Active Phase

Once the Warmup phase has ended, user-deposited tokens will be sent to stake/farm in the associated protocol pool. This marks the beginning of the active phase, during which Jungle will auto-compound the yield on deposited funds to maximize value for users. During this time, the I-TOKENs will accrue value according to the yield generated since the beginning of the Active phase.

User deposits are still accepted during this phase, but users must deposit the combined value of both the base J-TOKEN and the accumulated reward value represented by the I-TOKEN to mint the pair. This maintains the proper backing for each token.

Users may also redeem an I-TOKEN/J-TOKEN pair for the underlying staked token and rewards accumulated for the period to date. In order to maintain the proper backing within the staking pool, I/J tokens may only be redeemed simultaneously and in equal quantities.