Solana: the greatest comeback in crypto history.
0:00 The Intro
2:23 The Origin
5:10 The Rise
6:50 The Fall
9:19 The Phoenix
12:34 The Comeback
15:38 What It Means
the liquidity landscape on @solana is about to change.
this is a big deal for stablecoins and yield-bearing RWAs. lemme explain:
the problem: building stablecoin/RWA liquidity is extremely expensive (I know from experience with JupUSD). You need to pay MMs out the nose or you need to have many many millions on the balance sheet to deploy into traditional AMMs to get indexed by oracles. the former is hard to scale, the latter is capital inefficient.
the solution: Jupiter Lend v2 lets you use an LP position from the Lend AMM as collateral. Traders using Jupiter can swap through the LP, meaning you get both trading and lending fees via Smart Vaults (opt-in, ofc). Given that lending APY is usually 10x+ as high as trading fees APY on stables, this is an economic miracle for stablecoin issuers. the same liquidity just earns way more.
and the even cooler thing: issuers can also leverage loop their LP position and build up extremely deep liquidity for a fraction of the cost they would via MMs or incentive programs. again, speaking from experience, I can tell you this is a godsend. and given the number of asset issuers coming to Solana, this will get a bunch of usage.
this is great for Jupiter Lend borrowers, since more stablecoin issuers using the Lend AMM = deeper liquidity = bigger borrows at more stable rates.
this is great for Jupiter Lend depositors, since there is now a structural borrower (asset issuers) to ensure consistent borrow demand on the platform (giving more consistently high APYs)
this is great for Solana because now every asset issuer can get better economics, deeper liquidity, and can deliver a better UX for their holders. this is a competitive advantage for issuers to use Solana vs other other chains.
this is great for Solana users because now you will get tighter spreads for stables and yield bearing RWAs.
and remember the best part: it’s not just stablecoins!
this same mechanic can work for anyone creating an RWA that increases its price on a fixed schedule (like syrupUSDC).
even if the RWA or stablecoin isn’t available as collateral within Lend, the issuer earns lending APY on the other half of the LP (normally stablecoins like USDC or USDT). so it still makes economic sense for them to migrate from traditional AMMs to Jupiter Lend’s AMM.
Jupiter Lend is now the best place for asset issuers to bootstrap liquidity. And the number of asset issuers onchain is growing exponentially.
position yourselves accordingly.
Your liquidity already earns yield. Now it can earn trading fees too.
Introducing Jupiter Lend v2
Smart Vaults turn your loans into active DEX liquidity, unlocking new revenue to boost your collateral yield while pushing down your borrow cost.
Earn more, Pay Less, and Put your whole position to work.
Welcome to the next era of onchain lending 👇
reason #64 that @JupiterExchange will win:
we take user feedback more seriously than any other team.
- feedback campaigns with users (last one for our new spot and portfolio experiences got 1,000+ submissions!)
- dedicated power user feedback groups
- @jup_burst constantly monitoring the timeline
- AI powered dashboards collecting feedback across different channels and delivering to product leads
- feedback widget built into every page of the website (bottom right)
- can yell at me directly anytime here on twitter
building things users want is way easier when you actually talk to them
Last Monday we launched Jupiter Gacha.
You've opened for more than 10M$+ worth of packs and 60K+ unique packs.
We've been very dedicated to make it a good product with a real new experience, any feedback is welcome :)
Still week 1, we will make it even better 🚀
Introducing Jupiter Gacha
Real graded Pokémon & One Piece cards, fully onchain.
Every pull is an authenticated slab, the same cards you chased as a kid, now tradeable on Jupiter.
You can pull cards worth multiples of what you paid AND earn up to $100,000 rewards while you do it.
Every Charizard, every grail, is one pull away from being gone. Someone's walking away with them. Better be you.
Catch 'em all on Jupiter.
Try the BETA today!
Get paid to wait using Jupiter 💸
Introducing Earn on Recurring.
Funds in your DCA orders no longer sit idle. They earn yield in Jupiter Lend until each buy fills.
> Fully automatic once enabled
> Live for USDC now
> Zero changes to how your DCA runs
For example: At current APY, a $25,000 DCA can earn you up to $1162 EXTRA yearly.
That's money your DCA was leaving on the table. Not anymore.
Turn it on today 👇
This is the first time I tried an onchain dapp that feels literally like a CEX
You can buy any token you want (no wrapped assets)
@sssionggg and the whole @JupiterExchange team cooked here! gg
You met Marie and heard the vision at CatLumpurr, now we begin our practice together.
The @artoftokimeki starts now. A global philosophy. A new kind of IP. A capital model built for a worldwide community.
@gumonchain The first step of many finally begins. Incredible push by the team to get it to this point. We will take it one step at a time to help the world understand what we are building here.
Will be a ton of fun!