⚡JPEG'd Boosts
Get more value from your NFT and secure more headroom from unexpected market movements
JPEG'd makes extensive use of boost mechanisms to unlock extra features. These boost mechanisms include:
Up to 10% extra LTV per position via the LTV Boost
10% extra LTV and Credit Limit across ALL positions with the Cigarette Boost
Higher Credit limit for rarer traits via Traits Boost, giving them a valuation above floor
The Max Boosted LTV is capped at 10% above the Base LTV for each collection, meaning the LTV Boost and Cigarette Boost cannot be combined to go above this threshold. Meanwhile, the Traits Boost for unique NFTs can still be utilized to unlock a higher credit limit/collateral value.
Boosts are created from the Dashboard/Borrows tab by selecting a position and boosting it. Access your boost tab here.
The Boosts tab shows you all active boosts and lets you either update them or request a boost unlock.
Boost FAQs
Do locked $JPGD tokens for the LTV boost get withdrawn when a position is closed?
No, the locked $JPGD tokens for the LTV boost will remain locked until the user requests a withdrawal, which can be cancelled any time during the 7-day processing period. This effectively keeps the boost active for any future user opening a position with the same NFT on JPEG'd.
What happens if I sell my NFT with an active LTV boost to another user, that also comes to $JPGD?
When a user locks JPGD tokens to get a boost, those tokens remain theirs. If they transfer the NFT, the boost stays active for whoever owns the NFT next. Only the boost owner can disable a boost.
Do boosts expire?
No, LTV Boosts and Traits Boost will remain active until users request a withdrawal of their locked $JPGD Tokens and completes the 7-day processing period. Cigarette Boosts will remain active until users unstake the card.
What happens if I disable my LTV Boost or Cigarette Boost and my position is above the Base LTV?
As long as the position's LTV remains below the Base Liquidation Threshold, it will not be liquidated. Disabling the a Boost without adjusting the positions debt might lead to liquidation.
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