Jet DAO November Update
Despite chaos in the crypto markets in November, JetDAO continues to work to bring more asset types into the protocol and refine DAO governance.
By the decision of the voters, both $SRM and $RAY have been rejected.
$SRM: Proposed by a community member, got 91% ( 4.65M JET tokens ) against. This led to a decision not to onboard the asset on Jet Protocol.
$RAY: Proposed by a community member, got 82% ( 4.27M JET tokens ) against. This led to a decision, not to onboard the asset on Jet Protocol.
JetDAO continues to welcome collaboration from JET token holders and community members, especially in regards to submissions of new collateral onboarding proposals. There are no formal requirements to submit a proposal - please reach out via the existing proposals to learn more or event get some assistance in starting one.
Current Asset Onboarding Proposals
The month of November has ended with a new Asset Onboarding Proposal put forward by the Zebec core team: Should Jet Protocol onboard this asset to the protocol?
$ZBC: The governing SPL token for the Zebec protocol, a continuous settlement protocol built on Solana. Read the proposal here.
Current Open Discussions
Extension of JET tokens staking awards. - During November, new comments have been added to the discussion. Read said proposal here and leave your thoughts and opinions.
Thoughts on Liquidity Mining. - The discussion is still open, this time with more detailed feedback from community members, join in and read the dialogue. The proposal is here.
Onboarding Assets, Collateral, and Otherwise. - This is a current discussion brought by a community member to discuss and clarify the potential misunderstanding and miscommunication within the community used terms. Read more here.
Announcements
During the past month, Jet Protocol has been affected by the FTX collapse, suffering an exploit caused by a malicious user. Several posts have been done on the forum regarding this episode: How Jet Protocol and the JetDAO have handled recent events with the collapse of FTX and subsequent fallout?
Update on Jet Protocol Being Affected By FTX Fallout. Read: Here
Retrospective on protocol and app changes after FTX collapse. Read: Here
Category: Support
Since October, user support began to take place in the Jet Forum. The new category #Support is live and ready to be used if any users are facing issues.
Community Calls
During the last Wednesday of November, an AMA took place. Jet Protocol’s COO and one of Jet’s core team devs went through the recent exploit. Listen to it again: Here
Useful links:
To discuss & Propose: Jet Forum
To see proposals & Vote: Governance App
JetDAO Webpage: Link