Jupiter Launches Jupiter Lend In Private Beta On Solana, Plans Phased Protocol Rollout
In Brief
Jupiter, a Solana-based DEX aggregator, has launched its Jupiter Lend money market in Private Beta with phased feature expansion and a Public Launch set for later this month offering partner incentives.
Solana-based decentralized exchange (DEX) aggregator Jupiter has announced the launch of its money market on Solana, known as Jupiter Lend, in a Private Beta phase. The waitlist is now open, and the Public Launch which will include incentives from over 10 partners is scheduled to take place later this month.
Jupiter Lend is intended to provide an improved experience for borrowers and a more straightforward process for lenders. Borrowers will have access to loan-to-value ratios (LTVs) of up to 95% with minimal liquidation penalties, along with isolated risk and the ability to repay loans from any wallet via a simple link. Lenders will be able to use one-click vaults featuring automated optimization of annual percentage yield, or APY.
Initially, the Private Beta will operate with borrowing caps to maintain a smaller market size. One audit has been completed, with three additional audits currently in progress which is the reason for starting with a borrowing cap of $1 million per vault. The growth rate is intentionally being kept slow to prioritize user safety, as gathering feedback is essential before expanding access.
The Private Beta will also begin with a reduced selection of assets. For testing purposes, the platform will launch with only six vaults and a limited set of assets. Over time, additional assets and vaults will be introduced every few days based on feedback from users. By the Public Launch planned for later in August, the offering is expected to include a significantly larger range of assets and numerous vaults.
Feature availability in the Private Beta will likewise be limited at the start. The initial focus will be on ultra-simple Earn vaults where deposits are automatically allocated to achieve the highest APY within the platform and borrow vaults where deposits are made with isolated risk assigned to each vault. Additional features such as Multiply, custom strategy vaults, and other advanced tools will be introduced after the Public Launch.
Full Public Launch To Deliver Expanded Vaults, Enhanced Security, And New Features With Partner Incentives
During the full Public Launch, the platform is expected to expand with additional offerings and features becoming available. This stage will introduce a wider range of vaults supporting more assets, the completion of three additional security audits, and the launch of Multiply vaults designed for enhanced functionality. Incentives from over ten partner organizations will be made available, and an upcoming, currently undisclosed feature intended to simplify the user experience will also be introduced. Those who have already registered for the waitlist can access the platform at jup.ag/lend.
Jupiter is a DEX aggregator built on the Solana blockchain. Instead of operating its own liquidity pools, it connects to numerous Solana-based DEXes and automated market makers (AMMs) to find and execute the most efficient swap routes. Its routing engine splits trades across multiple platforms when necessary, minimizing slippage and securing the best available price for users.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
