The most important mission we have with LONG is figuring out how we make pairs more attractive as a new asset class and more interesting for net new long term holder. we want to re-build the stock market and empowering pairs to become a distribution engine that constantly capture more value. ETF mangers and hedge funds on Wall Street been running extremely lucrative biz for years. AI holders can now own and manage their own basket with $250k TVL + get fees from the market activity. Wrote about it yesterday, I think LongX baskets are 0-1000 moment for expressing a thesis via specific combo of assets and own the upside. The cool part here is that there are bunch of extremely smart holders in AI and other pairs in LONG and I think they will find a lot of utility around these. Even if you’re not into perps and stock portfolios I highly recommend to try it out. It cost nothing to vote you just need to hold AI in your wallet and you get fees in AINX on auto. The current proposal is to rest the leverage on NVDA ahead of an expected rally. But it can go much deeper than that from increasing total leverage add new assets and so on. There are bunch of design questions here we will tackle one by one(how we get holders on apps like fomo to vote? how much optimality we want to provide? Should we use curators? How about adding a carry from PNL and so on) We gonna keep pushing novelty as far as we can. I’m gonna break it down further in the coming days. And also working with additional teams to bring their communities custom baskets bases on demand. Keep it LONG.

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ai16z walked so virtual could run so $imd could fly

A lot of fear, confusion and also tremendous hope on the TL today around AI. Now it’s more important than ever to refocus. I think this is probably the most important period we’ve had since the early days. The absolutely wild transformations and situations AI is going through are one in a billion opportunities, and this is another pivotal transition period. First let me be super clear I’m 1000% committed to keep pushing AI. There is nothing, and I repeat nothing, that can discourage me. If you think it scares me that people look up to me and believe I can impact the course of events, you are deeply wrong. I actually find it empowering and would rather have responsibility and power than neither(being passive and neutral and not setting a clear tone for your vision is why we keep playing the same games) I also fully understand that I’m the biggest public face of the asset. Again, I’m reiterating a commitment like no other founder in this space has made. I will bring AI to the finish line and then straight to the next race(along with many cracked holders and aligned partners!) I understand the implications and have sufficient conviction in both myself and the asset to state this publicly. I’ve already said it and demonstrated it through my actions for 2+ months. I never give up as simple as this. When we launched LONG on RH, it was clear to me that we were going to do the impossible and prove the case for PVE. Beyond the RWA angle, it was clear that any “meta”, as good as it might be, succeeds or fails based on one thing. The level of commitment and trust the launching platform can demonstrate. LONG can be the first real incubator for great assets by going above and beyond and caring about assets on our platform more than anyone else in the history of the space. And also optimizing for a different biz model/success metrics that come over the expense of making MUCH more fees/money for ourselves in the short term. I see no conflict here and want to make sure every top pair on LONG survives and thrives. My thesis for AI First, in what sense is AI PVE? AI is the most impactful asset in recent crypto history. There has never been an asset this unique, reflecting the deepest desire of holders to believe again and finally break out of crypto and expand into the real world. These are the two main reasons it can become the greatest case study in crypto history. You need to understand that the most bullish signal of AI’s importance is that almost every chain, project and launcher is comparing itself to AI, trying to flip it or kill it. Being irrelevant or confined to a narrow segment as the leader of X or a runner on launcher Y and chain Z creates a predictable path and hard ceilings. it's not the kingmaker trade if no one tried to take it's place. And it will only get stronger(even more bullish) We must protect this positioning and make sure AI can never be reduced to one single narrative, whether it’s the ticker, OG INU vibes, the canonical asset for RWAs or a platform token. What will be the main factor driving AI to win? It’s simply the most relatable asset for the largest group of people. I saw this Pump ad last night, then went a step further and looked at the Pump App Store screenshots. Everyone across chains, regardless of affiliation and whether they like to admit it or not, knows very well that AI is an extremely organic asset forged through pure grind and conviction. It has what it takes to onboard an incredibly large group of people into the space. AI is the poster child of the space. It perfectly captures the OG ethos of believing that holding can actually change your life. It connects the past and its OG memes and assets with today’s desire to make crypto great again(whether you’re an OG or a newcomer who missed the cycle) and the future where we scale into the real world. The closest parallel I see to crypto, a place with so much opportunity that often becomes PVP or just an insider rotation, is the world of finance and AI today. It affects EVERYONE. From the sharp guy who graduated from MIT but couldn’t get into the big AI labs early as an employee to get like 30m in pre-ipo equity, to the average Joe who thinks AI is going to kill us all or mostly benefit the already rich, to the stock trader who can only get exposure to AI at an extremely high IPO valuation. The goal of AI is to offer an alternative to the existing financial system, which is heavily focused on scaling the value of AI fast while leaving most people behind. Most importantly, it’s about empowering people with the belief that they can work together towards the same goal. It stars with the best in-class infra for the stock market of the internet but matched with the growing amount of people that want to try something new and getting better at growing with these. Understand this and you realize it’s a mission rather than a specific bet on a ticker, meta or whatever. We will get to a point where the distribution is so unique and so battle tested(along with deep stock liq) that crypto cycles, chain rotations and the narrative of the day can't hurt the value of AI. This is how the narrative spreads. At every stage of its growth, I can clearly see how AI can align with and onboard new marginal holders while continuing to grow. We are already see it expand from CT to serious capital allocators within the space, then to people outside crypto and eventually Trad Fi asset managers. Every step here has a good plan. The mission of LONG and its relationship with AI and other assets The mission of LONG is to make tokenized markets valuable again. This is very important to understand because it immediately gives you a sense of what we mean by PVE. There is no real scarcity of crypto flows or liquidity that create a 0 sum game between a 1b runner to another 100m runner, especially now as we enter a bull market. The real scarcity is fairly launched, high quality assets that are sustainable and produce real upside. Get even 10 of these and there will be still infinite demand to get into these rather than low quality ones. I think of AI as a major asset like BTC. BTC definitely paved the way for other assets like ETH. At one point ETH even reached 90% of BTC’s market cap and became more attractive if you get in early, and SOL had its moment later on. The communities behind these assets tried to flip each other, but eventually each asset survived and built incredible network effects around a specific category. I’d argue they helped each other establish themselves as the undeniable “majors”. This is my vision for LONG as well. I want to see multiple generational assets that form the “LONG majors” category. Any asset on LONG that proves the high conviction HODL playbook and the ability to scale to a larger group of people is by definition a net positive for major assets on LONG, especially AI, and even more so for the entire space. One day we might see an asset like AI launched somewhere else or on another chain, assuming it becomes easier once the first one proves the case. That's ok. And again if you're really forcing yourself into PVP and 0 sum you can think at the HOOD stock, or hype or lit as competitors it's just a made up rule the only people are benefiting are these who want to a quick way to build reflexively and tap into an established asset. You can also see quite clearly that other mature major runners haven’t hurt AI. We mostly see weakness when we enter full PVP mode, with launchers, KOLs and almost every interface optimized around short hold times. They are very good at creating that experience and breaking even the purest HODLers out there. It’s important for AI to stay strong and break ceilings. Having its conviction tested and becoming stronger alongside other assets in the eco with different approaches is also part of the process BTC, SOL and ETH went through. What makes AI antifragile? First, the fact that it has survived what other assets couldn’t. A hundred things that would have killed any other pair, but not this one. Then there are its many anchors. The canonical asset for RWAs, closely associated with one of the highest potential categories we have, and the deepest onchain liquidity. Remember, AI has no major CEX listing and no MM. Its robustness comes purely from its onchain liquidity system (no central point of failure) It’s paired with NVDA, the “AI” stock and the greatest blue chip, and benefits from its growth. It’s the most held new asset in crypto, with legendary lore and memetics, guys like DubmCrayon, board sit, incredible IP, a unique character with differentiated branding and a great ticker. Then there’s the greatest memefi value accrual through the LongX flywheel, Community vault flywheel, Long500 flywheel and AI pairings flywheels. All of them benefit from real growth in demand related to RWA, LONG activity and the distribution AI achieves and nor just relay on platform vol or fees. Each of these is strong enough on its own to take an asset to 1b. Together, they make it impossible to deal AI a fatal blow as long as holders understand the big picture. The last part is simply not giving up, no matter what. I want to be clear here as well. No single holder or group of top holders will decide the fate of AI. I will keep pushing regardless, and I believe there are many holders like me. There have been a lot of smart, sharp people who didn’t want to take a bet on LONG and me, and all of them missed tremendous upside. As always, everyone is welcome, but we are not trying to force conviction into anyone. LONG.

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Just started using FOMO and I’m up 50% from where I started. If you haven’t already I’d highly recommend looking into it! Check out @TataWannih on fomo: fomo.family/user?userHandle=…

Best Ace! In-depth guide coming soon. Follow and stay tuned! Bandai Card Fest MNL Placement: Finalist (Top 2) Leader: UR Ace ❌ Zoro ✅ Imu (1st) ✅ Bonney ✅ UR Ace ✅ UR Ace ✅ UR Ace ✅ Zoro ✅ Roger ✅ UR Ace ✅ Imu ✅ Roger ✅ UR Ace 💔 Imu (1st)

Ok happy with this closing! It was a good trade! Still believe it goes higher just securing some profits!

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Seen the coin super early but didn’t feel right buying it. RIP to bro 🙏

Bybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago. It appears that this specific transaction was musked, all the signers saw the musked UI which showed the correct address and the URL was from @safe . However the signing message was to change the smart contract logic of our ETH cold wallet. This resulted Hacker took control of the specific ETH cold wallet we signed and transfered all ETH in the cold wallet to this unidentified address. Please rest assured that all other cold wallets are secure. All withdraws are NORMAL. I will keep you guys posted as more develops, If any team can help us to track the stolen fund will be appreciated. etherscan.io/tx/0xb61413c495…

Ummm… @ezcontra @blknoiz06

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Jupiter is about to airdrop free money to a ton of people, and you’re bearish? Feels like we’re heading back to memes soon! 🚀🌕 $JUP

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JUPUARY 2025 CHECKER IS LIVE It’s the most wonderful time of the year - Jupuary is nearly here! Jupuary is our annual airdrop designed to Grow the Pie. Our goal is to send a gift to qualified users, invite them to contribute their ideas through governance, and continue expanding the best DAO in crypto. The process of getting to this Jupuary was itself historic. For the first time ever, we raised the passing threshold to 70% of votes. Jupuary only works if it's a unifying event, and we knew we needed a supermajority of the community on board before taking any steps forward. In the first vote, that threshold was not reached. But thanks to the brand-new Verified Feedback system, we were able to account for the thoughts of real voters and reshape the proposal for the 2nd round of voting. Not only did that vote pass, it passed with a stunning 87% of the community in favor! For anyone watching at home, this is what meaningful governance looks like. Now, with a unified community, tens of thousands of pieces of feedback, and hundreds of hours of community discussion, we are ready to share the structure of Jupuary 2025. // New Year, New Approach Last year’s Jupuary was wildly successful in setting the foundation for the JUP DAO. We airdropped 1 billion tokens to 955,000 wallets, including every wallet who had used Jupiter, bot or not. But this year’s Jupuary will be very different, because the Jupiter community is now very different. Last year, we had a single product (Swap). Now, we have a full portfolio of products that are among the best on Solana. As a result, we’ve more than 10x’d the number of users and more than 50x’d our total volume relative to last year. With so many more users doing so much more volume, we have to change the structure of Jupuary. If our goal is to invite active users to the DAO, we need a compelling invitation. And the invitation will only be compelling if the size of the airdrop is meaningful. To do this, we are instituting qualifying thresholds, stronger anti-sybil measures, and Swap Scores that take into account a range of variables (more on that later). To put it bluntly: not everyone is going to get an airdrop this year, and many qualified wallets will get a smaller drop as compared to last year. But the ~2m wallets that do receive the airdrop will be more likely to be real cats, more likely to participate in DAO governance, and more likely to help us accelerate towards a decentralized future. And when it’s all said and done, Jupuary 2025 will be the largest qualified user airdrop in history. // High Level Structure We’re dividing the airdrop into three high-level categories this year: 1/ Users. The fuel that powers the Jupiverse. Users who have gotten value out of Jupiter products, seen our ethos in action, and care about the future of Jupiter products are the basis of Jupuary. 2/ Stakers. Our longest-term supporters. They form the heart of the Jupiverse. By including them, we give more governance power to those who have demonstrated belief in the future of Jupiter. 3/ Carrots. Based on community feedback, we felt it was important not to deploy all of Jupuary at once. A portion of the approved $JUP will go towards incentivizing Jupuary recipients to stake/hold their airdrop, while another portion will be used to run growth campaigns to bring more users to Jupiter. Since growing the DAO is the primary focus of Jupuary, and because the number of users is an order of magnitude more than stakers, Users will receive the vast majority of the airdrop - 440m out of the 700m JUP. To pay respect to the different types of users, we will break this category down into two sub-groups - Swap Users and Expert Traders. Swap Users engage with Jupiter Swaps, either via jup.ag or through our API integrations (e.g. through Phantom). Expert Traders use the other Jupiter products - Perps, LO, DCA, VA, and Ape - to execute more sophisticated trades. At the same time, Stakers have been critical to the success of the DAO so far, and also merit inclusion in Jupuary. We want to ensure they have more governance power, given their long-term alignment with the Jupiverse. They will receive 60m tokens out of the 700m JUP. And finally, we have the Carrots. This bucket will power programs that encourage more people to actively use Jupiter, contribute to the community, and stake their JUP. In total, 200m out of 700m tokens - will be set aside for Carrots. Let’s get into the weeds. // Swap Users This year, we’re going with a tier-based approach to user airdrops. This is for a simple reason: power laws. The top 10% Swap Users (more than $8k in volume) were responsible for 99% of the total swap volume, and the top 1% of Swap Users (more than $200k in volume) were responsible for 97% of the total swap volume. If we distributed linearly, everyone would receive .0033 JUP per $1 swapped, and a very small group of people would receive nearly all the JUP. This is counter to our primary goal of growing-the-pie, so tiers were the best option. Based on feedback from awesome community members like @marinonchain and JUPWhale, we knew it was important to create multiple tiers at the lower levels. Smaller traders are an important growth area for Jupiter - if we can invite them into the DAO and make them feel appreciated, they are more likely to increase their usage and contribute their time to the DAO. We also received feedback from people like @lochiejarvis201 and @Jeanlucbb0 that the tier structuring itself was important. The tiers needed to be standardized in a way that made it easy for everyone to understand and get excited about the airdrop. For that reason, we’re primarily relying on simple tier intervals at round numbers. Many community members - like @_asimsy and @Crypto_Minion - also flagged the importance of removing sybils and bots from the airdrop. Including them would skew the qualifying amounts for tiers and would take JUP away from the earnest users we wanted to reward. To remove sybils and bots, we removed all wallets that: - Traded for less than 3 weeks. These wallets weren’t dedicated Jupiter users, regardless of their volume. - Had a 50+% failure rate for sending transactions on Solana (a dead giveaway that you run on code instead of food) - Exclusively conducted rapid circular transactions (from token A to token B to token A again). These circular transactions are typical for arbitrage, rather than actual trading. We identified 750,000+ wallets (!!) that fell into these categories. But given the sheer scale of Jupiter usage - more than 10m wallets - it is possible that some real users accidentally get labeled as sybils or bots. Don’t worry! If you were incorrectly labeled, you’ll have 3 months to appeal the decision and receive your Jupuary allocation. Finally, we knew we couldn’t airdrop based purely on volume alone. This would be too easily gamable by sybils and bots. So created a Swap Score to give a more fine-tuned picture of Swap User behavior. To do so, the team (particularly @9yointern, @YodaHeld, and @notawizard) invested ENORMOUS amounts of time and energy. To build the Swap Score, we had to look at literally hundreds of millions of transactions made via Jupiter, normalize them all to the USD value of the tokens at the time, and then calculate the swap score with a variety of inputs. If that sounds easy, let me assure you: it was not. But the effort was worth it in order to meet the Jupuary goals. Here’s how the Swap Score works: - All transactions over $5 are counted towards your Swap Score. Transactions below this amount are frequently (but not always) bots of one kind or another. - Volume from sol-to-sol swaps (e.g. jupSOL <> SOL) is discounted heavily. These trades have very limited risk and were commonly used by farmers. However, there are many organic traders doing these types of trades, so we didn’t want to exclude them entirely. - Volume from stablecoin-to-stablecoin swaps (e.g. USDC<>USDT) is discounted very heavily. Daily swapping of stablecoins was a common farming technique which we wanted to avoid, without fully removing the legitimate cases from user volume. - Volume for all other trades (e.g. JUP <> USDC) were counted at 100% of their nominal volume. With that said, here are the final Swap User tiers: But that’s not all! We’re also creating a special Swap Consistency Bonus. If you swapped in at least 8 months of the past year, you will get a bonus of 25 - 500 JUP, based on your tier. This bonus aims to reward our most loyal users, who are also the users most likely to understand the Jupiter mission and be excited about governance going forward. // Expert Traders Expert Traders are a major part of Jupiter’s growth, trying out new products and giving us feedback on more advanced product lines. As mentioned, there are a significantly smaller number of Expert Traders in this Jupuary - roughly 270k wallets. But these wallets pay fees for product usage and contribute heavily to Jupiter’s volume and community. For that reason, they will receive a substantial airdrop of 70m JUP. The tiers for Expert Traders are created by looking at a combination of volume and individual trade sizing. After all, a $1m trade on JUP Perps costs more in fees and has a fundamentally different profile than a $10 trade. After running extensive analysis and working with the community’s feedback, the final tiers are: Btw, if you are both a Swap User and an Expert Trader, you will receive a part of both allocations. Lucky you 🥳 // Stakers Stakers of $JUP are the core of the Jupiverse. Without their long-term support, ideas, and energy, the JUP DAO would not be the most active DAO on Solana. By including Stakers in the Jupuary airdrop, we show appreciation to our long-term supporters and give them even more of a say in Jupiter governance. We set the total allocation here at ~60m, enough to provide a meaningful reward while still leaving allocation to focus on growing the pie. Importantly, we didn’t just look at your stake during the snapshot. After all, you might have staked, unstaked, moved wallets, etc. Instead, we looked at your time-weighted stake. In short, we took 2 snapshots every month of the past year, averaged your amount of stake throughout the year, and then compared that to the total amount of time-weighted stake. Simply put, those who staked more JUP for longer periods of time will receive the largest allocations. For Stakers, a linear-airdrop will be used to accurately reward those who demonstrated the most alignment by staking their tokens. Based on the total amount of time-weighted stake, you will receive roughly .082 JUP per 1 time-weighted JUP staked. But the gift to stakers doesn’t end there. // Staking Airdrop Bonuses All stakers are important, but there are two groups that deserve special love: Super Voters and Super Stakers. Super Voters are in the top 10% of the most active voters. For this Jupuary, that includes anyone who voted on 13 or more proposals. Active community governance is essential for Jupiter’s high-growth future, and Super Voters will receive a bonus allocation for their consistent contribution. This ends up being roughly .106 JUP for every 1 JUP of time-weighted stake. Super Stakers, on the other hand, are those who have never attempted to unstake their JUP (as of Jan 11th). These folks are the definition of long-term aligned. Naturally, we want to ensure more JUP ends up in the hands of these kinds of people, and as a result they too will receive a special bonus allocation. This ends up being roughly .126 JUP for every 1 JUP of time-weighted stake. The best part? These rewards stack together. If you staked all year, voted on 13+ proposals, and never tried to unstake, you will receive roughly .313 per 1 JUP of time-weighted stake. Remember though, since we’re time-weighting the stake, you shouldn’t just multiply these numbers by your current amount of stake. You may receive more or less, depending on your exact time-weighted stake. // Carrots The community was unified in their belief that we needed to set aside a portion of Jupuary to fuel growth of Jupiter products. After all, the primary way people joined the DAO was by using the products first. Hence the idea of Carrots was born. Plus, cats love carrots (i think). 200m JUP will be set aside as carrots for ongoing participation in the Jupiverse and to accelerate future growth. It will not be distributed alongside the User/Staker airdrop in January, and instead be allocated over the course of the year. The Carrots pool will be used for multiple purposes. First, some will be used to encourage airdrop recipients to claim and stake via Jupiter Mobile. Second, some will be used to handle any appeals. Third, some will go towards Good Cats, those who contributed significantly to the Jupiverse over the past year. Finally, some will remain available for future Alignment and Growth programs. We’ll have more details about the Jupiter Mobile bonuses and the appeals process in the coming days. Note that Carrot allocations are not going to be presented in the Checker, as they will come later in the year. // Claiming Your Jupuary Airdrop For the first time ever, we're introducing Jupiverse Profiles - a unified identity system for the entire Jupiter ecosystem. Creating your profile is simple: just link your email address and connect your wallets. This streamlined process allows you to manage and view your airdrop allocations across all your wallets in one convenient dashboard. Importantly, you are going to receive an airdrop on a per-wallet basis. Linking wallets will have no effect whatsoever on your total allocation. We are not going to sum your scores from all wallets - we just want to make it easy for you to see all of your allocations in one place. But the vision behind Jupiverse Profiles extends far beyond just airdrop management. It's a foundational step in growing and strengthening our community. By creating a cohesive identity system, we can better understand and engage with our community members, connecting the Jupiverse more deeply than ever before. Going forward, your Profile will serve as your central hub for everything Jupiter-related: from airdrops and Good Cats applications to future product launches and community initiatives. Keep an eye out at Catstanbul for more details on how this is going to be used going forward. By creating a Profile, you're not just making your Jupiter experience more convenient - you're becoming part of a more connected and dynamic Jupiverse. // What Happens Next Today, you can create your Profile and see your allocations. Next week, we’re going to launch the Jupuary airdrop before Catstanbul begins. To say it plainly: this Jupuary will be the biggest airdrop yet. If we are successful, we will create more power users, cement $JUP as one of the most important tokens in crypto, and turn the Jupiverse into a cultural force that spreads our core values. The first Jupuary set the foundations for the DAO, this second Jupuary will bootstrap its widespread adoption. However, the third Jupuary will not look like either of the prior two. To understand why, you’re just going to have to come to Catstanbul 😉 J4J. Check your Jupuary 2025 allocation and create your Jupiverse profile here: jupuary.jup.ag

Jupuary 2025 Airdrop Checker is Live | JUP Rally x.com/i/broadcasts/1lPKqObwV…