Depositing xStocks into Jupiter Lend stacks 4 wins at once:
1. Earn xPoints faster than holding
2. Earn a rewards APY of up to 2%
3. Borrow stables for as low as 0.51% (current JupUSD rate)
4. A 10% higher liquidation threshold than other platforms
Unlock liquidity while you earn rewards.
Jupiter Lend, the best place for your xStocks.
Hey everyone,
I wanted to give a quick update since it’s been a long time since I’ve spoken publicly about the @solincinerator.
Although at one point I was more of the public-facing side of the project, over the last year I’ve been largely uninvolved in the day-to-day operations.
I simply haven’t had the bandwidth to give the project the level of attention it deserves, and because of that I’ve formally stepped back into an advisor role.
That being said, this really doesn’t change anything about the project.
@SlugDaddi, @yokedupfungi, and @cpr_mp4 have already been leading it across business development, marketing, partnerships, strategy, and overall direction for quite some time now.
On top of that, all of the original developers remain involved and continue building behind the scenes (the real firepower).
I mainly wanted to make this post because I felt it was important to highlight and publicly acknowledge the people who continue to grow and carry the project.
They’re the reason it keeps moving forward.
In the last few days:
• Our new Ethena Market grew to $500M
• Our popular USDe vault was maxed out ($250M in USDG borrow)
• Jupiter Lend passed $2B in Total Market Size
And it's only the second week of May.
USDe’s native yield just increased to 4% on @jup_lend.
This means you can now currently loop your USDe for >30% APY.
One of the most popular loops on the platform, with over $100M in deposits so far.
We just onboarded a multi-billion-dollar crypto asset manager to deploy an institutional-grade lending market.
@Bitwise is now curating an @ethena market on Jupiter Lend.
A turning point for on-chain lending 👇
A new $20,000 campaign is now live on Jupiter Rewards Hub.
Earn lootboxes by depositing xStocks on @jup_lend, on top of the xPoints you earn already.
Here’s how 👇
Hey guys, we have some unfortunate news:
X is winding down Community Groups on May 30th.
We are making preparations for how to best engage with all of you going forward.
We highly recommend joining the Telegram as another way to receive updates: https://t.co/j9kOjAFPwd