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Jetfuel Staking - FUEL/JETS
https://jetfuel.finance/staking/fuel
How Do I Stake on Jetfuel Finance?
Staking your FUEL tokens on Jetfuel Finance earns you passive FUEL rewards, voting power once Jetfuel Governance is live, and is designed to grow along with the Jetfuel eco-system. To stake your FUEL tokens, you must convert them to JETS. Once you have converted to JETS, you are now earning the passive FUEL rewards, which you can see by checking the "Your total pool share in FUEL" section on the staking page.
JETS tokens go up in value faster than FUEL does, due to the passive FUEL rewards being sent to JETS holders, so that means "Your total pool share in FUEL" is always growing. You don't need to harvest anything.
Jetfuel Finance has a double reward staking system, so once you own JETS, you can stake your JETS and earn even more rewards on top of the normal FUEL staking passive rewards. JETS can be staked in multiple places, including the JETS staking page or in the "Fuels" page inside the USS Gerald R Ford staking pool. Keep in mind, rewards from staking JETS on the JETS staking page, or in the USS Gerald R Ford, will need to be harvested.
What Are JETS?
The JETS token is the staking and governance token of the Jetfuel Ecosystem. JETS will deliver multiple revenue streams for FUEL stakers from the Hangar Reserves (staking pool), Vault rewards, GFORCE rewards, additional rewards from soon to be launched additions to the ecosystem including Fortress credit/lending, JetSwap AMM, and will provide voting power once governance is launched.
How Do I Receive JETS?
By simply staking FUEL, which is done on the staking page, by clicking on "Convert to JETS". When your FUEL is staked, and you are holding JETS, you will not earn more JETS. Instead, by holding JETS, you will be able to passively earn more FUEL, and will allow you to earn from up to a planned 6+ different income streams.
What’s the equation to receive JETS?
(Amount of FUEL to Stake) * (Total JETS) / (totalFUEL in Staking)
Staking Income Streams
There’s currently nothing like it on Binance Smart Chain. JETS holders receive;
- 1.FUEL rewards from the Hanger Reserves (staking pool)
- 2.FUEL rewards from 4% of each and every Vault harvest
- 3.GFORCE staking pool for passive yield rewards
- 4.FUEL rewards from the USS Gerald R Ford JETS staking pool
- 5.Coming soon: Fortress credit/lending protocol
- 6.Coming soon: JetSwap automated market maker (AMM)
Diagram of revenue streams for JETS holders
Because of the passive rewards JETS holders receive, on day one, the ratio of JETS you would receive from FUEL was 1:1, however now that more revenue streams are being added, it will continue to drop as more profits are shared with JETS holders, incentivizing users to stake early and leave long-term.
Relationship of FUEL and JETS
FUEL Rewards from the Staking Pool.
FUEL has a 2% transactional tax built into the smart contract. 1% of every transaction is burned forever and 1% of every transaction is sent to the Hangar Reserves (staking pool). So that means every time FUEL is bought, sold, harvested, transferred, or put into an LP, the Hangar Reserves wallet is replenished with FUEL.
JETS holders will earn FUEL from this pool by staking their FUEL. JETS holders’ earnings are based on the number of FUEL stakers and FUEL available in the contract. Currently, 60 FUEL will be sent from the Hangar Reserves to JETS holders, however that number can be increased as the platform grows.
USS Gerald R Ford Staking Pool
Once you stake your FUEL, and receive JETS, you can even stake your JETS for more FUEL, for double FUEL rewards. On the “Fuels” page, there is a staking pool called the USS Gerald R Ford, and it allows you to earn even more FUEL while staking your FUEL. Simply click on “Deposit” in the JETS box, and your JETS will immediately begin earning you more FUEL.
USS Gerald R Ford staking pool
Fuel Rewards from the Vaults
Jetfuel’s vaults provide JETS holders with FUEL rewards, and depending on the optimizer strategy, the vaults will redistribute 4% of every harvest as FUEL back to JETS holders. This means JETS holders will receive market bought FUEL from every harvest, which happens at least every 4 hours, from every vault.
GFORCE Passive Yields
GFORCE (GFC) will be the third token integrated into the Jetfuel ecosystem. Following in the footsteps of passive yield tokens, GFORCE will split the transaction tax between GFORCE holders and JETS holders, as well as sending some to permanently be locked into liquidity. This means JETS holders will automatically become GFORCE holders and will earn substantially higher yields than a standalone GFORCE holder.
Fortress Credit/Lending Protocol
Jetfuel will soon be launching a very exciting new credit/lending platform, forked from Venus/Compound, on both Ethereum & Binance Smart Chain, called Fortress. A certain percentage of the profits from each of the two, will be shared with JETS holders. Jetfuel’s Vaults will also be able to build strategies/vaults using single token assets on Fortress. More to be announced soon.
JetSwap
Jetfuel is currently working on a new AMM, and a certain percentage of the profits from JetSwap will be shared with JETS holders. JetSwap will also have yield farms that Jetfuel’s Vaults will be able to take advantage of.
Can I trade JETS?
Jetfuel does not support JETS trading. JETS should be held, not sold since you need JETS in order to withdraw your FUEL + rewards. If your JETS are lost/unrecoverable, we are unable to assist you with the recovery of your FUEL + Rewards.
How do I get my FUEL back?
If you staked your JETS in any staking pools, such as the USS Gerald R Ford, you must first un-stake your JETS.
Now that none of your JETS are currently staked, all you must do is click the “Convert To FUEL” button on the Staking page to get your FUEL back. After your wallet prompt approval, your JETS will be burned and your FUEL will be returned to you less the normal transfer tax and 2.5% dev fee.
Last modified 1yr ago