jet-protocol logo download PNG or SVG

Information about jet-protocol

Jet Protocol is a borrowing and lending platform that will be launched on the Solana Blockchain. The platform, which is open source and non-custodial, allows users to deposit supported tokens and receive interest as an incentive. These deposits are pooled together and can be used by users who are seeking to take out a loan in supported tokens. The Protocol sets rules to govern ratios, supported tokens, and other needs, ensuring that individual users are not directly matched. We believe that borrowing and lending protocols are essential to decentralized finance ecosystems, and we have drawn inspiration and learnings from previous efforts on different Blockchains. Our decision to build on Solana is driven by its unparalleled speed and lower fees, enabling us to explore the full potential of on-chain decentralized finance lending. We anticipate that the platform will attract broader interest due to its more efficient trading, tighter collateral ratios, improved oracle data, and streamlined centralized exchange-like liquidations.

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