The $RUBY → Jewelry Conversion Loop
The $RUBY-to-Jewelry mechanism lies at the heart of RubyOnAvax’s economic engine. It replaces traditional emission-farming models with a refinement-based loop, where $RUBY is continuously converted into yield-bearing NFTs, promoting both token utility and long-term protocol alignment.
⚖️ Pegged Output Structure
Instead of pegging two liquid tokens, RubyOnAvax introduces a conversion peg between $RUBY and the AVAX-yielding Jewelry NFTs.
Example Crafting Pegs:
1,000 $RUBY → Ruby Ring → 0.1 AVAX per epoch (during 15 epochs)
10,000 $RUBY → Ruby Crown → 1.2 AVAX per epoch (during 30 epochs)
This burn-based peg acts as a soft floor for $RUBY’s perceived value, while also reducing total circulating supply over time.
🧱 Staking & Farming Opportunities
🔹 $RUBY Vaults
Stake $RUBY in specialized refinement pools to accelerate Jewel forging or earn boost multipliers on future Jewelry.
These vaults may provide multiplier bonuses for those who pre-commit to forging large Jewels (e.g., Crown commitments).
🔸 Jewelry Staking (Primary Yield Engine)
Stake your forged Jewelry NFTs in the Vault of Ages to unlock AVAX rewards over time.
Rewards are fixed per tier and funded from protocol AVAX reserves collected via treasury strategies, swaps, and partner fees.
🛠️ Future: LP Pools & Boosted Rewards
RubyOnAvax may expand to include LP staking options such as:
$RUBY/wAVAX LP on Trader Joe: Qualifies for $RUBY or NFT boost incentives.
Jewel Trading: Rare Jewels may gain market value on NFT marketplaces, opening additional liquidity layers.
✅ Conclusion
The $RUBY → Jewelry mechanism replaces inflation-heavy emissions with a progressive value loop:
Farm $RUBY → Forge Jewelry → Stake → Earn $AVAX This system is designed to:
Reduce speculative dumping
Increase protocol longevity
Align users with long-term rewards
RubyOnAvax doesn’t just farm yield — it transforms participation into permanence.
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