Konst

@JupiterExchange Cancell Jupuary as it was asked long time ago

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

@burnandclaim egod.skr

Solana Seeker Users Drop your username.skr here 👇 No questions asked

@meta_alchemist 0x53d9b04571718092731f93c81ab1a84c29c31009

For the attention of all washed KOLs, trencher, and Fortnite pro players: You might have realized by now that vibe-coded products are becoming the next big thing. Hereby, IdeaRalph has a proposal: What if every vibe-coded product had a coin: to pay the Claude, servers, marketing, and more? This would accelerate innovation, spawn more vibe coders, let great vibepreneurs access funding to build more, and make web3 the true home of all startups and innovation. Until now, you all have supported coins with no inherent value. You have stayed sleepless for days and months over coins with a dog, a cat, or a frog picture. You have acted cool because you supported all the useless stuff, and thought you were 200 IQ. Now, let's do the same with vibecoins. IdeaRalph is to set the stage for the spark of the vibecoin meta; it will be the MCP that spawns tens of thousands of ideas that will become vibecoins. IdeaRalph will be the Godfather of the vibecoins, able to create the movement with the vibe coders that use it. You give it the dumbest idea = and it can even turn that into genius. That's the Ralph Wiggum loop. IdeaRalph will have its own token. With no raise. All airdropped. It will have a mechanism that allows people who send their vibecoins created by IdeaRalph MCP to send a portion of their tokens to it, and holders of IdeaRalph will receive those tokens distributed to them equally according to how much they hodl. IdeaRalph will launch from vibe/vibe as the Godfather of the vibecoins. What's vibe/vibe? Do some research. Destination will be: BASE. Drop your 0x wallets. A REAL RALPH WIGGUM LOOP BEGINS HERE. FOR THE VIBECOINS. FOR PUSHING PRODUCTS. FOR TRANSFORMING THE DEGENS SPIRIT TO MACHINES OF PRODUCTION.

0x53d9b04571718092731f93c81ab1a84c29c31009

@firedsol 80m

What’s your expectation for $SKR FDV at TGE? Closest estimate will be rewarded by 1000 $SKR.

@FabianoSolana Stop issuing new token, continue buyback and add utilities. People were were happy to gave another 2 Jupuary. Many who voted yes sold their tokens and move on, however, holders left with the pennies Constant supply dilution is the main problem.

REVENUE SHARING Buybacks for JUP don’t work just because they’re buybacks. They don’t work because people currently don’t see a reason to hold JUP. What happens? People sell into the buyback bids. IMO, the process should be: 1️⃣ Give people a reason to hold the token Give them hope and a clear narrative for why the price could go up. This is currently missing with JUP. You obviously have: One of the best teams and the best products But the token isn’t tied to the company. So even if the company is extremely successful, people have realized that it won’t necessarily benefit the token (deeper issue: token ≠ equity). 2️⃣ Do buybacks (after 1️⃣ is fulfilled) Buybacks and burns are still among the best deflationary mechanisms we have — but they take time. They’re often an exponential process: People only start noticing and pricing in the deflationary effect at a later stage. So what should be done right now? I still think ASR in $ (jupUSD) is the key. Currently: 50M JUP (~$10M) is distributed as staking rewards every quarter These funds come from unclaimed ASR, Jupuary, etc. The problem? Most people dump these tokens to offset losses. The solution? Jupiter uses 50% of its revenue to buy JUP tokens for the Litterbox. Each quarter, they buy between $10M–$20M worth of JUP. However, as described above, the effect has been minimal, even when combined with burns. A potential alternative What if we redirected those $10M toward staking rewards, instead of buying JUP for the Litterbox? At current prices, this could result in roughly 25% APY — which is insanely attractive. Even though this isn’t a directly deflationary mechanism, I’m confident it would benefit the token price more than buybacks alone. ps. this is my personal opinion and I could be wrong but I genuinely love Jupiter and the whole community

@sssionggg Stop issuance of new token and not buyback, supply > demand, price goes down 🙈

what do you all think if we stop the JUP buyback? we spent more than 70m on buyback last year and the price obviously didn’t move much. we can use the 70m to give out for growth incentives for existing and new users. should we do it?

@mert In 100 days

$50,000 in 1,000 days study the situation in california study the situation in europe study private asset seizure encrypt the money

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@antmillionsbot Thank yoy

@solanamobile @Backpack Do not approve kyc

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@mert Bravo finally

I'm close to declaring war on the idea that bitcoin is the one chosen and true asset nothing on earth is infallible and the one way for sure to lose is to pretend you have won everything and stagnate in your arrogance unlike gold, software is tech, and tech must evolve

@BinanceWallet Bravo

Dear User, In-line with our commitment to protect our users and provide a fair platform, last week we banned over 600 accounts that had misused Binance Alpha by fraudulently using automated tools (e.g. “bot farms”). We are enhancing our user feedback mechanism, and we encourage the community to actively report any fraudulent activities or abuse of the platform. With immediate effect, if a reported account is verified by us to have breached the Binance Terms of Use, the Binance Wallet Terms of Use and/or misuse the Alpha platform, we reserve the right to permanently ban the account from participating in all Binance campaigns and promotions and claw back the account’s Airdrop and related earnings. The first user who submits a verified report can receive a reward of up to 50% of the recovered earnings from the reported account. When submitting reports via our official link, please include as much information as possible (e.g., screenshots, UID, IP address, or related blockchain addresses, etc.) binance.com/en/survey/cb40…

@kashdhanda 1) Stop airdropping tokens for people for free, another jupuary will juat tank the price 2) Fix the swap! The titan is stepping on your shoes! 3) Burn the tokens, the amount you issue new tokens does not move the amount you buy Fix tokenomics !!!

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 😉

@RuneCrypto_ Binance made 20-40b during the crash, do not be fool and buy aster instead

“binance is a scam” “#BNB is a scam” but let’s look at the facts: #binance paid $80M+ to users after the USDe depeg. they’re refunding $400M to people who got liquidated. bnb chain is refunding $45M to users who lost money trading memecoins. they don’t have to do any of that. they don’t profit from liquidations, that’s a zero-sum game. they make money from volume, from people using their protocol. they’re literally doing everything for users, not against them. and still, people hate. stop blaming, start understanding who’s actually building for you. #BNB

@0xfixit @RuneCrypto_ Was funny indeed

@RuneCrypto_ 'they don’t profit from liquidations, that’s a zero-sum game' - you must be joking

@SuiInsiders @SuiNetwork 21

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@Flipgg_ @0xzeus50 Go

sending out 50 affiliate badges today ($3k value) active solana people only reply here 👇