Jelly Token ($JELLY): First distribution and long-term rewards
TLDR:
- Non-Transferable Reward Token: $JELLY is exclusively distributed to active users and contributors. It cannot be traded on secondary markets.
- Initial Conversion at TGE: For all $JELLY earned pre-TGE, a 1:1 conversion of $JELLY to $DUSA will occur at the TGE.
- Dual Reward Phase:
Pre-TGE Rewards: Incentives for Liquidity Providers (LPs) and weekly activity-based distributions.
Post-TGE Rewards: Bi-annual Duser Distribution in $JELLY.
- $JELLY Allocation:
1.5% of the $DUSA supply for point-to-$JELLY conversion on December 23, 2024, at 6:00 PM.
0.5% for weekly activity-based distributions in January and February 2025.
0.35% for additional LP incentives.
17% of the total supply of $DUSA is directly allocated to the Duser distribution
What is the $JELLY Token?
The Jelly Token ($JELLY) is a reward token designed to incentivize user activity and liquidity provision in the Dusa ecosystem. Non-transferable by nature, $JELLY ensures that only genuine contributors benefit from its allocation, promoting fairness and sustained engagement.
Jelly token
$JELLY Distribution Pre-TGE
1. Conversion of Points to $JELLY
Starting December 23, 2024, at 6:00 PM, users’ accumulated points through protocol activity will be converted into $JELLY. This initial allocation uses 1.5% of the total $DUSA supply, ensuring that early adopters are rewarded for their contributions.
2. Weekly Activity-Based Rewards
Throughout January and February 2025, an additional 0.50% of the $DUSA supply will be distributed weekly as $JELLY to users. These rewards are calculated directly based on the weekly activity of each Duser compared to the overall activity on Dusa.
3. Boosted LP Incentives
A further 0.35% of the $DUSA supply is allocated to provide additional incentives for Liquidity Providers, enhancing their APR before the TGE.
Post-TGE: $JELLY Rewards and Duser Distribution
Bi-Annual Duser Distribution
After the TGE, $JELLY transitions into a bi-annual reward system known as the Duser Distribution (17% of Dusa supply allocated). Over the next five years, $JELLY will be distributed every six months to active users based on their participation (e.g., trading volume, liquidity provision). This approach ensures fairness and inclusivity, allowing early adopters and new participants to benefit actively.
Boosts for Early Users
To further incentivize early adopters, activity-based $JELLY boosts will be distributed based on:
- Activity Levels: Early trading and liquidity provision.
- Holding $MAS or $DUSA: Loyalty to the ecosystem.
- Protocol Tenure: Long-term engagement.
$JELLY-to-$DUSA Redemption
Twice a year, $JELLY holders can redeem their tokens for $DUSA. This structured conversion directly links user activity to governance participation.
$JELLY Allocation Summary
The $JELLY token draws from the overall $DUSA supply for its reward mechanisms:
- 1.5%: Pre-TGE point conversion into $JELLY.
- 0.5%: Weekly activity-based distributions in January and February 2025.
- 0.35%: Additional pre-TGE LP incentives.
- Bi-Annual Duser Distribution: A long-term allocation of 1.5% of $DUSA supply every six months post-TGE.
Conclusion
The $JELLY token is central to Dusa’s reward system, offering a balanced approach to incentivize both early adopters and new users. By combining pre-TGE liquidity and activity-based rewards with long-term distributions over five years, $JELLY fosters sustained engagement and inclusivity in the protocol.
To learn more about Dusa’s broader tokenomics and governance you can check out the first draft giving the ambition behind Dusa token & Governance
