What is Refinance?
Refinance allows you to migrate your existing Multiply position from another supported protocol directly into Jupiter Lend, all in one seamless transaction.
This lets you move to better rates, higher efficiency, and Jupiter Lend’s advanced risk and liquidation systems without manually closing and reopening positions.
Instead of repaying loans and re-supplying collateral by hand, Refinance automates the entire process for you in a single guided flow.
Supported protocols & assets
Currently, you can use Refinance to transfer your multiply & leveraged positions from both Kamino and MarginFi.
Currently, Refinance supports migrations from:
- Kamino - Multiply positions:
- jupSOL / SOL
- JLP / USDC
- mSOL / SOL
- jitoSOL / SOL
- syrupUSDC / USDG
- syrupUSDC / USDC
- SOL / USDC
- INF / SOL - MarginFi - Multiply positions:
- JupSOL / SOL
- JitoSOL / SOL
Refinance will gradually expand to support more vault types, pairs, and lending protocols.
Why use Refinance?
DeFi markets evolve quickly, and interest rates or liquidation parameters often change from one protocol to another.
Refinance helps you stay optimized by letting you:
- Migrate positions in one click: no need to withdraw, repay, or redeposit manually.
- Access better yields and rates: through Jupiter Lend’s efficient vaults.
- Improve risk management: with lower liquidation penalties and higher LTVs.
- Preserve your position structure: same debt, same collateral ratio, just improved conditions.
This makes it ideal for users who want to optimize their portfolio or consolidate assets under a single, unified system.
How it works
When you initiate a Refinance operation, Jupiter Lend securely interacts with both the source protocol and its own vaults to:
- Repay your outstanding debt on the external protocol.
- Withdraw the associated collateral.
- Transfer these assets to Jupiter Lend.
- Recreate your position inside Jup Lend, maintaining the same loan amount and collateral ratio.
All of this happens atomically, meaning the entire migration is executed safely within one transaction.
Your position remains protected throughout the process.
Refinance Limit
For now, Refinance supports migrations up to $1M per operation.
If your position is larger, you can still transfer it, you’ll just need to complete the migration in multiple steps.
Fees
There are no additional protocol fees for using Refinance, you only pay the standard network and transaction costs associated with Solana.
Safety
Refinance is fully non-custodial, all operations happen directly through your own wallet.
The protocol does not take control of your assets at any point.
When you start a refinance, the smart contract simply automates what you would normally do manually:
- Repay your existing loan on the source protocol.
- Withdraw your collateral.
- Recreate the same position on Jupiter Lend.
Everything runs from your wallet address in a single atomic transaction.
That means your funds never leave your control, and there’s no intermediary or external custody involved.
In practice, Refinance just triggers a contract that executes these actions for you securely and instantly.