Jupiter introduces Refinance function for seamless migration of borrowing and lending positions

Key Takeaways

Jupiter launches the Refinance function for seamless migration of lending and borrowing positions from different DeFi protocols.
Customers can migrate lively positions with out slippage and preserve custody of their funds all through the method.

Jupiter, a decentralized finance platform on Solana, immediately launched its Refinance function that permits customers to seamlessly switch their borrowing and lending positions from different protocols on to Jupiter with improved phrases.

The brand new function allows customers emigrate lively 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 presently 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 added pairs and protocols. The function operates with out introducing extra protocol charges through the migration course of.