autorenew
MET Airdrop for JUP Stakers: Potential Rewards and Staking Tiers Explained

MET Airdrop for JUP Stakers: Potential Rewards and Staking Tiers Explained

The Solana ecosystem is buzzing with excitement over a potential airdrop from Meteora, targeting holders who have staked their Jupiter (JUP) tokens. A recent tweet from DeFi enthusiast @FabianoSolana has sparked discussions by sharing some quick calculations on how this could play out. If you're staking JUP, this could mean some extra MET tokens heading your way—let's dive into the details.

In the tweet, Fabiano references a mention from Soju (likely a key figure in the Meteora or Jupiter community) about allocating 3% of MET's supply—that's 30 million tokens—to JUP stakers. Using some back-of-the-envelope math based on a $2 billion fully diluted valuation (FDV) for MET, the post estimates roughly 0.05035 MET per staked JUP. This isn't an official announcement, but it gives a solid first look at what rewards might look like.

To make it easier to visualize, Fabiano included a handy table breaking down the rewards by staking tiers, playfully categorized with sea creature names like Shrimp for small stakers and Whale for the big players. Here's the breakdown:

MET Airdrop Rewards Table for JUP Stakers

Understanding the Staking Tiers

The table groups stakers based on how much JUP they've locked up:

  • Shrimp: For those with 0 to 100 JUP staked. With over 267,000 addresses in this category, the total rewards add up to about 784,097 MET, or roughly 2.93 MET per address—valuing around $5.86 at the assumed FDV.

  • Crab: Stakers with 100 to 1,000 JUP. Around 85,000 addresses here, sharing 2.5 million MET, which breaks down to about 29.39 MET each, or $58.78 in value.

  • Fish: 1,000 to 10,000 JUP staked. Over 33,000 addresses could see 9.7 million MET distributed, equating to 294 MET per address ($588).

  • Seal: 10,000 to 50,000 JUP. A smaller group of 5,247 addresses, with rewards totaling 7.7 million MET—about 1,471 MET each ($2,942).

  • Dolphin: 50,000 to 100,000 JUP. 716 addresses in this tier, splitting 2.1 million MET for around 2,941 MET per address ($5,882).

  • Shark: 100,000 to 1,000,000 JUP. 644 sharks sharing 5.5 million MET, or 8,564 MET each ($17,128).

  • Whale: Over 1,000,000 JUP staked. Just 51 whales, but they could reel in 1.7 million MET total, meaning a whopping 32,719 MET per address—valued at $65,438.

These figures are estimates and assume a straightforward distribution based on stake amounts. However, community replies to the tweet point out that the actual airdrop might be more nuanced.

Factors That Could Influence Your Rewards

One reply from @andrea_sicky highlights that Meteora has indicated the distribution won't be purely bucket-based. Instead, it could incorporate:

  • Time-Weighted Staking: Longer-term stakers might get a boost, rewarding loyalty over short-term holds.

  • Governance Participation: Active voters in Jupiter's DAO could see higher allocations, encouraging community involvement.

  • Stake Amount: Still a core factor, but combined with the above for a fairer spread.

This means even if you're in a lower tier like Shrimp, consistent staking and voting could bump up your share. Other replies express enthusiasm, with users like @lostsol404 and @TATOnft noting that JUP stakers are "eating good" especially with upcoming rewards from ASR (likely another protocol or feature in the ecosystem).

Why This Matters for Meme Token Enthusiasts

While JUP and MET are more DeFi-focused tokens on Solana, airdrops like this often ripple into the meme coin space. Increased liquidity and rewards can fuel hype, leading to new meme projects or pumps in related tokens. For blockchain practitioners, it's a reminder of the perks in staking—beyond yields, you get access to exclusive drops that can supercharge your portfolio.

If you're not staking JUP yet, now might be the time to consider it. Head over to the Jupiter platform to get started, and keep an eye on official announcements from Meteora for confirmed details. In the fast-paced world of Solana DeFi, opportunities like this MET airdrop could be a game-changer for your crypto strategy.

For the full context, check out the original tweet here. Stay tuned to Meme Insider for more updates on Solana meme tokens and DeFi developments!

You might be interested