Pre-sale Staking NFT Auctions start Wednesday 27th April at 02:00 UTC
Official Links
Royal Pool on Opensea
Sweet Pool on Opensea
Jelly Farm
If you already know what to do, Bon Appétit! Otherwise, read on to find out more.
Pre-Sale NFT Auctions
The Staking NFT auctions are open to the public at a pre-sale JELLY token price. The pre-sale price of $JELLY is $0.01 as set by the initial liquidity added for the SLPs in the auction.
Each of the 80 NFTs hold the same amount of JELLY and USDC in the pair, there is 50,000 JELLY and $500 USDC in each SLP. This equates to an amount of 0.0050 SLP in each NFT.
Each Staking NFT is on a declining price auction, over a staggered time period. For NFTs with lower Token IDs, the auctions end later and therefore the price declines slower.
Staking NFT features
Each of the 80 NFTs being auctioned represents a staked JELLY/USDC SLP position. In addition to representing the SLP, each Staking NFT has the following Defi features:
- It reserves your spot in the Pool before the Jelly Farm opens to the public
- Each Staking NFT was minted when the SLPs were staked in the Jelly Farm and started earning $JELLY rewards when the SLP was staked
- Until $JELLY is set and tradable, these 80 NFTs are the only SLPs staked in the pools
- The Jelly Farm pools are on a decaying rewards model, with more rewards being distributed to early stakers
And some NFT features:
- The Royal and Sweet Jelly artwork has been created by the Official OG Jelly Artist, Schwarzenborg Design Studio
- All 80 of the NFTs in this auction are First Edition. Any Staking NFTs minted afterwards when the Farm opens are Open Editions.
How a Staking NFT works
Staking NFTs can be traded freely on the secondary market like any other NFT. You can also transfer the NFT to a vault to keep your staked LPs safe.
WARNING: When you sell this NFT, you are selling your staked position in the Jelly Farm which includes your JELLY/USDC SLPs and Claimable Rewards.
When your wallet holds a Staking NFT, you can go to the Jelly Farm and see your staked balanced and Claimable Rewards. A wallet holding one of these Staking NFTs gets access to Claim the rewards and Unstake the LP tokens once the $JELLY token is set and tradable, that’s when the farm opens. Until then, it is earning rewards. If you buy a Staking NFT in the Auction, you can check it in the Jelly Farm UI like so:
A wallet can hold multiple NFTs from the same pool and these display on the Jelly protocol UI as a cumulative staked balance of LPs.
Sweet Pool
The Sweet Jelly Farm is an open farm. To welcome new comers to our Jelly community, all Sweet Jelly farmers who have more than 100,000 JELLY Available to Claim after 1 Month are eligible to be knighted into the Royal Jelly role. The Royal Jelly role gives you access to participate in our future whitelists and contributor opportunities.
Royal Pool
The Royal Jelly Pool is a whitelisted farm with exclusive 2X Bonus rewards for our Royal Jelly family. The Royal Jellies are our early contributors who provided feedback on our products, and helped us build and grow our protocol before we launched to the public.
Staking NFTs that have been minted using the whitelisted Royal Jelly Pool can be traded like any other NFT. Any wallet holding the Royal Pool NFT gets access to Claim the 2X Rewards and Unstake the LP tokens without needing to be on the Royal Whitelist. But, only the whitelisted Royal Jellies can stake LPs in the Royal Pool and mint new Royal Staking NFTs.
When does the Jelly Farm Open?
Once the Auctioned NFTs are sold, the Jelly Dev team will start preparing the next stage of the launch which includes:
- Adding more liquidity for the JELLY/USDC pool (proceeds from the auction will be split between Treasury and Initial Liquidity and matched with $JELLY)
- Calling the setJelly() function and making all $JELLY tradable on Sushiswap DEX
- Opening the $JELLY Airdrip Claim (the Airdrip is like an Airdrop but vested and drips over time)
- Opening the Jelly Farm pools then people can Claim, Stake and Unstake
Keep updated
Make sure to join the Discord server, this is where we provide updates and you can ask questions.
Join us on discord: https://discord.com/invite/MGqDkxjpM3
Follow us on twitter: https://twitter.com/jellyprotocol
Visit us at: https://www.jelly.io
