Is the 69 million FDV + JUP staking exclusive pool HumidiFi public sale worth participating in?

An overview of tokenomics and public offering details in one article.

Written by: 1912212.eth, Foresight News

After sentiment in the crypto market hit rock bottom, a rebound began, and the enthusiasm for token issuance has returned. On December 3, Solana dark pool trading platform HumidFi announced the issuance of its WET token through Jupiter’s DTF (Decentralized Token Formation) platform.

Tokenomics and Public Offering Details

The total supply of WET tokens is 1 billion, of which 10% will be allocated for public distribution (fully unlocked at TGE), 40% will be allocated to the foundation (8% unlocked at TGE, the remaining linearly unlocked over 24 months), 25% will be allocated to the ecosystem (5% unlocked at TGE, the remaining linearly unlocked over 24 months), and 25% will be allocated to the labs (fully locked at TGE, the remaining linearly unlocked over 24 months).

WET token holders can participate in staking from day one. WET is a utility token that powers HumidiFi’s staking and fee rebate system. Traders can stake their WET tokens to receive trading rebates. With each transaction, HumidiFi reads the user’s staking tier on-chain and automatically applies the corresponding fee rebate. In short: stake WET to lower trading costs and climb to the most lucrative tiers.

In addition, qualified presale participants on the Jupiter DTF platform are divided into the following categories: Wetlist (6%), which includes HumidiFi users, active and substantial contributors to HumidiFi, and HumidiFi Discord community members; Jupiter stakers (2%); and public presale (2%).

Phase 1 is for the Wetlist (HumidiFi users and community), with an allocation of 60 million WET (6% of total supply), priced at 0.05 USDC per token (corresponding to an FDV of 50 million USD), from December 3, 10:00 (UTC+8) to 22:00 (UTC+8) (EST), which is 11 PM that evening in the UTC+8 time zone.

Phase 2 is for JUP stakers, with an allocation of 20 million WET (2% of total supply), priced at 0.05 USDC per token (corresponding to an FDV of 50 million USD), from December 3, 22:00 (UTC+8) to December 4, 10:00 (UTC+8) (EST). Eligibility is tiered based on time-weighted JUP staking since July this year, with purchase limits ranging from 200 to 10,000 USDC.

To give stakers a chance to acquire a meaningful share, whitelist slots have been over-allocated. Sales will follow a first-come, first-served principle:

• Tier 1: Stake 1,000 to 9,999 JUP - can purchase $200
• Tier 2: Stake 10,000 to 49,999 JUP - can purchase $500
• Tier 3: Stake 50,000 to 499,999 JUP - can purchase $2,500
• Tier 4: Stake 500,000 to 999,999 JUP - can purchase $5,000
• Tier 5: Stake over 1,000,000 - can purchase $10,000

Phase 3 is the public sale, with an allocation of 20 million WET (2% of total supply), priced at 0.069 USDC per token (corresponding to an FDV of 69 million USD), from December 4, 10:00 (UTC+8) to 22:00 (UTC+8) (EST), with a personal purchase cap of 1,000 USDC.

All phases are first-come, first-served, while supplies last. The token and liquidity will go live shortly after the sale ends (exact time to be announced). Users can check their eligibility on the official Jupiter DTF website.

Dark Pool DEX

Within the Solana ecosystem, there are always projects like invisible hunters, quietly capturing massive liquidity. HumidiFi is such a “dark hero”—a DEX focused on dark pool trading.

HumidiFi originated in mid-2025, when traditional public DEXs like Raydium faced persistent issues such as slippage and front-running. As a representative of the “Dark AMM,” HumidiFi chose a different path from the start. It operates through a private liquidity mechanism, where users’ large trades are not exposed on-chain but are matched in the background via an aggregator. This means institutions or whales can execute orders worth hundreds of millions of dollars without worrying about MEV (Miner Extractable Value) attacks or price impact.

According to DefiLlama data, its total trading volume has now reached 120.425 billion USD, with a 30-day trading volume of 31.115 billion USD. On November 9, HumidiFi’s single-day trading volume exceeded 2.5 billion USD.

Why has the dark pool suddenly become a hot topic in the industry? The transparent on-chain order book points on the blockchain can easily become information for traders to target each other.

Changpeng Zhao once stated, “I think now might be a good time to launch a dark pool perpetual decentralized trading platform (DEX). I’ve always been puzzled that everyone can see your orders in real time on a DEX. This problem is even more serious on perpetual decentralized trading platforms with liquidations. Even on centralized exchanges (CEX), orders are not associated with specific individuals, but if you want to buy 1 billion USD worth of a certain cryptocurrency, you usually don’t want others to notice your order before it’s filled. Otherwise, others may front-run you, which is essentially front-running. On a DEX, this could lead to MEV attacks. This results in increased slippage, worse prices, and higher costs for you. That’s why large traders in TradFi use dark pools, which are usually 10 times larger than ‘lit pools’ (i.e., regular order books).”

In addition, for perpetual contracts, it’s even more important not to let others know/see your orders. If others can see your liquidation point, they may try to move the market to liquidate you. Even if you have 1 billion USD, others may band together against you. This may be what we’ve seen recently.”

The highlight of HumidiFi’s dark pool model lies in its privacy protection and efficiency improvement.

In traditional DEXs, users’ orders are easily “sniped”—front-end bots scan the mempool and front-run trades, resulting in amplified slippage. HumidiFi moves trading into the “dark,” and only successfully matched orders are settled, greatly reducing risk, especially for high-net-worth traders.

With Aster on BNB Chain as a predecessor, can dark pool DEXs on Solana now reignite the market’s enthusiasm for new launches?

Currently, Aster’s FDV is 8.36 billion USD, while HumidiFi’s public distribution FDV is only 69 million USD, which may leave room for future price appreciation.

Currently, Solana ecosystem DEX Jupiter’s FDV is 1.765 billion USD, while another DEX Raydium’s FDV is 600 million USD. HumidiFi’s current market share is 35%, Jupiter’s is 31.6%, and Raydium’s is 19%. After its launch, HumidiFi’s FDV may have a chance to surpass Raydium’s 600 million USD.

Renowned trader 0xSun commented, “After the Tokenomics was announced on the 1st, there was quite a bit of FUD because only 10% of the tokens were allocated for public distribution, with the rest going to Foundation+Ecosystem+Labs. However, it was later announced that the launch FDV is 69M, corresponding to a circulating market cap of 15.9M (10% distribution, 8% Foundation, 5% Ecosystem), plus the Coinbase listing news, and the cost-effectiveness is back.”