JetDAO June Update
New month, new launch!
June has arrived, bringing with it the mainnet launch of Jet Fixed Term.
The engineers at Jet Protocol have been working intensively on Fixed Term, the newest product available from Jet. Arriving in the middle of the month after much anticipation, the mainnet launch will finally take place. Although this new update is currently undergoing a process of elimination for possible bugs, it is still available to users given its availability on the mainnet.
But what does it mean for Jet Fixed Term to be on the mainnet?
Being on the mainnet exhibits a significant milestone for Jet Fixed Term; product development and testing phases have been completed and Fixed Rate is now deployed on the Solana Blockchain.
Audited by OtterSec, Jet Fixed Term offers enhanced stability, security, and reliability. The broader community can now join and experience the benefits of Jet Fixed Term, exploring its functionalities and potentially contributing to its growth and improvement.
Overall, the mainnet launch of Jet Fixed Term marks an important step forward in its journey, providing users with a more robust and accessible platform for their fixed-term DeFi needs.
If you encounter any bugs or have concerns about the app, please share your comments on the forum! Remember, never share your seed phrase with anyone to keep your assets safe.
The website offers a 4-step guide for a quick introduction on how to use the protocol. If you wish to expand your knowledge, you can refer to the guide! or use Discord to ask questions.
In case you missed the last Community Call, please follow this link and listen to it again.
Link to the dApp: https://app.jetprotocol.io/
Liquidity Incentive Program (LIP)
The Liquidity Incentive Program will start soon. The main takeaways and next steps are:
- The program will begin with the release of Jet’s Fixed-term Lending Markets on Mainnet.
- 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.
Upcoming Community Call
JetDAO is taking a break from a Community Call this month, but it’ll be back in July- be sure to tune in for updates!
JetDAO’s monthly Community Call #015 - TBA
Key Dates
📆 Wednesday 07/26 – Community Call #15 - TBA
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