BlockBeats News, May 23, Jupiter announced at the Solana Accelerate conference the launch of the lending protocol Jupiter Lend, which will collaborate with the Ethereum-based liquidity protocol Fluid. The protocol is designed with a 90% Loan-to-Value ratio (LTV) and a dynamic risk isolation mechanism, significantly higher than the industry average of 75%. The platform is expected to launch this summer and has currently opened a waitlist. Jupiter plans to first launch a savings protocol and an insurance pool protocol, and encourages developers to build additional features on top of its platform.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.