JET

What is Jet Protocol?

Jet Protocol is an open-source, non-custodial borrowing and lending protocol operating on the Solana Blockchain. Jet Protocol's core infrastructure includes Margin Accounts, Margin Pools, Fixed-Rate Markets, and other products supported by external protocols. These products enable users to manage their positions, borrow against assets, and engage in interest rate speculation.

All deposits are directed to a common liquidity pool, eliminating the need for matching between individual borrowing and lending users.

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Recent Video Interview

Main points of the interview:

• Will Barnes, CEO of Jet Protocol, discusses its non-custodial borrowing and lending platform.
• Jet Protocol focuses on fixed-rate, fixed-term borrowing, using Solana and central order books.
• Barnes' journey includes tech consulting, ConsenSys, MakerDAO, and founding Jet with James.
• Jet aims to meet diverse borrowing needs, including retail traders and institutional clients, while ensuring transparency through its DAO governance model.

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Core Products

Margin Accounts: These accounts serve as the cornerstone of Jet Protocol, functioning akin to wallets but with additional capabilities. Users can margin their positions across all supported assets and products offered by the protocol. Margin Accounts enable users to manage their collateral, borrow against assets, and engage in leverage trading. They provide a flexible and user-friendly interface for accessing Jet Protocol's borrowing and lending services.

Margin Pools: Margin Pools are the lending pools within Jet Protocol, designed to facilitate borrowing and lending activities. Engineered to rely on Margin Accounts for collateral management, these pools serve as the source of liquidity for the borrowing process. Users can deposit assets into Margin Pools to earn interest income or borrow assets from these pools by providing collateral. Margin Pools play a crucial role in maintaining liquidity within the protocol and ensuring efficient borrowing and lending operations.

Fixed-Rate Markets: Fixed-Rate Markets offer users the option of fixed-term and fixed-rate lending and borrowing on-chain. These markets provide users with certainty regarding interest rates over a specified period, allowing for better planning and risk management. Users can negotiate rates in a central limit order book (CLOB) and submit both maker and taker orders. Fixed-Rate Markets expand Jet Protocol's offerings, catering to users' diverse borrowing and lending needs while enhancing the protocol's flexibility and utility.

JetDAO

JetDAO aims to enable access, freedom, and autonomy in financial management through decentralized governance. By stewarding a permissionless and secure financial platform, JetDAO seeks to minimize human bias and foster user-centric governance on-chain. Jet Protocol's governance oversees mechanics and parameters of its borrowing and lending products, including:

• Supported assets
• Collateralization ratios
• Liquidation
• Interest
• Fees

Jet Association is developing infrastructure for decentralized governance, empowering JET token holders to decide on these parameters through governance voting.

Supported Assets

Assets onboarded to Jet are decided through governance, with proposals subject to an on-chain vote by JET token holders. Assets' risk levels affect their collateralization ratios, with less risky assets like USDC offering higher leverage.

Interest

Interest rates at Jet are dynamic and determined by the utilization ratio of the asset. Higher utilization ratios result in higher interest rates, incentivizing capital influx during high demand. Jet employs a three-segment interest rate curve, increasing significantly as the utilization ratio nears 100%.

Jet Governance Process

JetDAO oversees the protocol's decentralized governance, following a three-phase process:

• Pre-Screening: Proposals are reviewed for completeness before entering community and internal review phases.
• Discussion and Review: Community and internal reviews occur in parallel, ensuring proposals meet technical and community standards.
• Voting: Approved proposals are put to a vote by JET token holders, with a simple majority required for passage.

Sonar Watch

Sonar Watch provides users with a comprehensive overview of their Solana Blockchain wallets, including metrics for tokens, LPs, farms, staking, and NFTs. This dashboard facilitates analysis of portfolio performance, aiding Jet users in making informed decisions.

Investors

Jet Protocol's list of investors: Paradigm, Reciprocal Ventures, MGNR, Sino Global Capital, CMS, Solana Ventures, Kenetics,...

Project Develoment

Jet Protocol is soon introducing the ability to leverage liquidity provision into Orca pools while simultaneously borrowing and lending from your Jet margin account. This feature enables users to supply liquidity to Orca pools, whether concentrated or spread across the entire range. Notably, these liquidity provider (LP) positions will also serve as collateral within the Jet Protocol ecosystem. By integrating with Orca, Jet users gain the opportunity to maximize their capital efficiency by earning LP rewards while utilizing their assets as collateral for borrowing or lending activities.

This enhancement promises increased flexibility and utility for users, allowing them to optimize their DeFi strategies and leverage opportunities across multiple protocols seamlessly. Keep an eye out for this upcoming feature on Jet Protocol, offering a streamlined and interconnected experience for liquidity provision and decentralized finance operations.

JET Price Analysis

As of November 24 2024 JET has a marketcap of $19K. This is {{percentagefromath}} from its all time high of $0.738315. In terms of its tokenomics, there's a total supply of 1.7B with 9.2% currently outstanding. Keep in mind JET has a fully diluted value of $210K which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.