Been thinking about something that I haven’t seen discussed much here. Before reading this, I’d recommend familiarizing yourself with how ORE and GODL work — both are SOL-funded on-chain mining protocols on Solana, and this idea builds directly on that model.
ORE and GODL have proven there is real demand for a native Solana store of value. ORE hit $389K in a single day of revenue at its peak. GODL briefly ranked top 3 in Solana protocol revenue in its launch week.
The idea is that Jupiter could launch its own gamified mining service — call it Jupiterite (JPRT) — that not only creates a new scarce asset but also actively contributes to JUP buybacks, giving JUP holders a direct reason to want the ecosystem to grow.
The idea: Jupiterite (JPRT)
A native Jupiter SoV with a fixed max supply of 1,000,000 tokens — scarcer than both ORE (5M) and GODL (2.1M). The core mechanic is the same as ORE/GODL: deposit SOL, compete on a 5×5 grid, win JPRT. But with two key differences:
1. Dual buyback — JPRT and JUP both benefit
10% of all SOL mining revenue goes to the protocol. Instead of only buying back JPRT, it splits:
- 80% buys and buries JPRT
- 20% buys JUP from the open market and sends it to the Litterbox
This aligns the interests of JUP holders with the success of Jupiterite. The more people mine JPRT, the more JUP goes to the Litterbox.
2. Dynamic refining fee tied to JUP staking
When you claim your unrefined JPRT, a fee is charged — but how much depends on how long you’ve waited:
- Day 0: 15%
- Day 7: 10%
- Day 30+: 5% (permanent floor)
The fee decreases linearly between those points. The longer you hold unrefined JPRT, the less you pay to claim it. That fee is redistributed to other holders of unrefined JPRT, rewarding patience.
On top of that, your JUP staking balance acts as a multiplier on how much refined JPRT you receive — linear from 1x (0 JUP staked) up to 2x (50,000 JUP staked). This creates a direct incentive to stake JUP to maximize your Jupiterite yield.
The primitives would be:
- JUP → governance
- JupUSD → stablecoin
- Jupiterite → hard asset / store of value
Not pitching this as a formal proposal yet — just want to see if this resonates before going further.
A few questions I’m genuinely curious about:
- Does the community think there’s appetite for this, or is the SoV narrative too niche for Jupiter?
- Would you rather see Jupiter integrate ORE/GODL as partner assets instead of building something native?
- Does the dual buyback (JPRT + JUP Litterbox) model make sense to you, or does it complicate things unnecessarily?