Introducing The Jet Association and The Collateral Onboarding Proposal Framework
Jet is pleased to welcome more flight routes to the tarmac after a successful 2021. After several months of Jet Protocol V1 working well with the initial set of collateral types, it’s time to begin the process of ushering in new collateral types to be (potentially) added as via governance.
To support the development of Jet Protocol’s on-chain governance we are excited to announce the The Jet Association. The Jet Association is a non-profit entity in Switzerland. Expect a more in-depth post about the function and philosophy of The Jet Association soon!
An important first flight for the Jet DAO is the Collateral Onboarding Guide (“The Guide”). This Guide has been authored by an early Jet DAO contributor who goes by the name of Dante. The Guide sets out a framework for assessing the risk of potential collateral types (new tokens) to be added to the protocol in order to onboard new tokens effectively. The Jet DAO is a community, and that community will need time and a process to discuss new collateral types. The Guide is a first version of this process, and will include discussions in the Jet Forum, polling of the community, and JET token-based voting through the Jet Governance Portal.
This collateral onboarding framework ensures that only objectively and appropriate tokens are used for collateral within the Jet Protocol.
A template for the application to onboard new collateral is available for submitting a new collateral type for consideration.
We look forward to this maiden voyage of decentralized governance with the community, and welcome you to join us and follow along!
Disclaimer: The statements, proposals, and details contained above are informational only, and subject to change. We are in early stage development and may need to change dates, details, or the project as a whole based on the protocol, team, legal or regulatory needs, or due to developments of Solana.
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