MaxedOutJuicer

Unpopular opinion: Maybe we should stop blaming projects for not doing airdrops. Teams that didn’t airdrop never faced the level of FUD that (Jupiter) $JUP and (Magic Eden) $ME faced after rewarding users. You reward thousands of users. many instantly dump the token then blame the team for “not supporting the price.” It’s a brutal cycle. Airdrops today are one of the hardest things a project can do. For a project to do a valuable airdrop today, it requires: • A real community
• Long-term believers
• A team willing to endure massive criticism Otherwise, the easiest option is simple: Just don’t airdrop. Maybe the only thing these projects should be blamed for is teasing an airdrop in the first place.

Most onchain assets have never had a money market. They remain illiquid, underutilized, and locked out of DeFi. That changes today. Introducing Jupiter Offerbook @jup_offerbook The money market for everything onchain.

one key difference between DeFi Natives and everyone else: DeFi natives are always optimizing yield. my approach: i swap all my stables into $JUICED (the @jup_lend receipt token for jupUSD). that gets me 5%+ on resting stables - no lockups, instant liquidity. but the best part is that $JUICED sits in my wallet. when i want to trade, i just swap $JUICED into whatever token i want. when i sell, I sell back into $JUICED and get back to earning yield. no need to click 5 times to withdraw/deposit. no difficulty in tracking gains. no bullshit, just yield.

@kashdhanda @jup_lend maxing out that juice😎

Introducing Jupiter Card: a fully integrated onchain card inside Jupiter Mobile. Built natively into Jupiter Mobile, use your wallet balance for spending: ✅Spend wherever Visa is accepted ✅Visa Infinite and Platinum virtual cards ✅1-1.8% FX on Card Spend ✅Funded by USDC, designed for smooth settlement. A fully integrated onchain card for everyday finance. Just use Jupiter (Card). @JupGlobal

Your onchain balance just became real-world spending-power with Jupiter Global. Spend, send, and pay directly from your onchain portfolio wherever @Visa is accepted, seamlessly. With @JupGlobal you’ll get access to: - Visa card accepted at 150M+ merchants - APAC QR payments on local rails with quick settlement to both personal and merchant accounts - Onramp and offramp via banking rails, low fees, and same day settlement Everyday finance, now onchain. Over the next few days, we’ll break down why Jupiter Global is the most complete onchain payment system ever built. Just use Jupiter (Global).

@sssionggg wtf

T-30

@KrownCryptoCave how to decrypt "= good" what are these cryptic cryptographic ciphers 🤔

BTC above $68,200 = good

@kashdhanda classic W devs

i fell asleep shortly after posting this but our dev team didn't. it was fixed within ~90 minutes of this post going up. nice.

@sssionggg hope pumpfun devs keep doing this and make it a weekly event, need more of this in this space ngl

reason why i was just waking up, went to bed at 4am because of this. why would anyone push out a breaking change then tell the world about it the breaking change only 30 mins later?

@xxjzhu wall street want tha tokens presidente involved with 😎🤙

Wall Street is coming for DeFi tokens

@MikeTheGambler_ thanks for sharing the info

I will be using my XXX,XXX voting power to vote for Net-Zero Emissions for the $JUP proposal. Yes, the team has f*cked up badly with poor decision making and especially poor communication but they can still fix this. They are getting big "smart money" investors which will open the floodgates to more "smart money" institutional investors over time, there will be Net-Zero emissions allowing buybacks to do what they were intended to do, Siong has hinted at more utility for $JUP, JupNet this year, plus everything else they continue to ship. If you have patience, then $JUP is inevitable.

@tradeit_gg 1.cs2(i really love the smoke and graphics and for me it gives better reg than csgo) 2.css(played way too much bhop and surf on this best community mapwise) 3.cs 1.6 (deathrun and jailbreak on this was peak and surf ski2) 4.csgo(most hours into this game but meh mid game~fun wise

What is the best version of Counter-Strike?

@chris_taylor option 1 is the long term believer play, option 2 if you want to unstake and sell the pump and cut losses OR buy huge ammounts stake it and vote option 2 and then with 0 emissions and team buying token, then unstake and jeet, option 2 if you want short term max gains. EZ katka

@wassielawyer thanks for taking the time and writing the long ass post, dont even want to fathom a reality where you arent part of jup and thus effectively we would have never got so much of the inner thought processes, albeit these dont reflect the broader team still it serves meaningful 📧

Some thoughts on the latest Jupiter proposal, Jupiter's tokenomics and emissions in general. Starting in reverse order, let's break down as a matter of first principles what emissions are. I think of emissions as a tax on the existing tokenholder base via inflation. When a token is emitted to a user as rewards, a project is essentially asking all existing tokenholders to subsidize the reward to the user. Similarly, when a token is emitted to a team member or an investor, you are socializing the cost of that team member or investor on the general tokenholder base. Now it is not always unreasonable for tokenholders to bear these inflationary costs. Tokenholders economic interests are served when the demand for the token outstrips the supply and there are scenarios where introducing more tokens into the market via inflation may create net demand (e.g. team is building a better product, more people use the product, more people want the token etc). The question is who should have the right to decide whether these inflationary taxes are worth paying? In this industry, it has always been the team. The team is the ultimate arbiter of the emissions schedule, of how many tokens hit the market and under what conditions. It is set (in most cases) at the TGE, and you just have to live with it if you want to participate. If you are a libertarian, one might consider this taxation without representation. Lets revisit this shortly after we consider Jupiter's tokenomics. Now onto Jupiter's tokenomics which has been the source of great discussion amongst the tokenholder base. I cannot profess to be an expert on it given I was an ETH maxi at the time Jupiter was launched, and only got into Jupiter after @weremeow shared with me his vision of the future and Jupiter's place in it. But here is my understanding of it - a lot of which is public information that is not commonly distilled, understood and circulated. On TGE, Jupiter allocated about half of the tokens to the DAO. The DAO subsequently approved 'Jupuary' a series of airdrops to be conducted in January of each year. The intention was to 'grow the pie' and get tokens into the hands of more users. 1.7 billion has been distributed and if Jupuary goes through, an additional 700m will be distributed, through an airdrop and various other incentives this year. The other half of the tokens were allocated largely to the discretion of the team, with emissions primarily going to team members / core contributors and Mercurial investors (the predecessor project from which Jupiter was created). The headline numbers are about 39m JUP a month to 'team' and about 14.5m a month to MER. Annualized, this is about 650m tokens to team members and to MER investors over 2026. This means that the net emission over the course of 2026 (assuming max Jupuary + team / MER) is 1.35 bn tokens - about 30 percent of the circulating market cap. Include ASR (200m) and we are looking at 1.55bn tokens. In January, the @litterboxtrust repurchased 25m tokens. Annualized, this equates to about 300m tokens (obviously this will increase / decrease based on revenue and token price). Let's call a spade a spade and address it head on. Jupiter's products are best in class but its tokenomics make it incredibly difficult for investors to gain exposure to its product suite. There is no equity - so the only thing you can do is buy tokens. But the only way you can buy tokens is to stand in front of a freight train of unlocks - over a billion net tokens in 2026 - from what looks like price insensitive sellers (they sell regardless of price). Thats your airdrop farmers and most of your MER investors. Without making JUP an investable asset (and this includes both supply and demand side), JUP will only bleed out with emissions. And who pays for it? Going back to the first principles of emissions - the holders. The people with the highest conviction in Jupiter are paying for the inflationary taxes in a bleeding market environment. The team is aware. Its why we have ASR and why we continue with ASR. The inflationary taxes are being somewhat offset by the highest conviction persons staking JUP to receive some level of staking rewards. The irony of course is that we are addressing inflation via more inflation. If we keep inflating, we end up in a negative flywheel situation bc we have to airdrop more to make it meaningful, allocate more JUP to team to make incentives meaningful then allocate even more JUP to stakers to offset their inflation. So now onto the proposal that fixes the broken tokenomics once and for all. Firstly, the team is fully aware that they need to be the highest conviction holders of JUP. Repeating this for the millionth time, there is no equity outcome for Jupiter employees. The founders have sold a total of zero tokens. The OG team (the earliest members with highest allocations) have sold a total of zero tokens. But as the Jupiter team has grown, there are necessarily tokens put in the hands of less convicted individuals, stakeholders of acquired companies etc. While it is our view that our allocations to employees and other stakeholders are in the grand scheme of things net value accretive to Jupiter, we need to put our money where our mouth is, in a universe where there is generally low trust in project teams. And so Jupiter is willing to backstop it with its own balance sheet. Secondly, the team is aware that emissions, especially out of the community treasury, should be a stakers' decision because as per above, the stakers are paying for these emissions. Jupuary was a highly optimistic plan approved in very different market conditions, devised by the most optimistic visionary I know. This is where I color this with my own strong personal views. It is no secret that I think protocols and Jupiter itself should be thought of as a nation. The first Jupuary created the Jupiter Nation. A group of aligned individuals in the success of Jupiter through JUP. Yet the massive success of Jupiter (and economic value of JUP) invited immigration, as successful nations do. Immigrants who do not assimilate undoubtedly fuck with a nations culture. And the second Jupuary (the largest 'second' airdrop as a % of the first) created a wave of 'immigration' with tokens being dropped in the hands of new valuable citizens - but also a ton of mercenary farmers interested in nothing but economic value. As meow says, it fragmented the community. People started looking for scapegoats - the new entrants, the old stakers, MER investors, DAO workgroups, the team, the founders themselves etc. What was formerly a strong nation became divided by anger and hatred. And now we are on the cusp of the third. The net result is that any citizens, old or new, which I broadly define as people actually feeling some sense of loyalty to Jupiter and tying their medium-long term economic fates to Jupiter and its vision paying the price. I caveat this as my strong personal view because the team, even at the leadership level, is consistently torn between the interests of users, team and stakers. To use the analogy I used at Cat Lumpur of Jupiter as a trading port nation - the interests of the traders (people who pay fees), government (people who build the nation) and the citizens (people who pay taxes) overlap but do not always align. My view is that there is no nation without citizens, and citizens should have a say in the use of their taxes. So the way I see this vote is not us asking JUP stakers (should I emit or not emit to users) - the way I see it is 'Should we seriously rethink our fiscal policies?' If the answer is 'no' - then we will respect the mandate of the people and proceed as per status quo, where the game theory is heavily in favor of selling, with every believer feeling increasingly silly every day. Then we rebuild in 2027. if the answer is 'yes' - then lets turn JUP to net zero emissions with a view to making it deflationary, because JUP being valuable not only increases the wealth of stakers and the team, but also provides a valuable lever we can use for the future. A decision we will again make together. I am not naive, I know that if the vote passes, the most mercenary users might move to other (inferior) platforms because they have no loyalty to anything. I'd be surprised if most of the people hurling the vilest insults have not already moved to other platforms after the snapshot closed so honestly, no loss there. But who matters at the end of the day are the people who are long-term aligned with Jupiter. The tax payers. And the heaviest taxpayers have been the stakers because of the invisible inflationary tax. And so they should decide. Finally, the team and long-term holders are aligned that JUP needs to be an investable asset. This is why we are agreeing to backstop the MER stakeholders as well from our own balance sheet. No more emissions and suddenly its clear skies for the protocol token of one of the most aggressively shipping teams in all of DeFi on the most retail-friendly chain - in an era where DeFi has the chance to become the default in the coming years. This vote is only the starting point. If Option 2 passes, it fixes the supply dynamics for good. Indefinitely. But it does not yet fix the demand side. The litterbox trust is presently a stop gap in creating demand (think of it as effectively as all onchain fee-payers pay fees 50% in JUP). More work will almost certainly come here as we commit, as Kash has said, to treating JUP as a product. These are my views only and do not represent the broader views of the Jupiter team or the leadership. There is no 'party whip' on this and team members are encouraged to express their views freely given this change also affects them.

@iamcs2kitchen are silent drops a feature or a bug 🤔 what if we learn these; just for valve to patch it

Anubis Silent Drops.

@firedsol @weremeow @kashdhanda totally agree.. the airdrop people will fud jup perpetually which is not fun to live thru.. and also get these mercurial people out asap as well.. honestly no need to pause team vesting .. i think we can trust team to do as they will as they have the best interest of jup anyways

Firstly, thank you @weremeow and @kashdhanda for listening to the community. My feedback on the Going Green proposal: Team vesting pause + Mercurial offset → Great moves. Full support. But postponing Jupuary? I think that's a mistake. Here's why: At current prices, the Jupuary allocation isn't going to cause the sell pressure people fear. Most loyal users who use @JupiterExchange are long-term believers. they're going to stake it, not dump it. Postponing rewards that people planned around for months damages trust more than a temporary price dip ever could. The snapshot is preserved, sure. But "we'll revisit later" with no timeline feels like an indefinite IOU. That's not how you reward your most loyal community. My suggestion: Distribute Jupuary as planned. Let the real ones stake. Pause team + Mercurial emissions to show conviction. You can protect the token AND honor your commitments to the community at the same time.

@0xfannz i dont understand why you lying about 700m airdrop pool.. its literally only 200m airdrop in march 200m bonus is for 1 year holder of airdrop and 300m is kept aside for jupnet which they have not dosclosed any plans for. if anything thats for jupnet users..

@kashdhanda @jup_dao thnx for the response, really love option 2 but must say this call and proposal should have happened way before CL, could have been the biggest W ever and avoided all the airdrop discourse altogether >benefit of doubt> idea came about really recently? if not then a bigly fumble

@MaxedOutJuicer @jup_dao gotta clear the slate and get this one out of the way first

New DAO Proposal: Bring Net Emissions To Zero (Jupiter Goes Green) Today, we shared one of the most important @jup_dao proposals so far. The objective: take $JUP net emissions to effectively zero. To be clear, we are not unilaterally deciding on this plan. This is exactly the kind of high-leverage decision that affects all token holders, and as such ought to go to a DAO vote. If the vote doesn’t pass, we will continue with Jupuary. The airdrop checker will be released ~Feb 28th and the actual airdrop will take place on ~March 7th. But if this vote passes, it will address a key point of concern from token holders, build a powerful narrative, and demonstrate a ridiculously high level of conviction in the long-term importance of $JUP. The proposal itself is live right now on the Jupiter Research Forums (discuss dot jup dot ag). We welcome comments over the coming 4 days. The vote will begin on Tuesday and go through Saturday (5 total days). Excited to see what folks think - I’m sure there will be many opinions, and me and the rest of the team will try to respond as much as possible.

@wassielawyer @Balls_Onchain @JupiterExchange read the proposal still confused how the actual selling buying event occurs/plays out,and for HOW LONG,will it be a one time buy of all the mercurial airdrop equi? or a wallet sniper that absorbs their sell? (posted same Question on forum, anyways appreciate you,ty loyer)

@MaxedOutJuicer @Balls_Onchain @JupiterExchange read the proposal. no more emissions. mercurial will instantly get unlocked and we will buy everything they sell.

Today we’re bringing forward an important proposal to effectively bring net emissions to zero for the foreseeable future. This involves: 1. Pausing emissions from the Team Reserve indefinitely 2. Absorbing any team sales of vesting tokens in the Jupiter treasury 3. Postponing Jupuary indefinitely 4. Accelerating and offsetting Mercurial vesting The decision lies with the DAO. Full calendar of events below