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Airdrop Update
The two airdrops to community members have been selected and finalized. The top 100 largest donators in our donation event each receive 0.01% of the total supply (for a total of 1% split equally). 100 randomly selected donators, excluding the top 100 also each receive 0.01% of the supply (for a total of 1% split equally).
These airdrops are vesting linear for 1 year with a 3 month cliff that began the end date of the donation event. Shortly we will create a claim page so recipients can claim their airdrops.
List of airdrop recipients are here and here.
Oracle Update
Chainlink has deployed the oracle for the Cryptopunks collection on Monday. This oracle is used for valuation purposes for floor punks on the JPEG’d protocol, necessary to calculate loan health and liquidation values. We are internally monitoring this oracle for 1–3 weeks from the date it was deployed, and will launch the Cryptopunk lending vault when this internal monitoring process is complete.
Protocol Launch
After our internal monitoring process is complete of the Chainlink oracle we will launch the Cryptopunk lending vault. We will simultaneously begin our liquidity mining program for the JPEG/ETH SushiSwap pool, as well as singled-sided JPEG staking. The NFT staking pool will also be deployed for owners of JPEG cards. As a reminder, all JPEG card NFTs can be staked to earn 1% of the total JPEG supply over a 1 month period. A UI for this staking site will be shared closer to program commencement.
Our governance forum on Snapshot will be created shortly, so holders of the JPEG token can participate in governance. We have a few special proposals in mind that are beneficial to the JPEG’d protocol and JPEG tokenholders. Stay tuned.
