This service has been discontinued
• Closed October 2024
Jet Protocol
Decentralized Fixed-Rate Lending and Borrowing on Solana
Why It Closed
Acquired by Blueprint Finance in October 2024; front-end services shut down in early 2024, technology rebranded as Glow protocol.
Founded
2021
Total Funding
$11.6M
Employees
5-20
🏢 Company Overview
Headquarters
Greenwich, United States
CEO
Wil Barnes
Founder
Wil Barnes, James Moreau
Funding Stage
Seed
Total Funding
$11.6M
Pricing
Free
No
ℹ️ About Jet Protocol
Jet Protocol is an open-source, non-custodial DeFi lending and borrowing platform built natively on Solana blockchain.
⚡ Key Features
Fixed-rate fixed-term on-chain order book lending
Composable cross-margin accounts for capital efficiency
Smart-routing leveraged swap trading via DEXs
Variable-rate pooled lending and borrowing markets
Pyth Network oracle-powered real-time price feeds
DAO-governed protocol parameters and collateral onboarding
💪 Strengths & Weaknesses
4 Pros
3 Cons
💪
Strengths
What it does well
Pioneer fixed-rate DeFi lending
Solana-native low-cost transactions
Fully open-source audited codebase
Composable margin account system
⚠️
Weaknesses
Areas to improve
Front-end services discontinued 2024
Limited asset pair availability
Acquired and rebranded post-shutdown
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🔗 External Resources
🌍 Available In
7 countries
United States
United Kingdom
Germany
Singapore
Canada
Australia
Japan
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