p48 new PLAAS on Polygon

Discord: https://discord.com/channels/664096525986824243/950417048486441041/950417349964627978

Following the vote on the renewal of the 2jpy program on Polygon, a discussion was held to group all the programs that are with a single fiat-backed stablecoin.

That concerns the 2cad and 2jpy pool, but also a potential 2sgd pool (XSGD has decent liquidity and activity on Polygon).

Therefore I propose the creation of the JRT-MAY22 token, collateralized with $50k of rewards per pair (to target $1M of liquidity with an APR of 30%).

We have already vote that the 2jpy and 2cad pool will be renewed, and I suggest adding the 2sgd pool as well, so $150k of rewards.

Usually we also calculate the reward pool to reach $100k of liquidity but we rarely go over 50k. Therefore, I suggest to target 100% on $50k, which translates into a $8.5k of rewards.

Altogether, this equals to $158.5k of rewards, or $108.5k if we do not add 2sgd.

I suggest to only use JRT for rewards, and therefore call the token the JRT-MAY22

If we were to add the 2sgd program, we would need to have at least $50k of liquidity. Jarvis LTD will add $25k, and I propose to sell UMA for $25k to finance the other 25k.

VOTE:

1. Launch the 2jpy and 2cad program with $108.5k of rewards, without the 2sgd program

2. Launch the 2jpy, 2cad and 2sgd program with $158.5k of rewards, including selling $25k of UMA.