Liquidity Incentive Program: On-Chain Vote Result
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.
Thank you all very much for your participation!