Jupiter launched Lend v2 on Solana on August 10, introducing Smart Collateral and Smart Debt, two features that let supplied and borrowed assets work as decentralized exchange liquidity while remaining in a lending position. It is the first lending protocol on Solana where borrowed assets can earn trading fees, which offset borrowing costs. Jupiter’s liquid staking token JupSOL held $396.0 million in total value locked on August 10, and its perpetual futures venue held $702.6 million on the same day.
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