[DRAFT] Proposal: Distribute 3% out of the TGE Reserve to Jupiter Stakers

Proposals
1

Jupiter has played a key role in Meteora’s success today, with key events such as launching JUP on Meteora DLMM, integrating all new programs into Routing without delay, forming a key base of Meteora’s early users, and more.

We want to acknowledge these efforts, yet also leverage this as a growth event for the LP Army, and minimize dilution on all other stakeholders.

Proposal: Distribute 3% out of the TGE Reserve to Jupiter Stakers in the form of the Liquidity Position NFT.

Traditionally in a token launch, the team puts up tokens which are then sold, allowing them to raise funds for future growth, initiatives, etc.

For $MET TGE, I propose we utilize the TGE Reserve laid out in instead for Jupiter Stakers.

We propose that 3% out of the TGE Reserve be used to seed initial liquidity for MET, in a Single-Sided DAMM V2 pool, between the price of X - Y (range to be announced before TGE).

We then distribute this across the Jupiter Stakers, via a time-weighted stake amount, taking into consideration votes, and staking duration + amount. We will discuss the exact implementation with the Jupiter team and announce it next week at the Jupiter Planetary Call.

This will lead to a clear achievement of all of our goals:

  • No additional tokens circulating will be added due to this proposal.

  • Jupiter Stakers get a liquidity position of MET/USDC, and experience the power of Meteora at TGE, with a significant chunk converting to becoming users.

I’m confident that we can pull off TGE with the remaining 2% of Supply. We will do so by further democratising the opportunity to earn fees at launch further with the LP Army, reducing the reliance on team-seeded liquidity.

If we were to list on centralized exchanges, we have the remaining 2% of flexibility to use for liquidity with market-makers, or CEXes. We will release more details on this later, but no more than 2% will be used for centralized exchange efforts.

56 Likes
4

is there any didnt like it button ?

6 Likes
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I like the idea. I just have a question.

Can they burn the nft and get the position value tokens ($MET) or is this not possible?

2 Likes
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Thank you for clarifying on the JUP Staker % and where it would be allocated from.

”We then distribute this across the Jupiter Stakers, via a time-weighted stake amount, taking into consideration votes, and staking duration + amount.” This is the most fair way IMO.

”No additional tokens circulating will be added due to this proposal.” This is a huge W.

Biggest concern I saw was that this airdrop would negatively impact 2024/2025 LP user. I think this is a great idea and will continue the core mission of growing the LP Army.

Thank you, Soju & Team!

3 Likes
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I’m long term Meteora user as well as JUP staker. Since I’ve been riding both boats, i feel this approach is the best we can get.

7 Likes
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  1. Make voting for proposals

  2. If you think that everybody in the world should receive a lot of $MET, motivate them to buy, don’t do it by yourself. Why Jup stakers should receive more than located to base reward to meteora users? If you want to make such percentage, remove the same from MER holders

6 Likes
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Let’s go down to 1% or 0.5% cause they did nothing.

You guys gonna do it cause who cares, but already the met points were cut in half, plus m3m3 happened and MER.

Not a good record.

7 Likes
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I understand you’re “going to do it” no matter what we say due to the Jupiter and Meteora relationship

However, the “confident we can pull off TGE with the remaining 2%” does not instill confidence.

There is no reason to over leverage this platform for the behalf of Jupiter.

I agree with expanding the LP Army, but, I’m not sure what you’re proposing will do it. It may bring more users, but may not.

If you really want to “expand it” based on that criteria, give them vested MET bonuses on top of generated fees moving forward with a multiplier.

As a thought experiment; long time, large staker, voter, etc in Jup DAO. If they use Meteora, allow them to unlock 20% of their allocated MET as they earn fees.

Example: User generates $1,000 in fees, they get $200 of their MET stake.

Similarity, a low end user of Jupiter, could only recoup say 5% per Meteora fees.

Any un-used/unlocked goes back to LP Army users after 1 year.

9 Likes
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He participado en todas las votaciones de jup, fui testigo del trabajo conjunto de jupiter con meteora desde el día uno, excelente propuesta, espero aclaren el tema de la formula para el cálculo de la asignación

1 Like
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My biggest question is what’s your biggest worry about doing this?

1 Like
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I suggest a 2% allocation for Jupiter stakers. Compared with 5% for 2025, 3% of allocation is too big that it can dilute the allocation for those LPers who have risk their funds not only to earn points but to support the product. Let’s be real here, 3% is too big for no-risk allocation

1 Like
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why are you rewarding Jup stakers 3%, and not rewarding LAUNCHCOIN holders (BelieveApp) ? doesn’t make any sense to me, you are making a huge mistake here by allocating this to ONLY one partner instead of many partners!

1 Like
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Lets do 1%

I honestly think that if a user of Jupiter who is already too close to Metora has not used it so far, there is zero chance that they will be Lp army
It’s just an act that undermines the legitimate value that a loyal user of Metora will receive

or there’s another way

Do 3%
Allows them to claim their allocated $MET in proportion to the fee they earn from Lping. The act can certainly bring Jupiter’s users onboarding to the Meteora, and Both will be convinced

6 Likes
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Feels like the most fair way to do it! Well done :green_heart:

4 Likes
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The mechanics involved in this are ingenious.

  1. The rewarding of alignment and longstanding contribution is to be leveraged as an invitation to facilitate growth, marketing, and product utilization. The long-term benefits long term will far outweigh the opposite.

  2. Using the very same mechanic for TGE, which at the very same time will showcase the power and uniqueness of DAMMv2.

  3. Having clarity and transparency regarding how this plays out with regard to overall TGE.

Jupiter and Meteora are sister projects in my eyes; this furthermore strengthens and unifies communities for the common long-term benefit.

3 Likes
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2025 point holders get only 5%

Compared with this, 3% looks high for me.

6 Likes
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I love it. Also JUP stakers are the perfect user base to test this innovative approach to TGE considering they are the largest on Solana. The success of this will create a shift in how TGE is done.

7 Likes
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Make 5% like jup gives 5% of supply

7 Likes