Jupiter Lend, a prominent money market protocol built on the Solana blockchain, has officially raised its borrowing limit from $25 million to $40 million. This strategic enhancement allows users to borrow up to 85% of their collateral's value and enables looping JLP at a maximum annual percentage rate of 33.4%. The move signals growing confidence in Solana's DeFi ecosystem, which recently saw its total value locked (TVL) surpass $5 billion according to DeFi Llama.
Key features of the updated borrowing policy include: a higher ceiling from $25M to $40M, the ability to borrow up to 85% of collateral value, and a capped JLP loop APR of 33.4%. This update makes Jupiter Lend more competitive among Solana lending platforms like Solend and Marginfi, while its integration with the Jupiter DEX aggregator provides a unique edge.
In a related development, the Jupiter Litterbox Trust—a dedicated treasury entity within Jupiter's governance structure—purchased an additional 356,021 JUP tokens, bringing its total holdings to 114,226,466 JUP. This month alone, the trust has accumulated 10,123,216 JUP, funded by 50% of Jupiter's protocol revenue over a two-year period. This revenue-backed accumulation mechanism reduces the circulating supply of JUP over time and aligns protocol incentives with token holders.
