Jupiter Considers Allowing JLP Deposits for USDC Borrowing
Powered by ChatGPTJupiter is considering a new feature that allows users to deposit JLP tokens to borrow $USDC, as announced on the X platform. This initiative, introduced in Catstanbul, aims to enhance the utilization rate of $USDC and increase the annual percentage yield (APY) for JLP holders. In case of liquidation, JLP will be redeemed to release its collateral from the fund pool.
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