JetDAO April Update

Jet DAO’s monthly Community Call #013 - Fixed Rate Debt Markets

The launch of Jet Fixed Term on Mainnet is fast approaching with each day. That is why with the end of the month approaching, JetDAO hosted Jet developers on the #013 Community Call.

The discussion remained on the missing to-do tasks before mainnet deployment, as well as the liquidity incentive program implementation and the retroactive-governance rewards program.

In case you missed the call, please follow this link and listen to it again.

To learn more about Jet Fixed Term you can read the guide!

Liquidity Incentive Program (LIP): The implementation

The DAO has spoken. The on-chain poll to implement the Liquidity Incentive Program (LIP) has concluded. The results were, with 76% and 1.4M $JET tokens, in favor of the proposal

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, with rewards distributed on June 1, 2023.

Asset Onboarding

$BONK

The on-chain proposal to onboard $BONK as an asset for trading, lending & borrowing has concluded, with 97% and 2.04M $JET tokens, in favor of the proposal.

$wBTC

The On-Chain proposal to onboard $wBTC as an asset for trading, lending & borrowing has concluded, with 100% and 2M $JET tokens, in favor of the proposal.

In case you want to review the entire proposals, use this links: $BONK , $wBTC

Note: The assets will be fully onboarded once the integration of Orca Whirlpools is finalized.

Updates - JetDAO on StableLab DAOMeter

The DAO’s decentralization rating system created by StableLab provided an analysis on JetDAO and shared with the community the results of the DAOMeter.

Check the full evaluation on this link.

Upcoming Community Call

JetDAO’s monthly Community Call #014 - TBA

Key Dates

📆 Friday 05/24 – Community Call #14 - the subject will be shared soon.

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