Jupiter, a DeFi application on Solana, has launched the public beta of its new lending platform, Jupiter Lend. The project was developed in partnership with Fluid, a company known for building lending markets on Ethereum.
The security of the platform has been reviewed through two independent audits by Zenith and Offside Labs, with three additional audits in progress. Jupiter plans to open-source the code and introduce a bug bounty program once reviews are complete.
The platform includes more than 40 vaults and offers over $2 million in incentives from Jupiter, Fluid, and ecosystem partners. Within the first 24 hours, the total value locked on Jupiter Lend exceeded $500 million, placing it among the fastest-growing money markets in decentralized finance.
Jupiter Lend allows users to deposit assets for yield, borrow against collateral, or use leverage. The system combines isolated vaults with Fluid’s liquidation engine, which reduces penalties compared to standard DeFi practices. It also supports cross-wallet management, enabling users to top up collateral or repay loans from different wallets.
At launch, the platform supports a range of assets, including wrapped Bitcoin, liquid staking tokens, stablecoins, and Jupiter’s own token, JUP. Holders of JUP can use it as collateral to borrow USDC.
Image: Freepik
