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Description

Jet is an innovative decentralized borrowing and lending protocol designed for high efficiency, power, and scalability on the Solana blockchain. Our mission is to inject momentum into the DeFi revolution, empowering users through our protocol. The native token of the protocol will enhance established governance models, leaning towards increased community involvement and ownership. A central tenet of this governance-first strategy is to cultivate an inclusive community dedicated to the research, design, and creation of valuable lending solutions. Users of Jet can take out loans against over-collateralized debt positions, allowing them to incur debt up to limits set by governance. Should the value of a user’s collateral dip below the established threshold, their position can be liquidated by external parties, including traders or any users authorized to interact with the smart contract. Furthermore, Jet plans to launch secondary markets for interest rate products on Serum, while also fostering continuous community-led research and development of lending products. This focus on innovation ensures that Jet remains at the forefront of the evolving DeFi landscape.

Description

Sovryn is committed to maintaining high security standards through regular audits by multiple auditors and a robust bug bounty program. In addition, the platform plans to introduce more secure oracles to enhance decentralization further. To safeguard against the risks of undercollateralized loans, an insurance fund is maintained, to which 10% of interest generated is contributed. Upholding one of the core tenets of decentralized finance, Sovryn emphasizes interoperability and the creation of open-source code. Users can transact seamlessly using bitcoin directly from their wallets, eliminating any friction in the process. All transactions are processed on the bitcoin blockchain through the RSK bitcoin sidechain. As a decentralized margin trading platform, Sovryn does not require any KYC or AML verification, allowing users to retain their pseudonymity. This system empowers individuals to lend and trade without the need to entrust their keys to a centralized entity. With a focus on user autonomy, Sovryn ensures that your keys, coins, and control remain exclusively in your hands. Borrowers on the platform leverage their bitcoin to establish margin trading positions, effectively borrowing bitcoin from lenders to amplify their trading potential. Through this structure, Sovryn facilitates a dynamic and user-centric trading environment.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Bitcoin No 
BitcoinOS No 
MathWallet Yes 
Phantom Yes 
Rootstock No 
Solana Yes 
Solflare Yes 
Solong Yes 

Integrations

Bitcoin Yes 
BitcoinOS Yes 
MathWallet No 
Phantom No 
Rootstock Yes 
Solana No 
Solflare No 
Solong No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Jet Protocol

Founded

2020

Website

www.jetprotocol.io

Vendor Details

Company Name

Sovryn

Founded

2020

Website

www.sovryn.app/

Product Features

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