JetDAO July Update
Stay Updated with Jet Protocol's latest news!
Welcome to the July - Update Newsletter, where you'll find all the updates about Jet Protocol.
We're now in the third week since the launch of Jet Fixed, and the protocol has already started receiving its first transactions. Jet’s new product is live on Mainnet and currently in the beta phase, allowing users to identify and address potential bugs based on valuable community feedback.
For a quick introduction on how to use the protocol, head over to the dApp, where you'll find a helpful 4-step guide. If you're eager to expand your knowledge further, there's also a guide available for you. Additionally, remember that Jet Fixed underwent an audit by OtterSec, and you can access their reports for more details.
If you have any questions or need assistance, don't hesitate to visit the Jet Forum.
Visit the dApp
Visit the docs
Upcoming Community Call & AMA
JetDAO’s monthly Community Call: AMA: Pyth Network x Jet Protocol
Date: 07/12
Time: 17:00 UTC / 10:00 PST / 13:00 EST
Set a reminder and listen in the following link.
Jet Fixed Term on Coindesk
Last month, Coindesk, a leading portal for Cryptocurrencies and Blockchain, published an article announcing the launch of Jet Fixed Term on Mainnet. They provided a brief introduction to the protocol and its innovative new product.
Read the full article here: Solana-Based Crypto Lending Platform Jet Pivots to Fixed-Rate Lending
New Website & UI/UX: Introducing Jet's Website and App Enhancements
Get ready for a fantastic update!
Starting this July, Jet is undergoing a complete transformation, with both the website and the UX/UI of Jet application getting a fresh new look.
If you have any suggestions for improvements, feel free to share them on the forum, your feedback is valuable!
Liquidity Incentive Program (LIP) - Implementation
The Liquidity Incentive Program will arrive soon. The main takeaways and next steps are:
- The initiative includes a total of 137,700,946 JET from the DAO treasury, with 67,050,473 JET each for providers acting as lenders and borrowers, and 3,600,000 JET for governance participants.
- The program will run for 4 years and distribute rewards in 30-day epochs for liquidity mining and a one-time retroactive airdrop for governance rewards.
- Retroactive governance rewards are based on a user’s vote weight in Asset Onboarding proposals prior to March 31, 2023.
Don't miss out on being part of the Liquidity Incentive Program, stay up to date with the updates!
Links:
Jet Protocol dApp: https://app.jetprotocol.io/
To discuss & Propose: Jet Forum
To see proposals & Vote: Governance App
JetDAO Website: Link
JetDAO Twitter: @JetDAOGov