If you joined the waitlist of the JUPITER LEND,Smile - it's live now and you can access it here. This marks a significant step forward for Jupiter, handling over $1 billion in daily trading volume.
Let’s dive into what this means for borrowers, lenders, and the broader DeFi landscape!
What is Jupiter Lend?
Jupiter Lend is designed to revolutionize lending and borrowing on Solana, leveraging Fluid’s cutting-edge liquidity infrastructure. Announced at the Solana Accelerate conference earlier this year, this platform aims to bring advanced money market features to the network, building on Jupiter’s reputation for efficiency and user-friendly design. The private beta is now live for waitlisted users, with a public launch slated for later this month,complete with juicy incentives from over 10 partners!
Here’s what you need to know about this exciting development:
Better for Borrowers: Jupiter Lend offers up to 95% loan-to-value (LTV) ratios, significantly higher than the industry average of 75%. This means borrowers can access more liquidity with less collateral. Plus, it features minimal liquidation penalties, isolated risk per vault, and the convenience of repaying loans from any wallet using a simple link.
Simpler for Lenders: Lenders get one-click access to automated APY-optimized vaults, eliminating the hassle of managing positions or comparing rates manually.
Safety First Approach: The beta starts with a modest $1 million borrow cap per vault and a limited set of six vaults, backed by one completed audit and three more in progress. This cautious rollout prioritizes user safety and invites feedback to refine the platform before scaling up.
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