Jones STIP.B Bi-Weekly Updates

Jones Bi-Weekly Update 07/01/2024

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 0 ARB

ARB Utilized as Incentives in the Last Two Weeks: 0 ARB

Contracts incentivized over the last 2 weeks:

Jones has not begun distributing ARB to any contracts.

Contract address label Form 49 completed for all addresses: Yes

ARB left over: 1,000,000 ARB

Plan for leftover ARB:

We plan to begin our STIP incentive campaign over the next two weeks. This campaign will include incentives for our jGM, jUSDC, and liquidity management strategies, as well as incentives for partner integrations that align with these strategies.

Summary of incentives:

New Tokenomics: 5% - 12.5% (target: 10% or 100,000 ARB)

For the jGM/jUSDC Ecosystem: 30% - 85% (target: 50% or 500,000 ARB)

For the jLP Ecosystem: 10% - 49% (target: 40% or 400,000 ARB)

Additional Info / Disclosures to Multisig: No additional information at this time

STATS

Average daily TVL:

jUSDC - $2,455,570 (30 day avg.)

jGM - 0 (not released)

Liquidity Strategies - 0 (not released)

New Tokenomics - 0 (not released)

Average daily transactions:

jUSDC - 16

jGM - 0 (not released)

Liquidity Strategies - 0 (not released)

New Tokenomics - 0 (not released)

Average daily volumes:

jUSDC - $8,110.37

jGM - 0 (not released)

Liquidity Strategies - 0 (not released)

New Tokenomics - 0 (not released)

Number of unique user addresses:

jUSDC - 1,155

jGM - 0 (not released)

Liquidity Strategies - 0 (not released)

New Tokenomics - 0 (not released)

Transaction fees:

jUSDC - 0.04597 ETH

jGM - 0 (not released)

Liquidity Strategies - 0 (not released)

New Tokenomics - 0 (not released)

Link to Dashboard showing metrics: https://dune.com/rebeca/jones-dao-stip-performance (Note** this dashboard will updated or replaced within 2 weeks)

Plan For the Next Two Weeks

Amount of ARB to be distributed: Amount TBD

Contracts that will be incentivized: 0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 49 completed for all addresses: Yes

Mechanism for distribution incentives:

Jones will be utilizing a Minichef reward distributor contract to deliver ARB to users.

Rewards are streamed linearly and can be claimed at any time.

If there are other mechanisms necessary to incentivize other incentive campaigns, we will include this information in future updates.

Summary of incentives plan:

New Tokenomics: 5% - 12.5% (target: 10%)

Jones will release a new token format with a gamified mechanism for locking and redeeming tokens, alongside the ability to participate in strategic token purchases derived from protocol revenue.

ARB rewards will be used to incentivise the conversion and locking of JONES tokens.

For the jGM/jUSDC Ecosystem: 30% - 85% (target: 50%)

ARB tokens for the jGM/jUSDC ecosystem are expected to be distributed in three parts. On one side to incentivise deposits and boost jUSDC APR, on another to bootstrap and boost jGM APR, and the last for partners who could offer integrations such as lending & borrowing markets on top of these strategies.

The split between jGM, jUSDC, and partners will be established on a week to week basis, since these strategies may receive yield boosts that will potentially be subject to other incentives placed on top by integrators.

For the jLP Ecosystem: 10% - 49% (target: 40%)

ARB tokens for the jLP ecosystem will be deployed directly to vault strategies, or to DEX partners as part of a greater campaign.

We will also attempt to coordinate with partners, to be able to spin up composable utility for the vault tokens right away. We plan to support of Uniswap and Camelot from day 1 (Camelot already publicly supported, Uniswap supported on our backend), and to open vaults specifically for blue chip pairs (ie: ARBETH, ETHUSDC) and other native arbitrum coins, with neutral(s), bull, and bear strategies available at launch.

Summary of changes to the original plan: There are no changes to report at this time.

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Jones Bi-Weekly Update 07/15/2024

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 333,334 ARB

ARB Utilized as Incentives in the Last Two Weeks: 0 ARB

Contracts incentivized over the last 2 weeks:

Jones has not begun distributing ARB to any contracts.

Contract address label Form 49 completed for all addresses: Yes

ARB left over: 1,000,000 ARB

Plan for leftover ARB:

We plan to begin our STIP incentive campaign over the next two weeks. This campaign will include incentives for our jGM, jUSDC, and Smart LP strategies, as well as incentives for partner integrations that align with these strategies.

Summary of incentives:

New Tokenomics: 5% - 12.5% (target: 10% or 100,000 ARB)

For the jGM/jUSDC Ecosystem: 30% - 85% (target: 50% or 500,000 ARB)

For the jLP Ecosystem: 10% - 49% (target: 40% or 400,000 ARB)

Additional Info / Disclosures to Multisig: No additional information at this time

STATS

Average daily TVL:

jUSDC - $2,455,570 (30 day avg.)

jGM - 0 (not released)

Liquidity Strategies - 0 (not incentivized in the past 14 days)

New Tokenomics - 0 (not released)

Average daily transactions:

jUSDC - 16

jGM - 0 (not released)

Liquidity Strategies - 0 (not incentivized in the past 14 days)

New Tokenomics - 0 (not released)

Average daily volumes:

jUSDC - $8,110.37

jGM - 0 (not released)

Liquidity Strategies - 0 (not incentivized in the past 14 days)

New Tokenomics - 0 (not released)

Number of unique user addresses:

jUSDC - 1,155

jGM - 0 (not released)

Liquidity Strategies - 0 (not incentivized in the past 14 days)

New Tokenomics - 0 (not released)

Transaction fees:

jUSDC - 0.04597 ETH

jGM - 0 (not released)

Liquidity Strategies - 0 (not incentivized in the past 14 days)

New Tokenomics - 0 (not released)

Link to Dashboard showing metrics: https://dune.com/rebeca/jones-dao-stip-performance (Note** this dashboard will updated or replaced within the next 2 weeks)

Plan For the Next Two Weeks

Amount of ARB to be distributed: Amount TBD

Contracts that will be incentivized: 0x0aEfaD19aA454bCc1B1Dd86e18A7d58D0a6FAC38

Contract address label Form 49 completed for all addresses: Yes

Mechanism for distribution incentives:

Jones will be utilizing a Minichef reward distributor contract to deliver ARB to users.

Rewards are streamed linearly and can be claimed at any time.

Jones will also utilize Angle’s Merkl in order to distribute ARB rewards to users of Jones Smart LP strategies. Rewards for Smart LP should go live in the next 2 weeks and will be reported in the upcoming bi-weekly update.

Summary of incentives plan:

New Tokenomics: 5% - 12.5% (target: 10%)

Jones will release a new token format with a gamified mechanism for locking and redeeming tokens, alongside the ability to participate in strategic token purchases derived from protocol revenue.

ARB rewards will be used to incentivise the conversion and locking of JONES tokens.

For the jGM/jUSDC Ecosystem: 30% - 85% (target: 50%)

ARB tokens for the jGM/jUSDC ecosystem are expected to be distributed in three parts. On one side to incentivise deposits and boost jUSDC APR, on another to bootstrap and boost jGM APR, and the last for partners who could offer integrations such as lending & borrowing markets on top of these strategies.

The split between jGM, jUSDC, and partners will be established on a week to week basis, since these strategies may receive yield boosts that will potentially be subject to other incentives placed on top by integrators.

For the jLP Ecosystem: 10% - 49% (target: 40%)

ARB tokens for the jLP ecosystem will be deployed directly to vault strategies, or to DEX partners as part of a greater campaign.

We will also attempt to coordinate with partners, to be able to spin up composable utility for the vault tokens right away. We plan to support of Uniswap and Camelot from day 1 (Camelot already publicly supported, Uniswap supported on our backend), and to open vaults specifically for blue chip pairs (ie: ARBETH, ETHUSDC) and other native arbitrum coins, with neutral(s), bull, and bear strategies available at launch.

Summary of changes to the original plan: There are no changes to report at this time.