Crypto Lending Platform Jet Relaunches with Fixed-Rate Loans, Bucking Variable-Rate Trend

06/22 19:15

June 23 (Huobi) - Jet, a crypto lending platform based on Solana, is relaunching with fixed-rate loans, a departure from the variable rate products offered by most of its competitors. Jet's order book design allows borrowers and lenders to set their own terms, including interest rates and payback timelines based on market conditions. Founder James Moreau believes that Jet's fixed-rate product will appeal to a niche of DAOs and on-chain organizations with large, dormant treasuries. While Jet's own performance metrics have fallen from their late 2021 highs, Moreau is hopeful that the platform can attract traders of staked SOL engaged in maximal extractable value strategies.

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