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Jarvis NetworkJarvis Networkby0x03C2Bc72A3E007179E54fFb4563cc235beC8151ajarvis.lens

Incentivize minting jFiat - 2/3

Voting ended almost 5 years agoSucceeded

This is a proposal, constituted by 3 sub-proposal and votes.

2 - How the rewards should be distributed?

Following the first proposal about the percentage of $UMA tokens that should be shared with the jFiat minter and holder, another question needs to be addressed.

The most straightforward solution is to distribute the $UMA tokens to the participant.

But some community members suggested to sell some of the $UMA tokens used for rewarding the participant, for USDC, to mint more jFiat with these USDC, and to reward the participants with these USDC.

This will increase a bit the number of jFiat, and therefore the number of $UMA tokens received the following week.

Some community members added that we could also give some JRT to increase the APY.

Note: if the option 2, 3 or 4 wins, another vote will be held to determine the ratio between these tokens.

Off-Chain Vote

$UMA alone
361.62K 1.9%
$UMA + JRT
1.83M 9.8%
$UMA + jFiat + JRT
906.39K 4.9%
jFiat + JRT
11.21M 60.1%
jFiat alone
4.34M 23.3%
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Timeline

Mar 18, 2021Proposal created
Mar 18, 2021Proposal vote started
Mar 19, 2021Proposal vote ended
Apr 21, 2025Proposal updated