Jupiter Lend v2 Links Lending Returns to Trading Fees

Jupiter rolled out Lend V2 on Monday, a redesign of its Solana lending product that lets a single deposit earn interest as a loan and a cut of trading fees at the same time.

Jupiter Lend currently holds about $1.9Bn in deposits and generated $1.6 million in fees over the past 30 days, roughly 1% annualized on the capital before any split with the protocol, according to DefiLlama data cited in the announcement.

Active loans on the platform stand at $822.7M, a figure that has swung between $600M and $900M since September. Both deposits and loans have slipped over the past month, which is the backdrop Jupiter is trying to reverse with this upgrade.

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How Smart Collateral and Smart Debt Actually Work

The new version introduces two optional features. Smart Collateral automatically pairs a deposit of USDC, USDT, SOL or JupSOL into a correlated liquidity pool, so the asset earns lending yield on top of trading fees and, where relevant, staking rewards, all from one position.

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