Jupiter Lend has officially crossed $2 Billion in total market size, proving the massive adoption and utility of decentralized money markets on Solana.
Whether you want to access liquidity without selling your holdings, loop yield-bearing tokens, or execute delta-neutral leverage strategies, choosing the right collateral is key.
Below is a breakdown of the top collateral markets on Jupiter Lend, organized by asset class.
1. Flagship Yield-Bearing Assets
JLP (Jupiter Liquidity Provider)
Market Size: $333M
Supply APY: ~8%
Max LTV / Liq. Threshold: 85% / 90%
Borrowable Assets: USDT, SOL, JupUSD, USDS, USDG
Overview: JLP is the LP receipt token for Jupiter Perps. Holding JLP earns 75% of perpetual trading fees on Solana via token price appreciation. It is the largest collateral market on Jupiter Lend, making it a prime choice for earning passive trading fees while borrowing stablecoins or SOL.
2. Liquid Staking Tokens (LSTs)
LSTs allow you to maintain base Solana staking rewards while using your position as collateral to borrow liquidity.
Market Size: $274M
Supply APY: ~5.44%
Max LTV / Liq. Threshold: 75%–94% / 80%–95%
Borrowable Assets: USDT, SOL, JupSOL, USDS, USDG, EURC, USDC
Market Size: $118M
Supply APY: ~5.07%
Max LTV / Liq.
Threshold: 75%–92% / 80%–93%
Borrowable Assets: SOL, USDC
Market Size: $59M
Supply APY: ~5.0%
Max LTV / Liq.
Threshold: Up to 95%
Borrowable Assets: SOL, USDC
Market Size: $11M
Supply APY: ~5.0%
Max LTV / Liq. Threshold: 77%–85% / 82%–95%
Borrowable Assets: USDT, SOL, JupSOL, USDS, USDG, EURC, USDC
Market Size: $5M
Supply APY: 5%–8%
Max Liq. Threshold: 93%
Borrowable Assets: SOL
3. Stablecoins & Real-World Yield (PayFi)
Ideal for lower-volatility collateral, earning yield from real-world assets (RWA) or institutional private credit.
sUSDai
Market Size: $62M
Supply APY: 5%–6%
Max LTV
Liq. Threshold: 90%
Borrowable Assets: JupUSD, USDC
PST (Huma V2)
Market Size: $60M
Supply APY: 6%–8%
Max LTV
Liq. Threshold: 90%
Borrowable Assets: JupUSD, USDC
syrupUSDC (Maple)
Market Size:$4M
Supply APY: 5%
Max LTV
Liq. Threshold: 90%
Borrowable Assets: USDT, SOL, JupSOL, USDS, USDG, EURC, USDC
JUICED
Market Size: $2M
Supply APY: ~5.85%
Max LTV
Liq. Threshold: 91%
Borrowable Assets: USDT, USDC, USDG
4. Tokenized Stocks & Bitcoin IntegrationcbBTC (Coinbase Wrapped BTC)
Market Size: $16M
Supply APY: 3%–8%
Max LTV / Liq. Threshold: 75%–94% / 80%–95%
Borrowable Assets: USDT, SOL, JupSOL, USDS, USDG, EURC, USDC
Key Feature: 1:1 Bitcoin backing held in Coinbase custody, allowing native BTC holders to deploy capital directly on Solana.
SPYx (S&P 500 xStock)
Market Size: ~$9M
Supply APY: 5%–7.5%
Max LTV / Liq. Threshold: 75% / 85%
Borrowable Assets: JupUSD, USDC
Key Feature: Tokenized exposure to traditional equity markets onchain with rebased dividend yields.
5. Governance Tokens JUP
Market Size: $6M
Supply APY: 5%–9%
Max LTV / Liq. Threshold: 50% / 70%
Borrowable Assets: USDT, USDC
Note: Lower LTV limits reflect governance token price volatility relative to stable collateral assets.
Summary Takeaway
Jupiter Lend provides a diverse matrix of collateral options.
For High Yield: JLP and PST provide high baseline yield alongside solid borrowing power.
For Maximum Capital Efficiency: JupSOL and dfdvSOL offer high LTV ratios (up to 94%), making them prime choices for recursive looping strategies.
For RWA & Cross-Chain Flexibility: sUSDai, cbBTC, and SPYx bridge traditional finance and Bitcoin directly into Solana DeFi.
Note: Other emerging markets on Jupiter Lend include NVDAx, QQQx, and reUSD.
Always manage liquidation risks carefully when employing high leverage

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