JetDAO August Update
August has been an exciting month for the Jet DAO community and the entire Jet Protocol ecosystem. The latest updates and highlights showcase groundbreaking developments and achievements throughout the past weeks.
Liquidity Incentive Program: Now live
The recently launched Liquidity Incentive Program by JetDAO is designed to offer rewards to both liquidity providers and loan takers participating in the Jet Fixed platform.
This program, which began on July 20th, is set to run for a duration of four years, showcasing JetDAO's commitment to fostering a sustainable ecosystem. By incentivizing users, JetDAO aims to enhance liquidity on Jet Fixed and create a more robust and efficient marketplace, benefiting both Jet Protocol's growth and the overall user experience.
To participate: app.jetprotocol.io
Retroactive Governance Rewards
A one-time retroactive airdrop will be made to users who took part in Asset Onboarding proposals prior to April 30, 2023. It is estimated that there were 19 such proposals.
To see all the proposals: https://govern.jetassociation.org
To read the entire Liquidity Incentive Program and its details, follow the link.
OKX Ecosystem Week & OKX Wallet on Jet Protocol
During the last week of July, Jet Protocol participated in the Twitter Space event titled "OKX Wallet x Solana." This event marks an exciting development as Jet users can now utilize OKX Wallet within Jet Margin. The integration of OKX Wallet opens up new possibilities for multiple users to access Jet's products through this wallet.
The Twitter Space event featured numerous participants from various protocols in the Solana space. They discussed a range of topics, including the impact of OKX Wallet on the overall ecosystem.
With this collaboration, Jet Protocol aims to enhance user experience and extend its services to a broader audience, fostering a more connected and dynamic Solana community.
For those who missed the talk, a recording of the event is available for listening at the following link: OKX Wallet x Solana.
Pyth Network x Jet Protocol
Pyth Network has been the provider of price feeds since Jet's inception, and on behalf of the new product launch 'Jet Fixed,' Pyth, together with Jet, has released a blog about Jet's new product, its impact on DeFi, and how Pyth provides accurate data for its precise functioning.
Read the full article at the following link: “Jet Launches DeFi's First Fixed Rate Lending with Pyth”
Jet Fixed: How it works - Demo now available on video!
From now on, you can visualize Jet Fixed and its utility through a video with explanatory audio for a smoother experience. The video covers everything from how to connect your preferred wallet to Jet Margin, fund your account, and start using Jet Fixed. It is aimed at all users, especially those who are beginning their DeFi journey. Watch the video and discover more!
Watch the full video: Here
Asset Onboarding Application - $BAT (Basic Attention Token)
At the end of July, the team at Brave proposed to the JetDAO community, through the forum, the onboarding of their utility token $BAT as an asset for trading, lending, and borrowing on the Jet Protocol. As of this publication, the proposal is in the On-Chain stage, where $JET stakers can vote in favor or against it.
Remember that to cast your vote, you should connect your wallet on the JetDAO governance portal and stake at least 1 $JET token.
Read the full proposal.
To vote: Governance Portal
Key Dates
📆 Friday 08/30 – Community Call #16 - the subject will be shared soon.
📆 Friday 08/10 - Last day to cast your vote in the On-Chain $BAT poll.
Links
Jet Protocol dApp: https://app.jetprotocol.io/
To discuss & Propose: Jet Forum
To see proposals & Vote: Governance App
JetDAO Website: jetdao.fi
JetDAO Twitter: @JetDAOGov