Borrow on Jupiter Lend lets you unlock liquidity without selling your assets.
You can deposit tokens like SOL, mSOL, or JitoSOL as collateral, and borrow another asset, usually a stablecoin such as USDC or USDT.
This means you can keep exposure to your high-conviction tokens while using the borrowed funds to trade, invest, or earn yield elsewhere.
Core features
Collateralized Loans - Every loan is overcollateralized, your deposited assets must be worth more than what you borrow. Each collateral type has its own Loan-to-Value (LTV) ratio that determines your borrowing limit.
Dynamic interest rates - Borrow rates automatically adjust based on demand.
- When many users borrow from a pool, rates rise to protect liquidity.
- When demand is lower, rates fall, keeping borrowing efficient and fair.
Smart liquidation system - If your collateral value drops, your position’s health factor decreases.
- When it falls below the liquidation threshold (LT), Jup Lend automatically liquidates just enough collateral to restore safety, not the entire position. This minimizes risk and protects users during market volatility.
→ Note: Liquidations are partial, not total. Only what’s required to restore your position is sold.
Example:
You deposit 10 SOL worth $2,000 into a vault.
If the LTV for SOL is 75%, you can safely borrow up to $1,500 USDC.
Your position remains healthy as long as your health factor stays above 1.0.
If SOL’s price falls and your health factor drops below 1.0, a small portion of your SOL will be sold to repay part of your debt and bring the position back to safety.
→ Tip: Always monitor your health factor, you can view it directly in the Jup Lend interface.
Net APY
Your Net APY shows your true return after factoring in both:
- Interest earned on your supplied collateral (if applicable)
- Interest paid on your borrowed assets
It’s especially relevant when using Multiply, since it helps you evaluate whether your leveraged position remains profitable after borrowing costs.
Example:
You deposit $1,000 of SOL and borrow $500 USDC to reinvest.
If the yield on your SOL outpaces the interest on your borrowed funds, your Net APY stays positive, meaning your strategy is profitable.
Vault strategies
Jup Lend makes advanced actions simple.
You can deposit, borrow, repay, or swap in a single transaction using strategy flows.
This design helps you manage your position more efficiently, fewer clicks, fewer risks, more control.
Less steps, more control: adjust leverage or rebalance your vault without complex multi-step operations.
Why use Borrow
Borrowing on Jup Lend gives you flexibility and control over your on-chain capital:
- Unlock liquidity without selling your tokens
- Keep exposure to assets you believe in
- Use borrowed funds to trade, farm, or diversify
- Repay anytime - no lockups or penalties
- Enjoy minimal-impact, automatic liquidations
- Transparent parameters and real-time monitoring