p22-2 increase JRT-ETH liquidity on Polygon

The second part of the proposal is to determine the incentives and the strategy.

Plan suggested:

1. Funnel all the JRT-ETH liquidity into a single one
2. Have this pool incentivized by the AMM (Sushiswap or Dfyn Network)
3. Have Beefy add a vault for this pool (already exist for Sushiswap)
4. Add a boost to the JRT-ETH Beefy vault with a KPI option
5. Add the JRT-ETH Beefy vault token as an approved governance token with 2x more voting power (1 JRT = 1 vote, 1 JRT in the JRT-ETH pool = 2 votes)
6. Have market.xyz add support for the JRT-ETH vault to be used as collateral

About the KPI option:

• We issue 4M KPI options and lock 4M JRT ​with a maturity of 3 months.
• The option will deliver 1M JRT per $1M tranche of liquidity in the pool.

Note: if the liquidity is between 1M and 2M (1M included, 2M excluded) 1 KPI option will deliver 0.25 JRT. If the liquidity is between 3M and 4M (4M excluded), 1 KPI option will deliver 0.75 JRT. The JRT tokens that have not been delivered go back to the treasury.

We distribute 80% of the KPI option to the Beefy vault and 20% to the KPI-USDC LP.

Having a liquid market for the KPI allows having a price to give an APR for the boost in Beefy.

1. YES, deploy a KPI option with the aforementioned criteria, deposit 4M JRT from the treasury to the KPI option, coordinate with Beefy and market.xyz.

2. NO, we don't do anything.