Learn how to use Jupiter Lend on Solana: Earn vaults with auto-routing, high-LTV isolated Borrow vaults, and Multiply leverage loops. Built with Fluid, powered by Pyth oracles, Public Beta with 40+ vaults and incentives. Step-by-step onboarding and FAQs.
About Jupiter Lend
Jupiter Lend is a lending and borrowing protocol on Solana that lets you earn interest on deposits, borrow against crypto collateral, and create leveraged “loop” positions in a single interface. It sits alongside the well-known Jupiter swap aggregator, but focuses specifically on money-market use cases for traders, DeFi users, and long-term holders who want to put assets to work without leaving the Solana ecosystem.
Jupiter Lend launched in Public Beta after weeks of testing and audits, and was built together with Fluid, a team known for money-market infrastructure. From day one it went live with 40+ vaults and incentives funded by Jupiter, Fluid and partners. The protocol uses isolated vaults and an advanced liquidation engine, with prices sourced by Pyth oracles, to aim for higher loan-to-value (LTV) ceilings and lower liquidation penalties than traditional pooled designs.
For passive users, Earn vaults automatically route deposits across the protocol to seek the best rate available, so you don’t have to micromanage pools. For active users, Borrow vaults provide per-asset dashboards with supply/borrow rates, your LTV, and safety thresholds. And for advanced strategies, Multiply vaults execute leverage “loops” (deposit → borrow → re-deposit) in a single, automated flow using flash-loan style mechanics designed by the Fluid team.
Assets available at launch include widely used stablecoins (USDC, USDT, EURC, USDG, USDS), wrapped Bitcoin assets (cbBTC, xBTC, WBTC), liquid staking tokens (JupSOL, JitoSOL), and community favorites like JLP. JUP can also be deposited as collateral to borrow USDC while maintaining exposure. APYs vary over time with market activity, and positions are non-custodial—you approve each transaction from your wallet.
Important: Earn vault funds are not collateral for borrowing. Withdrawals from Earn are subject to a withdrawable limit (up to ~10% of a vault’s total at any one time) for protocol safety. There are no lockups—you can withdraw within the available limit at any time.
What makes Jupiter Lend special?
Isolated vaults: Risk is contained by asset, so unusual behavior in one vault does not automatically impact others. That’s easier for borrowers to reason about and simpler for lenders who prefer predictable exposures.
Precision liquidations and borrower-friendly parameters: The protocol emphasizes safety mechanics that allow higher LTVs with lower penalties, using granular liquidation logic rather than blunt, high-penalty sweeps. In volatile markets this can materially reduce the cost of being wrong on timing.
Earn automation without the “pool chase”: Instead of manually hopping between pools, Earn auto-routes deposits to the best opportunities within the protocol, helping passive users stay productive.
Multiply flows that are actually accessible: Leverage loops usually take multiple transactions and careful math. Lend wraps it in a single guided flow, showing the max multiplier and expected net APY, so you can evaluate before you execute.
Infrastructure pedigree: Lend is built with Fluid (a team with years of money-market experience) and launched after two audits and broad stress testing, then moved to Public Beta with 40+ vaults and $2M+ in incentives from Jupiter, Fluid, and partners—clear signals of a serious, long-term product effort.
Oracle quality: Integration with Pyth Network brings fast, high-fidelity pricing for collateral and borrow assets on Solana.
Pricing
Discover the pricing options available for Jupiter Lend
Free
Jupiter Lend is a variable-rate money market. Costs and earnings come from:
Earn: You receive an APY that fluctuates with borrowing demand in the protocol. There are no lockups; withdrawals are limited to a per-vault withdrawable limit for safety.
Borrow: You pay a borrow APR that changes over time. Your maximum size depends on the vault LTV and liquidation threshold.
Network fees: You pay Solana transaction fees when supplying, borrowing, looping, or withdrawing.
How to get started
Getting started takes just a few steps. No complex setup is required, and everything runs on Solana.
1
Open Jupiter Lend
2 minutes
Easy
Go to the Lend interface and choose a tab—Earn, Borrow, or Multiply—based on your goal.
2
Connect a Solana wallet
2 minutes
Easy
Connect a supported Solana wallet and confirm the connection in your wallet app.
3
Fund your wallet with SOL
2 minutes
Easy
Ensure you hold a small amount of SOL for network fees. If you plan to deposit or use a specific asset (e.g., USDC, SOL, JupSOL), have it available in the wallet.
4
Pick a vault and set amounts
2 minutes
Easy
For Earn, click a vault row (e.g., USDC, SOL, USDT), enter the amount, and Deposit. Your position card will display Deposited, Earnings, and Expected APY.
For Borrow, select a collateral vault, Deposit your collateral, then Borrow the asset you need. Watch your LTV and liquidation threshold in the vault header.
For Multiply, choose a loop from the list (it shows max multiplier and max net APY), then follow the guided flow to open the position.
5
Monitor and manage
2 minutes
Easy
Track your position from the same page. For Earn, you can Withdraw at any time up to the withdrawable limit. For Borrow and Multiply, you can add collateral, repay, or close positions at any time by approving transactions in your wallet.
Pro Tips
Tip 1
Always keep a small amount of SOL for fees in your wallet so deposits, borrows, and withdrawals can confirm without interruption.
Frequently Asked Questions
Get answers to the most common questions about this tool
What’s the difference between Earn, Borrow, and Multiply?
Earn is for passive depositors—your funds are auto-routed to seek the best APY across the protocol.
Borrow lets you use one asset as collateral to borrow another, with clear LTV and thresholds per vault.
Multiply automates leverage loops to increase exposure or APY in a single flow, using the same risk controls and oracles as Borrow.
Are there lockups on Earn?
There are no lockups. However, for safety and liquidity management, Earn withdrawals are subject to a withdrawable limit (up to roughly 10% of a vault’s total at any given moment).
What assets are supported?
At launch, Jupiter Lend includes major stables (USDC, USDT, EURC, USDG, USDS), BTC wrappers (cbBTC, xBTC, WBTC), liquid staking tokens (JupSOL, JitoSOL), and community assets like JLP. JUP can be posted as collateral to borrow USDC. More assets are added over time based on community feedback.
What makes the liquidation system “borrower-friendly”?
The protocol uses isolated vaults, Pyth oracles, and a high-precision liquidation engine (built with Fluid). This design aims for higher usable LTV and lower liquidation penalties than typical money markets, so collateral goes further with reduced downside during volatility.
Can I use Earn deposits as collateral to borrow?
No. Funds deposited in Earn are not collateral-eligible. If you want to borrow or use Multiply, deposit collateral directly in a Borrow vault for that asset.
