Jupiter ASR: Active Staking Rewards
With approximately 23 hours left for the first LFG vote, over 180M JUP has been staked. At this juncture, we want to provide clarity for what we call Active Staking Rewards — how we reward our stakers.
As opposed to passive staking, stakers will need to actively vote in order to receive their rewards. This aligns with the goal of having a highly engaged holder base, an important part of the J.U.P vision.
For the first 4 months (from March to June), we have 50M JUP and other launchpad fees from this period(including 7.5B WEN). The other 50M JUP will be rolled into the subsequent quarter, with more details to come later.
This JUP comes from the JUP launchpad fee paid during TGE, and similarly all future projects will pay 0.75% of their total supply to the JUP DAO to be utilised as Active Staking Rewards.
These rewards will be distributed based on how many tokens you voted with, without a minimum or maximum. These rewards are also distributed staked, directly to voters.
And no, splitting your tokens does not give you more rewards, nor does your vote impact your rewards. Also, unstaking JUP will require one month — as this is an appropriate balance of commitment while still allowing stakers the flexibility to exit .
In summary, we hope ASR will provide a strong foundation for a highly engaged base. JUP 4 JUP!
Voting for LFG candidates is now live!
JUP holders can now stake their JUP and vote for the top 2 LFG candidates to launch next. 🗳️
https://t.co/zw7WG3RWIE
At this key juncture, we would like to say a massive THANK YOU to all the candidates who are participating. We are honoured to have you with us, and know that this is very important for you. We are committed to making sure that this process will always give projects a good platform to share with the community what they worked so hard on, regardless of voting outcomes.
Over the past weeks, the CWG have worked extremely hard to share with you what each project is about – their vision, tokenomics and more – so that you have all the information you need to cast the best vote for yourselves, Jupiter and the ecosystem.
https://t.co/OK1EjcjCLE
If you haven’t already, please take some time to read through the project introductions, watch the highlights, understand the various discussion points that community members have raised and hear why they are for/against a given project.
Your vote is an important show of support for the project. And of course, voters will receive launchpad fees (including WEN and JUP from the first 2 launchpad launches)!
Lastly, this is such a big moment for our community. We are picking the first 2 launches together as a DAO and it is a very special moment. We can’t wait to see which projects have captured your hearts.
Go forth and cast your votes, catdets! 🫶🥰
Catdets, It’s TIME TO VOTE!
We have a fun genesis vote for you to get familiar with the platform. Head over to https://t.co/zw7WG3Suyc, lock some JUP, and try it out!
All votes (including the genesis vote) will receive incentives, which includes launchpad fees from the JUP and WEN launch and upcoming fees from launchpad projects. Don’t miss out!
A quick FAQ about voting can be found on https://t.co/WGtBcnAzz7:
- You will receive an equivalent amount of voting power for each $JUP locked
- Unlocking takes 30 days. You will be able to vote during the unlock countdown, with a decreased voting power
- You can vote on multiple proposals with the same locked JUP
Tomorrow, we will cover more details on our usual planetary call about J.U.P, the voting system and rewards. To receive a call invite, sign up here: https://t.co/fS3dzsXUtz
Have fun and we’ll talk to you soon!
1/ Almost overnight, Solana Mobile's Saga became the most rewarding experience on a phone, ever, and sold out.
You know that story. Now it's time for the next part of the epic.
https://t.co/nYR9apGGIT
Preorder #Chapter2 & spread the word to maximize your chance at rewards🧵👇
We know you've been waiting for our holiday edition of BONK Art Master to get on the Nice List and see who the winners are!
Remember, we want to make BAM affordable for all collectors and maximize the support for artists within the ecosystem.
Seeing the value increase from the original BAM pieces is something we are excited for all BAM artists to experience.
The market value of each piece is not correlated to BONKmas rewards, which is why the holiday pieces for sale tomorrow will remain consistent with the original BAM set up.
Make sure to HODL a BAM piece for the last upcoming snapshot on 12/23 to get that ✅ on "Bought a BONK Art Master NFT."
I just hit a score of 209686 on MeeJump. Can you do better and earn yourself a whitelist spot? Head over to https://t.co/KnGl8PCZAO to play! #meegos#meejump
I just hit a score of 15208 on MeeJump. Can you do better and earn yourself a whitelist spot? Head over to https://t.co/KnGl8PCZAO to play! #meegos#meejump
MeeJump is almost here👾👀
Enjoy an addicting endless jumper and see how far you can get on the MeeBoard in a chance to win epic Meegos related prizes.
Don't forget to stock up on a few MeeCartridges on Tensor, if you're like us you might need a little boost 😉