Butler Setup Bounty Campaign
Download, Install and Win
As you already know Butler is our automated market making desktop application. In other words, it is an automated market making software that is used for liquidity provision to JellySwap protocol.
A few words about Butler:
As JellySwap is a cross-chain exchange (it connects different blockchains and enables value transfer between them), by using Butler you can provide liquidity to the following trading pairs we support at the moment: BTC<>ETH, BTC<>ERC20 (DAI, USDC, WBTC), ETH<>AE, ETH<>BTC
⚠️ The most important things about Butler:
- The software allows EVERYONE to provide liquidity
- The liquidity provider determines and offers his/her own price
- Butler supports automatic order matching, withdraws, refunds, portfolio rebalancing, email, and Slack notifications.
- Butler eliminates the need to lock your funds. Instead, the funds are used directly from your wallet only on demand.
- The one thing you need to do is to set up your liquidity provider node (we will offer you help if needed)
Bounty Campaign
The campaign aims to demonstrate how easy it is to set up and start using Butler. It will also give you the chance to win some DAI and increase the interest rate you gonna be paid during our upcoming Incentive Program.
Rules:
1. Download, install and run Butler in the period 3rd — 17th of June
2. Fill in this short Google Form so that we can detect whether your Butler is running
3. Once you set up and start Butler, drop a line in our Discord / Telegram group with the name of your Butler
You can find a step-by-step guide on how to download and install Butler here.
*You are not obliged to run Butler during the whole period of this bounty.
Reward:
The first 50 people who fulfill the conditions above, will receive
- 10DAI
- a 0,5% increase of the interest rate they are going to receive if participating in our Incentive Market Making Program
Incentive Market making Program
This program will launch right after the bounty for all of you who want to become liquidity providers to Jelly.
Every market maker will receive 1% monthly interest (approx. 12.6% annual interest) of the total amount of liquidity he has provided to Jelly. The incentive will be paid at the end of each month as long as the assets have been kept available to Butler for the whole period. This percentage is additional to the profit he receives from the price spreads.
The first 50 participants in the Butler Setup Bounty Campaign will receive 1,5% interest rate.
*As Jelly team is the only entity that funds this incentive program, the 1%/1,5% monthly interest for each market maker will be paid until reaching $100k liquidity. If this amount is being exceeded at some point in time, the % will be readjusted.
For more information about Jelly:
Landing page: https://jelly.market/
App: https://app.jelly.market/swap
Whitepaper: https://jelly.market/documents/Jelly-Swap-Ecosystem.pdf
Github: https://github.com/jelly-swap
Twitter: https://twitter.com/jelly_swap
Telegram: https://t.me/jelly_swap
