STAKE

Balance: MAX
Balance:
1  WJXN = 1  VRP

Disclaimer

Currency Name Address Add to wallet
WJXN Wrapped JXN
VRP VRP
Currency Name Address Add to wallet
WJXN Wrapped JXN 0x25F2EFE24d627FC3DDaf07F9A47310286f172f07
VRP VRP 0xB04357981b2Edb608723Fc105fEF0B6a7096de80
Currency Name Address Add to wallet
WJXN Wrapped JXN 0x25F2EFE24d627FC3DDaf07F9A47310286f172f07
VRP VRP 0xB04357981b2Edb608723Fc105fEF0B6a7096de80
Currency Name Address Add to wallet
WJXN Wrapped JXN 0x25F2EFE24d627FC3DDaf07F9A47310286f172f07
VRP VRP 0xB04357981b2Edb608723Fc105fEF0B6a7096de80

FAQ

The governor is elected by a simple majority (51%) of VRP token holder votes.


Learn more: https://youtu.be/eDdVEpHEL0Q

VRP means Volatility Reserves Pool. They are issued when you stake WJXN. VRP token holders are entitled to VRP yield. The VRP token holders also elect the governor of Jax.Money.

VRP holders are at risk as they provide WJXN to refill collateral during times of under collateralization and they are entitled to the surplus when there is overcollateralization.

The list of responsibilities goes as follow:


To set markup and transaction fees


To manage yield distribution


To whitelist currency pairs, bridges, and liquidity providers


To freeze deposits and withdrawals in the platform in the extreme case of an emergency shutdown

Yes, the governor also receives yield, which can’t be higher than 10% from the total amount of yield collected.

You can swap VRP back to WJXN anytime, provided the collateral provisions denominated in WJXN cover more than 100% of WJAX reserves. This collateralization ratio (currently 100%) can be modified by the governor.