Don't sleep on $JONES

BeinDeFi journal
1 min readFeb 11, 2022

Jonesdao Options is leveraging every aspect of the upcoming DeFi options paradigm to drive max value to $JONES & $DPX ecosystem on Arbitrum.

Jonesdao main product is option Vaults which can be likened as an option yield aggregator. They run a multitude of strategies across different platforms; currently on $DPX and $GMX.

Although the vault is currently a multiSig which is quite a compromise the team had to undertake to have first mover advantage.

The protocol will be also be introducing $veJONES a regular vote escrow whose design is inspired by $veCRV, Ribbonomics, and Badger Boost to share protocol revenue etc. Holders will be able to lock $JONES to receive $veJONES, granting them superpowers within the protocol. $veJONES holders will be incentivized to vote for the respective guage of the of Vaults in which they hold their assets.

The JONES token is designed for a variety of use cases which anchors around the shores of governance, fee accrual, liquidity incentives, and superpowers; veJONES.

Currently at $12/JONES with a TS of 10million, had a presale (private sale at $3 & public sale at $7) with a total presale allocation of 9.7million & 1.7million respectively.

Worthy to note that while the public sale was fully released at TGE, the private sale allocation are locked for 3months & vested over 6months. So unlock should commence after April by my calendar.

More info regarding the tokenomics can be found here

I'm holding some and will be excited to see how it plays out.

https://discord.gg/J4gUkjxfYh

https://dexscreener.com/arbitrum/0xe8ee01ae5959d3231506fcdef2d5f3e85987a39c

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BeinDeFi journal

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