GM Agents!
We've all been waiting for this moment for a long time, and finally we are exited to announce the launch of our Incentivised testnet! ๐ฅ
We consider it a groundbreaking initiative designed to leverage the power of community collaboration in testing and enhancing our AI agents. The testnet will run for approximately 2-3 months (or not) in several stages, providing fair opportunity for our community to engage in a variety of tasks, from running own AI agent assignments to engaing social activities. โจ
Community is everything for us, so we are allocating a part of our $ASRR tokens for all contributors involved in the testnet. ๐ธ
We would like to break down the details about our testnet in several parts so be sure to check the whole thread to get a full understanding of how the testnet works ๐
Be sure as well to check out our latest blog post with all important details about the testnet
https://t.co/HZiai9ViWu
Join the testnet and start earning $sASRR tokens!
https://t.co/RIJ5Q3XTsN
Arabic speaking cats and catdets will like this
Value Averaging product of @JupiterExchange dissected for everyone to experience.
No cat will be left behind
LSTs Overview; WHAT IS JUPSOL?
Before delving into what JUPSOL is, it is important to know what LSTs are; LSTs are Liquid Staking Tokens.The concept of LST is an endeavour to make $SOL staked on the network validators accessible and flexible for other DeFi activities.
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Back then, in the day, it is:
1. You hold your $SOL in your wallet, experience the price appreciation and depreciation that comes with the market volatility.
2. Stake your $SOL on Validators to earn yields for supporting and boosting the blockchain network during the period that you used to stake it.
3. Deposit your $SOL on DeFi protocols like lending and borrowing protocol as collateral so that you would be able to borrow another asset or use your $SOL to provide liquidity on Liquidity Protocols.
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You can only do one of the above at a time with a particular amount of $SOL, but with the advent of LSTs you can now do everything with the same particular amount of $SOL,( Deposit your $SOL into a validator,earn yields, while still having the chance to either hold the tokens in your wallet or use it to perform other DeFi activities).Thanks to @sanctumso for spearheading this great innovation in the Solana ecosystem.
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Back to the main deal of the day!
JUPSOL is a Liquid Staking Token(LST) i.e staked $SOL tokens with Jupiter's Validator, which earn yields and MEV kickbacks from, the Jupiter team also added 100k $SOL to enhance the APY of JUPSOL.
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JUPSOL has some distinct fee structure compared to some other LSTs:
๐ช 0% management fee
๐ช 0% validator commission
๐ช 0% stake deposit fee
๐ช 0.1% SOL deposit fee
๐ช 0% withdrawal fee
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There are benefits attached to JUPSOL, which include:
๐ช Earning native staking yields while holding JUPSOL
๐ช Ability to make use of your JUPSOL to participate in other DeFi activities
๐ช Holding JUPSOL also means you're also providing the value of what makes Jupiter Ecosystem standout as holding JUPSOL helps in improving transaction rate while using Jupiter products like swaps, DCA, Limit Orders in congested periods.
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SECURITY โ ๏ธ
Jupiter team has fulfilled the security quota for JUPSOL as it is powered by the SPL stake pool program, one of the safest program you can ever see, it is the same program used by JitoSOL, BSOL and others, it has gone through multiple audits and the program authority is secured by a multisig with different signers which requires some good numbers of signers for any vote to be approved, no single point of failure.
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In summary, JUPSOL has achieved the goal and what's expected of an LST and beyond, thereby making DeFi great, accessible and flexible.
๐: Hop on Jupiter site to swap your $SOL to JUPSOL and enjoy the LST experience.
JMJM
Got to try out Jupiter Lock today!๐๐ช
Unsurprisingly, the experience was awesome despite not having any technical skills the process is used to be known with before you can execute such activity.
It works for both project that want to vest their project token or an individual who just want to lock token to enhance long-term hold or to prevent paperhanding tokens.
Big ups to @JupiterExchange and @xianxlb
A great job is being done.๐ช๐ฟ
(Putting out a post (soon soon) containing the guide for everyone to also experience it)
Diving Deep into Jupiter Lock ๐ช๐
Jupiter Lock is one of the emerging products from @JupiterExchange, designed to enhance token locking and vesting for projects and individuals.
Itโs a smart, streamlined approach to token management, as it's open-sourced, allowing other projects to implement token vesting schedules mechanism without needing to build a vesting contract from scratch. Additionally, it provides a simple way for non-technical users to leverage this functionality.
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As a security-driven company, Jupiter Lock has undergone audits by @osec_io and @sec3dev. Currently, in Beta, it is still a work in progress, with more features and improvements to be added.
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Steps to Implement and Execute Jupiter Lock
๐ช๐ Go to: https://t.co/pJmuBPtWMg
๐ช๐ Connect the wallet containing the tokens you want to lock.
๐ช๐ Click โ+ Create Token Lock.โ
๐ช๐ Select the token you wish to lock by pasting the token ticker or the token contract address (recommended for security).
๐ช๐ Fill in the required details:
- Lock Title
- Intended Lock Amount
- Recipient Wallet Address
- Vesting Start Date
- Vesting Duration and Interval
- Optional Cliff
- Unlock Schedule
- Who can cancel the contract
- Who can change the Recipient
๐ช๐ Click โProceedโ to execute the lock contract, then return to the home page to view the lock you initiated.
๐ช๐ You can add additional locks for the same token but with a different vesting schedule by clicking โ+ Add another lock.โ
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It is important to note that the recipient must manually claim vested tokens when they become available.
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Iโve also added a video tutorial to serve as a guide for those interested in trying it out.
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Jupiter Lock is still evolving, and your feedback is essential. If you have any suggestions or ideas regarding Jupiter Lock, feel free to reach out to @xianxlb
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With Jupiter, the mission remains the same: making DeFi great, accessible and simplified for everyone.
Governance in DeFi has always been awesome, however, Jupiter Governance took it steps higher.
DeFi Governance is known to give everyone the opportunity to have a say in the decision of how the protocol works. However, getting incentivised for putting out your opinion is a double win, which is innovated by Jupiter.
I'm looking forward to the next Governance participants' incentives (ASR= Active Staking Rewards) powered by none other than Jupiter.
Checker will be live on 18th๐ฌ
Claiming on 21st๐ฐ
Life in DeFi has never been this better, and the goal is not changed yet; Making DeFi great!!!๐ช๐ฟ
Nothing beats being JUP-aligned with your loved ones since that's what J.U.P stands for.
JUPITER UNITED PLANET๐ช
Wake up, hand in hand, and look forward to what you make of the day with Jupiter.
JMJM โ๏ธ
Nothing beats being JUP-aligned with your loved ones since that's what J.U.P stands for.
JUPITER UNITED PLANET๐ช
Wake up, hand in hand, and look forward to what you make of the day with Jupiter.
JMJM โ๏ธ
Here's a whole lot to see for all Jupiverse dwellers and enthusiasts.๐ช
Tracking assets and viewing trading positions in one site with the best of the best UI/UX just got better with the new release from Jupiter Exchange; JUPITER PORTFOLIO ๐น
The goal remains the same; Making DeFi great!
BREAKPOINT DAY 2 is unsurprisingly filled with exquisite updates and announcements.
Walk with me as I dish you the update:
๐ฅ๐ @jump_firedancer validator client is live on mainnet in non-voting mode
๐ @bonk_inu introduced BONK ETP (Exchange Traded Product) to be launched in the USA
๐ฑ @KaminoFinance plans to launch Spot Leverage in the coming weeks
๐ฉ @sanctumso introduced two new PayFi products; Creator Coins and Cloud Card.
https://t.co/VTKueERaOm
They also hinted at Wonderland Season 2 coming soon
๐ต @coinsph plans to launch PHILIPPINE PESO STABLECOIN on @solana within the next quarter
โก๏ธ@FlashTrade set to launch token
https://t.co/1LE3ZrXrCk
๐ @debridge token launch and airdrop is going live come 17th of October
https://t.co/qhgfZSutCe
โป๏ธ @solayer_labs announced yield bearing stablecoin restaking $SUSDC in partnership with @OpenEden_Labs
https://t.co/bjdEYMFAKP
๐ฑ @MetaDAOProject to launch decision markets product for any metrics and decisions.
๐ @FluxBeamDEX introduced Infinity: An All-in-One Trading Tool
https://t.co/Cc65ZKuGDv
๐ @solana 2025 BREAKPOINT date announced and to take place in Abu Dhabi https://t.co/iNG50Pwksh
What did I missed?๐
Fun fact about @multisig pro subscription: staking 1000+ SOL with Squads Validator will unlock Squads Pro for your account for the duration of the stake.
Squads pro offers additional features like:
๐ SquadsX web-extension wallet.
๐ Sub-accounts.
๐ Permissions.
๐ Fee relayer.
๐ Privacy mode.
๐ Limited-time partner deals.
๐ Priority 24/7 support.
๐ Early access to new features.
BASIC OVERVIEW of @JupiterExchange (A DECENTRALIZED TRADING PLATFORM) PRODUCTS USING REAL-LIFE ENTITIES AND SCENARIOS
๐ช SWAPS
Imagine a shoe-selling platform integrating different shoe stores so that those interested in buying shoes can get the *best price* for their desired shoes, instead of going around different shoe stores, thereby saving time and money. This depicts Jupiter as a decentralized exchange aggregator, which aggregates decentralized exchanges across the ecosystem for traders to get the best prices for their tokens in a timely manner and on a user-friendly interface.
๐ช LIMIT ORDERS
In a situation where Bob is trying to buy a house at his budgeted price ($100k), but it is priced higher ($120k) than his budget, he tells his real estate agent that he's interested in buying the house but the agent should buy it when the price drops to $100k. Similarly, when Bob wants to sell the house for $300k, but it is being bid for a lower amount, the agent wonโt sell it unless someone pays $300k or higher. Jupiter serves as an agent for your limit order trading activities, allowing you to buy and sell tokens at your desired prices.
๐ช DCA (DOLLAR COST AVERAGING)
When you're contributing a fixed amount of money from your salary every month into your retirement savings so that after you retire, you'd have accumulated enough to live on without needing to work again. This explains Jupiterโs DCA product, which allows you to buy and sell tokens with the amount and time period specified.
๐ช VA (VALUE AVERAGING)
When you're contributing different amounts of money from your salary every month into your retirement savings, the variation in amounts may be due to factors like economic conditions, unexpected expenses, and others, but the end goal is still to have enough to live on after retirement. The Value Averaging product is similar to DCA, which buys and sells over a specified period of time, but with VA, the amount bought or sold depends on market conditions (buying more tokens when the price is low, buying fewer tokens when the price is high).
๐ช PERPS (PERPETUAL TRADING)
Taking out a mortgage to buy a house when you don't have the full amount to pay upfront but can deposit a small amount and still acquire the house while owing the bank is similar to how Jupiter Perps work. You can use leverage to trade a position larger than your initial capital, allowing you to potentially make larger profits or larger losses๐.
๐ช BRIDGE COMPARATOR
When travelling from one country to another, you will need to exchange your currency for the destination's currency. Imagine having a platform that gives you the best exchange rate this is what Jupiter Bridge Comparator does. It helps select the most efficient bridge for transferring funds from other chains to Solana.
๐ช JUPITER LOCK
When a startup raises capital and needs a transparent and secure way to manage the funds, an automated lock mechanism that oversees this process can be related to Jupiter Lock, an open-sourced and audited mechanism to lock, vest, and implement cliffs for tokens in a transparent manner.
๐ช APE
Imagine a secure online marketplace where people buy and sell art pieces, rare cards, and posters because they're fun, unique, and highly sought after. That is what Ape by Jupiter representsโa secure memecoin trading platform for the degens.
These products can be accessed and explored through the Jupiter Station site: (https://t.co/YWqbv5C1WM), where you can learn more about Jupiter.
โ ๏ธ Subsequent educational posts about Jupiter will be shared under this post to ease your navigation around the Jupiter ecosystem.
If you gained a thing or two from this post, please repost for others to learn as well. Your feedback is essential so as to serve you better, so together, we can all make DeFi great!
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This version addresses grammatical issues, improves flow, and enhances clarity without changing the original meaning.
Doing a PPP memecoin experiment that might or might not involve airdrops.
To be part of it, QT this w your address (or just RT & reply)
To kick it off, hereโs mine:
AS3yMXa5yPRFeLgsdQkFR1KxBowExSY1JUzRGZj8iAMu
If we get enough real participants, the experiment will proceed ๐ฑ
Doing a PPP memecoin experiment that might or might not involve airdrops.
To be part of it, QT this w your address (or just RT & reply)
To kick it off, hereโs mine:
AS3yMXa5yPRFeLgsdQkFR1KxBowExSY1JUzRGZj8iAMu
If we get enough real participants, the experiment will proceed ๐ฑ