What has JetDAO been doing throughout February?
Assets Onboarding
Wormhole has recently proposed on the Jet Forum to onboard $wBTC (Wormhole) on Jet Protocol. The proposal covers topics such as the liquidity of the asset on the Solana Blockchain, a review of the legal/regulatory profile, the oracle it uses, and information about the Wormhole project. To read the entire proposal click here
The governance committee reviewed and started the Off-Chain & Community Sentiment vote yesterday. If the results are positive, $wBTC will be elevated to the On-Chain vote and run for seven days.
To stay informed about the process, don't forget to subscribe to the forum. If you want to vote On-Chain, remember that you must stake at least one $JET token in the Governance portal.
To learn more about the governance process you can read more in this link.
Community Calls
Today, JetDAO held its 11th Community Call and the second of the year. The main topic discussed was a demo test of the new Jet product "Fixed Term." During the call, Norman, the Head of Product at Jet, conducted a live stream on Crowdcast, demonstrating the process of both lending and taking loans on the DevNet. To watch the replay of the event, click on the provided link.
The purpose of the call was:
To give a preview of what is currently available on the platform and what to expect in the coming weeks and months.
To gather feedback from specific parameters within the marketplaces, such as which assets & tenors users would like to use.
Engineering Update
During February, Jet engineering posted an update about the engineering team. The purpose was to provide the community with information about the current state of the protocol in terms of new products and what can be expected in the coming months.
Here are some key points:
Jet is currently focusing on updates to its Fixed Term product, which allows users to take out fixed-term loans.
Next-Gen Leverage Swaps are also in the works, which will allow users to swap between different assets with leverage.
The team is also working on a redesign of the user interface to make it more user-friendly.
The update also includes information on recent improvements to the protocol's smart contracts and the addition of new liquidity providers.
To read the entire post: Here
Staking v2 & Incentives
As Jet Fixed Term is close to its mainnet launch, it is publicly known that the v2 staking incentives, both in $JET tokens to stakers in the Governance App and in MNDE and other tokens, will be re-evaluated and proposals will be updated & voted on. You can catch up on the previous proposal here.
Category: #Support
During 2023, the JetDAO user support will still take place in the Jet Forum. The new category #Support is live and ready to be used if users are facing any issues.
Key Dates
📆 Tuesday 03/07 - Last day to vote Off-Chain on $wBTC proposal.
📆 Friday 03/29 – Community Call #12 - the subject will be shared soon.
Links:
To discuss & Propose: Jet Forum
To see proposals & Vote: Governance App
JetDAO Webpage: Link