jlp

Jupiter Lend announced that the borrowing limit for JLP/JupUSD has been increased from 25 million USD to 40 million USD, adding 15 million USD in capacity available for use.

Perena founder Anna posted on platform X that its USD, USD-J, and USD*-P products were not affected by the Drift incident, but the JLP vault managed by Trade Neutral was impacted due to operating on the Drift protocol vault. The team will communicate promptly after receiving updates from partners.

In the DeFi protocol Drift theft incident, the loss of JLP positions is approximately $155.6 million. In response, Jupiter officials stated that the platform was not affected by this incident, its lending product Jupiter Lend was not involved in the Drift market, and that JLP assets are "fully backed by underlying assets."Jupiter also stated that this incident is a "difficult day" for the Solana DeFi ecosystem and expressed concern for the Drift team and affected users.According to previous news from ChainCatcher, the Solana ecosystem Drift Protocol was attacked, resulting in losses of at least $200 million.

ChainCatcher message, Jupiter posted on social media, "JLP liquidity pool TVL has exceeded 2 billion dollars."

ChainCatcher message, Jupiter announced on social media that it will soon stake up to $580 million of SOL from the JLP liquidity pool through a native staking mechanism. This move will enhance the overall yield of JLP and significantly increase the staking weight of Jupiter's validator nodes.

ChainCatcher message, Jupiter posted on platform X that a new idea was released today in Catstanbul, allowing users to deposit JLP and borrow USDC, which can increase the utilization of USDC and enhance the APY for JLP holders. Liquidation will occur through the redemption of JLP, releasing their collateral in the liquidity pool.

ChainCatcher news, according to Onchain Lens monitoring, 20 hours ago, a whale sold 906,792 JLP at an average price of $4.18, earning $3.79 million USDC.

ChainCatcher message, according to Onchain Lens monitoring, a newly created wallet withdrew 1.39 million USDT from Binance and purchased 328,608 $JLP tokens at an average price of $4.24.

ChainCatcher news, Jupiter co-founder meow discussed the future development direction of the Jupiter platform in an interview, with key points including:The previous focus of JLP was on enhancing liquidity and improving the order process. Recently, it has secured sufficient liquidity and improved data, and important updates are coming soon.The Jupiter mobile solution is still being iterated, not just to make it a mobile application, but to integrate the community, including features like voting and voting notifications.Tokens should meet three key principles: the integrity of the token, the reflection of the token's value, and alignment of goals.