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Tokenomics

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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.
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Staking rewards

veJARVIS holders can claim part of the revenues of the protocol.
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Voting power

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
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Boost

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.
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Lending

veJARVIS holders can lend their voting power and boost to other users.
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NFT

Eventually, an NFT-based gamification system rewarding users' engagement with the protocol will be set in place to further increase these benefits.
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