Hi Soju, thanks for a detailed update on the points checker but I also agree with spiderman. As someone that lives in the degen channels and makes degen calls, I focus a lot of my time in searching and hunting for new pairs for the community to DLMM and DAMM with in the LParmy discord.
Those that risk the most DLMMing new tokens and the associated generated fees should be of equal value as the next token that is one minute past the snapshot. Excluding everyone efforts from these pools hurts those that worked hard in DLMMing especially those with a smaller portfolio.
I understand that the goal is to reduce the amount of points given to wash trading and industrial farmers but at the same time you are also taking away from those that need these points the most. What about allowing the points to show but requiring the account to provide trading history to qualify the account?
Out of all the airdrops that I have worked on that is volume based I don’t recall a single project that did a snapshot based off the daily close price. Examples: Hyper Liquid, Jup, Kaito, Wormhole, Layer Zero, Pyth, Cloud, Parcl, Arbitrum, Starknet, Zksync, Uniswap etc. Hyper Liquid being the largest airdrop in history. If HL could do their best at filtering out malicious addresses why can’t meteora do something similar?
The amount of people (mostly those in LParmy) definitely could use all the earned points we can get. We get rugged on a daily basis and most of us joke “at least we have met points right?” when we are down bad. Taking away what we thought we would get without being a bad actor and actually supporting meteora is unjust.
There is no perfect solution but removing ALL fees in general from pools not meeting the daily close criteria is not the way to go about this, and is in fact disrespecting power users and the little guys more than than sybil’s.
The 1000 points per $1 in fees was what we all have been referencing while on meteora for the past couple years. If we knew about this new rule of 24H closing price then a lot of us would have chosen others pools to work with in the first place.
Isn’t the whole point of the degen channels for more risky plays? Memecoins are trading off current or past culture, and narratives can change in an instant sending something to zero if there is some strong fud. To categorize all tokens that doesn’t survive within the specified time frame without a previous notice is unfair. We don’t know if a project will live or die the next hour, we are farmers and we go for volume.
Other solutions:
- Give points from fees earned from previously blacklisted pools that don’t meet the daily close criteria to wallets after an appeal.
Just like how the appeals went out to addresses that were flagged, do the same for addresses from pools that die within that the day.
Ask for proof of on chain history, most will not be able to provide history for DLMMing. Even with wallets that get sent funds from a CEX or non associated wallets, multiple wallets providing the same history would not qualify. Most bundled wallets have little to no history even more so when it comes to DLMMing as copy trading wasn’t a thing then.
Will some bad actors pass through this? Yes, but this will also help qualify a lot more legitimate accounts.
- Partner with an analytical firm to filter out addresses more in stages.
With all the new tech out, surely there is a company that can filter out wallet addresses better? Checking the wallet history would be an easy tell to see how active an address is.
- Allow 50% or more of the fees earned from blacklisted pools due to daily close price to be added to our current points, specifically to 2024.
Those that contributed to the growth of meteora the earliest deserve to have the fees earned be respected the most as it was the most risky then. By allowing 50% or more of the points we have earned this would come to a half way point in reducing industrial farmed points and also respecting the original notice of 1000 points per $1 of fees.
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With tech growing more and more advanced it will be harder and harder to tell what is bundled and what is not. Honoring season 1 points specifically to 2024 will respect the original points and this would also value the power users more.
Please reconsider how season 1 points are calculated as this favors more whales and disregards those with a smaller portfolio in new launches.
Could you please check to see if the following contracts are counted:
- BCP3tdCpDGyNzcgi8s2abF4EqVzjGQWkhx6xJFDApump
- F9nJsVxZGn3Az7HAXUrLQs2WaWHiKRbNRYfSpRR2UPRC
- 4StuLHHsHobhBh4BCNhreFtQ5EvSZHvbAMxJ44JWpump
- 4qJvBSACeFy4HinpBA7rotXRRSzDhT3iFEshgjdDpump
- E4qzn7o7P5SR13Sd1X1JKiw6yBGXVPat6JNUuX7ypump
- B5hfPmp6yziYuLw7VbeZ5mge359H3Y8KhqyjN9M4pump
- Em4rcuhX6STfB7mxb66dUXDmZPYCjDiQFthvzSzpump
- BUDXpnu7opuGuJkQZdet9nAxSzb67MLJpkzJmaKkpump
- HjdE4j3rHC7YMxFMHXSgEzXoNcVU6YBCfg9Q1gTJpump
- Fce7FyxapoJysJ4VbnqoZHCXQt8AY7bAfkbB6kPVpump
- DGagMywvLG3DwffZHX4eWWE6svnoJpiod3dSNBDwpump
- CqQWGaNTWTvyjoiaVrHxvXsFfZmGsgYCLbU2XwQYARBB
- 8wF3WJt7FLrHvjRRpb9suPSsb27MQUNGYPwsCZLWpump
- ADJxo3f8KHLt9iFujdW9HBtn8QaCaq6KDUdRsSfVpump
- 34xtE4vUQ6gpJEqsBkFtzgSedFrhx55jBrn9XDydpump
- FS5RzharJL468MrhUtbriuJwjvQNWF72GYksSoz5pump
Thanks,
Hashirama
That’s right, many false positives. Just appeal and they will get it sorted.