Totally agree with both of you — rewarding long-term staking commitment is essential to build a solid foundation for Jupiter. I really like the idea of tiered rewards (6m, 1y, 2y…) and excluding Juanuary/ASR rewards from the calculation to avoid loopholes.
It could also be great to introduce some kind of reputation layer or soulbound proof of staking loyalty over time — not just for rewards, but maybe for governance weight or early access to new products. That way we truly align incentives with those who believe in JUP as a long-term ecosystem.
But if you’re rewarded with more JUP, rational holders will dump it, to “realize” the rewards which will depress the price and penalise JUP bagholders. I would be in total agreement with a tiered system (I don’t know, minimum stake 7 days, you can vote but no rewards, then afterwards some kind of time weighted reward system.. maybe voting rights can also be time weighted to favour original believers).
I actually think maybe JUP holders should be rewarded in SOL, bought and distributed from the revenues. Why not? Then we can really treat JUP as a governance token, and not a currency. SOL is the currency in this case. If the voting power and reward proportion is time weighted and tiered, then I think we protect the DAO from bad actors and mercenaries. And don’t reward JUP holders with JUP. Doesn’t make sense. It encourages dumping because we’re still living in a fiat world and we need to pay our bills. If I can pay my phone bills in JUP, then there’s no “dumping”, only “spending”. But this is not the case today. I think probably many projects already do this while still keeping true to decentralisation. Decentralised communities still need to be incentivised in a way that acknowledges that any rational investor will want to spend the reward instead of locking up more and accumulating it like a Labubu collection.
