JetDAO 1.0.0
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Staking
We envision JET staking as the ultimate place for long term believers in the protocol. For that reason, we combined governance and staking into a single module -- To vote on DAO proposals, users must be staked in the JetGovern application.
Unbonding Period
Should a JET staker wish to unstake their tokens, they must initiate the unbonding period by choosing to unstake. The unbonding period duration is 29.5 days. During the unbonding period, staked JET will remain held in the insurance fund (described below) and will not accrue additional airdropped tokens, nor be available for voting on proposals. Additonally, all votes on active proposals will be rescinded if any JET are unstaked. If a user unstakes a portion of their JET after having voted on a currently-active proposal, they must re-vote with their remaining staked JET on those active proposals.
Tokens in the process of unbonding will be displayed as so in the JetGovern dashboard. Additionally, a countdown until the end of the unbonding period for each unstaked lot of JET will be displayed on the "Flight Logs" page. Flight Logs will show the countdown in days left until the final day. At that point, the exact time that unbonding completes is displayed on Flight Logs.
When the unbonding period for any lot of unstaked tokens ends, a "withdraw" button will appear on the dashboard near the "stake/unstake" buttons for that particular lot of tokens that have completed the unbonding period -- The user may then withdraw JET back to their wallet whenever they choose to do so.
If the user changes their mind and would like to restake before their JET is unbound and available for withdrawal, they may do so in the "Flight Logs" page at any time during the unbonding period. Restaking will re-enable rewards instantly, and users may again vote on proposals with that lot of JET.

Earn Protocol Fees by Staking

In the future it is possible that, pending governance approval, stakers might earn a chunk of protocol revenue.

Staked JET as a Primary Insurance Fund

Staked JET makes up the junior tranche of the Jet Insurance Fund, which backstops the protocol, protecting depositors against losses in the event of an incident. Subject to governance processes, the protocol treasury may also provide relief in these instances.
These funds could be mobilized via governance on issues such as: Code exploits which target total value locked or individual users funds Oracle or liquidation failures which cause bad debt to cause the system’s functionality to stop working
We envision that in the future, and subject to governance, only a portion of staked JET will enter the insurance fund, with the rest being actively managed by Jet DAO governance.
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