Key Takeaways
- Jupiter launches the Refinance characteristic for seamless migration of lending and borrowing positions from different DeFi protocols.
- Customers can migrate energetic positions with out slippage and maintain custody of their funds all through the method.
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Jupiter, a decentralized finance platform on Solana, right this moment launched its Refinance characteristic that permits customers to seamlessly switch their borrowing and lending positions from different protocols on to Jupiter with improved phrases.
The brand new characteristic allows customers emigrate energetic positions with out slippage whereas providing higher charges and better loan-to-value ratios. All transactions are executed inside customers’ wallets, sustaining custody of funds all through the method.
Jupiter Lend’s Refinance at the moment helps a number of token pairs together with JLP/USDC, SOL/USDC, JupSOL/SOL, JitoSOL/SOL, mSOL/SOL, INF/SOL, and syrupUSDC/USDC. The platform plans to increase assist for extra pairs and protocols. The characteristic operates with out introducing further protocol charges throughout the migration course of.