The On-Chain vote for the implementation of the Liquidity Incentive Program in Jet’s Fixed Debt Markets concluded yesterday.
The poll to implement the Liquidity Incentive Program concluded with a 76% majority and 1.34M JET tokens in favor of the proposal.
- The program will begin with the release of Jet’s Fixed-term Lending Markets on Solana Mainnet.
- The program includes a total of 137,700,946 JET tokens from the DAO treasury, with 67,050,473 JET each for providers acting as lenders and borrowers, and 3,600,000 JET for governance participants.
- The program will run for 4 years and distribute rewards in 30-day epochs for liquidity mining and a one-time retroactive airdrop for governance rewards.
- Retroactive governance rewards are based on a user’s vote weight in Asset Onboarding proposals prior to March 31, 2023, with rewards distributed on June 1, 2023.
If you would like to review the proposal, please follow this link: https://github.com/jet-lab/jdap/blob/820a7cac7fad8e81102b350e51d1583412845c65/text/0026-liquidity-incentives.md
Thank you all very much for your participation!
