Jupiter Lend launches beta version, protocol will be phased out

Foresight News reported that Solana ecosystem DEX Jupiter announced that the lending agreement Jupiter Lend will be launched in stages. Today, a private beta version will be launched for those on the waiting list, with a borrowing limit to maintain a small market size. The publicly available version will be launched later this month (August), offering a loan to value ratio (LTV) of up to 95%, near zero liquidation penalties, multiple vaults, and annualized yield (APY). In May, Jupiter announced that it would release a lending agreement called Jupiter Lend on Solana.