Community Call #005 - Asset Onboarding Status Update - August 3rd 12pm EST / 4pm UTC
JetDAO is hosting our monthly community call 2022-08-03T16:00:00Z
We will host Jet Co-founder James Moreau @jrmoreau for a status update on the asset onboarding pipeline. We will discuss:
Hosted by Dante @dante
- Community Contributions to JetDAO
- Approved Asset Onboarding Applications
- Turbulent Asset Onboarding Applications; and lessons learned
- Community Q&A
The call is scheduled for Wednesday, August 3rd at 12pm EST / 4pm UTC. This call was delayed a week due to technical difficulties (we promise a flight attendant didn’t oversleep and delayed our flight).
New Streaming Platform: CrowdCast
Submit any Q&A questions on this thread, and our host will ask them during the call. Questions will also be taken live from the audience during the call.
provided by @insidetrader
Welcome to another edition of JetDAO Community Call Notes. This month’s call happened on the 3rd of August, with @jrmoreau as the participant and @Dante as the host.
The call consists of multiple sections in which we heard information about the new ‘’Jet DAO Asset Onboarding/Application’’ processes. In the first section, James told us about the previously onboarded assets, including WBTC, SOL, and USDC, and the mechanism behind their onboarding. Previously, these three asset applications were posted on the Jet Governance Forum by team members. By doing so, the on-chain governance mechanism is tested & the feedback from Jet users was collected. The first onboarded asset types are blue chips and stablecoins. In Jet Protocol V2, James told us that other types of crypto assets might be onboarded via governance as well. This will help Jet users to unlock the features of Solana DeFi.
After some basic explanation about the asset onboarding, James started another section that consists mostly of the details about how a new asset is to be onboarded to the Jet V2. Everything starts with the application form which can be found in the JetDAO GitBook. There are no restrictions neither for applied assets nor for the appliers. Even if you are not from the team of an asset that you’re applying for, it’s possible for you to submit the form. Besides that, there is no rule to hold any amount of $JET tokens to apply for. Anyone with bare hands with empty pockets can apply for the onboarding process. By doing so, the Jet team wishes to reveal the hidden feature of many assets created on the Solana chain. If you wish to see assets on Jet V2, you must clarify the exact benefits & features, first. So, it happens without monetary support.
From now on, James reminded us that anyone can request help from Discord or Governance Forum before and/or during the application process. Every Jet DAO contributor champ to see new assets so they’re keen to help. During the call, Norman Ives posted into chat that anyone who is interested in risk management may reach out to him, too. Join the Discord server here to start your Jet adventure.
Just before the call ended, James talked about the future improvements in the Jet roadmap. He said that one of the very first changes in the roadmaps will be about the onboarding process. When the DAO gets bigger and stronger, the team wishes to create ‘’working groups’’ for asset onboarding. These are passionate community members that are dedicated to finding better assets for the protocol. Bu doing so, member reputation will rocket within the community and it helps them for future interventions. And when we think about the processes cumulatively, the more they engage with different communities the easier the process will be. In the end, it results in a totally improved ecosystem! This is best for every Solana lover.
The call was all about the onboarding process! But within the sentences of James, you understand that the V2 launch is so so so close! He said ‘’it’s a matter of days!’’ Please expect to see the Jet V2 launch soon and stay with our community.