durable

love the way @degenfatcats art turned out. this is the first one of my 609 cats that i checked. truly #nofloorcats.

@0xSoju this requires explicitly incentivizing long-term hodling, which sooner or later must take the form of some cash flow stream. in the absence of some kind of cash flow stream (ex BTC, which is unique), the speculative value decays over time and the chart grinds lower.

current apps are too pro-trading focused, optimizing for quick wins, sniping, low-latency data. we need to pivot from Pro traders to long-term hodlers

I want this is because I think @solana is missing a core of long-term, retail investors who fundamentally believe in crypto tokens, and want to hold them for the long-haul. we need to increase the quality of coins, variety of assets, and retain thoughtful investors.

@humafinance @jup_dao @JupiterExchange jup stakers were rugged

Huma and @jup_dao alliance vote has concluded with 86% of votes in favor! $HUMA Presale is now live for Huma OGs and JUP Stakers! Presale subscription ends May 25, 12:00 UTC, deposit USDC to participate. Presale tokens unlock 3 months after subscription ends. Check eligibility, allocations, and terms & conditions. presale.huma.finance

@marinonchain @jup_dao 1% is not a big number…

Ngl, if there’s one thing $JUP stakers can’t complain about—it’s being rewarded 💸🪐 Stakers could get early access to $HUMA if the @jup_dao upcoming proposal's approved 🧑‍🚀 ✅ 1% of supply reserved for stakers 🤝 ✅ >50% discount vs. last VC round $JUP stakers will eat GOOD🧑‍🍳

@letsfknbetonit Followed and retweeted Please help me 🙏 I just lost 300.5 SOL

@degencoinflip @letsfknbetonit better luck next time

lmfao just got a max win on @degencoinflip crash Giving away 0.5 sol to 10 lucky winners. RT + Turn on notifications + Tell me in comments why you should win

Thought this was a scam tweet but it's legit He just max won on crash +145 SOL

@mdudas doubling or nothing every day on @degencoinflip

@degencoinflip Money is like a breeze: felt in the moment, gone with a change in the wind

Money isn’t real, it’s a shared hallucination we chase while our lifetimes slip quietly away. We trade our only true currency — time — for abstract numbers, pixels, and paper illusions. We live entire lifetimes stacking imaginary riches, only to discover that we owned nothing but the fleeting shadow of belief itself. 🩲 RT + comment, 2 SOL giveaway

@MaxSol404 Need to be a limit on the frequency of votes

Read full proposal here: jupresear.ch/t/new-possibil… Like what you saw? RT & Hit like and share this with others ⤵️ x.com/MaxSol404/stat…

Jupiter DAO, is not working great. But I have a solution on how to help improve it. Please repost so this reaches the Jupiter team! (again) Thread👇

@CryptoBlocketh @weremeow @PatrickHay52093 @degencoinflip Let’s keep in mind that without incremental buyers, $JUP will trend towards zero. The pool of liquidity for people (including team members) to sell into is too small to absorb any significant selling. That is why creating incremental buyers through distros is worth the cost.

@CryptoBlocketh @weremeow @PatrickHay52093 @degencoinflip Corporate buybacks work (in theory) similar to dividends because there is no lock-up preventing folks from getting the economic equivalent of a dividend by selling into the buyback.

A Plan Forward The last few weeks have been an absolutely instructive lesson for me. While we ended Catstanbul on an extremely high note, announcing key initiatives like Jupnet, bringing together the amazing jupiverse, sharing important product evolutions like ultra mode/organic score, and delivering long requested token updates - the last few weeks have been brutal in terms of perception - and of course, perception is reality. Integrity of JUP To be very clear, i feel like we as a team have gone absolutely far and beyond any team in terms of protecting the integrity of the JUP token - note the 30% burn, the cliff lock up, the only community token audits done in crypto, me using personal allocation for team expansion and not taking a single jup till 2030, not a single JUP sold via OTC, and of course sending 50% of revs to litterbox. These are massive, massive commitments few other teams have done, and there is no team more long term aligned than we are in JUP. While this has obviously not mattered that much so far, i remain proud that we executed on the above. will it matter long term? inshallah. That said, what is not inshallah is the very urgent and real need to turn perception of JUP and DAO and Jupiter around. While many have correctly accused me of being an idealistic utopian cat, i am also a highly pragmatic one, so lets discuss what i got wrong, what currently plagues the project and share a plan to turn it around. Core Issues 1. The very, very public repeated votes on emissions (jupuary, 2030, budgets) created a reflexive loop where the fud over emissions took over as the predominant narrative. Example for Jupuary, the main harm by far was not even the airdrop itself, it was the worries about it that was the main damper over months. Ditto for everything else. 2. The community and DAO being torn apart by arguments over fairness, compensation vs working together to make progress towards being a truly global community. 3. The focus on budget over debating the scope made the discussions very unproductive, since the focus became on payments vs whether the workgroups actually can make the jupiverse great. Also, the word "work groups" is wrong - it does not indicate at all why it is so crucial that these people are to be voted on. 4. The lack of clarity on the role of the DAO and JUP in crafting the future of Jupiter as a project and how the DAO is helping value creation is creating a lot of doubt amongst many about the feasibility/necessity of it even. This needs to be a far broader and bigger conversation. 5. The DAO was formed just a year ago, with the workgroup idea completely brand new. Most DAOs don’t even work at all, with zero impact or engagement, so we basically had to throw out existing playbooks to make one that works. 6. While i am really happy with the engagement at the moment, it’s clear we need to upgrade and work towards more clarity around vote formation, open debate about need for votes, and more open clarify of funding. For example, many people do not know that the DAO’s operational budget of 10M was funded by team treasury and assumed it was from the selling of JUP, which cannot be further from the truth. Next Steps For DAO Here's my quick recommendations. I will let @kashdhanda take the lead on these along with the existing work groups - but here’s a starting point for what likely needs to change: 1. Stop budget votes for now. The team will shoulder the budgets for existing work groups and members if needed in the meantime. 2. Work through with the entire community on the role and scope of the DAO, along with how workgroups are branded and formed. Crucial to this is also the long term future of ASR 3. Importantly, the wider community needs to see how these initiatives lead to value creation for the jupiverse, which is where a lot of the meta-unhappiness is at the current moment. 4. Start brainstorming value generating DAO initiatives like LFG v2, and ways that the community can get involved in more new token initiatives like catstarter. 5. Launch jup-com, where we will explain the full scope of the jupiter project, explain everything in detail, including having the external JUP token audits to have one central place to establish facts about the project. 6. Take into heart the core criticisms by many about how the DAO treasury, community talent acquisition and how the votes can be a massive distraction, and change it up. Next Steps For Me Just as importantly, I need to drive focus back into why Jupiter is here in the first place. Too much of the discussion now is on zero sum token games vs how we grow both the jupiter pie and also the global pie. On the building side, we have 3 major things we need to achieve: 1. The superapp of crypto, on solana, for solana 2. The omnichain network to aggregate everything 3. A global decentralized community to push the meta forward On the narrative side, we need to do a much better job of explaining the higher level vision of Jupiter, how all the many pieces we do fall in together, and introduce the key people in the team driving things forward. I will focus on these, kash will focus on the above. 50/50 Experiment We are the first project in history to try to run a 50/50 experiment where we put tons of effort into both a strong team that is able to execute hard on strategy in a highly singular manner, but also a maintain a strong distributed community that can get behind and add tremendous value in a completely different manner. The going is tough, and critics would be right so far to say that we could have much better monetary outcomes for ourselves and maybe even the token if we were to stick to being the product and tech game, vs pouring our heart and soul into making this dynamic work. But I strongly believe that if we can make it work, the synergy of a world class platform alongside a cohesive synergistic community will be one crucial piece in our quest to bring the decentralized to the masses. 🐈🐈🐈 M

@CryptoBlocketh @weremeow @PatrickHay52093 they don’t need to be, i’ve “staked” my @degencoinflip NFTs for almost four years now and reinvested over 7000 SOL back into more NFTs (have never sold any). i’m financially incentivized to do so because i get SOL distributions weekly for holding and supporting the project.

@durablecapital @weremeow @PatrickHay52093 Are stakers not eventually sellers?

@weremeow @PatrickHay52093 buybacks only benefit sellers, there's no benefit to stakers from buybacks

@PatrickHay52093 ser, we did the max, max, max we can here already, sending 50% of revs to litterbox, which is what people have been asking for all year. it's time to grow the pie.

@EcstasyaNFT @weremeow @JupiterExchange Candidly, this groundless assertion is dismissively patronizing and representative of the toxicly positive feedback that's probably led $JUP to where it is today. Men lie, women lie, money talks.

@weremeow The actual problem is 90% of the JUP community is actually too lazy to read threads, proposals, and even this post... So they will keep ignoring everything about Jupiter and make noise. Keep working hard, keep building, @JupiterExchange will thrive no matter what!

@crypto_boomers @weremeow This is key. Right now, there is no benefit to staking $JUP except for more $JUP. There is no real value created therein for stakers, and therefore no reason for people to buy $JUP, which leads to the same cycle.

I think the biggest thing that could help right now is to see thei $JUP staking positions putting money back in their pocket ASR rewards have been mostly more $JUP, thus the only way to profit from jup is to sell it if $JUP staking became an income generating position via USDC/SOL emissions, for example, I think it would go a long way

@Jukuuuh @L0DIK @weremeow Consider that buybacks by definition only help sellers, not stakers. It's even worse than that because stakers don't even have the option to be sellers until a 30-day lock expires.

@weremeow @filiozem litterbox does not help stakers, only sellers. there is very little alignment because there’s a group of people who get JUP at a zero cost basis and everyone else who bought JUP and lost money. and the only thing you get for JUP is more JUP?!

@filiozem We do so much more for the token than practically all other teams - governance, no otc, alignment, full audit, 50% revenues to litterbox, locked cliff, no JUP till 2030 for me.