As one of the largest decentralized stock market collectors in the Solana block chain, Jupiter Lend, taking an important step, announced the new credit protocol. This innovation is explained to the public at the Solana Accelerate conference, while the protocol is expected to facilitate borrowing and asset management at the Solana ecosystem.
It attracts attention with its high guarantee ratio
The most prominent feature of Jupiter Lend is that the debt-receiving rates can be up to 90 percent. Considering that similar asset guaranteed credit platforms in the market are generally 75 percent, this rate is considered a remarkable level. Thus, it becomes possible for users to borrow more with less collateral.
While developing this loan protocol, Jupiter collaborated with Fluid, who produced innovative projects in the field of decentralized finance (defi). Fluid, Ethereum $2,568.74 He made his name known as a platform that was established on it and develops financial solutions.
User -friendly features and low fees
In order to increase the user experience of the new protocol, the features that allow easy deposits were added. In addition, the “Casual Protocol” service, which enables users to borrow at low wages, was announced. The commission rates to be implemented by the platform are expected to be low as 0.1 percent.
While these innovations aim to provide additional liquidity to the solana ecosystem, it is estimated that both individual users and institutions can make more flexible financial plans. This development has led to evaluations that it could increase the competition in the decentralized stock market environment.
Jupiter plays a strategic role for the ecosystem, as Solana manages about 95 percent of its decentralized stock market collector volume. The integration of such products into the solana chain may also be effective on the total trading volume and popularity of the platform.
Effects on the market and community response
Following the announcement, Jupiter’s own crypto presence increased a 12 percent increase in the price of the jup. Thus, it was observed that the market and investors reacted positively to the new loan protocol. According to defi sector experts, the decrease in borrowing costs may be advantageous especially for users in need of liquidity.
In a statement made by the Jupiter protocol: “Users will be able to reach more easily liquidity with low collateral and appropriate cost advantage.”
Developers said that Jupiter Lend would create more movement space for users, unlike other decentralized platforms. With the fast trading structure in Solana, the protocol is expected to work effectively.
Jupiter’s collaboration with Fluid was interpreted that it can set an example for new partnership models in the sector by bringing together the technology in two different block chains. In addition, it is estimated that the decentralized financial practices in Solana will increase with the launch of such a protocol.
Jupiter’s new loan protocol diversifies borrowing options in Solana ecosystem, while aiming to offer various advantages such as flexibility and user -friendly solutions in access to liquidity. Highly keeping debt-to-receiving rates and low level of transaction fees can allow new users to withdraw and to use the platform more effectively. The powerful market share of the platform in Solana and new collaborations have the potential to have long -term positive effects on the ecosystem.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
