Jupiter announces Jupiter Lend launch for summer as JUP price surges 14%

Jupiter has just unveiled plans to launch his advanced credit platform, Jupiter Lend, later this summer – sending his token Jup is rising 14% while investors welcomed the protocol to Defi -lending.

On May 23 Jupiter (Jup), a leading Dex -Aaggregator on Solana (SOL), announced That it will launch his new credit product, Jupiter Lend, later this summer.

Jupiter Lend wants to be ‘most advanced money market on Solana’, and offers a loan-to-value ratio as high as 90%. This is considerably higher than the typical 75% found on most crypto credit platforms. The costs for using Jupiter Lend is expected to be as low as 0.1%.

The new credit product is being developed in collaboration with Fluid, a leading supplier of liquidity infrastructure that will serve as the liquidity layer behind Jupiter Lend.

Jupiter Lend is launched with two internal protocols: a credit protocol that makes deposits possible with one click and a hole protocol that offers loans at competitive interest rates. Jupiter also designs the system to be fully compiled and invites other teams to build on top of the platform.

Registration for Jupiter Lend Is now open, although a specific launch date has not yet been confirmed.

The native token of Jupiter Jup collected the news with 14% in the last 24 hours and currently traded at $ 0.60. With this increase, Jup Price broke over the local resistance to $ 0.60 and now prints a new leg to the fourth consecutive High High on the daily graph. The price recovered 100% at the beginning of April from the lowest point of $ 0.30, where the previous Downtrend found support.

Momentum -indicators confirm the bullish trend: the RSI is higher than 66 and is approaching overbought territory, while the MacD has turned over bullish, with the MacD line that crosses above the signal line and throwing the histogram of green. Jup also acts well above his 20-day EMA, which strengthens the strength of the current upward trend.