Jet Protocol Announces $4.8 Million Seed Round
We’ve just received word from the ground crew — we’re cleared for take off!
Jet Protocol started off as a no-brainer idea — every blockchain needs a decentralized borrowing and lending protocol. There was no clear platform already built, and usable, on Solana at the start of this year. The more we discussed the concept, the bigger the opportunity seemed to innovate on a core borrowing and lending blockchain primitive within the Solana ecosystem.
If done right, a deeply liquid borrowing and lending protocol could deliver value to not only individual users of Jet Protocol, but to many projects within the Solana ecosystem that wish to integrate borrowing and lending with their own protocol. What’s more, Jet Protocol will evolve to become a community driven, decentralized organization owned and managed by users and participants in this bleeding edge DeFi ecosystem.
The Ground Crew
We are fortunate to have some of the best possible VC’s and angel investors step up to support Jet Protocol’s inception. We’re grateful to utilize their deep experience and resources in cryptocurrency and traditional financial markets to help Jet Protocol scale through liquidity provisioning, community building, governance engagement and more. We appreciate them for their guidance as we formulate a path forward from idea to product.
Our Venture Capital Investors:
MGNR- mgnr is a systematic proprietary trading firm that uses innovative quantitative research and rigorous engineering. They have deep domain expertise across the cryptocurrency space and are supportive seed / early stage investors in the DeFi space.
Sino Global Capital- Sino Global Capital views blockchain technology as the most fundamental transformation since the Internet. They invest in decentralized technologies that have a strategic connection to the mainland Chinese market. Their current investment interests include DeFi, NFTs, and DAOs.
CMS Holdings- CMS is a principal investment firm focused on making investments across the cryptoasset ecosystem. They look to deploy capital in liquid and illiquid crypto tokens, as well as, equity stakes in selective companies.
Alameda Research- Alameda Research was founded in October 2017. They manage billions in digital assets — all major coins and altcoins, as well as their derivatives. They have a full-scale global operation with the ability to trade on all major exchanges and markets.
ParaFi Capital- ParaFi invests in digital assets that address tangible use cases, demonstrate signs of product-market fit, and exhibit compelling cryptoeconomic models. They use fundamental analysis to select investments based on thorough, institutional due diligence, examining token valuation, technical protocol level research, on-chain data analytics, and active engagement with management and developer teams.
Robot Ventures- Robot Ventures is a (pre-)seed investor in fintech / crypto companies with big ambitions and contrarian worldviews. Supporting founders with industry-defining economic design, and unmatched experience.
Defiance Capital- DeFiance Capital is a Decentralized Finance (DeFi) focused cryptoasset fund that combines fundamental research with an activist investment approach. Their focus on DeFi is intricately intertwined with their thesis on DeFi: As software ate the world over the last decade, DeFi will eat traditional finance during the next decade.
Kenetic Capital- Kenetic is a proprietary trading and VC investment firm focused on digital assets and blockchain related companies. They have developed technology to facilitate their quantitative trading strategies and offer various digital asset related structured products to counterparts.
Stablenode- Stablenode is founded by Doo Wan Nam and Gustav Arentoft who are long-term members of MakerDAO with a focus on growing DeFi in various networks.
Our Angel Investors:
Meltem Demirors- Meltem is Chief Strategy Officer of CoinShares, the leading digital asset manager, and a cryptocurrency investor, advisor, and advocate, with a unique blend of experience in both legacy & blockchain-based finance and cryptocurrencies.
John Fiorelli- John Fiorelli is the Founder of Myelin, an advisory firm supporting blockchain companies in product-market fit, ecosystem development, business development, and token economics. John currently serves as Regional Partner of Kenetic’s investment arm with a focus on early-stage token and equity investments.
Mason Borda- Mason is the CEO and co-founder of Tokensoft. He started his career at technology companies such as Boeing, SSL, and Broadcom. Mason entered the digital asset space in 2013, designing and building the infrastructure for a dollar-based blockchain. 2014 saw Mason co-founded payroll automation company Payroll Integrations, whose clients today comprise 14% of the US 401(k) market. In 2016, he built the first commercially viable custody solution on the Ethereum network.
Aya Kantorovich- Aya has spent the last few years scaling FinTech companies and currently drives Strategy and Business Operations at FalconX. Aya has worked intimately with over 60 portfolio companies prior to joining FalconX to expand adoption in the ecosystem.
Jed Breed- Jed is a Partner at Arena Capital, a crypto venture capital and proprietary trading firm. Previously, he was Head of Digital Assets at Circle where he was the crypto subject matter expert and product leader responsible for all digital assets/listings at Circle & Poloniex.
Tegan Kline- Tegan Kline, Co-Founder and Business Lead at Edge & Node (the team behind The Graph), helping to ensure a vibrant decentrlized future. Tegan is working on The Graph, an indexing and query protocol organizing the world’s open blockchain data and making open data a public good. Tegan helps leaders and innovators connect more deeply with stakeholders across the blockchain ecosystem.
Please stay tuned for updates on our Solana Season Hackathon participation, Solana Devnet release and testing and ways to get involved in early governance opportunities!
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.
Get In Touch
🌐 Visit us at JetProtocol.io 🌐
📩 Email us at hello[at]JetProtocol[dot]io 📩
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