Incentive Program Rewards: July 2020
And new better rules for participation
The first month of our Incentive Program for liquidity providers is officially over. It’s time to pay the rewards and look at the stats.
There are different ways to earn passive income in crypto and especially in DeFi. The difference with Jelly is that we are aiming to give a higher interest rate to our liquidity providers. Our LPs are earning 12,6% APY of the liquidity they’ve provided plus everyday profit from the spreads. For more info click here.
We’ve launched the program on the 22nd of June. So it is time now to pay the first rewards. All participants and users can visit regularly https://stats.jelly.market/ for life data on liquidity, providers and generated rewards. (Our bounty winners receive 1,5% interest)
Here are the rewards:
Josh’s Butler — $334.35;
wardog0608–$172.89;
Jelly_MAKER_S_206_01 —$169.51
That’s a passive income received for a month. Not bad at all, right?
New rule to make the program more efficient
Up until now, all participants were obliged to keep the liquidity available for the whole month in order to receive the reward. We are changing the game!
The minimum time you have to keep Butler up and running now is ONLY 24 hours. Thus, you can become a liquidity provider to our protocol for just a day or two, or a week, and receive the respective interest of 12,6% APY on top of the amount you’ve provided.
Don’t forget that you have to provide a minimum of $500 liquidity and a maximum of $50k.
The rewards will be paid on bi-weekly periods.
The funds for this incentive program are coming straight from our team’s budget. Jelly will support this 12,6% APY for each market maker as long as the total liquidity provided to the platform remains up to $200k. If this amount is being exceeded at some point in time, the % will be readjusted.
Stay tuned and consider joining the program in order to make your money work for you!
If you want to learn more about us:
Website: https://jelly.market/
Discord: https://discord.gg/3fCbp9U
Telegram: https://t.me/jellyswap
Twitter: https://twitter.com/jelly_swap
Facebook: https://www.facebook.com/groups/823260878071807/
