Super jFIATs
Super jFIATs (sjFIAT) are yield-bearing jFIATs using the ERC4626 standard. They accrue yield by simply holding them following an exchange rate.
Revenues
The governance decides what portion of the revenue should be allocated to Super jFIATs. Periodically, the governance converts the protocol's revenue to jFIATs and deposits them into the Super jFIATs contract using the Superfluid protocol.
Superfluid allows for streaming rewards block by block and adjusting the number of jFIATs streamed per block. This gives governance the flexibility to increase or decrease the stream to impact
Minting
Super jFIATs are minted by depositing jFIATs in the contract, following the exchange rate calculated by the contract.
The exchange rate is non-linear and is calculated by taking the ratio between the jFIATs deposited by users and the total jFIATs in the contract (jFIATs deposited by the user + jFIATs streamed).
Redemption
Super jFIATs can be redeemed for jFIATs following the exchange rate.
Risks
Super jFIATs are constructed on the Super Fluid protocol, thus inheriting its risks, along with those associated with jFIATs outlined in Risks.
Addresses
Base
Last updated
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