$iJPEG
Co-own Blue-chip NFTs and get yield with them
Overview:
The JPEG Index is a tokenized representation of a curated collection of blue-chip NFTs. It offers users the opportunity to co-own these NFTs, regardless of their individual sizes. By holding the JPEG Index token, users gain exposure to blue-chip collections, potential value appreciation, ETH yield generated through the JPEG'd protocol, and the ability to participate in the governance of the index.
Composition:
The current JPEG Index is composed of one NFT from each of the following collections:
Cryptopunks #8671
Bored Ape Yacht Club #3634
Ringers #362
Fidenza #378
Squiggle #9185
Azuki #8310
Yield Generation:
To generate yield for $iJPEG stakers, the JPEG Index utilizes the JPEG'd protocol. Each NFT within the index is deposited into a non-liquidating vault. This vault allows the index to borrow assets, which are then deposited into The Citadel, a platform where they can earn yield.
Distribution
$iJPEG was airdropped 1:1 to donators of the iJPEG donation event following PIP-43.
Get $iJPEG here.
Stake $iJPEG here.
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