driffan.sol

2030 Lock-In Vote Begins: Let’s Go! Today, I am kicking off a vote that is deeply personal & important for me. I'm asking for the community’s help to stay fully locked in for 5 more years, while sending a powerful signal that we r here to build Jupiter for the long term, regardless of all ups & downs. Long Term Orientation First off, Jupiter has always aimed to be one of the most long term projects in the space - focused on the highest quality products, deepest community and most meaningful technology. We build our strategic operations around the same long term ethos, whether it is in reinvesting the treasury on growth initiatives, setting fees in a way that balances out project needs/ecosystem sustainability, performing a major supply/team allocation burn, team cliff lock, community eats first principles and most recently, sending half of revs to the litterbox trust. Community First In addition, we have executed 2 Jupuaries so far totaling 1.7B JUP, representing more than $1B in present value to the community, which was all done way before a single team member received a single JUP. These 2 Jupuaries, the very consistent community building approaches we adopted all throughout the first year of JUP, the G.O.A.T principles of the $JUP token, ASR, and an amazing Catstanbul event laid the groundwork for one of the best and vibrant communities in the space. Team Growth On the team side, we have grown from 15 people during the JUP launch to about 80 strong today, with new core skills across the entire stack - from deep blockchain tech, cryptography, mobile, distributed systems, community growth, liquidity systems, etc. These new people are now driving areas that are critical for the next 10x expansion of Jupiter, driving our journey from a defi protocol into hopefully one of the most important projects in the world in the future. There are 3 main areas for Jupiter: Jupiter: The best liquidity platform for trading, launch metas, mobile Jupiverse: A global movement to drive education, ideas and platforms Jupnet: Aggregate everything!! A lot of these efforts are obviously just recently announced at Catstanbul and very new. That said, I have been working with them over the past few months, and while it took us quite a while to organize internally and set the appropriate priorities, I am extremely confident that the output will be apparent in the immediate months/year to come. This new set of team members come from various strategic acquisitions (including 2 unannounced) and also recruiting the very best people we can find from the ecosystem. As the main cat/person (weremeow, geddit?) responsible for this expansion in scope and team, i will be directly accountable for the success or failure of these core initiatives. Comp For New Team Members The cash components of all acquisitions, team salaries and bonuses are all paid out via the team treasury. Additionally, these new team members have been allocated approximately 280M JUP (with a 3-4 year vesting schedule) for long term alignment. My 2030 Idea Initially, the plan was to release the required JUP from the team strategic reserve (see audits and essays for details on the reserve), but right before Catstanbul, i had an idea. What if I front the tokens using my full JUP allocation (283M after the 30% cut) and take the chance to secure a strong mandate from the DAO and community to lock-in for another 5 years, and in return for this commitment, ask for a 220M JUP bonus in 2030? There are a lot of questions about this proposal, so let’s dive in: Why front it from your personal allocation? I strongly believe in the quality of the team we have assembled, the importance of the work we are embarking on, and the potential of this work to return strong value to the jupiverse. As mentioned, I am the main one who started this expansion, so it is appropriate for me to have my full skin in the game (skin the cat) Why 5 years? First off, signaling. In a world of extreme short term gains and daily meme metas, i would like to signal to the ecosystem, market and team that we are very, very committed to taking the long term approach to 10xing Jupiter from where we are now. It is also an extremely strong signal to the team, partners and community that we are here to ride through all ups and downs, bears and bulls, joys and despair, a critically important attribute if we aim to get anywhere near our lofty goals. Lastly, it would be nice to just simply focus 100% on one singular, fully aligned, zero distraction goal for next 5 years - maximize the fuck out of jupiter n JUP. I really, really want to make it, you know? Why Vote? The most obvious reason is that I am requesting a bonus from the community reserve, so it needs to be voted on. Next, I previously committed to not touching my tokens till June 2026, so if i want to use my allocation for this purpose, i need to get this buy-in. Lastly, I think there are some really important questions that concern the entire crypto ecosystem around founder motivation, team comp, community involvement in projects, talent recruitment that are very, very much under discussed, so this is a good way to spark the conversation. Why Bonus? Why not do it for free? There are so many reasons, let me iterate it here. First off, i am not a saint, i would like a clear reward for showing this kind of strong commitment. Secondly, given that it does in fact bite into the community reserve, this means the community is giving me a clear mandate to lock in and focus. If there was nothing, it will not be a very meaningful vote, would it? Thirdly, I want more ownership in the protocol i started and built from scratch. 220M JUP bonus from the community reserve, plus the 280M JUP i will have a solid 500M JUP in 2030. This represents 7% of total supply currently. Given that I started Jupiter from scratch, rode through countless waves over 4+ years to bring it to where it is today, committing 5 years of lock in, i don’t think 7% is a lot if Jupiter continues to do well over this period. Vote: There will be 3 options for the vote. 1. Yes, meow fronts the 280M JUP and locks in until 2030 in return for a 220M JUP bonus. 2. No, the 280M JUP comes from the team's strategic reserve and meow’s JUP unlocks in June 2026 as planned. 3. Abstain If option 1 is passed, if the community feels it is not deserved, it can be vetoed upon and the bonus can be adjusted or removed. Also, I briefly proposed a 3rd option yesterday, but was convinced by many members of the community that there was too much overlap with option 1 and will distract from the spirit. In Summary: 1. I believe in the future of crypto, and therefore I embarked on a major expansion over the past year to secure the necessary team to build out the platforms for it. 2. I believe in the new team we have very strongly, and am willing to use my full personal allocation for the JUP needed for their alignment. 3. I believe in the future of Jupiter, therefore i want to double down, lock in and stand by the strategies and decisions i make. 4. I believe I deserve 7% of Jupiter if i commit fully now AND we do well over the few years. 5. I believe it would be way more fun to do it together with the jupiverse. 5 years is an eternity in crypto, but i am betting it will fly by with friends... right? In a very real sense, this is my own degen long term leverage play, and my leverage are the basics - best team, best community, best platforms, best ideas. Finally, I want to believe, lock in, ride it and shoot not for the moon of coz, but for Jupiter. Help me! meow PS: All links in replies, including link to vote and the 3 part essay with the full context PS 2: I will be on spaces / discord / livestream now and frequently for the next few days, come join in if any questions