October 5, 2022

September Update

It has been all things governance at Jet in September, with the engine load increasing and finding the right attitude. Jet has seen a lot of community engagement, more asset onboarding requests from projects, and more participants voting on-chain.

Jet is actively listening to the community and continuing to build, and the results speak for themselves. So let’s go ahead and delve into the detail.



Asset Onboarding Applications
During the month of September, four Asset Onboarding processes were carried out on the Jet Forum. This led to two new listed assets on Jet Protocol. They include:

-$ORCA, the governance token of the Orca Protocol, a DEX built on Solana.

Link to voting portal for results

-$stSOL, a liquid staking token that is redeemable for SOL that has been staked with Lido Finance. Lido is considered one of the largest protocols in terms of digital asset staking volume across different blockchains.

Link to voting portal for results

These two assets have been proposed as collateral and the community has voted positively on both, this means that Jet Protocol users can now interact with the assets on the platform performing deposits and taking loans against their assets.

Nearing the end of September, two new Asset Onboarding proposals have been posted on the forum. These include:

-$FTT Wormhole, an SPL token minted when a $FTT token from another chain is bridged to the Solana Blockchain using Portal bridge.

-$scnSOL, a liquid staking token issued by Socean Finance. Socean Finance is, together with Lido Finance, considered key participants of the staking services on Solana.

The forum remains open to new Asset Onboarding proposals so that any member of the community, or from outside, can post an asset as a collateral asset. You can do that here on the Jet Protocol Forum.

In addition to the Asset Onboarding processes, some interesting discussion topics have been opened such as:

-Thoughts on airdrops and liquidity mining: A discussion brought by the community to discuss preferences around liquidity mining on the protocol. This means, including users when deciding and listening to their opinions on how they think the protocol should execute the rewards and incentives going forward. You can read more on the forum thread here.

-Wallet Adapter Onboarding Governance Discussion: This discussion proposed by a member of the community, refers to the processes that Jet Protocol could use when defining which digital wallets can be included in the protocol and which cannot. You can read more on the forum thread here.