Flywheel
Last updated
Last updated
The flywheel starts as users create new tokens and compete to get out of the Jungle and get listed on DeJungle Exchange
(Traders who buy tokens in the Jungle get rewarded in based on % of total volume for that day)
Tokens that make it past the bonding curve get their liquidity seeded on DeJungle Exchange and can now receive bribes and emissions for traders, LPs, and veJUNGL voters.
(80% of emissions towards Jungle launched tokens are rewarded to volume while 20% is rewarded to LPs)
All platform fees go to veJUNGL holders
(1% on swaps in the Jungle/lower swap fees for pairs that are listed on DeJungle Exchange)
Demand for veJUNGL increases as fees and bribes grow
(Holding and voting with veJUNGL provides holders with 100% of fees and bribes on DeJungle)
Trading volumes increase as more tokens are launched and more participants fight for their share of rewards
(Our strategic partner Zulu Finance will be bribing blue chip pools that are paired with their overcollateralized stablecoin )
Value of rewards increase as users lock to capture rewards