Warmup Phase

During the Warmup phase, user deposits are not sent to the auto-compounding vault; the farming period has not yet begun. Users may deposit their tokens during the Warmup phase at a ratio of one token for one I-TOKEN and one J-TOKEN. Since the farming has not yet begun, the I-TOKENs will not have any redeemable value during this stage since no farm rewards will have accrued to them yet but users may still wish to mint and trade them on the market, as they will begin accumulating value once the farming period begins.

We predict that I-TOKENs are likely to trade at a premium to their current redemption value (which is 0 during the Warmup phase), but a discount to their expected value at completion. This premium/discount is entirely determined by supply and demand on the open market. We expect the I-TOKEN market to be highly volatile so trade at your own risk!