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Jungle DeFi

Jungle DeFi JFIPrice N/A

JFI Price

N/A

General Info

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# Inactive

Description

Jungle Finance is a liquid farming and staking solution for Solana-based assets

Jungle DeFi (JFI) Chart

Jungle DeFi price Index provides the latest JFI price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

ATH Market Cap

$ 3.29M

Max Supply

JFI 10,000,000

Total Supply

JFI 10,000,000

All Time High

$ 2.52

3 Apr 2022


All Time Low

$ 0.00442

19 Jun 2024

Trending Jungle DeFi Fiat Pairs

What is Jungle DeFi (JFI)?

Jungle Finance is a Defi primitive protocol built on the Solana blockchain, allowing users to create, buy, sell and redeem their staking or farm rewards instantaneously. SPL Tokens can be deposited into Jungle auto-compounding vaults in exchange for two separate tokens; one represents ownership of the staking or farm rewards generated over a set period of time and the other represents ownership of the base asset minus the rewards. 

The reward tokens (iTOKENS) may be bought or sold upfront, whether to speculate on yields increasing or decreasing or as a method of increasing capital efficiency by allowing immediate access to future yield. These tokens are essentially yielded futures on supported assets. Base asset tokens (jTOKENS) may be used to speculate on asset price, as collateral for loans or synthetic assets, and a great number of additional potential use-cases which we invite the Solana DeFi community to aid and compete with us in the building.

JFI tokens are the governance token for the Jungle Defi platform. Once governance has been implemented into the protocol as a feature, holders will be able to propose and vote on matters such as which vaults are added to the platform, duration of vaults, token emission rate (as attached to vaults), fee schedule, and treasury management. Initially, proposals and voting will be limited to the addition of new vaults. Any further proposals must be submitted publicly with complete code and an extended proposal time for community review before implementation. 

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