Jup Studio

as little surprise: airdrop of ~$50K in $SHACK has just been released to every loyal Shack holder who held 40'000 SHACK or more as 1 yr anniversary gift. the higher your ownership the higher the airdrop, with the top holder having received $10K in Shack. thank you for supporting Shack's mission! this also kicks off next steps towards v3 of Shack. Shopify made it possible for everyone to create their own online shop. Shack will make it possible for everyone to create their own Shack: a private trusted P2P marketplace for whatever vertical users desire (family & friends, neighborhoods, watches, cars, collectibles, you name it). trade moves at the speed of trust and letting users decide who can or can't join their private Shack is the ultimate trust enabler. as part of this new phase we will also make use of the 50% unlocked SHACK JUP Liquidity Pool, by withdrawing and shifting part to the Shack USDC and Shack SOL pool (to offer broader ecosystem liquidity options), while also using the liquidity to invest in product, marketing and legal for the global roll-out of v3. aiming for the first phase of v3 as early as end-of-August, which will coincide with the seasonal rise of eCommerce. what does v3 entail? 1. create, manage, grow your own private marketplace (Shack) 2. dedicated Shack feeds with supply AND demand insights as well as full marketplace functionality (filter, map, auto listing, profiles, orderflow, etc.) 3. non custodial wallets to buy/sell stablecoins for P2P trade and buy/sell $SHACK via @crossmint 4. global availability of the Shack iOS app 5. deleting listing form for instant auto listing (and post editing) 6. integration of Uber Direct for on-demand logistics regulatory approval for many of these components shouldn't be underestimated and we're working with the awesome team @LEXRLAW to be fully compliant. we can't wait to see how this new direction of Shack resonates with our current and future user base. the non-conensus bet: people start creating, growing and most importantly building social trade connections within their own decentralized Shacks. the implications for retention, growth and long term potential shouldn't be underestimated and could dwarf the consensus of prevailing centralized public marketplaces. Silk Road paved the adoption of crypto 15 years ago through P2P trade. high time to continue by building a global trusted decentralized P2P trade network for legal goods: accelerating freedom.