Jet Protocol

Jet Protocol

A borrowing and lending protocol built on Solana. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD37—56m (Dealroom.co estimates Nov 2021.)
United States (HQ)
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Jet Protocol is a cutting-edge startup operating in the decentralized finance (DeFi) sector, specifically focusing on lending and borrowing services. Built on the Solana blockchain, Jet Protocol offers an open-source, non-custodial liquidity protocol. This means that users can lend and borrow digital assets without relying on a central authority to manage their funds. Instead, the system operates through smart contracts, which are self-executing contracts with the terms directly written into code.

Jet Protocol serves a diverse range of clients, from individual crypto traders to institutional investors. The platform is designed to be highly efficient and flexible, catering to the needs of both retail and professional market participants. By leveraging the speed and low transaction costs of the Solana blockchain, Jet Protocol aims to provide a seamless and cost-effective experience for its users.

The market Jet Protocol operates in is the rapidly growing DeFi space, which seeks to recreate traditional financial systems like banks and exchanges using blockchain technology. This market is characterized by its high innovation rate and the potential for significant returns, but it also comes with higher risks compared to traditional finance.

Jet Protocol's business model revolves around providing decentralized lending and borrowing services. Users can deposit their digital assets into the platform and earn interest, or they can borrow assets by providing collateral. The interest rates are determined by market dynamics, ensuring that they reflect the current supply and demand for each asset. Additionally, Jet Protocol plans to introduce secondary markets for interest rate products on Serum, a decentralized exchange, further expanding its product offerings.

Revenue for Jet Protocol is generated through transaction fees and interest rate spreads. When users borrow assets, they pay interest, a portion of which goes to the platform. Similarly, when users lend assets, they earn interest, and the platform takes a small fee for facilitating the transaction.

In summary, Jet Protocol is a forward-thinking DeFi platform that offers decentralized lending and borrowing services on the Solana blockchain. It serves both individual and institutional clients, operates in the dynamic DeFi market, and generates revenue through transaction fees and interest rate spreads.

Keywords: DeFi, Solana, lending, borrowing, liquidity, blockchain, smart contracts, decentralized, interest rates, institutional investors.

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