$JACK Token

$JACK is the native token of the Stable Jack protocol. Users can buy it on the open market or can buy it at a discount via the Discount Tickets.

To access benefits, users need to stake $JACK and receive $sJACK.

What are the utilities of the $JACK token? Revenue Sharing

• As the protocol matures and grows, Stable Jack will allow revenue sharing for $sJACK holders.

Fee Rebate

• $sJACK holders are going to be eligible for fee rebates while minting/redeeming the VT/YT. This will depend on how much $sJACK they hold.

Governance

• $sJACK holders will be eligible to vote on the decisions of the Community Collective, which is the branch of our protocol that deals with community activities, marketing, and campaigns.

Discount for JACK

• Assuming other requirements for Option Liquidity Mining Rewards are met, $sJACK holders will be eligible to buy $JACK tokens with an additional discount.

• The discount for the $sJACK holders will based on the amount and the time period they stake.