- Overall, the math behind this type of investment is more than acceptable — even just for the sake of experimentation, as you say.
- Here, however, I have a different view — I believe the majority of participants need to receive at least some basic education and understanding beforehand. Testing the concept? What if it follows the scenario where the purchased token significantly drops in the first three months and only potentially brings returns years later — would that still be considered a viable concept? For me, yes — because not everyone understands or is willing to wait. Overall, all DAO members should be aware that even a negative result is a normal outcome when it comes to venture investments, and such risks are inherently built into every investment. That makes it easier to accept them. We shouldn’t base our approach on the idea that “if the first project works, then the concept is proven and we move on.” I read Meow’s post — honestly, the relationship alone is a good enough reason to support the vote.
- Maybe I didn’t communicate this clearly enough, but my point is that with each new ASR distribution, the whale voters become stronger, while the smaller holders lose even more weight in the voting process. And I’m still unclear: is it the numerical majority of participants that makes the decision here, or are the whale votes enough to determine any outcome?
- Holding certain tokens, I have only two tools — either use a stop-loss to avoid sitting in deep losses with unproven coins, or hedge by opening short positions, if such a feature is available on exchanges. When I don’t have tokens — only shorting remains. And if shorting is not an option, then I rely on charts to assess where I can take on certain risks. In our case, though, there are no charts, nothing to analyze, no plan to buy more or average down. The only thing left is to hope for a good initial entry price, the benefits of a shorter lock-up period, and treat it as a classic long-term investment. Everything will still depend on how much sell pressure hits the market at launch, and how well the project founders are prepared for that.
- This is 50/50 — you can’t evaluate future decisions based on just one project. We need data over time. If the project is successful, there will be opportunities for similar partnerships in the future. But if it’s unsuccessful — does that mean the opportunities disappear?
2 Likes
As a Jup staker, I am optimistic
1 Like
We marketing Beer in 2026?!
Let’s GOOOOO!
1 Like
Sounds good! I believe in the team
1 Like
I support this. Great meeting the team at Catstambul.
1 Like
This Huma token swap isn’t about treasury economics the way many are framing it — it’s about value alignment, not financial return.
I encourage everyone to read Meow’s latest Web4 essay to understand the direction the team is heading.
The core idea is this: JUP is not a value accrual token. The team is not optimizing for price or treasury growth — they are optimizing for network alignment. Whether the Huma token goes to zero or 4x, it does nothing to strengthen the JUP treasury. That’s the point — and that’s what many are missing.
The purpose of a social money is not to extract value, but to express belief and create coordination.
I used to push for more utility, yield, and accountability — but I’ve come to see that Jupiter is not a protocol with a token - It’s an experiment in curated coordinatiol.
Projects like Huma are chosen because they fit the long-term story Meow is telling about social monies and decentralized trust — not because they boost short-term token metrics.
To really understand this shift, it helps to look deeper at how social monies are meant to work. As Meow writes:
“The true power of money lies in its ability to affect social engineering, far beyond its conventional economic functions. By thoughtfully designing its form, issuance, and the rules governing its use, we can create targeted incentives, foster cooperation, and coordinate actions to address a wide array of complex societal challenges.This often involves creating systems where the currency itself embodies or directly rewards the desired social outcomes”
In simpler terms: money isn’t just about gains — it’s about shaping behavior and enabling aligned communities.
This is what the Huma alliance is about — not treasury performance, but alignment and belief.
So for everyone out there: don’t look to this proposal for economic incentives — not for DAO members, not for JUP stakers, not even in terms of how much Huma anyone can buy. That’s not the reason we’re being asked to vote. This is about shared direction, not shared profit.
Adopt a zero-expectation mindset, and you won’t be burdened by the disappointment of unmet rewards.
I’m working on an essay that dives deeper into my own shift in perspective around JUP and what this new framing means for all of us. Until then, I hope this helps reframe the conversation.
3 Likes
This has left me with many questions on specifics.
What exactly is “the larger the stake the larger the allocation”? Has that been worked out yet? Say I have 1,000 staked JUP - what would my allocation be? Is it linear? I.E., 3,000 staked JUP gets 3x what 1,000 JUP would be? Or tiered, with multipliers when passing certain thresholds, such as 10,000 JUP gets not 10x of 1,000 but 20x, for example? Would be good to know in advance how much capital i should have prepared if i want to buy my max allocation.
When is TGE expected? With time running down on the current cycle, i fear it might be too near the start of the bear, especially since we’ll be locked for 3 months beyond TGE. Dont get me wrong, id be planning on holding Huma long term, its just that it would suck to get this generous presale discount, only to see the price drop even further very soon after during the bear anyway. (hopefully Huma’s utility as a PayFi network will make it more evergreen than most cryptos and we won’t actually see as huge of a drawdown between cycles).
Also, Huma’s site talks about how a big part of what they bring to PayFi is compliance, how they have rigorous AML checks for investors – does this mean that we’ll need to do some kind of KYC to participate in the presale?
1 Like
I totally get this, after all, this is being framed as an alliance rather than, say, a business partnership.
Which is exactly why i feel that this token allocation aspect really muddies the waters. Once such a clear financial incentive is introduced, that is of course going to be the main thing people are thinking about.
Myself included - when i heard the word alliance used, my first thoughts were about wanting to examine Huma’s core values, their philisophical outlook, to judge if i think theyd be a good fit for someone id want JUP to be allied with. But as soon as the token swap and presale allocations were mentioned, that pretty much went out the window and now Im thinking about whether Huma is a good investment or not.
1 Like
Hello all,
I’m going to invest, and I have nothing but praise for Huma Finance; I consider it a great initiative.
But, Jupiter, let’s reflect together on this alliance with Huma Finance:
-
Relying on a PayFi startup to bring features that could be developed internally, why not launch crypto card, revenue advances, or trade finance, instead of merely leveraging partnerships like Sanctum and Meteora, and betting on in-house development?
-
What is the true long-term benefit for JUP stakers, beyond access to the HUMA presale at $0.0075/token? Is there any protection against sell pressure when lock-ups expire?
-
Without buy-back mechanisms or insurance, how can the value of JUP be safeguarded if Huma faces regulatory hurdles or execution failures?
-
To what extent is lending the “Jupiter seal” to third-party projects worth the reputational risk in case of failures?
-
Wouldn’t it be more advantageous for the community to reinvest in Jupiter’s own infrastructure rather than allocate part of the treasury to third-party tokens?
What are the plans to balance innovation, security, and long-term value for everyone?
1 Like
Hey AG42, what do you mean when you say, “0.03% of Community’s JUP”?
Are you talking about total circulating supply? Total staked amount? Total amount allocated to non-team members?
Also, has it been confirmed by HUMA that all $38MM raised in the Series A was raised at a $171MM valuation? I haven’t seen confirmation from HUMA - only a tweet from Meow saying what valuation he invested at.
By “Community’s JUP” he means the JUP in the DAO wallet.
The JUP DAO currently has 104,479,516.84 $JUP in the treasury and we would be sending the Huma DAO $250k worth (just over 500k $JUP) if this proposal passes.
JUP DAO would receive ~33,333,333 Huma tokens.
1 Like
Hi MilkMan! I referred to total community supply which is currently about 1,800,000,000 JUP.
Source: JUP Community Audit - Feb 2025
As for the valuation, I have only seen a public statement from Meow and if I understand correctly it refers to Series A.
Hello everyone. Below are most of the points discussed at today’s Discord Townhall.
You may also watch the recording of the Townhall here (thanks to JUP & Juice): https://x.com/JUPANDJUICE/status/1924510548592623948
1. Business Approach
Huma Finance identified crucial infrastructure gaps in traditional payment settlement systems and built solutions to address these limitations. Their previous venture achieved an annualized $10 billion business.
2. Evolution to Decentralization
After proving the protocol’s success, they chose to shift from a centralized enterprise model to a community-owned network, prioritizing decentralization and shared benefits through tokenization.
3. Market Strategy
The team faced a strategic choice between serving crypto-native users versus targeting the broader market. They chose to focus on enterprise solutions by:
- Building abstraction layers and user-friendly interfaces
- Addressing real enterprise needs in the general fintech world
- Following developments like Stripe’s move to stablecoin payments and Robinhood’s ledger system adoption
4. User Experience Focus
Alignment with Jupiter centers on solving core crypto and blockchain user experience challenges while maintaining decentralization and permissionless access. The goal is to create solutions accessible enough for mass adoption.
5. Global Payment Infrastructure
Their approach involves working with established payment networks and institutions by:
- Understanding the complex multi-player nature of global payments
- Addressing specific pain points in cross-border transactions
- Partnering with Arf, a regulated Swiss payment innovator
- Successfully onboarding institutions handling billions in transaction volume
6. Community Bridging - One Year Vision
Community Integration
Recent discoveries and opportunities:
- Significant LP overlap between Huma OG LPs and Jupiter stakers
- High liquidity demand from Huma can benefit JLP pool utilization
- Potential for unified stablecoin liquidity layer on Jupnet
Long-term Vision
The partnership aims to address major market challenges:
- Managing global payment settlements (trillions annually)
- Creating cross-network liquidity solutions
- Building long-term alignment between communities sharing similar ethos
7. Governance Participation
Both communities will actively participate in each other’s governance:
- Long-term alignment is the primary goal
- Specific mechanisms still under discussion
- Partnership retention is the key priority
- Open to DAO suggestions for implementation
8. HumaSOL LST Discussion
- No immediate plans for HumaSOL LST due to existing solutions (e.g. JupSOL)
- ”Solmate” is in development - a composite product combining:
- Regular SOL LST (JupSOL)
- PST for USDC yield
- Awaiting SIMD 228 proposal outcome for network emissions
- Focus on institutional holder solutions
9. LP Token APY Strategy
Design Philosophy:
• Aims for sustainable double-digit yield
• Based on real-world utility and revenues
• Supply-demand mechanism with balancing function
• Payment institutions pay 6-10 basis points daily
• Maintains near 100% liquidity utilization
• Target: 10%+ yield (maintained for past year)
• Subject to macro/micro market factors
• Focus on real yield sustainability
10. Pool Opening Timeline
Pools are managed by an independent team that:
- Collects interest from Pay-Fi partners and institutions
- Opens new capacity once committed demand reaches certain thresholds
- Aims for 100% pool utilization
- While exact timing isn’t fixed, increased demand suggests new capacity will open in coming weeks.
11. Credit Default Risk Management
Q: Has Huma received any credit defaults on the $4 billion in transactions? What risk management strategies maintain this record?
A: Zero credit defaults on $4.3B in transactions, achieved through:
- Front-running payment system:
- Only financing payments already in transit
- Payments enter as fiat (e.g., through MoneyGram)
- Immediate settlement with distribution partners
- Safeguard mechanisms:
- Money held in safeguard accounts
- Batch processing of liquidity requests
- Partnership with licensed financial institutions only
- Risk management:
- Established credit committee
- Sophisticated transactional credit models
- Early warning system through data operations
12. Token Staking and Governance
Q: Will there be a separate site for token staking and governance after TGE?
A: All features will be accessible through the Huma dApp, with a dedicated staking tab. Official announcements will come through X and Discord.
13. Feathers Snapshot Timeline
Q: When will the first snapshot of feathers occur?
A: Details will be announced around the presale period.
14. Long-term Vision
Q: What are Huma’s 5-year goals?
A: Core mission: Enable instant global payments regardless of transaction type.
- Key objectives:
- Eliminate payment delays for merchants
- Reduce cross-border transaction costs (currently 3-6%)
- Replace traditional payment rails with efficient alternatives
- Phase out archaic systems like SWIFT
- Implementation strategy:
- Integrate with PayFi network ecosystem
- Partner with Circle and other stablecoin providers
- Utilize Solana payment rails
- Focus on seamless user experience
- Aggregate stablecoin liquidity for large institutions
15. Presale Details
Q: How long will the presale stay open?
A: Final details pending vote conclusion on Thursday. AlphaVault setup still under discussion. Full announcement expected after successful vote completion.
16. Global Regulations and Compliance
Q: How does Huma keep up with global regulations?
A: Several key developments have strengthened Huma’s regulatory compliance:
- Merger with Arf:
- Arf was the fastest growing application on the Huma network
- Operates under Swiss regulatory regime for stablecoin and blockchain settlements
- Implements bottom-up compliance and AML processes
- Currently working to upgrade licenses for additional services
- Swiss regime provides institutional comfort
17. Yield Distribution
Q: Will Huma cap the potential upside yield?
A: The network generates 6-10 basis points per day from liquidity access, typically resulting in:
- 15-20% total yield generation
- 10%+ distributed to LPs (majority share)
- Remaining covers operational costs:
- 40-person team maintenance
- Entity and service provider fees
Note: With the upcoming staking solution, tokenomics and fee distribution will be adjusted. Details pending in future announcements.
18. Competition
Q: Who are Huma’s main competitors?
A: Huma’s unique approach combines DeFi and TradeFi solutions:
- Ripple comparison:
- Similar settlement layer concept
- Different focus (banks vs. broader market)
Currently no direct competitors with the same comprehensive approach.
19. ID Verification and Privacy
Q: Why require IDs for the institutional platform?
A: Huma operates two distinct solutions:
- Institutional Platform:
- Partners require regulatory compliance
- Uses Persona for secure onboarding
- Information stored with Persona, not Huma
- Huma 2.0:
- Permissionless layer with compliance
- Uses Chainalysis for 24/7 monitoring
- Flags and bans suspicious wallets
- Focuses on permissionless growth
20. Target Markets
Q: Who is the ideal customer and which countries are most active?
A: Target customers include:
- Any entity struggling with global money transfers
- Payment institutions
- Financial institutions
- Exchanges doing on/off ramp
- Card solution providers
Key markets include major payment hubs:
- US, EU, UK
- Hong Kong, Singapore, UAE
- Switzerland
21. Fee Structure and Yield Impact
Q: How do fee changes affect APY during economic downturns?
A: Several factors influence yield:
- Current fees:
- 6-10 basis points per day for liquidity access
- Competitive market rates
- Future revenue streams:
- FX transactions (pending new licenses)
- Settlement in fiat
- Internal FX operations
Yield remains tied to actual fees - if fees decrease, yield decreases; if fees increase, yield increases.
22. Token Holder Benefits
Q: What value will token holders receive?
A: Full tokenomics details pending, but confirmed benefits include:
- More favorable yield distribution with LP token
- Priority access to network features
Note: Initial implementation may be basic, with community input driving future improvements.
23. US Market Access
Q: Plans for US market access without VPN?
A: Currently developing compliant US solution:
- Working on regulatory compliance
- Changes required for US DeFi platform
- US partners already utilizing liquidity
Platform remains region-restricted until full compliance achieved.
24. Visa Partnership
Q: What is the relationship with Visa?
A: Early-stage partnership:
- Pilot program in discussion
- Details not yet public
- No investment from Visa
25. Huma Institutional Deposits
Q: Can institutional deposits remain after six months?
A: Key points about institutional deposits:
- Must withdraw at maturity - no automatic continuation
- Can move funds to Huma 2.0
- 2.0 features:
- Flexible position duration
- Continued yield earning
- Optional position re-locking
- Auto-renew feature in development
26. Token Utility
Q: Where can we read about Huma token utility?
A: Upcoming features include:
- VE model for governance
- Staking rewards and fee distribution based on:
- Staking position
- LP position
- Priority access to protocol features
- Buyback burn mechanism (details pending)
27. Community Expectations
Q: What are the expectations for the community and timeline?
A: Key points from the team:
- Creating alignment between communities:
- Long-term partnership vision
- Learning from Jupiter’s experience in governance
- Leveraging community expertise
- Current progress:
- Strong community support since Catstanbul
- Ongoing collaboration opportunities
- Building sustainable relationships
2 Likes
Cool and Awesome with all the stated utilities
If I staked JUP at rain.fi
Will I still get HUMA Allocation?
I have been thinking along the same lines as you. It seems to be very unbalanced
alignment with Jupiter being on the losing side. Sounds like it is real good for Huma.
Just not comfortable with this proposal at this time.
This is unique. Bullish in its proposal. Looking fwd to see how this goes. Congrats to both Teams for the innovation.
not sure why we are so desperate to launch a project.. proposal moving way too fast, I never heard about HUMA until a week ago, Fk they dont even prepare tokenomics yet..jfc
This will be epic for jupiter
This is one of the best opportunity for JUP Stakers!! Thanks a lot HUMA. Vote will pass with flying colors, no brainer