🟦The team behind the Solana-based DEX aggregator Jupiter has announced the launch of its lending platform, Jupiter Lend, in partnership with Fluid — a project from the Ethereum ecosystem. The new service will allow users to deposit and borrow in a single click at competitive rates, offering a high loan-to-value (LTV) ratio of up to 90%, thanks to a risk-isolation and liquidation mechanism.
🟦With a minimal fee of 0.1% and plans to expand functionality, Jupiter is making a significant move into the DeFi lending sector. The shift from swaps and derivatives to borrowing solutions highlights the project’s commitment to building composable financial tools. Following the launch, the JUP token surged by 12.1%, strengthening Jupiter’s market position.