This is the final reminder to remove funds from v1.jetprotocol.io and app.jetprotocol.io - the app will be completely shut down on May 1st - any users with funds remaining after that date will not be able to access the app. Thank you jetprotocol.substack.com/p/u…
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All borrows have been halted and there are still positions on the protocol which must be paid back and withdrawn.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…
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.
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. 🚀
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.
Coming soon to Jet - LP into @orca_so with leverage while lending and borrowing from your Jet margin account.
- Provide liquidity to @orca_so pools, either concentrated or spread over the entire range.
- LP positions will also count towards your Jet collateral!
Check it out👇
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!
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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.
👇
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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…
Reminder that epoch 1 of the Jet Liquidity Incentive Program is underway!
x.com/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…