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The Composers #9 - Jet Protocol

Welcome to The Composers, Serum's new podcast series based on our weekly Twitter Spaces. Who is composing with Serum to deliver the next generation of decentralized finance (DeFi) services? Jet is a lending protocol built on the Solana blockchain with a focus on innovative lending products and cross-chain interest rate arbitrage. A Jet user can borrow against over-collateralized debt positions, and may incur debt up to governance mandated debt ratios. If the value of a user’s deposited collateral falls under the specified ratio, their position is able to be liquidated by external actors, such as traders or any users who can call the smart contract. In addition to lending, Jet will introduce interest rate product secondary markets on Serum and facilitate ongoing community-driven lending product R&D. Learn more about Serum: https://linktr.ee/projectserum Learn more about Jet: https://www.jetprotocol.io/