The $JELLY is set.
$JELLY is now tradable on Sushiswap. The Jelly Farm Pools are now open. The Jelly Airdrip claim is now open!
Official Links
$JELLY on Sushiswap
Add Liquidity for JELLY/USDC on Sushiswap
Jelly App for Airdrop and Farm UI
$JELLY token contract
https://etherscan.io/token/0xf5f06ffa53ad7f5914f493f16e57b56c8dd2ea80
Royal Pool Staking NFTs on Opensea
https://opensea.io/collection/royal-jelly-pool
Sweet Pool Staking NFTs on Opensea
https://opensea.io/collection/sweet-jelly-pool
The Jelly is now set and ready to taste!
Trading on Sushiswap
The $JELLY token is now tradable on Sushiswap.
We started with initial price at $0.01 and a base liquidity of $244k, with Initial Liquidity from the Founding Team plus proceeds from the Staking NFT Auctions.
Jelly Farm is open
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.
Farm by Adding Liquidity
To Farm:
- Add liquidity to the JELLY/USDC pool. This will provide you with Sushiswap Liquidity Pool tokens (SLPs).
- Goto the Jelly App Farm UI at https://app.jelly.io/ and the SLPs for the JELLY/USDC pool should show up on the balance.
- Stake the SLPs in either the Sweet or Royal Pool (if you are on the Royal Jelly whitelist). Note that you will need to approve tokens and then stake.
When you stake in our farms, you mint a Staking NFT:
- Once you have staked SLPs in one of the Jelly Farms, a Staking NFT representing your staked SLPs and Claimable rewards is minted.
- It is tradable on Opensea, links are on the Jelly Pool UI. When you sell an NFT on Opensea, the staked SLPs and rewards are transferred with it.
- When you unstake, the Staking NFT is burned and any rewards claimed.
Farm via Staking NFTs
Since the Staking NFTs represent Staked JELLY/USDC SLP, in the Royal Pool or the Sweet Pool. When the NFT is bought or sold, the value of the staked position is transferred to the new owner.
This means the NFT can be traded freely on the secondary market like any other NFT, or transfer it to a vault to keep your staked LPs safe.
Since rewards are calculated at the token level, not the account, any wallet holding this NFT can connect to the Farm UI, Claim the rewards and Unstake the LP tokens. Wallets can hold multiple NFTs from the same pool and these display on the Jelly protocol UI as a cumulative staked balance of SLPs. When you unstake, the Staking NFT burnt if there is no SLPs remaining.
WARNING: Staking NFTs are a new type of Defi NFT and work a bit different to a regular NFT. When trading Staking NFTs, Opensea doesn’t update data real time. The description on the NFT in Opensea has details of what checks we recommend to do before you trade. Click the Refresh Metadata button on Opensea to get the latest update.
Airdrip Claim
The $JELLY Airdrop Claim is now LIVE for eligible Royal Jellies. Jelly is a community driven protocol for token rewards and rewards have been used as incentives for Platform Testing, Marketing Growth and Community management for many months before the token was tradable.
Airdrop allocations have been updated to reflect the contribution to Jelly since the last Airdrop update. This includes the Twitter Initiative we had running with the Royal Jelly Family, the Testnet Simulation Competition winners, the insights and feedback from the Taste Testers and the great work of the Pep Squad helping to manage our Rewards Community.
Airdrip
This is a special kind of Airdrop, called an Airdrip. Approx 20% of the tokens are available to claim on Day 1, and the remainder are dripped over time until the Claim in Full date. We chose to create the dripping feature for the Airdrop to better align the Token Price and Liquidity Pool in the early days.
It’s Proactive, not Retroactive
Each month we have allocated rewards with our updatable airdrop, how long you’ve been working with us plays a big role. Also, rewards are not evenly distributed, they are earned based on the quality and level of contribution, rewards are not wasted. For example, if you have been working with us since the start of the year and contributed to a lot of Taste Testing Surveys and been active in the Pep Squad, you would have accumulated more rewards every month. In contrast, if you just joined or have participated in one or two activities, your rewards might not be much.
To Claim or to Fancy Claim
You can connect like normal with your eligible wallet OR connect with a not-so-important wallet and use Fancy Claim instead.
“Fancy claim is a cool feature invented for the security freaks who have hesitation connecting wallets to ‘new’ websites in the fear that they may loose their wallet. The fancy claim feature does not even require connecting our airdrop wallet to the site. How coool is thatt!?!?!?” — Quote from a Taste Tester
Time to Enjoy!
This is an exciting and eagerly anticipated moment for everyone in the Jelly Community. The Jelly token has been with us on mainnet now for nearly 6 months patiently waiting in cold storage. In that time, we have built the JellyFactory, our first recipes starting with Airdrops, drips, fancy lists, and then our farm with Staking NFTs.
Now that we have called setJelly() it’s time for Jelly to shine!
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
