The Solana blockchain system hosts three key projects: Jupiter, Jito, and Clearpool, offering advanced decentralized finance (DeFi) functionalities that enhance liquidity, staking, and institutional lending capabilities, thereby strengthening Solana's market position.
Jupiter: SOL-Based Debit Card for DeFi
Jupiter (JUP) operates as a Solana-based decentralized exchange aggregator allowing traders to use Limit Orders with Dollar-Cost Averaging and Perpetuals Trading features. The project, in collaboration with Sanctum, has released a debit card utilizing the SOL network for everyday spending, while JUP tokens enhance platform accessibility and transaction speed.
Jito: Enhancing Staking Rewards with MEV
Jito (JTO) introduces liquid staking with JitoSOL, enabling users to stake SOL tokens and earn Maximum Extractable Value (MEV) rewards. The governance token JTO empowers users to participate in decision-making concerning staking fees and treasury management.
Clearpool: Decentralized Institutional Lending
Clearpool (CPOOL) offers a decentralized capital market where institutions access unsecured loans from DeFi liquidity providers. Interest rates are determined by market dynamics, ensuring competitive borrowing costs, with CPOOL involved in governance to support a stable and scalable DeFi lending environment.
These three projects on the Solana blockchain provide diverse DeFi functionalities, expanding and enhancing the ecosystem. They strengthen Solana's market position by offering users more flexible and efficient tools for managing cryptocurrency assets and investments.
