JLP Lend allows users to lend and borrow crypto assets, primarily using the Jupiter Liquidity Provider (JLP) token as collateral. It integrates with Jupiter’s ecosystem, enabling users to borrow stablecoins like USDC against JLP tokens while continuing to earn yields from trading fees.
The JLP token is a diversified liquidity pool comprising cryptocurrencies (e.g., SOL, ETH, WBTC) and stablecoins (e.g., USDC, USDT). It serves as the liquidity backbone for Jupiter’s perpetual futures platform, earning holders 75% of trading fees.
How to Use JLP Lend
Here’s a step-by-step guide to getting started with JLP Lend:
- Set Up a Solana Wallet: Download a Solana-compatible wallet like JUPITER MOBILE
- Fund your wallet with SOL to cover transaction fees (Solana fees are typically under $0.01).
- Acquire JLP Tokens:Via Jupiter Swap: Visit jup.ag, connect your wallet, and use Jupiter’s DEX aggregator to purchase JLP tokens by swapping assets like SOL, USDC, or USDT or use Jupiter Mobile Native Swap.
- Deposit JLP into Jupiter Lend:Go to the JLP Lend section on jup.ag,Connect your wallet and deposit your JLP tokens as collateral.
- Choose to borrow assets like USDC (up to 86–90% LTV) or lend your JLP to earn fees from borrowing activity.
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