Blueprint Finance, developer of the DeFi infrastructure protocol Concrete Network, has acquired Jet Protocol, a developer of Solana-based DeFi products, for an undisclosed sum. Jet Protocol is a DeFi protocol built on the Solana blockchain that enables users to borrow against over-collateralized debt positions while offering yield through automated quantitative strategies

Blueprint Finance will expand onto Solana and Atlas blockchain platforms through this acquisition, building new features upon Jet's existing system. These include composable margin accounts, automated yield vaults, and staking markets.

Blueprint Finance is a blockchain technology development company that develops the Concrete Protocol, a network that powers on-chain debt and credit markets. The solution acts as a composable layer on top of Ethreum-based lending markets, allowing users to connect to their preferred money markets, manage loans, and lend their assets to earn yields via automated strategies. Moreover, Concrete leverages quantitative methodologies and smart contracts to calculate the probability of collateral depreciation over time and creates automated protection agreements to fund positions as they approach liquidation thresholds. Users can purchase protection from Concrete and access a fixed-term credit facility when their position approaches liquidation.