JTO Liquidity Program
Last updated
Last updated
Thanks to our collaboration with Jito, we will continue to reward JTO-JitoSOL depositors, now using a "standard" incentive farm model:
Unlocked like any standard Kamino vault: users can deposit/withdraw as they please
75,000 JTO starting Jan 6th will be distributed via a Kamino farm as incentives to depositors
These will be distributed like in other Kamino farms, proportional to TVL. eg. If you are 10% of the vault for the next 30 days, you receive 10% of the JTO eg. 7.5k JTO
Kamino Farms enables to users to earn incentives by providing liquidity. When depositing into a vault with an underlying farm, your LP tokens are automatically staked into the farm. Thus, by depositing into a farm, you become eligible for rewards.
In addition to rewards, you also earn auto-compounded trading fees from the underlying DEX. These trading fees are auto-compounded into your position, and do not need to be manually claimed.
Go to the
Select JTO or JitoSOL Deposit amount
Click Deposit & Stake
This will auto-stake into the farms program and you will begin earning rewards.
Go to Vault page
Select My Positions tab
Click "Claim JTO"
Go to Vault page
Select "Unstake" in the dropdown menu on the top right, move slider to the desired withdrawal amount, then Unstake
Select "Withdraw" in the dropdown menu on the top right, then select desired withdrawal token, and withdrawal amount
Throughout the lock period, deposited liquidity will earn auto-compounded trading fees via Kamino's automated market-making infrastructure. Once the 30-day lock period is over, liquidity will be unlocked, and users can opt to either continue earning fees, or withdraw their funds from the vault.
Kamino's Locked Liquidity smart contract is audited and open-source
Duration: 30 Days
Maximum Rewards: 600,000 JTO
Vault: JTO - JitoSOL
Rewards Schedule: Constant rate
JTO will be awarded at a constant rate, proportional to JTO in the pool during the lockup period. A step function will also be used - meaning that earlier depositors will earn a larger amount of rewards as the rate of emission is stepped down during days 1 - 4 from a 5x boost on day 1. Depositors will be awarded JTO according to their share of the pool, thus larger LPs will earn a larger part of the reward.
JTO rewards will be claimable on the vault page.
Once the 30-day lock-up period is over, depositors can choose to keep their liquidity deposited in the vault, where it will continue to earn trading fees.
Kamino is a key liquidity venue for the JTO token launch by . To reward users for contributing to JTO liquidity, depositors will be earning JTO rewards for locking their liquidity into a JTO-JitoSOL vault on Kamino.
This lock-up period will start when the JTO airdrop becomes claimable on the , and will continue for 30 days from the moment that the airdrop is live. During the 30-day lock period, the JTO tokens will be distributed to all participants, instantly claimable in the vault page.
After claiming their JTO on the , users can deposit their liquidity in the JTO-JitoSOL vault. This will require the user to deposit both JTO and JitoSOL.
Once deposited, user liquidity will remain locked for the duration of the 30-day lock-up period. While deposited, users can claim their JTO rewards on an ongoing basis right on the vault page. Depositors will earn JTO rewards, as well as automated trading fees that will auto-compound into their positions (read more about how Kamino vaults work ).
If you have any questions, join the
Note that depositing into the JTO-JitoSOL Vault means that you have price exposure to both JTO and JitoSOL. Please read through the liquidity vault to familiarize yourself with the risks of liquidity provision.