Jupiter Launches Lending Protocol on Solana With Fluid

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Well, well, well! It seems Jupiter has decided to throw a grand shindig in the lending world, and they’ve brought along their fancy partner, Fluid—an innovator in the DeFi realm, originally hailing from the land of Ethereum. Who knew lending could be so social? 🤝

“Fluid leads in DeFi solutions,” proclaimed Kash Dhanda, as if he were announcing the arrival of a new circus act. “Now they’re applying that edge on Solana.” Because, you know, why not spread the joy of lending like butter on hot toast? 🥖

Now, let me take you back to 2021, when Jupiter was just a twinkle in a developer’s eye, a fellow who goes by the charming moniker “Meow.” Since then, this little venture has blossomed into a heavyweight in Solana’s DeFi ecosystem. In fact, nearly 95% of all DEX aggregation on Solana is funneled through Jupiter. Talk about a monopoly! 🎩

New Lending Protocol Targets Power Users

Now, this newfangled lending feature is aimed squarely at those high-flying traders and investors who think they can outsmart the market. Jupiter Lend is offering loan-to-value ratios that would make your head spin—up to 90%! Most platforms are still stuck in the 75% stone age. 🏦

But wait, there’s more! This system boasts its own liquidation engine and dynamic risk controls. It’s like having a safety net made of gold while you juggle flaming torches. This setup isolates risk and boosts capital efficiency, whatever that means! 🔥

“You’re no longer limited to just trading,” Dhanda added, probably with a twinkle in his eye. “Borrowing and lending now fit right into the same flow.” Because who doesn’t want their financial dealings to flow like a river? 🌊

JUP Token Gains As Expansion Announced

And lo and behold, following this grand announcement, JUP, Jupiter’s native token, decided to take a little leap of faith, surging over 12% to a whopping $0.58. It’s like watching a toddler take their first steps—adorable and slightly terrifying! 🚀

Earlier in 2024, Jupiter had already distributed a staggering 700 million JUP tokens, valued then at about $580 million. That followed a 2023 airdrop of nearly a billion tokens. It’s raining tokens, hallelujah! ☔

With this bold move, Jupiter is not just playing the trading game; they’re aiming to anchor every major piece of the DeFi stack on Solana. It’s a bold new world, folks, and Jupiter is leading the charge! 🌍

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2025-05-23 02:36