Solana lending protocol Jupiter introduces dual-earning opportunities

The new features aim to enhance yields for depositors and reduce borrowing costs by allowing assets to generate income from loans while also capturing trading fees. Jupiter, which operates Solana's largest swap router, stated that the router does not favor its own liquidity pools. The design is intentionally limited to correlated pairs, such as stablecoins against each other and SOL against its staked versions, to mitigate risks associated with volatile asset depegging.

According to data, Jupiter Lend holds approximately $1.9 billion in deposits and generated about $1.6 million in fees over the past 30 days. Active loans currently stand at $822.7 million. Jupiter's chief operating officer, Kash Dhanda, noted that the design allows the protocol to offer higher deposit rates and cheaper borrowing, with terms improving as vaults attract more trading activity.