The governance and utility token of the Jubilee Protocol — designed to align incentives and empower stakeholders with Financial Power and Governance Rights.
Token: $JUBL — ERC-20 on Base
Supply: 1,000,000,000 (1B) fixed, non-inflationary
Contract: 0x89122fBaEE012AD26D521c11AB5DF9595582E28c
Vesting: 0x3560B663e5618E5842c9C7C1435c429da4DDeC4d
Status: 🟢 LIVE on Base Mainnet — Deployed Feb 25, 2026
Whitepaper: Jubilee Protocol v3
The 1B fixed supply is divided into two distinct pools:
| Pool | Amount | Status | Mechanism |
|---|---|---|---|
| Treasury Pool | 750,000,000 (75%) | Minted at deployment | Held in multisig for distribution |
| Staking Rewards | 250,000,000 (25%) | Unminted (reserved) | Minted over 5 years via JUBLEmissions |
Why this split? The 750M is minted immediately to the Safe multisig treasury because these tokens serve operational purposes — team vesting, ecosystem grants, liquidity, and investor allocations all need to be distributed from day one. The 250M staking rewards are not minted at deployment — they are programmatically minted over 5 years by the JUBLEmissions contract on a logarithmic decay schedule. This ensures:
- No inflation risk — tokens can only be minted by
JUBLEmissions, and only up to the 250M cap - Early adopter reward — Year 1 emits ~125M, Year 2 ~62.5M, halving each year
- Deployer safety — the deployer's
MINTER_ROLEis renounced at deployment. No one can mint arbitrarily.
| Category | % | Tokens | Vesting | Rationale |
|---|---|---|---|---|
| Community & Ecosystem | 40% | 400M | 4-5 years linear | Liquidity, yield farming, Hundredfold Grant Program |
| Staking Rewards | 25% | 250M | 5+ years logarithmic | Governance participation, LTV boost rewards |
| Foundation & Core Team | 20% | 200M | 1-year cliff, 3-year linear | Long-term team alignment via JUBLVesting |
| Private Investors | 10% | 100M | 1-year cliff, 2-year linear | Development, audits, legal |
| Public Liquidity | 5% | 50M | 100% unlocked at TGE | DEX liquidity on launch |
The 250M staking reward pool is distributed on a logarithmic halving schedule:
Year 1: ~125,000,000 JUBL (50% of allocation)
Year 2: ~62,500,000 JUBL (25%)
Year 3: ~31,250,000 JUBL (12.5%)
Year 4: ~15,625,000 JUBL (6.25%)
Year 5: ~15,625,000 JUBL (remaining)
Rewards are distributed per-second to JUBL stakers via JUBLBoost. The JUBLEmissions contract calls JUBL.mint() on each claim, creating tokens only when earned. The MINTER_ROLE will be granted to JUBLEmissions when Jubilee Lending launches on mainnet.
| Fee Type | Rate | Description |
|---|---|---|
| Index Management Fee | 0.5-1.0% | Annual fee on AUM in vault products |
| Performance Fee | 10-20% | Fee on Rebalancing Engine arbitrage profits |
| Lending Origination Fee | 0.5% | One-time fee on new loans |
| Liquidation Fee | 2.0% | Portion of 5% liquidation penalty to treasury |
Protocol Revenue
├── 10% → First Fruits Fund (charitable tithe)
└── 90% → Choice Yield (staker revenue share)
└── Claimable in jBTCi, jETHs, or proportional mix
The First Fruits Tithe — Before any revenue reaches token holders, 10% of all gross protocol revenue is automatically tithed to the First Fruits Fund, an on-chain treasury governed by the Jubilee Council supporting whitelisted charitable organizations and faith-based initiatives.
| Utility | Description |
|---|---|
| Lending Credits | Staking $JUBL increases LTV in Jubilee Lending (up to +20%) |
| Governance Rights | Required stake to join the Jubilee Council |
| Revenue Share | Pro-rata share of 90% of protocol revenue via Choice Yield |
| Gas Abstraction | $JUBL can be used to pay for gas on the application layer |
| Contract | Description |
|---|---|
| JUBL.sol | ERC-20 with AccessControl, burnable, 1B hard cap |
| JUBLVesting.sol | Cliff + linear vesting for team/advisors |
| JUBLEmissions.sol | Logarithmic decay staking reward distribution |
| JUBLBoost.sol | Stake JUBL → boost LTV (7-day minimum lock) |
| ChoiceYield.sol | Revenue sharing for JUBL stakers |
| FeeCollector.sol | 90/10 split: ChoiceYield / First Fruits |
| FirstFruitsFund.sol | 10% tithe to whitelisted charities |
- Internal audit: 8 findings fixed (2 High, 3 Medium, 3 Low) — Full Report
- Red team audit: 6 exploits found and fixed (2 Critical, 2 High, 2 Medium) — Full Report
- External audit: Scheduled with Sherlock
npm install
npx hardhat compile
npx hardhat testMIT