Jupiter Founder: The Key to Solving the Problem Lies in the Pricing and Incentive Imbalance, Requiring a Balance of Fairness and Efficiency in Mechanism Design

On May 16th, Meow, a co-founder of Jupiter, stated, "While we are continuously working on various innovative technical solutions to address the 'sniping' issue, we should never forget that sniping is essentially an economic and pricing error problem. Consequently, any measures taken to mitigate sniping will, to a certain extent, impose costs on early buyers (such as longer lock-up periods, higher prices, or fees)." Many problems indeed require good design and reasonable trade-offs. For instance, a deep liquidity pool can greatly reduce volatility, yet some users have a preference for volatility; from a user's perspective, a truly serious buyer may be inclined to participate later rather than making a full commitment at the outset; there is also a lack of user-friendly interfaces in the market to support 'timed buying'. More fundamentally, we need to formulate 'meta-strategies' regarding precise pricing, risk/reward trade-offs, contributor allocations, and other aspects. However, these topics are often not the main concerns of frontline participants, which leads to a lack of sufficient incentive mechanisms in the market to effectively address these issues."