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\n\t\t\t\t\t\t\t\t\tJupiter has launched Lend v2 on Solana, allowing both supplied and borrowed assets to earn DEX trading fees while being used in lending positions.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Jupiter launched Lend v2 on Solana on August 10, introducing two opt-in features that let supplied and borrowed assets work as decentralized exchange liquidity while they sit in a lending position.<\/p>\n
As per a press release shared with CryptoPotato<\/em>, Jupiter said Lend v2 is the first lending protocol on Solana where borrowed assets can earn trading fees, and the upgrade adds Smart Collateral and Smart Debt, alongside Lifetime PnL, a record of what each position has earned or cost over its life.<\/p>\n With Smart Collateral, a user deposits a single supported asset, such as USDC, USDT, SOL, or JupSOL, and the protocol automatically composes it into a correlated liquidity pair. Eligible deposits can earn lending yield, trading fees, and, where applicable, native staking rewards from one position.<\/p>\n Smart Debt extends the model to borrowed assets by letting them also function as DEX liquidity. As traders swap through those pools, the trading fees a debt position generates offset borrowing costs, and the mechanics of borrowing and repaying stay the same.<\/p>\n \u201cThere\u2019s 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,\u201d said Kash Dhanda, COO of Jupiter.<\/p>\n<\/blockquote>\n Both features are entirely optional. Users who prefer traditional lending can keep supplying and borrowing assets without exposure to the DEX.<\/p>\n Lifetime PnL gives users a complete record of what a position has earned or cost over its lifetime, across lending yield, borrowing costs, and trading fees.<\/p>\n Jupiter runs swaps, perpetuals, and lending on Solana and describes its mission as building the full financial ecosystem on-chain while maximizing capital efficiency across the network.<\/p>\n JupSOL, one of the assets eligible for Smart Collateral, is Jupiter\u2019s liquid staking token and held $396.0 million in total value locked on August 10, according<\/a> to DefiLlama. The firm\u2019s perpetual futures venue held a further $702.6 million on the same day.<\/p>\nCollateral That Earns Three Ways<\/h2>\n
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Lifetime PnL Tracks Every Position<\/h2>\n
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