In the grand tapestry of
#NFTFi
innovation, a new chapter unfolds.
Complementing our revolutionary CDP lending service, we're proud to launch JPEG'd P2P (Peer 2 Peer) Lending.
True to the crypto ethos, JPEG'd P2P is permissionless.
Read more:
A good project and strong team in a predictable and transparent roadmap, planned and projected. I think in the near future we will see an unprecedented growth of this project.
We, the JPEG'd team, based on confidential discussions, formally assert that upon successful return of the funds to the JPEG'd DAO multisig:
1. Legal action will not be taken against the operator of the address 0x6Ec21d1868743a44318c3C259a6d4953F9978538 and
A great synopsis of our upcoming launch, partnerships, and tokenomics.
The JPEG'd secret sauce is our invaluable advisors, including
@Tetranode
and
@dopex_io
, enabling only the DAO to conduct (gentle) liquidations, and our planned Curve pool which should yield 50-100% APY.
With
@Tetranode
shilling his bags on
@UpOnlyTV
, I took some time to dig deeper into some of his pet projects.
JPEG'd (
@JPEGd_69
) is up first
$JPEG
1/20
A good project and strong team in a predictable and transparent roadmap, planned and projected. I think in the near future we will see an unprecedented growth of this project.
a good project and strong team in a predictable and transparent roadmap, planned and projected, i think in the near future we will see an unprecedented growth of this project
We are proud to announce that we are integrating
@chainlink
and will use their trustless and resilient oracle network to power our lending protocol.
#YouJustWin
This may be the most valuable CryptoPunk because of its historical significance.
Tomorrrow the vault will launch with a $5m debt ceiling. EtherRocks, Apes, Azukis, Clone X, Doodles upcoming.
Our monitoring period of the Chainlink oracle for the Cryptopunk collection is near completion and has been very successful. We are still finalizing the audit competition with
@code4rena
but anticipate the Cryptopunk lending vault is still on track for April launch.
The DAO has added an additional $3m in liquidity. The JPEG/ETH pool now has $10m in liquidity less than 16 hours after launch.
Liquidity mining program coming soon.
Lending is live the CryptoPunk vault has $5m debt ceiling that will be increased to $10m next week.
Apes, Azukis, EtherRocks, Clone X, Doodles upcoming.
50 Punks have been deposited as collateral and obtained a line of credit in less than 12 hours after launch.
...What are you waiting for?
@hentaiavenger66
9 Punks were liquidated last night, 8 are owned by the DAO. 1 Punk had insurance enabled and the owner has 72 hours to repay his debt to reclaim the NFT.
There was an attack on the pETH-ETH curve pool.
The vault contracts allowing to borrow against NFTs are safe and still running solidly. NFTs and the treasury funds are safe. We’ll keep everyone updated as soon as we know better what is happening.
We’ve been looking into the
The first NFT Auction starts in approx. 6 hours at 4am UTC, and will last for 24 hours. To bid you must stake either 1 JPEG Card or 5m JPEG.
Punk
#7258
will be the first auction. Starting price is 0.69 eth with no reserve.
All JPEG Cards have been minted! Thank you to all our extremely autistic community members who passed the inspection.
Reveal in approximately 20 minutes.
A vote is on
@CurveFinance
to create a gauge for the newly launched JPEG/ETH v2 Curve Factory pool.
If approved this would enable voting for potential $CRV rewards on this pool.
You asked,
@Elonmusk
asked,
@tetranode
asked — devs delivered.
@miladymaker
owners can now open a loan on JPEG’d for fixed interest rates at 2% ($PUSd) and 5% ($pETH).
JPEG'd DAO is launching a $500k $CVX bond program for 28 days with administration from
@Bond_Protocol
. Bonds are the most cost effective way to acquire $JPEG tokens with no slippage and even at a discount.
$JPEG is vested for 7 days for each bond purchased.
Confused on the NFT Lending space?
We got you covered. Here's a comparison of the leading NFT Lending platforms.
JPEG'd offers the highest yield and lowest interest rate in the space.
A number of stablepools (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentrancy lock. We are assessing the situation and will update the community as things develop.
Other pools are safe.
Rewards for JPEG Cards NFT staking begins in 24 hours (block 14560000). As a reminder, all JPEG Cards regardless of attributes can stake to receive 1% of the total $JPEG supply streaming for 1 month (ending block 14757800).
Claims are enabled and the event is finalized. We have also added liquidity on Sushiswap. We want to thank everyone who participated.
Sushiswap LP token contract: 0xdB06a76733528761Eda47d356647297bC35a98BD
The JPEG'd DAO confirms receipt of 5,494.4 WETH back to the JPEG'd Multisig for a total of 5,495.4 WETH. A 10% white-hat bounty of 610.6 WETH was awarded to the owner of the address that recovered funds from the pETH exploit.
PIP-10: Authorize JPEG'd DAO To Purchase NFTs will commence voting in approximately 4 hours.
This will enable the DAO to potentially purchase NFTs that have been liquidated from other lending protocols.
Read more details and vote here.
gm.
PIP-09: Launch Punk Trait Multiplier was approved by the DAO and is scheduled to be implemented to the UI this week. Read below to learn how it works.
What if you could send the DAO an interest bearing asset in exchange for minting a rare one-of-a-kind NFT from a top artist? This NFT would also be fast tracked towards it own vault that you can use as collateral.
$JPEG has ~$10.8m liquidity on-chain between SushiSwap, Uniswap, and Curve.
The easiest way to access all liquidity sources is through an aggregator like
@1inch
or
@paraswap
.
Following recent PIPs, the
@AzukiOfficial
and
@pudgypenguins
vaults are now open for deposits and borrows on
@JPEGd_69
.
Enjoy only 2% borrow rate on PUSd and 5% on pETH, while sleeping soundly, knowing that the floor of your NFT is powered by
@chainlink
oracles.
Following PIP-08, the
@doodles
JPEG'd vault is open for deposits.
The JPEG vaults lets you earn yield on your NFTs by borrowing PUSd and placing it in the PUSd-3CRV auto-compounder vault.
1/ Our Q1 2023 report is live!
Learn about how we expanded our product offering and saw significant growth in protocol metrics throughout the last quarter.
Weenis 🚬
As a reminder *all* JPEG Cards can be staked to earn 1% of the supply over a 1 month period. A subset of these cards will have additional utility on the JPEG'd protocol.
Here are some of our favorites.
PIP-09: Launch Punk Trait Multiplier is open for voting in 4 hours.
This proposal would apply multipliers to certain punk attributes increasing their value for borrowing on the JPEG'd platform.
You can read more details and vote here.
1/ Following a community proposal, $iJPEG is now liquid and available to trade.
$iJPEG is the first NFT index token representing a share of curated collections, enabling users to co-own blue-chip NFTs regardless of their size.
🧵