Jelly is a protocol for giving token rewards run by the community. Fifty-five percent of the tokens are set aside for Rewards, which are incentives for Platform Testing, Marketing Growth, Liquidity, User Onboarding and Partner Incentives.
Over time, the Jelly DAO will play a key role in deciding the giving out of Rewards.
How Jelly Should Taste
Jelly’s premise is straightforward.
Delicious rewards are delectable. Your endeavor must be worth it, but it makes little sense to be excessively sweet and make early diners whales. It doesn’t help if they’re so sweet that they dilute.
Flexible rewards exist because they can alter with demand and project incentives. Indeed, wobbliness is crucial.
Sticky rewards are needed. A universe of anons needs stickiness. More intriguing incentive structures should reward actions over time. Time compounds stickiness.
Gains taste sweeter. Earned treats are better. Earned gifts have implicit significance. It might range from luck to win-win activities.
How Jelly Cooks
Before Jelly, the people on the Jelly team worked on a lot of different projects together. They spent a lot of 2021 building Claim Portals for NFT and Token airdrops and many Defi building the UI and contracts for the Staking and Farming programs.
More projects are now giving tokens to their communities as rewards, either through Airdrops or Staking and Farming programs, but the tools for projects haven’t quite kept up. The Jelly team can help with that.
They took their ideas to the Invention Room and made recipes based on the most popular pool shapes and patterns. Now, they have a set of contracts that can be templates and a structure that makes adding new types of reward models easier. They think it can help projects use popular patterns in token reward models without building everything from scratch, which can be challenging.
Each flavor blend develops for the Jelly Factory and your Jelly Claim Portal. Jelly powers the Claim Portal UI, where users claim project incentives.
The maximum supply cap of JELLY is one billion tokens.
JELLY is Jelly’s reward token.
Users who stake in a Jelly-powered pool receive an NFT. In the Defi/NFT ecosystem, staking NFTs can be traded, bought/sold, staked/unstaked, and incentives claimed.
Users receive veJELLY (vested escrow JELLY) when JELLY is locked in the Sticky pool. Governance’s vote token is veJELLY. Once the building of Jelly DAO is complete, veJELLY will happen with more voting data.
Allow your community to get a reward if they are on your pre-loaded whitelist. You can set multiple reward amounts for different addresses, and Merkle proof generation makes massive airdrops gas efficient. It is helpful for early community/retroactive airdrops, one-off incentives campaigns, and partner airdrops to existing lists (for example, the list of all the current CryptoPunk holder accounts).
This flavor helps encourage early users to hodl and for long-term project commitment. You may specify the token users’ stake and have rewards within staking settings—set rules for splitting prizes, such as declining awards and early participation.
Jelly can double user rewards to encourage farming. This flavor lets you build farming programs for your project’s pools to promote liquidity. You can set the token users to receive when they farm with your preferred LP token pair.