VRP tokens represent voting shares in Jax.Money governance. Volatility reserves pool (VRP) token holders can participate in governor election.GET VRP TOKENS
Enter preferred Governor’s key
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Collect 51% of the votes of VRP token holders.
Learn more: https://youtu.be/eDdVEpHEL0Q
VRP means Volatility Reserves Pool. It allows users to vote for a governor and receive yield. You can get VRP tokens by swapping them with WJXN.
VRP holders are at risk as they provide WJXN to refill collateral during times of under collateralization and they make a profit 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.