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Jelly Token ($JELLY)

TLDR​

  • Non-Transferable Reward Token: $JELLY is exclusively distributed to active users and early contributors. It cannot be traded on secondary markets.
  • Initial 1:1 Conversion at TGE: All $JELLY earned pre-TGE will be converted to $DUSA at a 1:1 ratio.
  • Dual Reward System:
    1. Pre-TGE Rewards: Incentives for Liquidity Providers (LPs) and weekly activity-based distributions.
    2. Post-TGE Rewards: Bi-annual Duser Distribution in $JELLY over five years (with 17% of $DUSA supply reserved).
  • Pre-TGE $JELLY Allocation (Total 2.35%):
    • 1.5%: For point-to-$JELLY conversion on December 23, 2024, at 6:00 PM.
    • 0.5%: For weekly activity-based distributions in January and February 2025.
    • 0.35%: Additional incentives for Liquidity Providers before TGE.
  • 17% Post-TGE Allocation: Over five years, 17% of the total $DUSA supply will be distributed as $JELLY through the bi-annual Duser Distribution.
  • Sustained Engagement: Long-term contributors and repeat participants gain more $JELLY, ensuring fairness and protocol growth.

What is the Jelly Token?​

The Jelly Token, commonly referred to as $JELLY, is a non-transferable reward token designed to align user incentives with the success and longevity of the Dusa Protocol. While $DUSA is the primary governance token, $JELLY rewards Liquidity Providers (LPs) and active protocol users. Its non-transferability ensures only genuine participants—those who provide liquidity, trade, or otherwise contribute—benefit from its distribution. By offering structured redemption and a mix of pre- and post-TGE rewards, $JELLY encourages both immediate engagement and long-term commitment.

The $JELLY Rewards System​

The $JELLY rewards system balances short-term activity with long-term governance.

  • Before the Token Generation Event (TGE): $JELLY primarily boosts Liquidity Providers’ APR and serves as an additional incentive when $DUSA incentives are not yet active.
  • After the TGE: $JELLY transitions into a bi-annual reward model (the Duser Distribution), distributing tokens over a five-year period.

This two-pronged strategy ensures that early supporters are recognized while also welcoming future participants. LPs initially receive $JELLY in place of or in addition to other token incentives, and later, any address that engages with the Dusa Protocol (e.g., trading, liquidity provision) has the opportunity to accumulate $JELLY every six months. This recurring cycle of rewards ensures that both legacy and new contributions are acknowledged.

How to Earn $JELLY​

Pre-TGE (Liquidity Provision & Points)

  • December 23, 2024, at 6:00 PM: All accumulated points from protocol activities will convert into $JELLY. This allocation uses 1.5% of the total $DUSA supply.
  • Weekly Activity in January & February 2025: An additional 0.5% of the $DUSA supply will be distributed as $JELLY rewards, calculated weekly based on each user’s share of protocol activity.
  • Boosted LP Incentives: A further 0.35% of the total $DUSA supply is allocated to incentivize liquidity provision, enhancing APR for early Liquidity Providers.

Post-TGE (Bi-Annual Duser Distribution)
After the TGE, $JELLY becomes part of a recurring six-month reward mechanism known as the Duser Distribution, backed by 17% of the total $DUSA supply. Every six months for five years, active users—those trading, providing liquidity, or otherwise participating—earn additional $JELLY. This ensures that both new and long-standing users can benefit from continued engagement.

Distribution and Supply​

The $JELLY token distribution is carefully structured around two key phases:

Pre-TGE Allocations (2.35% of $DUSA)

  • 1.5%: For converting users’ accumulated points into $JELLY on December 23, 2024, at 6:00 PM.
  • 0.5%: For weekly activity-based $JELLY distributions in January and February 2025.
  • 0.35%: Dedicated to additional LP incentives before the TGE.

Post-TGE Duser Distribution (17% of $DUSA)
After the TGE, $JELLY is distributed bi-annually over five years (the Duser Distribution). A total of 17% of the $DUSA supply is reserved for this long-term reward model, ensuring that both early adopters and new participants have ample opportunity to earn $JELLY and, subsequently, convert it to $DUSA.

The $JELLY Dynamic​

An essential feature of $JELLY is its redemption into $DUSA:

Pre-TGE Conversion (1:1 at TGE)
All $JELLY accrued before the TGE is convertible at a 1:1 ratio into $DUSA. This ensures that users who contributed early are seamlessly integrated into the long-term governance structure.

Twice-a-Year Redemptions Post-TGE
Every six months following TGE, $JELLY holders can redeem their tokens for $DUSA, directly linking protocol activity to long-term governance participation. By making redemptions available bi-annually, the protocol encourages sustained engagement rather than speculative holding.

$JELLY Utility and Benefits​

Bi-Annual $DUSA Redemption
$JELLY can be redeemed for $DUSA twice a year post-TGE, ensuring short-term engagement feeds into long-term governance value.

Boosted Returns for Liquidity Providers
Leading up to the TGE, LPs enjoy enhanced APR through $JELLY, compensating them for their early and ongoing support of the Dusa Protocol.

Long-Term Contributor Recognition
Because $JELLY is non-transferable, only active and returning users can accumulate more over time. This direct reward model prevents speculative trading and ensures fair distribution to genuine contributors.

Non-Transferability
$JELLY cannot be traded, gifted, or sold on secondary markets. Its value is intrinsically tied to authentic protocol engagement.

Timeline​

  • December 23, 2024 (6:00 PM)
    Conversion of existing activity points into $JELLY using 1.5% of the total $DUSA supply. This marks the beginning of $JELLY’s role in the reward ecosystem.

  • January & February 2025
    An additional 0.5% of the total $DUSA supply is distributed as $JELLY each week based on user activity. A separate 0.35% is allocated for boosted LP incentives.

  • TGE (Early 2025)
    At TGE, all pre-TGE $JELLY converts 1:1 into $DUSA. Going forward, $DUSA becomes the primary reward token for liquidity incentives, while $JELLY transitions into a bi-annual reward token distributed via the Duser Distribution (17% of $DUSA reserved).

Conclusion​

The Jelly Token ($JELLY) is a vital component of the Dusa Protocol’s reward ecosystem, incentivizing both early adopters and long-term community members. By combining pre-TGE liquidity and activity-based rewards (totaling 2.35% of $DUSA) with a five-year, bi-annual Duser Distribution (17% of $DUSA), $JELLY strikes a balance between short-term participation and sustained engagement. Its non-transferable nature ensures only true contributors can benefit, and the 1:1 conversion at TGE, followed by twice-a-year redemptions, seamlessly links user activity to governance. This framework underscores Dusa’s commitment to fairness, community-driven growth, and an inclusive, long-lasting ecosystem.

Disclaimer​

The following citizens and residents are strictly prohibited from interacting with the Dusa Protocol, including claiming $JELLY or $DUSA tokens. Any address that participates in the Dusa Liquidity Incentive program hereby declares that it is not from and does not currently reside in any of the following regions: the United States of America, Canada, Iran, Cuba, North Korea, Syria, Myanmar (Burma), the Crimea, Donetsk, or Luhansk regions, or any other country or region subject to comprehensive economic sanctions by the United States (collectively, the “Restricted Areas”). Any attempt to circumvent these conditions by participating from the Restricted Areas will be deemed a violation of the protocol’s terms and may lead to the forfeiture of any claims to $JELLY or $DUSA.