What Is Jupiter Lend?
Jupiter Lend is a decentralized lending and borrowing platform built within the Jupiter ecosystem on Solana. Jupiter Lend extends Jupiter’s role beyond swaps and aggregation into capital markets so that Solana users can put idle assets to work by earning interest through collateralized borrowing.
How Jupiter Lend Works
Users deposit supported assets into Jupiter Lend pools and start earning yield immediately. These deposited funds are made available to borrowers who lock collateral to take loans. Jupiter Lend adjusts the interest rates dynamically based on supply and demand. This ensures efficient capital allocation while maintaining stability for the DeFi protocol.
Earn
For depositors who are interested in earning yield from their crypto assets, the Earn section is where to go.
Scroll and locate the token to deposit (USDC in this case), input the amount to deposit, and approve the transaction.
Borrow Assets
The next section after “Earn” is the “Borrow” page. Users must deposit supported assets into Jupiter Lend pools before they can withdraw funds from the protocol. Ecosystem tokens are usually the base tokens supplied to borrow tokens, such as stablecoins or SOL.
In the example below, I deposited 0.1 SOL so that I can borrow another token from the protocol.
Click on the token pair of your choice, and this page, where you can adjust deposits or withdraw from the current deposit, will be displayed. This is also where to Borrow and Repay the other asset in the pair.
I clicked on Borrow to borrow $10 USDC. (Please note that you should not burn, trade, or transfer your jlTokens, or you will not be able to withdraw your position. This is what Jupiter uses to keep track of onchain events.
Multiply
Multiply lets you use leverage to gain more exposure and amplify yields on your assets. When you open a position using Multiply, assets are borrowed against your collateral and then converted into the collateral asset until your desired leverage is reached. But this also means that the risk of getting liquidated is increased. In the example below, I used the SOL as collateral for the leverage trade. Carefully look at the right side of the page to look at the safety of the trade so as not to get liquidated (The liquidated price is shown underneath for any level of leverage used).
Deep Liquidity Through Jupiter
What makes Jupiter Lend stand out is its native integration with Jupiter’s routing and liquidity infrastructure. Borrowers can swap borrowed assets across the best available routes, while lenders benefit from optimized liquidity flow across Solana’s entire DeFi ecosystem.
Use Cases
Jupiter Lend supports a wide range of strategies, from passive income generation to leveraged trading and liquidity provisioning. Users can borrow against long-term holdings and also rebalance their portfolios without selling assets or amplifying exposure to specific tokens.
Conclusion
Jupiter Lend turns Jupiter from a trading hub into a full-spectrum DeFi platform with the help of Fluid protocol. By combining lending and borrowing with the best-in-class liquidity routing, it offers a capital-efficient way to manage assets on Solana.
