USDC: First Off-Chain Community Vote for Asset Onboarding

Dear Readers:

In the spirit of continuing the USDC onboarding process, we are pleased to share the first result of the off-chain voting and a summary of the community discussion for this asset. Along with this, a summary of the CODEC evaluation that the USDC asset has received from the Governance Committee is provided below.

We invite Jet Token holders to cast their vote in the on-chain poll for USDC. The information below has been curated to support Jet Token holders’ decision making on this application.

The next step for onboarding USDC to Jet Protocol is on-chain voting, where to participate you will need to have at least 1 staked Jet Token on our governance platform.

On-chain voting for USDC will occur at https://govern.jetassociation.org/ starting Wednesday, May 25th. This on-chain vote will run for 7 days.

Thank you for your patience, participation, and feedback on this process so far!

[Summary of the Assessment] - $USDC-SPL USD Coin

The following summary exposes the key points from the USDC-SPL collateral onboarding domain evaluation criteria. Click this link for the full version of the asset’s application.

The full evaluation summary can be found here.

Overall, the Jet Governance Committee endorses USDC-SPL to move forward with an On-Chain vote :white_check_mark:

Community Vote Summary:

With 100% positive votes for the acquisition of USDC as collateral in Jet, the proposal has resulted in: Yes.

Community Discussion Summary:

At the same time, the comments from users in the posting have reflected great enthusiasm and motivation to continue having this asset on the platform.

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