Introducing the JetDAO Newsletter: First Governance Vote
JetDAO Newsletter, Governance Overview, First Governance Vote for USDC, Housekeeping, and more!
Introducing JetGovern and the JetDAO Newsletter
Last April, Jet successfully deployed the JetGovern app; an interface designed to allow eligible users to claim their $JET airdrop, stake their $JET tokens, and have a voice in the future of JetDAO by voting on on-chain proposals through our intricate governance process.
We have also curated an illustrated guide to Jet's governance process, new margining system, fixed-term, fixed-rate borrowing & lending, and the future of Jet DAO that can be viewed in the embedded video below.
In efforts to introduce the JetDAO before take off on our flight path of true decentralization, the Jet Protocol newsletter will now be known exclusively as the JetDAO newsletter. Subscribers of the Jet Protocol newsletter can still expect updates on Jet App products such as V2 and other upcoming technical features.
Governance
Forum-Based Community Vote for USDC as an Asset Type on Jet Protocol
As of Tuesday May 17th, JetDAO has kicked off the forum-based community vote to move forward with proposing USDC as an asset type on Jet Protocol. Within this forum post, the Jet community will have an opportunity to cast an informal off-chain vote on this USDC asset onboarding process. The USDC asset onboarding application and evaluation will be discussed and voted on by the Jet Forum for 7 days from Tuesday May 17th through May 24th. Jet’s first on-chain vote will be kicking off right afterwards for 7 days.
USDC has been the default and only stablecoin listed as an asset within the Jet app since the launch of V1 in October 2021. The Jet team decided to use USDC as an example of an ideal (and first) asset type to add to Jet as it is a fairly uncontroversial option.
The point of using USDC in the first vote process is to highlight how exactly the JetDAO will evaluate and act on asset onboarding proposals on a rolling basis through governance.
We are looking forward to community members, not just $JET token holders, having a say in the first Jet Forum community vote to move forward with USDC as an asset type on Jet.
If you have not done so, create an account on the Jet Forum to prepare for our governance process and votes - Jet is not boarding this flight without you!
Community Call Update
JetDAO will be updating the schedule at which Community Calls are hosted. Community Calls have been scheduled to be hosted once every two weeks, however after considering the density of content we’d like to see on these calls for optimal engagement, the Community Calls will be held once a month every last Wednesday of the month.
The next JetDAO Community Call will be hosted on Wednesday, May 25th at 12pm EST / 9am EST / 16:00 UTC to kickstart this new schedule. The subject of the next JetDAO Community Call will be on the next version of Jet Protocol, V2 Margin, and a preview of what to expect with V2 Bonds.
The Jet core team hopes this new structure allows our community ample time to prepare to attend, engage, and ask questions for a Q&A. If requested by the community, Jet is open to polling the community on which time is better suited for more governance enjoyers to attend.
Make sure to follow Jet on Twitter for more updates regarding the upcoming Community Call!
JetDAO is attending AthensDAO!
JetDAO will be attending AthensDAO HackerHouseX, a HackerHouse organized by Grape Protocol focusing on building and presenting DAOs and NFTs in the Solana ecosystem. AthensDAO will be hosted in Athens, Greece on May 22nd - 28th and you can expect to see a JetDAO presentation live and posted in our socials soon!
Subscribe to Jet Protocol’s YouTube page to catch the presentations from JetDAO at AthensDAO!
New Jet Forum Posts / Proposals
🏛️ Live Informal Forum-Based Poll: USDC Off-Chain Onboarding Vote
🏛️ Asset Onboarding Proposal: Onboarding Parrot Protocol’s dollar-pegged synthetic stablecoin - $PAI
🏛️ Asset Onboarding Proposal: Onboarding Saber LP Tokens
🏛️ Post: Introducing StableNode
🏛️ Post: Question on Roadmap for JET — Onboarding & Voting
🏛️ Evaluation Criteria: New CODEC Guiding Jet Set Offs
Key Dates
Tuesday May 17th - Tuesday May 24th: Informal forum-based community poll for USDC
Tuesday May 24th - Tuesday May 31st: First on-chain vote for USDC on JetGovern app. This vote will be live for 7 days.
Wednesday May 25th: Community Call at 9am PST / 12pm EST / 16:00 UTC. Topics to be discussed: Jet V2, JetMargin, First On-Chain Vote. Subscribe to the Jet Association YouTube for updates and for recordings of previous Community Calls
Sunday May 22nd - May 28th: JetDAO will be in Athens, Greece for the birthplace of Solana democracy at the AthensDAO HackerHouseX. JetDAO will be presenting on the DAO structure and provide exciting details regarding JetGovern code for the hackers in attendance.
Housekeeping
Jet in the Press:
BusinessWire: Solana-based Jet Protocol Turns to DAO Governance Model to Broaden Decentralized Community
CryptoNinjas: Solana-built DeFi app Jet Protocol transitions into DAO to enable on-chain governance
CryptoCoinShow: Will Barnes, CEO of Jet Protocol - Fixed Rate DeFi Borrowing Interview
Fortune, Featuring Wil Barnes (Co-Founder of Jet): Why are billions pouring out of DeFi and crypto? ‘The actual tech hasn’t caught up to the valuations yet’
Open Positions
Jet is hiring a full-time DAO Lead to lead community calls, communicate regular overview of JetDAO activities to $JET token holders, conduct market research, and work with community members to formulate proposals to the JetDAO.
Jet is hiring a full-time UX/UI Designer to join the team and assist with taking on design challenges ranging from brand-building to product design to user experience research.
Get In Touch
🌐 Visit us at JetProtocol.io 🌐
✍️ Check out our JetBlog ✍️
📩 Email us at hello[at]JetProtocol[dot]io 📩
💬 Chat with us on Telegram or Discord 💬
🐦 Find us on Twitter — @JetProtocol 🐦
📰 Subscribe to our newsletter: