Jupiter Lend Launches with 90% LTV—JUP Token Jumps 14%

Jupiter, a top decentralized exchange (DEX) aggregator on the Solana blockchain, is expanding its ecosystem with the upcoming release...

Quick overview

  • Jupiter, a leading DEX aggregator on Solana, is set to launch Jupiter Lend, a DeFi lending platform, this summer with a loan-to-value ratio of up to 90%.
  • The platform will feature low lending fees starting at 0.1% and will be powered by Fluid for its liquidity infrastructure.
  • Jupiter Lend will include a Lending Protocol for easy liquidity access and a Vault Protocol for competitive loan rates.
  • The announcement has already led to a 14% increase in the JUP token price, indicating strong market interest and potential growth.

Jupiter, a top decentralized exchange (DEX) aggregator on the Solana blockchain, is expanding its ecosystem with the upcoming release of Jupiter Lend, a DeFi lending platform this summer. The big feature is the loan-to-value (LTV) ratio of up to 90%, way higher than the 75% average on most crypto lending platforms. This means more borrowing power for users, making Jupiter Lend a great option for crypto investors looking to use their capital more efficiently.

The platform will keep fees minimal with lending costs as low as 0.1%. That’s competitive pricing in the DeFi lending space.

Partnership and Features

Jupiter Lend is built with Fluid, a well-known liquidity infrastructure provider. Fluid will power the liquidity layer of the platform for lending and borrowing.

The platform will launch with two protocols:

  • Lending Protocol: One-click deposits for easy access to liquidity.

  • Vault Protocol: Loans at competitive rates with flexible terms.

Jupiter Lend is fully composable so other devs and projects can integrate and build on top of it.

Registration is open for early users but no launch date announced yet.

JUP Token’s Big Rally

Jupiter Lend news triggered a 14% jump in Jupiter’s native token JUP and broke above the $0.60 resistance. That’s a big recovery from the April low of $0.30.

JUP Price Chart - Source: Tradingview
JUP Price Chart – Source: Tradingview

Key metrics are looking bullish:

  • RSI (Relative Strength Index): Above 66, almost overbought.

  • MACD (Moving Average Convergence Divergence): Just turned bullish.

  • 20-day EMA: JUP is above this moving average.

Investors and traders see Jupiter Lend’s launch as a major growth driver and will increase the protocol’s utility and adoption on the Solana network.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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