What has JetDAO been up to during October? New assets have been onboarded in Jet Protocol as collateral types with cross-DAO engagement discussions underway.
Let’s take a look and a recap:
FTT DAO has proposed $FTT (Wormhole) as a collateral asset. With 5.64M JET tokens exercised and a 100% IN FAVOR result, users are now able to perform deposits & borrowings with $FTT token in Jet Protocol. $FTT is the exchange token of FTX, while $FTT (Wormhole) is the SPL token minted when a token from the native chain is bridged to Solana Blockchain using Portal bridge.
Socean Finance proposed $scnSOL as a collateral asset. With 2.09M JET tokens exercised and a 97% IN FAVOR result, users are now able to perform deposits & borrowings with $scnSOL tokens in Jet Protocol. $scnSOL is a liquid staking token issued by Socean Finance, to read more: $scnSOL.
Wormhole Crypto proposed $ETH (Wormhole) as a collateral asset. With 4.17M JET tokens exercised and a 100% IN FAVOR result, users are now able to perform deposits & borrowings with $ETH tokens in Jet Protocol. $ETH (Wormhole) is the SPL token bridged from the native Ethereum network to the Solana Ecosystem using Portal bridge.
StableNode proposed $DAI ( Wormhole ) as a collateral asset. With 4.70M JET tokens exercised and a 100% IN FAVOR result, users are now able to perform deposits & borrowings with $DAI tokens in Jet Protocol. $DAI is an over-collateralized stablecoin maintained by MakerDAO.
The forum remains open to new Asset Onboarding proposals so that any member of the community, or from outside, can post an asset as a collateral asset.
Current Asset Onboarding Proposals
The month of October has ended with two new Asset Onboarding Proposals proposed by the community: Should Jet Protocol onboard this two assets as collateral ?
$SRM: The utility and governance token of Project Serum has been proposed as a collateral asset by Sino Global Capital. Read the proposal here.
$RAY: The utility and liquidity incentive token of Raydium, an on-chain order book AMM. This collateral asset was proposed by a JetDAO community member. Read the proposal here.
Current Open Discussions
Extension of JET tokens staking awards. - The month of October has also brought to a close the JET token rewards. That's why the community has created a discussion and posted a new proposal for the future of $JET rewards. 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. This proposal is here.
New 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 users are facing any issues.
Community Calls
Key Dates
📆 Tuesday November 8th – Tuesday November 15th: $SRM - Project Serum - Off-Chain community vote.
📆 Tuesday November 8th – Tuesday November 15th: $RAY - Raydium - Off-Chain community vote
Useful links:
To discuss & Propose: Jet Forum
To see proposals & Vote: Governance App
JetDAO Webpage: Link