Jupiter has released Lend v2 for Solana. This allows both provided and borrowed assets earn DEX Trading Fees while they are used to lend positions.
Jupiter launched Lend V2 on Solana 10th August, with two optional features that allow assets to be used as decentralized liquid exchange while in the lending position.
According to a shared press release CryptoPotatoJupiter announced that Lend V2 is the only lending protocol available on Solana in which borrowed assets are eligible to be traded for fees. This upgrade includes Smart Collateral as well as Smart Debt. Lifetime Profit and Loss, or PnL over time, provides a detailed record of the profits and losses of each trade.
Get paid in three ways with Collateral
Smart Collateral is a protocol that allows users to deposit an asset such as USDC or USDT and automatically create a pair of liquidity. A deposit that is eligible for earning lending yield, trading commissions and native staking rewards can come from a single position.
Smart Debt allows borrowed assets to also act as DEX liquid. Trading fees generated by debt positions are offset as traders trade through these pools. The mechanics for borrowing and paying remain the same.
“There’s been a wall between the two primary ways people earn APY onchain, lending and LPing. Lend v2 brings down that wall by letting users opt-in to letting their liquidity work as both Lending and AMM liquidity at the same time,” Kashdhanda, the Chief Operating Officer of Jupiter.
The two features are completely optional. The DEX is not required for users who want to continue lending traditional assets.
All Positions Tracked for Lifetime
Users can see the total cost and profit of a given position over time, including borrowing costs, trading fees, as well as lending yield.
Jupiter offers swaps, permanents and lending through Solana. Its mission is to build the entire financial ecosystem in-chain, while maximising capital efficiency throughout the network.
You might also enjoy:
JupSOL is Jupiter’s liquid stake token. It had a total locked value of $396.0 Million on August 10. according DefiLlama. On that same day, the perpetual futures platform of the company held an additional $702.6million.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cryptopotato.com
