Tokens

The Jelly ecosystem has 3 main tokens:

JELLY The protocol's token which is earned as rewards in the Jelly ecosystem.

veJELLY When JELLY is locked up in our Sticky Pool, users receive veJELLY (vested escrow JELLY) that represents their time locked position. veJELLY is the Governance token and used for voting on the allocation and distribution of JELLY Rewards. Your locked JELLY is represented as a veNFT, holding the veJELLY balance. The onchain SVG Artwork is dynamically determined by the veJELLY power. veNFTs can be transferred, bought/sold, staked/unstaked/rewards claim and used in the defi/NFT ecosystem.

Staking NFTs When users stake in a Jelly powered pool, they receive an NFT that represents their staked position. Staking NFTs can be transferred, bought/sold, staked/unstaked/rewards claim and used in the defi/NFT ecosystem.