Jupiter launched Lend v2, allowing the same funds to earn both lending interest and exchange fee sharing simultaneously

The Solana ecosystem lending protocol Jupiter launched Lend v2 on Monday, allowing deposit and borrowing positions to simultaneously act as trading liquidity, enabling users to earn lending interest and exchange fee sharing from the same funds.

This product introduces optional Smart Collateral and Smart Debt features, which automatically pair assets to correlated liquidity pools. When traders route exchanges through these pools, deposit users' yields can be enhanced, and borrowing costs can be offset.

In correlated pools, even if one stablecoin depegs, borrowers are still protected; however, collateral providers will bear the losses of any asset. Jupiter limits this design to stablecoin trading pairs and trading pairs composed of SOL and its staked versions to mitigate correlated risks.