Since@Jupiter 🪐 After staking was enabled, many people ignored the existence of ASR, the active staking reward for pledgers, and misunderstood the bribe rewards from project parties on LFG as staking rewards.
In July, the first round of ASR will be issued. This article will explain some key points of ASR.
What is ASR (Active Staking Rewards)?
The important role of JUP tokens is governance, and the size of governance power is also defined as the amount of JUP staked.
To encourage everyone to participate in staking/active governance, Jup provides ASR rewards.
Each project party that obtains TGE from LFG will take out 0.75% of the token rewards and invest them into the current ASR round prize pool.
The total ASR prize pool to be distributed in July
50 million Jup
$7.5 billion
7.5 million $ZEUS
$SHARKY
7.5 million $UPT
There are expected to be 2 more LFG votes in May and June, and there will be more token rewards.
The key to obtaining ASR rewards
1. ASR rewards are only related to Voting Power, that is, the amount of your stake. It does not kill big players or witches.
2. Once the voting is completed, your rewards are locked. Even if you unstake JUP or even sell JUP before July, you can still get the ASR reward of the previous voting rights ratio.
3. It takes 30 days to release the pledged jup. You can still vote during the release period, but the number of available votes will be reduced.
Check your ASR rewards in advance through community tools
Made by @parangodex
https://jup-reward-calculator.netlify.app
As shown in the figure:
Staking 1000 JUP and participating in every vote, and 2 more proposal votes are expected, the expected gains are:
257.0411 JUP (worth $310.01)
38556.1615 WEN (worth $7.02)
38.5562 ZEUS (worth $15.08)
3.8556 SHARK (worth $0.28)
38.5562 UPT
Total: $332.39
Future expectations:
In addition, 40% of the JUP in Tokenomics will be used as community airdrops. Currently, 77% of the 1 billion JUP distributed by TGE has been claimed, and 230 million JUP have not yet been claimed.
https://www.jupresear.ch/t/proposal-utilization-of-unclaimed-jup-to-bolster-active-staking-rewards-asr/16474
Currently, the community has proposed to distribute the unclaimed more than 200 million JUP as ASR rewards on a quarterly basis.
In addition, the future 30% of community airdrops will also be distributed to ASR according to this plan.
Finally, I would like to remind you again that the JUP pledge withdrawal cycle is 30 days and there is a huge risk of fluctuation in the pledged principal.
Don’t be fooled into staking just because of the staking returns calculated in this article.
Respect market fluctuations and do a good job of risk management.
$SOL $JUP