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Wall Street ChadsWall Street Chadsby0x7C3eF1C57C750A9F1B7A8E8B599a71e4CF4cC9E50x7C3e…C9E5

Purchase 2 ETH of JPEG Token

Voting ended almost 4 years agoSucceeded

JPEGd is a lending protocol that will allow blue chip NFT owners to borrow ~33% against their NFTs. JPEG is the coin. The protocol is backed by some of the biggest whales in the space including Tetranode. The best analysis is done by Bow Tied Bull who is now indicating JPEG tokens are trading at a significant discount to the ETH treasury. There are many lending platforms in the NFT space, but most are peer-to-peer. JPEGd offers instant liquidity for the highest valued NFTs. Additionally the low loan to value ratio ensures protection from downside loss.

Currently JPEG tokens are trading below treasury value. This entry provides downside protection and massive upside as the project develops.

Buy 2 ETH of JPEG (if investment limit is lower than 2 ETH buy that many ETH). Exit in ETH terms: Sell 25% of original position at a double. Sell 25% of original position at a 4x. Sell 25% of original position at a 10x. Sell all remaining of original position at a 20x.

Info: Introduction: https://medium.com/@jpegd/introducing-jpegd-defi-meets-nfts-77e28636c9ea Lending Mechanics: https://medium.com/@jpegd/the-lending-mechanics-f59da95eb894

Off-Chain Vote

For
9 WSC5.5%
Against
155 WSC94.5%
Abstain
0 WSC0%
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Timeline

May 12, 2022Proposal created
May 12, 2022Proposal vote started
May 26, 2022Proposal vote ended
Oct 26, 2023Proposal updated