Lupei Orlza

[New Listings Feed @NewListingsFeed]

$PONS added to Robinhood assets

[Lupei Orlza @orlza]

@Tyler_Did_It

[Jupiter Uplink @jup_uplink]

BREAKING 🚨

Jupiter just integrated with Uniswap to build out the future of finance

Just use Jupiter 🦄

[Meteora @MeteoraAG]

The future will be tokenized.

Every asset, every market, on-chain and it all begins with liquidity.

With MET, we’re building the backbone of this tokenized future.
The rails, the liquidity, and the army that powers every market.

Checker is now live.
https://t.co/MTBtwCpanb

[Dhirk 🦣 @CavemanDhirk]

The Binance Trojan Horse:

More recently, Binance has been heavily diversifying in hopes of maintaining control and expanding its web of influence
Communities often put too much pressure on projects to force listings on certain venues. Every project knows that visibility is key and one of those venues is CoinMarketCap, which used to be an independent company but is now owned by Binance.

In order to maintain control over the space, you must own consumer-facing apps. Binance knows this - which is why it has invested heavily in consumer-facing businesses and implemented its “Binance Business Model” across them. They frame the costs as “Priority Fees” or “Marketing Fees” and proceed to charge fortunes for basic services.

Since its acquisition, CoinMarketCap has been operating under the same business model as Binance - charging exchanges $50,000 for what they call a “Priority Fee” due to “backlog.” Because... well, CoinMarketCap is Binance.

Decentralized exchanges that want visibility on CoinMarketCap are forced to absorb the cost. Pay $50,000 and you get listed. It didn’t use to be like this - but this is Binance’s way of maintaining control. Personally, I recommend boycotting CMC altogether and switching to better alternatives such as CoinGecko.

What about Binance themselves? Well

Their exchange takes approximately 9% to 11% in the form of tokens that comes back as sell pressure on retail and is framed as "Marketing Fee". This is the very same business model they run through and through.

The conversation usually goes as follows:

"We will list you for free - just fill in the form".

Once the project fills the form where they give out general information about themselves, the team, the project... they are then told that the free listing looks as follows:

1) 2% total supply
2) 3% total supply reserved for future airdrops to be distributed to Binance web3wallet users
3) 1% total supply for web3wallet marketing
4) Hundreds of thousands in USDC/USDT
5) 3% total supply reserved for BNB HODLer programme
6) $200K worth of your tokens based on your last valuation reserved for Binance affiliate marketing
7) $2M worth of BNB for security deposit

They also force you to list on PancakeSwap as part of their "Binance Alpha".

Why Pancake Swap?

Because this venue - is also owned by them. Whats more interesting is the fact that they frame this ask as "an assurance of interest". If you do large volumes and prove to be an interesting token - they will consider you to be listed.

But why do they do that?

To make preparations for their final "Max extract". You see - Pancake swap charges 33% of everything that liquidity providers make. The idea is that they put immense pressure on projects to perform , forcing projects to throw money and generate volumes..

Subsequently Binance extracts 33% of fees on this volume, It gets listed on Binance SPOT - they proceed to dump the tokens framed as "Marketing Cost" and on top of all of that they tell projects that if they fall beneath a certain price point - all of their security deposits will be confiscated.

And all of this is just a small taste of how they run business. A large chunck of the industry is being mislead into one big max extraction machine that is Binance and its cartel.

To be honest I have big respect for a lot of the venues that exist on Solana. Kamino, Jupiter, Meteora, DefiTuna, Raydium , Orca... They are far better venues to support and build on top of.

It is the responsibility of projects and communities alike to put their funds and support venues that uphold to the highest standard and grow the this ecosystem to the right direction.

TLDR : don't put pressure on projects to get listed on venues that max extract. We are responsible for driving this thing. Do your due diligence. Support the right people for the right reasons!

Solana!

[kash @kashdhanda]

A Fresh Start for $JUP (Major Changes Coming)

This one is for the token holders. The ride or dies. The folks who have held through up and down, supporting a project they believe has the ability to change the future of finance.

We know it hasn’t been easy lately.

But here’s the good news: we hear you. And we’re moving to make changes inspired by your ideas and our deep reflections on what $JUP should be.

In classic Jupiter style tho, this is going to be a somewhat long essay. Before we can step into the new future, we must acknowledge the past and clearly articulate how we’re changing our approach going forward.

But if you read the whole essay, you’ll find 3 major changes that demonstrate how important your feedback has been over the last few weeks/months.

—-
Reflections on $JUP

The $JUP token was initially aimed to be the lynchpin of the Jupiter DAO. That worked quite well to kick things off.

Together, we built the largest and most active DAO ever. We regularly had hundreds of thousands of voting wallets, voted on 20+ proposals, and pioneered concepts like Active Staking Rewards before anyone else.

In a time where it’s rare to see DAO proposals get more than 100 voters, we showed it was possible to build governance that massive numbers of people cared about. We likely experimented the most amongst all the major protocols about what it means to be a community, a DAO and a platform - and we most certainly learnt a ton.

But there were also problems that only became obvious over time. Specifically:

- Mechanics of governance turned some potential holders away from the token - for example, the frequency of voting and the 30 day lockup.

- We were spending too much time and energy on public comms around the DAO, reducing the amount of attention on the Jupiter product suite and the overall Jupiter mission

- Budgeting votes for Work Groups created a massive divide in the token holder base and drew negative attention to $JUP

All these, combined, had one MAJOR disadvantage - attention was consistently drawn away from the great work of the team/community towards things that drew the ire of token holders.

Fundamentally, the previous setup was not additive to the $JUP token.

To move forward, we need to keep what was good, and change what was not.

/// Major Change #1: Scaling Back the DAO
After countless conversations with token holders, it’s clear that the Jupiter DAO is an important vehicle.

Many $JUP holders believe deeply in the power of community governance, and are excited to be able to share their opinions and shape the future of Jupiter.

But these conversations have also made clear that the DAO should be laser-focused on extremely high-leverage actions. The constant flow of votes was a drain on token holder attention, especially when vote subjects felt “small”.

The other thing was that the votes, a major major driver of community attention, constantly drawn attention to, and vastly

Going forward, the DAO will have a narrower focus on broad tokenomics decisions and major treasury stewardship items.

This means no more Work Groups, fewer overall votes, and more focus in our public comms on products and growth.

Token Holders can rest assured the conversation about Jupiter will not be dominated by politics, while still being able to effectively drive decision making around key items that affect our collective future.

We are also going to be refocusing the community energy away from politics and towards a pro-social core mission - onboarding the world to DeFi - as will be explained in a separate community post by @AlleyCatNY.

/// Major Change #2: Reducing the Unstaking Window

Initially, we created a 30 day lockup on staked tokens. Given that Active Staking Rewards were high and governance votes were very frequent, this made sense to ensure only those who were longer term aligned with the Jupiter mission would be able to participate.

But now, we stand at a critical juncture. The key is not only to find long-term aligned holders, but to create more of them. And, as we’ve heard from many token holders, the unstaking window of 30 days is too long and turns away potential buyers (particularly large-scale institutional buyers).

To meet in the middle, we are going to reduce the unstaking period to 7 days without any penalty. This ensures those who are participating in governance are not simply buying/dumping $JUP to cast a vote, while still giving token holders the flexibility they want and need.

This change should go live in the coming weeks.

/// Major Change #3: Burn the Litterbox (subject to a DAO vote)

Finally, to kick off this new chapter of the DAO, we want to start with a critical vote that has been the subject of MANY conversations with token holders: the Litterbox Trust.

The Litterbox Trust receives 50% of protocol revenues from Jupiter and uses those revenues to accumulate $JUP from the open market.

It currently holds over 121m tokens (~1.7% of the total supply, ~3.8% of circulating supply), and grows every hour.

The original plan was to hold a DAO vote after 2 years to decide what to do with the accumulated tokens. But we’ve heard two different critiques.

First, some token holders have suggested that holding a large amount of $JUP without clarity on how the tokens will be used is creating uncertainty. By far the most common suggested solution is to “burn” these tokens.

Second, some token holders have suggested that the buybacks themselves are not particularly effective. The solutions for this are more varied - some want continuous burns, some want increased investment in product growth, and some want other use cases of the revenue.

Deciding what to do with 1) the current $JUP holdings and 2) the ongoing revenues are both massive decisions. They are the perfect example of the types of decisions that the DAO can and should have active input on.

Starting today, we’ll hold a period of public discussion on the first question (Burning the Litterbox). This will continue for ~10 days, with a formal vote to Burn the Litterbox’s existing holdings shortly thereafter.

After that, we will have a separate conversation about whether the $JUP Accumulation Plan should be continued, or if there are much better uses for the revenue.

If you’re a token holder, now is the time to make your opinion known, and to get involved again in meaningful governance!

–

All three of these changes are concrete and tangible, but I want to also point out a more philosophical change that’s taken place within the team.

For a long time, we didn’t give JUP the type of attention we give to our products. Each product has a clear value proposition, a marketing plan, iterative improvement process, etc.

And for a long time, JUP didn’t have this. We expected the market to understand the value of JUP based on the strength of our products, community, and vision. That was a mistake. And one that we are already in the process of fixing.

Going forward, we’re going to give JUP the attention it deserves.

We need to be incredibly vocal about the Jupiter story, about the JUP story, and about the story of DeFi going forward.

And we’re going to be having more conversations in public about other long term use cases for JUP that will integrate into the future of Jupiter platforms.

So here’s my free advice - if you’re tired of seeing talk of Jupiter, switch to Bluesky 😉

[Crypto Rover @cryptorover]

💥BREAKING:

🇺🇸 POWELL SAYS THAT QT WILL END IN THE COMING MONTHS.

THIS IS SUPER BULLISH! 🚀

[Eye @eyeonchains]

1/ An investigation into the alleged identity of the mysterious Hyperliquid/Hyperunit whale, who holds over 100,000 BTC. Recently, he sold over $4.23B in BTC to acquire ETH and is the same person behind the $735M BTC short order placed on the same platform.

[Binance Wallet @BinanceWallet]

Floating in the universe.

[Monad @monad]

airdrop claim loading
▓▓▓▓▓▓▓▓▓▓▓▓░ 98%

[Watcher.Guru @WatcherGuru]

JUST IN: MetaMask launches in-wallet perpetuals trading through Hyperliquid.

[Sorare @Sorare]

✨ We are moving to @solana 🚀

Our goal is to accelerate our vision of an open & on-chain sports platform for Sorare, where speed, liquidity and utility are at a core of a new digital sports economy.

It’s not a replacement, it’s an upgrade

A thread 🧵

[Ash Crypto @AshCrypto]

$ETH CRASH HAS NOW STARTED

[Binance @binance]

Binance will list @Aster_DEX (ASTER) with a Seed Tag applied.

More information 👉 https://t.co/kfCXUFCYPe

[Aster 🥷 @Aster_DEX]

Stage 2 Genesis (S2) has come to a close. As we turn the page, we now begin a new chapter, Stage 3 Dawn (S3)

For S2 only, we are adding more flexibility to how you can claim your S2 rewards:

Option 1: Receive your $ASTER airdrop as usual.

Option 2: Get a full refund of your S2 trading fees. Treat it as a 0-fee trading campaign.

You can choose option 1 or 2 when the claim page is available on Oct 10th and it will end in 48 hours on Oct 12th. If you don’t choose, the default choice is option 1.

The $ASTER token airdropped will be available on Oct 14th, and trading fee refunds will be processed in batches after the claim period ends.

[Binance @binance]

🔭🧎

[Coinbase 🛡️ @coinbase]

We've partnered with @Samsung to bring crypto to 75+ million new people.

[The White Whale @WhiteWhaleLabs]

🚨 Giveaway Time 🚨

Win 100,000 $TUNA 🐟

Released at 1,000 $TUNA/day for 100 days via @Sablier

Structured this way to teach the real value of HODLing: prize flows over time, not all at once.

How to enter:
1️⃣ Retweet this post (one entry per account)
2️⃣ That’s it

Notes:

This giveaway is run by @TheWhiteWhaleHL , not sponsored by or affiliated with @DeFiTuna

No purchase necessary. Multiple accounts/duplicate entries will not increase chances.

Winner will be selected randomly from all eligible retweeters on Sunday, October 5th at 16:00 UTC
Prize is paid on-chain via Sablier.

🫡 From the depths —
The White Whale 🐋

[Solana @solana]

Today, we welcome a new internet: @DoubleZero Mainnet-Beta is now live.

IBRL 0️⃣0️⃣

[Jupiter @JupiterExchange]

Remember when you could bootstrap your project with community funding?

Remember when you could support ideas you like without networking your way into a closed group?

Announcing: Decentralized Token Formation.

A new permissioned capital formation product representing the purest form of internet capital markets, powered by @jup_studio, bringing you the best of the ICO meta while protecting you from the worst.

Bringing you back to the days before multiple private funding rounds, endless side deals and your earliest investors hedging / OTCing / syndicating the projects they believe in oh so much became meta. Before who you knew mattered more than what you were investing in. Before supporting innovation became PvP.

High-caliber teams will be able to raise from their communities onchain, maximizing certainty, alignment, and transparency.

• Know exactly where all the token supply is - be it public float, team tokens, or liquidity provisioning tokens
• Know exactly the criteria for allocations
• Know that locked tokens are actually locked - verifiable on-chain, using Jup Lock.
• Know exactly when investors get liquidity

As a founder, by using DTF, you’ll be getting in front of the largest and most active community on Solana. And as a participant, you’ll be participating in a permissioned launch on fully transparent terms.

Jupiter will provide tech support, Meteora will provide liquidity support, and the community will provide emotional support.

If you’re a high-caliber team raising funds on Solana, reach out to @wassielawyer and make your best pitch.

We’ll be super selective with who gets to launch on DTF, so do not expect launches every day.

This is a new way of launching for a new era.
--
(and btw the first team is already confirmed and is a goddamn banger)