Rank: 835
136 Watchlists
DeFi
JPEG Price
Contracts/Explorers:
Ethereum
Funds and Backers
No funds found yet
Wallets
No wallets found yet
JPEG'd is a project bridging the gap between DeFi and NFTs enabling Cryptopunk holders to open NFDPs using their punks as collateral
JPEG'd is a project bridging the gap between DeFi and NFTs enabling Cryptopunk holders to open NFDPs using their punks as collateral. Users will deposit their Cryptopunks into a smart contract and be able to mint a synthetic stablecoin, PUSd (pronounced: PUSS — dee) effectively giving them liquidity on their punks and able to earn yield in DeFi. This transforms cryptopunks from static investments, into yield-earning products. The protocol will be managed by a governance token, JPEG, that will oversee, administer, and change parameters to the protocol.
JPEG is a valueless governance token that has no economic value. It’s sole purpose is a utility token to govern the protocol. In exchange for swapping tokens to the DAO you will receive a valueless governance token with zero expectation of profit. Holders of JPEG can create or vote on governance proposals that shape and oversee the protocol. Such proposals may include, but are not limited to, changing debt limits on vaults, changing deposit, interest fees, insurance, or any other type of fees, approving increased credit limits for certain NFTs, etc.
JPEG'd's current price is $ 0.000426, it has dropped -0.34% over the past 24 hours.
JPEG'd's All Time High (ATH) of $ 0.00734 was reached on 5 Apr 2022, and is currently -94.2% down.
The current circulating supply of JPEG'd is 69.42 Billions tokens, and the maximum supply of JPEG'd is 69.42 Billions.
JPEG'd’s 24 hour trading volume is $ 26.56 Thousands.
JPEG'd's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 29.60 Million.
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