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.