JPEG'd: JPEG will migrate to the new token JPGD
The NFT-supported loan protocol JPEG'd announced that it will migrate JPEG to the new token JPGD. JPGD inherits all functions of JPEG, with extended features including the ability to use JPGD as collateral for borrowing pETH. JPGD will also become the only token used for governance, upgrades and future utilities. In addition, a new liquidity pool, JPGD/ETH, will be introduced and injected with $1 million worth of POL. This pool will implement a 30-day liquidity mining plan with an annual interest rate target of 20%, providing JPGD rewards for liquidity providers. All previous POL liquidity will be withdrawn and the vault will migrate all its held JPEGs to JPGDs.
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