πŸ‘·β€β™€οΈ Token economics
As of today, the JRT tokeneconomics have not been implemented yet. The information on this page can change in the future.
The JRT is designed to align the interest of all the stakeholders and reward them. JRT and JRT-ETH LP tokens (together β€œJRTs”) must be staked in order to unlock key features and benefit from rewards.
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Staking features

Governance

Governors must stake JRTs to earn voting power to govern the protocol and its treasury.

Liquidity

Liquidity providers must stake JRTs to earn escrowed liquidity rewards paid from the yield generated by the collaterals. Liquidity rewards are vested over a 3-month period that can be exited with a penalty.

Rebate

Traders must stake JRTs to claim their monthly rebate on the trading fees they have paid.
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Staking rewards

Simple staking

Staked JRTs earn escrowed staking rewards paid from inflation and buybacks. Staking rewards are vested over a 3-month period that can be exited with a penalty.

Locking

Active holders can lock their stake for a certain period of time to increase their voting power, earn escrowed rewards and exit penalties, and increase the monthly rebate.

Delegation

Passive holders can delegate their stake to governors, liquidity providers, or traders so the latter can increase their voting power, yield, and rebate, in exchange for a reward.
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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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Last modified 1mo ago