$MET Airdrop for JupDAO

Jupiter DAO
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Hello everyone, been a while since I’ve posted here! Hope everyone is doing fantastic!

On the topic, I was kinda curious why haven’t the Jup or Meteora team addressed the involvement of the JupDAO members in the upcoming $MET TGE scheduled for october. IMO, whether we will get the airdrop is out of question (it would be mindless to think that parent company to Meteora does not get allocated with a generous portion of the supply), but rather what will be the deciding factors in user eligibility, and whether or not the amount of staked $JUP will play a role in amount of $MET tokens airdropped.

From my perspective, it would be best to have some minimum margin for the allo (500 $JUP staked minimum for example), and that everyone gets the same allocation, regardless of over the top amount of $JUP staked they have. Something similar to the $WTC drop we had, in order for every community member to eat well. This is coming from a non-whale member of community.

Feel free to add/post suggestions below, looking forward for an open discussion, cheers!

JUP is HOME.

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Jupiter UpLink X page just uploaded a tweet announcing JUP stakers are eligible for the airdrop (Tweet), but the question stays the same for the latter part of post.

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As much as this would benefit me personally, I can’t see the link.

$MET is for Meteora users and that’s what all the token allocation should be focused on.

I cannot see how JUP stakers align with people LPing on Meteora.

JUP staking is risk off (single asset, non active position) and LPing on Meteora is very risk on (multiple assets, active positions). There’s not a heap of overlap in users and anyone who is doing both will be in line for MET tokens anyway.

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Actually James Bond soju made it very clear that the idea behind involving JUP DAO was to grow the LP army and allow more people to experience the benefits it offers especially in terms of fees. Since both teams are closely connected, and Jupiter is essentially the parent company, his intentions clearly serve the best interests of both communities.

In fact, concentrating a large portion of the airdrop among a few individuals carries more risk than distributing it more widely. A broader distribution brings in more participants, helping to expand the ecosystem. It also introduces new degens to the concept of LPs how they work, and how they generate yield. Given that this is an airdrop, people are more likely to take the risk to learn and engage, which ultimately benefits Meteora as well.

It’s also worth noting that every token in the market carries some level of price impact and risk this is inherent in crypto. But with thoughtful distribution and aligned incentives, everyone has a chance to grow together.

in concise even im finding difficult to understand why spectators try teaching and advocate teams Honestly, I find it strange when spectators try to tell teams what they should or shouldn’t do. This isn’t really a topic for debate outside of Jupuary, which is specifically tied to Jupiter, Everything beyond that has been carefully planned to serve the best interests of both communities. Outside of ASR still enormous opportunities still left.

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I support the minimum jup staked like 500 or 1k jup but they should make it linear. Users who staked 50k jup deserved more rewards to someone who staked 700jup token. What matter should be time weighted or reward Top 5% stakers that staked at least minimum of 90 to 100days.

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They already hinted that staked duration will have much, much more impact than the amount staked in the allocation. These news actually raise my expectations just because I staked my first Jup ever since the DAO release some ~1.5 yr ago. Our community might actually have quite a decent drop from Meteora.

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Bigger staked + long weighted= larger allocation, let team introduce threshold like 1k jup staked to qualify and everyone will go home happily.

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Hey bro here’s all the info that’s public right now

There will be a planetary call out in a few weeks announcing allocations and every key detail ect

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Hey @lochie2001 , been a while :man_raising_hand:

I’ve seen all of the info, will update the post accordingly when new info comes out!

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Linear rewards work best.

Kamino went linear. There was lots of fake outrage. It’s been up only for Kamino ever since. Nuff said.

Pretty much all projects that try for wide distribution (in the false assumption that this will onboard more users) get farmed and are down only.

I stand by my analysis that JUP stakers shouldn’t get any of the MET airdrop.

Crypto doesn’t have a lot of net valuable users, so Meteora should focus their tokens on those users who are using Meteora and who are driving fees. If you follow the Kamino model that will result in the best outcome for the protocol.

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You said the same thing during Jupuary, arguing that stakers shouldn’t be part of it. Yet, 70 million JUP was sustained through staking, and another 420 million jup was distributed to farmers. And look at the result the token price dropped drastically to its lowest point. That’s exactly what happens when you overly reward farmers.

Met Points are also essentially a farming mechanism people earn both ways fees and the airdrop, but the main incentive is still the airdrop. If this ends up like what happened with JUP, I doubt any serious project would want to handle their TGE so carelessly.

Locking JUP demonstrates commitment from both the team and the users. That’s why I think Meteora’s approach is much more aligned with sustainable, long-term goals.

Even though we arguing, it’s clear this won’t lead to any conclusion and dragging it on endlessly isn’t a real solution either. Soju has already made it clear that the TGE is happening. Pointing fingers at others won’t get you anywhere. And just for your information, a TGE with linear unlocks will likely end up the same way Scroll and zkSync did.

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I am a staker. And I did argue against too many rewards directed at stakers.
That shows you I’m very genuine in wanting the best outcome for the protocol
I’d argue that stakers rewards contributed to the price action we’ve seen.

Kamino did linear rewards. From the KMNO launch to now Kamino TVL has increased from 1B to nearly 3.5B.

But… Jupiter didn’t do liner rewards and if we plot TVL from JUP launch to now Jupiter TVL has increased from just under 400M to just over 3.5B.

In both cases though the price performance of KNMO and JUP is poor. Even poorer considering the SOL token has nearly doubled in price over the same time period (JUP and KMNO launched near each other).

So, in a way, both teams (Jupiter and Kamino) have done well as they’ve been able to drive excellent TVL growth with their token. If we use TVL as a rough estimate of fees that means they’ve been able to increase protocol revenue.

The smartest thing seems to have been to have sold KNMO back into SOL after each airdrop and redeployed back into the protocol to farm more rewards, and in doing so that has helped drive more fees for Kamino.
For JUP the smartest thing seems to have been to stake back into the ASR… but the ASR doesn’t drive any fees.

This is what I’m worried about as goes staker rewards on Jupiter.

Yes there is a token boost for KNMO staking but it’s not big. Most of the points come from active positions on Kamino (that are fee generating) and Kamino has adjusted the points boosts each season, in line with their overall strategy, and published guides on how to best optimise points.

To date the driving force for staking was to incentivise voting and governance participation, which has happened (the Kamino Foundation DAO is barely a thing in comparison), but there’s no direct connection to the product. I see a few product discussions on the forums but mostly it’s about staking rewards and loyalty allocations.

Now that the ASR is suspended, and possibly staking rewards as we’ve known them are nearing an end, what happens next?

Kamino has always leaned into revenue generating incentives and leaned away from pure staking boosts. There’s a world where they can profitably keep buying back KMNO and redeploying into incentive schemes indefinitely (or they can at least extend incentives much longer than Jupiter).

Can Jupiter do that? Yes they can but staking incentives look a lot different in that world. You won’t get tokens for simply being staked.

NB: Scroll and ZK Sync are jokes. Everyone knows that. There was no organic usage what-so-ever on either chain. They aren’t examples of anything but teams ripping off VCs (and thus making it harder for legit teams to raise)

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In my humble opinion the threshold should be exclusively high to make it juicy for real stakers not random stakers.

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Well I only started with 100 jup and I staked it over a year ago and haven’t touched it…so I don’t expect anything at all..there it is..the rich will always get richer and the people like me that don’t have tons and tons of money just sit and do what we can, I also had some skin in the game in met when it first started so I have some points from early 2024 I seen there but I don’t expect anything there either really…

Look I don’t have a lot…but my jup won’t move from here for probably another 10 years..

It js what it is

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Hey Lochie, any development here. It’s been a few weeks? Can’t find anything relevant about the ASR, claiming yes/no for the past 3 months. Has this been scrapped? Am not on X so am not able to read whatever is posted there. So please let me know on this platform. Thks

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Regarding the ASR, you can already claim your part on Vote | Jupiter under the ASR section.

Regarding the $MET airdrop, we will most likely get everything cleared up this Wednesday by the Meteora team themselves. Make sure to keep an eye on their official twitter!

Regards,
SolSixties

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Thanks for clarifying this. Appreciated! Look forward to reading more about it. Hopefully on this platform as I don’t tend to use the third party platforms like twitter/X etc.

Regards, Zephyr

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3 things are coming to $JUP.

  1. we are scaling down the DAO. the DAO will focus on major important decisions moving forward only, tokenomics, for example. no more workgroups. we need to refocus on products and most importantly growth.

  2. we are cutting the unstaking window from 30 days to 7 days.

  3. we will be voting to burn the current JUP buyback (total over 121m tokens ,~1.7% of the total supply, ~3.8% of circulating supply). for future ongoing 50% revenue buyback, we will discuss on how we should do with it.

Stay updated

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Quick question about $MET Airdrop. I’m lucky enough to be eligible but was wondering if the NFT had to be claimed or if it will be dropped directly into my wallet?

Thanks

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You will get updated when it is time

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Ok thanks. People who will get $MET by airdrop (ie non JUP stakers) have already been updated…

If I well understood, one of the interest of the Liquidity Distributor NFT is to be there during the first minutes (fee scheduler), I’d like to be sure not to miss the opportunity.

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