Jupiter: Will explore allowing users to deposit JLP and borrow USDC

2025-01-25 17:47:33
Collection

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.

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