We’re thrilled to announce the strategic acquisition of Jet Protocol. This move brings our suite of novel on-chain financial primitives to Solana and Atlas, marking a significant step towards building a full-stack product suite across any chain and execution environment.

A New Future for Jet

Previously, Jet played a key role as an early money market in the Solana ecosystem with a robust product suite and had the backing of Paradigm, Parafi, and Robot Ventures. This acquisition allows us to leverage Jet's existing infrastructure to accelerate the development and deployment of a new money market with a slew of new features such as:

• Composable Margin Accounts: Unlock the full capital efficiency of your assets through composable leverage, allowing you to trade across all of Solana DeFi.

• Automated Yield Recipes: seamlessly deposit in a variety of strategies to maximize your yield.

• [redacted]: the central liquidity hub for restaked assets.

Full-Stack DeFi

The assets acquired from Jet will power the foundation for a brand new money market protocol on Solana and Atlas. We’re also delighted to bring a handful of amazing OG Jet core contributors to join the team to bring this new vision to life.

This new protocol, along with Concrete, will service the full-stack of debt and credit to power the best yields for users across chains.

This liquidity hub paves the way for the next generation of DeFi.

What's Next?

We’ll be unveiling more about Jet’s glow up soon.

Stay tuned for updates on the new protocol as well as Concrete on X and on Mirror.