitely had no idea about jupuary or thought I would ever be eligible for any airdrop) would give me an experience worth conveying to people that simply do not understand defi