Thursday, November 21, 2024
Home > News > Bitcoin News > Crypto Lending Platform Jet, Based on Solana $SOL Blockchain, Pivots to Fixed-Rate Term Lending

Crypto Lending Platform Jet, Based on Solana $SOL Blockchain, Pivots to Fixed-Rate Term Lending

Even with less risk, Moreau said, Jet’s model faces some friction from big traders like market makers who have grown used to the flexibility of variable-rate products, where they can often pull their money at any time (assuming the utilization rate isn’t too high, of course). With a fixed-rate product their crypto is locked for the length of the contract.

Source