Jigstack Is DeFi’s Missing Puzzle Piece

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Jigstack

7 min readFeb 17, 2021

Advancing the DeFi ecosystem to the next level requires standardized quality assurances and a decentralized approach. Jigstack embodies this vision perfectly, thanks to its DAO governance and multiple revenue-generating solutions compatible with all Ethereum wallets.

DeFi Is A Fractured Landscape

Anyone with a basic understanding of the current DeFi ecosystem will know there is anything but unity or standardization to speak of. Despite being home to hundreds, if not thousands of projects, currencies, tokens, and assets, there is no uniformity to speak of. While that may appeal to existing cryptocurrency users, it creates several major roadblocks for those looking to become part of this industry.

Ethereum and other blockchains lend themselves well to building new concepts through blockchain technology and smart contracts. Despite providing access to these innovative technologies, individual projects and assets have no direct communication line to one another. The necessary infrastructure to create a non-fragmented system remains difficult to come by. The end result is a mess of DApps ranging from terrible quality to excellent design and an evident dilution of value pools.

Empowering the user through financial means is one of the crucial pillars of DeFi, yet this vision’s execution leaves much to be desired. The first generation of Defi protocols is available to the public, yet no one should overlook the flaws.

Due to greed, inefficiency, or incompetence, there are very few projects worth investing in. Every team or individual developer intends to make money quickly while hoping the project and its code don’t fall apart. This is not a good approach to empower individuals through financial means. Users need to be the winners of DeFi, not the ones who put together the smart contracts.

Jigstack Offers Crucial Puzzle Pieces

One way of revamping an industry that is almost broken beyond repair is by looking at things from a distance. More specifically, the DeFi ecosystem is a puzzle that seems to be missing a few pieces. Starting at the corners is fine and dandy, but nothing can connect to create a clear image if one can’t complete the middle.

Jigstack offers those middle pieces that make the DeFi puzzle complete. Thanks to these individual solutions’ intricate design and the overarching Jigstack DAO governance model, everyone will benefit from this industry. Achieving financial empowerment requires out-of-the-box solutions.

Rewriting The Basic Rules

The first topic on the agenda is to get rid of the current rules and rewrite them altogether. Jigstack deploys a censorship-resistance system without single points of failure. Promoting concepts such as fairness, transparency, and economic effectiveness need to become an industry-wide standard rather than an exception.

None of these concepts apply unless there is a solid foundation to build on. Jigstack has this covered through their Jigstack DAO, which isn’t just fully decentralized but also empowers the individual users equally. A bottom-up approach often works far better than top-down structures. This latter structure is the reason why the current financial system is such a mess. Putting power and money over customers and users can only work for so long.

A Conglomerate DAO Structure

What makes the Jigstack DAO different from other projects in DeFi is how it is a conglomerate structure spanning multiple commercial tools. The DAO and its users govern every individual protocol launched under this umbrella, each of which can generate revenue.

All of the protocols under the Jigstack DAO follow this simple mantra:

It needs to be easier
It needs to be faster,
It needs to be secure,
it needs to be trusted
and it needs to be cheaper.

Checking all of those boxes is a lot easier when focusing on the aspects that matter. The core pillars of focus include:

Quality Standardisation: Any dApp deployed under the Jigstack DAO umbrella will adhere to a high and uniform quality standard.
Brand Confidence: All network dApps and products built under the Jigstack brand will benefit from market-wide trust and confidence.
Reduced Risk: Diversification reduces investment risk for token holders. In this format, any single subsidiary product performing below expectations can be counterbalanced by other platforms under the Jigstack DAO.
Collective Power: The $STAK token governs the distribution of revenue from all dApps developed under the Jigstack DAO umbrella
Multiple Revenue Streams: All network products can feed off each other’s capital and userbase to create an interwoven and robust mutually-dependable sub-economy.

The Tools To Make A Difference

Under the Jigstack DAO, multiple DeFi protocols are capable of empowering users and putting the “decentralized” in “decentralized finance.”

Ethlink

The first solution to note is Ethlink, a decentralized affiliate and marketing tool compatible with all Ethereum wallets on the market.

For projects, Ethlink provides amplification of sales volumes by a factor of 10 or more because it taps into the global Ethereum network. All of this is available at no extra cost, allowing them to turn effort into direct revenue and focus on what is essential.

For users, it is the necessary infrastructure to empower oneself and achieve fair rewards by promoting companies or protocols. Everyone who helps introduce new members to these platforms and projects will have a referral commission paid directly to their wallet.

Removing the centralized entities and intermediaries from the equation will result in broader promotion and less “shilling” in the cryptocurrency industry.

Lemonade

The Lemonade solution allows for decentralized token crowdsales without requiring any technical knowledge. Anyone can create a token sale campaign within minutes by navigating the web portal. Thanks to the various customization options, every crowdsale can be as straightforward or complex as you like.

The transparent nature of Lemonade makes it easy for investors to obtain reliable and real-time information regarding the token sale progress and its necessary information. It is also an excellent way to prevent any data and price manipulation. Contributors and investors interface directly with the fundraising smart contract

Lemonade is operable with any Ethereum wallet, both software and hardware-based solutions. Whether you use MetaMask, the Ledger Nano S/X, or any other solution, they will be fully compatible with Lemonade.

The $STAK token

Every transaction on the network or through Jigstack Umbrella protocols is subject to a 1% fee. Since all DAO Jigstack protocols will generate revenue, $ STAK holders will earn 80% of the revenue generated from the 1% commission. The remaining 20% of all fees is used to buy back the $ STAK token from the secondary market and burn it, thus reducing their circulating supply.

With a total supply of 3 billion $STAK, there is ample price potential.

The $STAK is also the governance token for the Jigstack DAO, giving the community full control of this project and its future.

Spanning Multiple Blockchains

The “base structure” of Jigstack has been built on the Ethereum blockchain, as it is the most significant “contributor” to the DeFi space today. However, all of these solutions and their potential go much further than just this specific blockchain. Jigstack wants to offer tools and solutions to the broader decentralized finance industry, allowing the team to develop their solutions to suit many different technology stacks.

One example of this approach is the collaboration with the Hedera ecosystem. The Lemonade protocol under the Jigstack DAO umbrella will exist on both Ethereum and Hedera simultaneously. In doing so, Lemonade becomes one of token launchpad for all future Hedera projects issuing a new currency. As that blockchain is getting a lot of attention, it can bring in substantial revenue to $STAK holders over the years to come.

Serving as a blockchain-agnostic project willing to advance the DeFi ecosystem, Jigstack has a solid market position that will bring the decentralized aspect to DeFi and lower the barriers to mainstream adoption even further.

Why You Need To Own $STAK

We want to highlight our native $STAK token. Holders of this asset have authority over the network and can partake in community governance through the Jigstack DAO.

Jigstack provides value to DeFi and tokenization enthusiasts through uniformity, quality assurance, and user empowerment. By embracing the Decentralized Autonomous Organization model, the team creates an umbrella that encompasses multiple projects generating a revenue stream, including DeFi token launchpad Lemonade and a decentralized marketing and affiliate solution called Ethlink.

All activity taking place on the network will offer rewards to $STAK holders, including transactions, campaigns, et cetera. Our token has an unprecedented potential dividend residual. The network will take, of all the native tokens of the protocols born under the Jigstack umbrella, a 1% cut, redistributed. If $ 100 million is raised through Jigstak Umbrella for a token sale, a total of $ 1 million of that capital is distributed to all $ STAK token holders.

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