J.U.P Planetary Call #8

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Main topics: DAO & Product Updates. Entire call TL;DR below....Let's dive in 👇


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Growing the Pie a.k.a Wins of the Week

  1. Zeus - The First LFG Launch - Fully subscribed in 3 seconds, $27.5M raised, $1B FDV after launch, 100k New holders.
  2. $TNSR Launched on the JUP Claimpad - $300m worth of tokens airdropped to tensor users through JUP claimpad. You can check your claims at claim.jup.ag/tnsr
  3. The Solana Summit in APAC is a GO! - The JUP team will be there in full force. Kuala Lumpur, Malaysia, 20-22nd June. RSVP: Here


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State of the J.U.P

@Sssionggg gave JUP Perp Infrastructure update

Perp positions are time sensitive - Network congestion posing problem w/ position management, delay in oracle prices magnifying the issues

Team researching new approach to oracle design to keep up with the stale price issues arising during congestion.

J.U.P = Jupiter United Planet 🌑



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State of the J.U.P cont.

Metropolis Update - Upgrading for the new reality

Major Jupiter platform upgrade coming soon, including upgrades across Token lists, Markets, Txn Submissions, Submission Process and Price Oracles.

Hoping to enhance the overall platform experience for the users.

t0 Market Service - @PierreArowana: Dealing with massive influx of new token listings to quickly pick up new pools being created. Part of Metropolis Upgrades



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State of the J.U.P cont.

Token List Challenge - @9yointern weighs in on the token listing issue. How to manage a trusted list of tokens and imposter tokens?

Currently 50+ hour backlog of token list PR requests.

Upgrade: Moving to a new world - Current process of Binancy STRICT List vs ALL list with enhanced tagging and metrics to allow various levels of validation for tokens. (LST, Jupiter Validated, Partner trending, catdet validated)



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Work Group Updates - CWG

@KEMOS4BE - Zeus LFG launch retrospective: Great performance - "Community selected this project after intense AMA's, coting process and it rocketed up to $1B FDV after launch.

Also pushing forward on Jup.Eco with @antimatter & @sirnaynay to build out a full scope DAO resource platform.

@SlorgoftheSlugs - CWG vesting increased to 4 years from 2 previously. First quarterly update coming on July 6th. Sharky AMA and LFG vote coming in next week.



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Partners Spotlight - Gauntlet

@tarunchitra from Gauntlet stopped by to discuss Risk management strategy for Jupiter line of products.

Perps Engagement Scope - Evaluating risk of perps platform, development of risk models, continous risk assessment.

Goals: Maximize probability of liquidity takers and liquidity provisioners using my venue, understanding offsetting interests of each agent



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Cadet Corner

@usimeow - dropped by with a sick custom teeshirt and repping a Jup.Ecoflag in the background.

Getting involved with the Catdets in discord has really inspired folks to move from a PVP solution to a PPP mentality. Less person vs person and more Peer Pump Mentality.

Always keep learning - "once you stop learning, your done for"



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POAP

Today's POAP #7 was dropped...

Now with brand spanking new anti-bot tech and the hottest art on Solana.