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How to use Refinance

Refinance Banner.png

Refinance lets you transfer an existing Borrow position from another lending protocol directly into Jupiter Lend, without manually closing and reopening it.

This guide walks you through each step of the process.

Step 1: Select the position to transfer

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  1. Go to the Refinance page.
  2. Connect the wallet that holds your existing positions on other protocols.
  3. In picture 1, you’ll see a list of your active positions on these external protocols.
  4. Select the position you want to transfer (i.e. JLP/USDC).
  5. In picture 2, choose the target position on JupLend (usually the same pair, e.g. JLP/USDC).
  6. In picture 3, review the comparison between both positions, you’ll see LTV, Liquidation threshold, supply APY and borrow APY.
  7. Click on “Review Refinance” to continue.

Step 2: Create the position

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Once you click on “Review Refinance”, you’ll move to the second section of the page.

  • On the left, you’ll see your current position.
  • On the right, you’ll see the future JupLend position.
  • The center panel lets you configure the Supply and Borrow amounts you want to transfer.

Before transferring anything, a position must be created on JupLend, this will serve as the destination for your refinance. If you already have one, simply select the position you want to use.

To create the new position:

  1. Click on the “Step 1: Create position” button.
  2. Approve the transaction in your wallet to create the position on Jupiter Lend.

Step 3: Adjust the amount & finalize the transfer

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Once your position is created:

  1. Choose the Supply and the Borrow amount you want to transfer.
  2. Click on the “Refinance” button to execute the transfer.
  3. Confirm the transaction in your wallet.

Your assets and debt will be moved from the external protocol to Jupiter Lend automatically.