Jupiter has announced the launch of the public beta of its decentralized platform Jupiter Lend, bringing an advanced lending system to the Solana blockchain.
Overview of Jupiter Lend
The Jupiter Lend platform is now live for users, offering over 40 assets and a $2 million incentive program. The launch came after extensive testing, audits, and community feedback.
Platform Features
Jupiter Lend is designed to simplify lending and borrowing processes. The platform has significantly increased borrowing limits and offers users high loan-to-value ratios as well as lower liquidation penalties. Lend also enables users to effectively earn from their assets by redeploying them.
Tokens and Supported Assets
The platform expects to support various tokens, including USDC from Circle, USDT from Tether, and others such as cbBTC and WBTC. The introduction of unique features like fast borrowing and token swapping within the protocol will provide users with additional opportunities.
With the launch of Jupiter Lend on Solana, users will be able to optimize their financial operations by leveraging the advantages of decentralized lending and a wide array of supported assets.
