p47 PLAAS on BNB Chain

Discord: https://discord.com/channels/664096525986824243/949097027512467588/950408266272370728

This proposal is about incentivizing the 2brl and the JRT-BNB pools.

1. 2brl

• duration of 60 days
• $50k of rewards to target an APR of 30% on $1M liquidity on the 2brl pool on Ellipsis
• $8.5k of rewards to target an APR of 100% on the Reward token pool on $50k of liquidity on Pancakesawp = $58.5k of rewards in JRT.

$125k of liquidity would be required for funding the jBRL liquidity pool (leverage 4). Jarvis LTD will provide $85k BUSD. The treasury will withdraw 20 USDC from its JRT-USDC Balancer pool and add 20k USDC from its reserve to co-LP in the pool.

2. JRT-BNB

• durating of 60 days
• $25k of rewards in JRT for 100% APR on $150k liquidity on Pancakeswap

In total, we would need $83.5k of JRT = 2.1M JRT + 40k BUSD (from our USDC treasury).

The JRT will be packed in a reward token called JRT-MAY22.

The JRT will be bridged from Ethereum using wormhole.

Vote YES - finance the program with 2.2M JRT and 40k BUSD. NO - do not launch this program