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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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Jupiter will launch the lending protocol Jupiter Lend on Solana.
According to Mars Finance, on May 23, Jupiter announced the launch of the lending protocol Jupiter Lend at the Solana Accelerate conference, which will collaborate with the original Ethereum-based liquidity protocol Fluid for development. The protocol features a loan-to-value (LTV) ratio of 90% and a dynamic risk isolation mechanism, significantly higher than the industry average of 75%. The platform is expected to launch this summer and is currently open for a waitlist. Jupiter plans to initially launch the deposit protocol and vault protocol, and encourages developers to build extended functionalities based on its platform.