Jupiter swap and the $JUP token airdrop on Solana

Jupiter swap and the $JUP token airdrop on Solana

Author: Nick and James January 2, 2024 Duration: 55:31

A conversation with Siong, the co-founder of Jupiter swap.

❤️‍🔥 Click here to mint this episode as an NFT on Solana - solfate.link/mint42 💪


Full show notes: solfate.com/podcast/42

Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)


Notes from the show

The conversation covers the background and journey of the Jupiter swap aggregator, a popular protocol in the Solana ecosystem. It starts with the early days of Solana with the launch of Mercurial finance and eventually Jupiter. Our discussion also highlights the scaling and optimization of Jupiter's infrastructure, its user base, and revenue model. Finally, we explores the timing of Jupiter's token airdrop and the market excitement surrounding it.

In this conversation, Siong, co-founder of Jupiter, discusses the growth and revenue of the business, the token launch and community involvement, the goal of the JUP token, engaging the community with tokens, scaling challenges and user growth, and the power of governance tokens.


Takeaways

  • Jupiter started as a project to bring volume back to Mercurial but evolved into a dominant protocol in the Solana ecosystem.
  • The team focused on scaling and optimizing Jupiter's infrastructure to improve user experience and reduce costs.
  • Jupiter's revenue model includes fees from limit orders, DCA, and perpetuals, as well as a portion of fees charged by partners who integrate with Jupiter.
  • The announcement of Jupiter's token airdrop generated significant market excitement and increased user traffic and volume on the platform. Jupiter has experienced significant growth in revenue.
  • The JUP token launch involves community input and decision-making, allowing users to contribute their opinions and ideas.
  • The goal of the Jupiter token is to distribute fees and create a sense of community among users.
  • Siong feels tokens are a powerful tool for incentivizing behavior and allowing the community to govern the protocol.
  • Future plans for Jupiter include exploring stable coins and launching Jupiter Start to support other projects in the Solana ecosystem.


Find Siong and Jupiter online


Follow us around


Nick

James

Solfate Podcast


What does it actually take to build a meaningful project in the fast-moving world of Solana? On the Solfate Podcast, hosts Nick and James pull back the curtain on the process, moving beyond hype to explore the real work happening on-chain. As developers actively building in the ecosystem themselves, they bring a practitioner's perspective to every conversation. Each episode features an in-depth interview with a founder or core builder, delving into the technical hurdles, strategic decisions, and personal journeys that define their work. You'll hear firsthand accounts of architecting protocols, designing tokenomics, navigating community growth, and solving the unique challenges presented by high-performance blockchain technology. The discussions are grounded, detailed, and focused on the mechanics of creation, offering listeners a genuine look at the innovation shaping Solana's future. This isn't about surface-level commentary; it's a series of deep dives for anyone curious about the people and code behind the projects. Tune in for candid insights you won't find anywhere else, straight from the developers on the front lines.
Author: Language: English Episodes: 76

Solfate Podcast - Interviews with blockchain founders/builders on Solana
Podcast Episodes
How the Helium network migrated to Solana (feat. Noah Prince) [not-audio_url] [/not-audio_url]

Duration: 46:38
Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showFor this special episode, we are joined by Noah Prince (aka @redacted_noah on Twitter). One of the Solana devs behind th…
State compression, Gum protocol, and on-chain session (feat. Shek) [not-audio_url] [/not-audio_url]

Duration: 40:23
Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showJames is out for the week, but Nick is joined by Shek, the founder of Worcel and the Gum protocol.Shek shares his reason…
How does State Compression work on Solana (feat. Mert from Helius) [not-audio_url] [/not-audio_url]

Duration: 55:10
Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showWe are joined by the Mert, the vocal Solana supporter and founder of Helius.xyzAs a former Coinbase employee, we got Mer…
USDC depeg, a Solana light client, and Elusiv for privacy [not-audio_url] [/not-audio_url]

Duration: 33:15
Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showAfter the USDC depeg, and return to peg, James and Nick talk high level about how USDC works. And a bit about some US fi…
XRAY explorer: Grizzlython hackathon submission [not-audio_url] [/not-audio_url]

Duration: 34:21
Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showJames and Nick are joined by the creators of the XRAY explorer, a human readable Solana explorer being built for the Sol…
an outage and a MadList [not-audio_url] [/not-audio_url]

Duration: 27:54
Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showJames expresses his thoughts on the recent network outage, and the gents talk about Nick’s first week of working at the…
Nick joins DevRel at Solana Foundation! [not-audio_url] [/not-audio_url]

Duration: 28:45
Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showBig news! Nick just started his new full time job on the DevRel team at Solana Foundation! James also declares he is goi…
chat with Vibhu about why SolanaSpaces is shutting down [not-audio_url] [/not-audio_url]

Duration: 42:24
Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showAs the announcement that SolanaSpaces will be shutting down their two store locations, we are happy to welcome Vibhu, th…
Solana Monkey Business, Solana Pay, and marginfi lending [not-audio_url] [/not-audio_url]

Duration: 32:30
Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showHadeSwap acquired Solana Monkey Business. marginfi started collecting funds for their new on chain lending protocol, and…
Discussing pNFT and wallets with Vibhu (founder of Drip.haus) [not-audio_url] [/not-audio_url]

Duration: 15:34
Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showJames and Nick welcome Vibhu, founder of Solana Spaces and the DRiP.haus, on to the episode where they talk about progra…