Jupiter Rolls Out Lend v2 on Solana, Enabling Borrowed Assets to Generate DEX Fee Income
AI Market Summary
Jupiter's Lend v2 launch on Solana adds optional Smart Collateral and Smart Debt features that route borrowed assets into DEX liquidity to earn trading fees, improving capital efficiency and potentially supporting on-chain liquidity. The addition of Lifetime PnL increases position transparency for borrowers and lenders. Reported scale in JupSOL TVL and perp open interest highlights active usage, making Solana DeFi and related liquidity conditions the most directly impacted.
Impact level
● Medium
Affected assets
SOL/USDT-0.66%
AI Insight · SOL/USDTAI Insight
▲ Bullish
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Aug. 10 — Jupiter launched Lend v2 on Solana, adding two optional features, Smart Collateral and Smart Debt. The upgrades allow borrowed assets to be deployed as decentralized exchange liquidity during the loan term, generating trading fees while positions remain open. The protocol also introduced Lifetime PnL, which tracks cumulative profit and loss for each position.
On the same day, JupSOL total value locked reached $396 million, while open interest on its perpetuals platform stood at $702.6 million.
