Creation of a vault for the iJPEG NFTs

The iJPEG Index NFTs have been purchased. Now is the time to put them to work earning yield on the JPEGd platform.

Proposal: Place the NFTs owned by the iJPEG holders into a vault that cannot be liquidated, with the JPEGd multisig controlling the NFTs and vault. pETH borrowed from this vault will be deposited to The Citadel, and yield from this vault will be claimable by holders of iJPEG in propoportion to their holdings.

Details:

1.) One or more special vaults will hold all iJPEG NFTs. These vaults cannot be liquidated except as described below.

2.) Appropriate LTV rate will be decided and maintained by the JPEG multisig, and pETH will be borrowed from the vault(s). To reach appropriate LTV rate the tokens max boost will be raised to whatever amount is required to reach Appropriate LTV from base TVL of 35 and tokens will be subject to normal %JPEG locking requirements on JPEGd.

3.) JPEGd will create a deposit/withdraw/claim function on the JPEGd platform. Only iJPEG deposited to this contract can claim yield from the iJPEG NFTs.

4.) The JPEG multisig can liquidate the vault(s) if necessary to protect iJPEG holders and the JPEGd platform. In case of liquidation, any remaining proceeds after debt repayment will be distributed pro rata to iJPEG holders.

5.) To enter this vault requires a one time lock of the NFTs themselves of a 1 year period.(however, appropriate circumstances determined by the JPEG multisig can unlock it earlier than a year if needed)

(initial lock is necessary to protect Jpegd Dao's initial time and money spent)