Jup Nexus

Fundamentally we don’t believe in creating solutions to problems that don’t exist, and we believe in leveraging strengths and synergies across different groups to maximally achieve any aim. The Catdet WG work closely with CWG, the team and other WGs to achieve our mission and help them achieve theirs so that together J.U.P can move towards the meta.

Cas

Durden

Ea$y E

Famous Cloudzz

Irish

Kash

Kemosabe

Meow

Morten

Opacks

Organized General

Pedro Pereira

Rolex Gold

Sax

Seb Monty

Slorg

Srijani

c2yptic

catoshi

julianhzhu

julz

wake

xianxlb

Meow

Essays

Jupiter DAO Microgrants Initiative

<h1><a name="p-36549-purpose-1" class="anchor" href="#p-36549-purpose-1"></a>Purpose</h1>
<p>The Purpose of this Proposal is to fund a microgrants system which will serve as a fundamental step in progressing towards a Trial WG.</p>
<h1><a name="p-36549-intro-2" class="anchor" href="#p-36549-intro-2"></a>Intro</h1>
<p>How does one progress from a new DAO member to a full-fledged workgroup within the JupDAO? Up until now the trial work groups were the main way for community members to participate in the system.</p>
<p>However, they are intensive & demanding, lasting 3-6 months and requiring a large commitment involving working in public.</p>
<p>In response to this, we retrospected past initiatives as case studies to develop a system where DAO members complete grants as a fundamental first step.</p>
<details>
<summary>
DAO as MMO Thesis(Optional Reading)</summary>
<p>Success within the JupDAO mirrors the dynamics of an MMORPG. Every new DAO member starts at the “character creation” stage, akin to starting a new game. It is important to remember that, regardless of your past achievements or expertise, within the DAO you start fresh. Engage with the community, pinpoint a mission, and start your adventure. As you contribute & help others, you will accrue reputation, rewards, and skills, much like gaining experience in a game.</p>
<p>Advancing within JupDAO requires collaboration. In the world of MMORPGs players join guilds or factions to tackle more daunting quests. Similarly, in the Jupiverse, one must demonstrate their value through active participation and successfully completing small quests (micro-grants). Once doing so, a member may be ready to join or establish a work-group. These groups, much like guilds, require the appropriate level of experience, initiative, and knowledge to tackle significant challenges. The leader of each group should have successfully ascended the ranks by garnering good-will, feedback, and comradery from fellow community members. Together, work groups pool their skills to embark on larger, collaborative journeys.</p>
<p>Successful completion of a trial phase, as validated by the CWG and the team, may lead to participation in a high-level, ongoing quest. In gaming, highly skilled and hardened players tackle complex challenges that demand not only sophisticated knowledge of the mechanics of the game, but also strategic planning, cooperation, and reaction time. JWGs operate similarly, consisting of veteran crypto-workers who collaborate towards grand objectives. This stage of evolution demands remarkable initiative from all participants in addition to a fully unified vision that compliments the other JWGs and the team.</p>
<p>JupDAO is continuously evolving, marked by complex plot twists and challenges. High-level teams must have extreme adaptability, finesse, and a meaningful commitment to being persistently engaged and responsive. For those who navigate the trial stage effectively & efficiently, an end-game quest may appear in the form of a Jupiter Work Group. JWGs are engaged in sustained & impactful projects that define the future trajectory of the DAO: ready for activation at any moment, new quests continuously emerge & plotlines shift, pushing the boundaries of work, co-creation, and collaboration within the DAO.</p>
<p>Engage with the DAO as if it is a videogame that can change the world and you’ll do great.</p>
<p>To Summarize:</p>
<ol>
<li>Select Your Avatar: Who are you within the game? What are you good at?</li>
<li>Level Up: Complete quests and challenges such as grants.</li>
<li>Form a Party: Band together with your comrades</li>
<li>Propose a Raid: Lead said group into your first big quest (Trial Work Group)</li>
<li>Review Your Strategy: Retrospect on your successes, failures, and achievements with the community & CWG.</li>
<li>Reach for the Infinite End-Game that is becoming a JWG, if you fall, simply rouse your crew and try again, perhaps with a different questline or party members this time.</li>
</ol>
</details>
<h2><a name="p-36549-the-grants-council-3" class="anchor" href="#p-36549-the-grants-council-3"></a>The Grants Council:</h2>
<p>This will be initially comprised of the CWG and Catdets. It will start with 3 CWG signers, in addition to the Catdet Working group who will be delegated 2 votes. Every 6 months the catdets will gain an additional vote, eventually outweighing the CWG.</p>
<p>The idea behind this is that over time the community will take over the process more and more, but initially it has adequate oversight by the CWG to provide the necessary activation energy.</p>
<p>The purpose of the grants council will be to determine the following:</p>
<ol>
<li>To determine if someone can proceed and execute on a proposed grant.</li>
<li>Sharing the responsibility with the team of selecting which pre-trials can proceed to a DAO vote to become a Trial.</li>
</ol>
<p>Ultimately the DAO is the final say in the instantiation of Trials and Workgroups. However, we do not want them to become oversaturated with votes, applications and information. Having the grants council as an initial filter will create an adequate balance, and with retrospectives built into the process the council can justify or elaborate on any decisions they make to the DAO.</p>
<p>During the first retrospective period, during which the grants system is re-evaluated with the community, any changes can be made to the system if desired. It is important to note that this proposal is the first step in designing a successful grants program, it is not the final product.</p>
<h1><a name="p-36549-the-evolution-hypothesis-4" class="anchor" href="#p-36549-the-evolution-hypothesis-4"></a>The Evolution Hypothesis</h1>
<p>We believe that the effective progression system within the Jupiter DAO will fall into 3 separate stages. This hypothesis is what we will be testing with this initial proposal and action period, should it pass.</p>
<p>It will be re-evaluated and improved upon completion of the periods and disbursal of the grants budget.</p>
<details>
<summary>
Stage 1: Grants</summary>
<p><strong>Pre-requisites:</strong><br>
<strong>1. Demonstrate Initiative:</strong> Identify a problem or develop a new initiative that aligns with the DAO’s goals or challenges. Prove you can help others.<br>
<strong>2. Actively Engage:</strong> Participate in DAO meetings, inquire about ongoing projects, and offer assistance to fellow members.<br>
<strong>3. Build a Network:</strong> Connect with previous grant recipients to learn from their experiences and understand the paths to success.</p>
<p>Considerations: Your history, CV, past deliverables, standing in the ecosystem and DAO, DAO activity, prior work in public, and commitment to the DAO.</p>
<p><strong>Action Items:</strong></p>
<ol>
<li>Read the guidelines and retrospective documents put out by the CWG</li>
<li>Make a proposal</li>
<li>Promote your proposal publicly and gain traction and sentiment from other $JUP holders.</li>
<li>Formally present at a CWG office hours session.</li>
<li>Demonstrate your ability to execute your proposal.</li>
<li>Alternatively, answer the call to action and complete a bounty from a current WG.</li>
</ol>
<p><strong>Opportunity Window & Length</strong></p>
<p>Time & Opportunity Indefinite: Members may propose or complete as many grants or bounties as they wish.</p>
<p>The ability to formally proceed is determined by the grants council.</p>
<p><strong>Accountability</strong></p>
<p>Delivery evaluated upon completion for the grant in addition to maintenance of your Jupresearch post.</p>
</details>
<details>
<summary>
Stage 2: Trial Work Group</summary>
<p><strong>Pre-requisites:</strong></p>
<p><strong>1. Team Composition:</strong> Form a group of at least 2 members who have completed at least 1 grant in addition to other provable work history within the DAO(be it an additional grant, a bounty, etc). Ensure the group has a solid portfolio and standing within the DAO.</p>
<p><strong>2. Invitation:</strong> Receive an invitation to apply to kickstart the process from the Grant Council or the Jupiter Core Team.</p>
<p><strong>3. Retrospective:</strong> Perform a retrospective on your grants process: lessons, challenges, and achievements.</p>
<p><strong>4. Present & Pitch:</strong> Present your trial proposal on the CWG office hours, in addition to other places including but not limited to(the Jupiter planetary call, Jup & Juice, etc).</p>
<p><strong>5. The DAO Vote:</strong> Proceed through the DAO Vote process, present your proposal to the DAO for feedback, and post the final version.</p>
<p>Guidelines: Follow the forthcoming trial proposal guidelines for structuring proposals and the financials within.</p>
<p><strong>Action Items</strong></p>
<ol>
<li>Ensure at least one member attends weekly CWG office hours to give updates and field questions.</li>
<li>Continuously broadcast your efforts via the jupresearch post, attending events, public work sessions, etc</li>
<li>Make progress towards your ‘meta goals’, making note of any executory pivots.</li>
<li>Over-communicate at all times and become your own advocate, ensuring you develop a platform and take initiative.</li>
</ol>
<p><strong>Opportunity Window & Length</strong></p>
<p>4-6 months</p>
<p>Invited by the Grants council, or Jup Core Team to progress to the DAO vote stage.</p>
<p><strong>Accountability</strong><br>
Mechanisms include the retrospective, mandatory CWG office hours attendance, maintaining Jupresearch post to demonstrate progress & deliverables, and Social Accountability.</p>
</details>
<details>
<summary>
Stage 3: Jupiter Work Group</summary>
<p><strong>Pre-requisites:</strong></p>
<p><strong>1. Invitation:</strong> Be invited by team or grants council to make a proposal.<br>
<strong>2. Retrospective:</strong> Conduct a full retrospective from the trial, making note of any changes in scope or direction<br>
<strong>3. Proposal:</strong> Create a proposal utilizing the forthcoming JWG proposal guidelines, present to the CWG and team for feedback, endorsement, and review. And ensure you adequately broadcast to the community via multiple avenues(office hours, planetary call, Jup & juice, forum post, events, etc) to collect feedback before posting the final version.</p>
<p>Vote: Pass the community vote, engage consistently with any meaningful concerns, and add clarity and hop in voice channels as-needed.</p>
<p><strong>Action Items</strong><br>
<strong>Broadcast:</strong> Ensure that your work group is effectively broadcasting to the DAO on all completed initiatives and calls-to-action, if necessary, create new broadcast channels.<br>
<strong>Evolve:</strong> JWGs handle significant initiatives that have a profound impact on the DAO. This requires adaptability and a proactive approach to new information. What is relevant one week may not be relevant the next. Reference the OODA Loop model.</p>
<p><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/1cd63edf5445e56ddabf63ba019588ab6e0c338b.png" alt="image" data-base62-sha1="476o4pgJDyYo9r7OCF6AWvYbptp" width="496" height="495"></p>
<p><strong>Opportunity Window & Length</strong></p>
<p>Budgets voted upon yearly.</p>
<p><strong>Accountability</strong></p>
<ol>
<li>Meow and the core team hold the authority to nuke a workgroup at any time</li>
<li>In the case of emergency, If the CWG & Grants council votes unanimously, they can implement a pause on a workgroup until next steps are figured out with the DAO.</li>
<li>The yearly budget & social accountability.</li>
<li>Quarterly Reports</li>
</ol>
</details>
<h1><a name="p-36549-the-ask-5" class="anchor" href="#p-36549-the-ask-5"></a>The Ask</h1>
<p>To fund the initial trialing of this microgrants system, we propose a budget of $150,000 USD. This budget will be used entirely to fund grants and should last 3-6 months or until the amount is exhausted.</p>
<p>If we assume that the average grants will be between $2.5k-$10k in scope(with no minimum), then this would amount to a rough average of ~30 grants. This would provide us with an adequate amount of data to successfully determine with the DAO which next steps we should take.</p>
<p>At the conclusion of this funding round, there will be an intensive retrospective period to discuss its results with the community, and there we can either scale the system up or alter it in response to feedback & data. During this period, any changes to the system can be deliberated upon and implemented.</p>
<blockquote>
<h1>FAQ Section</h1>
<ol>
<li>
<p>Is this a Workgroup?<br>
A. No, this is not a workgroup. Rather it is a microgrants system with 100% of the budget allocated for grants.</p>
</li>
<li>
<p>What do comparable Grants systems look like on Solana in terms of their funding?<br>
A. It ranges widely. At the upper end you have things like the Bonk Community Fund which holds nearly $8 Million dollars in funds. More typically you have instances such as Drift or Metaplex which range between $150k-$250k.</p>
</li>
<li>
<p>How is the money for this used? Are people getting paid to run it?<br>
A. The CWG and CAWG are already being paid, and already have accountability to the DAO. Neither of these groups will be receiving any pay from this proposal, as it is already part of their responsibility list. It is entirely allocated for community grants.</p>
</li>
<li>
<p>Do these grants apply to greater Solana ecosystem initiatives or products?<br>
A. This initial grants round is entirely focused on internal facing grants, and bolstering the Jupiter DAO itself. At a later date in the future, we can consider external grants. But for now that is not the focus.</p>
</li>
<li>
<p>Is there a JUP token allocation for these grants?<br>
A. Not at this time. Initially, the grants will be USD only.</p>
</li>
</ol>
</blockquote>
<h1><a name="p-36549-conclusion-6" class="anchor" href="#p-36549-conclusion-6"></a>Conclusion</h1>
<p>We look forward to helping to empower the community. There are many within the DAO who are ready to get to work on behalf of the Jupiverse. And we know with the right support, that they can and will do incredible things.</p>
<p>We believe that this is the first step in progressive decentralization of the Jupiter DAO, and that this system with guidance, can be effective in achieving the end-goal of action-oriented decentralization. As Meow has stated, we practicalize DAO’s, not romanticize them.</p>
<p>Similarly to the token-list system: initially it was run by the Team, then the Team and the CWG, and currently the former groups and the community. We see this system as an inspiration for how systems can be community run over time and hope to eventually follow in those footsteps here as well.</p>

Slorg

Announcements

Recent Jupiter Product Wins & Ongoing Issues

<p>We’ve spent a lot of time improving Perps and Ape recently , such as improving the reliability of Perps during volatility and adding tons of new features and improvements to Ape.</p>
<p>In the past 2 weeks, we also worked hard to ship Jupiter Spot.</p>
<p>With the release of Spot, we saw a lot of new users and folks try out these features for the first time. Combined with the recent weeks of volatility, our DCA and LO have underperformed our standards.</p>
<p>After improving the reliability of Perps, we’re focusing a lot of core improvements to Limit Orders and DCA, primarily around the infrastructure to handle the exponentially growing number of tokens and orders.</p>
<h3><a name="p-36035-recent-product-wins-1" class="anchor" href="#p-36035-recent-product-wins-1"></a>Recent Product Wins:</h3>
<ul>
<li>Huge performance improvements in DCA, much faster to process orders now (1m30s to 4s) to process orders</li>
<li>Increased routing performance / cut down latency by almost 90% by smart filtering of unsuitable routes generated by tons of long-tailed token activity.</li>
<li>Improved priority fee estimation, pulling exactly the accounts that a swap uses, instead of global fees. Improved transaction landing rate during congestion while saving priority fees.</li>
</ul>
<h3><a name="p-36035-cool-upcoming-stuff-2" class="anchor" href="#p-36035-cool-upcoming-stuff-2"></a>Cool Upcoming Stuff:</h3>
<ul>
<li>Dynamic Slippage V2, with heuristics and backend endpoint. Based on the type of the token, we will set the min and max caps. Also, partners swapping with Jupiter API will be able to access dynamic slippage as well.</li>
<li>Profiles, allowing you to quickly toggle between different ways of trading, including a default mode that lets the team adjust things to optimize landing rates.</li>
</ul>
<h3><a name="p-36035-present-issues-3" class="anchor" href="#p-36035-present-issues-3"></a>Present Issues</h3>
<p>Users have seen a small increase in time taken for limit orders to fill, this is mostly due to congestion making it difficult to land transactions. We also need time to retry transactions, and sometimes the window of opportunity closes before we are able to fill the order.</p>
<p>This, coupled with the exponential number of new tokens makes it hard to fill orders timely.</p>
<p>To make Limit Orders great again, we need to optimise our infrastructure for speed. It’s the only way to deal with the exponentially growing number of tokens. We’re also making improvements to our Pricing API, which will help us know when orders are executable as well.</p>
<p>In the short run, we are exploring limiting the use of the Limit Order feature to only be available for the top 100 tokens. This will make it much more reliable for our users, and we will scale up the number of tokens as we optimise the infrastructure.</p>
<p>On the DCA front, we saw some issues in a 6 hour window last week. These issues have long been fixed, and DCA orders are filling as expected.</p>
<p>We’ve also successfully made tons of speed improvements, and we are seeing roughly a 50% increase in orders filled on-time compared to before improvements. We’re confident that DCA is performing as we expect, please let us know if you are facing issues with the platform.</p>
<h1><a name="p-36035-summary-4" class="anchor" href="#p-36035-summary-4"></a>Summary</h1>
<p>At Jupiter we work extremely hard on product, and trying to make sure that users are happy using Jupiter everyday.</p>
<p>Despite best efforts, we’re underperforming our own expectations for ourselves, and we want to do better for our users</p>
<p>We’re extremely sorry for the recent issues, and unhappiness among our users, and we’re working to improve this. Expect to see more improvements and announcements soon!</p>
<p>If you have issues, please reach out to us on Discord!</p>

Announcements

Open Sharing About Issues With Spot

<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/9bb5c2a2c878bbd292b6c66be416d5453f4bcb3b.jpeg" data-download-href="/uploads/short-url/mdtqvxbvc9OWI8vtsJLq6eUwDur.jpeg?dl=1" title="Frame 3" rel="noopener nofollow ugc"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/9/9bb5c2a2c878bbd292b6c66be416d5453f4bcb3b_2_690x235.jpeg" alt="Frame 3" data-base62-sha1="mdtqvxbvc9OWI8vtsJLq6eUwDur" width="690" height="235" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/9/9bb5c2a2c878bbd292b6c66be416d5453f4bcb3b_2_690x235.jpeg, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/9/9bb5c2a2c878bbd292b6c66be416d5453f4bcb3b_2_1035x352.jpeg 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/9/9bb5c2a2c878bbd292b6c66be416d5453f4bcb3b_2_1380x470.jpeg 2x" data-dominant-color="E1EBEF"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">Frame 3</span><span class="informations">1800×615 107 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p>I want to share openly about a number of problems we are facing w the spot product at <a href="https://x.com/JupiterExchange" rel="noopener nofollow ugc">@JupiterExchange</a>, what we are doing about it, and commit to a more open and public approach to solving problems together.</p>
<p>First off, we actually spend a crazy amount of effort trying to protect the user and ecosystem, but sometimes to the demerit of the user experience.</p>
<p>For example, we worked hard on a number of automated (dynamic) slippage / gas calculations, and max gas settings to help the user execute on the lowest possible settings, and prevent raising the floor for others.</p>
<p>This approach works well in regular times, but in volatile times, it leads to situation where the user gets incredibly frustrated about txns and failures.</p>
<p>This was the case over the last few days, with the case of Monday compounded by an error in gas estimation.</p>
<p>We are working on few things right now, including better heuristics for dynamic slippage, a yolo mode to easily switch, and alert if max gas is too low in cases of high congestion. We will roll these out very soon, but if anyone has any thoughts or ideas, I would love to hear from them as well since this is a point of massive concern (and often heated debate) within the team.</p>
<p>The other thing that we do is maintain a free tier quote api that is very widely used (which we spend a ton on), but currently abused severely by people spinning up new machines to bypass rate limits, and we are stuck between an endless game of increasing the servers or face possible service degradation for our own users!</p>
<p>In this case, we might have to severely limit the free quote api and have an access key based access to the api instead.</p>
<p>One last thing is that it’s impossible to provide the same level of UX as a bot from user interface improvements, which means that the inevitable path will be to have bot based execution for any semi competitive swaps, which is of course what <a href="https://x.com/ApeJupiter" rel="noopener nofollow ugc">@ApeJupiter</a> and other automated buying systems do.</p>
<p>Anyhow, we deeply appreciate all our users and we do a lot to keep everyone as safe and optimized as we possibly can. But some of these measures might have been counter productive, creating a number of user unhappiness we see today. We will persist and work though them, and all feedback, good or bad is incredibly valuable as we work through all these issues.</p>
<p>PS: I’ll be opening up similar threads for the main things we are working on, including LFG, ape and other services. Looking forward to chatting w everyone.</p>
<ul>
<li>
<p>For convenience, we calculate the gas required for execution on the frontend, but there was an issue that caused us to miscalculate priority fee estimation. This bug did not manifest in regular times, but became a major issue during peroids of heavy congestion. Totally our bad.</p>
</li>
<li>
<p>For DCA, we had a downtime for about 6 hours due to a CU estimation error. This caused massive inconvenience to users, causing many orders to not fill. We are incredibly sorry for this - and we will be reviewing our ops to be much more alert to these.</p>
</li>
<li>
<p>To ensure safer execution with DCA, we also do a price and slippage checks before executing the trade. However, for low liquidity tokens, the mark price and the execution price can differ dramatically, causing the engine not to execute the trade. When this safety is constanty triggered, but the information is not shown on the UI, it can cause a lot of frustration for users who thinks the engine is not running.</p>
</li>
<li>
<p>For example, the usual mark price for a token in an exchange is taken as the last trade or the current quote price in an AMM. This works well for tokens w robust liquidity (like SOL), where the price for a $1 trade will be similar to a $1000 trade. However, for a low liquidity token, both the mark price and actual execution price can differ rather drastically, causing the keeper to not execute the trade to protect against bad rates.</p>
</li>
<li>
<p>To help this issue, we will be putting in more information in the ui, as well as having smarter safety checks, vs a one size fits all approach to safety checking. These wil be implemented over time incrementally.</p>
</li>
</ul>
<p>Apart from these, I am aware there have been ongoing issues with limit orders, price api and very long tail token discovery - i will explain all these issues in a later message and our plans to fix them.</p>
<p>Next week, we will do a “real talk” planetary call, where we will discuss our progress and challenges across a range of fronts, including team, focus, product, community and token alignment.</p>
<p>In the meantime, I will try to do a space or discord vc over the weekend as well to share more about what’s going on and happening.</p>
<p>Once again, we are incredibly grateful for every single one of our users and community members, and i am sorry for any technical and communication lapses. we will make both the platform and space as good as possible, and communicate to the best of our ability.</p>

Meow

Essays

Proposal: Enhance certainty for JUP holders and community via a token supply reduction

<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/8/85fc73c2ad9cd81f8aefc5cf69bd2037dad69e0c.jpeg" data-download-href="/uploads/short-url/j7inyiCgONO6i1h3JQTIKxads8k.jpeg?dl=1" title="J4J #1" rel="noopener nofollow ugc"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/8/85fc73c2ad9cd81f8aefc5cf69bd2037dad69e0c_2_690x388.jpeg" alt="J4J #1" data-base62-sha1="j7inyiCgONO6i1h3JQTIKxads8k" width="690" height="388" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/8/85fc73c2ad9cd81f8aefc5cf69bd2037dad69e0c_2_690x388.jpeg, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/8/85fc73c2ad9cd81f8aefc5cf69bd2037dad69e0c_2_1035x582.jpeg 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/8/85fc73c2ad9cd81f8aefc5cf69bd2037dad69e0c_2_1380x776.jpeg 2x" data-dominant-color="5E8A34"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">J4J #1</span><span class="informations">1920×1080 94.6 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p><strong>Background Reading:</strong></p>
<ul>
<li>Initial Announcement: <a href="https://x.com/weremeow/status/1803453096661590363" rel="noopener nofollow ugc">Meow’s Initial Idea</a></li>
<li><a href="https://www.jupresear.ch/t/jup-community-audit-jul-2024/20810/23">Community Audit by Degen Mom & Soju</a></li>
<li><a href="https://www.jupresear.ch/t/jup-cat-ppp-a-full-review-of-the-key-ethos-that-drives-jup/20875">Ethos of JUP: PPP and CAT</a></li>
<li><a href="https://www.jupresear.ch/t/30-supply-reduction-pros-and-cons/20427">Lochie2001’s Pros & Cons of the Vote</a></li>
</ul>
<h2><a name="p-34781-building-in-certainty-and-alignment-for-token-holders-1" class="anchor" href="#p-34781-building-in-certainty-and-alignment-for-token-holders-1"></a>Building in Certainty and Alignment For Token Holders</h2>
<p>This is the first of the series of three JUP-related votes to provide more <strong>certainty, alignment and transparency (CAT)</strong> for all JUP holders and the community.</p>
<p>The initial JUP tokenomics was formed late last year, with modifications made over the initial announcement essay as well during the main launch, taking in feedback from the community.</p>
<p>Since then, besides gaining a much better understanding of the likely requirements and usage of the reserves, we have also heard a lot of feedback regarding the uncertainty brought on by a high FDV and potential future emissions, particularly the next few Jupuaries.</p>
<p>To address these concerns, we are proposing both a significant reduction in token supply, as well as letting the community take ownership over the future community emissions.</p>
<p>These will not only cut away the fat in the tokenomics, but also create a major push for everyone to understand the current and proposed token breakdowns. Along with having the voter vote on major future Jupuaries, should greatly address the uncertainties and allow the community to be fully aligned with the next stage of Jupiter.</p>
<h1><a name="p-34781-token-supply-reduction-vote-2" class="anchor" href="#p-34781-token-supply-reduction-vote-2"></a>Token Supply Reduction Vote</h1>
<p>For the first vote, we propose a 30% reduction in token supply, from 10B to 7B.</p>
<h2><a name="p-34781-h-5050-3" class="anchor" href="#p-34781-h-5050-3"></a>50/50</h2>
<p>Following the 50/50 principle, which the team manages 50% and the other 50% is earmarked for the community, 1.5B will be burnt from both portions.</p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/bd31156af474df78128903ec6843bb45e2496785.jpeg" data-download-href="/uploads/short-url/qZFoZOHmReGgapVoSUv5r7rif3f.jpeg?dl=1" title="" rel="noopener nofollow ugc"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/b/bd31156af474df78128903ec6843bb45e2496785_2_389x367.jpeg" alt="" width="389" height="367" role="presentation" data-dominant-color="A6A6A6" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/b/bd31156af474df78128903ec6843bb45e2496785_2_389x367.jpeg, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/b/bd31156af474df78128903ec6843bb45e2496785_2_583x550.jpeg 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/b/bd31156af474df78128903ec6843bb45e2496785_2_778x734.jpeg 2x"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename"></span><span class="informations">1016×962 60.1 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<h2><a name="p-34781-team-managed-portion-4" class="anchor" href="#p-34781-team-managed-portion-4"></a>Team Managed Portion</h2>
<p>As per the community audit, this is the current breakdown in the portion managed by the team:</p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/8/85f81993958bb51f13b75f3960209c73432c2f60.png" data-download-href="/uploads/short-url/j793q4VzYvoaiTOzKTiZYyvOhDa.png?dl=1" title="image" rel="noopener nofollow ugc"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/8/85f81993958bb51f13b75f3960209c73432c2f60.png" alt="image" data-base62-sha1="j793q4VzYvoaiTOzKTiZYyvOhDa" width="432" height="500" data-dominant-color="EDE0D0"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">438×506 31.4 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p>Following the cut, this will be the breakdown:</p>
<p><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/c/cd2a27aaf770afb82f9e1e4c5703244007606cf9.png" alt="image" data-base62-sha1="tgYch9CymmqB2CuE61oNm11eWmZ" width="440" height="210"></p>
<p>The proposed cuts from the team-managed portion come from:</p>
<ul>
<li>Team voluntarily reducing 30% from their assigned allocation</li>
<li>Major reductions in LP Needs</li>
<li>Smaller reductions for Strategic Reserve and Mercurial Stakeholders</li>
</ul>
<h2><a name="p-34781-community-portion-5" class="anchor" href="#p-34781-community-portion-5"></a>Community Portion</h2>
<p>As per the community audit, this is the current breakdown in the portion managed by the community:</p>
<p><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/1a35de0ad58db08ce28c389556285aef2f5e5873.png" alt="image" data-base62-sha1="3JRP7o6GdTHO4icsPr7UZaClnur" width="435" height="408"></p>
<p>Following the cut, this will be the breakdown:</p>
<p><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/d/d65ebfa8c8fab294a948596c45ab71949d0c5331.png" alt="image" data-base62-sha1="uApaXtJ8GZUUKS6ZKSlSJ5Fz3t7" width="440" height="141"></p>
<p>The proposed cuts from the community portion come from:</p>
<ul>
<li>30% reduction in Jupuary</li>
<li>Reductions in Community needs and Community reserves</li>
</ul>
<h1><a name="p-34781-summary-6" class="anchor" href="#p-34781-summary-6"></a>Summary</h1>
<p>This is the first of the series of three JUP-related votes to help build more certainty and alignment among the JUP community and the holder base.</p>
<p>We aim to address concerns around high FDV, provide a best-in-crypto boomer level of transparency around token distribution and allow the voters to decide the major parts of the potential emissions.</p>
<p>For this first vote, we aim to reduce the token supply from 10B to 7B. The reductions will come from:</p>
<ul>
<li>Team will voluntarily cut 30% from their assigned allocation</li>
<li>Corresponding 30% reduction in Jupuary emissions</li>
<li>The rest of the reductions will come from previously assigned allocations such as from LP and strategic reserves</li>
</ul>
<p>With the audit, ethos essay and this reduction in supply, we hope the community will emerge from this vote with a much enhanced understanding of the collective plans for JUP and be able to execute towards the meta as one cohesive unit.</p>

Meow

DAO Processes

JUP CAT PPP: A Full Review Of The Key Ethos That Drives JUP

<h1><a name="p-34641-jup-cat-ppp-1" class="anchor" href="#p-34641-jup-cat-ppp-1"></a>JUP CAT PPP</h1>
<p>[<a href="https://x.com/weremeow/status/1818670417378431186" rel="noopener nofollow ugc">Tweet</a>] [<a href="https://meow.bio/jup-cat-ppp.html" rel="noopener nofollow ugc">Blog</a>]</p>
<p>Jupiter aims to build the everything exchange, push the giant unified market and help to accelerate the decentralized meta. JUP is the crucial resource and alignment mechanism at the heart of it all.</p>
<p>Whether from a product, adoption, or community point of view, we are extremely early in this journey. As such, if we are going to have any chance at all of achieving the lofty goals, building and maintaining the trust between the early stakeholders is a crucially important foundation.</p>
<h2><a name="p-34641-integrity-of-jup-2" class="anchor" href="#p-34641-integrity-of-jup-2"></a>Integrity of JUP</h2>
<p>The single most important factor in establishing trust within token based communities is the integrity of the token.</p>
<p>If the crucial stakeholders do not have conviction that the token is being properly managed and distributed in a highly net positive manner, or do not trust that each other have the best intentions, it is like trying to build a skyscraper on a giant pile of tofu.</p>
<p>It would not matter how advanced the skyscraper is, how pretty the massive solar panel windows are, how experienced the crew is, how much oil money is being funnelled towards building it - you simply cannot do it because the foundation is too shaky.</p>
<p>If you are worried about being instadumped on, you are not gonna be talking about the 10 year roadmap. Just no way.</p>
<p>With so many of the recent launches, it almost feels like there’s an adverse PvP relationship between investors, devs and even between community members - leading to a distrusting tension where the conversation becomes dominated by who gets what, who is exit liquidity, rather than making the project great together.</p>
<p>So how we build trust and PPP? As with so many things in life, the answer circles back to cats.</p>
<h2><a name="p-34641-cat-3" class="anchor" href="#p-34641-cat-3"></a>C.A.T.</h2>
<p>Over cat-decades of observations, I have come to believe that the best way to build trust within the community comes from 3 key aspects:</p>
<ol>
<li>Certainty for token holders</li>
<li>Alignment between key stakeholders</li>
<li>Transparency on token distribution</li>
</ol>
<p>Without these key attributes actively being reinforced, it is far more likely than not that the community will fall apart from distrust.</p>
<p>And if Jupiter, it is crucial that we have a community and ecosystem that is as cohesive as possible, otherwise the possibility of us getting where we want to be becomes exceedingly low.</p>
<p>In this essay, we will review how we have tried to build in certainty, alignment and transparency since the genesis moments of JUP, how recent key initiatives have all been focused on trying to achieve this, and how we want to institutionalise key parts of the CAT pact moving forward.</p>
<h2><a name="p-34641-cat-jup-genesis-4" class="anchor" href="#p-34641-cat-jup-genesis-4"></a>CAT: JUP Genesis</h2>
<p>From the moment of the JUP Genesis, we took an extremely comprehensive approach to making sure that the token provided as much certainty, alignment and transparency as possible.</p>
<p>Why the focus on getting it right at or before genesis? It is because the genesis moment is a crucial moment in time. For example, if there was no transparency at the point of mint, token accountability would become meaningless forever.</p>
<p>To recap, here’s what we did:</p>
<ol>
<li>
<p>A best-in-class token minting ritual documentation which ensured that we are able to effectively track where every single JUP went, as well as offer it up for community audit in the coming months</p>
</li>
<li>
<p>Cold wallets being majority externally controlled by leaders in the ecosystem to ensure that the team will not be able to use it for sale or for voting without preceding public statements</p>
</li>
<li>
<p>Setting up a simple 50/50 tokenomics to articulate the need for clear alignment between the team and the community</p>
</li>
<li>
<p>One of the most inclusive, and widely distributed airdrops with close to 1M wallets who used Jupiter pre-announcement gave us a base of holders who are already intimately familiar with Jupiter</p>
</li>
<li>
<p>Making sure no cats who were part of Jupiter were left behind including great community contributors, compromised wallets as well as Mercurial holders, handling their inclusion in a way that most new token holders would likely agree as being net positive</p>
</li>
<li>
<p>Extremely transparent single launch pool with tokens for sale with zero side deals ensured a very fair initial sale process</p>
</li>
<li>
<p>Keeping the vast majority of the USDC in the launchpool and incrementally withdrawing over 3 months</p>
</li>
<li>
<p>Meticulous documentation and live explanations of the key processes along every step of the way</p>
</li>
</ol>
<p>I have no doubt that these hyper transparent steps, widely distributed drop, and publicly scrutinized nature of the entire launch was a crucial reasons why we survived the FUD, the rocky markets post launch.</p>
<p>Most importantly, these steps also laid the clear foundation for the very high level of trust in the community and active participation in the DAO.</p>
<h2><a name="p-34641-cat-in-ongoing-jupiter-operations-5" class="anchor" href="#p-34641-cat-in-ongoing-jupiter-operations-5"></a>CAT in Ongoing Jupiter Operations</h2>
<p>To continue to bring certainty, alignment, and transparency to our community, we have embraced two vital principles in our daily operations:</p>
<h3><a name="p-34641-a-5050-tokenomics-6" class="anchor" href="#p-34641-a-5050-tokenomics-6"></a>a. 50/50 Tokenomics</h3>
<p>The 50/50 philosophy is the essence of how we think about alignment between the team and the community.</p>
<p>Tokenomics reflect the ethos of a project, and our key ethos is as simple as it gets - For Jupiter, there needs to be an equal weight between a focused entity able to constantly recruit world-class talent, build product, and execute strategy, and a wider community able to fact-check, counterweight, and help to course-correct.</p>
<p>When we first announced it, it was cute in theory, but it was unclear how it would play out in practice. 6 months in, we have some clarity. And, as always, it comes back to trust.</p>
<p>The community needs to trust that the team will be judicious, using the part managed by the team in ways that are net positive for the Jupiverse.</p>
<p>At the same time, the team needs to trust that the community will independently grow its own leadership and have the good judgement to make crucial decisions that have a huge impact on the future of the protocol.</p>
<p>And after all many trials of fire, we now have the world’s largest and most active DAO, with extremely dynamic debates happening over every single vote, big or small.</p>
<p>This sets us up really, really well to tackle some really big topics, which we shall see in a bit!</p>
<h3><a name="p-34641-b-community-eats-first-7" class="anchor" href="#p-34641-b-community-eats-first-7"></a>b. Community Eats First</h3>
<p>CEF is our signature effort to provide a high level of certainty to the community and holders that there will be no supply shock or lingering harm from the team allocations, and that the team is fully committed to executing all proposed plans over a long period of time.</p>
<p>As a quick recap:</p>
<ul>
<li>The team will be staking 100% of the 1st year cliff for 2 more years.</li>
<li>Me and Siong are committing to locking all tokens vested till June 2026, well beyond the 2 intended Jupuaries.</li>
<li>Most of the other team members have committed to lock the vast majority of their tokens, liquidating only what they need for their personal financial security</li>
<li>If the token reduction vote passes, the team will voluntarily cut the corresponding amount as well.</li>
</ul>
<p>The team is committed to making sure that our interests are 100% fully aligned both with the community as well whatever plans are being proposed.</p>
<p>Community eats first, chefs eat last</p>
<h3><a name="p-34641-c-dao-voting-on-crucial-token-measures-8" class="anchor" href="#p-34641-c-dao-voting-on-crucial-token-measures-8"></a>c. DAO Voting On Crucial Token Measures</h3>
<p>From a certainty, alignment and transparency point of view, why is is so important that the DAO votes on key measures like token reduction, future Jupuaries and ASRs?</p>
<p>First off, these proposals affect the community portion of the tokens, so it is crucial that the community has the final say over what gets distributed eventually.</p>
<p>Secondly, and more subtly, if key processes that have a very material impact on the circulating supply of the token like Jupuaries are executed without sufficient debate and attention, there is a strong potential of creating a massive amount of misalignment between the team, users and holders, allowing a potential PVP situation to emerge.</p>
<p>For example, the camp of those who believe in Jupuaries to spread JUP far and wide might come into violent conflict with those who wish to prevent emissions at all costs.</p>
<p>To avoid this PVP situation - with all of its in-fighting, FUD, and pain - we need to bring the conversation into the open. By requiring a vote, we create the space for a massive debate on the pros and cons of each action. In the end, the decision will have legitimacy precisely because everyone had a chance to make their opinion heard.</p>
<p>In order to avoid a civil PvP war, we must have a civil PPP debate.</p>
<h3><a name="p-34641-d-cryptos-first-ever-live-community-audit-for-token-distribution-9" class="anchor" href="#p-34641-d-cryptos-first-ever-live-community-audit-for-token-distribution-9"></a>d. Crypto’s first ever live community audit for token distribution</h3>
<p>To provide a high level of transparency for the community, we did the first live community audit for JUP with the goal of accounting for every single JUP that left the genesis wallets.</p>
<p>We believe that this is the first such public accounting ever done in crypto, and we will continue to do this regularly as our pledge for maintaining the core integrity of the JUP token.</p>
<h3><a name="p-34641-e-zer0-10" class="anchor" href="#p-34641-e-zer0-10"></a>e. zer0</h3>
<p>It is our observation that empty promises and unmet expectations and constant moon yearning results for a very large part of mistrust and disillusionment in crypto today.</p>
<p>We adhere to the zer0 philosophy, which means zero promise, zero expectations, but 100% commitment and determination.</p>
<p>We know where we want to go, but we will not pretend we know how to get there. We will experiment and push our way there.</p>
<h2><a name="p-34641-committing-to-the-cat-pact-draft-11" class="anchor" href="#p-34641-committing-to-the-cat-pact-draft-11"></a>Committing To The C.A.T. Pact (DRAFT)</h2>
<p>We believe that JUP is the most valuable resource that we have, and we are committed to making sure that there’s always a very high level of trust involved in the integrity of JUP.</p>
<p>As such, we officially commit to the boomer CAT Pact:</p>
<ol>
<li>Regular Community Audits for JUP. Every 6 months, we’ll publicly review the distributions of the JUP to date</li>
<li>100% Disclosures of Token Sales. If any tokens are released for</li>
<li>Advance Notice of Token Releases. If we release any tokens from the reserve for strategic reasons, we’ll carefully manage the release to be in proportion to market liquidity. And we’ll make sure to communicate these releases at least 3 months in advance.</li>
<li>Transparency on Treasury. All wallets will be clearly labelled so that usage of JUP can be easily tracked.</li>
<li>All community allocated tokens will be distributed via a DAO vote for full visibility.</li>
</ol>
<p>This is a draft pact, but we expect to formalize it over the next few weeks. Ideally, this will serve not just as a useful guideline to us, but also to all teams who wish to build more trust within their own communities.</p>
<h2><a name="p-34641-ppp-cat-12" class="anchor" href="#p-34641-ppp-cat-12"></a>PPP & CAT</h2>
<p>In this essay, we have outlined the very elaborate measures we have taken to build in more certainty, alignment and transparency, with the end goal of building more trust within the Jupiter community.</p>
<p>So where does the idea of PPP come in? Simple.</p>
<p>When there is no trust, PvP will happens.<br>
When there is trust, PPP can happen.</p>
<p>With the right mechanisms, communications and safeguards in place, I think we stand a good chance of becoming one of the most PPP communities around.</p>
<p>And that will be so great, because nothing will make me happier than trying to get to the decentralized meta with everyone.</p>
<p>End of the day, regardless of the outcome, it’s just so, so much more fun when we do it together as one cohesive community.</p>
<p>Let’s try ya? I will do my best too.</p>
<p><3<br>
M</p>
<p>PS: I promise i did not come out with the C.A.T deliberately, i was just thinking about the core things needed, and boom, CAT just came up. I swear sometimes life is indeed super circular.</p>

Meow

Essays

LFG Retroactive with Soju & Slorg

<p>Over the last 3 months, 5 projects have been launched through the LFG process in addition to the Claimpad used by $TNSR.</p>
<p>In a few weeks from now, Jupiter will be unveiling the Catpad — a new product that aims to create a better alignment for memecoin launches.</p>
<p>During last week’s CLOUD launch, a few things were successfully executed:</p>
<ol>
<li>Community members of Jupiter & Sanctum mostly had a lower-cost basis due to the Alpha Vault</li>
<li>In the past, we were forced to tighten the liquidity range (e.g. JUP was $4B - $7B FDV) to prevent giving botters free money. For CLOUD, we managed to execute a wide range ($1M to $500M FDV) without being heavily botted and exploited.</li>
<li>Alpha Vault & spot-market was equally attractive, leading to a healthy balance of pre-market (alpha vault) and secondary market activity</li>
</ol>
<p>Before we ramp up the pipeline again for new projects, we want to strategize with the community to ensure we have the best projects coming into LFG.</p>
<ul>
<li>How do we empower the community to help attract top-tier projects?</li>
<li>How do we make the process more attractive for those who don’t win?</li>
<li>Should we launch projects more rapidly, or slow down the cadence and launch only the best out of the best?</li>
<li>How do we ensure that every project that wins is a high quality project that we can pour a lot of effort into the marketing & comms process?</li>
<li>Should we put more reliance into the team (Or WGs) selecting projects and then the community voting “Yes” or “No” on them?</li>
</ul>
<p>Ultimately, we need to push forward with the community, to attract the best projects, and launch them well. Let’s do this!</p>
<p>Leave your thoughts here, or come to the Discord Town Hall on Wednesday 10 PM EST.</p>

Essays

CWG Quarterly Report #1

<h2><a name="p-33060-intro-1" class="anchor" href="#p-33060-intro-1"></a>Intro</h2>
<p>As promised back after the initial CWG Budget Proposal passed, one of the items we would adhere to is releasing a quarterly report that would serve as an aggregate update of all of the things we’ve worked on for the past 3 months.</p>
<p>This would become a community touchpoint and provide a proper orientation opportunity for the Workgroups to address what is working and where they want to go next.</p>
<p>Ideally this is to become a standard for all Workgroups going forward and provide a benefit to them as well as it allows them for a chance of reflection.</p>
<blockquote>
<p>In this initial Quarterly Report there are 4 sections:</p>
<ol>
<li>Vision for the DAO and the CWG</li>
<li>Tasks we’ve accomplished over the past 3 months</li>
<li>Tasks we intend to accomplish over the next 3 months</li>
<li>Any Changes to the Team Structure</li>
</ol>
</blockquote>
<h2><a name="p-33060-vision-2" class="anchor" href="#p-33060-vision-2"></a>Vision</h2>
<p>Here we will touch on 2 items: The vision for the DAO and the vision for the CWG.</p>
<p>On paper the purpose of the DAO is to ‘expand the Jupiverse and Solana as a whole via funding workgroups, distributing grants, and approving LFG candidates’. This was the initial purpose of the DAO, and it was set to expand over time.</p>
<p>However, based on our experience, we would state in plainer terms that the purpose of the DAO is to empower active Catdets with the resources necessary to align themselves with the Jupiverse.</p>
<p>What does this look like in practice?</p>
<p>Imagine you want to start a podcast on behalf of Jupiter. Over time you are able to grow your audience, and you gain a larger and larger platform able to communicate Jupiter related topics, releases and most importantly the underlying ethos.</p>
<p>This will become a stronger focus over the next 3 months as we unveil the Grants system and can become much more agile in our ability to fund ambitious catdets.</p>
<p>Our vision for the CWG on the other hand is simple, yet massively involved:</p>
<p>We see the CWG as the important thread connecting the various groups within the Jupiverse together: The catdets, the Team, the Moderators, and the other workgroups.</p>
<p>These groups each have different needs, wants, goals, and abilities — yet all play a critical part in this making up the whole.</p>
<p>How do we ensure these groups are properly aligned, are able to obtain the resources they need, and can become adequately & intimately aware of each other’s needs?</p>
<p>This is one of the main goals for the CWG to figure out, and something that is crucial for the DAO to not only survive, but to thrive.</p>
<h2><a name="p-33060-prior-3-months-3" class="anchor" href="#p-33060-prior-3-months-3"></a>Prior 3 Months:</h2>
<p>In the past 3 months we’ve made strides in various areas, with the main ones being:</p>
<ul>
<li>
<p>A revitalization of the strictlist: One of the core initial issues that the CWG was tasked with was handling the Jupiter Strictlist. It is the list of verified tokens that was previously done through a PR process. At the time that the CWG took it over from the team, token season was beginning and it took away significant bandwidth from the Jupiter BD team members such as Mei and Soju. Over the course of the last 3 months, we have fielded thousands of PR applications and inquiries within the token-list channel. Not only that, but we located a developer to help completely revamp the process, and now it is done through a website by posting the token address instead of the complex and time consuming PR process. What once took hours every day of labor, now takes under 10 minutes. You can check that out here: <a href="https://catdetlist.jup.ag/">https://catdetlist.jup.ag/</a></p>
</li>
<li>
<p>We’ve hosted and administered 3 LFG Rounds to date. The winners of which were Zeus, Sharky, Uprock, Sanctum, and DeBridge. Each round we hosted crucial feedback sessions with the community and iterated on the process each time via an explicit townhall and forum post. You may find a summary of those changes here: <a href="https://www.jupresear.ch/t/lfg-retrospective-feedback-changelog/18108/" class="inline-onebox">LFG Retrospective & Feedback(Changelog)</a>. In the future will be more LFG rounds, however, by July there will be a partial revamp of the LFG process that should be very exciting.</p>
</li>
<li>
<p>Growth of the DAO twitter: One of the most crucial things was finding a way to communicate to the DAO and the greater Solana-sphere without being completely reliant on the Team or forcing them to adhere to our messaging style. The solution that we arrived at was a DAO specific twitter, and outside of Meow and the Main Jupiter account, it has grown to become the 3rd most far reaching Jupiter related twitter. At the time of writing this it has reached nearly 18,000 followers within 7 weeks, and we are inclined to believe much of it is organic considering that posts regularly garner between 200 and 1100 likes. For its size, it is one of the most powerful and far reaching twitter accounts Kemo or Slorg have personally seen, and we believe this will become one of the most critical DAO assets in our arsenal over the next 3-6 months. Because once it reaches the 50-70k range organically, then it can effectively reach almost everyone within the Solana ecosystem. We have been utilizing the DAO twitter to put out crucial messaging, announcements, and helping to amplify the other workgroups. In addition, we have used it to put out added insights not found on the main Jupiter account such as specific ASR data breakdowns. We will continue with this strategy for now, as it appears to be what the DAO respond well to.</p>
</li>
<li>
<p>Comms Assistance: We have deployed significant labor to help build out the comms network within the Jupiter DAO. This includes the growth of the JUP_DAO Twitter above, but also the establishment of the Wg-Announcements channel within Discord, the weekly CWG office hours as a key community touchpoint, the establishment and hosting of a weekly internal workgroup call involving all the workgroups, and regularly assisting the team with messaging. Also belonging in this category is the regular creation and attendance of crucial townhalls including but not limited to: voting townhalls, weekly CWG office hours, and retrospectives on DAO & team accomplishments & large updates.</p>
</li>
<li>
<p>Managing the Moderation Team: One of the other initial tasks that the CWG was given by the team was to take over responsibility for the moderation team. This includes issuing guidance to them as it pertains to internal Discord matters as well as the forum.</p>
</li>
<li>
<p>Speaking Events: c2yptic has regularly attended and given talks at various events on behalf of the Jupiter DAO including Solana Crossroads and Solana Summit. Additionally, we piloted an event sponsorship at crossroads including the design and usage of Jup DAO branding on the coffee cups.</p>
</li>
<li>
<p>Jup DAO Branding: Kemo has gone above and beyond to take the complexity of the Jupiter branding guide, distill it down, create a new DAO logo, and make everything hyper-digestible and usable on this simple-to-use website. Additionally, several workshops have been held to date on how to properly use these branding guidelines including an introductory workshop and a figma specific workshop. More of these will be held over time, as well as written guides. You can find the DAO Branding Guidelines here: <a href="https://www.jup.eco/brand">Jupiter DAO Media Kit | Jup.Eco</a></p>
</li>
<li>
<p>Jup.Eco Design: Additionally, Kemo has provided the trial WWG (Web Working Group) with design & initial build assistance for Jup.Eco, handling the design and UI/UX and providing over a dozen live Webflow training sessions to the DAO.</p>
</li>
<li>
<p>Alterations to the Voting Processes: With each vote, not just the LFG votes, the CWG has spearheaded and assisted with diagnosing issues, sourcing critical feedback from the community, distilling this into easily actionable steps, and communicating it with the team to be implemented.</p>
</li>
</ul>
<h2><a name="p-33060-next-3-months-4" class="anchor" href="#p-33060-next-3-months-4"></a>Next 3 Months:</h2>
<p>Across the next 3 months we have a list of goals which will be paramount in maintaining the DAO’s momentum and help to implement systems which will be critical in sustaining it for the years to come. Such items include:</p>
<ul>
<li>
<p>The establishment of the Grants program: One of the core issues is that the WG model lacks flexibility. It serves and important role, however there is a large social component to it that transcend the work in of itself. There are many people who want to contribute to the DAO, but don’t want to have to go through the intensive multi-month process. Additionally, with opportunities arising every 2-3 months, this means that people have to wait a long time in order to even be considered. Because of this the grants system will create more touchpoint for people to participate in the DAO, to contribute their skills and further JUP, and to be compensated for it.</p>
</li>
<li>
<p>Continue Growing JUP_DAO account: The Jupiter DAO twitter is likely the single most important DAO asset. It’s reach is already making significant impacts within the Jupiverse, as it possesses the ability to be agile, clarify, and amplify in a way that is not dependent on the main Jupiter twitter. Once the DAO account hits an organic 50k follower count, it is likely that it will be able to reach the vast majority of Solana and be one of the most powerful accounts within our ecosystem.</p>
</li>
<li>
<p>Further decentralize the Strictlist and add more Tags: The strictlist is now managed by Mei, me and a handful of catdets. The ideal situation is to get it even further decentralized, in addition to adding more tags that cover a wider variety of circumstances to help come a step closer towards the goal of finding a way to verify and label tokens that scales</p>
</li>
<li>
<p>LFG Revamps: There will be announcements within the next few weeks about this, but the LFG system is set for a partial revamp that we believe many will be quite happy with.</p>
</li>
<li>
<p>Hiring New Members: We currently have 2 advisors we are interested in bringing under the CWG umbrella. Additionally, we will be interviewing a person next week for a more involved boots-on-the-ground role, and have our sights on a handful of others. By the next Quarterly report, the CWG will have expanded in its numbers.</p>
</li>
</ul>
<h2><a name="p-33060-team-changes-5" class="anchor" href="#p-33060-team-changes-5"></a>Team Changes</h2>
<p>There have been 2 changes to the structure of the CWG to report at this time.</p>
<p>Durden has decided to step down from his role of ‘part time’ member into an advisory position. Going forward, he will help us with strategy, but not play a strong boots-on-the-ground role within the DAO.</p>
<p>Additionally, due to a family emergency, c2yptic will step into a part-time role for the next few months in order to take care of it. We appreciate everything c2yptic has done so far, and he will continue assisting with tasks such as:</p>
<ul>
<li>Budget & Multi-sig management</li>
<li>Helping with DAO process iterations</li>
<li>Managing the moderator team</li>
<li>Spearheading the Grants system with us</li>
<li>and the start of DeFI education events.</li>
</ul>
<h2><a name="p-33060-conclusion-6" class="anchor" href="#p-33060-conclusion-6"></a>Conclusion</h2>
<p>We thank you for reading through the first CWG Quarterly Report. If you have any comments as to the structure of it, please let us know below and we can better assist future Workgroups in how to structure theirs.</p>

Slorg

Essays

ASR Retrospective & Feedback #1

<h1><a name="p-32328-with-the-first-round-of-asr-now-under-our-belt-we-would-like-to-offer-this-opportunity-to-voice-any-feedback-1" class="anchor" href="#p-32328-with-the-first-round-of-asr-now-under-our-belt-we-would-like-to-offer-this-opportunity-to-voice-any-feedback-1"></a>With the first round of ASR now under our belt — we would like to offer this opportunity to voice any feedback.</h1>
<p>To get you started, we have a few questions:</p>
<ol>
<li>
<p>What did you like about it?</p>
</li>
<li>
<p>Were there any areas you feel could be improved?</p>
</li>
</ol>
<p>We are considering a few ideas already including a bulk claim on the site. Additionally, we would like thoughts around putting a JUP claim floor.</p>
<p>That is, if you have under this amount of JUP staked, you cannot claim rewards. The purpose of this would be 2-fold. To deter sybilling, in addition to reducing the tech bandwidth required during the disbursement period.</p>
<p>Would a floor of 5 be good? 10? None? Let us know your thoughts.</p>
<p>Also please join us for a Discord Townhall tomorrow on the topic if you will be around to attend: <a href="https://discord.com/events/897540204506775583/1259703754513584128" class="inline-onebox">Discord</a></p>

Slorg

Essays

LFG Retrospective & Feedback(Changelog)

<p>We will use this post to include all of the changes gleaned from each round of LFG voting.</p>
<h1><a name="p-29412-round-1-1" class="anchor" href="#p-29412-round-1-1"></a>Round 1</h1>
<ul>
<li>Miscellaneous Voting page & Educational changes including direct links to the governance site on the main site, and:</li>
</ul>
<aside class="onebox twitterstatus" data-onebox-src="https://twitter.com/SlorgoftheSlugs/status/1780630858531053682">
<header class="source">

<a href="https://twitter.com/SlorgoftheSlugs/status/1780630858531053682" target="_blank" rel="noopener">twitter.com</a>
</header>

<article class="onebox-body">
<img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/93ac96033467d8fd0bd29c8e593c4d0973b1a836.jpeg" class="thumbnail onebox-avatar" data-dominant-color="74828D" width="48" height="48">
<h4><a href="https://twitter.com/SlorgoftheSlugs/status/1780630858531053682" target="_blank" rel="noopener">Slorg</a></h4>
<div class="twitter-screen-name"><a href="https://twitter.com/SlorgoftheSlugs/status/1780630858531053682" target="_blank" rel="noopener">@SlorgoftheSlugs</a></div>

<div class="tweet">
<span class="tweet-description">2 highly requested UX changes have been made to the Jupiter voting site:

Who you voted for and the fact that you voted at all are now indicated much more clearly.

Thank you to the community for these suggestions, and we look forward to implementing more of your feedback. <a target="_blank" href="https://twitter.com/SlorgoftheSlugs/status/1780630858531053682/photo/1" rel="noopener">pic.x.com/bczedywgnn</a><div class="aspect-image-full-size" style="--aspect-ratio:690/427;"><img class="tweet-image" src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/4/4a306747fff8e8de502b1ee1b7e13d751bbb36cf_2_690x428.jpeg" data-dominant-color="23303D" width="690" height="428"></div></span>
</div>

<div class="date">
<a href="https://twitter.com/SlorgoftheSlugs/status/1780630858531053682" class="timestamp" target="_blank" rel="noopener">4:14 PM - 17 Apr 2024</a>

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<div class="onebox-metadata">

</div>

<div style="clear: both"></div>
</aside>

<h1><a name="p-29412-round-2-2" class="anchor" href="#p-29412-round-2-2"></a>Round 2</h1>
<h2><a name="p-29412-informational-changes-3" class="anchor" href="#p-29412-informational-changes-3"></a>Informational Changes:</h2>
<ol>
<li>
<p>Formation of the DAO twitter to help further reach voters and propagate relevant information. Also will tweet reminders each day of a live vote.</p>
</li>
<li>
<p>Additional clarity around ASR: This includes both UI changes and educational efforts</p>
</li>
<li>
<p>Creation of a Calendar to more accurately display the timeline of the LFG process.</p>
</li>
</ol>
<h2><a name="p-29412-process-changes-4" class="anchor" href="#p-29412-process-changes-4"></a>Process Changes:</h2>
<ol>
<li>
<p>Reducing number of winners from 2 to 1.</p>
</li>
<li>
<p>AMAs shifting over to twitter spaces:</p>
</li>
<li>
<p>LFG Candidate Roles in Discord</p>
</li>
</ol>
<h1><a name="p-29412-round-3-5" class="anchor" href="#p-29412-round-3-5"></a>Round 3:</h1>
<ol>
<li>
<p>Continuing Blind voting for LFG votes for the time being, and advocating for other votes as well.</p>
</li>
<li>
<p>Foregoing the timer for the time being.</p>
</li>
<li>
<p>Exploring a more robust notification system: This includes potentially exploring email and mobile notification options.</p>
</li>
<li>
<p>Small Site Changes: Rewording the call to action on the vote page from “View Discussion” to “View Full Proposal”. Adding a voting power column. Clearer indications that any airdrop claim is a bonus.</p>
</li>
<li>
<p>Stronger comms around new things. For example, there was a lot of information around Meteora’s Alpha Vault, but it had to be sought out. There was a medium article, for example, but there was no 1 pager with a tldr. This is something we will seek to be more mindful of going forward with the team.</p>
</li>
<li>
<p>Better guidelines on Discord or the Forum to prevent extreme harassment of candidates. We never want to clamp down on speech that is sincere or truthful. However, there have been instances where individuals have spent days harassing individuals without evidence inside and outside of the Discord. We think covering the outer limits of these things is not a bad idea, while making sure to not infringe on anyone. A simple rule could be “severe accusations demand severe evidence” and “refusal to provide evidence with continued accusations could lead to a time out”.</p>
</li>
</ol>
<h2><a name="p-29412-changes-to-explore-6" class="anchor" href="#p-29412-changes-to-explore-6"></a>Changes to Explore</h2>
<ol start="6">
<li>Some sort of survey apparatus: whether it exists at the vote’s end or somewhere else to collect data from users such as “where do you get your information from when you vote?”. It is in this way that we can draw insights on the voterbase at large.</li>
</ol>

Slorg

Essays

LFG Retrospective & Feedback Round #3

<h1><a name="p-27891-with-the-3nd-round-of-lfg-now-under-our-belt-it-would-serve-us-well-to-reflect-on-what-happened-1" class="anchor" href="#p-27891-with-the-3nd-round-of-lfg-now-under-our-belt-it-would-serve-us-well-to-reflect-on-what-happened-1"></a>With the 3nd round of LFG now under our belt — it would serve us well to reflect on what happened.</h1>
<h2><a name="p-27891-a-retrospective-2" class="anchor" href="#p-27891-a-retrospective-2"></a>A retrospective:</h2>
<p>Over 217 million JUP cast a vote for their preferred candidate, with debridge winning the right to launch on the LFG launchpad.</p>
<p>Additionally, feedback from the Round 2 Forum post was incorporated, with multiple changes including:</p>
<ul>
<li>The first blind vote</li>
<li>AMAs now held on twitter spaces</li>
<li>A reduction of candidates, and going from 2 ==> 1 winners.</li>
<li>A calendar presented at the beginning to show the cadence of events</li>
</ul>
<p>Also some smaller quality of life items like giving candidates their own unique blue role within discord instead of catdet were added.</p>
<h2><a name="p-27891-however-now-we-would-like-to-solicit-your-feedback-3" class="anchor" href="#p-27891-however-now-we-would-like-to-solicit-your-feedback-3"></a>However, now we would like to solicit your feedback</h2>
<p>To get you started, we present a few questions:</p>
<ol>
<li>
<p>Were there any aspects which you particularly liked?</p>
</li>
<li>
<p>What improvements would you like to see?</p>
</li>
<li>
<p>Did you like the blind voting? Should we keep it for future votes?</p>
</li>
<li>
<p>Thoughts around a vote timer that prevents you from voting for X amount of time?</p>
</li>
</ol>
<p>Thank you for taking the time to be a part of this co-creative process. We look forward to your comments, and similarly to last time, we will post a follow up under this thread in addition to hosting a townhall event.</p>

Slorg

Announcements

The Giant Unified Market

<p>Today, we’re kicking off the Giant Unified Market initiative - our key effort to bring all assets into a single atomic market, accessible by everyone in the world with a fraction of a cent.</p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/9c8cf58cfe7cedae9495e79246831c54bb816ce4.png" data-download-href="/uploads/short-url/mkUujTmMH0NcsU4OhTkTi344dZG.png?dl=1" title="image"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/9c8cf58cfe7cedae9495e79246831c54bb816ce4.png" alt="image" data-base62-sha1="mkUujTmMH0NcsU4OhTkTi344dZG" width="690" height="388" data-dominant-color="0E0E0E"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">960×540 28.5 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p>Only on Solana, powered by Jupiter, enabled by the best partners in crypto.</p>
<p>Whether it is memecoins, RWAs, stocks or forex, we want to bring all these assets to Solana and index them on Jupiter - allowing users to transact across all these markets atomically.</p>
<p>This is one of the great dreams of finance & we want to make it happen right here on Solana.</p>
<p>To make this vision a reality on Solana, 3 things are needed: more assets, more liquidity, and more accessibility.</p>
<p>That’s why we’re thrilled to launch the GUM Alliance, a group of top asset, liquidity, and distribution teams to help drive this effort together.</p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/bcd57873adce7ac988c03053f9ef4bf521ca1055.png" data-download-href="/uploads/short-url/qWv7CtMUsopYOc2drOS0bX2uhHn.png?dl=1" title="image"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/b/bcd57873adce7ac988c03053f9ef4bf521ca1055_2_690x388.png" alt="image" data-base62-sha1="qWv7CtMUsopYOc2drOS0bX2uhHn" width="690" height="388" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/b/bcd57873adce7ac988c03053f9ef4bf521ca1055_2_690x388.png, https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/bcd57873adce7ac988c03053f9ef4bf521ca1055.png 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/bcd57873adce7ac988c03053f9ef4bf521ca1055.png 2x" data-dominant-color="111212"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">960×540 35 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p>Over the next few months, we will be working with these partners to do 3 main things:</p>
<ol>
<li>Onboard more assets onto Solana</li>
<li>Create liquid markets for these assets</li>
<li>Integrate these markets into Jupiter and encourage adoption</li>
</ol>
<p><strong>DinariGlobal:</strong></p>
<p>“We are really excited to bring our 1:1 backed dShares to Jupiter as part of the GUM initiative.</p>
<p>This will bring compliant exposure to US shares (such as AAPL and COIN) to Solana, and democratise access to US shares to users on Solana.”– Gabriel Otte</p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/0/065da9e6db6793c5f6182a1c7dd76f6abb183c6d.jpeg" data-download-href="/uploads/short-url/UjxnkU8iBSnOOGs8tpbipnmUEZ.jpeg?dl=1" title="image"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/0/065da9e6db6793c5f6182a1c7dd76f6abb183c6d_2_690x365.jpeg" alt="image" data-base62-sha1="UjxnkU8iBSnOOGs8tpbipnmUEZ" width="690" height="365" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/0/065da9e6db6793c5f6182a1c7dd76f6abb183c6d_2_690x365.jpeg, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/0/065da9e6db6793c5f6182a1c7dd76f6abb183c6d_2_1035x547.jpeg 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/0/065da9e6db6793c5f6182a1c7dd76f6abb183c6d_2_1380x730.jpeg 2x" data-dominant-color="AAE8D8"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">1920×1016 66.6 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p><strong>Villcaso:</strong></p>
<p>“GUM is the first serious attempt at creating a globally accessible capital market. It’s a huge deal.</p>
<p>We saw the same future as Jupiter when we started Villcaso, Unifying the world’s markets isn’t just something to make life more convenient, it’s actually a morally im<mark>perative initiative.</mark></p>
<p>Villcaso’s mission is to make US real estate investing globally accessible. With GUM, we can help millions of people get access to more investment opportunities such as US real estate from Vilcaso. It’s a dream partnership.” - <span class="mention">@ns_dub</span></p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/1f741217489a2fb67e73db25f5c9747b137ab6e5.jpeg" data-download-href="/uploads/short-url/4uftScCbxOi0qnPwNIzmTVkbBIx.jpeg?dl=1" title="image"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/1/1f741217489a2fb67e73db25f5c9747b137ab6e5_2_690x266.jpeg" alt="image" data-base62-sha1="4uftScCbxOi0qnPwNIzmTVkbBIx" width="690" height="266" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/1/1f741217489a2fb67e73db25f5c9747b137ab6e5_2_690x266.jpeg, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/1/1f741217489a2fb67e73db25f5c9747b137ab6e5_2_1035x399.jpeg 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/1/1f741217489a2fb67e73db25f5c9747b137ab6e5_2_1380x532.jpeg 2x" data-dominant-color="DFE6E6"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">1920×742 124 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p><strong>Wintermute:</strong></p>
<p>“GUM’s vision aligns with Wintermute’s mission to advance a truly decentralized world for more transparent and efficient markets and products.</p>
<p>Reliable liquidity is crucial for the health of any market, and we’re pleased to contribute our expertise to the GUM in<mark>itiative.”</mark></p>
<p><mark>- Tim Wu, Head of DeFi at Wintermute</mark><br>
<div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/8/829f20cd42fc551444f93561c4cde34b64cefff2.png" data-download-href="/uploads/short-url/iDx06bs3sxwihdbQ8BPY6KaTcBA.png?dl=1" title="image"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/8/829f20cd42fc551444f93561c4cde34b64cefff2_2_690x346.png" alt="image" data-base62-sha1="iDx06bs3sxwihdbQ8BPY6KaTcBA" width="690" height="346" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/8/829f20cd42fc551444f93561c4cde34b64cefff2_2_690x346.png, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/8/829f20cd42fc551444f93561c4cde34b64cefff2_2_1035x519.png 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/8/829f20cd42fc551444f93561c4cde34b64cefff2_2_1380x692.png 2x" data-dominant-color="23251F"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">2000×1003 202 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p><strong>Cumberland:</strong></p>
<p>“We’re excited to see Jupiter’s work on a Giant Unified Market!</p>
<p>One of the appeals of crypto, and DeFi in particular, is the interoperability that allows different platforms to interact with each other, which is something that is exceptionally challenging in web2.</p>
<p>GUM will have an emphasis on allowing users to trade with whatever stablecoin is most convenient, which is exciting as we see more users looking to trade in non-USD stables” - Paul<br>
<a href="/uploads/short-url/4U7Q8DdGi9g4DjrgOWS18QQIQoB.jpeg">image|621x500</a></p>
<p><strong>DWF Labs:</strong><br>
"The GUM Initiative aligns well with our long-term vision of how the future of finance will be shaped in the years to come.</p>
<p>As a key liquidity provisioning firm in the crypto space, we’re glad to be a long-term partner of the Jupiter team in building liquid markets for on-chain assets.</p>
<p>We truly believe that liquidity will be the cornerstone of every tradable on-chain asset." - Eugene, Co-Founder.</p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/c/c17da8b65a77f8fb6d519a3d80db392c85bdc306.jpeg" data-download-href="/uploads/short-url/rBHnfCERKEnJxNwyMcZ2Q1VvI7I.jpeg?dl=1" title="image"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/c/c17da8b65a77f8fb6d519a3d80db392c85bdc306_2_690x394.jpeg" alt="image" data-base62-sha1="rBHnfCERKEnJxNwyMcZ2Q1VvI7I" width="690" height="394" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/c/c17da8b65a77f8fb6d519a3d80db392c85bdc306_2_690x394.jpeg, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/c/c17da8b65a77f8fb6d519a3d80db392c85bdc306_2_1035x591.jpeg 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/c/c17da8b65a77f8fb6d519a3d80db392c85bdc306_2_1380x788.jpeg 2x" data-dominant-color="17181A"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">1920×1098 126 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p>Alliance DAO</p>
<p>“No one is better positioned than Jupiter to bring traditional assets onchain than Jupiter than its massive distribution and battletested technology.”– Qiao</p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/d/d6a255e93fd1a7f04abbf482814dd7d1d17015f5.jpeg" data-download-href="/uploads/short-url/uCJYPfuEMGznPJBHFqhCnJi7Mln.jpeg?dl=1" title="image"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/d/d6a255e93fd1a7f04abbf482814dd7d1d17015f5_2_685x500.jpeg" alt="image" data-base62-sha1="uCJYPfuEMGznPJBHFqhCnJi7Mln" width="685" height="500" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/d/d6a255e93fd1a7f04abbf482814dd7d1d17015f5_2_685x500.jpeg, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/d/d6a255e93fd1a7f04abbf482814dd7d1d17015f5_2_1027x750.jpeg 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/d/d6a255e93fd1a7f04abbf482814dd7d1d17015f5_2_1370x1000.jpeg 2x" data-dominant-color="212020"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">2000×1459 246 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p><strong>Solana Foundation</strong><br>
“Blockchains are a crucible for market competition and price discovery, but for much of their history that power could only be deployed in service of digital assets.</p>
<p>GUM is helping to change that — bringing off chain assets on chain and creating competitive markets that move at the speed of information.” - Austin Federa</p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/f/fe251d2344fd04a578cc4687303592ba1781c236.jpeg" data-download-href="/uploads/short-url/AggNc9NvjcabsSOxdVMKhojIQm2.jpeg?dl=1" title="image"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/f/fe251d2344fd04a578cc4687303592ba1781c236_2_690x346.jpeg" alt="image" data-base62-sha1="AggNc9NvjcabsSOxdVMKhojIQm2" width="690" height="346" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/f/fe251d2344fd04a578cc4687303592ba1781c236_2_690x346.jpeg, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/f/fe251d2344fd04a578cc4687303592ba1781c236_2_1035x519.jpeg 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/f/fe251d2344fd04a578cc4687303592ba1781c236.jpeg 2x" data-dominant-color="222029"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">1247×627 103 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p><strong>Asymmetric</strong><br>
“Capital markets have evolved into an unfair playing field and are by design, inherently gate kept.</p>
<p>During the GME craze, Institutional investors were able to trade through dark pools when the stock was halted multiple times only to screw over the retail investor<mark>. </mark></p>
<p>There has to be a more equitable way for market participants to participate. GUM is an ambitious project to enable just that.”— Joe McCan</p>
<p><div class="lightbox-wrapper"><a class="lightbox" href="https://global.discourse-cdn.com/flex003/uploads/jupresear/original/2X/4/494f50ebafc3bad28f9c635a2a50b9e4577bcdbf.png" data-download-href="/uploads/short-url/aswMW3bqBOSJRGCY5duAjZYEOT5.png?dl=1" title="image"><img src="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/4/494f50ebafc3bad28f9c635a2a50b9e4577bcdbf_2_690x486.png" alt="image" data-base62-sha1="aswMW3bqBOSJRGCY5duAjZYEOT5" width="690" height="486" srcset="https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/4/494f50ebafc3bad28f9c635a2a50b9e4577bcdbf_2_690x486.png, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/4/494f50ebafc3bad28f9c635a2a50b9e4577bcdbf_2_1035x729.png 1.5x, https://global.discourse-cdn.com/flex003/uploads/jupresear/optimized/2X/4/494f50ebafc3bad28f9c635a2a50b9e4577bcdbf_2_1380x972.png 2x" data-dominant-color="BCBCBC"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">2000×1411 139 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>
<p>This alliance is just the very beginning - we need a lot more partners and participants to make this universal market a reality together!</p>
<p>If you would like to be part of this effort - please let us know, and we can discuss how best to collaborate.</p>
<p>Last but not least, making this giant unified market a reality is an important step in both advancing the meta and establishing Jupiter as the everything exchange.</p>
<p>So to all catdets and comrades in decentralizing finance - lets make this happen together!</p>

Essays

<p><strong>The votes for the 3 trial WGs have begun!</strong></p>
<p>Remember, these are not full workgroup budgets. These trial WGs are aiming to be funded for a few months, to see if they can find good synergy w the community, team and the rest of the WGs before proposing a full budget with JUP for long-term alignment.</p>
<p><strong>Vote Now:</strong> <a href="https://vote.jup.ag">https://vote.jup.ag</a></p>
<p><strong>Voting & ASR Notes:</strong></p>
<ul>
<li>These votes carry ⅓ weight for Active Staking Rewards. This means that voting for all 3 votes is equivalent to voting once. This is to prevent dilution for previous voters of other proposals.</li>
<li>You can vote for all 3 ongoing proposals.</li>
<li>Rewards are not dependent on what you vote for, so you will receive rewards regardless of your voting option.</li>
</ul>
<p><strong>Summary of Trial WGs:</strong></p>
<p><strong>Catdet Working Group:</strong><br>
The Catdet Work Group (WG) proposal is a strategic plan to enhance culture within the Jupiter community by empowering the Catdet corps: crucial agents in cultivating an environment where people can learn, grow, and co-create. This proposal details initiatives to extend the community’s influence, improve engagement processes, and foster a supportive environment for learning & interaction.</p>
<p><strong>Key Points of the Catdet Working Group Proposal:</strong></p>
<ul>
<li>Mission and Operations: Grow the Catdet corps and ensure all community members feel loved and valued.</li>
<li>Role of Catdets: Central to community culture, defined by traits like helpfulness and openness, and vital in onboarding new members.</li>
<li>Expansion of Catdet Culture: Guidelines for selection, regular activity checks, and expansion of roles beyond Discord to other platforms.</li>
<li>Process Improvement: Vital in improving selection processes for Catdets and defining community member roles more clearly through community input.</li>
<li>Activities and Projects: Introduction of weekly updates using AI, trial groups like the Catdet X Army to boost visibility on social platforms, and community-driven classes, workshops, and events to foster learning and interaction.</li>
<li>Budget Request: Total of $69,000 for community initiatives and core contributor compensation over a five-month trial period aimed at fostering significant community involvement and feedback. (5 core members @ $1.8k/month each for 5 months, plus $24k for community contributor payments)</li>
<li>Future Initiatives: Potential landmark event at Solana Breakpoint, more expansion on classes and workshops, as well as other community-driven ideas to further solidify the Catdet’s role in the community.</li>
<li>Core members: Julian, Easy E, Cas AKA TheGreatOBO, Catoshi, Rolex Gold</li>
</ul>
<p>Trial period success is defined by involvement by the wider community, as well as measurable growth of individuals within the community (skills acquired, content created, etc.)</p>
<p><strong>Full proposal here:</strong> <a href="https://www.jupresear.ch/t/proposal-catdet-workgroup-lfgrow/15665" class="inline-onebox">Proposal: Catdet Workgroup - LFGrow!</a></p>
<p><strong>Planetary Clip:</strong></p>
<p><strong>Web Working Group:</strong><br>
The Web Work Group (WWG) is proposing a trial budget to maintain and ensure up-to-date integrity of key web resources including Jupiter Space Station (product oriented guides and docs) and Jup.eco (a community focused resource). The WWG is tasked with facilitating contribution for these resources between the team, community, and other WGs. This group seeks to address challenges like information overload, resource fragmentation, and sub-optimal engagement that currently hinder the DAO’s operations.</p>
<p><strong>Key Points of the Web Working Group Proposal:</strong></p>
<ul>
<li>First and foremost: Revitalization of the Jupiter Space Station; bring it up-to-date.</li>
<li>Introduction of the Jup.Eco concept: A platform developed to centralize DAO communications and resources, enhancing accessibility and engagement within the community.
<ul>
<li>Core Features and Innovations:
<ul>
<li>Searchable FAQs</li>
<li>Catdet & Work Group Content Corner: Centralizes all DAO communications.</li>
<li>JUP Notifications & Calendar: Maintains a unified calendar of events and notifications.</li>
<li>Onboarding Guides & FAQs: Streamlines the onboarding process for new and existing members.</li>
<li>JUP Socials & Blog Dashboard: Serves as a unified communication outlet.</li>
</ul>
</li>
<li>Potential Future Development:
<ul>
<li>Work Group Directory: Facilitates sharing of work status updates and transparency reports.</li>
<li>JUP Grants Listings: Provides a community-accessible board for R&D needs.</li>
<li>JUP Ecosystem Legends: A hall of fame for significant contributors.</li>
<li>JUP Talent: A new talent service to bridge traditional and Web3 employment.</li>
<li>JUP University: Upskills community members on DAO systems and other technologies.</li>
</ul>
</li>
</ul>
</li>
<li>Financials:
<ul>
<li>Provisional Period Budget: A total of $84,500 requested for initial development and operational costs. These costs are as follows: $56k for 2 full-time members, and one part-time member, as well as $10k for a content contributor pool, $3k for general infra expenses, and $15k retroactive compensation for feature planning, scoping, and auditing existing resources over the past 6 weeks.</li>
</ul>
</li>
<li>Core Members: Sir Nay Nay, Antimatter, Hanko (part-time).</li>
</ul>
<p>Trial period success is defined by successful establishment and adoption of 2 crucial resources for the community: Space Station & Jup.Eco, as well as effective community buy-in, co-creation, and collaboration with other WGs.</p>
<p><strong>Full proposal:</strong> <a href="https://www.jupresear.ch/t/proposal-jup-eco-the-web-working-group-wwg/15752" class="inline-onebox">Proposal: Jup.Eco & The Web Working Group (WWG)</a></p>
<p><strong>Planetary Clip:</strong></p>
<p><strong>Reddit Working Group:</strong><br>
The Jupiter Reddit Working Group (JRWG) seeks to establish a commanding presence for Jupiter on Reddit, a platform with 1.212 billion monthly users. The group aims to empower the community, facilitate open communication, and significantly enhance brand visibility within the DeFi space on Reddit.</p>
<p><strong>Key Points of the Reddit Working Group Proposal:</strong></p>
<ul>
<li>
<p>Goals: Strengthen Jupiter’s presence on Reddit to attract and engage crypto enthusiasts and DeFi newcomers.</p>
</li>
<li>
<p>Key Responsibilities: Manage a high-quality Jupiter subreddit, curate relevant content, and foster robust community interactions.</p>
</li>
<li>
<p>Utilize Reddit as a place for content aggregation.</p>
</li>
<li>
<p>Expected Benefits: Enhanced community engagement, increased brand awareness, and valuable feedback from users to refine Jupiter’s offerings.</p>
</li>
<li>
<p>Three-Month Trial Budget: $68,000 covering a lead moderator ($6k/month), a full moderation team (4 members), and additional contingencies like graphic design and bot maintenance.</p>
</li>
<li>
<p>Recruitment: Seeking passionate community members and experienced redditors to join the JRWG and drive its mission.</p>
</li>
<li>
<p>Integration: Align the JRWG’s efforts with Jupiter’s broader marketing strategies for cohesive brand messaging.</p>
</li>
<li>
<p>Core member: Weird City, recruiting more contributors (aiming for 4 members)</p>
</li>
</ul>
<p>Trial period success is defined by establishment of the Jupiter Subreddit and meaningful measurement of growth and engagement.</p>
<p><strong>Full proposal:</strong> <a href="https://www.jupresear.ch/t/proposal-introducting-reddit-working-group-for-jupiter/12397" class="inline-onebox">Proposal: Introducting Reddit Working Group for Jupiter</a></p>

Essays

LFG Retrospective & Feedback Round #2

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Jupiter LFG Launchpad Beta!<br><br>Delighted to share our very beta LFG Launchpad, the first and only system whose goal is to infuse projects with love 💕 from a genuine Jupiter DAO and community, sets them up with long term success and protects their buyers from hype, fomo and rugs.…<a href="https://t.co/Qx2f87uTbN">pic.twitter.com/Qx2f87uTbN</a></p>— meow 喵 (@weremeow) <a href="https://twitter.com/weremeow/status/1749577177333645770?ref_src=twsrc%5Etfw">January 22, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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