To anyone with funds on the protocol, please read:
With a heavy heart I shared this last week on the @JetProtocol forum and to our investors, but am sharing it more broadly now on social channels.
tl;dr - Jet Protocol is shutting down - take any and all funds off of app.jetprotocol.io and v1.jetprotocol.io bu February 1st, 2024.
All borrows have been halted and there are still positions on the protocol which must be paid back and withdrawn.
If you have any issues withdrawing or questions, my DM's are open.
Thank you all
forum.jetprotocol.io/t/commu…
Pyth's continuous price updates are the backbone of Jet Protocol, safeguarding assets and mitigating risk.
🌐✨ Trust the oracle that keeps Jet safe.
The oracle keeps Jet informed about the ever-changing prices of both SOL and WBTC, ensuring that the protocol is always calculating an accurate risk assessment of positions opened by users of the protocol.
Pyth provides a continuous real-time price feed for every listed asset, such as SOL, MSOL, USDC, and WBTC. 🔄💰 Listing new asset types on Jet requires a Pyth oracle before that asset can be used for collateral and lending, borrowing, and swapping.
Jet, the leading protocol for fixed term asset lending and borrowing, takes risk management seriously. That's why @PythNetwork, the most trusted oracle on Solana, plays a crucial role in maintaining protocol stability. 🚀
Jet Protocol retweeted
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1) Collateralize your Jet margin account with $USDC -
Earn variable interest
2) Borrow $SOL at fixed rate on @JetProtocol
3) Stake $SOL on @jito_labs - Earn $SOL staking yield
4) Lend $jitoSOL on @marginfi - Earn variable interest
+ earn points
Arbitrage opportunity spotted:
Jet Pools available USDC lending for (variable) 1.81%, while Jet Fixed has ~15,200 USDC in borrow requests available for 2.17% sitting on the Fixed Rate order book
Easily borrow from Pools and lend to Fixed Rate users from your Jet Margin Account!
Jet Protocol retweeted
The On-Chain voting for $BAT (@AttentionToken) has started today and will run for the next seven days on the @JetProtocol Governance portal.
Remember, in order to vote, you need to have at least $JET staked.
To vote: govern.jetassociation.org/#/
Full proposal: forum.jetprotocol.io/t/asset…
Replying to @PythNetwork
@PythNetwork has been the provider of price feeds since Jet’s inception, and on behalf of the new product launch, we’re sharing this blog for you to read and learn more about Jet Fixed and Pyth!
On-chain lending is just taking off 🛫
@JetProtocol has left stealth mode to reveal a new product 🪄
Introducing: Fixed Rate—a first-of-its-kind marketplace for negotiating rates on an order book, made possible with #Pyth data 🔮
Learn more about Fixed Rate in the 🧵👇
2/
It is aimed at all users, especially those who are beginning their DeFi journey!
Watch the video: tinyurl.com/25vnaeae
1/
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.
👇
Jet Protocol retweeted
💪 We're big supporters of the Solana Ecosystem & the projects that build on @solana.
🙏 Thank you to the 1st round of Solana projects that support the #OKXWallet
@RaydiumProtocol
@marginfi
@JetProtocol
@JupiterExchange
@MeteoraAG
@AuroryProject
@DeFi_Land
@cypher_protocol
Jet Protocol retweeted
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A new asset onboarding proposal has been posted in the Jet Forum to include $BAT (@AttentionToken) as an asset to trade, borrow and lend in Jet Protocol.
Read the full proposal 👉forum.jetprotocol.io/t/asset…
If you missed today's @OKX_Ventures Twitter Space featuring Jet Protocol's James Moreau, you can listen in here! xitter.cf/i/spaces/1nAJEraolRVxL
DeFi is f***ing #Fixed
Learn more about fixed rate by reading here: tinyurl.com/fixedDocs
Reminder that epoch 1 of the Jet Liquidity Incentive Program is underway!
xitter.cf/JetProtocol/status/168…
Check the open borrow and lend orders on each fixed rate market here to scope out the other participants in the LIP! cockpit.jetprotocol.io/fixed…
Reminder – Jet’s Liquidity Incentive Program is live! xitter.cf/JetProtocol/status/168…
A brief summarization of how to earn from the LIP 👇
Jet Protocol retweeted
🙌 Ready for your #Solana Trip?
🎙️@gizmothegizzer - Solana Foundation
🎙️@hellochow - Meteora
🎙️@DFL_Willy - Defi Land
🎙️@0xINFRA - Raydium
🎙️@barrett_io - Cypher
🎙️@macbrennan - Marginfi
🎙️@jrmoreau - Jet Protocol
⏰ Today, 10am EST
Set your reminder 👉 xitter.cf/i/spaces/1nAJEraolRVxL












