June 23 (Cointime) - Solana-based crypto lending platform Jet is relaunching with a fixed-rate lending model, departing from the variable rate products offered by most crypto rivals. Jet's new order book design allows borrowers and lenders to set their own terms, including interest rates and payback timelines, with rates determined by a market-based mechanism. Founder James Moreau emphasizes that the interest rates are not artificially derived, but instead entirely market-based.

While Jet's fixed-rate model may face friction from big traders accustomed to the flexibility of variable-rate products, Moreau hopes to appeal to a niche of on-chain organizations with large treasuries and traders of staked SOL engaged in maximal extractable value strategies.