JAMI (JamFI Liquidity Token)
The Foundation of the JamFi Ecosystem
Overview
The $JAMI token is the foundational pillar of the JamFi ecosystem, serving as both a utility and governance asset. Beyond its role in DAO voting and protocol governance, $JAMI acts as the connective tissue that binds together all of JamFi’s services: lending, staking, cross-border payments, and card integrations. Holding $JAMI gives users the ability to influence protocol parameters, propose upgrades, and steer the direction of the ecosystem. It is also tied to JamFi’s revenue model: a portion of fees collected from lending markets, payment services, and partner integrations are allocated to buy back $JAMI from the market and redistribute value to token holders. In this way, $JAMI not only provides governance rights but also aligns incentives between the protocol and its community, creating a sustainable feedback loop of growth and rewards.
Unlike many DeFi projects where the native token is confined to “farming” or governance-only functions, $JAMI is directly embedded in JamFi’s economic architecture. Token holders benefit from yield boosts on staking and lending markets, reduced transaction fees, and priority access to institutional-grade liquidity pools. Moreover, $JAMI integrates into JamFi’s card program, where users who hold and stake the token gain additional advantages such as higher cashback tiers, lower FX conversion costs, and access to premium virtual or physical cards issued in partnership with Visa and Mastercard. This creates a direct bridge between on-chain activity and real-world utility: using $JAMI in daily card transactions transforms the token from a governance tool into a tangible financial asset that powers everyday payments.
Liquidity Tokens in JamFi
In addition to $JAMI, the ecosystem issues special liquidity tokens. These are not separate currencies but rather tokenized receipts that represent a user’s share of the pool and automatically accrue interest. For example, depositing USDC mints jamiUSDC, while depositing USDT mints jamiUSDT. Such tokens ensure transparent accounting, allow users to always see their share in the pool, and reflect accrued yield automatically. Moreover, they can be used as collateral to unlock borrowing or additional yield strategies.
What makes JamFi’s liquidity tokens different from analogues in other protocols (like aTokens in Aave or cTokens in Compound) is that they operate in a multi-chain environment and are not isolated within a single blockchain. This makes jamiUSDC and jamiUSDT true chain-agnostic assets that can be used across all supported networks.
The user deposits USDC → the pool contract locks the asset → jamiUSDC is minted → the token is stored in the wallet and automatically accrues yield.
// Minimal example: deposit USDC and mint jamiUSDC (receipt token)
interface IERC20 { function transferFrom(address, address, uint) external returns (bool); }
contract jamiUSDC {
IERC20 public immutable USDC;
mapping(address => uint256) public balanceOf;
uint256 public totalSupply;
constructor(IERC20 _usdc) { USDC = _usdc; }
function deposit(uint256 amount) external {
require(USDC.transferFrom(msg.sender, address(this), amount), "transfer failed");
balanceOf[msg.sender] += amount;
totalSupply += amount;
}
}Unified Liquidity Model
A common problem in DeFi is fragmented liquidity: each chain has its own isolated pool with no direct connection. This reduces capital efficiency and forces protocols to artificially raise rates to attract liquidity across chains. JamFi solves this with the Unified Liquidity Model — a design that allows pools across multiple networks to be treated as one global pool.
If a user deposits 100 USDC on Ethereum and 200 USDC on Solana, their wallet will hold 300 jamiUSDC. They will earn interest on the entire balance at a single global rate, regardless of the chain. At the same time, they can borrow liquidity in one chain while having made their deposit in another. This removes the boundaries between chains and creates a truly global liquidity layer, multiplying capital efficiency.
Deposits of USDC across different networks (Ethereum, Solana, BNB, Polygon, Avalanche) are virtually unified into jamiUSDC Global Liquidity. The user receives aggregated jamiUSDC, available for use across all supported chains.
Global Liquidity Factor
JamFi uses the Global Liquidity Factor to balance liquidity across networks. This metric shows the proportion of an asset’s liquidity in a specific chain relative to the protocol’s total liquidity of that asset.
Example: if the total USDC liquidity in the protocol is $50M, and $25M is in Ethereum, then GLF(USDC, Ethereum) = 0.5.
The GLF mechanism enables the protocol to maintain balance and, if necessary, move liquidity through partner bridges from a chain with surplus to one with shortage. This ensures users do not face skewed borrowing or supply conditions in different chains and helps keep rates stable and fair.
// Pseudo: GLF(chain) = liquidity(chain) / liquidityGlobal
function glf(uint256 chainLiquidity, uint256 totalLiquidity) internal pure returns (uint256) {
if (totalLiquidity == 0) return 0;
return (chainLiquidity * 1e18) / totalLiquidity;
}Asset Correlation Factor
Another important safeguard is the Asset Correlation Factor (ACF), which measures the price correlation of multi-chain assets to ensure that the same token behaves consistently across networks. For stablecoins like USDC or USDT this value should remain close to 1, since these assets are expected to trade at the same value regardless of the chain. If the correlation deviates by more than 0.002, it signals potential risks such as oracle errors, fragmented liquidity, bridge instability, or unexpected market anomalies. In such cases, the protocol can temporarily suspend new operations in the affected pool until conditions stabilize, preventing systemic risks from spreading to the global liquidity state.
In addition to monitoring, ACF data is logged and made available to governance and risk teams. This transparency allows the community and institutional partners to audit correlations in real time and propose parameter adjustments if anomalies become frequent. Combined with the oracle router and TWAP mechanisms, ACF acts as a multi-layered defense system. It not only protects against short-term discrepancies but also provides early warning signals that strengthen the long-term resilience of JamFi’s multi-chain liquidity model.
Capital Efficiency
With jamiUSDC, jamiUSDT and the Unified Liquidity Model, JamFi achieves maximum capital efficiency by merging deposits from different chains into a single global pool that starts generating yield immediately. This approach lowers transaction costs, removes inter-chain barriers and makes borrowing and lending truly universal. For institutional investors JamFi provides transparent access to global liquidity with optimized efficiency, while for retail users it delivers a simple and intuitive product where deposits always work consistently regardless of the chain.
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