You failed to define what “success” means. Is it high price? Is it community engagement? is it something else? I can’t make a decision about whats best for Jupiter unless I know what Jupiter considers success.
Also, what is this “change the narrative”? What is it being changed to? Would this change the definition of success?
I feel very uninformed after reading this proposal.
Benefits for jup stakers, that’s all.
I just checked the planetary call video and kash said ASR will continue as usual using tokens from unclaimed jupuary and using tokens from “buybacks”
What are buybacks and wasnt the unclaimed jupuary 2025 already spent on 2025 ASR?
True net zero requires a permanent solution. To eliminate the supply overhang once and for all, we must burn it all. Otherwise, this issue will simply return to haunt us in future votes, a waste of everyone’s time.
I think you guys are a very smart team
what needs to happen is to deal with the tokenomics and mechanics of the token at the same level of ingenuity and intelligence that everything else is built. away from market sentiment its not just demoralising for holders to see price go down but it’s also going to affect the team and their mojo. You guys are winners make the token’s profile be made of the same cloth.
Jupiter is among the best projects in all of crypto. top tier. I would rather have very little or no rewards and have a strong mechanism that throws value into the token. The team have many rev streams of which could be ideated in a cool way to morph its current model into adding value and price action up and right directly into jup. That’s better than both of these options on this dao vote. it was short sighted to not have a show stopping jup announcement at catlumpurr outside of the 35mil buy. It’s a core product tied to the whole eforts of the project. I think you guys will solve that issue. I believe that. You guys have done great and will continue to in terms of building and shipping and the give backs you have done. That can’t be overlooked at all. It’s fully appreciated. The focus should be cutting expectation from rewards and go full send on genius ideas that push the value of the token that will shut the noise up. Currently it’s not representative of what this brand means. There is a bit of dissonance. I think it can be mended, it will take some of the same fail fast and experimental culture that Jupiter has always shown. You guys are top of the hill and have among the best tech and features that’s undeniable… time to make the token the same. By any means. Long term it will be great I am sure.
You only lose when you give up.
All will be well.
see what has worked elsewhere in the sector and copy and optimise it. Show off and shut the doubters up and make the believers proud.
Godspeed
So we will collect fee from user
1)won’t give any kind of cashback to user who have paid million in fees
we will use that user fees to buyback token sold by mercurial team
will also buyback token from user fee if any Jupiter team member want to sell token
So team members and mercurial guys are going to get there stuff at expense of user giving fees and same user get nothing another high level stuff
The goal of Net-Zero Emissions seems to be the correct path. However this proposal is a bit harsh with the cuts made to all current and future users and stakeholders. I would suggest to frontload the airdrop & team/investors, and have Net-Zero going forward into 2026+.
hope they read this post,
i pretty much had the same thing to say and wrote almost the same things but in a way worse manner and poorly articulated xD
thanks your post brought the good vibes back for me ty.
yoooooooooo 
that was eye opening lol
Option 1 airdroppppp
Airdropppp option 1 voteee
Feels like the community is being divided so Option 2 can pass.
Jupiter KOLs are already working overtime framing Option 2 as “good for the ecosystem.”
But let’s be honest . Option 2 is an extractive move from a team that seems to have given up on prioritizing the $JUP token.
If the team is serious about alignment, then put team vesting and Mercurial vesting up for vote too.
If vesting for team and Mercurial stops alongside this change, I’d be 100% behind the proposal.
Right now, this isn’t “no new emissions.”
It’s effectively redirecting fees to insiders with zero incremental benefit to Jupuary users or long-term token holders.
Decentralization isn’t just a slogan , it requires equal sacrifice and alignment.
Let’s see if community can be fooled or not
I was going to write “you need to redraft this” but halfway through writing the post I realised I didn’t want another draft of this proposal.
You’ve gotta do the planned airdrop (Option 1). It doesn’t need a DAO vote.
You locked this in ages ago and the market has priced it in already. I can’t see the logic behind worrying about token price when everything is down. The comments here about this being a great time for buybacks are right: it is a great time to be doing them.
What you DO need is to think about the next ASR rewards. Immediately.
Start re-invigorating your community to start thinking about how that can be made to spark interest again.
You can’t end incentives.
Incentives are vital still for any crypto project. See this from Vitalik recently https://x.com/VitalikButerin/status/2021946120180822405?s=20 about incentive design (the quoted post makes the case for incentives even clearer).
Incentives get them through the door; PMF gets them to stay.
You can’t have a great product that no one knows about; that’s a failed product. Who comes through that door matters a lot as well.
Long term token stakers who truly believe in the project staked their tokens knowing about the emissions schedule and accepting it.
There are not many tokens left to be distributed and the last major cliff unlock should be scheduled in less than a year, on 31st January 2027.
After that, the circulating supply should be almost equal to the full token supply (roughly 7B tokens after last year massive burning event).
Option 1 doesn’t change this schedule and doesn’t break promises. It’s the right path.
Option 2 might reduce selling pressure within the next months, but the rise in price which voters expect is far from certain. There are other major market moving factors which are in play and there is the possibility that we will find ourselves in the unpleasant position where price doesn’t rise in the way option 2 voters hope and new investors are unattracted by $JUP because there is not a clear emissions schedule. This uncertainty is extremely bad and it is actively avoided by the majority of serious defi protocols.
We are accumulating $JUP at these prices. Jupuary and ASR are another form of accumulating for us users/stakers.
I will vote for option 1 without hesitation and I encourage all the long term believers to do the same.
To those uncertain, try to visualize yourself one year froma now. We will have no more scheduled emissions and everybody will have received what they were rightly expecting to receive. We will have onboarded more users and volume. Token buybacks will be removing supply everyday at a sustained path. The path ahead will be glorious with no drama, no uncertainties about new token emissions. Only profits to be enjoyed.
Don’t be a short sighted, greedy cat. Be a wise cat. Vote option 1.
I’m bullish about the “net-zero” Option but, I believe that the postponed Jupuary should include an ASR portion, as that was part of my intentions.
Keep it simple, stupid → narrative building / messaging+
Option 2, but
Then push the simple messaging thru an organic media campaign
Third option:
Jupuary NOW (no future 1 year bonus) only 250m airdrop as initially planned. Nothing planned after but if team wants to do a stealth airdrop, no expects it and no one can game it. KEY ONE TIME ADDITION: Jupuary 3 checker comes out and users can vote on the new vote with their allocation so their voice is heard at least + option 3 which benefits them and the token.
Team paused
MER bought out
ASR cancelled or cancelled after 1 year.
I say Jupuary now to respect the users, these are important (from someone who was due to be rekt from airdrop dilution again). My take is no emissions and make users “whole”, as this vote is being done 2 weeks after Jupuary, This decision to cancel Jupuary should have been made 6 months ago when we suggested it, too late now as I think people “farming” jup are not farmers but users, the token is worthless so they are just using the platform and it’s a small reward/motivation. Option 3 makes users happy, removes dilution + keeps future stealth airdrop open for platform usage - best for fee creators and $JUP. This is good for the token but has a negative effect on platform usage and without usage/fees, there is no token.
Jupuary: Delay in current proposal creates a nuke flywheel. Moreover, the 250mil bonus in a year from the 2026 Jupuary plan made the token worse, as delaying an expected dump after the dump has been priced in, so token dumps then it gets delayed and token dumps even more (nuke flywheel). Team should burn the whole 700mil or airdrop the 250mil as planned and remove the headwind, a pause doesn’t do anything positive, just nuke flywheel.
Team pause: Ok. Same as Jupuary, delay to a dump creates nuke flywheel.
MER Good.
ASR: 2 options:
Cancel now ASR being cancelled in a bear market is good as ASR will end eventually anyway. It leads to 800mil JUP sell pressure in a bearmarket, sending the token to 0 along with the 250mil JUP airdrop, but after this dump you have;
Cancel after 1 year Has negative of 200mil dilution for 1 year which is more than buyback. But, good for 1 year to stop 800mil JUP unstake but needs to be ended when volume and market comes back. Will result in 800mil JUP sell pressure at the start of next bullrun, allowing $JUP to have;
+ 800mil ASR overhang gone
+ no 200mil JUP ASR emission yearly
+ no Jupuary worry
+ keeping option for future stealth airdrop open for users for future products
+ promises held
+ users happy they get to gamble more and lose all their airdrop in a few days
None of this matters. The token has been down only. 50% of your revenues go to the team. Why is the team even getting $JUP?
This is mistake number one. Most users of Jupiter, the ones that have been paying your fees which translate to your revenue are NOT token holders. A slap to the face for those contributing to the majority of your revenue.
Add Option 3. Stop team emissions indefinitely AND proceed with Jupuary AS ALREADY VOTED ON.
It’s not that your comms have not been idea. Your comms have been absolutely terrible and this proposal is going to result in an exodus away from Jupiter towards other platforms.
I am voting for option 2