As of today, the tokenomics have not been implemented yet. The information on this page can change in the future.
There will be a token swap from JRT to JARVIS. There will be 42M JARVIS.
The JARVIS token is designed to align the stakeholders' interests and reward them.
JARVIS and JARVIS-ETH LP tokens (together "JARVIS") must be locked using a ve-model to receive staking rewards, voting power, and boost.
JARVIS holders can lock their tokens for 1 to 100 weeks. The more tokens are locked, and/or the longer they are, the more voting power and boost.
veJARVIS holders can claim part of the revenues of the protocol.
veJARVIS provides voting power to govern the protocol and its treasury.
The protocol builds its treasury through different revenue streams:
- Protocol Owned Liquidity (POL) in primary and secondary markets (Liquidity Pools, AMM, money markets).
- Commissions on the interest generated by the collateral lent on money markets (Liquidity Pools, Credit Lines, Wrappers).
- Origination and repayment fees from the Credit Line.
- Treasury management (trading, lending, farming, etc.).
- Bonds and token sales
veJARVIS provides boosting power to increase the revenues of LP in the Liquidity Pools and of borrowers in the Credit Line.
By default, LPs and borrowers earn 40% in-kind of the interest generated by lending out the collateral on money markets. The other 60% is used to buy back JARVIS on the market. These JARVIS are shared amongst LPs and borrowers according to their boost.
veJARVIS holders can lend their voting power and boost to other users.
Eventually, an NFT-based gamification system rewarding users' engagement with the protocol will be set in place to further increase these benefits.