3% is too much . Consider people thought when doing proposal.seem like u r doing whatever u want.if u want a proper proposal and a voting proposal u should have let the people choose the allocation %.
8 Likes
The reward for Jupiter stakers is an expected event, and eventually the reserve allocation will need to be distributed. While Jupiter stakers/users are important participants of the Solana ecosystem, I suggest that within the 3% allocated tokens, an additional layer of differentiation be introduced.
Specifically: not only by weight/duration/voting activity, but also by adding a coefficient for those who are already engaged and actively using Meteora.
Rationale:
A user who is both a Jup staker and an active Meteora participant is clearly more valuable to the Meteora community than someone who only performs swaps on Jupiter (while the importance of staking is not diminished). Therefore, I propose slightly redistributing proportions within the 3% in favor of this more engaged segment.
Example structure (to be calibrated by actual user base size):
-
Eligible for Jup airdrop (+ASR seasons?)
-
Jup staker
-
Jup voter (with a minimum participation threshold)
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Meteora %min points (insert minimum point requirement, e.g. similar to the Welcome Gift threshold)
-
Meteora Power User
Suggested approach:
Depending on the size of the user pool, 0.5-1.5% could be additionally weighted toward users who meet both Jupiter and Meteora criteria. The 3% can then be distributed across the five categories above, with stronger incentives for users who satisfy all five criteria
3 Likes
Hey Soju.
Respectfully (and based on my calculations), this translates to an ROI approx. 40% on avg. for a jup staker if we assume MET launches at 3B. (With no added conditions).
I think this is too much, personally. We are rewarding token holders of a project that helped us which is fine - but 40% is on the high end. 10% seems fairer to me. Perhaps even 20% ROI. (At 3B launch valuation).
3 Likes
This ratio is quite reasonable, but more importantly, the token economic model should be announced as soon as possible to manage the expectations of all investors effectively.
3 Likes
I hope you just woke up in a bad mood today and will rethink your proposal later… insane to give 3% to people who did nothing for meteora…
5 Likes
3% is too less compared to what JUP gave you 5% Do the right thing soju
6 Likes
Being a day 1 JUP staker myself, I feel this is unnecessary. Meteora already have all the exposure possible. What meteora needs to focus on is super long term aligned incentives like Hyperliquid, 68% airdrop, 97% of fee used for buyback. This is extremely powerful and have rocketed their success to the moon. Learn from them.
3 Likes
3% is way too high compared to people who literally provided liquidity for a year and only getting 5%.
you are doing this to get these people familiar with MET, the amount will not matter much, so you’d rather have a large group of people getting a small distribution to get them excited about the project
3 Likes
3% is too much, 1% is better
3 Likes
IMO this is a great move for the reasons below:
- JUP indeed helped Meteora become what it became, lets face it. Not trying to denegrate Meteora which has great tech and im also a LP users, but it is what it is.
- JUP stakers are mostly long term stakers and supporters, and I´m pretty sure most will enjoy holding their NFTs for the earnings, which is basically why they are JUP stakers
- Many will learn how to properly LP and will for sure become long term user
The only question is, since you mentioned as criteria, votes participated and time weighted stake, will those that are not staking anymore, but participated in several votes be eligible too?
and will this allocation be tiered or linear?
8 Likes
hello soju
I think 3% for regular staking of a product that is not part of Meteor is too little. I think it should be 10%, or better yet, 15%. And please don’t forget to reward those who stake $drift, $link, $trump, $ray, and others. Do it, give them the entire supply.
4 Likes
Thank you so much! Although we initially talked about 4-5%, it’s still a very good percentage. Don’t listen to the haters; the Jupiter community is huge and will be very grateful.
4 Likes
I’m in favor of this. It’s a clever way to strengthen the connection with Jupiter stakers and bring them in as active users. The 3% allocation feels like a smart middle ground to make it meaningful but still safe.
4 Likes
I agree with this proposal. 3 % is good because it will help add liquidity to the meteora ecosystem and bring in a massive base of new users who will get to experience the amazing fees on DAMM v2.
5 Likes
JUP gave 5% to MET in early days, it´s just retribution, to be fair had to be 5% as well, but it´s only 3%
6 Likes
Jup gave Met 5% of JUP supply when they launched, why is it bad to return the favor? and only 3% in this case, not 5%
7 Likes
You worked with the jupiter team and so you are giving away tokens in “hopes” of conversion.
Make them buy, dont give it away and ur doing single sided ?
Not like ur gonna listen, ur gonna give it to jupiter because you have a past relationship.
Lower the % given out. This dilutes everything and this doesnt count the amount of tokens insiders are getting from farming the past 2 years.
2 Likes
Jup has played a significant role in the development of Meteora, and Jup stakers are also OGs in Solana, so this decision is very good and I support it.
5 Likes
For people that dont understand
You going to put tokens single sided for the Jup stakers.
Why ? Makes no sense. You are approaching this as rewarding jupiter because their swaps route properly. What does that have to do with LPing or them using the product for the past 2 years? It doesnt , I feel this is kind of biased as you worked Jupiter.
Dont do single sided, dont do 3% and please don’t word it like Jup users did the equivalent amount of effort that LPers have done for the past 2 years.
The met team makes the most so please stop catering to other teams to give them a piece.
3 Likes