Jet Protocol Is Now Live On Mainnet!
On Wednesday October, 6, 2021, Jet Protocol, founded by Wil Barnes (CEO) and James Moreau (COO), launched their Alpha product on mainnet, offering an improved cross-margining borrowing & lending experience to the Solana ecosystem.
Jet Protocol was inspired by the rising tides of DeFi Summer in 2020 and the proven models of borrowing and lending markets. These markets were shown to be integral base-layers to any other financial products on blockchains such as Ethereum and other EVM chains. When the founders assessed the market in early 2021, they saw several projects taking up the challenge, but felt most were missing the mark. Drawing from prior experience at Maker, MetaMask, and ConsenSys, they started implementing what they believe to be the modern lending DAO.