Jet Protocol (JET)

IEO

Last updated: Oct 13, 2021

Jet Protocol is a lending platform built on Solana that uses blazing fast speed and low transaction costs to maximize the efficiency of borrowing and lending markets in DeFi.

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Overview

Project industry	Finance Services & Banking
Product type	Protocol
Whitepaper	Open

What is Jet Protocol

Jet is a lending protocol built on the Solana blockchain with a focus on innovative lending products and cross-chain interest rate arbitrage. The protocol’s native token will innovate on battle tested governance models from existing protocols, skewing towards community ownership and engagement. The most important aspect of this governance-first approach is to build an inclusive community to research, design, and implement useful lending products.

A Jet user can borrow against over-collateralized debt positions, and may incur debt up to governance mandated debt ratios. If the value of a user’s deposited collateral falls under the specified ratio, their position is able to be liquidated by external actors, such as traders or any users who can call the smart contract. In addition to lending, Jet will introduce interest rate product secondary markets on Serum and facilitate ongoing community-driven lending product research & development.

Details

IEO (Ascendex Launchpad): Oct 13, 2021 - Oct 14, 2021
Token supply: 1,700,000,000 JET
Total tokens for sale: 4,000,000 JET
Hard cap: 4,960,000 USD
Raised: 4,800,000 USD

Legal

Blockchain Platform: Solana
Country limitations: AFGHANISTAN, ALGERIA, BANGLADESH, BELARUS, BOLIVIA, BURUNDI, CENTRAL AFRICAN REPUBLIC, CONGO, COTE D’IVOIRE, CUBA, ETHIOPIA, ECUADOR, GUINEA-BISSAU, IRAN, IRAQ, LEBANON, LIBYA, LIBERIA, MALAYSIA, MYANMAR, NEPAL, NORTH KOREA, SERBIA, SOMALIA, SOUTH SUDAN, SUDAN, SRI LANKA, TRINIDAD, TOBAGO, TUNISIA, UKRAINE, UGANDA, USA, VENEZUELA, YEMEN, ZIMBABWE
Registration country: United States