JET JET

1. Summary

Ranks

Liquidity

21

Developer

-

Social

69

Momentum (beta)

0

Stack Rank™

-

Price

$0.000987660000 0.0%

Market Cap

$154,330.00 (#4308)

Supply

156.26M / 1.70B

Tags

DeFi Solana Ecosystem Lending/Borrowing Paradigm Portfolio Alameda Research Portfolio DeFiance Capital Portfolio

More Metrics

Price
52W High price	$0.01
52W High date	5th Feb 2024 (5 months ago)
All Time High (ATH) Date	21st Oct 2021 (2 years ago)
ATH Price	$0.74
% From ATH	-99.85%
All Time Low (ATL) Date	17th Dec 2023 (7 months ago)
ATL Price	$0.000101020000
% From ATL	1004.18%

Supply & Trading Volume
Trading Volume (24h)	$49.00
Total Supply	1.70B
Max Supply	1.70B
Circulating Supply	156.26M

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Description

Overview of Jet Protocol

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Overview of Jet Protocol

Jet Protocol is a decentralized borrowing and lending protocol built on the Solana blockchain. It allows users to lend and borrow assets with fixed agreements on interest rates and loan durations. The protocol is designed for speed, power, and scalability, leveraging Solana’s advanced technology and low transaction costs.

Key Features

• Fixed Rate Borrowing and Lending: Jet Protocol’s Fixed Term application enables users to negotiate rates through a central limit order book (CLOB) with maker and taker orders. This allows for defining term structures for loans, addressing limitations in traditional lending pools and fixed debt markets.
• Variable Rate Lending: The protocol also supports variable pooled lending with state-of-the-art interest rate curve design.
• Flexible Margin Accounts: Users can deposit collateral into margin accounts, enabling activities such as leverage trading, hedging, and delta-neutral strategy execution.
• Security and Audits: The protocol has undergone thorough audits by leading auditors to ensure the safety and security of user experiences.

Functionality

• Orderbook Structure: Lenders can act as makers by offering loans at specific rates, while borrowers can act as takers by borrowing at those rates. Requests and offers are processed in rate and time-in-book order, ensuring efficient and secure transactions.
• Term Deposit and Loan Creation: When a loan request or offer is filled, term deposits and loans are created in the lender’s and borrower’s margin accounts, respectively, recording loan details, including maturity dates.
• Liquidation and Account Health: Loans with maturity dates in the past are subject to liquidation by the margin program and liquidator, ensuring timely repayment.
• Origination Fee: A fee of 50 basis points annualized is added to the borrowed amount.

Use Cases

• Efficient Trading: Jet Protocol supports tight collateral ratios, dynamic pricing, and cross-chain modules for equalizing interest rates.
• Decentralized Governance: The JET governance token ensures decentralized consensus and security.
• Developer Tools: The protocol offers resources and guides for developers to build on and integrate with Jet Protocol.

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