JPEG'd DAO Important Timeline Updates
JPEG'd DAO Important Timeline Updates
💰 Last Call for JPGD Stakers
Key Dates for JPEG'd DAO Wind Down:
- February 8, 2025: All DAO-owned liquidity will be removed
- February 14, 2025: Final snapshot date for treasury disbursement
Critical Actions Required:
- JPGD tokens must be staked by Feb 14 to receive treasury assets
- Staking available at jpegd.io/claim
The DAO is concluding lending operations and preparing for treasury distribution to stakeholders. All holders should take immediate action to ensure participation in the final disbursement.
Reference: PIP-101 and PIP-100 provide full details on the wind-down process.
gm, 🚨JPGD Claim Page Live🚨 Per PIP-96: snapshot.box/#/s:jpeg%E2%80… JPEG'd DAO is winding down pUSD/pETH lending and uncustodying treasury. $JPGD *must* be staked in the claim contract by the Snapshot Date on 02/14/25 as specified in PIP-100: snapshot.box/#/s:jpeg%E2%80… Stake for
gm, There TWO new PIPs currently Live for Voting: PIP-101: Establish a time frame to remove all DAO owned liquidity. PIP-102: JPGD held in the DAO will not be staked to receive treasury assets. Expiry for both: January 19th, 7:15AM EST Read full text here: PIP-101:
🎗️Reminder #4🎗️ 2/8/25: All DAO owned liquidity will be removed. 2/14/25: Snapshot date for treasury disbursement. All JPGD must be staked by this day do receive a share of treasury assets. Stake your JPGD here: jpegd.io/claim PIPs for Reference: PIP-101:
⚠️Reminder #2⚠️ February 14th, 2025, is the deadline date for all JPGD holders to stake JPGD and receive their share of treasury assets. To participate, you must stake your JPGD before February 14, 2025. Stake your JPGD here: 👉👉👉jpegd.io/claim For reference
‼️Reminder #3‼️ JPGD is winding down lending and treasury operations. As of now lending has ended and the treasury is set to be dispersed to holders of JPGD. To receive a share of the treasury you must stake your JPGD by February 14th at the staking page of our website.
PUNK Auction Update - 6 Hours Remaining
A PUNK NFT auction is currently live on JPEG'd protocol with 6 hours remaining in the bidding period. The auction is taking place at [jpegd.io/auction/119](https://jpegd.io/auction/119). This represents a key opportunity for participants to acquire a PUNK through JPEG'd's decentralized lending protocol. - Current status: Active auction - Time remaining: 6 hours - Platform: JPEG'd protocol - Auction ID: 119
JPEG'd Protocol Implements 400% Interest Rate Increase
JPEG'd protocol has executed a significant interest rate adjustment as part of PIP 98: - Interest rates across **all JPEG vaults** increased to **400%** - Change effective as of February 25th, 2025 - Follows previous increase to 180% on January 30th - Protocol strongly urges immediate loan repayment This represents the latest step in JPEG'd's effort to encourage loan repayment and manage protocol risk. Users with outstanding loans should take immediate action to avoid increased costs.
Two New PIPs Live for Voting on JPEG'd DAO Liquidity and Staking
Two significant governance proposals are currently up for vote in the JPEG'd DAO, expiring January 19th, 7:15AM EST: - **PIP-101**: Proposes establishing a timeframe for removing all DAO-owned liquidity - **PIP-102**: Addresses JPGD holdings in the DAO, proposing they should not be staked for treasury assets These proposals follow the recent PIP-100, which set the snapshot date for the treasury uncustody process. *Community members should review and cast their votes before the deadline.*
CULT Token Distribution Update for Milady NFT Vault Users
**Key Updates:** - $CULT tokens have been successfully distributed to eligible borrowers using the Milady Maker JPEG'd vault - Distribution confirmed via Etherscan transaction - Project background: $CULT launched as collaboration between Charlotte Fang and Remilia Corp - Initial presale raised $20.53M at $0.027 per token - Token performance shows 73.7% increase since launch, trading at $0.071 **Context:** The distribution marks a significant milestone for JPEG'd protocol users who provided Milady NFTs as collateral. This development continues the integration of NFT assets with DeFi functionality.