1 month ago, the governance approved the incentivization of holding jFiat.
- 30% of the $UMA rewards have been sold for 39,271.03 USDC in order to mint jFiat; this translate to an approximative monthly yield of 6.75% + JRT will be added to match a monthly yield of 10% (about 125k JRT at today's rate).
- 20% of the $UMA rewards have been sent to the Synthereum LP.
The plan was to hold this program until the launch of the official farming program, which will be launch in 1-2 weeks.
Question: should we maintain the current incentives until the launch of the official program?
- Yes, unchanged: we keep selling 30% of the $UMA for USDC to mint jFiat, and we add JRT to match a monthly yield of 10%.
- Yes, but we need to change them: we will hold another vote to modify these incentives.
- No: we stop the program. 100% of the $UMA are kept by the governance.