Epoch duration: 6 hours Deposits / Withdrawal of JAM into the Boardroom will lock JAM for 4 epochs (24hrs) and JELLY rewards for 2 epochs (12hrs).
The above is the same for JELLY rewards claiming, this will lock staked JAM for 4 epochs (24hrs) and the next JELLY rewards can only be claimed after 2 epochs (12hrs).
80% as Reward for Boardroom JAM stakers 15% goes to DAO fund 5% goes to DEV fund Epoch Expansion: Current expansion cap base on JELLY supply, if there are bonds to be redeemed, 65% of minted JELLY goes to treasury until it’s sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate.
Stake your LP to earn JAM share tokens
Shares Pools (Shares Reward) available for 180 days:
JELLY-USDC LP: 33,000 JAM-USDC LP: 21,000 JELLY: 5,500
JBOND (bond tokens) are available for purchase when JELLY falls below the 1 USDC peg. If JELLY's TWAP is between 1.00 and 1.01, neither JBOND nor JELLY will be issued.
e.g. if JELLY's TWAP < 1, exchange JELLY for JBOND will be in a 1:1 ratio.
JBOND (bond tokens) are available for redemption when JELLY goes above the 1 USDC peg.
To encourage redemption of JBOND for JELLY when JELLY TWAP > 1.1 and incentivize users to redeem at a higher price, JBOND redemption will be more profitable with a higher JELLY TWAP value, of which JBOND to JELLY ratio will be 1:R, where R can be calculated in the formula as shown below: