Overview

• Incentives began accruing immediately across more than 40 Earn, Borrow and Multiply vaults, adding APYs on both sides of the market.
• Users can post JUP as collateral to borrow stablecoins and other supported assets without selling their holdings.
• Built with 0xFluid, the system uses isolated vaults and a Pyth-powered liquidation engine, offers higher LTVs and vendor-claimed sharply lower liquidation penalties, and plans mobile alerts for positions nearing liquidation.
• Security measures include completed audits by Zenith256 and Offside Labs, additional reviews in progress, and plans to open-source the code and launch a bug bounty.
• JUP gained about 7% intraday after the announcement, signaling a positive short-term market reaction.