Jupiter's new Lend v2 product lets users earn double on deposits and borrowed assets. The Solana lending giant now routes deposited and borrowed capital into trading liquidity pools, tying higher returns to Jupiter's router sending enough swap flow to these vaults.
Jupiter Lend holds $1.9 billion in deposits and generated $1.6 million in fees last month. That's roughly 1% a year on the capital.
The desk's read: Jupiter is trying to capture more value from its router's volume. But it introduces a subtle risk: users are trusting Jupiter's routing to not favor its own pools, despite the obvious incentive. If the router *does* favor its own vaults, users might not get the best swap prices elsewhere, even as Lend v2 offers higher yields. The conflict of interest is clear.
$SOL needs to reclaim 76.26 (EMA20) to show strength. Otherwise, we test 75.58.
$SOL $JUP
Jupiter Lend holds $1.9 billion in deposits and generated $1.6 million in fees last month. That's roughly 1% a year on the capital.
The desk's read: Jupiter is trying to capture more value from its router's volume. But it introduces a subtle risk: users are trusting Jupiter's routing to not favor its own pools, despite the obvious incentive. If the router *does* favor its own vaults, users might not get the best swap prices elsewhere, even as Lend v2 offers higher yields. The conflict of interest is clear.
$SOL needs to reclaim 76.26 (EMA20) to show strength. Otherwise, we test 75.58.
$SOL $JUP