# Jupiter User Docs
Source: https://docs.jup.ag/index

Official documentation for every Jupiter product — swap, perps, mobile app, Jupiter Card, lending, staking, and more. Guides, fees, and FAQs.

<div>
  <div>
    <div>
      <div>
        <Icon icon="book" />

        <span>User Documentation</span>
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      # All the Jupiter Products <span>explained</span>

      <p>
        Browse documentation for every Jupiter product
      </p>
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  <div>
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      <a href="https://support.jup.ag">
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            <span>Support Hub</span>
            <span>All Jupiter resources, links and support tickets in one place</span>
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            <span>Academy</span>
            <span>Beginner guides, step-by-step tutorials and use cases</span>
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        <span>Quick access</span>
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        <a href="/user-docs/trade/gacha">
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          <span>Gacha</span>
          <p>Open digital packs and pull real graded Pokemon and One Piece cards.</p>
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        <a href="/user-docs/earn/offerbook">
          <span />

          <span>Offerbook</span>
          <p>Access fixed-term USDC liquidity peer-to-peer using any Solana token as collateral.</p>
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        <a href="/user-docs/global/spend">
          <span />

          <span>Spend</span>
          <p>Spend your crypto in the real world with the Jupiter card.</p>
        </a>
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    <div>
      <h2>Trade</h2>
      <p>Exchange, leverage and predict on Jupiter</p>

      <div>
        <a href="/user-docs/trade/spot">
          <div>
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            <span>Spot <span>New</span></span>
          </div>

          <p>Jupiter's spot trading interface — best-price swaps across all Solana DEXs, plus charts, limit & recurring orders, token discovery and portfolio tracking.</p>
        </a>

        <a href="/user-docs/trade/spot/tokenized-stocks">
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              <Icon icon="chart-bar" />
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            <span>Stocks <span>New</span></span>
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          <p>Tokenized stocks on Solana — compare issuers, check the underlying price and trade 24/5 on Jupiter Spot.</p>
        </a>

        <a href="/user-docs/trade/perps">
          <div>
            <span />

            <span>Perps</span>
          </div>

          <p>Trade perpetual futures with up to 250x leverage on SOL, ETH, BTC and more.</p>
        </a>

        <a href="/user-docs/trade/predict">
          <div>
            <span />

            <span>Predict</span>
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          <p>Prediction markets — bet on real-world events and earn from your knowledge.</p>
        </a>

        <a href="/user-docs/trade/gacha">
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            <span>Gacha</span>
          </div>

          <p>Open digital packs and pull real graded Pokemon and One Piece cards.</p>
        </a>
      </div>
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    <div>
      <h2>Earn</h2>
      <p>Grow your assets with yield and rewards</p>

      <div>
        <a href="/user-docs/earn/lend">
          <div>
            <span />

            <span>Lend</span>
          </div>

          <p>Lend your assets and earn competitive yield through Jupiter's lending markets.</p>
        </a>

        <a href="/user-docs/earn/offerbook">
          <div>
            <span />

            <span>Offerbook</span>
          </div>

          <p>Access fixed-term USDC liquidity peer-to-peer, using any Solana token as collateral.</p>
        </a>

        <a href="/user-docs/earn/jlp">
          <div>
            <span />

            <span>JLP</span>
          </div>

          <p>Provide liquidity to the pool that powers Jupiter Perps and earn a share of all trading fees.</p>
        </a>

        <a href="/user-docs/earn/stake-sol">
          <div>
            <span />

            <span>Stake SOL</span>
          </div>

          <p>Stake your SOL and earn rewards while securing the Solana network.</p>
        </a>

        <a href="/user-docs/earn/jupusd">
          <div>
            <span />

            <span>JupUSD</span>
          </div>

          <p>Jupiter's stablecoin backed by BUIDL, designed to access onchain dollar liquidity.</p>
        </a>

        <a href="/user-docs/earn/rewards-hub">
          <div>
            <span />

            <span>Rewards Hub</span>
          </div>

          <p>Track, manage and claim all your Jupiter rewards from one dashboard.</p>
        </a>
      </div>
    </div>

    <div>
      <h2>Manage</h2>
      <p>Your wallet, portfolio and tools</p>

      <div>
        <a href="/user-docs/manage/portfolio">
          <div>
            <span />

            <span>Portfolio</span>
          </div>

          <p>Asset tracking dashboard</p>
        </a>

        <a href="/user-docs/manage/extension-wallet">
          <div>
            <span />

            <span>Jupiter Wallet</span>
          </div>

          <p>Browser extension wallet for Solana</p>
        </a>
      </div>
    </div>

    <div>
      <h2>Launch</h2>
      <p>Create, launch and manage tokens</p>

      <div>
        <a href="/user-docs/launch/studio">
          <div>
            <span />

            <span>Studio</span>
          </div>

          <p>Token creation tools</p>
        </a>

        <a href="/user-docs/launch/vrfd">
          <div>
            <span />

            <span>VRFD</span>
          </div>

          <p>Verified token launches</p>
        </a>

        <a href="/user-docs/launch/lock">
          <div>
            <span />

            <span>Lock</span>
          </div>

          <p>Token vesting & locking</p>
        </a>
      </div>
    </div>

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      <h2>Global</h2>
      <p>The mobile app and real-world payments</p>

      <div>
        <a href="/user-docs/global/mobile">
          <div>
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            <span>Jupiter Mobile</span>
          </div>

          <p>Mobile app</p>
        </a>

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          <div>
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            <span>Spend</span>
          </div>

          <p>Visa card, QR Pay, remittance & cashback</p>
        </a>
      </div>
    </div>

    <div>
      <h2>Onramp</h2>
      <p>Get crypto into your wallet from anywhere</p>

      <div>
        <a href="/user-docs/onramp/send">
          <div>
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            <span>Send</span>
          </div>

          <p>Instant token transfers</p>
        </a>

        <a href="/user-docs/onramp/deposit">
          <div>
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            <span>Deposit</span>
          </div>

          <p>Deposit crypto, bridge & swap, buy with a card</p>
        </a>
      </div>
    </div>

    <div>
      <h2>More</h2>
      <p>Governance and the JUP token</p>

      <div>
        <a href="/user-docs/more/jupiter-poker">
          <div>
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            <span>Poker</span>
          </div>

          <p>Back pro players and earn a share of winnings</p>
        </a>

        <a href="/user-docs/more/dao">
          <div>
            <span />

            <span>DAO</span>
          </div>

          <p>Staking, voting & governance</p>
        </a>

        <a href="/user-docs/more/jup-token">
          <div>
            <span />

            <span>JUP Token</span>
          </div>

          <p>Tokenomics & transparency</p>
        </a>

        <a href="/user-docs/more/security">
          <div>
            <span>
              <Icon icon="shield-halved" />
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            <span>Security</span>
          </div>

          <p>Independent audits of every Jupiter program</p>
        </a>
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      <a href="https://x.com/JupiterExchange" aria-label="Jupiter on X">
        <span />
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      <a href="https://discord.gg/jup" aria-label="Jupiter on Discord">
        <span />
      </a>

      <a href="https://t.me/jup_dao" aria-label="Jupiter on Telegram">
        <span />
      </a>

      <a href="https://www.youtube.com/@JupiterOnchain" aria-label="Jupiter on YouTube">
        <span />
      </a>
    </div>
  </div>
</div>


# Delta Neutral
Source: https://docs.jup.ag/user-docs/earn/jlp/delta-neutral

A managed vault strategy that hedges JLP's directional market exposure to generate stablecoin-denominated yield, powered by Neutral Trade.

<Warning>
  **Deprecated — no longer supported.** Jupiter no longer supports JLP Delta Neutral. The vault is in **reduce-only mode**: new deposits are disabled and existing depositors can still withdraw their funds. The documentation below is kept for reference only.
</Warning>

## What is JLP Delta Neutral?

JLP Delta Neutral (JLP-DN) is a managed vault strategy built on top of JLP. It aims to preserve JLP's underlying yield while systematically neutralizing its directional exposure to SOL, ETH, and wBTC — and to trader PnL.

The result is a position that earns JLP fees without taking meaningful directional market risk. Yield is denominated in USDC.

The strategy is **powered by Jupiter** and **operated by Neutral Trade**. For full operational and technical details, refer to the [Neutral Trade documentation](https://docs.neutral.trade/for-capital-allocators/market-neutral/jupiter-jlp-delta-neutral).

***

## Key Parameters

| Parameter | Value |
| - | - |
| Strategy type | Market Neutral |
| Base asset | USDC |
| Minimum deposit | 10 USDC |
| Maximum capacity | 50M USDC |
| Management fee | 0% |
| Performance fee | 25% (charged above the High-Water Mark only) |
| Withdrawal fee | 0.3% (redistributed to existing depositors) |
| Vault address | [`GiNbTRuRqvVGEEQGZKMjmwX84LrsbqfzVVNtWYbcZPCY`](https://solscan.io/account/GiNbTRuRqvVGEEQGZKMjmwX84LrsbqfzVVNtWYbcZPCY) |

***

## How It Works

The strategy combines three Jupiter products:

1. **JLP** — the yield-bearing base asset
2. **JLP Loans** — used to borrow USDC against JLP collateral
3. **Perpetual short positions** — opened offchain to hedge the directional exposure

### Step 1 — JLP Acquisition and Looping

* USDC deposits are used to mint JLP
* JLP is deposited as collateral in JLP Loans
* USDC is borrowed against that collateral
* The borrowed USDC is used to acquire more JLP
* This process repeats, targeting a **65% LTV**, resulting in approximately **1.9x effective JLP exposure**

### Step 2 — Delta Neutral Hedging

JLP carries exposure to SOL, ETH, and wBTC price movements, as well as trader PnL. The strategy hedges these exposures by opening perpetual futures short positions on Binance, sized to offset the net delta of the JLP position.

Hedging weights adjust dynamically based on JLP composition, collateral value, and market conditions. The target is net-zero delta across SOL, ETH, and wBTC.

<Note>
  The hedging infrastructure (Ceffu custody, Binance sub-account, daily PnL settlement) is operated by Neutral Trade. Jupiter does not operate or control this component. For details, refer to the [Neutral Trade documentation](https://docs.neutral.trade/for-capital-allocators/market-neutral/jupiter-jlp-delta-neutral).
</Note>

***

## Deposit and Withdrawal Flow

Because the strategy combines onchain and offchain components, deposits and withdrawals are processed in stages rather than instantly.

### Depositing

<Steps>
  <Step title="Submit deposit request">
    You deposit USDC into the vault. The amount appears as **Pending Deposit** until it is deployed.
  </Step>

  <Step title="Funds are deployed (within 24 hours)">
    Within 24 hours, your funds are deployed into the strategy by Neutral Trade. Your position becomes active and starts earning yield.
  </Step>

  <Step title="Withdrawal lock (24 hours after deployment)">
    After your deposit is deployed, you must wait an additional 24 hours before you can submit a withdrawal request.
  </Step>
</Steps>

### Withdrawing

<Steps>
  <Step title="Submit withdrawal request">
    You submit a withdrawal request for the amount of USDC you want to redeem. The amount appears as **Pending Withdrawal**.
  </Step>

  <Step title="Processing window (next process time + 72 hours)">
    Withdrawals are processed in batches at scheduled process times. From the next process time after your request, funds are returned to your wallet within 72 hours.
  </Step>
</Steps>

<Note>
  A **0.3% withdrawal fee** is applied at withdrawal. This fee is redistributed to the remaining depositors in the vault.
</Note>

***

## Position Fields

Your position in the vault is displayed across two panels on the Delta Neutral page:

| Field | Description |
| - | - |
| Balance | The current value of your holdings in the vault, after fees |
| Your Earnings | The total profit you have made from this vault, after all fees deducted |
| Pending Deposit | USDC submitted for deposit but not yet deployed (within the 24-hour deployment window) |
| Pending Withdrawal | USDC submitted for withdrawal but not yet returned to your wallet |
| High-Water Mark | The highest post-fee value your position has reached. Performance fees only apply above this level. See below. |
| Fees Paid | The cumulative fees charged on your position to date |

### High-Water Mark

The **High-Water Mark (HWM)** is the highest post-fee value your portfolio has reached in the vault. The 25% performance fee is only charged on gains **above** this level. This protects you from paying performance fees twice on the same gains if the vault's value fluctuates.

**Formula:**

```math theme={null}
New High-Water Mark = max(Previous High-Water Mark, Current Balance after Fees)
```

**Example:**

1. You deposit 100 USDC. Your HWM starts at 100 USDC.
2. Your balance grows to 110 USDC. A 10% gain is achieved. The performance fee is 25% of the 10 USDC gain = 2.5 USDC. After fees, you hold 107.5 USDC.
3. Your new HWM is now 107.5 USDC.
4. You won't pay performance fees again unless your balance grows above 107.5 USDC.

### Vault Metrics

The Delta Neutral page also displays performance metrics for the entire vault:

| Metric | Description |
| - | - |
| APY | Annualised yield based on recent performance |
| TVL | Total Value Locked in the vault, with progress toward the max capacity |
| ROI | Return on investment of the vault since inception |
| Sharpe Ratio | Risk-adjusted return metric (higher is better) |
| Max Drawdown | Largest observed peak-to-trough decline in vault value |

A chart toggle lets you switch between Performance and TVL views, across 7d, 30d, 90d, and All time periods.

***

## Yield Sources

Yield is generated from three components:

| Source | Description |
| - | - |
| JLP native yield | 75% of Jupiter Perps fees (open/close, price impact, borrow, swap) |
| Leverage amplification | JLP looping increases effective exposure to JLP yield |
| Funding rates | Short hedging positions may earn or pay funding rates depending on market conditions |

<Note>
  Funding rates can amplify yield when they are positive (shorts receive funding), but they can also be a cost when negative. This component is variable and not guaranteed.
</Note>

***

## Exposures

While directional delta is hedged, the strategy retains the following exposures:

* JLP yield (fees from Jupiter Perps trading)
* BTC funding rate
* SOL funding rate
* ETH funding rate

***

## Rewards

Depositors are eligible for **2x NT points** from Neutral Trade.

***

## Risks

<Warning>
  Even with hedging in place, this strategy carries risk. Do not assume delta-neutral means risk-free.
</Warning>

<AccordionGroup>
  <Accordion title="JLP token risk">
    The strategy is exposed to JLP mechanics — including trading activity, margining, and token price behavior. JLP's market price may deviate from its virtual price in fast-moving markets. There is also a rebalancing threshold below which the position is not fully delta-neutral.
  </Accordion>

  <Accordion title="Funding rate risk">
    Short hedging positions pay or receive funding rates on Binance. If funding rates turn significantly negative, this becomes a cost that reduces overall yield.
  </Accordion>

  <Accordion title="Liquidation risk">
    The JLP looping structure uses JLP Loans at a target LTV of 65%. If JLP price falls significantly, LTV may approach the liquidation threshold. The strategy is designed so that if short hedges rise in value, JLP collateral also rises — helping maintain safe LTV — but this is not guaranteed under all market conditions.
  </Accordion>

  <Accordion title="Operational risk">
    Components of the strategy rely on offchain processes operated by Neutral Trade: delta calculations, transfers between Ceffu and the onchain vault, and daily PnL settlement. Failures in these processes could affect performance or access to funds.
  </Accordion>

  <Accordion title="Exchange and custody risk">
    The hedging infrastructure routes USDC through Ceffu and a Binance sub-account. This introduces exchange liquidity risk, market dislocation risk, and settlement behavior risk (e.g. auto-deleveraging). These risks are reduced by the custody setup but not eliminated.
  </Accordion>
</AccordionGroup>

***

## Further Documentation

This page covers the Jupiter-side integration. For full strategy details, security architecture, audits, and operational procedures, refer to the official Neutral Trade documentation:

[docs.neutral.trade — Jupiter JLP Delta Neutral](https://docs.neutral.trade/for-capital-allocators/market-neutral/jupiter-jlp-delta-neutral)


# Earn with JLP
Source: https://docs.jup.ag/user-docs/earn/jlp/earn

How JLP generates yield, how the pool's value is calculated, and what risks JLP holders are exposed to.

This page explains how JLP generates yield for liquidity providers, how the pool's value and virtual price are calculated, and what risks are involved in holding JLP.

## How JLP Generates Yield

JLP holders earn yield passively through the appreciation of the JLP token price. There are no tokens to stake or yields to manually harvest — yield is embedded directly into the token's value.

**75% of all fees** generated by [Jupiter Perps](/user-docs/trade/perps) are reinvested into the JLP pool:

* Opening and closing fees
* Price impact fees
* Borrow fees
* Swap fees and JLP mint/burn fees
* Liquidation penalties (remaining collateral from liquidated positions also flows into the pool)

The remaining 25% goes to Jupiter as protocol revenue.

Fees are redeposited into the pool **hourly**. As they accumulate, the pool's total AUM increases, which increases the JLP virtual price. Every JLP token you hold becomes worth more over time as the pool grows.

<Note>
  The APY displayed on the Earn page is **denominated in USD** and reflects only the 75% of Perps fees distributed to LPs. It does **not** include the appreciation or depreciation of the underlying assets (SOL, ETH, wBTC) or the impact of trader PnL. Your actual return on JLP can be higher or lower than the displayed APY depending on market conditions.

  The figure is updated every 7 days, using the previous week's fees as the basis for the calculation.
</Note>

***

## JLP Virtual Price and AUM

### Virtual Price

```math theme={null}
Virtual Price = Total JLP Pool Assets (USD) / Total JLP Supply
```

The virtual price is the baseline value of JLP derived from the pool's onchain state. It reflects the pool's actual asset value per token.

### AUM Limit and Market Price

The JLP pool has a maximum AUM (Assets Under Management) limit. When this limit is reached, new JLP can no longer be minted directly from the pool.

If the AUM limit is hit, market demand typically causes JLP to trade at a **premium** above its virtual price on secondary markets.

* You can always sell JLP at the market price
* If the market price falls below the virtual price, JLP is redeemed at the virtual price, not the market price

The current TVL and AUM limit are visible on the JLP Earn page.

***

## Acquiring and Exiting JLP

JLP can be acquired or exited through two paths:

<Tabs>
  <Tab title="Jupiter Swap">
    Swap any token for JLP, or JLP back to any token, via Jupiter Swap. This is the recommended method for most users and typically offers the best execution.
  </Tab>

  <Tab title="Direct mint/burn (Earn page)">
    Mint JLP by depositing assets directly into the pool, or burn JLP to redeem the underlying assets.

    **Mint:** select the asset you want to deposit (SOL, ETH, WBTC, USDC, or USDT). HALF / MAX shortcuts let you fill the input with half or all of your wallet balance.

    **Burn:** select the asset you want to receive. The JLP is burned and the equivalent value is sent to your wallet in the selected token.

    Both actions are subject to a **weightage-based fee** that depends on the asset and its current vs. target weighting in the pool:

    * Base rates: **10 BPS** for non-stablecoin assets (SOL, ETH, wBTC), **2 BPS** for stablecoins (USDC, USDT)
    * The final fee is adjusted up if the action moves the asset further from its target weightage, or down if it moves closer

    Direct mint is also subject to the AUM limit: minting is unavailable when the pool's AUM cap is reached. In that case, use Jupiter Swap instead.
  </Tab>
</Tabs>

Reference implementation: [calculate-mint-burn-jlp.ts](https://github.com/julianfssen/jupiter-perps-anchor-idl-parsing/blob/main/src/examples/calculate-mint-burn-jlp.ts)

***

## SOL Staking

A significant portion of the SOL held in the JLP pool is natively staked to the Jupiter validator to generate additional yield for JLP holders. The exact staked amount is visible on the JLP Earn page next to the SOL pool size.

This staking is handled at the protocol level — it does not require any action from JLP holders and does not affect their ability to withdraw or trade.

<Note>
  The staked SOL goes through Solana's standard deactivation process when unstaking is required. Deactivation takes up to two epochs (\~2-3 days). The protocol monitors pool utilization to ensure sufficient liquid SOL is available at all times.
</Note>

***

## Exposure

As a JLP holder, your position is exposed to:

* **Price movements** of the non-stablecoin assets in the pool (SOL, ETH, wBTC). A decline in these prices reduces JLP value.
* **Trader PnL** — when traders are profitable, their gains are paid from the pool. When traders lose, those losses are added to the pool.

JLP tends to perform relatively better during sideways or bearish market conditions, as traders are less likely to be profitable. During strong bull markets, increased trader profitability can reduce JLP value relative to simply holding the underlying assets.

***

## Composability

JLP is a standard SPL token. It can be transferred, traded on AMM pools, and used as collateral in other protocols — including [JLP Loans](/user-docs/earn/jlp/loans).

***

## Risks

<Warning>
  Holding JLP carries several risks. Make sure you understand them before providing liquidity.
</Warning>

<AccordionGroup>
  <Accordion title="Market volatility">
    Rapid price movements in SOL, ETH, or wBTC directly impact JLP value. Extreme market events may amplify losses beyond what the fee yield can offset.
  </Accordion>

  <Accordion title="Counterparty risk">
    JLP holders act as the counterparty to all traders on Jupiter Perps. Sustained trader profitability reduces the pool's value.
  </Accordion>

  <Accordion title="Smart contract risk">
    The protocol is audited, but no audit eliminates all risk.
  </Accordion>

  <Accordion title="Opportunity cost">
    In strong bull markets, JLP may underperform compared to holding the underlying assets directly.
  </Accordion>
</AccordionGroup>


# JLP FAQ
Source: https://docs.jup.ag/user-docs/earn/jlp/faq

Frequently asked questions about JLP, JLP Loans, and JLP Delta Neutral.

For Perps-related questions (positions, fees, liquidation, order behavior), see the [Perps FAQ](/user-docs/trade/perps/faq).

***

## JLP & Earn

<AccordionGroup>
  <Accordion title="What is JLP and how does it generate yield?">
    JLP is the liquidity provider token for Jupiter Perps. Holding JLP gives you exposure to the pool's underlying assets (SOL, ETH, wBTC, USDC, USDT) and earns 75% of all fees generated by trading activity on the JLP markets of Jupiter Perps (SOL, ETH, wBTC); the Beta markets run on a separate engine and do not feed the pool. Yield is embedded directly into the token's price — there is nothing to stake or harvest.
  </Accordion>

  <Accordion title="How is the JLP token price determined?">
    The JLP virtual price is calculated as the total USD value of all pool assets divided by the total JLP supply. As fees accumulate in the pool, the AUM increases and the virtual price increases accordingly.

    If the pool's AUM limit is reached, new JLP cannot be minted directly and the market price may trade at a premium above the virtual price. If the market price falls below the virtual price, JLP is redeemed at the virtual price.
  </Accordion>

  <Accordion title="Do I need to do anything to earn yield as a JLP holder?">
    No. Yield accrues automatically and is reflected as an increase in the JLP token price. There is no staking, no claiming, and no manual harvesting required.
  </Accordion>

  <Accordion title="When is the APY figure updated?">
    The estimated APY displayed on the Earn page is updated every 7 days, using the previous week's fees as the calculation basis.
  </Accordion>

  <Accordion title="What is the best way to buy or exit JLP?">
    Jupiter Swap is the recommended method for both acquiring and exiting JLP. JLP can also be minted or burned directly through the Earn page, but mint/burn fees apply and vary depending on the asset used and its current weightage in the pool.
  </Accordion>

  <Accordion title="Does the SOL staking in the JLP pool affect my position?">
    No. A portion of idle SOL in the pool is natively staked to the Jupiter validator to generate additional yield. This is handled at the protocol level and does not require any action from JLP holders. Your ability to swap or exit is not affected — the protocol monitors pool utilization to ensure sufficient liquid SOL remains available.
  </Accordion>

  <Accordion title="What risks does holding JLP carry?">
    The main risks are:

    * Price movements of SOL, ETH, and wBTC — a decline reduces JLP value
    * Trader PnL — when traders profit, those gains come from the pool
    * Smart contract risk — the protocol is audited but no audit eliminates all risk
    * Opportunity cost — in strong bull markets, JLP may underperform holding the underlying assets directly
  </Accordion>
</AccordionGroup>

***

## JLP Loans

<AccordionGroup>
  <Accordion title="What can I do with JLP Loans?">
    JLP Loans lets you deposit JLP as collateral to borrow USDC. Your JLP position continues to earn yield while the loan is active, so you can access liquidity without fully exiting your JLP exposure.
  </Accordion>

  <Accordion title="What is the maximum I can borrow against my JLP?">
    The maximum LTV is 90%, meaning you can borrow up to 90% of your JLP collateral value in USDC. However, borrowing close to the maximum LTV leaves little margin before liquidation — the liquidation threshold is 95% LTV. A conservative borrow around 65% LTV provides a safer buffer.
  </Accordion>

  <Accordion title="What triggers liquidation on a JLP Loans position?">
    Liquidation is triggered when your LTV exceeds 95%. This can happen if your JLP collateral value decreases (JLP price drops) or if your outstanding debt increases (interest accrual) to the point where the ratio exceeds the threshold.

    You can avoid liquidation at any time by depositing additional JLP collateral or repaying part or all of your debt.
  </Accordion>

  <Accordion title="What is the difference between partial and full liquidation?">
    If your LTV exceeds 95% but the position is not critically under-collateralized, the protocol performs a **partial liquidation** — repaying only a portion of the debt and burning only the required collateral. This gives you a chance to recover the position.

    A **full liquidation** is only triggered when the LTV is significantly above the threshold (approximately 97%+) or when partial liquidation alone cannot restore solvency. Full liquidation repays the entire debt and burns the necessary collateral, returning any remainder to you after fees.
  </Accordion>

  <Accordion title="What is the liquidation fee?">
    A 2% fee is applied to the liquidated collateral. It is deducted from the JLP burned and deposited into the JLP pool as protocol revenue.
  </Accordion>

  <Accordion title="How is the borrow interest rate determined?">
    The borrow APR adjusts dynamically based on pool utilization. Below 80% utilization, the rate increases linearly. Above 80%, a jump rate curve applies and the rate increases more steeply. The current borrow rate is visible in the Loans interface.
  </Accordion>
</AccordionGroup>

***

## JLP Delta Neutral

<Warning>
  **Deprecated — no longer supported.** Jupiter no longer supports JLP Delta Neutral. The vault is in reduce-only mode (no new deposits; existing depositors can withdraw). The answers below are kept for reference only — see the [Delta Neutral page](/user-docs/earn/jlp/delta-neutral) for details.
</Warning>

<AccordionGroup>
  <Accordion title="What is JLP Delta Neutral in simple terms?">
    JLP Delta Neutral is a managed vault that holds JLP to earn its trading fees, while simultaneously opening short positions to cancel out the price exposure to SOL, ETH, and wBTC. The goal is to earn JLP yield without the directional market risk of holding JLP directly. Yield is paid in USDC.
  </Accordion>

  <Accordion title="Who operates JLP Delta Neutral?">
    The strategy is powered by Jupiter and operated by **Neutral Trade**. Jupiter provides the underlying infrastructure (JLP, JLP Loans). Neutral Trade manages the hedging engine, custody, and vault operations. For full operational details, refer to the [Neutral Trade documentation](https://docs.neutral.trade/for-capital-allocators/market-neutral/jupiter-jlp-delta-neutral).
  </Accordion>

  <Accordion title="How long does a withdrawal take?">
    Withdrawals have a redemption period of 3 days, plus a 1-day lock after the initial deposit. The withdrawal fee of 0.3% is redistributed to existing depositors.
  </Accordion>

  <Accordion title="Is JLP Delta Neutral risk-free because it's delta-neutral?">
    No. While directional delta is hedged, the strategy retains exposure to JLP yield variability, funding rates on the hedging positions (which can be a cost), operational risks in the offchain components, and custody/exchange risks on Binance. See the [Delta Neutral risks section](/user-docs/earn/jlp/delta-neutral#risks) for a full breakdown.
  </Accordion>
</AccordionGroup>


# JLP — Jupiter Liquidity Provider Token
Source: https://docs.jup.ag/user-docs/earn/jlp/index

What the JLP token is and how the JLP pool earns from Jupiter Perps trading activity — asset index, yield sources, and risks.

## What is JLP?

The Jupiter Liquidity Provider (JLP) Pool is a liquidity pool that acts as the counterparty to traders on the SOL, ETH, and wBTC markets of Jupiter Perps. When traders open leveraged positions there, they borrow tokens directly from this pool. The [Beta markets](/user-docs/trade/perps/beta-markets) run on a separate engine and do not involve the pool.

The **JLP token** is minted to users who deposit assets into the pool. It represents your share of the pool and accrues value over time as fees are generated by trading activity.

***

## What Gives JLP Its Value?

The value of JLP is derived from three sources:

* An index of the pool's underlying assets: SOL, ETH, wBTC, USDC, USDT, and JupUSD
* Trader PnL — when traders lose, those losses flow back into the pool
* 75% of all fees generated by the JLP markets of Jupiter Perps (opening/closing fees, price impact, borrow fees, swap fees)

The remaining 25% of fees goes to Jupiter as protocol revenue.

<Note>
  JLP exists to provide the liquidity that powers [Jupiter Perps](/user-docs/trade/perps). Trader activity on Perps and JLP performance are tightly linked.
</Note>

***

## Pool Composition

The JLP pool holds six assets across six custody accounts:

| Asset | Custody Account |
| - | - |
| SOL | [7xS2gz2bTp3fwCC7knJvUWTEU9Tycczu6VhJYKgi1wdz](https://solscan.io/account/7xS2gz2bTp3fwCC7knJvUWTEU9Tycczu6VhJYKgi1wdz) |
| ETH | [AQCGyheWPLeo6Qp9WpYS9m3Qj479t7R636N9ey1rEjEn](https://solscan.io/account/AQCGyheWPLeo6Qp9WpYS9m3Qj479t7R636N9ey1rEjEn) |
| wBTC | [5Pv3gM9JrFFH883SWAhvJC9RPYmo8UNxuFtv5bMMALkm](https://solscan.io/account/5Pv3gM9JrFFH883SWAhvJC9RPYmo8UNxuFtv5bMMALkm) |
| USDC | [G18jKKXQwBbrHeiK3C9MRXhkHsLHf7XgCSisykV46EZa](https://solscan.io/account/G18jKKXQwBbrHeiK3C9MRXhkHsLHf7XgCSisykV46EZa) |
| USDT | [4vkNeXiYEUizLdrpdPS1eC2mccyM4NUPRtERrk6ZETkk](https://solscan.io/account/4vkNeXiYEUizLdrpdPS1eC2mccyM4NUPRtERrk6ZETkk) |
| JupUSD | [DdwY1ELc9rRK7xNL3hTXabSFBmVrTPpfsUZSv2Y3LL1U](https://solscan.io/account/DdwY1ELc9rRK7xNL3hTXabSFBmVrTPpfsUZSv2Y3LL1U) |

***

## How to Get JLP

JLP can be acquired in two ways:

<CardGroup>
  <Card title="Jupiter Swap" icon="arrow-right-arrow-left">
    Swap any token for JLP via Jupiter Swap. This is the recommended method for most users and typically offers the best execution.
  </Card>

  <Card title="Earn Page (Mint)" icon="circle-plus">
    Deposit assets directly into the pool via the Earn page. This mints JLP tokens directly from the pool. Fees apply depending on the asset deposited and its current weightage in the pool.
  </Card>
</CardGroup>

To exit, JLP can be swapped back via Jupiter Swap or redeemed (burned) directly through the Earn page.

<Note>
  Any asset tradable on Jupiter can be used to acquire JLP via swap. There are fees associated with minting JLP directly from the pool — see the [Earn](/user-docs/earn/jlp/earn) page for details.
</Note>

***

## JLP Products

The JLP token is the foundation for several products:

<CardGroup>
  <Card title="JLP Earn" icon="chart-line" href="/user-docs/earn/jlp/earn">
    Hold JLP and passively earn yield from Jupiter Perps trading activity.
  </Card>

  <Card title="JLP Loans" icon="hand-holding-dollar" href="/user-docs/earn/jlp/loans">
    Deposit JLP as collateral to borrow USDC while maintaining JLP exposure.
  </Card>

  <Card title="JLP Delta Neutral" icon="shield-halved" href="/user-docs/earn/jlp/delta-neutral">
    A managed vault strategy that hedges JLP's directional exposure, powered by Neutral Trade.
  </Card>
</CardGroup>

***

## Risks

<Warning>
  JLP is not a stablecoin or a capital-protected product. Its value fluctuates with the underlying pool assets and trader PnL.

  * If SOL, ETH, or wBTC prices fall, JLP value may decrease
  * If traders are profitable, their gains are paid from the pool, reducing JLP value
  * Smart contract risk exists — the protocol is audited but no audit eliminates all risk

  Only allocate funds you can afford to lose.
</Warning>


# Loans
Source: https://docs.jup.ag/user-docs/earn/jlp/loans

Borrow USDC using JLP as collateral while maintaining JLP yield exposure.

This page covers JLP Loans: how to borrow USDC against your JLP, the LTV thresholds, how the borrow rate works, and how liquidation is handled.

## What is JLP Loans?

JLP Loans allows users to deposit JLP tokens as collateral to borrow USDC. The position continues to earn JLP yield while the loan is active, allowing users to access liquidity without exiting their JLP position.

The protocol uses an overcollateralized lending model with dynamic interest rates based on utilization.

The Loans page shows live metrics at the top:

| Metric | Description |
| - | - |
| Available Liq. | Total USDC currently available to borrow. New loans are limited by this liquidity. |
| Utilization | Share of the available USDC that is already borrowed. Drives the borrow APR. |
| Max LTV | Maximum loan-to-value ratio when opening a position. |
| Liq. LTV | LTV at which the position becomes eligible for liquidation. |
| Liq. Penalty | Fee applied to liquidated collateral. |
| Borrow APR | Current annualised borrowing rate, adjusted based on utilization. |

***

## Key Parameters

| Parameter | Value |
| - | - |
| Collateral | JLP |
| Borrowable asset | USDC |
| Maximum LTV | 90% |
| Liquidation LTV | 95% |
| Liquidation fee | 2% of liquidated collateral |

***

## Loan-to-Value (LTV)

The **Loan-to-Value (LTV)** ratio represents the ratio between your outstanding debt and the USD value of your JLP collateral.

```math theme={null}
LTV = Outstanding Debt (USD) / JLP Collateral Value (USD)
```

### LTV Thresholds

| Threshold | Value | Meaning |
| - | - | - |
| Maximum LTV | 90% | Maximum you can borrow against deposited collateral |
| Liquidation LTV | 95% | LTV at which the position becomes eligible for liquidation |

### Example

With \$10,000 worth of JLP deposited:

| Action | Amount | LTV |
| - | - | - |
| Maximum initial borrow | \$9,000 | 90% |
| Liquidation threshold | \$9,500 debt | 95% |
| Recommended safe borrow | \$6,500 | 65% |

***

## Position Management

Each user can hold a single lending position. The Loans interface provides two modes to interact with that position:

<Tabs>
  <Tab title="Deposit / Borrow">
    Used to **open or grow** a position. You deposit JLP as collateral and borrow USDC against it. HALF / MAX shortcuts let you fill the input with half or all of your available JLP balance.
  </Tab>

  <Tab title="Repay / Withdraw">
    Used to **reduce or close** a position. You repay USDC to lower your debt, and withdraw JLP to reduce your collateral. HALF / MAX shortcuts work on both fields.
  </Tab>
</Tabs>

The "My Position" panel displays the current state of your position:

| Field | Description |
| - | - |
| Collateral | JLP deposited as collateral |
| Debt | Outstanding debt (principal + accrued interest) in USDC |
| LTV | Current loan-to-value ratio |
| Liq. Price (JLP) | Estimated JLP price at which the position will be liquidated |
| Curr. Price (JLP) | Current JLP virtual price, for reference against the liquidation price |

***

## Borrow Rate

The borrow APR is dynamic and adjusts based on pool utilization. Higher utilization means a higher borrow rate.

### Utilization Formula

```math theme={null}
Utilization = (Locked for Trading + Total Borrowed) / Total Pool Size
```

<Expandable title="Rate Calculation (code)">
  ```
  // When utilization ≤ 80% (linear curve)
  Rate Increase = (Target Rate - Min Rate) × Utilization / Target Utilization
  Yearly Rate   = (Min Rate + Rate Increase) × 10^9 / 10,000

  // When utilization > 80% (jump rate curve)
  Rate Diff         = Max Rate - Target Rate
  Util Above Target = Utilization - Target Utilization
  Remaining Cap     = 10^9 - Target Utilization
  Extra Rate        = (Rate Diff × Util Above Target) / Remaining Cap
  Yearly Rate       = (Target Rate + Extra Rate) × 10^9 / 10,000

  // Convert to hourly and APR
  Hourly Rate = Yearly Rate / (24 × 365)
  Borrow APR  = (Hourly Rate / 10^9) × 24 × 365 × 100
  ```

  The specific rate parameters (`jumpRateState`, `borrowsFundingRateState`) are defined per custody account.
</Expandable>

***

## Liquidation

Liquidation is triggered when a position's LTV exceeds the **Liquidation LTV of 95%**. Only whitelisted keepers can execute liquidations.

### Partial Liquidation

When a position exceeds the liquidation threshold but is not critically under-collateralized, the protocol performs a partial liquidation:

* Repays a portion of the outstanding debt
* Burns only the required amount of JLP collateral
* Brings the position back toward a safer LTV range
* Allows the user to retain the remaining collateral and position

Partial liquidation is only triggered when the position size exceeds a minimum liquidation size, to avoid dust liquidations.

### Full Liquidation

A full liquidation is triggered when:

* The position's LTV significantly exceeds the liquidation threshold (approximately 97%+)
* Market volatility is extreme
* Partial liquidation alone would be insufficient to restore solvency

Full liquidation repays the entire outstanding debt, burns the necessary JLP collateral, and returns any remaining collateral to the user after fees.

### Liquidation Fee

A **2% fee** is applied to the liquidated collateral. This fee is deducted from the collateral burned and deposited into the JLP pool as protocol revenue.

<Warning>
  If your position is fully liquidated, you may lose a significant portion of your deposited JLP collateral. Monitor your LTV regularly, especially during periods of JLP price volatility.

  You can avoid liquidation at any time by depositing additional JLP collateral or repaying part or all of your outstanding debt.
</Warning>


# JupUSD FAQ
Source: https://docs.jup.ag/user-docs/earn/jupusd/faq

Frequently asked questions about JupUSD and JUICED.

## General

<AccordionGroup>
  <Accordion title="What is JupUSD?">
    JupUSD is a Solana-native stablecoin pegged 1:1 to the U.S. dollar, built by Jupiter in partnership with Ethena. Each token is backed by reserve assets (USDtb and USDC) held in custody.

    See the [JupUSD Overview](/user-docs/earn/jupusd) for full details.
  </Accordion>

  <Accordion title="What assets back JupUSD?">
    JupUSD reserves are composed of Ethena's USDtb and USDC, held in an Anchorage Porto Wallet. The target composition is 90% USDtb and 10% USDC. This ratio can fluctuate after large mints or redeems and is automatically rebalanced daily.

    USDtb itself is backed by BlackRock's BUIDL fund (a tokenised U.S. Treasury fund).

    Reserve data is publicly verifiable on the [JupUSD Transparency page](https://jupusd.money/transparency).
  </Accordion>

  <Accordion title="How is the \$1 peg maintained?">
    Through two mechanisms: authorised market makers arbitrage price differences across Solana venues using direct mint/redeem access, and an automated peg bot monitors the price and corrects deviations using the mint/redeem program.

    These mechanisms work under normal market conditions. Extreme events could temporarily affect the peg.
  </Accordion>

  <Accordion title="What is the JupUSD mint address?">
    [`JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD`](https://solscan.io/token/JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD)

    Always verify this address before interacting with JupUSD on any platform.
  </Accordion>
</AccordionGroup>

***

## Getting and using JupUSD

<AccordionGroup>
  <Accordion title="How do I get JupUSD?">
    Swap for JupUSD on [Jupiter Swap](https://jup.ag/), Jupiter Mobile, or any Solana DEX that supports JupUSD pairs. No KYC or whitelisting required.
  </Accordion>

  <Accordion title="Can I mint JupUSD directly?">
    Direct minting and redemption is restricted to registered benefactors (KYC'd/KYB'd market makers and institutional partners).

    Retail users do not need to mint. JupUSD is available permissionlessly through Jupiter Swap and other Solana platforms.
  </Accordion>

  <Accordion title="Where can I use JupUSD?">
    JupUSD is supported across Jupiter products and Solana DeFi:

    * **Jupiter Swap** for trading
    * **Jupiter Lend** for lending and borrowing
    * **JUICED** for yield (see below)
    * Any Solana DeFi protocol that supports JupUSD
  </Accordion>

  <Accordion title="What fees apply?">
    A 0.04% fee (of the transaction amount) applies to mint and redeem transactions through the JupUSD program. This fee does not apply to swaps on DEXs or aggregators, which are subject only to their own platform fees.

    Fees and parameters may change over time.
  </Accordion>
</AccordionGroup>

***

## Yield and JUICED

<AccordionGroup>
  <Accordion title="Does holding JupUSD earn yield?">
    No. JupUSD does not accrue any yield on its own. To earn yield on your JupUSD position, you need to convert it into [JUICED](/user-docs/earn/jupusd/juiced).
  </Accordion>

  <Accordion title="What is JUICED?">
    JUICED is a yield-bearing SPL token that represents a JupUSD deposit in Jupiter Lend. It earns yield from two sources: T-bill yield (interest from U.S. Treasury-backed reserves) and borrowing interest from Jupiter Lend.

    JUICED follows a vault share model: its exchange rate against JupUSD appreciates over time as yield accrues, rather than distributing yield separately.

    See the [JUICED page](/user-docs/earn/jupusd/juiced) for full details.
  </Accordion>

  <Accordion title="How do I get JUICED?">
    Two options:

    1. **Swap** for JUICED on Jupiter Swap. The aggregator handles the deposit automatically.
    2. **Deposit** JupUSD directly into Jupiter Lend → Earn.

    Both methods give you the same JUICED token in your wallet.
  </Accordion>

  <Accordion title="Where does JUICED yield come from?">
    From two sources, both accrued into the JUICED token price:

    * **T-bill yield**: generated by the reserves backing minted JupUSD (primarily USDtb/BUIDL), distributed through Ethena via Jupiter's rewards distributor.
    * **Borrowing yield**: interest paid by users who borrow JupUSD on Jupiter Lend. Variable based on utilisation.
  </Accordion>

  <Accordion title="Is the yield guaranteed?">
    No. Both yield sources are variable.

    T-bill yield depends on macroeconomic conditions and the reserve composition. Borrowing yield depends on JupUSD utilisation on Jupiter Lend. Both can fluctuate, and past or current rates do not indicate future performance.
  </Accordion>

  <Accordion title="What is yield dilution?">
    T-bill yield is generated by the reserves backing the total *minted* JupUSD supply, but distributed across the total *JUICED* supply. If more JupUSD is deposited into JUICED than has been minted, the T-bill yield per unit is diluted.

    **Example:** if 100M JupUSD is minted but 120M JupUSD is deposited into JUICED, the T-bill yield generated on 100M is split across 120M holders. Each unit receives \~83% of the full rate.

    Borrowing yield is not affected by this. See the [yield dilution section](/user-docs/earn/jupusd/juiced#yield-dilution) for a detailed explanation.
  </Accordion>

  <Accordion title="Can I use JUICED as collateral?">
    Yes. You can borrow USDC, USDT, or USDG against JUICED on Jupiter Lend. Your JUICED continues to earn yield while being used as collateral.

    Be aware that borrowing introduces liquidation risk. If the value of your collateral falls below the required threshold, your position may be liquidated.
  </Accordion>

  <Accordion title="Is there a lock-up period for JUICED?">
    No. There is no lock-up and no withdrawal delay. You can convert JUICED back to JupUSD or swap it at any time.
  </Accordion>
</AccordionGroup>

***

## Security

<AccordionGroup>
  <Accordion title="Is JupUSD audited?">
    Yes. JupUSD's smart contracts have been audited by three independent firms:

    * [Offside Labs](https://jupusd.money/homepage/audits/offsidelabs.pdf)
    * [Guardian](https://jupusd.money/homepage/audits/guardian.pdf)
    * [Pashov](https://jupusd.money/homepage/audits/pashov.pdf)
  </Accordion>

  <Accordion title="What are the risks?">
    JupUSD carries smart contract risk, custodian risk (Anchorage), third-party risk (Ethena, BUIDL), oracle risk (Pyth, no fallback), and liquidity/market risk. JUICED adds Jupiter Lend smart contract risk, variable yield risk, and liquidation risk if used as collateral.

    See the risk sections on the [JupUSD Overview](/user-docs/earn/jupusd#risks) and the [JUICED page](/user-docs/earn/jupusd/juiced#risks) for details.
  </Accordion>

  <Accordion title="Where can I verify reserves and key addresses?">
    * [JupUSD Transparency page](https://jupusd.money/transparency) for real-time reserve composition and backing data.
    * [JupUSD Dune Dashboard](https://dune.com/jupiter/jupusd) for onchain metrics.
    * Key addresses are listed on the [JupUSD Overview](/user-docs/earn/jupusd#key-addresses), including the mint, program, custodian, and multisig addresses.
  </Accordion>
</AccordionGroup>


# JupUSD
Source: https://docs.jup.ag/user-docs/earn/jupusd/index

A Solana-native, reserve-backed stablecoin pegged to the U.S. dollar.

## What is JupUSD?

JupUSD is a Solana-native stablecoin pegged 1:1 to the U.S. dollar, built by Jupiter in partnership with [Ethena](https://ethena.fi/).

Each JupUSD token is backed by reserve assets held in custody. The target reserve composition is 90% [USDtb](https://usdtb.money/) and 10% USDC. This ratio can fluctuate following large mints or redeems, and is automatically rebalanced daily.

Reserve data is publicly verifiable on the [JupUSD Transparency page](https://jupusd.money/transparency).

<Info>
  JupUSD does not generate yield on its own. To access yield from the underlying reserves, see [JUICED](/user-docs/earn/jupusd/juiced).
</Info>

**Mint address:** [`JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD`](https://solscan.io/token/JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD)

<Card title="JupUSD Token Page" icon="arrow-up-right-from-square" href="https://jup.ag/tokens/JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD">
  View live price, market data, and buy JupUSD directly on Jupiter Spot.
</Card>

***

## How JupUSD works

JupUSD is minted and redeemed against reserve assets. Each token is backed 1:1 by reserves held in an [Anchorage](https://www.anchorage.com/) Porto Wallet.

The process works as follows:

* **Minting** transfers collateral (USDC or USDtb) to the custodian and issues new JupUSD tokens in return.
* **Redeeming** burns JupUSD tokens and returns the corresponding collateral to the user.

Direct minting and redemption is restricted to registered benefactors (KYC'd/KYB'd market makers and institutional partners). Retail users access JupUSD through Jupiter Swap, Jupiter Mobile, or other Solana DeFi platforms.

For technical details on minting and redeeming, see the [Mint & Redeem documentation](https://developers.jup.ag/docs/jupusd).

Reserve assets are periodically rebalanced between the onchain mint/redeem program and custodial reserves to maintain sufficient redemption liquidity and the target reserve composition.

***

## Peg stability

JupUSD's peg to \$1 is maintained through two mechanisms:

1. **Market maker arbitrage.** Authorised market makers with direct mint/redeem access arbitrage price differences across Solana trading venues. If JupUSD trades below \$1, they can buy it cheaply and redeem it at par. If it trades above \$1, they can mint new JupUSD and sell it.
2. **Automated peg bot.** An automated bot monitors the JupUSD price and uses the mint/redeem program to correct deviations from the \$1 peg.

<Warning>
  These mechanisms maintain the peg under normal market conditions. Extreme market events, liquidity shortages, or technical disruptions could temporarily affect the peg.
</Warning>

***

## Fees

A **0.04% fee** (of the transaction amount) applies to all mint and redeem transactions through the JupUSD program.

Swaps involving JupUSD on DEXs or aggregators (including Jupiter Swap) are subject only to the platform's standard trading fees. The 0.04% mint/redeem fee does not apply to swaps.

<Note>
  Fees and other program parameters may be updated over time. This page reflects current values at the time of writing.
</Note>

***

## Yield

**JupUSD does not accrue yield.** Holding JupUSD in your wallet does not generate any return.

The reserves backing JupUSD (primarily USDtb, which is backed by BlackRock's BUIDL fund) generate T-bill yield (interest from U.S. Treasury-backed reserves). However, this yield is not passed through to JupUSD holders directly.

<Tip>
  To access yield, convert JupUSD into [**JUICED**](/user-docs/earn/jupusd/juiced), a yield-bearing token available through Jupiter Lend or Jupiter Swap. JUICED accrues yield from two sources: T-bill yield from the underlying reserves, and borrowing interest from Jupiter Lend.
</Tip>

For full details on how yield works, see the [JUICED page](/user-docs/earn/jupusd/juiced).

***

## How to get JupUSD

<Tabs>
  <Tab title="Retail users">
    You can acquire JupUSD by swapping on any of the following platforms:

    * [Jupiter Swap](https://jup.ag/)
    * [Jupiter Mobile](https://jup.ag/mobile)
    * Any Solana DEX or aggregator that supports JupUSD pairs

    No KYC or whitelisting is required to buy or hold JupUSD.
  </Tab>

  <Tab title="Institutional / Market makers">
    Registered benefactors (KYC'd/KYB'd participants) can mint and redeem JupUSD directly through the JupUSD program.

    See the [Mint & Redeem documentation](https://developers.jup.ag/docs/jupusd) for integration details (SDK, Web API, and UI).
  </Tab>
</Tabs>

<Warning>
  Always verify the mint address before interacting with JupUSD: [`JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD`](https://solscan.io/token/JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD)
</Warning>

***

## Where to use JupUSD

<CardGroup>
  <Card title="Jupiter Lend" icon="piggy-bank" href="/user-docs/earn/lend/earn">
    Lend JupUSD to earn borrowing interest, or borrow against it.
  </Card>

  <Card title="Jupiter Swap" icon="arrows-rotate" href="https://jup.ag/">
    Trade JupUSD against other tokens.
  </Card>

  <Card title="JUICED" icon="chart-line" href="/user-docs/earn/jupusd/juiced">
    Deposit JupUSD to receive a yield-bearing token.
  </Card>

  <Card title="Solana DeFi" icon="globe">
    Use JupUSD on any platform that supports it (LPs, lending protocols, etc.).
  </Card>
</CardGroup>

***

## Risks

Like all onchain assets, JupUSD carries risks that cannot be fully eliminated. Users should understand the following before interacting with JupUSD.

<AccordionGroup>
  <Accordion title="Smart contract risk">
    JupUSD relies on Solana programs for minting, redemption, and peg stability. While these programs have been audited (see below), bugs or vulnerabilities in smart contracts can never be fully ruled out.
  </Accordion>

  <Accordion title="Custodian risk">
    Reserve assets are held in an Anchorage Porto Wallet. Users are exposed to the operational and security risks of the custodian. If the custodian were compromised or unable to operate, access to reserves could be delayed or impaired.
  </Accordion>

  <Accordion title="Third-party platform risk">
    JupUSD depends on Ethena (USDtb issuer) and the underlying assets (including BlackRock's BUIDL). Changes in the operations, solvency, or regulatory status of these third parties could affect JupUSD's backing.
  </Accordion>

  <Accordion title="Liquidity and market risk">
    Under extreme market conditions, JupUSD may temporarily trade away from its \$1 peg. Redemption liquidity depends on the available collateral in the onchain program vault, which is periodically replenished from custodial reserves.
  </Accordion>

  <Accordion title="Oracle risk">
    The JupUSD mint/redeem program uses Pyth oracle feeds to validate collateral pricing. If oracle data is unavailable or unreliable, mint and redeem operations may temporarily fail. There is no fallback oracle mechanism.
  </Accordion>
</AccordionGroup>

***

## Security and transparency

### Audits

JupUSD's smart contracts have been audited by three independent firms:

<CardGroup>
  <Card title="Offside Labs" icon="file" href="https://jupusd.money/homepage/audits/offsidelabs.pdf">
    View report
  </Card>

  <Card title="Guardian" icon="file" href="https://jupusd.money/homepage/audits/guardian.pdf">
    View report
  </Card>

  <Card title="Pashov" icon="file" href="https://jupusd.money/homepage/audits/pashov.pdf">
    View report
  </Card>
</CardGroup>

### Dashboard and transparency

* [JupUSD Transparency page](https://jupusd.money/transparency) — reserve composition and real-time backing data.
* [JupUSD Dune Dashboard](https://dune.com/jupiter/jupusd) — onchain metrics and analytics.

### Key addresses

| Label | Address |
| - | - |
| **Mint** | [`JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD`](https://solscan.io/token/JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD) |
| **Program** | [`JUPUSDecMzAVgztLe6eGhwUBj1Pn3j9WAXwmtHmfbRr`](https://solscan.io/account/JUPUSDecMzAVgztLe6eGhwUBj1Pn3j9WAXwmtHmfbRr) |
| **Custodian (reserves)** | [`B3q4P4XSmycvoHLaiEjchsGDafFPhKokvHvNRuW29N1y`](https://solscan.io/account/B3q4P4XSmycvoHLaiEjchsGDafFPhKokvHvNRuW29N1y) |
| **Program reserves** | [`CkzLnD9r4d4ZZofsgNVo2VNunxDmte5YJ4vfAgMfBZNA`](https://solscan.io/account/CkzLnD9r4d4ZZofsgNVo2VNunxDmte5YJ4vfAgMfBZNA) |
| **Multisig (update authority)** | [`31wgH9Czzd3qgquTGxVxtxJuzBd8Fm4xEo8rPX7CNfhM`](https://solscan.io/account/31wgH9Czzd3qgquTGxVxtxJuzBd8Fm4xEo8rPX7CNfhM) |

## Related Pages

* [JUICED](/user-docs/earn/jupusd/juiced) — A yield-bearing token backed by JupUSD. Earns T-bill yield and borrowing interest from Jupiter Lend
* [JupUSD FAQ](/user-docs/earn/jupusd/faq) — Frequently asked questions about JupUSD and JUICED


# JUICED
Source: https://docs.jup.ag/user-docs/earn/jupusd/juiced

A yield-bearing token backed by JupUSD. Earns T-bill yield and borrowing interest from Jupiter Lend.

## What is JUICED?

JUICED is a yield-bearing SPL token that represents a deposit of [JupUSD](/user-docs/earn/jupusd) in Jupiter Lend. Holding JUICED gives you exposure to two yield sources without any active management.

JUICED follows a vault share model: rather than distributing yield separately, the JUICED/JupUSD exchange rate increases over time as yield accrues. When you withdraw, you receive more JupUSD than you deposited.

JUICED lives in your wallet like any other token. You can hold it, transfer it, or use it as collateral on Jupiter Lend to borrow USDC, USDT, or USDG.

**Mint address:** [`7GxATsNMnaC88vdwd2t3mwrFuQwwGvmYPrUQ4D6FotXk`](https://solscan.io/token/7GxATsNMnaC88vdwd2t3mwrFuQwwGvmYPrUQ4D6FotXk)

<Card title="JUICED Token Page" icon="arrow-up-right-from-square" href="https://jup.ag/tokens/7GxATsNMnaC88vdwd2t3mwrFuQwwGvmYPrUQ4D6FotXk">
  View live price, market data, and buy JUICED directly on Jupiter Spot.
</Card>

***

## How to get JUICED

There are two ways to acquire JUICED:

<Tabs>
  <Tab title="Swap">
    Buy JUICED directly on [Jupiter Swap](https://jup.ag/). The aggregator handles the underlying JupUSD deposit into Jupiter Lend automatically.

    This is the simplest path. You swap any supported token for JUICED in a single transaction.
  </Tab>

  <Tab title="Deposit">
    Deposit JupUSD into Jupiter Lend → Earn to receive JUICED tokens.

    <Steps>
      <Step title="Get JupUSD">
        Acquire JupUSD through Jupiter Swap or any supported Solana platform.
      </Step>

      <Step title="Go to Jupiter Lend">
        Navigate to the Earn section of [Jupiter Lend](https://jup.ag/lend).
      </Step>

      <Step title="Deposit JupUSD">
        Select JupUSD and enter the amount you want to deposit. You will receive JUICED tokens in your wallet.
      </Step>
    </Steps>
  </Tab>
</Tabs>

***

## How JUICED works

<Check>
  No lock-up period. No withdrawal delay. No fees on yield. You can exit at any time.
</Check>

JUICED follows a **vault share model**. When you deposit JupUSD, you receive JUICED tokens at the current exchange rate. As yield accrues, the exchange rate between JUICED and JupUSD increases over time.

This means:

* You don't need to claim yield separately. It is reflected in the JUICED token price.
* When you convert JUICED back to JupUSD (by withdrawing or swapping), you receive more JupUSD than you originally deposited, proportional to the yield earned.

***

## Yield sources

JUICED earns yield from two independent sources. Both are accrued directly into the JUICED token price.

<Tabs>
  <Tab title="T-bill yield">
    The reserves backing minted JupUSD (target composition: 90% Ethena's USDtb, 10% USDC) generate T-bill yield (interest from U.S. Treasury-backed reserves). USDtb is backed by BlackRock's BUIDL fund. This yield flows to the JUICED vault through Ethena, via Jupiter's rewards distributor.

    **Important:** T-bill yield is generated by the reserves backing the total *minted* JupUSD supply, not the total JUICED supply. If the amount of JupUSD deposited into JUICED exceeds the total minted JupUSD supply, the T-bill yield per unit of JUICED is diluted. See [Yield dilution](#yield-dilution) below.

    Currently, a static 3% T-bill yield is distributed up to 100M JUICED supply. Beyond that threshold, the T-bill yield per unit will decrease as supply grows.
  </Tab>

  <Tab title="Borrowing yield">
    When users borrow JupUSD on Jupiter Lend, they pay interest. This interest is distributed to JUICED holders as additional yield.

    Borrowing yield is variable. It depends on the utilisation rate of JupUSD on Jupiter Lend: higher utilisation means more borrowing demand, which means higher interest rates flowing to JUICED holders.
  </Tab>
</Tabs>

<Warning>
  Yield rates are variable and not guaranteed. Both T-bill yield and borrowing yield can fluctuate based on market conditions, reserve composition, and lending activity. Past or current rates are not indicative of future performance.
</Warning>

***

## Yield dilution

The T-bill yield component deserves specific attention because its per-unit distribution depends on the relationship between two numbers:

* **Minted JupUSD supply**: the total JupUSD that has been minted against reserves. This is what generates T-bill yield.
* **JUICED supply**: the total JupUSD deposited into the JUICED vault. This is what the yield is distributed across.

If JUICED supply is less than or equal to minted JupUSD supply, the full T-bill yield rate applies. If JUICED supply exceeds minted supply (because JupUSD circulates on secondary markets before being deposited), the T-bill yield per JUICED token is diluted proportionally.

**Example:** if 100M JupUSD is minted (generating T-bill yield on 100M) but 120M JupUSD is deposited into JUICED, the T-bill yield generated on 100M is split across 120M holders. Each unit receives \~83% of the full rate.

Borrowing yield is not affected by this dynamic. It comes from lending activity on Jupiter Lend and is additive to the T-bill yield.

***

## Using JUICED as collateral

JUICED can be used as collateral on Jupiter Lend. This means you can:

* Hold JUICED to earn yield
* Simultaneously borrow USDC, USDT, or USDG against your JUICED position

This allows you to remain exposed to JUICED yield while accessing liquidity through borrowing.

<Warning>
  Borrowing against JUICED creates a leveraged position. If the value of your collateral drops relative to your debt, your position may be liquidated. Understand the liquidation parameters on Jupiter Lend before borrowing.
</Warning>

<Card title="JUICED Collateral Integration" icon="arrow-up-right-from-square" href="https://developers.jup.ag/docs/jupusd/juiced">
  Technical documentation for integrating JUICED as collateral (SDK, Web API, and UI).
</Card>

***

## Risks

All [JupUSD risks](/user-docs/earn/jupusd#risks) apply to JUICED, since JUICED is backed by JupUSD. In addition, JUICED carries the following specific risks:

<AccordionGroup>
  <Accordion title="Jupiter Lend smart contract risk">
    JUICED depends on the Jupiter Lend protocol. A vulnerability in the lending contracts could affect deposits, withdrawals, or yield distribution, independently of the JupUSD program itself.
  </Accordion>

  <Accordion title="Variable yield">
    Neither the T-bill yield nor the borrowing yield is fixed. T-bill rates depend on macroeconomic conditions and the reserve composition. Borrowing yield depends on JupUSD utilisation on Jupiter Lend. Both can decrease, and total yield could be lower than current or historical rates.
  </Accordion>

  <Accordion title="T-bill yield dilution">
    As described above, the T-bill yield per JUICED token decreases if more JupUSD is deposited into JUICED than has been minted against reserves. This dilution effect grows as JUICED supply increases beyond the minted JupUSD supply.
  </Accordion>

  <Accordion title="T-bill yield continuity">
    The T-bill yield depends on Ethena's distribution of reserve income. Changes in Ethena's operations, the regulatory environment, or the reserve composition could affect or interrupt this yield source.
  </Accordion>

  <Accordion title="Liquidation risk (if used as collateral)">
    If you borrow against JUICED on Jupiter Lend, your position is subject to liquidation if the collateral value falls below the required threshold. This is an additional risk on top of holding JUICED.
  </Accordion>
</AccordionGroup>


# Borrow on Jupiter Lend
Source: https://docs.jup.ag/user-docs/earn/lend/borrow/introduction

Borrow on Jupiter Lend lets you deposit collateral and borrow stablecoins without selling your assets, with specialized vault types and low fees.

## What is Borrow

Borrow on Jupiter Lend lets you unlock liquidity without selling your assets.

You can deposit tokens like SOL, mSOL, or JitoSOL as collateral, and borrow another asset, usually a stablecoin such as USDC or USDT. This means you can keep exposure to your tokens while using the borrowed funds to trade, invest, or earn yield elsewhere.

<AccordionGroup>
  <Accordion title="Core features">
    **Collateralized loans** — Every loan is overcollateralized: your deposited assets must be worth more than what you borrow. Each collateral type has its own Loan-to-Value (LTV) ratio that determines your maximum borrowing limit.

    **Dynamic interest rates** — Borrow rates adjust based on the utilization of each asset across the protocol. When borrowing demand for an asset is high, its rate rises to protect liquidity. When demand is low, the rate falls. Each token has its own rate curve, which you can inspect on the [Statistics page](/user-docs/earn/lend/statistics). Some vaults may also benefit from borrow discounts that reduce the effective rate (see [Borrow discounts and negative rates](/user-docs/earn/lend/earn#borrow-discounts-and-negative-rates) on the Earn page).

    **Liquidation system** — If your collateral value drops, your Position Health status moves closer to the Liquidation Threshold (LT). When it reaches the threshold, Jupiter Lend automatically liquidates just enough collateral to restore safety. Liquidations are partial by default: only the minimum amount required to bring the position back to a healthy state is sold.

    <Note>
      Liquidations are partial, not total. Only what's required to restore your position is sold. The liquidation penalty applies only to the liquidated portion and varies by vault.
    </Note>

    **Example:**

    *You deposit 10 SOL worth \$2,000 into a vault.*

    *If the LTV for SOL is 75%, you can borrow up to \$1,500 USDC. Your position remains healthy as long as your debt-to-collateral ratio stays below the Liquidation Threshold.*

    *If SOL's price falls and your ratio crosses the threshold, a small portion of your SOL is sold to repay part of your debt and bring the position back to safety.*

    <Tip>
      Always monitor your Position Health status directly in the Jupiter Lend interface.
    </Tip>
  </Accordion>

  <Accordion title="Net APY">
    Net APY is the effective annual return on your position's net value, which is your total collateral minus your total debt. It was previously labelled Final APY. It factors in both:

    * Interest earned on your supplied collateral (if applicable)
    * Interest paid on your borrowed asset

    The displayed percentage applies to your net value only, not to your total collateral. The higher your leverage, the smaller your net value relative to the total position, so this distinction becomes more significant as leverage increases.

    **Example:**

    *You deposit \$1,000 of SOL and borrow \$500 USDC. Your net value is \$500. If the Net APY is 10%, you earn 10% on that \$500, not on the full \$1,000 of collateral.*
  </Accordion>

  <Accordion title="Vault actions">
    Jupiter Lend allows you to deposit, borrow, repay, or swap within a single transaction. This reduces the number of steps required to manage your position and limits exposure to intermediate states.
  </Accordion>
</AccordionGroup>

## Why use Borrow

Borrowing on Jupiter Lend gives you flexibility and control over your on-chain capital:

<Columns>
  <Card title="Unlock liquidity without selling" icon="money-bills">
    Access capital while keeping exposure to the assets you believe in.
  </Card>

  <Card title="Stay productive with your capital" icon="money-check-dollar">
    Use borrowed funds to trade, farm, hedge, or diversify. You can also borrow yield-bearing assets to remain capital-efficient.
  </Card>
</Columns>

<Columns>
  <Card title="Full flexibility" icon="lock-keyhole-open">
    No lockups. Repay anytime, based on your strategy and market conditions.
  </Card>

  <Card title="Clear parameters, real-time control" icon="arrow-right-arrow-left">
    Transparent risk metrics, live monitoring, and automated liquidations designed to minimize unnecessary impact.
  </Card>
</Columns>

## Specialized Vault Types

Beyond standard collateral vaults, Jupiter Lend supports additional vault types that extend what you can borrow against:

<CardGroup>
  <Card title="Native Staked Vaults" icon="lock" href="/user-docs/earn/lend/borrow/native-staked-vaults">
    Borrow SOL against your natively staked SOL, without unstaking and without interrupting staking rewards. Each vault is linked to a specific validator.
  </Card>

  <Card title="JUICED" icon="coins" href="/user-docs/earn/lend/borrow/juiced">
    Use JUICED (the JL Token for JupUSD) as collateral to borrow stablecoins. Your JUICED continues to accrue yield while locked as collateral.
  </Card>

  <Card title="Smart Vaults" icon="vault" href="/user-docs/earn/lend/smart-vaults">
    Vaults where the collateral, the debt, or both are token pairs serving as Jupiter AMM liquidity. Trading fees add to your yield or reduce your borrow cost. In the Borrow vault list, use the **Smart Vaults** toggle to display them.
  </Card>

  <Card title="xStocks" icon="chart-line" href="/user-docs/earn/lend/borrow/xstocks">
    Use tokenized U.S. equities and ETFs as collateral to borrow stablecoins or open leveraged positions.
  </Card>
</CardGroup>

## How it works

You open a borrow position by depositing supported assets as collateral and borrowing another token against it. The maximum you can borrow depends on the vault's LTV ratio.

Your position is then continuously evaluated using real-time oracle prices to track risk and ensure the vault remains properly collateralized.

<AccordionGroup>
  <Accordion title="Opening a Borrow Position">
    When you borrow, Jupiter Lend creates a dedicated vault for your position.

    This vault stores your deposited collateral, the borrowed amount, and key parameters such as LTV, Position Health, and liquidation thresholds.

    Your borrowing capacity depends on the asset's Loan-to-Value (LTV) ratio. For example, if SOL has an LTV of 75%, you can borrow up to 75% of your collateral's value in USD.

    **Example:**

    *You deposit 10 SOL worth \$2,000.*

    *At 75% LTV, your maximum borrow amount is \$1,500 USDC.*

    *Borrowing less than the maximum gives you a safety buffer against price drops.*

    ### Position NFT

    Each Borrow or Multiply position is represented by a Position NFT, created when the position is opened.

    This NFT stores all position data (collateral, debt, risk parameters) and represents ownership of the position. It is transferable: moving it to another wallet transfers the entire position.

    <Warning>
      Do not burn this NFT. It is required to manage and withdraw the funds associated with the position.
    </Warning>
  </Accordion>

  <Accordion title="Understanding Your Position">
    Several key metrics determine your position's safety and risk level:

    **Loan-to-Value (LTV)** is the maximum percentage of your collateral's value that you can borrow. Each vault has a specific LTV. Borrowing at or near the maximum LTV leaves very little margin before liquidation.

    **Liquidation Threshold (LT)** is the debt-to-collateral ratio at which your vault becomes eligible for partial liquidation. The LT is always higher than the LTV, which is what creates the safety buffer between your maximum borrow and the liquidation point.

    **Liquidation Max Limit (LML)** is the hard limit. If your ratio exceeds this value, the position exits the normal tick-based liquidation system and is fully liquidated to zero.

    **Position Health** is the status that shows how close your position is to liquidation. It reflects your current debt-to-collateral ratio relative to the Liquidation Threshold. The closer you are to the threshold, the higher the risk.

    <Tip>
      Keep a comfortable margin below the Liquidation Threshold. The protocol continuously checks these values using live price feeds from Chainlink, Pyth, and Redstone.
    </Tip>

    Your Position Health updates automatically as prices fluctuate, ensuring your vault always reflects real-time market conditions.

    <Warning>
      When your Position Health reaches the Liquidation Threshold, the system automatically starts a partial liquidation to restore balance.
    </Warning>
  </Accordion>

  <Accordion title="Managing Your Position">
    You can view and manage your vault directly from the Borrow page.

    Each position displays its collateral value, borrowed amount, LTV, and Position Health, all updated in real time.

    You can:

    * Repay part or all of your loan at any time.
    * Withdraw part of your collateral if your Position Health remains safe.
    * Close your position fully by repaying your total borrowed balance.

    <Tip>
      Keeping a healthy margin below the Liquidation Threshold ensures your position stays safe during price volatility.
    </Tip>
  </Accordion>

  <Accordion title="Liquidation Logic (simplified)">
    If your collateral value falls and your debt-to-collateral ratio exceeds the Liquidation Threshold, the protocol triggers a tick-based partial liquidation.

    Only the minimum amount of collateral needed to bring the ratio back to the Liquidation Threshold is sold. The position is no longer in the liquidatable zone immediately after, but it sits at the threshold. If the collateral value drops further, additional partial liquidations may occur. The liquidation penalty applies only to the portion that is liquidated, not to your entire position. The penalty rate varies by vault.

    If the ratio exceeds the Liquidation Max Limit (LML), the position exits the tick system and is fully liquidated.

    Afterward, the position vault is automatically rebalanced and recalculated.
  </Accordion>
</AccordionGroup>

## Fees

The primary cost of borrowing is the variable interest rate you pay on your loan, which is displayed for each asset.

* **Protocol fee:** The protocol does not charge any additional fees on top of interest payments.
* **Solana network costs:**
  * Metaplex metadata account: \~0.0151 SOL (to display the NFT name and logo)
  * NFT position account: \~0.00146 SOL (network rent for the NFT)
  * Tick initialization: \~0.00246 SOL (allows debt-to-collateral ratio setup for your specific borrowed asset pair)

<Accordion title="What is a Tick Initialization?">
  Jupiter Lend uses a tick-based system to manage liquidations across different debt-to-collateral ratios.

  A tick represents a specific ratio level inside a vault. When a position enters a new ratio level that hasn't been used before, the protocol initializes the corresponding tick on-chain. Ticks are spaced by 0.15% and are shared globally within a vault: once a tick is initialized by any user, all users can reuse it. Each tick is created only once per vault.

  As vault usage increases, fewer new ticks need to be initialized, which reduces transaction costs over time.

  **Tick initialization during liquidations:**

  In some cases, liquidations require initializing an additional on-chain account to store liquidation data for a given tick. Each liquidation-related tick account can record up to three liquidations. After the third, a new one may need to be initialized. These liquidation tick accounts are:

  * Shared globally per tick per vault (not per user)
  * Initialized only when needed
  * Usable for three liquidations before a new one is required

  This tick-based design is a key reason why liquidations on Jupiter Lend are efficient and minimally punitive, enabling lower liquidation penalties and higher LTVs.
</Accordion>

***

<Columns>
  <Card title="Using Borrow: Step-by-Step Walkthrough" icon="book-open-cover" href="/user-docs/earn/lend/guides/using-borrow">
    Navigate the Borrow page, create and manage positions, and review your transaction history.
  </Card>

  <Card title="Learn more on Jupiter Academy" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-borrow">
    Accessing Liquidity with Jupiter Borrow — a guided lesson on how Borrow works.
  </Card>
</Columns>


# JUICED on Jupiter Lend
Source: https://docs.jup.ag/user-docs/earn/lend/borrow/juiced

Earn yield on JupUSD through Jupiter Lend. Use JUICED as collateral to borrow stablecoins.

## What is JUICED

JUICED is the JL Token you receive when depositing [JupUSD](/user-docs/earn/jupusd) into Jupiter Lend's Earn product. Like other JL Tokens (JL-USDC, JL-SOL), it represents your share of the lending pool and accrues yield over time.

What makes JUICED different from other JL Tokens is that it earns from two yield sources instead of one: borrowing interest from Jupiter Lend (like all JL Tokens), plus Treasury Bill (T-bill) yield from the reserves backing JupUSD.

JUICED is a standard Solana Program Library (SPL) token that lives in your wallet. You can hold it, transfer it, swap it, or use it as collateral to borrow on Jupiter Lend.

**Mint address:** [`7GxATsNMnaC88vdwd2t3mwrFuQwwGvmYPrUQ4D6FotXk`](https://solscan.io/token/7GxATsNMnaC88vdwd2t3mwrFuQwwGvmYPrUQ4D6FotXk)

***

## How to get JUICED

<Tabs>
  <Tab title="Swap">
    Buy JUICED directly on [Jupiter Swap](https://jup.ag/). The aggregator routes through the deposit automatically, so you get JUICED in a single transaction without manually depositing into Earn.
  </Tab>

  <Tab title="Deposit via Earn">
    Deposit JupUSD into the Earn lending pool to receive JUICED in your wallet.

    <Steps>
      <Step title="Get JupUSD">
        Acquire JupUSD through [Jupiter Swap](https://jup.ag/) or any Solana platform that supports it.
      </Step>

      <Step title="Open the Earn page">
        Navigate to the JupUSD pool on [Jupiter Lend → Earn](https://jup.ag/lend).
      </Step>

      <Step title="Deposit">
        Enter the amount of JupUSD you want to supply. Confirm the transaction. You will receive JUICED tokens in your wallet.
      </Step>
    </Steps>

    For a detailed walkthrough of the Earn interface, see [Using Earn](/user-docs/earn/lend/guides/using-earn).
  </Tab>
</Tabs>

***

## How JUICED works

### Vault share model

JUICED works like other JL Tokens: it follows a vault share model. The JUICED/JupUSD exchange rate increases over time as yield accrues. When you withdraw, you receive more JupUSD than you deposited, proportional to the yield earned during the period.

There is no lock-up and no withdrawal delay. You can convert JUICED back to JupUSD or swap it at any time.

### Two yield sources

Unlike standard JL Tokens that only earn borrowing interest, JUICED accrues yield from two sources. Both are reflected directly in the token price.

**Borrowing interest** — When users borrow JupUSD on Jupiter Lend, they pay interest. This interest is distributed to JUICED holders, just like any other Earn pool. The rate is variable and depends on the JupUSD pool's utilization rate.

**T-bill yield** — The reserves backing minted JupUSD (primarily Ethena's USDtb, backed by BlackRock's BUIDL fund) generate T-bill yield. This yield flows to the JUICED holders through Jupiter's rewards distributor.

T-bill yield is generated by the reserves backing the total *minted* JupUSD supply, not the total JUICED supply. If the JUICED supply exceeds the minted JupUSD supply, the T-bill yield per unit is diluted. For a detailed explanation of this mechanic, see [Yield dilution](/user-docs/earn/jupusd/juiced#yield-dilution) in the JupUSD documentation.

<Note>
  There are no additional fees on JUICED yield beyond the standard 10% reserve factor applied to borrowing interest across all Earn pools.
</Note>

***

## Using JUICED as collateral

JUICED is accepted as collateral on Jupiter Lend. This means you can earn yield on your JupUSD position while simultaneously borrowing against it.

### Supported borrow assets

JUICED can be used as collateral to borrow stablecoins on Jupiter Lend. The exact list of supported borrow assets is managed by the protocol and may be updated over time.

To see the current list of borrow assets available against JUICED collateral, open the JUICED vault on the [Jupiter Lend Borrow page](https://jup.ag/lend) or check the [Statistics page](/user-docs/earn/lend/statistics).

### Parameters

The collateral parameters for JUICED (Loan-to-Value, Liquidation Threshold, Liquidation Penalty, and borrow caps) are managed by the protocol and may be updated over time. The values currently in effect are visible directly in the Jupiter Lend interface when you open a JUICED vault, and on the [Statistics page](/user-docs/earn/lend/statistics).

For definitions of each parameter, see [Protocol Details](/user-docs/earn/lend/protocol-details).

<Card title="View current parameters" icon="book" href="/user-docs/earn/lend/protocol-details">
  Definitions of LTV, Liquidation Threshold, Liquidation Penalty, and other vault parameters used across Jupiter Lend.
</Card>

### How borrowing against JUICED works

When you supply JUICED as collateral and open a borrow position:

1. Your JUICED tokens continue to accrue yield (both borrowing interest and T-bill yield) while locked as collateral.
2. You receive the borrowed asset (e.g., USDC) in your wallet.
3. Your position is monitored against the Liquidation Threshold. If the value of your JUICED collateral drops relative to your debt, the position may be partially or fully liquidated.

For details on how liquidations are processed, see [Liquidation Mechanism](/user-docs/earn/lend/liquidation-mechanism). For a walkthrough of opening and managing a borrow position, see [Using Borrow](/user-docs/earn/lend/guides/using-borrow).

<Warning>
  Borrowing against JUICED creates a leveraged position. While JUICED is designed to appreciate over time, its value depends on yield accrual and the underlying JupUSD peg. Understand the liquidation parameters before borrowing.
</Warning>

***

## Risks

All standard Earn risks apply to JUICED (smart contract risk, oracle risk, market and liquidity risk). See the [Earn risks section](/user-docs/earn/lend/earn#risks) for details.

JUICED introduces additional considerations:

**JupUSD dependency** — JUICED is backed by JupUSD. Any event affecting JupUSD (reserve composition changes, peg instability, custodian issues) also affects JUICED. See the [JupUSD risk section](/user-docs/earn/jupusd#risks) for details.

**Variable T-bill yield** — The T-bill yield component depends on Ethena's distribution of income from the reserves backing JupUSD. This yield is not guaranteed and could be reduced or interrupted due to changes in reserve composition, macroeconomic conditions, or Ethena's operations.

**T-bill yield dilution** — If the total JUICED supply exceeds the total minted JupUSD supply, the T-bill yield per unit decreases. This dilution does not affect the borrowing interest component.

**Liquidation risk (collateral use only)** — If you borrow against JUICED, your position is subject to liquidation. While JUICED is expected to appreciate from yield accrual, sharp changes in oracle pricing or market conditions could trigger liquidation. This risk only applies if you are actively borrowing against your JUICED position.


# Native Staked Vaults
Source: https://docs.jup.ag/user-docs/earn/lend/borrow/native-staked-vaults

Use your natively staked SOL as collateral on Jupiter Lend to borrow SOL without unstaking or interrupting staking rewards.

Native staking secures the Solana network and rewards users, but it traditionally comes with a trade-off: staked SOL is locked and cannot be used elsewhere.

Jupiter Lend removes this trade-off by allowing users to borrow against their natively staked SOL, without unstaking and without interrupting rewards.

Native Staked Vaults let users use their staked position directly as collateral on Jupiter Lend.

## How it works

The process follows three steps:

1. Stake native SOL with a supported validator.
2. A representation of your staked position (nsTOKEN) becomes visible within Jupiter Lend.
3. Use it as collateral to borrow SOL on Jupiter Lend.

<AccordionGroup>
  <Accordion title="Yield-bearing token representation (nsTOKEN)">
    On Jupiter Lend, native stake accounts are represented by yield-bearing tokens called nsTOKENs. The naming convention is ns + validator name (e.g., nsJUPITER for SOL staked with Jupiter Stake, nsHELIUS for Helius).

    This token is not displayed as a regular asset in your wallet. It exists on-chain and is surfaced directly within Jupiter Lend, where it can be used as collateral.

    Each nsTOKEN represents your share of a native Solana stake account and continuously accrues staking rewards.

    **Example:**

    *If you stake SOL using Jupiter's validator (Jupiter Stake), your stake account is represented by nsJUPITER.*
  </Accordion>

  <Accordion title="Validator-Specific Vaults">
    Each native staking vault is linked to a specific validator.

    This means staked SOL from one validator can only be used in its corresponding vault. Jupiter Lend may support additional vault configurations in the future.
  </Accordion>

  <Accordion title="How Staking Earnings Are Managed">
    Staking rewards earned on native staked SOL are automatically compounded.

    As rewards accrue, the value represented by your nsTOKEN increases over time to reflect the additional SOL earned. The amount of nsTOKEN remains the same; only its value increases. There is no manual claiming or reinvestment required.

    This means:

    * Your nsTOKEN value increases over time as staking rewards are added.
    * The increased value can be used to borrow more SOL on Jupiter Lend.

    **Example:**

    *If after 6 months your staked SOL has earned \$100 worth of staking rewards, the value represented by your nsTOKEN increases by \$100. You can then borrow more SOL against it.*
  </Accordion>

  <Accordion title="Limitations">
    * Only SOL can be borrowed from Native Staked Vaults.
    * Each vault supports one collateral pair tied to one validator.
    * Available only in Borrow (not in Multiply).
    * Staking and unstaking periods are specific to each validator.
  </Accordion>
</AccordionGroup>

## Step-by-step guide

<Steps>
  <Step title="Stake your SOL with a supported validator">
    Go to your chosen validator's staking page and stake your SOL. You can find the list of supported validators and their staking links in the [Supported Validators](#supported-validators) section below.

    Once staked, your stake account is automatically converted into an nsTOKEN (e.g., nsJUPITER if you staked with Jupiter Stake). This token is not visible in your wallet but will appear in Jupiter Lend.
  </Step>

  <Step title="Open Jupiter Lend and select the correct vault">
    Go to [Jupiter Lend → Borrow](https://jup.ag/lend) and open the **Native Staked** filter.

    You must select the vault that matches the validator you staked with. Each validator has its own vault, for example:

    * Staked with Jupiter Stake → select the **nsJUPITER / SOL** vault
    * Staked with DawnLabs → select the **nsDAWN / SOL** vault
    * Staked with Helius → select the **nsHELIUS / SOL** vault
    * Staked with Nansen → select the **nsNANSEN / SOL** vault

    And so on for each supported validator. If you select the wrong vault, your nsTOKEN will not appear as available collateral.
  </Step>

  <Step title="Deposit your nsTOKEN as collateral">
    Once in the correct vault, your nsTOKEN balance is displayed automatically. Enter the amount you want to use as collateral and confirm the deposit.

    Your staking rewards continue to accrue while your nsTOKEN is locked as collateral. The value of your collateral increases over time as rewards compound.
  </Step>

  <Step title="Borrow SOL">
    After depositing collateral, enter the amount of SOL you want to borrow. Review your <Tooltip>Position Health</Tooltip> (the status that shows how close your position is to liquidation, expressed as a percentage of the Liquidation Threshold) before confirming.

    Keep in mind:

    * Only SOL can be borrowed from Native Staked Vaults.
    * Borrowing at or near the maximum <Tooltip>Loan-to-Value (LTV)</Tooltip> ratio leaves very little margin before liquidation. Borrow less than the maximum to maintain a safety buffer.
    * Your position is represented by a Position NFT (Non-Fungible Token) sent to your wallet. Do not burn this NFT while the position is open.
  </Step>

  <Step title="Monitor and manage your position">
    Track your position from the Jupiter Lend dashboard. You can:

    * Repay part or all of your SOL debt at any time.
    * Withdraw collateral if your Position Health allows it.
    * Close the position entirely by repaying your full debt.

    Since Native Staked Vaults use contract-based pricing (derived from the actual stake account value, not market price), your collateral value reflects the true staked amount plus accumulated rewards.

    For a complete walkthrough of the Borrow interface, including the position page, Actions tab, and transaction history, see [Using Borrow](/user-docs/earn/lend/guides/using-borrow).
  </Step>
</Steps>

## Supported Validators

Jupiter Lend supports a curated set of Native Staked Vaults, each linked to a specific Solana validator. All follow the same borrowing mechanics and user flow.

The set of supported validators changes over time. For the current list, open the **Native Staked** filter on the [Jupiter Lend Borrow page](https://jup.ag/lend). The validators below are supported at the time of writing:

| Validator | Vault |
| - | - |
| [Jupiter Stake](https://jup.ag/stake) | nsJUPITER / SOL |
| [DawnLabs](https://www.dawnlabs.tech/staking.html#validator-info) | nsDAWN / SOL |
| [Helius](https://www.helius.dev/stake) | nsHELIUS / SOL |
| [Nansen](https://app.nansen.ai/stake) | nsNANSEN / SOL |

## Contract-Based Pricing

Native Staked Vaults use contract-based pricing rather than market-based pricing.

This means the collateral value is derived directly from the underlying stake account, and liquidation logic is based on the true staked value rather than market price.

## Market Risk

Crypto market volatility can affect the value of your collateral and your borrowing position. Monitor your position regularly.

All staking and borrowing actions are executed on-chain, directly from the user's wallet, without custody or asset pooling by Jupiter.

## Security and Audits

Native Staking as Collateral relies on two standard Solana programs, both audited and widely used.

<AccordionGroup>
  <Accordion title="Stake Program (Validator Staking)">
    This is the native Solana program used by all supported validators to create and manage stake accounts.

    It is part of Solana's core infrastructure, audited and battle-tested across the network.
  </Accordion>

  <Accordion title="Single Pool Program (Stake Account to nsTOKEN conversion)">
    The conversion from a native Solana stake account to its yield-bearing representation (nsTOKEN) is handled by the Single Pool Program, deployed and maintained by the Solana Foundation.

    This program is shared across all supported validators and is not specific to Jupiter.

    It has been audited three times:

    * Zellic (2023-06-21)
    * Neodyme (2023-08-08)
    * Zellic (2024-01-02)

    [Audit reports on GitHub](https://github.com/solana-program/single-pool/tree/main?tab=readme-ov-file#security-audits)
  </Accordion>
</AccordionGroup>

Jupiter Lend integrates this audited program to allow native stake positions to be used as collateral. All staking, minting, and borrowing actions are executed on-chain, directly from the user's wallet, without custody or pooled asset management by Jupiter.


# xStocks
Source: https://docs.jup.ag/user-docs/earn/lend/borrow/xstocks

Use tokenized U.S. equities and ETFs as collateral on Jupiter Lend to borrow stablecoins or open leveraged positions.

## What are xStocks

xStocks are tokenized representations of U.S. equities and ETFs, issued by Backed Assets (JE) Limited (a Jersey private limited company) and offered to Kraken clients by Payward Digital Solutions Ltd. (PDSL), a Bermuda exempted company licensed by the Bermuda Monetary Authority. Each xStock provides on-chain price exposure to a specific underlying security, and is backed 1:1 by the underlying asset held in regulated depositary institutions.

xStocks are not equivalent to owning the underlying shares. Holders do not have voting rights, distribution entitlements, or any legal claim on the underlying stock or any residual assets in the event of the underlying company's liquidation. Dividends are reflected through a token rebasing mechanism that automatically increases the holder's xStock balance.

On Jupiter Lend, xStocks can be used as collateral to borrow stablecoins or to open leveraged positions through Multiply.

<Note>
  xStocks are issued by Backed Assets and offered through Payward Digital Solutions. Jupiter Lend integrates these tokens as collateral, but the legal structure, custody, and rebasing mechanism are managed by the issuer. For full terms, see [Kraken's xStocks Legal & Risk Disclosure](https://www.kraken.com/legal/xstocks).
</Note>

## Available xStocks on Jupiter Lend

Jupiter Lend supports a curated set of xStocks as collateral, including both index-based xStocks (such as SPYx for the S\&P 500 and QQQx for the Nasdaq-100) and individual-stock xStocks (such as TSLAx and NVDAx).

Each xStock has its own Risk Profile, LTV, Liquidation Threshold, and Liquidation Penalty, displayed directly in the Jupiter Lend interface and on the [Statistics page](/user-docs/earn/lend/statistics). The list of supported xStocks is updated regularly as new vaults are added.

In general:

* **Index-based xStocks** (SPYx, QQQx) are classified as Medium Risk because they track diversified baskets.
* **Single-stock xStocks** (TSLAx, NVDAx, etc.) are classified as High Risk because they are exposed to the volatility of a single company. A single earnings miss, regulatory action, or macro event can cause a sharp drawdown.

To see the full current list, open the **xStock** filter on the [Jupiter Lend Borrow page](https://jup.ag/lend).

## How to use xStocks on Jupiter Lend

xStocks can be used as collateral in two products:

<AccordionGroup>
  <Accordion title="Borrow">
    Supply xStocks as collateral and borrow stablecoins. Currently supported borrow assets:

    * **USDC**
    * **JupUSD**

    Each xStock vault has its own LTV (typically 65–75%) and Liquidation Threshold (typically 75–85%). The Liquidation Penalty varies by vault.

    For details on opening and managing a borrow position, see the [Borrow page](/user-docs/earn/lend/borrow/introduction).
  </Accordion>

  <Accordion title="Multiply">
    Open a leveraged position on an xStock by borrowing against it and reinvesting in the same asset.

    On Multiply, xStocks can only be used to borrow **USDC**.

    Maximum multipliers vary by xStock and depend on the vault's LTV. For details on how Multiply works, see the [Multiply page](/user-docs/earn/lend/multiply).
  </Accordion>
</AccordionGroup>

## Supply APY and borrow incentives

xStock vaults currently include incentives that affect both the Supply APY (for users supplying xStocks as collateral) and the Borrow APY (for users borrowing against them).

<AccordionGroup>
  <Accordion title="Supply APY on xStocks">
    Supplying xStocks as collateral on Jupiter Lend earns a Supply APY, displayed directly in the interface for each xStock vault.

    This yield does not come from the xStock token itself (the underlying tokenized share does not distribute yield to suppliers). It comes from **growth incentives co-funded by Jupiter and partners** to encourage usage of xStock vaults on Jupiter Lend.

    Supply APYs are variable and may change or end at any time. The displayed Supply APY in the interface always reflects the current effective rate.
  </Accordion>

  <Accordion title="Borrow discounts on xStocks">
    xStock vaults currently benefit from a **borrow discount** that reduces the effective borrow rate against xStock collateral. This is the same mechanism described on the [Earn page](/user-docs/earn/lend/earn#borrow-discounts-and-negative-rates): a vault-specific discount applied to the debt asset's standard borrow rate.

    Borrow discounts are not guaranteed and may be modified or removed at any time. The displayed Borrow APY in the interface always reflects the current effective rate, including any active discount.
  </Accordion>
</AccordionGroup>

## xPoints rewards

xStocks usage on Jupiter Lend qualifies for the xPoints rewards program, an initiative run by xStocks (not Jupiter) to reward ecosystem participation.

You can earn xPoints by:

* **Holding xStocks** in your wallet (Base Tier)
* **Lending xStocks** as collateral on supported lending platforms, including Jupiter Lend (Higher Tier)
* **Providing liquidity** to xStocks pools on supported DEXs (Highest Tier)

Points accumulate daily based on on-chain activity. xBoost multipliers increase your earn rate based on consistent participation, and a referral program offers bonuses for inviting new users. xPoints will be used to determine eligibility for future ecosystem rewards.

<Note>
  xPoints is operated by xStocks. Eligibility, point calculation, and any future rewards are managed by the xStocks team, not by Jupiter. For full details, eligibility, and how to connect your wallet to track points, visit [defi.xstocks.fi/points](https://defi.xstocks.fi/points).
</Note>

## Risks

Using xStocks as collateral introduces specific risks beyond standard Borrow or Multiply risks. Understand each before opening a position.

**Synthetic token tracking**\
xStocks are synthetic tokens tracking the price of an underlying U.S. equity or ETF via an oracle. The on-chain price reflects the underlying market price, not an independent market for the token itself.

**Sharp price decline and bad debt risk**\
A sudden or sharp decline in the underlying stock price, combined with low on-chain liquidity for the xStock, can lead to bad debt in the vault. If the protocol cannot liquidate fast enough, the position may end up under-collateralized.

**Oracle staleness during market close**\
U.S. equity markets are closed on weekends, holidays, and outside trading hours. During these periods, the oracle price may freeze while the xStock token remains tradeable on-chain. This can cause a deviation between the market price and the oracle price, especially during periods of stress or news events.

**Higher volatility for single-stock xStocks**\
TSLAx and NVDAx are individual-stock xStocks. They are more volatile than index-based xStocks (SPYx, QQQx) because they are exposed to single-company risk: earnings, regulatory actions, or macro events specific to that company.

**Issuer and custody risk**\
xStocks rely on Backed Assets as the issuer and on regulated custodian banks holding the underlying shares. Insolvency, operational failure, or credit risk affecting Backed or its custodians can impact the redeemability of the underlying. This risk is independent of Jupiter Lend.

**No legal claim on underlying shares**\
Holding an xStock does not grant any voting rights, dividend rights (other than through the rebasing mechanism), or legal claim on the underlying company. xStocks are not equivalent to direct stock ownership.

**Liquidation risk**\
xStocks vaults follow Jupiter Lend's standard liquidation rules. If your debt-to-collateral ratio reaches the Liquidation Threshold, part of your collateral is sold to repay debt. Sharp drawdowns in the underlying stock can trigger liquidation quickly, especially for single-stock xStocks.

**Variable incentives**\
Supply APYs and borrow discounts on xStock vaults are funded through growth incentives that are variable and not guaranteed. These programmes may be modified or removed at any time. The displayed rates in the interface always reflect the current effective values.

<Warning>
  xStocks involve a high degree of risk and may result in a total loss of capital. They are complex products and may not be suitable for all investors. Read [Kraken's xStocks Legal & Risk Disclosure](https://www.kraken.com/legal/xstocks) and the [Backed prospectus](https://assets.backed.fi/legal-documentation) before using xStocks as collateral.
</Warning>

## Legal and regulatory

xStocks are issued by Backed Assets (JE) Limited and offered through Kraken's Payward Digital Solutions. Geographic restrictions apply: xStocks are not available in all jurisdictions. For the full list of supported regions and complete legal terms, refer to [Kraken's xStocks page](https://www.kraken.com/legal/xstocks).

Jupiter Lend integrates xStocks as a supported collateral type but is not the issuer, custodian, or distributor of xStocks. Any legal, custody, or eligibility questions should be directed to Kraken or Backed Assets.


# Liquidation Calculator
Source: https://docs.jup.ag/user-docs/earn/lend/calculator

Simulate liquidation risk on pegged vaults within Jupiter Lend

The [Liquidation Calculator](https://jup.ag/lend/calculator), titled **Advanced Liquidation Calculator** in the app, is a risk analysis tool for <Tooltip>pegged vaults</Tooltip> on Jupiter Lend. It lets you simulate how borrow rate changes affect your position over time and estimate how long it would take for a position to reach liquidation under different market scenarios.

In pegged vaults, the collateral and debt assets are correlated and priced using on-chain redemption rates. This means market price fluctuations do not directly cause liquidations. Instead, the main liquidation risk comes from the Borrow APY exceeding the Supply APY for a sustained period, which gradually pushes the <Tooltip>Position Health</Tooltip> toward the <Tooltip>Liquidation Threshold</Tooltip>.

The Calculator helps you visualize this dynamic before entering a position. For definitions of all terms used here, see [Protocol Details](/user-docs/earn/lend/protocol-details).

## How to use the Calculator

<Steps>
  <Step title="Select a trading pair">
    Use the Trading Pair dropdown to choose the pegged vault you want to analyze (e.g., JupSOL/SOL, INF/SOL, syrupUSDC/USDC, sUSDai/USDC). The list also includes Smart Vault pairs such as sUSDai-USDC/USDC.

    The Current Vault State panel displays the live parameters for that vault: Supply APY, Borrow APY, Liquidation Threshold, and Final APY.
  </Step>

  <Step title="Set your leverage">
    Use the slider to choose a leverage level. The calculator shows the corresponding LTV and safety status. The maximum leverage is capped at the vault's Liquidation Threshold.
  </Step>

  <Step title="Choose a scenario">
    Select one of three borrow rate scenarios to simulate:

    * **Standard Market** — Uses the current borrow rate (1x). Shows what happens if rates stay where they are.
    * **Moderate Peak** — Simulates the borrow rate doubling (2x). Represents a period of elevated borrowing demand.
    * **Max Peak** — Simulates the borrow rate tripling (3x). Represents an extreme rate spike.
  </Step>

  <Step title="Read the Liquidation Timeline">
    The chart on the right shows how the Borrow APY evolves over time under the selected scenario and how long it would take for the position to reach liquidation.

    * **Current Borrow rate** — The rate right now, with its estimated days to liquidation.
    * **Peak Borrow rate** — The simulated peak rate, with its estimated days to liquidation.

    If the timeline shows "Never", the position would not reach liquidation under that scenario within the selected time range.

    You can adjust the time range of the chart with the dropdown at its top right: 3, 5, 10, 20, or 30 years.
  </Step>
</Steps>

## What it shows

The Calculator displays the following for your selected vault and leverage:

| Metric | Description |
| - | - |
| **Supply APY** | Current annual yield earned on the collateral asset |
| **Borrow APY** | Current annual rate paid on the borrowed asset |
| **Liquidation Threshold** | The debt-to-collateral ratio at which partial liquidation begins |
| **Final APY** | The effective return on your net value at the selected leverage |
| **LTV** | The loan-to-value ratio at the selected leverage |
| **Days to Liquidation** | Estimated time before the position reaches the Liquidation Threshold under the selected scenario |

## Important limitations

<Note>
  Market price fluctuations will not cause liquidations on pegged vaults. However, stablecoin depeg risk is not factored into this calculator. Time to liquidation may vary if a stablecoin loses its peg.
</Note>

The Calculator simulates rate scenarios based on current conditions. Actual borrow rates are variable and may change unpredictably. The projections are estimates, not guarantees. Always monitor your position through the Jupiter Lend dashboard.


# Earn on Jupiter Lend
Source: https://docs.jup.ag/user-docs/earn/lend/earn

Earn is the lending side of Jupiter Lend: supply assets to lending pools and earn interest from borrowers, with fees and risks explained.

## What is Earn

Earn is the lending side of Jupiter Lend. It allows you to supply assets to Earning lending pools and earn interest from borrowers.

When you deposit tokens into a lending pool, they become available for other users to borrow through the Borrow or Multiply products. In return, you earn yield proportional to your share of the pool.

Each lending pool has its own interest rate (Annual Percentage Yield, or APY), utilization rate, and parameters, all managed automatically by the protocol based on supply and demand.

<Note>
  Earn takes single-asset deposits. For paired-token deposits that also serve as liquidity for Jupiter AMM and earn trading fees, see [Smart Earn](/user-docs/earn/lend/smart-vaults#smart-earn), a separate supply-only product, and [Smart Vaults](/user-docs/earn/lend/smart-vaults).
</Note>

## How it works

When you deposit assets, they are supplied to the lending pool and made available to borrowers through the Borrow and Multiply products. Borrowers pay interest on their loans, and that interest is distributed to lenders proportionally.

In return for your deposit, Jupiter Lend issues a JL Token to your wallet. This is a tokenized representation of your deposit that automatically accumulates yield over time.

<AccordionGroup>
  <Accordion title="Supply and Utilization">
    Each pool tracks the amount of liquidity supplied versus borrowed. This ratio is the utilization rate: it measures how much of the pool's liquidity is actively being used by borrowers.

    * When utilization is low, borrowing demand and interest rates are lower.
    * When utilization is high, borrowing demand increases, and lenders earn higher yields.

    This balance keeps lending rates dynamic and liquidity efficiently distributed.
  </Accordion>

  <Accordion title="Interest Rate Model">
    Jupiter Lend adjusts interest rates based on utilization within each pool. As borrowers use more liquidity, the borrow rate rises, and so does the APY for lenders.

    Each pool has its own rate curve and parameters. You can inspect the current and historical rates for any asset on the [Statistics page](/user-docs/earn/lend/statistics).
  </Accordion>

  <Accordion title="Borrowing Flow and Collateral">
    Liquidity from Earn is borrowed through Jupiter Lend's Borrow and Multiply products.

    All borrowers must provide eligible collateral (e.g., SOL, JupSOL, mSOL, JitoSOL, or stablecoins) to secure their loans.

    If a borrower's position becomes risky due to a drop in collateral value, Jupiter Lend's [liquidation mechanism](/user-docs/earn/lend/liquidation-mechanism) automatically steps in to partially close the position and restore balance. This helps protect lender funds and keeps the protocol collateralized.
  </Accordion>

  <Accordion title="Yield Accrual and JL Tokens">
    When you deposit assets, you receive a JL Token (for example, JL-USDC or JL-SOL) directly in your wallet. This token represents your share of the lending pool and automatically increases in value as yield accrues.

    Each JL Token:

    * Represents your tokenized deposit in Jupiter Lend.
    * Accrues yield automatically as borrowers pay interest. Its value grows over time.
    * Is transferable. Whoever holds the token can withdraw the underlying funds.

    <Warning>
      Do not burn your JL Token. It represents your claim on the pool's liquidity.
    </Warning>

    **Example:**

    *You deposit 1,000 USDC into the USDC Earn pool and receive JL-USDC in your wallet.*

    *Over time, as borrowers pay interest, the value of your JL-USDC grows.*

    *When you withdraw later, you might redeem it for 1,030 USDC, reflecting your earned yield.*

    JL Tokens make Earn composable and transparent. Your position is visible in your wallet and can interact with other DeFi protocols if supported.

    **JUICED** is the JL Token for the JupUSD pool. Unlike other JL Tokens, it accrues yield from two sources: borrowing interest and Treasury Bill (T-bill) yield from the reserves backing JupUSD. JUICED can also be used as collateral to borrow on Jupiter Lend. See the dedicated [JUICED page](/user-docs/earn/lend/borrow/juiced) for details.
  </Accordion>
</AccordionGroup>

### Borrow discounts and negative rates

Some vaults apply a **borrow discount**: a vault-specific reduction of the debt asset's standard borrow rate. Discounts are typically funded by growth incentives, as on xStock vaults, and are not guaranteed: they can be modified or removed at any time. The Borrow APY displayed in the interface always reflects the current effective rate, including any active discount.

On [Smart Vaults](/user-docs/earn/lend/smart-vaults), the reduction comes from trading activity instead of incentives: the debt serves as liquidity for Jupiter AMM, and the trading fees routed through it offset part of the Borrow APY. The interface displays this as a negative Trading APR on the debt side. In rare, short-lived periods of exceptionally high volume, the Trading APR can even exceed the Borrow APY, briefly turning the net cost of the debt in the borrower's favor.

## Fees

**Protocol fee:** A 10% reserve factor (the share of borrower interest retained by the protocol) is applied to all borrow interest payments. Borrowers pay the full interest rate, lenders receive 90%, and 10% goes to the protocol treasury.

There are also standard Solana blockchain fees for account creation (token account rent).

## Risks

All DeFi activity involves risk. Here are the main factors to consider when supplying liquidity on Jupiter Lend:

<AccordionGroup>
  <Accordion title="Smart Contract Risk">
    Jupiter Lend operates entirely on-chain through smart contracts.

    All contracts have been audited by independent security firms (Zenith and Offside), but vulnerabilities may still exist. These contracts manage user funds, borrowing logic, and liquidation processes automatically. Any unforeseen bug or exploit could lead to partial or full fund loss.
  </Accordion>

  <Accordion title="Oracle Risk">
    Prices on Jupiter Lend are determined by on-chain oracles (Chainlink, Pyth, Redstone). If an oracle feed provides inaccurate or delayed data, a position could be incorrectly liquidated or valued.

    Jupiter Lend mitigates this risk by using multiple data sources for redundancy, enforcing freshness checks (max 600 seconds for user operations), and rejecting prices with high confidence intervals.
  </Accordion>

  <Accordion title="Borrower Default Risk">
    All lending on Jupiter Lend is overcollateralized: borrowers must always lock more value than they borrow.

    In extreme volatility, a borrower's collateral value could drop faster than the system can liquidate it, which may lead to temporary bad debt in a pool.

    Jupiter Lend uses an efficient [tick-based liquidation mechanism](/user-docs/earn/lend/liquidation-mechanism) to minimize this risk by clearing unhealthy positions quickly.
  </Accordion>

  <Accordion title="Market and Liquidity Risk">
    The APY you earn depends on market activity. It is not fixed. If fewer users borrow from the pool, your yield decreases.

    In rare cases of extreme volatility or mass withdrawals, it may take time before all liquidity is available for withdrawal, as funds are tied up in active loans. Dynamic withdrawal limits also apply to protect the protocol from sudden outflows.

    You can monitor each pool's utilization rate and available liquidity in real time on the [Statistics page](/user-docs/earn/lend/statistics).
  </Accordion>

  <Accordion title="Stablecoin Depeg Risk">
    If you supply or borrow stablecoins (like USDC, USDT, USDG, or USDS), a depeg event could temporarily affect the pool's balance.

    Jupiter Lend mitigates this by using multiple price sources and enforcing a 1:1 USD peg for major stablecoins, but external events (issuer risk, network disruptions) can still impact stability.
  </Accordion>

  <Accordion title="Wallet and Interface Risk">
    Jupiter Lend is a decentralized protocol. You remain in control of your wallet and keys.

    Using compromised wallets, fake websites, or malicious browser extensions could expose your funds to phishing or unauthorized transactions.

    <Warning>
      Always use official Jupiter interfaces and verify URLs before interacting with the protocol.
    </Warning>
  </Accordion>
</AccordionGroup>

## Video walkthrough

<iframe title="YouTube video player" />

<Columns>
  <Card title="Using Earn: Step-by-Step Walkthrough" icon="book-open-cover" href="/user-docs/earn/lend/guides/using-earn">
    Learn how to deposit, monitor, and withdraw from an Earn position.
  </Card>

  <Card title="Learn more on Jupiter Academy" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-earn">
    Maximizing Passive Returns with Jupiter Earn — a guided lesson on how Earn works.
  </Card>
</Columns>


# Jupiter Lend FAQ
Source: https://docs.jup.ag/user-docs/earn/lend/faq

Frequently asked questions about Jupiter Lend: Earn, Borrow, Smart Vaults, Multiply, Strategies, and the Bitwise x Ethena Market

## Earn

<AccordionGroup>
  <Accordion title="Are there any fees to use Earn?">
    A 10% reserve factor is applied to all borrow interest payments. Borrowers pay the full interest rate, lenders receive 90%, and 10% goes to the protocol treasury.
  </Accordion>

  <Accordion title="What are the risks of using Earn?">
    Like all DeFi protocols, lending on-chain carries risk. The main risks include:

    * **Smart contract risk:** a bug or vulnerability in the code could be exploited.
    * **Oracle risk:** inaccurate or delayed price data could affect position valuations.
    * **Borrower default risk:** in extreme volatility, collateral value may drop faster than the system can liquidate.
    * **Market and liquidity risk:** yield depends on borrowing demand and may decrease. Withdrawals may be temporarily limited during high activity.
    * **Stablecoin depeg risk:** a depeg event on supplied or borrowed stablecoins could affect pool balance.
    * **Wallet and interface risk:** compromised wallets or fake websites can expose funds.

    For full details, see the [Earn risks section](/user-docs/earn/lend/earn#risks). Never deposit more than you are willing to lose.
  </Accordion>

  <Accordion title="Can I deposit and withdraw funds whenever I want?">
    **Depositing:** There are no limits on how much you can deposit.

    **Withdrawing:** Dynamic limits control how much can be withdrawn at any single moment. These limits expand gradually (25% every 6 hours for most vaults, up to 50% for some), allowing smooth and predictable withdrawals while protecting the system from sudden large outflows.

    To check the current withdrawable amount, go to [Earn Statistics](https://jup.ag/lend/statistics).
  </Accordion>

  <Accordion title="Why did my deposit fail?">
    The most common cause is insufficient SOL in your wallet. A deposit needs a small amount of SOL on top of the deposited amount: it pays the network fee and, on your first deposit into a vault, the one-time rent for creating token accounts. When there is not enough, the transaction fails, and the error typically reads `custom program error: 0x1` (the System Program's insufficient-funds error).

    To fix it, top up your wallet with a small SOL buffer and retry. If you are depositing SOL itself, make sure the amount you deposit leaves some SOL in the wallet for fees.

    A failed deposit does not take your tokens: if the transaction fails, the deposit has not happened. If it keeps failing with enough SOL in the wallet, contact [support](https://support.jup.ag/).
  </Accordion>

  <Accordion title="How do I turn off Auto-Earn?">
    Auto-Earn is a Jupiter Wallet feature, not a Lend setting. It automatically deposits the stablecoin balances you enable into Earn, and it is configured per token in the extension under **Settings** → **Preferences** → **Auto Earn**. See [Auto-Earn in the wallet documentation](/user-docs/manage/extension-wallet/auto-earn).
  </Accordion>

  <Accordion title="How and where does my yield appear? Does it auto-compound or need to be claimed manually?">
    Your earnings are automatically compounded into your deposit. You don't need to claim them manually.

    When you supply assets to Earn, the protocol continuously adds your interest back into your position. This means your total value grows over time, but the number of JL Tokens you hold stays the same.

    Even if your token balance looks unchanged, your JL Tokens are becoming more valuable as they accumulate yield.
  </Accordion>

  <Accordion title="Why did I receive fewer JL Tokens than I deposited? Why is it not 1:1?">
    This is normal. When you deposit, you receive JL Tokens that represent your share of the Earn pool. They are not pegged 1:1 to the asset you deposited.

    Over time, the value of each JL Token increases as yield compounds. You start with fewer JL Tokens than the tokens you deposited, but each one becomes worth more, giving you a higher total value when you withdraw.
  </Accordion>

  <Accordion title="Where can I find information about the data shown on the Statistics page?">
    You can find detailed explanations for all the metrics displayed on the Statistics page, including reserves, reserve factor, and APY breakdowns, in the [Statistics overview](/user-docs/earn/lend/statistics).
  </Accordion>
</AccordionGroup>

## Borrow

<AccordionGroup>
  <Accordion title="What happens if my collateral's value drops?">
    This is the most important risk to understand when borrowing. If the value of your collateral falls and your debt-to-collateral ratio exceeds the <Tooltip>Liquidation Threshold</Tooltip>, your position is eligible for liquidation. This means some of your collateral may be automatically sold to repay part of your loan.

    Monitor your <Tooltip>Position Health</Tooltip> status and either add more collateral or repay part of your loan if conditions worsen.
  </Accordion>

  <Accordion title="What are the risks of using Borrow?">
    Beyond liquidation risk, borrowing on-chain carries additional risks:

    * **Smart contract risk:** a bug or vulnerability in the code could be exploited.
    * **Market risk:** general crypto volatility can affect the value of your collateral.

    Never borrow more than you can comfortably repay.
  </Accordion>

  <Accordion title="What do Vaults have to offer?">
    Vaults let you borrow assets using specific collateral types. You can create multiple vaults with different asset pairs and manage risk independently.

    Powered by Fluid's modular Liquidity Layer, vaults offer:

    * High LTVs (Loan-to-Value), with some vaults supporting up to 95% of collateral value
    * Competitive rates for both lenders and borrowers
    * Low liquidation penalties (vary by vault)
    * Automated ceilings to prevent risky large movements
    * Efficient tick-based liquidations with lower gas costs
    * Capital efficiency through unified liquidity across the protocol
  </Accordion>

  <Accordion title="How often is my collateral value updated and my borrow rate charged?">
    Your collateral value and interest rate are updated continuously on-chain. The collateral price comes from real-time oracle feeds, and borrow interest accrues continuously based on your open position.

    There is no fixed charging schedule. The borrow cost is automatically reflected in your Position Health and total debt whenever you open or refresh the page.
  </Accordion>

  <Accordion title="What is the Position NFT?">
    Each Borrow or Multiply position is represented by a Position NFT, created when the position is opened. This NFT stores all position data (collateral, debt, risk parameters) and represents ownership of the position.

    The NFT is transferable: moving it to another wallet transfers the entire position.

    Do not burn this NFT while the position is open. It is required to manage and withdraw the funds associated with the position.
  </Accordion>

  <Accordion title="Can I remove a closed position from my positions list?">
    A position cannot be deleted. Once opened, it stays recorded onchain and its Position NFT stays in your wallet, even after you have repaid the debt and withdrawn all the collateral.

    You can hide it instead. On the Borrow, Multiply and Smart Vaults pages, the **Your Positions** list hides positions with zero collateral by default, and the eye icon next to the title shows them again. A vault's **My Positions** tab has no such filter and lists every position you hold in that vault, closed ones included.

    A closed position holds nothing, so it carries no risk and costs nothing to keep. The next time you borrow from the same vault pair, you can deposit into it instead of creating a new position.
  </Accordion>

  <Accordion title="I have JLP collateral and want to borrow. Should I use JLP Loans or Jupiter Lend?">
    If you only want to borrow USDC using JLP as collateral, you can use JLP Loans, which is designed for that specific pair.

    If you want to borrow other assets, use Multiply, or manage several strategies in one place, use Jupiter Lend. Jupiter Lend also provides features like partial liquidation, cross-asset borrowing, and higher capital efficiency.
  </Accordion>

  <Accordion title="How much can I borrow?">
    The amount you can borrow depends on the value and type of collateral you supply. Each asset has a specific <Tooltip>LTV</Tooltip> ratio: for every \$100 worth of collateral, you can borrow up to that percentage (e.g., \$75 at 75% LTV).

    You can see the specific LTV for each asset when you select it.
  </Accordion>

  <Accordion title="I get a &#x22;token account not found&#x22; or &#x22;illegal owner&#x22; error when withdrawing, repaying, or unwinding. How do I fix it?">
    These errors usually mean the <Tooltip>Associated Token Account</Tooltip> for that token has been closed, so there is no account for the funds to settle into. Recreate it by holding a small amount of that token again — buy or swap for a tiny amount — then retry the withdrawal or unwind.
  </Accordion>

  <Accordion title="Can I use sUSDai as collateral, and does it keep earning?">
    Yes. sUSDai, the staked dollar from USD.AI, can be supplied to borrow USDC or JupUSD, the sUSDai / USDC vault also supports Multiply, and a Smart Collateral vault lets you supply the sUSDai-USDC pair to borrow USDC. Your sUSDai keeps appreciating while it is locked as collateral; the Supply APY shown on the vault is that native yield. Both vaults use an 88% LTV and a 90% Liquidation Threshold at launch. Note that sUSDai cannot be unstaked on Solana: you exit by swapping or bridging it. See [Supported Assets](/user-docs/earn/lend/supported-assets#yield-bearing-dollars).
  </Accordion>
</AccordionGroup>

## Smart Vaults

For the full picture, see the [Smart Vaults page](/user-docs/earn/lend/smart-vaults).

<AccordionGroup>
  <Accordion title="What are Smart Vaults?">
    Smart Vaults are vaults where the collateral, the debt, or both are token pairs that double as liquidity for Jupiter AMM. Swaps routing through your position generate trading fees that flow back to it, displayed as **Trading APR**: positive on the collateral side (extra yield), negative on the debt side (reduced borrow cost).

    They were introduced with Jupiter Lend v2 (August 2026) and live under the **Smart Vaults** tab, alongside a toggle in the standard Borrow and Multiply lists. Smart Vaults are strictly opt-in, per position: standard Earn, Borrow, and Multiply positions have no exposure to Jupiter AMM.
  </Accordion>

  <Accordion title="What's the difference between Smart Collateral and Smart Debt?">
    Smart Collateral means your supplied collateral is a token pair earning trading fees on top of lending yield. Smart Debt means your borrowed debt is a token pair, with trading fees offsetting part of your borrow cost. A vault can use either one, or both at once (the combined type is listed as coming soon at launch). The three combinations are described on the [Smart Vaults page](/user-docs/earn/lend/smart-vaults#vault-types).
  </Accordion>

  <Accordion title="Why did the composition of my debt or collateral change?">
    This is expected behavior, not an error. With a smart pair, you owe (or supply) a pair of tokens, and its composition shifts continuously as traders swap through the pool. If you borrow \$1,000 USDC and \$1,000 USDT, you may later owe \$800 USDC and \$1,200 USDT: the total stays the same, the mix moves.

    This is called composition risk. On stable pairs it is essentially neutral; on correlated pairs it exists but stays small in normal conditions. A depeg or a sustained divergence between the pair can still move your position's composition. See [Rebalancing and composition risk](/user-docs/earn/lend/smart-vaults#rebalancing-and-composition-risk).
  </Accordion>

  <Accordion title="Can my borrow rate become negative?">
    It can, but only in rare, short-lived periods. On Smart Debt, trading fees offset your Borrow APY; if exceptionally high volume routes through your debt pool, the Trading APR can briefly exceed the Borrow APY and flip the net cost in your favor. Treat it as an occasional side effect, not something to count on: trading fees depend on volume and borrow rates follow utilization.
  </Accordion>

  <Accordion title="What is Smart Earn?">
    Smart Earn is a separate, supply-only product built on the same Jupiter AMM pools as Smart Vaults: you deposit a token pair that serves as pool liquidity and earn lending and trading fees, with no borrowing, no debt, and no liquidation risk. It appears on the Smart Vaults page for navigation, but it is not a smart vault position. Each Smart Earn vault has a supply cap (Max Supply); deposits stop once it is reached. See the [Smart Earn section](/user-docs/earn/lend/smart-vaults#smart-earn).
  </Accordion>

  <Accordion title="What's the difference between Variable and Fixed Proportion?">
    Variable Proportion lets you input either token of the pair, or both, in any amounts; the protocol swaps internally to match the pool's ratio, and the internal swap pays the pool's DEX trading fee. Fixed Proportion lets you input one asset and auto-calculates the second so both legs match the pool's ratio exactly, with no internal swap fee.
  </Accordion>

  <Accordion title="Where can I see the DEX pools and their parameters?">
    On the [Statistics page](/user-docs/earn/lend/statistics), under the DEX tab. Each pool displays its reserves, Pool Price, price ranges, trading fee, and revenue cut in real time.
  </Accordion>
</AccordionGroup>

## Strategies

<AccordionGroup>
  <Accordion title="What's the difference between Multiply and Strategies?">
    Multiply lets you choose any leverage level on any supported vault, giving you full control over your position size, collateral, and debt asset.

    Strategies are pre-built positions that apply maximum leverage automatically on a curated set of pegged vaults (e.g., JupSOL/SOL, INF/SOL). They are designed for one-click entry: you deposit, and the protocol handles the looping at max leverage.

    Both products use the same underlying mechanics, the same liquidation rules, and the same fees. The difference is flexibility (Multiply) versus convenience and curation (Strategies).
  </Accordion>

  <Accordion title="What are the risks of Strategies?">
    Strategies apply maximum leverage by design, meaning your debt-to-collateral ratio sits close to the Liquidation Threshold from the moment the position is opened. The safety margin is reduced compared to a standard Multiply position.

    The main risks are:

    * **Rate risk:** If the Borrow APY exceeds the Supply APY for a sustained period, your Position Health deteriorates faster at max leverage.
    * **Depeg risk:** For pegged vaults backed by external mechanisms (syrupUSDC, LBTC), a depeg of the collateral asset could impact your position. For others (JupSOL, INF), the oracle uses on-chain redemption rates and is unaffected by market depegs.
    * **Liquidation:** If your ratio reaches the Liquidation Threshold, part of your collateral is automatically sold. Penalties vary by vault.

    You can simulate liquidation risk at max leverage using the [Liquidation Calculator](/user-docs/earn/lend/calculator).
  </Accordion>

  <Accordion title="Can I withdraw partially from a Strategy?">
    No. Withdrawing fully unwinds your position in a single transaction. The system swaps your collateral to repay all outstanding debt, then returns the remaining assets to your wallet. Partial withdrawals are not supported for Strategies.
  </Accordion>

  <Accordion title="Why does depositing require two signatures?">
    For new positions, the first signature creates your position account on-chain (including the Position NFT). The second signature applies leverage by depositing your collateral, borrowing, swapping, and re-depositing in a single flashloan-powered loop.

    If you already have a position and are adding more collateral to it, only one signature is needed.
  </Accordion>

  <Accordion title="What is capacity?">
    Capacity is the remaining borrowable amount in the strategy's underlying vault. Because strategies loop deposits at maximum leverage, this borrow headroom effectively caps how much can be deposited across all users. Each vault has a borrow ceiling that limits total leverage across all users. When capacity is low ("Filling fast") or zero ("Filled"), new deposits may be limited or unavailable until existing positions are closed or the ceiling is raised.
  </Accordion>
</AccordionGroup>

## Multiply

<AccordionGroup>
  <Accordion title="What is Multiply?">
    Multiply is an automated leverage feature on Jupiter Lend that lets you increase your exposure to an asset by borrowing against your collateral and reinvesting it in a single, atomic transaction.
  </Accordion>

  <Accordion title="What are the fees?">
    Multiply has no extra fees. It uses the same fee structure as Borrow.
  </Accordion>

  <Accordion title="What is the Position NFT?">
    Each Borrow or Multiply position is represented by a Position NFT, created when the position is opened and sent to your wallet. This NFT stores all position data (collateral, debt, risk parameters) and represents ownership of the position. It is transferable: moving it to another wallet transfers the entire position.

    <Warning>
      Do not burn this NFT while the position is open. It is required to manage and withdraw the funds associated with the position.
    </Warning>
  </Accordion>

  <Accordion title="What are the risks?">
    Multiply uses leverage, which amplifies both gains and losses. Positions can reach the Liquidation Threshold faster during adverse price movements.

    Your position is safe as long as the <Tooltip>Position Health</Tooltip> status stays below the <Tooltip>Liquidation Threshold</Tooltip>. If it reaches the threshold, part of your collateral is automatically sold to restore balance. Liquidation penalties apply only to the liquidated portion and vary by vault.

    Higher leverage increases potential returns but also increases liquidation risk.
  </Accordion>

  <Accordion title="What about liquidations?">
    Each Multiply position has a defined <Tooltip>Liquidation Threshold</Tooltip>, expressed as a maximum debt-to-collateral ratio that must not be exceeded.

    If price movements or an increase in debt cause your position to exceed this threshold, part of your collateral may be automatically sold to repay the loan.

    **How to reduce liquidation risk:**

    * Avoid maxing out leverage. Keep a safety buffer.
    * Reduce leverage (Unwind) if your position becomes risky.
    * Monitor your position regularly from the Lend dashboard.
  </Accordion>

  <Accordion title="Where does the yield come from?">
    The yield can come from the underlying asset's native yield (such as staking rewards on LSTs or yield-bearing tokens) or from borrow demand in the liquidity layer.
  </Accordion>

  <Accordion title="Why do I receive less of my token when I Unwind?">
    When you Unwind, the protocol first repays your borrowed amount using part of your collateral.

    You may receive less of your original token back because:

    * A portion was sold to repay the debt
    * Swap and network fees were applied during the process

    This is not a loss. It is the settlement of your loan and fees happening in one transaction.

    For Multiply positions where the supply token is SOL, you automatically receive native SOL when unwinding (no manual unwrapping required).
  </Accordion>

  <Accordion title="What's the difference between Unwind and Deleverage?">
    They are the same underlying action: selling part of your collateral to repay debt, reducing your leverage. **Unwind** is the name used on Multiply positions. **Deleverage** is the equivalent action available in the Actions tab of Borrow positions.
  </Accordion>

  <Accordion title="Why do depeg values differ between Multiply and Unwind?">
    The depeg value shows the percentage difference between the DEX on-chain price and the oracle price.

    Because Multiply and Unwind execute swaps in opposite directions, they interact with liquidity differently:

    * **Multiply:** swaps debt asset into collateral asset
    * **Unwind:** swaps collateral asset into debt asset

    Since market depth and routing conditions vary by direction, the depeg shown for each action can differ.
  </Accordion>
</AccordionGroup>

## Bitwise x Ethena Market

For full details on this market, see the [Markets page](/user-docs/earn/lend/markets#bitwise-x-ethena-market).

<AccordionGroup>
  <Accordion title="The Bitwise x Ethena Market is winding down. What do I need to do?">
    Sentora now runs a new isolated USDe market on Jupiter Lend, the [Sentora Market](/user-docs/earn/lend/markets#sentora-market), and the Bitwise x Ethena Market is closing. All positions in it must be unwound before a due date, to be announced in the migration guide, to avoid accruing negative interest.

    You can either move your USDe loop to the Sentora Market or exit entirely. In both cases, unwind gradually, in several passes, and do not use the Unwind action for a large position: on-chain USDG and PYUSD liquidity can be thin, and Jupiter is not responsible for slippage on DEX liquidity it does not control. The [migration guide](/user-docs/earn/lend/sentora-migration) walks through both options step by step.
  </Accordion>

  <Accordion title="What is the Bitwise x Ethena Market?">
    A lending market on Jupiter Lend co-curated with Bitwise, isolated from the Jupiter Market, and built around Ethena USDe and Paxos USDG alongside SOL. It operates as a fully separate market — activity here does not affect, and cannot be affected by, the Jupiter Market.
  </Accordion>

  <Accordion title="Is this market isolated?">
    Yes. The Bitwise x Ethena Market is isolated from the Jupiter Market at the contract level. Your exposure is limited to assets and positions held in this market, with no exposure to the Jupiter Market.
  </Accordion>

  <Accordion title="Who is Bitwise and why are they involved?">
    Bitwise is a crypto asset manager and co-curator of this market. As co-curator, they worked alongside Jupiter to design the risk parameters, asset selection, and overall structure of the Bitwise x Ethena Market.
  </Accordion>

  <Accordion title="What can I do in this market?">
    There are four ways to participate:

    * **Earn passive yield** by depositing USDG.
    * **Borrow** USDe or USDG using SOL or USDe as collateral.
    * **Multiply** your USDe exposure using leveraged loops against USDG.
    * **Enter a Strategy** (USDe Loop) with one click to amplify your yield automatically.

    USDG borrowing is currently paused in this market, so new Borrow (USDG), Multiply, and USDe Loop positions cannot be opened; repaying, withdrawing, and unwinding remain available. See [Bitwise x Ethena Market](/user-docs/earn/lend/markets#bitwise-x-ethena-market).
  </Accordion>

  <Accordion title="How does Earn work in this market?">
    Deposit USDG to lend it out to borrowers in this market and earn variable interest. Jupiter Lend automatically routes deposits to the best available rate within the market, with no manual steps required.
  </Accordion>

  <Accordion title="What are the borrowing options?">
    Three Borrow pairs are available in this market:

    * SOL → USDe (80% LTV, 85% Liquidation Threshold)
    * SOL → USDG (80% LTV, 85% Liquidation Threshold)
    * USDe → USDG (94% LTV, 95% Liquidation Threshold)

    Supply the collateral asset, then borrow against it up to the displayed LTV for that pair. While USDG borrowing is paused, only SOL → USDe accepts new borrows.
  </Accordion>

  <Accordion title="How does Multiply work in this market?">
    Multiply amplifies your USDe exposure in a single transaction. The USDe / USDG vault supports up to 16.3x leverage (94% LTV, 95% Liquidation Threshold). It borrows USDG against your USDe collateral and loops the proceeds back into USDe, compounding the position without manual steps.
  </Accordion>

  <Accordion title="What is the USDe Loop strategy?">
    USDe Loop is a one-click strategy that borrows USDG and repeatedly loops it into USDe to amplify yield. It applies maximum leverage automatically via a flashloan in a single atomic transaction. The displayed APY reflects current rates and fluctuates as Supply APY and Borrow APY change.
  </Accordion>

  <Accordion title="What are the risks of this market?">
    The main risks in the Bitwise x Ethena Market are:

    * **Smart Contract Risk** — a bug or vulnerability in the code could be exploited.
    * **Market Risk** — SOL, USDe, and USDG can change in value. A drop in collateral value can trigger liquidation.
    * **Depeg Risk** — if USDe loses its peg, collateral value drops sharply and liquidation risk increases significantly, especially at high leverage.
    * **Rate Risk** — Borrow APY can spike or Supply APY can drop, compressing or reversing yield on leveraged positions.
    * **Leverage Risk** — Multiply and Strategy positions amplify both gains and losses. Small adverse moves have an outsized impact at high multipliers.

    Use this market carefully and never deposit or borrow more than you are willing to lose.
  </Accordion>
</AccordionGroup>


# Using Borrow
Source: https://docs.jup.ag/user-docs/earn/lend/guides/using-borrow

Navigate the Borrow page, create and manage positions, and review your transaction history on Jupiter Lend.

This guide walks through the Borrow product on Jupiter Lend: how to read the interface, create a position, manage it, and review your activity. For a breakdown of how Borrow works under the hood, its fees, and its risks, see the [Borrow reference page](/user-docs/earn/lend/borrow/introduction).

<iframe title="YouTube video player" />

***

## The Borrow page

Open the Borrow tab at [jup.ag/lend](https://jup.ag/lend). The page is organised into several blocks.

### Top stats

Two figures are displayed at the top right of the page header:

| Stat | Meaning |
| - | - |
| Total Supply | Aggregate value supplied across Borrow-related vaults, expressed in USD. |
| Active Loans | Total value currently borrowed across all positions, expressed in USD. |

A **How it works** link sits next to the page subtitle. It opens a short in-app explainer. For a deeper breakdown, use the [Borrow reference page](/user-docs/earn/lend/borrow/introduction).

### Top Vaults

A carousel of featured vaults is displayed below the header. Each card shows the collateral/debt pair, the Total Supplied in that vault, and a **Create** shortcut that opens the vault page directly. These vaults are highlighted to give quick access to popular pairs.

### Your portfolio

Two boxes summarise your activity across all Borrow vaults:

| Stat | Meaning |
| - | - |
| Your Total Supply | Combined USD value of the collateral you have deposited across all your Borrow positions. |
| Your Total Borrow | Combined USD value of the assets you have borrowed across all your positions. |

### Your Positions

A list of your positions across all vaults is displayed below the portfolio stats, labelled **Your Positions**. Each position card shows its **Ratio** (current debt-to-collateral ratio against the maximum, for example `22.91% Max 92%`) with a Safe/Risky status, the totals supplied and borrowed, the current rates, and a **Manage** button linking to the vault page. Use the grid/list toggle at the top right to switch views.

The eye icon next to the title hides or shows **zero positions**: positions you have closed, which keep no collateral and no debt. They are hidden by default, so the list only shows what is still open. The setting is saved in your browser, for every Lend page that has this list.

If no positions are open, the UI shows "No positions found".

### Vault Select

Two dropdowns filter the vault list by asset:

* **Collateral**: filter by the asset you want to supply as collateral.
* **Debt**: filter by the asset you want to borrow.

### Vaults list

Below the filters, all available vaults are listed. At the top of the list, a category bar lets you narrow down by vault type:

| Category | Content |
| - | - |
| All | Every available vault. |
| SOL | Vaults using SOL or SOL-based assets as collateral. |
| BTC | Vaults using Bitcoin-based assets as collateral. |
| Incentivised | Vaults that include additional rewards on top of the standard Annual Percentage Yield (APY). |
| Pegged | Vaults where collateral and debt are correlated assets (for example stablecoin/stablecoin or LST/SOL). |
| Native Staked | Vaults that accept natively staked SOL as collateral. See the [Native Staked Vaults page](/user-docs/earn/lend/borrow/native-staked-vaults). |
| xStock | Vaults that use tokenized equities as collateral. |

Next to the category bar, a **Smart Vaults** toggle displays vaults where the collateral or debt is a token pair serving as Jupiter AMM liquidity. See the [Smart Vaults page](/user-docs/earn/lend/smart-vaults) and the [dedicated walkthrough](/user-docs/earn/lend/guides/using-smart-vaults).

Two additional controls are available next to the category bar:

* **By Supply**: toggles the display grouping (for example showing vaults aggregated by collateral asset).
* **Sort**: opens sort options for the list.

Each vault is defined by a pair: a collateral asset and a debt asset. Vaults can be expanded to show the list of available collateral/debt combinations. A single collateral asset (for example JLP) can feed multiple vaults with different debt assets (USDC, USDT, SOL, and so on). Each combination has its own row with these columns:

| Column | Meaning |
| - | - |
| Supply | The collateral asset accepted by the vault, along with the total amount currently supplied. |
| Borrow | The debt asset you can borrow, along with the total amount currently borrowed. |
| LTV | Loan-to-Value ratio: the maximum percentage of your collateral value that you can borrow. |
| Liq. Threshold | Liquidation Threshold: the debt-to-collateral ratio at which the position becomes eligible for partial liquidation. Always higher than the LTV. |
| Supply APY | Current Annual Percentage Yield (APY) earned by suppliers of the collateral side. |
| Borrow APY | Current APY paid by borrowers of the debt side. |

Use the toggle at the top right of the list to switch between grid view (cards) and list view (table).

### FAQs block

At the bottom of the page, a **FAQs** block answers common borrowing questions inline (how to take out a loan, borrowing capacity, collateral drops, risks, costs). The **Check JupLend Guides** link next to it opens this documentation.

***

## Creating a position

<Steps>
  <Step title="Find a vault">
    Use the **Collateral** and **Debt** dropdowns, the category bar, or the vault list to find the pair you want. If you know the pair, you can also click the **Create** shortcut directly from the Top Vaults carousel.
  </Step>

  <Step title="Open the vault">
    Click on the chosen vault. You land on the vault page, with the **Deposit** modal open by default.
  </Step>

  <Step title="Deposit collateral">
    Connect your wallet if it is not already connected. Enter the amount of collateral you want to deposit, or use **HALF** or **MAX** to auto-fill. An interactive 12-month earnings projection chart, based on the amount and the collateral's current deposit APY, is shown in its own card above the input.

    The modal displays your wallet balance, the amount to deposit, a **Liquidation Threshold** progress bar, and a status indicator (**Safe**, **Risky**, **Very Risky**).

    Click **Deposit** and approve the transaction in your wallet. This first transaction creates the position and deposits your collateral.
  </Step>

  <Step title="Borrow the debt asset">
    Once the deposit is confirmed, you return to the vault page. Click **Borrow** on the Borrowed Debt card. The Borrow modal opens.

    Enter the amount you want to borrow. Borrow and Withdraw forms refuse an amount that would take the position above the vault's LTV limit: the message names that limit as a percentage and either says how much more you can borrow or withdraw at the current price, or asks you to add collateral or repay debt first. A status bar displays the resulting Position Health (the status showing how close the position is to liquidation) as a percentage of the Liquidation Threshold, along with a Safe / Risky / Very Risky label. Borrowing closer to the maximum LTV leaves less room before liquidation.

    Click **Borrow** and approve the transaction. The borrowed assets are sent directly to your wallet.
  </Step>

  <Step title="Review your position">
    After the borrow is confirmed, the vault page shows your full position: supplied collateral, borrowed debt, Position Health, Net APY, estimated liquidation price, and more. You can now manage the position from this page.
  </Step>
</Steps>

### Deposit & Borrow in a single transaction

If you want to deposit collateral and borrow in one step, use the **Deposit & Borrow** action from the Actions tab instead of going through two separate transactions. See [Managing your position](#managing-your-position) below.

### Position NFT

When you create a position, Jupiter Lend automatically mints a **Position NFT** (Non-Fungible Token) to your wallet. This NFT represents ownership of the vault position on-chain. The interface identifies your position through this NFT.

<Warning>
  Do not delete or transfer the Position NFT while the position is open. The protocol uses it to identify your position. If you remove it from your wallet, you lose access to the position through the interface, and managing or closing it becomes significantly harder.
</Warning>

A small amount of SOL is paid as network rent to store the NFT on Solana. This is standard for all NFTs on the network. The NFT typically appears in your wallet under the **Collectibles** tab, labelled with the vault type or ID.

***

## The position page

Once a position is open, the vault page displays all the information needed to manage it.

### Header

The header identifies the vault and shows the main risk parameters:

| Element | Meaning |
| - | - |
| Pair and ID | The collateral/debt pair followed by the vault number (for example `SOL/USDT #1374`). |
| Subtitle | A short description (for example "Supply SOL to Borrow USDT"). |
| LTV | Maximum borrowing ratio for this vault. |
| Liq. Threshold | Debt-to-collateral ratio at which liquidation is triggered. |
| Liq. Penalty | Percentage of the liquidated portion that is charged as a penalty. Varies by vault. |

### Supplied Collateral

This card displays:

* The collateral asset and the amount currently supplied, shown in the native token and in USD.
* The **Supply APY** for this side.
* Two action buttons: **Deposit** (add more collateral) and **Withdraw** (remove collateral, within the limits of your current Position Health).

### Borrowed Debt

This card displays:

* The debt asset and the amount currently borrowed, shown in the native token and in USD.
* The **Borrow APY** for this side.
* Two action buttons: **Borrow** (take more debt) and **Repay** (return part or all of the debt).

### Position summary panel

On the right side, a panel summarises the current state of the position:

| Metric | Meaning |
| - | - |
| Position Pnl | Profit or loss since the position was opened, in USD and as a percentage (final net value minus net capital change). |
| Net USD | Net value of the position (total collateral minus total debt), in USD. |
| Net APY | Overall annual yield or cost, combining the Supply APY earned on collateral and the Borrow APY paid on debt. |
| Liq. Price/Offset | The price at which the position becomes eligible for liquidation, and the percentage drop from the current price required to reach it. |
| Position Health | Status showing how close your debt-to-collateral ratio is to the Liquidation Threshold. Values: **Safe**, **Risky**, **Very Risky**. |

A progress bar below Position Health shows the current ratio (0%) and the Liquidation Threshold as the upper bound (for example Max: L.T. 85%).

### Tabs

Below the position cards, four tabs give access to more functionality:

| Tab | Purpose |
| - | - |
| Actions | Combined and leveraged operations (Deposit & Borrow, Repay & Withdraw, Leverage, Deleverage). |
| My Positions | All your positions in this vault. |
| Stats | Historical charts: Supply APY, Borrow APY, Total Supplied, Total Borrowed, Oracle Price. |
| History | All on-chain events for the connected wallet on this vault. |

***

## Managing your position

You can manage a position using simple actions (deposit, withdraw, borrow, repay) or combined actions grouped in the Actions tab.

### Simple actions

<AccordionGroup>
  <Accordion title="Deposit more collateral">
    On the Supplied Collateral card, click **Deposit**. Enter the amount, confirm. More collateral increases your safety buffer and reduces liquidation risk.
  </Accordion>

  <Accordion title="Withdraw collateral">
    On the Supplied Collateral card, click **Withdraw**. You can only withdraw up to the amount allowed by your current Position Health and the vault's dynamic withdrawal limits. Withdrawing collateral reduces your safety buffer and increases liquidation risk.
  </Accordion>

  <Accordion title="Borrow more">
    On the Borrowed Debt card, click **Borrow**. Enter the amount, confirm. The Borrow modal shows the updated Position Health and the estimated liquidation price.
  </Accordion>

  <Accordion title="Repay debt">
    On the Borrowed Debt card, click **Repay**. You can repay part or all of your debt using the debt asset in your wallet. Repaying reduces your debt and improves your Position Health.
  </Accordion>
</AccordionGroup>

<Note>
  Position Health, Net APY, and the estimated liquidation price update in real time when you modify a position.
</Note>

### Combined actions (Actions tab)

The **Actions** tab groups operations that combine several steps into a single transaction. This reduces the number of wallet confirmations and limits exposure to intermediate states.

<AccordionGroup>
  <Accordion title="Deposit & Borrow">
    Deposit collateral and borrow debt in a single transaction. Useful when opening a position directly at the desired size, or when scaling up an existing position.

    The modal shows the projected final collateral and debt, along with the resulting Position Health.
  </Accordion>

  <Accordion title="Repay & Withdraw">
    Repay part of the debt and withdraw part of the collateral in a single transaction. Useful when unwinding a position progressively or exiting entirely.

    The modal shows the projected final collateral and debt, along with the resulting Position Health.
  </Accordion>

  <Accordion title="Leverage">
    Increase exposure to the collateral asset by borrowing, swapping the borrowed token to match the collateral, and redepositing it, all in one transaction.

    The modal lets you choose the amount to borrow, set a slippage tolerance (preset values available), and shows the Minimum Swap Return, the **Rate vs Oracle** gap between the swap price and the vault oracle price, and the **Est. Collateral Bought**. A flashloan indicator is displayed.

    <Note>
      If you want to open a dedicated leveraged position from scratch on a pegged pair, the [Multiply product](/user-docs/earn/lend/multiply) and [Strategies](/user-docs/earn/lend/strategies) are built for this use case.
    </Note>
  </Accordion>

  <Accordion title="Deleverage">
    Reduce leverage by using a portion of your deposited collateral to repay part of the debt, in a single transaction. This lowers both your exposure and your liquidation risk, without manually swapping tokens.

    The modal shows the slippage selector, Minimum Swap Return, Rate vs Oracle, and a flashloan indicator. The **Status** preview shows the resulting Position Health before you confirm.
  </Accordion>
</AccordionGroup>

### How price movements affect your position

Position Health updates continuously based on oracle prices:

* When the collateral value **rises**, Position Health improves. You gain additional borrowing capacity.
* When the collateral value **falls**, Position Health worsens and your borrowing capacity shrinks. If it reaches the Liquidation Threshold, partial liquidation begins.

Adding collateral or repaying part of the debt are the two ways to restore safety after a price drop.

***

## Closing a position

A position is considered closed when:

1. Your entire debt is repaid.
2. All remaining collateral is withdrawn.

You can close a position in two ways:

* **Repay the full debt from your wallet**, then withdraw the collateral. Works if you already hold enough of the debt asset.
* **Use Deleverage repeatedly until the debt reaches zero**, then withdraw the remaining collateral. Useful if you do not want to top up the debt asset from outside.

Once closed, the vault no longer carries any risk.

### Position NFT after closing

When you close a position, the Position NFT stays in your wallet and the position itself remains recorded onchain with zero collateral and zero debt. A closed position cannot be deleted, but it does not clutter your view: **Your Positions**, on the Borrow, Multiply and Smart Vaults pages, hides zero positions by default, and the eye icon next to the title shows them again. The **My Positions** tab of a vault page has no such filter and lists every position you hold in that vault, closed ones included.

To borrow from the same vault pair again, you can deposit into the closed position instead of creating a new one. The NFT is reused, so you do not pay the account creation fees again.

***

## The My Positions tab

On each vault page, the **My Positions** tab lists all your positions for that specific vault (there can be several). It is scoped to the current vault, unlike the **Your Positions** section on the main Borrow page which spans all vaults.

Columns displayed:

| Column | Meaning |
| - | - |
| Vault ID / Nft ID | The vault number followed by the Position NFT identifier. |
| Supply | The collateral amount for this position. |
| Borrow | The debt amount for this position. |
| Net APY | Combined yield or cost for the position. |
| Health Factor | Mathematical ratio where higher means safer. Shown as `∞` when there is no debt (no liquidation risk). |
| Liquidated | Whether the position has been liquidated (Yes / No). |
| Ratio | The current Position Health expressed as a percentage of the Liquidation Threshold. `0%` means no debt, `100%` means liquidation-imminent. |
| Last Updated | Time since the last on-chain event on this position. |

<Note>
  Health Factor and Ratio describe the same underlying safety level in different mathematical forms. Health Factor approaches `∞` as the position becomes safer; Ratio approaches `0%`. Use whichever you find most intuitive.
</Note>

***

## The Stats tab

The Stats tab displays historical charts for the vault:

* **Supply APY**: historical evolution of the rate earned on the supply side.
* **Borrow APY**: historical evolution of the rate paid on the debt side.
* **Total Supplied** and **Total Borrowed**: historical totals for the vault, in token units.
* **Oracle Price**: historical price of the collateral expressed in the debt asset (for example SOL priced in USDT).

A time selector (for example 30 days) adjusts the range displayed on each chart. These charts help you assess how rates and prices have moved before making a decision.

***

## Transaction history

The **History** tab shows all on-chain activity for the connected wallet on the current vault.

<Note>
  The history only includes user-initiated transactions. Liquidation events are listed separately in the **Liquidations** tab, introduced with Jupiter Lend v2, which shows the liquidation history for your positions, including the liquidation penalty charged on each event.
</Note>

### Filters

The top bar offers several filters:

* **Source**: All, Deposit, Borrow, Payback, Withdraw, Multiply, Unwind.
* **By date**: filter by time range.
* **All Status**: filter by transaction status (success, pending, failed).

Each row displays the source, the collateral delta, the debt delta, the truncated transaction ID (clickable, opens the transaction on a Solana explorer), and the status.

Use the **Download CSV** button to export the filtered history as a CSV file.

### Action labels vs filter labels

Some operations appear in the history under a different label than the button you clicked. The table below maps them:

| Button label (action) | History filter label |
| - | - |
| Deposit | Deposit |
| Borrow | Borrow |
| Repay | Payback |
| Withdraw | Withdraw |
| Leverage | Multiply |
| Deleverage | Unwind |

### Event types

<AccordionGroup>
  <Accordion title="Deposit">
    You supplied collateral to the vault.
  </Accordion>

  <Accordion title="Borrow">
    You took out (or increased) debt from the vault.
  </Accordion>

  <Accordion title="Payback">
    You repaid part or all of your debt.
  </Accordion>

  <Accordion title="Withdraw">
    You removed part or all of your collateral from the vault.
  </Accordion>

  <Accordion title="Multiply">
    A leverage-increasing event on the position. This typically accompanies a **Leverage** action from the Actions tab.
  </Accordion>

  <Accordion title="Unwind">
    A leverage-decreasing event on the position. This typically accompanies a **Deleverage** action from the Actions tab.
  </Accordion>
</AccordionGroup>

***

## Common mistakes to avoid

<Warning>
  **Losing or moving the Position NFT while the position is open.** The interface uses the NFT to identify your position. If it is removed from your wallet, you lose access to manage or close the position through the app.
</Warning>

A few practical points:

* **Don't borrow at the maximum LTV.** Borrowing at or near the LTV leaves almost no margin. A small price move can push the position into liquidation territory. Keep a buffer.
* **Keep a SOL buffer for fees.** Every action (deposit, borrow, repay, withdraw, leverage, deleverage) requires a small amount of SOL to pay network fees. Running out will block further actions.
* **Monitor Position Health during volatility.** APYs and collateral prices move continuously. A position that looks safe today can become Risky after a sharp price move. Check in regularly.
* **Don't assume Borrow APY is fixed.** Borrow rates adjust based on utilisation. A rising rate increases your debt faster than you may expect.
* **Don't burn the Position NFT.** Even after closing the position, the NFT is reusable for future positions in the same vault pair. Burning it is unnecessary.
* **Verify URLs before connecting your wallet.** Only use official Jupiter interfaces. Phishing sites regularly imitate DeFi protocol frontends.

***

<Card title="Learn more on Jupiter Academy" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-borrow">
  Accessing Liquidity with Jupiter Borrow — a step-by-step lesson on how Borrow works and how to use it.
</Card>


# Using Earn
Source: https://docs.jup.ag/user-docs/earn/lend/guides/using-earn

Navigate the Earn page, supply assets, withdraw, and review your transaction history on Jupiter Lend.

This guide walks through the Earn page on Jupiter Lend: how to read the interface, supply assets to earn yield, withdraw your position, and review your activity. For a breakdown of how Earn works under the hood, its fees, and its risks, see the [Earn reference page](/user-docs/earn/lend/earn).

***

<iframe title="YouTube video player" />

***

## The Earn page

Open the Earn tab at [jup.ag/lend](https://jup.ag/lend). The page is organised into three main blocks.

### Protocol stats

Three figures at the top summarise the state of Jupiter Lend across all products (Earn, Borrow, Multiply):

| Stat | Meaning |
| - | - |
| Total Supply | Total value of assets supplied to the protocol, expressed in USD. |
| Total Available | Liquidity currently available across all vaults, expressed in USD. |
| Total Borrowed | Total value currently borrowed across all vaults, expressed in USD. |

Next to the **Earn Interest on Your Crypto** title, a separate stat called **Earn Deposits** shows the total supplied to Earn vaults only, in USD, independent of Borrow and Multiply.

A **How it works** link sits next to the page subtitle. It opens a short in-app explainer. For a deeper breakdown, use the [Earn documentation page](/user-docs/earn/lend/earn).

### Your position

Three boxes summarise your activity across all Earn vaults:

| Stat | Meaning |
| - | - |
| Your Deposits | Combined USD value of your deposits across all Earn vaults. |
| Your Earnings | Total yield accrued across all your Earn positions, expressed in USD. |
| Projected Annual Yield | Estimated annual yield in USD, based on the current Annual Percentage Yield (APY) of each vault where you have a position. |

<Note>
  The Projected Annual Yield is a snapshot, not a forecast. Vault APYs change with utilisation, so your actual yield over a year can be higher or lower than this estimate.
</Note>

### Earning Vaults list

Below your position, all available vaults are listed. Each row shows:

| Column | Meaning |
| - | - |
| Vault | The asset you can supply (for example USDC, SOL, JupUSD). |
| APY | Current Annual Percentage Yield (APY) for this vault, shown as a percentage. |
| Deposited | The amount you have supplied to this vault, shown in the native token and in USD. |
| Earnings | Yield you have accrued in this vault, shown in the native token and in USD. |
| TVL | Total Value Locked (TVL) in this vault: the USD value of all assets currently supplied. |

Use the toggle at the top right of the list to switch between grid view (cards) and list view (table).

***

## Supplying assets

<Steps>
  <Step title="Open the Earn tab">
    Go to [jup.ag/lend](https://jup.ag/lend) and select **Earn**. If you want to compare APYs and utilisation before choosing a vault, see the [Statistics page](/user-docs/earn/lend/statistics).
  </Step>

  <Step title="Select a vault">
    Click the vault for the asset you want to supply. A card opens with the vault details:

    * **APY**: the vault's current Annual Percentage Yield, shown prominently at the top right with its own APY/APR toggle.
    * **Your Earnings** and **Deposited**: your current position in this vault, shown in the native token and in USD. This card only appears once you have a deposit.
    * **Vault TVL**: total supplied to this specific vault, in USD — the modal's only liquidity figure.
  </Step>

  <Step title="Enter the amount">
    Type the amount manually, or use **HALF** or **MAX** to auto-fill half or the full balance available in your connected wallet. An interactive **12-month earnings projection chart** sits above the Deposit/Withdraw tabs, projecting your existing balance plus the amount you enter, at the vault's current APY: hover it (or use the arrow keys) to inspect a given month. With no amount entered, it shows an example based on a \$1,000 deposit. It is a projection at today's rate, not a guarantee, since APY moves with utilisation.
  </Step>

  <Step title="Confirm the transaction">
    Click **Deposit** and approve the transaction in your wallet. One signature is required.
  </Step>
</Steps>

### What happens after you deposit

Once the transaction is confirmed:

* Your assets are supplied to the vault and start accruing yield immediately.
* A **JL Token** is sent to your wallet. It represents your share of the vault. A USDC deposit returns JL-USDC, a SOL deposit returns JL-SOL, and so on.
* For the JupUSD vault specifically, the JL Token is called **JUICED**. It has additional mechanics covered on the [JUICED page](/user-docs/earn/lend/borrow/juiced).

<Warning>
  Do not burn, discard, or lose access to your JL Token. It is the only on-chain proof of your deposit. Whoever holds the JL Token can withdraw the underlying funds from the vault.
</Warning>

<Note>
  The number of JL Tokens you receive is typically lower than the amount of underlying you deposited. This is expected. The JL Token price grows over time as yield accrues, so fewer tokens represent the same (and eventually more) underlying value. When you withdraw, the protocol redeems your JL Tokens for the equivalent underlying amount, including accrued yield.
</Note>

***

## Withdrawing assets

<Steps>
  <Step title="Open the vault">
    On the Earn page, click the vault where you have a position. The card opens with **Deposit** selected by default.
  </Step>

  <Step title="Switch to Withdraw">
    Select the **Withdraw** tab at the top of the card.
  </Step>

  <Step title="Enter the amount">
    Type the amount you want to withdraw, or use **HALF** or **MAX** to withdraw half or the full balance of your position.
  </Step>

  <Step title="Confirm the transaction">
    Click **Withdraw** and approve in your wallet. The underlying asset and accrued yield are sent to your wallet, and the corresponding JL Tokens are redeemed.
  </Step>
</Steps>

<Note>
  Withdrawals are subject to dynamic withdrawal limits that protect the protocol during periods of high utilisation. If the requested amount exceeds the available liquidity at that moment, you may need to withdraw in smaller amounts or wait until more liquidity returns to the vault.
</Note>

***

## Transaction history

The **History** tab shows all on-chain activity for the connected wallet across Earn vaults.

### Filters

The top bar offers several filters:

* **Source**: All, Deposit, Withdraw, Transfer, Redeem, Mint.
* **All Tokens**: filter by asset.
* **By date**: filter by time range.
* **All Status**: filter by transaction status (success, pending, failed).

Each row displays the source, amount (in native token and USD), timestamp, truncated transaction ID (clickable, opens the transaction on a Solana explorer), and status.

Use the **Download CSV** button to export the filtered history as a CSV file.

### Transaction types

<AccordionGroup>
  <Accordion title="Deposit">
    You supplied an asset to an Earn vault.
  </Accordion>

  <Accordion title="Withdraw">
    You took an asset out of an Earn vault, along with the yield accrued.
  </Accordion>

  <Accordion title="Mint">
    JL Tokens were minted to your wallet. This typically accompanies a Deposit.
  </Accordion>

  <Accordion title="Redeem">
    JL Tokens were redeemed against the underlying asset. This typically accompanies a Withdraw.
  </Accordion>

  <Accordion title="Transfer">
    JL Tokens were transferred into or out of your wallet. JL Tokens are standard Solana Program Library (SPL) tokens, so they can be sent to any Solana wallet. The recipient then holds the claim on the vault position.
  </Accordion>
</AccordionGroup>

***

## Common mistakes to avoid

<Warning>
  **Losing access to your JL Token.** The JL Token is the claim on your deposit. If you burn it, send it to a wrong address, or lose access to the wallet that holds it, the deposit cannot be recovered.
</Warning>

A few practical points:

* **Don't assume APY is fixed.** Earn APYs change with borrower demand. The Projected Annual Yield is an estimate based on the current rate, not a guarantee.
* **Keep a SOL buffer for fees.** Every deposit, withdraw, or transfer requires a small amount of SOL to pay Solana network fees. Running out of SOL will block further actions until you top up. A deposit failing with `custom program error: 0x1` is the typical symptom of a missing SOL buffer.
* **Don't expect instant full withdrawals during high utilisation.** Part of the liquidity is locked in active loans. You may need to withdraw in smaller amounts or wait until liquidity returns to the vault.
* **Don't treat JL Tokens as the underlying asset.** JL-USDC is not USDC, and JL-SOL is not SOL. They cannot be used interchangeably on other platforms unless the platform explicitly supports them.
* **Don't confuse JL Token amount with deposit amount.** The number of JL Tokens in your wallet is not equal to the amount of underlying you deposited. The JL Token price grows over time as yield accrues.
* **Verify URLs before connecting your wallet.** Only use official Jupiter interfaces. Phishing sites regularly imitate DeFi protocol frontends.

***

<Card title="Learn more on Jupiter Academy" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-earn">
  Maximizing Passive Returns with Jupiter Earn — a step-by-step lesson on how Earn works and how to use it.
</Card>


# Using Multiply
Source: https://docs.jup.ag/user-docs/earn/lend/guides/using-multiply

Navigate the Multiply page, create and manage leveraged positions, and review your transaction history on Jupiter Lend.

This guide walks through the Multiply product on Jupiter Lend: how to read the interface, create a leveraged position, manage it, and review your activity. For a breakdown of how Multiply works under the hood, its fees, and its risks, see the [Multiply reference page](/user-docs/earn/lend/multiply).

<iframe title="YouTube video player" />

***

## The Multiply page

Open the Multiply tab at [jup.ag/lend](https://jup.ag/lend). The page is organised into several blocks.

A **How it works** link sits next to the page subtitle. It opens a short in-app explainer. For a deeper breakdown, use the [Multiply reference page](/user-docs/earn/lend/multiply).

### Top Loops

A carousel of featured loops is displayed at the top. Each card shows the collateral/debt pair, the current Max Leverage APY (highest Annual Percentage Yield achievable at the maximum multiplier on that pair), and a **Multiply** shortcut that opens the vault page directly.

### Your portfolio

Two boxes summarise your activity across all Multiply positions:

| Stat | Meaning |
| - | - |
| Your NET Value | Combined net value (total collateral minus total debt) of all your Multiply positions, in USD. |
| Your Total PNL | Lifetime profit or loss across your Multiply positions, in USD and as a percentage. |

The lifetime PnL accounts for everything that affects your positions: swap fees, interest paid and earned, and liquidations. These two blocks replace the previous "Your Total Supply" and "Your Total Borrow" stats.

### Your Positions

A list of your Multiply positions across all vaults, labelled **Your Positions**. Each row shows the position ID, the Supply and Borrow sides, the position's **Earnings**, its current **Multiplier**, the Supply and Borrow APYs, and its **Ratio** with a Safe/Risky status. Each row links to the corresponding vault page for management. Use the grid/list toggle at the top right to switch views. If no positions are open, the UI shows "No positions found".

The eye icon next to the title hides or shows **zero positions**: positions you have closed, which keep no collateral and no debt. They are hidden by default, and the setting is saved in your browser.

### Loop Select

Two dropdowns filter the loops by asset:

* **Collateral**: filter by the asset you want to supply as collateral.
* **Debt**: filter by the asset you want to borrow against that collateral.

### Loops list

Below the filters, all available loops are listed. At the top of the list, a category bar narrows down by loop type:

| Category | Content |
| - | - |
| All | Every available loop. |
| SOL | Loops using SOL or SOL-based assets as collateral. |
| BTC | Loops using Bitcoin-based assets as collateral. |
| Incentivised | Loops that include additional rewards on top of the standard APY. |
| Pegged | Loops where collateral and debt are correlated assets (for example stablecoin/stablecoin or LST/SOL). |
| xStock | Loops that use tokenized equities as collateral. |

Next to the category bar, a **Smart Vaults** toggle displays loops on vaults where the collateral or debt is a token pair serving as Jupiter AMM liquidity. See the [Smart Vaults page](/user-docs/earn/lend/smart-vaults) and the [dedicated walkthrough](/user-docs/earn/lend/guides/using-smart-vaults).

Two additional controls are available next to the category bar:

* **By Supply**: toggles the display grouping (for example showing loops aggregated by collateral asset).
* **Sort**: opens sort options (by Max Multiplier, Max Net APY, Market Size, and so on).

Each loop is grouped by a collateral asset (for example JLP). Expanding the group reveals all collateral/debt combinations available for that collateral. Each combination has its own row with these columns:

| Column | Meaning |
| - | - |
| Supply | The collateral asset and total amount currently supplied, in the native token and in USD. |
| Borrow | The debt asset and total amount currently borrowed. |
| Max Multiplier | Highest leverage achievable on this pair (depends on the vault's LTV). |
| Max Net APY | Estimated yield at maximum leverage, expressed as an APY. |
| LTV | Loan-to-Value: the maximum borrowing ratio against the collateral. |
| Liq. Threshold | Liquidation Threshold: the debt-to-collateral ratio at which the position becomes eligible for partial liquidation. |
| Supply APY | Current Annual Percentage Yield (APY) earned on the collateral side. |
| Borrow APY | Current APY paid on the debt side. |

Use the toggle at the top right of the list to switch between grid view (cards) and list view (table).

***

## Creating a Multiply position

Creating a new Multiply position happens in **two transactions**: one to create the vault and deposit collateral, one to apply leverage. Adding more leverage to an **existing** position requires only one signature.

<Steps>
  <Step title="Find a loop">
    Use the Loop Select dropdowns, the category bar, or the Top Loops shortcut to find the collateral/debt pair you want.
  </Step>

  <Step title="Open the vault page">
    Click the loop. You land on the vault page with the **Multiply** tab selected by default.

    The header shows the pair (for example `JLP/JupUSD #0`), along with the vault's **LTV**, **Liq. Threshold**, and **Liq. Penalty**.
  </Step>

  <Step title="Enter the Supply amount">
    In the Supply card, enter the amount of collateral you want to deposit. Use **HALF** or **MAX** to auto-fill.

    A leverage slider below the amount lets you preview target multipliers, from `1.0x` up to the vault's maximum. The markers shown on the slider (for example `2.4x / 3.7x / 5.1x / 6.40x`) depend on the specific vault's Liquidation Threshold.
  </Step>

  <Step title="Step 1: Create Position">
    Click **Step 1: Create Position** and approve the transaction in your wallet. This first transaction creates the vault for your position and deposits your collateral. A Position NFT is minted to your wallet.
  </Step>

  <Step title="Step 2: Multiply">
    After the first confirmation, click **Step 2: Multiply** and approve in your wallet. This second transaction borrows the debt asset, swaps it into more collateral, and redeposits it to reach your chosen multiplier. All looping happens atomically in this single transaction.
  </Step>

  <Step title="Review your position">
    Once confirmed, the vault page shows your full position: Net Value, Net APY, current Multiplier, Supply APY, Borrow APY, and Position Pnl. You can manage it through the action tabs below.
  </Step>
</Steps>

### Collateral returned when opening

When the Multiply transaction completes, a small portion of your initial collateral may be returned to your wallet. The protocol only locks the amount of collateral actually required to reach the target multiplier, and any small excess is released back. This is expected and normal.

When you later Unwind, you may receive slightly less collateral than you originally deposited. Part of this difference comes from the small amount returned upfront, and part can come from slippage, price impact, or interest accrued over time. The **Est. You Receive** figure shown before you confirm is read from the actual swap quote, and the form displays a route summary (the hops and venues the internal swap goes through) alongside it.

### Position NFT

When you create a position, a **Position NFT** (Non-Fungible Token) is minted to your wallet. The interface uses it to identify your position on-chain.

<Warning>
  Do not burn or transfer the Position NFT while the position is open. Without it in your wallet, you lose the ability to manage or close the position through the interface.
</Warning>

When you close the position, the NFT stays in your wallet. If you later open a new Multiply position in the same vault pair, the NFT can be reused, so you do not pay the account creation fees again.

***

## The position page

Once a position is open, the vault page displays all the information needed to manage it.

### Header

The header identifies the vault and shows the main risk parameters:

| Element | Meaning |
| - | - |
| Pair and ID | The collateral/debt pair followed by the position number (for example `JupSOL/SOL #3082`). |
| Subtitle | Short description (for example "Multiply JupSOL with SOL"). |
| LTV | Maximum borrowing ratio for this vault. |
| Liq. Threshold | Debt-to-collateral ratio at which partial liquidation begins. |
| Liq. Penalty | Percentage charged on the liquidated portion if the position is liquidated. Varies by vault. |

### Top metrics

A row of metrics summarises the current state of the position:

| Metric | Meaning |
| - | - |
| Net Value | Total collateral value minus total debt, expressed in USD. It represents what you would keep if you fully unwound now. |
| Net APY | Effective annual yield on the position's Net Value, combining Supply APY earned on collateral and Borrow APY paid on debt. Previously labelled Final APY. |
| Multiplier | Current multiplier applied to the position, followed by the vault's maximum (for example `4.46x / 16.4x`). |
| Supply APY | Current APY earned on the collateral side. The double-arrow toggle switches the display to APR. |
| Borrow APY | Current APY paid on the debt side. The double-arrow toggle switches to APR. |
| Position Pnl | Profit or loss since the position was opened, in USD and as a percentage (final net value minus net capital change). |

<Note>
  The **Position Pnl** can be inaccurate during a collateral or debt depeg, because the calculation relies on oracle prices. The UI shows a warning icon on the metric when this caveat applies.
</Note>

### Status and Position Health

Throughout the position page, a **Status bar** visible in each action modal is the **Position Health** indicator (the metric showing how close your debt-to-collateral ratio is to the Liquidation Threshold). It is expressed as a percentage from `0%` (no debt, perfectly safe) to `100%` (at the Liquidation Threshold). A label beside it indicates the level:

* **Safe**: comfortable distance from the threshold.
* **Risky**: approaching the threshold.
* **Very Risky**: close to the threshold, partial liquidation imminent if adverse conditions continue.

### Tabs

Below the position cards, primary action tabs and secondary data tabs give access to all functionality:

**Primary (action) tabs:**

| Tab | Purpose |
| - | - |
| Multiply | Open a new position, or increase leverage on an existing one. |
| Unwind | Reduce leverage, or fully close the position. Only shown when the position has debt. |
| Add Collateral | Deposit more collateral to improve Position Health. |
| Withdraw Collateral | Remove collateral if Position Health allows. |
| Repay Debt | Repay part or all of the debt using the debt asset from your wallet. |
| Borrow Debt | Take more debt directly to your wallet. |

**Secondary (data) tabs:**

| Tab | Purpose |
| - | - |
| My Positions | All your positions in this vault. |
| Stats | Historical charts: Supply APY, Borrow APY, Oracle Price. |
| History | All on-chain events for the connected wallet on this vault. |

### Inline Liquidation Calculator

A **Liquidation Calculator (BETA)** is displayed at the bottom of the position page as a collapsible inline widget. It shows the current position under simulated parameters:

| Field | Meaning |
| - | - |
| LTV | Current Loan-to-Value, as a percentage. |
| Buffer to LT | Distance between current LTV and the Liquidation Threshold, as a percentage. |
| Multiplier | Current multiplier. |
| Borrow APY | Editable field that lets you simulate how a different borrow rate would affect the position over time. |

An **Advanced Liquidation Calculator** link below the widget opens the standalone [Liquidation Calculator page](/user-docs/earn/lend/calculator) for deeper rate scenario simulations across pegged vaults.

***

## Managing your position

Once the position is open, each primary tab triggers a specific action. All updates to the position are on-chain and update the Status in real time.

<AccordionGroup>
  <Accordion title="Increase leverage (Multiply tab)">
    Use the leverage slider to set a new target multiplier above the current one. The Projected Position panel shows the resulting Final Collateral and Final Debt.

    Click **Multiply** and confirm. This is a single transaction: the protocol borrows additional debt, swaps it into more collateral, and redeposits.
  </Accordion>

  <Accordion title="Reduce leverage or exit (Unwind tab)">
    The Unwind tab is available when the position has debt. Use the percentage slider to choose how much of the position to unwind:

    * **Partial Unwind**: select a percentage (for example 25%, 50%, 75%). A portion of the collateral is sold to repay part of the debt. Your multiplier decreases and Position Health improves.
    * **Full Unwind**: set the slider to 100%. All debt is repaid using the collateral, and any remaining collateral is returned to your wallet. The position is closed.

    Click **Unwind** and confirm. This is a single transaction.
  </Accordion>

  <Accordion title="Add Collateral">
    Open the **Add Collateral** tab. Enter the amount, using **HALF** or **MAX** to auto-fill from your wallet balance. The Status bar previews the improved Position Health.

    Click **Deposit** and confirm. Adding collateral always improves Position Health, and does not change debt.
  </Accordion>

  <Accordion title="Withdraw Collateral">
    Open the **Withdraw Collateral** tab. Enter the amount you want to withdraw. The Status bar previews the new Position Health.

    You can only withdraw up to the amount allowed by your current Position Health and the vault's dynamic withdrawal limits. Click **Withdraw** and confirm.

    Withdrawing reduces your safety buffer and increases liquidation risk.
  </Accordion>

  <Accordion title="Repay Debt">
    Open the **Repay Debt** tab. Enter the amount using the debt asset from your wallet, with **HALF** or **MAX** based on your wallet balance.

    Click **Repay** and confirm. Repaying debt reduces total debt and immediately improves Position Health.
  </Accordion>

  <Accordion title="Borrow Debt">
    Open the **Borrow Debt** tab. Enter the additional amount to borrow. The Status bar previews the resulting Position Health and the slider shows where the new LTV sits relative to the Liquidation Threshold.

    Click **Borrow** and confirm. Borrowed assets are sent directly to your wallet, while the Multiply position remains open. This increases exposure and pushes the position closer to the Liquidation Threshold.
  </Accordion>
</AccordionGroup>

### Advanced Options (Multiply and Unwind)

The **Advanced Options** panel on the Multiply and Unwind tabs exposes swap-related controls:

* **Slippage**: tolerance for the swap performed inside the transaction. Presets are `0.05%` and `0.1%`, with a custom value option.
* **Minimum Swap Return**: minimum amount you will receive from the swap after slippage. Informational, derived from the amount and slippage setting.
* **Rate vs Oracle**: the gap between the price the swap fills at and the vault oracle price your collateral is valued at. Small gaps are normal (the oracle updates in steps and pools charge a spread) and are shown in a neutral colour; a wider gap turns amber, and red is kept for a gap past 1% on pegged vaults or 2% on others, which usually means thin liquidity. The tooltip says whether the gap works for or against you on this trade.
* **Est. Collateral Bought** (Multiply only): the collateral the swap is expected to deliver, next to what the same debt would buy at the oracle price, for example "99.89 sUSDai (100.00 at oracle)".
* **Simulate transaction**: when enabled, runs a projection of the transaction outcome before execution, so you can review the final state before signing.

<Note>
  Jupiter Lend charges no flashloan fees on Multiply or Unwind. The modal displays this as a reminder.
</Note>

### How price movements affect your position

Position Health updates continuously based on oracle prices. Leverage amplifies this sensitivity:

* When the collateral value **rises** relative to the debt, Position Health improves.
* When the collateral value **falls**, Position Health worsens faster than on a non-leveraged position. If it reaches the Liquidation Threshold, partial liquidation begins.

Changes in the Borrow APY relative to the Supply APY also gradually affect Position Health, even if prices are stable: when borrow outpaces supply, debt grows faster than collateral and the ratio drifts closer to the threshold.

***

## Closing a position

A position is closed when the debt is zero. Two paths:

* **Full Unwind** (most common): set the Unwind slider to 100%. All debt is repaid using the collateral, and any remaining collateral is returned to your wallet. This is a single transaction.
* **Manual repay then withdraw**: use **Repay Debt** to repay the full debt from your wallet, then **Withdraw Collateral** to remove the remaining collateral.

After closing, the Position NFT stays in your wallet and the position remains recorded onchain with zero collateral and zero debt. It cannot be deleted, but **Your Positions** hides zero positions by default; the eye icon next to the title shows them again, and a vault's **My Positions** tab always lists them. To open a new Multiply position in the same vault pair, you can reuse the closed one.

***

## The My Positions tab

Lists all your positions in the current vault. It is scoped to this vault, unlike the **Your Positions** section on the main Multiply page which spans all vaults.

Columns displayed:

| Column | Meaning |
| - | - |
| Vault ID / Nft ID | The vault number followed by the Position NFT identifier. |
| Supply | The collateral amount for this position. |
| Borrow | The debt amount for this position. |
| Net APY | Effective annual yield on the position's Net Value. |
| Health Factor | Mathematical ratio where higher means safer. Shown as `∞` when there is no debt (no liquidation risk). |
| Liquidated | Whether the position has been liquidated (Yes / No). |
| Ratio | The current Position Health expressed as a percentage of the Liquidation Threshold. `0%` means no debt, `100%` means liquidation-imminent. |
| Last Updated | Time since the last on-chain event on this position. |

<Note>
  Health Factor and Ratio describe the same safety level in different mathematical forms. Health Factor approaches `∞` as the position becomes safer; Ratio approaches `0%`. Use whichever you find most intuitive.
</Note>

***

## The Stats tab

The Stats tab displays historical charts for the vault:

* **Supply APY**: historical evolution of the rate earned on the supply side.
* **Borrow APY**: historical evolution of the rate paid on the debt side.
* **Oracle Price**: historical price of the collateral asset expressed in the debt asset (for example JupSOL priced in SOL).

A time selector (for example 30 days) adjusts the range displayed on each chart.

***

## Transaction history

The **History** tab shows all on-chain activity for the connected wallet on the current vault.

### Filters

* **Source**: All, Deposit, Borrow, Payback, Withdraw, Multiply, Unwind.
* **By date**: filter by time range.
* **All Status**: filter by transaction status (success, pending, failed).

Each row displays the source, the collateral delta, the debt delta, the truncated transaction ID (clickable, opens the transaction on a Solana explorer), and the status.

Use the **Download CSV** button to export the filtered history as a CSV file.

<Note>
  The history only includes user-initiated transactions. Liquidation events are listed separately in the **Liquidations** tab, introduced with Jupiter Lend v2, which shows the liquidation history for your positions, including the liquidation penalty charged on each event.
</Note>

### Action labels vs filter labels

Some operations appear in the history under a different label than the button you clicked. The table below maps them:

| Action tab (button) | History filter label |
| - | - |
| Multiply | Multiply |
| Unwind | Unwind |
| Add Collateral | Deposit |
| Withdraw Collateral | Withdraw |
| Repay Debt | Payback |
| Borrow Debt | Borrow |

### Event types

<AccordionGroup>
  <Accordion title="Deposit">
    You added collateral to the position (from the Add Collateral tab, or during Step 1 of creating a new position).
  </Accordion>

  <Accordion title="Borrow">
    You borrowed additional debt directly to your wallet (from the Borrow Debt tab).
  </Accordion>

  <Accordion title="Payback">
    You repaid part or all of the debt (from the Repay Debt tab).
  </Accordion>

  <Accordion title="Withdraw">
    You removed collateral from the position (from the Withdraw Collateral tab).
  </Accordion>

  <Accordion title="Multiply">
    A leverage-increasing event. This accompanies the **Multiply** action (Step 2 of creating a new position, or increasing leverage on an existing one). It logs both the collateral and debt deltas in a single entry.
  </Accordion>

  <Accordion title="Unwind">
    A leverage-decreasing event from the **Unwind** action. Logs both the collateral and debt deltas.
  </Accordion>
</AccordionGroup>

***

## Common mistakes to avoid

<Warning>
  **Losing or moving the Position NFT while the position is open.** The interface uses the NFT to identify your position. If it is removed from your wallet, you lose access to manage or close the position through the app.
</Warning>

A few practical points:

* **Don't pick the maximum multiplier without understanding the risk.** Higher leverage amplifies both gains and losses. A position at max multiplier is very sensitive to price changes and can be liquidated after a small move.
* **Don't assume Borrow APY is fixed.** Borrow rates adjust based on utilisation. A rising Borrow APY can slowly push your Position Health closer to the Liquidation Threshold, even without any price movement.
* **Monitor Position Health during volatility.** Leveraged positions react faster to price changes than non-leveraged ones. Check in regularly, especially in fast markets.
* **Keep a SOL buffer for fees.** Every action (Multiply, Unwind, Add Collateral, Withdraw Collateral, Borrow Debt, Repay Debt) requires SOL to pay network fees. Running out of SOL will block further actions until you top up.
* **Don't forget the second transaction when creating a position.** Creating a new Multiply position requires two signatures: Step 1 (Create Position) deposits collateral only. Step 2 (Multiply) applies the leverage. Skipping Step 2 leaves the position unleveraged.
* **Don't burn the Position NFT.** Even after closing the position, the NFT is reusable for future positions in the same vault pair. Burning it is unnecessary.
* **Verify URLs before connecting your wallet.** Only use official Jupiter interfaces. Phishing sites regularly imitate DeFi protocol frontends.

***

<Card title="Learn more on Jupiter Academy" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-multiply">
  Scaling Exposure with Jupiter Multiply — a step-by-step lesson on how Multiply works and how to use it.
</Card>


# Using Smart Vaults
Source: https://docs.jup.ag/user-docs/earn/lend/guides/using-smart-vaults

Navigate the Dual Stream Liquidity page, open smart vault and Smart Multiply positions, deposit into Smart Earn, and manage paired-token positions on Jupiter Lend.

This guide walks through the Smart Vaults page on Jupiter Lend: how to read the interface, open smart vault and Smart Multiply positions, deposit into Smart Earn, and manage a paired-token position. For the concepts behind Smart Vaults (Smart Collateral, Smart Debt, Trading APR, composition risk), see the [Smart Vaults reference page](/user-docs/earn/lend/smart-vaults).

***

## The Smart Vaults page

Open the **Smart Vaults** tab at [jup.ag/lend](https://jup.ag/lend). The page is titled **Dual Stream Liquidity**: one deposit, two yields. A **How it works** section next to the subtitle starts collapsed; **Learn more** expands three explainer cards, each with a short video: **Jupiter AMM**, **Smart Collateral**, and **Smart Debt**.

The page is organised into three sections, each with Smart Collateral / Smart Debt filters, a **By Supply** grouping toggle, and a grid/list view toggle.

### Smart Vaults (vault list)

Borrow against your assets, keep your upside. Two stats summarise the section: **Total Supply** and **Active Loans**.

Each row shows the vault (single token or pair, for example `syrupUSDC-USDC`), along with:

| Column | Meaning |
| - | - |
| Debt | The asset (or pair) you borrow. |
| Liq. Threshold | Liquidation Threshold: the debt-to-collateral ratio at which the position becomes eligible for partial liquidation. |
| Supply APY | Current rate earned on the supply side. The double-arrow toggle switches to APR. |
| Market Size | Total size of the vault's market, in USD. |

With **By Supply** enabled, rows group by supply asset and display the aggregates **Max Liq. Thresh.** and **Max Supply APY** across that asset's vaults.

### Smart Multiply

Loop your assets into a leveraged position. Rows show the loop's **Debt**, its **Max Multiplier**, the current **Net APY**, and the **Market Size**.

### Smart Earn

Supply a token pair and earn lending and trading fees. No borrowing, no liquidation. Each row shows the **Vault** (the pair, for example `USX / USDC`), the current **APY** (toggle to APR), your **Deposited** amount, and the vault's **Total Supply**.

<Note>
  Smart vaults also appear inside the standard **Borrow** and **Multiply** pages: use the **Smart Vaults** toggle in the filter bar next to the asset categories.
</Note>

***

## Variable and Fixed Proportion

Actions on the paired side of a smart vault (deposit, withdraw, borrow, repay) offer two input modes, shown as a toggle:

* **Variable Proportion** — flexible ratios. You can input either token, or both, in any amounts; the protocol internally swaps as needed to match the underlying pool's ratio. The internal swap is charged the pool's DEX trading fee, as indicated in the modal.
* **Fixed Proportion** — you input one asset, and the second asset's amount is auto-calculated so both legs match the underlying pool's ratio exactly. No internal swap fee applies in this mode.

Both modes expose per-leg amount fields with **HALF** and **MAX** shortcuts, a **Slippage** selector (presets plus a custom value), a **Status** bar showing the resulting Position Health against the Liquidation Threshold (on positions with debt), and a **Projected Position** panel comparing current and final collateral. Slippage here is the maximum tolerance between the quoted DEX share price and the price at which the transaction executes.

<Note>
  In the withdraw modal, the amount displayed next to each token is the **maximum you can withdraw in that token**, not your wallet balance and not your original per-token deposit. Because the pair is composed at the pool's ratio, withdrawing everything in a single token is possible even if you deposited the other one.
</Note>

***

## Depositing into Smart Earn

Smart Earn is a separate, supply-only product that shares the page: you provide a token pair as Jupiter AMM liquidity and earn lending and trading fees, with no borrowing, no debt, and no liquidation risk. It is not a smart vault position.

<Steps>
  <Step title="Open the vault">
    In the Smart Earn section, click the vault for the pair you want to supply. The modal opens with your **Your Earnings** and **Deposited** figures, the current **Net APY** (toggle to APR), the vault's **Current Supply** (total supplied by all users), and its **Max Supply**.
  </Step>

  <Step title="Enter the amounts">
    Select **Deposit**, choose the input mode (Variable or Fixed Proportion), and enter the amount for one token, or both. Use **HALF** or **MAX** to auto-fill from your wallet balance, and adjust the **Slippage** if needed.
  </Step>

  <Step title="Review and confirm">
    The **Projected Position** panel shows the current and final collateral for each leg of the pair. Click **Deposit** and approve the transaction in your wallet.
  </Step>
</Steps>

Withdrawing works the same way in reverse: select **Withdraw** in the same modal, choose the mode and amounts, and confirm.

<Note>
  Each Smart Earn vault has a supply cap: **Max Supply** is the pool's ceiling, and deposits stop once it is reached.
</Note>

***

## Opening a smart vault position

<Steps>
  <Step title="Find a vault">
    Use the Smart Vaults list, or the standard Borrow page with the **Smart Vaults** toggle enabled. Click **Create Position**.
  </Step>

  <Step title="Deposit collateral">
    If the supply side is a pair, choose the input mode (Variable or Fixed Proportion) and enter the amount for one or both tokens. If it is a single token, enter the amount directly. Use **HALF** or **MAX** to auto-fill.
  </Step>

  <Step title="Borrow the debt asset">
    Enter the amount to borrow. If the debt side is a pair, you can borrow in a single token or in both tokens at the pool's ratio. The **Status** bar shows the resulting Position Health as a percentage of the Liquidation Threshold.
  </Step>

  <Step title="Review and confirm">
    Check the projected position, then approve the transaction(s) in your wallet.
  </Step>
</Steps>

### Position NFT

Like every position on Jupiter Lend, a smart vault position is represented by a **Position NFT** minted to your wallet when the position is created. The interface uses it to identify and manage your position.

<Warning>
  Do not burn or transfer the Position NFT while the position is open. Without it in your wallet, you lose the ability to manage or close the position through the interface.
</Warning>

***

## The position page

Once a position is open, the vault page shows the standard layout with smart-specific additions.

### Header and cards

The header shows the pair, the position ID, the vault badges (for example **Pegged**), and the main risk parameters (LTV, Liq. Threshold, Liq. Penalty).

* The **Supplied Collateral** card shows a **Trading APR** figure at the top when the collateral is a smart pair (shown as **Trading APY**, converted, when the APR/APY toggle is set to APY). Each leg of the pair is listed separately with its own APY, followed by a **Total** and a **Net APY** for the side. Buttons: **Deposit** and **Withdraw**.
* The **Borrowed Debt** card mirrors this for the debt side. On a smart debt pair, the **Trading APR is negative**: it offsets your borrow cost. Buttons: **Borrow** and **Repay**.

### Position summary panel

| Metric | Meaning |
| - | - |
| Position Pnl | Profit or loss on the position, in USD. |
| Net USD | Net value of the position in USD. |
| Net APY | Overall annual yield or cost of the position. |
| Liq. Price/Offset | The price at which the position becomes eligible for liquidation, and the percentage move from the current price required to reach it. |
| Position Health | Status showing how close your debt-to-collateral ratio is to the Liquidation Threshold, with a progress bar up to `Max: L.T.`. |

### Tabs

| Tab | Purpose |
| - | - |
| Actions | Combined operations: Deposit & Borrow, Repay & Withdraw, Leverage, Deleverage, Swap Vault. |
| My Positions | All your positions in this vault. |
| Stats | Historical charts for the vault. |
| History | All on-chain events for the connected wallet on this vault. |
| FAQs | Frequently asked questions, inline on the position page. |

### Actions

The Actions tab groups multi-step operations into single transactions:

* **Deposit & Borrow** — increase your position in one transaction. On smart sides, the Variable/Fixed Proportion toggle applies, and the modal shows **Projected Collateral**, **Projected Debt**, and the resulting **Status**.
* **Repay & Withdraw** — unwind progressively in one transaction.
* **Leverage** — increase exposure by borrowing, swapping, and redepositing. The modal shows **Reserves**, **Projected Positions** (Current vs Final Collateral and Debt), and warns: swap fees apply to Leverage, and it may take some time to recoup them.
* **Deleverage** — use deposited collateral to pay down debt, reducing leverage and liquidation risk. Any amount remaining after a 100% deleverage is sent back to your wallet in the form of the debt token.
* **Swap Vault** — swap collateral, shift debt, merge or split vaults. A row of options narrows the action: **Wrap** and **Unwrap** convert between related assets (for example SOL to JupSOL, showing the Exchange Rate and the amount you will receive), while **xStock**, **Smart Collateral**, and **Smart Debt** filter the target vault type.

<Note>
  There is no in-place conversion between a standard position and a smart position: moving from one to the other means closing the position in one vault and opening a new one in the other.
</Note>

### Advanced Info

An **Advanced Info** panel in action modals exposes the swap-related controls:

* **Slippage** — tolerance for the internal swap, with presets and a custom value.
* **Minimum Swap Return** — minimum amount returned by the swap after slippage.
* **Price Impact** — estimated impact of the swap, measured against the vault oracle price.

***

## Tracking your PnL

Lend v2 introduces lifetime position tracking:

* At the top of the Multiply page, **Your NET Value** shows the combined net value of your positions, and **Your Total PNL** shows your profit or loss in USD and as a percentage.
* In the **Your Positions** list, each position shows its **Earnings**.
* On the position page, **Position Pnl** tracks the position's profit or loss.

The lifetime PnL accounts for everything that affects a position: swap fees, interest paid and earned, and liquidations.

***

## Common mistakes to avoid

* **Don't burn the Position NFT.** It identifies your position on-chain. Even after closing, it can be reused for a new position in the same vault.
* **Don't expect the debt mix to stay fixed.** With Smart Debt you owe a pair, and its composition shifts with trading activity. The total value is what matters; the token mix at repayment will differ from the mix at borrow time.
* **Don't read Trading APR as guaranteed.** It depends on trading volume routed through the pool and can drop to zero.
* **Keep a SOL buffer for fees.** Every action requires a small amount of SOL for network fees.
* **Monitor Position Health during volatility.** Smart positions follow the same liquidation rules as all Jupiter Lend vaults.
* **Verify URLs before connecting your wallet.** Only use official Jupiter interfaces.

***

<Card title="Smart Vaults reference" icon="layer-group" href="/user-docs/earn/lend/smart-vaults">
  The concepts behind Smart Vaults: Smart Collateral, Smart Debt, Trading APR, vault types, rebalancing, and risks.
</Card>


# Using Strategies
Source: https://docs.jup.ag/user-docs/earn/lend/guides/using-strategies

Enter pre-built, max-leverage positions on pegged vaults in a single click on Jupiter Lend.

This guide walks through the Strategies product on Jupiter Lend: how to read the interface, enter a strategy, and withdraw. For the full breakdown of mechanics, available strategies, fees, and risks, see the [Strategies reference page](/user-docs/earn/lend/strategies).

Strategies are built on top of [Multiply](/user-docs/earn/lend/multiply). They use the same engine, the same liquidation rules, and the same fee structure. The difference is that leverage and vault selection are preset: you choose a strategy, deposit your collateral, and the protocol handles the rest at maximum leverage on a pegged vault.

***

## The Strategies page

Open **Strategies** from the **More** menu of the Jupiter Lend navigation, or go to [jup.ag/lend/strategies](https://jup.ag/lend/strategies) directly; Strategies no longer has its own tab. The page is organised around a single **Available Strategies** section.

A **How it works** link next to the page subtitle opens a short in-app explainer.

### Strategy cards

Each strategy is displayed as a card with the following information:

| Element | Meaning |
| - | - |
| Name | Follows the pattern `<Collateral> Loop` (for example `JupSOL Loop`, `INF Loop`). |
| APY | Current Annual Percentage Yield (APY) on the position's net value, at maximum leverage. Variable, updates in real time. |
| Description | One-line summary of the loop (for example "Borrows SOL and loops into JupSOL to amplify your yield"). |
| Deposited | Total USD value currently deposited in the strategy across all users. |
| Capacity Left | Remaining deposit capacity before the strategy reaches its ceiling, with a status badge. |
| Risk | Opens a Risk modal describing the strategy's specific risks. The modal also exposes a [Liquidation Calculator](/user-docs/earn/lend/calculator) to simulate rate scenarios at max leverage. |
| Deposit | Opens the deposit modal for that strategy. |

The Capacity Left badge has three possible values:

* **Available**: deposits are open.
* **Filling fast**: capacity is running low.
* **Filled**: no new deposits can be made until existing positions are closed or the ceiling is raised.

### Available strategies

| Strategy | Loop | Market | Risk level |
| - | - | - | - |
| JupSOL Loop | JupSOL / SOL | Jupiter | Low |
| INF Loop | INF / SOL | Jupiter | Low |
| SyrupUSDC Loop | syrupUSDC / USDC | Jupiter | Medium |
| LBTC Loop | LBTC / cbBTC | Jupiter | Medium |

See the [Strategies reference page](/user-docs/earn/lend/strategies#available-strategies) for the yield source and the specific risks of each loop.

***

## Creating a Strategy position

Creating a new Strategy position happens in **two transactions**: one to create the position account, one to apply the leverage. Adding more collateral to an **existing** position takes a single signature.

<Steps>
  <Step title="Choose a strategy">
    On the Strategies page, pick the strategy matching your target exposure. Click **Deposit** on the card.
  </Step>

  <Step title="Review the modal">
    The modal opens with the strategy pair in the header (for example `JupSOL/SOL`). At the top, three values are displayed:

    * **APY**: current estimated yield on your net value.
    * **Vault TVL**: total value locked in the strategy's vault.
    * **Capacity Left**: available capacity, with the same status badge as the card.

    If the badge shows **Filled**, deposits are paused and the action button is disabled until new capacity opens.
  </Step>

  <Step title="Enter the deposit amount">
    In the Deposit card, enter the amount of the collateral asset (for example JupSOL for the JupSOL Loop). Use **HALF** or **MAX** to auto-fill from your wallet balance. The **Rate vs Oracle** figure displayed below the amount shows the gap between the price of the internal swap the protocol performs to build the leverage and the vault oracle price; small gaps are normal, red is kept for large gaps that usually mean thin liquidity.
  </Step>

  <Step title="(Optional) Adjust Advanced Options">
    Expand **Advanced Options** if you want to tweak swap parameters:

    * **Slippage**: tolerance for the internal swap. Presets are `0.05%` and `0.1%`, with a custom value option.
    * **Minimum Swap Return**: minimum amount returned by the swap after slippage. Informational.
    * **Est. Collateral Bought**: the collateral the swap is expected to deliver, next to what the same amount would buy at the oracle price.

    The default `0.05%` slippage works in most cases.
  </Step>

  <Step title="Step 1: Create Position">
    Click **Deposit** to trigger Step 1. Approve the first transaction in your wallet. This creates the position account on-chain and mints a Position NFT (Non-Fungible Token) to your wallet.
  </Step>

  <Step title="Step 2: Apply Leverage">
    Once the first transaction confirms, the modal advances to Step 2. Approve the second transaction. The protocol deposits the collateral, borrows the debt asset, swaps it back into the collateral asset, and redeposits it, repeating until maximum leverage is reached on the vault.
  </Step>
</Steps>

### Adding collateral to an existing position

If you already have a position in the same strategy, depositing more collateral requires only **one transaction**. The position account and Position NFT already exist, so the modal skips straight to the leverage application step.

### Position NFT

When you create a position, a **Position NFT** is minted to your wallet. It represents ownership of the position on-chain and is used by the interface to identify your funds.

<Warning>
  Do not burn or transfer the Position NFT while the position is open. Without it in your wallet, you lose the ability to manage or withdraw the position through the interface.
</Warning>

***

## Withdrawing

Withdrawing from a Strategy fully unwinds the position in a **single transaction**. The protocol uses a flashloan to swap your collateral and repay all outstanding debt, then returns the remaining assets to your wallet.

<Note>
  Partial withdrawals are not supported for Strategies. A withdrawal always unwinds 100% of the position. If you want to reduce exposure without fully exiting, the position can be managed as a standard [Multiply](/user-docs/earn/lend/guides/using-multiply) position through the Multiply page.
</Note>

The amount returned to your wallet reflects the current net value of the position (total collateral minus total debt), minus swap and interest costs accrued during the holding period.

After the position is closed, the Position NFT stays in your wallet. If you later open a new position in the same strategy, the NFT can be reused, so you do not pay the account creation fees again.

***

## Risks at a glance

Strategies apply maximum leverage on pegged vaults. Pegged vaults significantly reduce market price risk, since the oracle uses on-chain redemption rates rather than market prices, but other risks remain:

* **Rate risk**: borrow rates are variable. If the Borrow APY exceeds the Supply APY for a sustained period, the position loses value over time. At max leverage, this effect is amplified.
* **Depeg risk**: for strategies backed by external mechanisms (syrupUSDC, LBTC), a depeg of the collateral asset or a failure in its underlying could impact the position.
* **Liquidation**: if the debt-to-collateral ratio reaches the Liquidation Threshold (the debt-to-collateral level at which partial liquidation begins), part of the collateral is automatically sold to repay the debt. For pegged vaults, liquidation is primarily driven by rate divergence over time, not by price drops.
* **Smart contract risk**: Strategies use the same smart contracts as Borrow and Multiply. Contracts have been audited, but no protocol is risk-free.

Before depositing, open the **Risk** modal on each strategy card to review its specific risks and use the embedded Liquidation Calculator to simulate rate scenarios.

The full risk breakdown per strategy is on the [Strategies reference page](/user-docs/earn/lend/strategies#risks).

***

<Card title="Learn more on Jupiter Academy" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-strategies">
  Learn how Strategies work and how to use them.
</Card>


# Jupiter Lend Overview
Source: https://docs.jup.ag/user-docs/earn/lend/index

Jupiter Lend is a lending and borrowing protocol on Solana: supply assets to earn yield, borrow against collateral, or take leveraged positions.

Jupiter Lend is a lending and borrowing protocol on Solana, powered by [Fluid's](https://fluid.io/) modular Liquidity Layer.

It allows users to supply assets to earn yield, borrow against collateral, or take leveraged positions, all from a single interface. Liquidity is shared across all products through a unified layer, which improves capital efficiency and enables higher loan-to-value ratios with lower liquidation penalties. Since Jupiter Lend v2, positions can also serve as liquidity for Jupiter AMM and earn trading fees through [Smart Vaults](/user-docs/earn/lend/smart-vaults).

All positions are on-chain, non-custodial, and managed through real-time oracle pricing.

## Markets

Jupiter Lend operates as a multi-market protocol. Each market is fully isolated, with its own assets, risk parameters, and curator. The Jupiter Market is the main market and is documented across this section by default. The Sentora Market is an isolated USDe market curated by Sentora. The Bitwise x Ethena Market is an isolated market co-curated with Bitwise; it is winding down, and its positions must be unwound before a due date to be announced in the [migration guide](/user-docs/earn/lend/sentora-migration).

<Card title="Markets" icon="layer-group" href="/user-docs/earn/lend/markets">
  Compare the available markets on Jupiter Lend, see their assets and parameters, and read the full details of the Sentora Market and the Bitwise x Ethena Market.
</Card>

## Products

<CardGroup>
  <Card title="Earn" icon="seedling" href="/user-docs/earn/lend/earn">
    Supply assets to lending pools and earn yield from borrower interest.
  </Card>

  <Card title="Borrow" icon="hand-holding-dollar" href="/user-docs/earn/lend/borrow/introduction">
    Deposit collateral and borrow another asset without selling your holdings.
  </Card>

  <Card title="Smart Vaults" icon="vault" href="/user-docs/earn/lend/smart-vaults">
    Paired-token positions that double as DEX liquidity and earn trading fees.
  </Card>

  <Card title="Multiply" icon="layer-group" href="/user-docs/earn/lend/multiply">
    Increase exposure to an asset through automated on-chain leverage.
  </Card>

  <Card title="Strategies" icon="bolt" href="/user-docs/earn/lend/strategies">
    Enter pre-built, max-leverage positions on pegged vaults in one click.
  </Card>
</CardGroup>

## Metrics

<CardGroup>
  <Card title="Statistics" icon="chart-line" href="/user-docs/earn/lend/statistics">
    Real-time data on liquidity, utilization, vault positions, and protocol activity.
  </Card>

  <Card title="Protocol Details" icon="book" href="/user-docs/earn/lend/protocol-details">
    Definitions of key terms and parameters used across Jupiter Lend.
  </Card>

  <Card title="Refinance" icon="arrow-right-arrow-left" href="/user-docs/earn/lend/refinance">
    Migrate positions from other protocols into Jupiter Lend in one transaction.
  </Card>
</CardGroup>

## Advanced Overview

For users who want to understand the protocol's internals: how liquidity flows, how liquidations are processed, how oracles work, and how native staking integrates with lending.

<CardGroup>
  <Card title="Liquidity Layer & Risk Management" icon="shield-halved" href="/user-docs/earn/lend/liquidity-layer-and-risk-management">
    How shared liquidity works across products, and the protocol's risk controls.
  </Card>

  <Card title="Liquidation Mechanism" icon="gavel" href="/user-docs/earn/lend/liquidation-mechanism">
    How positions are liquidated, partial liquidation logic, and penalty structure.
  </Card>

  <Card title="Oracles & Contract-Priced" icon="satellite-dish" href="/user-docs/earn/lend/oracles-and-contract-priced">
    Price feeds, freshness checks, confidence intervals, and contract-based pricing.
  </Card>
</CardGroup>


# Liquidation Mechanism
Source: https://docs.jup.ag/user-docs/earn/lend/liquidation-mechanism

How Jupiter Lend liquidates risky positions: tick-based partial liquidations, penalties, the debt-to-collateral ratio, and the Liquidation Max Limit.

Liquidation is a key part of how Jupiter Lend maintains the safety and stability of the protocol.

When a user's borrowing position becomes too risky, meaning the value of their collateral falls relative to their debt, the protocol automatically sells just enough collateral to repay part or all of the loan and bring the position back to a healthy state.

## How Liquidation Works

Each position on Jupiter Lend is assigned a debt-to-collateral ratio, which measures the size of your debt compared to the value of your collateral. When this ratio exceeds a vault's Liquidation Threshold (LT), the position becomes eligible for liquidation.

Partial liquidations bring the ratio back to (or just below) the Liquidation Threshold — not back to the LTV. This means that after a liquidation, the position is no longer in the liquidatable zone, but it has not been restored to a "fully safe" state. If the collateral value continues to drop or the debt continues to grow, additional partial liquidations may occur. This is by design: the protocol only sells the minimum amount of collateral required to bring the ratio back to the LT.

To make the process efficient, Jupiter Lend uses a tick-based approach. Positions with similar risk levels (similar ratios) are grouped into ticks. If market conditions change and one tick crosses its liquidation threshold, all positions within that tick are processed together in a single, optimized transaction. This allows liquidations to be handled faster, more efficiently, and with less market impact.

Once liquidated, the remaining positions are automatically rebalanced into the next tick that matches their new ratio.

If a position's ratio exceeds the Liquidation Max Limit (LML), it exits the tick system entirely and is fully liquidated to zero.

<Note>
  **Strategies and Multiply use the same liquidation mechanism.** The difference is in the safety margin: standard Borrow positions can be opened with a buffer between the LTV and the LT, while Strategies open positions at maximum leverage by design, leaving a smaller buffer between the current ratio and the Liquidation Threshold. The mechanics are identical, but Strategies are more sensitive to rate or asset changes.
</Note>

[Smart Vaults](/user-docs/earn/lend/smart-vaults), where the collateral or the debt is a token pair, follow the same tick-based liquidation system as all other positions on Jupiter Lend. For these positions, the debt-to-collateral ratio is evaluated on the aggregate USD value of both legs of each pair: the paired side is priced through its DEX share price, where each share represents the pool-ratio composition of the two tokens, quoted in the debt token.

<AccordionGroup>
  <Accordion title="Partial Liquidations">
    Unlike systems where an entire position might be liquidated at once, Jupiter Lend only liquidates the minimum necessary amount to bring the position's debt-to-collateral ratio back to the Liquidation Threshold. The position is no longer eligible for liquidation immediately after, but it sits at the threshold rather than being restored to a fully safe state. If the collateral value drops further, additional partial liquidations may occur to bring the ratio back to the LT each time.

    This partial liquidation model reduces the risk of large sell-offs and prevents cascading liquidations in the market sense (where one large liquidation crashes the asset price and triggers others). Each partial liquidation only sells what is needed, minimizing market impact even during high volatility.
  </Accordion>

  <Accordion title="Liquidation Penalties">
    When a position is liquidated, a penalty is applied only to the portion of the position that is actually liquidated, not to the entire collateral. This penalty rewards liquidators for helping maintain system stability.

    The penalty rate varies by vault. As a result, users experience smaller losses even in liquidation events.
  </Accordion>
</AccordionGroup>

## Debt-to-Collateral Ratio

On Jupiter Lend, position risk is assessed using the debt-to-collateral ratio: your debt divided by the value of your collateral. The maximum borrowing percentage is determined by the vault's Loan-to-Value (LTV) ratio. The Liquidation Threshold (LT) is always higher than the LTV, creating a buffer between the maximum you can borrow and the point where liquidation begins.

**Position Health** is the status that shows how close your position is to liquidation. It reflects your current debt-to-collateral ratio relative to the Liquidation Threshold. The closer you are to the threshold, the higher the risk.

<Accordion title="Example: How the ratio and thresholds interact">
  *You have 20 SOL worth \$4,000, and the vault's Liquidation Threshold is 80%.*

  *You borrow \$1,000 USDC against \$4,000 of collateral. Your debt-to-collateral ratio is 25%. The position displays: 25% / 80%.*

  *If SOL falls to \$100 each, your collateral is now worth \$2,000 while your debt remains \$1,000. Your ratio is now 50%. The position displays: 50% / 80%.*

  *If you then remove \$500 worth of SOL from your vault, your remaining collateral is \$1,500 with \$1,000 debt. Your ratio is now 66.7%. The position displays: 66.7% / 80%.*
</Accordion>

## Simulate liquidation risk

For pegged vaults (used in Multiply and Strategies), you can simulate how borrow rate changes affect your position over time using the Liquidation Calculator. This is especially useful at higher leverage, where the safety margin is reduced.

<Card title="Liquidation Calculator" icon="calculator" href="/user-docs/earn/lend/calculator">
  Estimate how long it would take for a position to reach liquidation under different rate scenarios. Pegged vaults only.
</Card>


# Liquidity Layer & Risk Management
Source: https://docs.jup.ag/user-docs/earn/lend/liquidity-layer-and-risk-management

How the Liquidity Layer connects Earn, Borrow, and Multiply into one shared liquidity pool, and the risk controls protecting Jupiter Lend.

## Liquidity Layer

The Liquidity Layer is the shared infrastructure that connects all parts of Jupiter Lend: Earn, Borrow, and Multiply.

Instead of keeping liquidity separated across products, the Liquidity Layer acts as a unified pool of funds that every product draws from. Assets supplied through Earn can support borrowing and leverage activity simultaneously, keeping capital active rather than idle.

<CardGroup>
  <Card title="Capital Efficiency" icon="piggy-bank">
    Liquidity is shared between all products, allowing users to borrow more and earn better yields without requiring separate deposits for each product.
  </Card>

  <Card title="High LTVs With Lower Risk" icon="arrow-down-short-wide">
    The tick-based liquidation system allows Jupiter Lend to safely offer higher loan-to-value ratios compared to most protocols.
  </Card>

  <Card title="Automatic Balance Control" icon="scale-unbalanced">
    Borrowing and withdrawal limits adjust in real time to prevent sudden large movements of funds, keeping the protocol stable during high activity or volatility.
  </Card>

  <Card title="Dynamic Risk Management" icon="bolt-lightning">
    Risk parameters are continuously updated based on market conditions and protocol activity.
  </Card>
</CardGroup>

You don't interact directly with the Liquidity Layer. It operates in the background, enabling the efficiency and shared liquidity that powers all Jupiter Lend products.

## Borrow and Withdrawal Limits — Automated Ceilings

To prevent sudden large movements of liquidity, Jupiter Lend uses automated dynamic ceilings. These ceilings manage how much can be borrowed or withdrawn at any moment and adjust continuously over time.

This mechanism keeps the protocol stable during volatility or high activity without restricting normal usage.

<AccordionGroup>
  <Accordion title="Borrow Limit">
    Each asset has:

    * **Base Limit:** The minimum level the borrow ceiling can contract to.
    * **Max Limit:** The maximum level it can expand to.
    * **Current Borrowable Limit:** The active ceiling at any moment in time.

    The ceiling expands gradually every 6 hours by up to 25% (up to 50% for some vaults), until it reaches the Max Limit. This ensures that borrowing capacity grows smoothly rather than in sudden jumps.

    **Immediate Borrowable** = Current Borrowable Limit minus Current Total Borrowed.

    This represents how much users can borrow right now.
  </Accordion>

  <Accordion title="Withdraw Limit">
    Withdraw ceilings work in a similar way but in the opposite direction:

    * **Base Limit:** The minimum level the withdraw ceiling can contract to.
    * **Current Withdrawable Limit:** The active ceiling at a given time.

    As withdrawals accumulate, the ceiling gradually decreases every 6 hours by up to 25% (up to 50% for some vaults), limiting how quickly liquidity can leave the protocol. This protects users and prevents liquidity shocks during extreme market moves.

    **Immediate Withdrawable** = Current Total Supplied minus Current Withdrawable Limit.

    This is how much users can withdraw instantly.

    Once the Withdrawable Limit reaches the Base Limit, the base becomes the maximum and users can withdraw 100% of their deposits.
  </Accordion>

  <Accordion title="Refinance Limit">
    Refinance currently supports migrations up to \$1M per operation. If your position is larger, you can still transfer it by completing the migration in multiple steps.
  </Accordion>
</AccordionGroup>

You can view the live Borrow and Withdraw ceilings for every asset on the [Statistics page](/user-docs/earn/lend/statistics).

## Risk Management

Jupiter Lend is built with multiple security measures, but using DeFi always involves risk. Here are the main points to understand before interacting with the protocol:

* **Smart contract bugs:** Jupiter Lend's programs are audited, but no protocol is completely risk-free. A bug could lead to loss of funds or failed transactions.
* **Liquidation risk:** If the value of your collateral drops too much, part of your position will be sold to repay the debt. Jupiter Lend reduces this impact with partial liquidations and low penalties (which vary by vault), applied only to the portion that is liquidated.
* **Oracle errors:** The protocol uses multiple price sources (Chainlink, Pyth, Redstone). Inaccurate or delayed prices could cause unwanted liquidations or miscalculated <Tooltip>Position Health</Tooltip>.
* **Liquidity limits:** During extreme market moves, the protocol automatically limits large withdrawals or borrows. This protects the system and gives time for positions to rebalance safely.
* **Asset-specific risks:** Some tokens, like restaking assets or stablecoins, depend on external providers or mechanisms. Understand the risks related to each asset you use.


# Jupiter Lend Markets
Source: https://docs.jup.ag/user-docs/earn/lend/markets

Jupiter Lend operates as a multi-market protocol. Each market is fully isolated, with its own assets, risk parameters, and curator.

Jupiter Lend operates as a multi-market protocol. Each market is a fully isolated lending environment, with its own set of supported assets, risk parameters, oracle configurations, and curator.

Activity in one market does not affect, and cannot be affected by, another market. The markets share the same audited smart contracts and the same product set (Earn, Borrow, Multiply, Strategies), but operate independently at the configuration and admin level.

## Why multiple markets

Running Jupiter Lend as several isolated markets allows the protocol to support different asset classes and risk profiles without exposing all users to the same risks.

* **Risk isolation.** A failure or stress event on one market (oracle issue, depeg, bad debt) cannot propagate to another market. Each market has its own liquidity and its own admin controls.
* **Dedicated curators.** A curator is responsible for selecting the assets listed in a market, setting risk parameters (LTV, Liquidation Threshold, Liquidation Penalty, borrow ceilings), and reviewing oracle configurations. Different markets can have different curators, each specialised in the asset class they manage.
* **Distinct parameters.** Each market can have its own listing standards, ceilings, and oracle setups, tuned to the assets it supports.

Curators do not custody user funds and cannot move assets out of the protocol. Their role is to define the risk framework of the market.

## Markets at a glance

<Columns>
  <Card title="Jupiter Market" icon="landmark">
    The main market on Jupiter Lend.

    **Curator:** Fluid

    **Assets:** SOL-based LSTs, stablecoins, JLP, xStocks, Native Staked Vaults, JUICED, and more

    **Documented across the rest of this section.**
  </Card>

  <Card title="Bitwise x Ethena Market" icon="shield-halved">
    An isolated market focused on Ethena and Paxos assets.

    **Curator:** Bitwise (co-curated)

    **Assets:** USDe, USDG, SOL

    **Winding down:** positions must be unwound before a due date to be announced. See the [migration guide](/user-docs/earn/lend/sentora-migration).

    **Detailed below on this page.**
  </Card>

  <Card title="Sentora Market" icon="circle-nodes">
    An isolated USDe market curated by Sentora, the destination of the Ethena migration.

    **Curator:** Sentora

    **Assets:** USDe (collateral), PYUSD (debt and Earn)

    **Detailed below on this page.**
  </Card>
</Columns>

The markets support the same core products: Earn, Borrow, Multiply, and Strategies, each listing its own subset. Jupiter Lend v2 adds [Smart Vaults](/user-docs/earn/lend/smart-vaults); per-market availability is shown in each market's interface. The available assets, pairs, and parameters differ between markets and are configured by each market's curator.

<Note>
  The market currently displayed in the Jupiter Lend interface is selected with the market toggle at the top left of the page. The toggle shows the name of the selected market (**Jupiter Lend**, **Ethena x Bitwise**, or **Sentora**, marked **New**) and an icon for the two others. All product pages, the Statistics page, and the [Liquidation Calculator](/user-docs/earn/lend/calculator) reflect the market currently selected.
</Note>

***

## Jupiter Market

The Jupiter Market is the main lending market on Jupiter Lend, curated by [Fluid](https://fluid.io/).

It covers the full set of general assets supported by the protocol: SOL and SOL-based LSTs (JupSOL, INF, mSOL, JitoSOL, and more), stablecoins (USDC, USDT, USDG), JLP, xStocks, JUICED, sUSDai, and Native Staked Vaults. New assets are added regularly; see [Supported Assets](/user-docs/earn/lend/supported-assets) for the full list.

All the documentation in this section (Earn, Borrow, Multiply, Strategies, Statistics, Protocol Details, and the Advanced Overview pages) describes the Jupiter Market by default.

<CardGroup>
  <Card title="Earn" icon="seedling" href="/user-docs/earn/lend/earn">
    Supply assets to lending pools and earn yield from borrower interest.
  </Card>

  <Card title="Borrow" icon="hand-holding-dollar" href="/user-docs/earn/lend/borrow/introduction">
    Deposit collateral and borrow another asset without selling your holdings.
  </Card>

  <Card title="Smart Vaults" icon="vault" href="/user-docs/earn/lend/smart-vaults">
    Paired-token positions that double as DEX liquidity and earn trading fees.
  </Card>

  <Card title="Multiply" icon="layer-group" href="/user-docs/earn/lend/multiply">
    Increase exposure to an asset through automated on-chain leverage.
  </Card>

  <Card title="Strategies" icon="bolt" href="/user-docs/earn/lend/strategies">
    Enter pre-built, max-leverage positions on pegged vaults in one click.
  </Card>
</CardGroup>

***

## Sentora Market

The **Sentora Market** is an isolated lending market on Jupiter Lend curated by [Sentora](https://sentora.com/), built around Ethena's USDe and PayPal USD (PYUSD, issued by Paxos). It lives at [jup.ag/lend/sentora/market](https://jup.ag/lend/sentora/market), as the third option of the market toggle, and is the destination of the [Bitwise x Ethena migration](/user-docs/earn/lend/sentora-migration): the USDe loop that borrowed USDG there borrows PYUSD here.

At launch the market lists one Borrow pair, **USDe / PYUSD** (94% LTV, 95% Liquidation Threshold, 1% Liquidation Penalty), and one Earn vault, **PYUSD**. No Multiply vault or Strategy is listed: the leveraged USDe loop is built on the Borrow vault, with the **Deposit & Borrow** action of its Actions tab, as described in the migration guide. Parameters and listings are set by Sentora and shown in the market's interface. Like the other markets, it is isolated at the contract level: activity here does not affect the Jupiter Market or the Bitwise x Ethena Market.

<Note>
  The Sentora Market has the same navigation as the Bitwise x Ethena Market: a **Market** tab, with **Statistics** and **Transparency** under the **More** menu. The **Jupiter Lend** button at the top right of the market banner switches back to the Jupiter Market.
</Note>

***

## Bitwise x Ethena Market

The **Bitwise x Ethena Market** is a lending market on Jupiter Lend, isolated from the Jupiter Market and built around Ethena's USDe, Paxos' USDG, and SOL. It is co-curated with Bitwise, a crypto asset manager and co-curator of this market.

This market shares the same audited smart contracts as the Jupiter Market, but operates under separate risk parameters, asset listings, oracle configurations, and admin controls.

<Warning>
  **This market is winding down.** Sentora now runs a new isolated USDe market on Jupiter Lend, the [Sentora Market](#sentora-market), and all positions in the Bitwise x Ethena Market must be unwound before a due date, to be announced in the migration guide, to avoid accruing negative interest. Large positions should be unwound gradually, not in a single operation, because on-chain USDG and PYUSD liquidity can be thin. Follow the [migration guide](/user-docs/earn/lend/sentora-migration) to move a USDe loop to the Sentora Market or to exit.
</Warning>

<Note>
  In the Jupiter Lend interface, this market lives at [jup.ag/lend/ethena/market](https://jup.ag/lend/ethena/market), reached from the market selector at the top left of the Jupiter Lend interface. It has its own navigation: a **Market** tab, with **Statistics** and **Transparency** under the **More** menu.
</Note>

<Note>
  Positions using USDe as collateral (on Borrow, Multiply, or the USDe Loop strategy) earn an additional **USDe Rewards APY**, displayed in the interface on top of the standard Supply APY. These rewards are funded by Ethena, refilled weekly based on the current state of deposits, and can be withdrawn at any time. The rate is variable and may change over time depending on funding and total deposits.
</Note>

### Available products

The Bitwise x Ethena Market supports the same products as the Jupiter Market, with a curated set of assets and pairs.

<Note>
  **USDG borrowing is paused in this market.** The Borrow, Deposit & Borrow, Leverage, Multiply, and Strategy forms show *USDG borrowing is paused in the Ethena market* and disable new USDG debt, which covers the USDe / USDG and SOL / USDG pairs, the Multiply vault, and the USDe Loop. Repaying, withdrawing, and unwinding existing positions work as before, and borrowing USDe against SOL is unaffected.
</Note>

<AccordionGroup>
  <Accordion title="Earn">
    Deposit USDG into the Earn vault to lend it out and earn variable interest from borrowers in this market.

    | Vault | Supply asset |
    | - | - |
    | USDG | USDG |

    For details on how Earn works, see the [Earn page](/user-docs/earn/lend/earn).
  </Accordion>

  <Accordion title="Borrow">
    Three Borrow pairs are listed in this market; while USDG borrowing is paused, only SOL / USDe accepts new borrows:

    | Supply (collateral) | Borrow (debt) | LTV | Liquidation Threshold |
    | - | - | - | - |
    | USDe | USDG | 94% | 95% |
    | SOL | USDG | 80% | 85% |
    | SOL | USDe | 80% | 85% |

    Supply the collateral asset, then borrow against it up to the displayed LTV for that pair.

    For details on how Borrow works, see the [Borrow page](/user-docs/earn/lend/borrow/introduction).
  </Accordion>

  <Accordion title="Smart Vaults">
    Since Jupiter Lend v2 (August 2026), this market can also list smart vaults, where the collateral or the debt is a token pair serving as liquidity for Jupiter AMM, with trading fees adding to yield or reducing borrow cost.

    The available pairs and their parameters are displayed in the market's interface. For how these vaults work, see [Smart Vaults](/user-docs/earn/lend/smart-vaults).
  </Accordion>

  <Accordion title="Multiply">
    One Multiply vault is listed; new positions cannot be opened while USDG borrowing is paused:

    | Supply (collateral) | Borrow (debt) | Max Multiplier | LTV | Liquidation Threshold |
    | - | - | - | - | - |
    | USDe | USDG | 16.3x | 94% | 95% |

    For details on how Multiply works, see the [Multiply page](/user-docs/earn/lend/multiply).
  </Accordion>

  <Accordion title="Strategies">
    One Strategy is listed; it borrows USDG, so it is not open to new deposits while USDG borrowing is paused:

    | Strategy | Collateral / Debt | Risk |
    | - | - | - |
    | USDe Loop | USDe / USDG | Low |

    USDe Loop borrows USDG and loops the proceeds back into USDe to amplify yield. It applies maximum leverage automatically via a flashloan in a single atomic transaction.

    Risk Assessment as displayed in the interface: *Assets are correlated and deployed in low risk delta-neutral strategies and T-bills.*

    For details on how Strategies work, see the [Strategies page](/user-docs/earn/lend/strategies).
  </Accordion>
</AccordionGroup>

### Risks

Using the Bitwise x Ethena Market involves several risks. Read each before depositing or borrowing.

**Smart Contract Risk**\
A bug or vulnerability in the protocol's code could be exploited. The Bitwise x Ethena Market shares the same audited smart contracts as the Jupiter Market.

**Market Risk**\
SOL, USDe, and USDG can change in value. For borrowers, a drop in collateral value can trigger liquidation.

**Depeg Risk**\
USDe is a synthetic dollar backed by delta-hedged collateral. A loss of peg would sharply reduce collateral value for positions using USDe as supply, increasing liquidation risk significantly at high leverage. USDG is a regulated stablecoin issued by Paxos, with its own peg mechanism and reserves.

**Rate Risk**\
Borrow APY can spike or Supply APY can drop, compressing or reversing the net yield on leveraged positions. At high leverage, the effect is amplified.

**Leverage Risk**\
Multiply and Strategy positions amplify both gains and losses. Small adverse moves in rates or asset value have an outsized impact at high multipliers.

<Warning>
  Never deposit or borrow more than you are willing to lose. Lending and borrowing on-chain involves multiple risks that can compound under stress.
</Warning>

### Security model

The Bitwise x Ethena Market uses the same security framework as the rest of Jupiter Lend, with admin controls specific to this market.

#### Risk & Limits System

Each vault enforces both fixed limits and dynamic rate limits to protect users and the market against sudden large flows.

* **Fixed maximum debt ceiling.** Every vault has a hard cap on total debt, set at listing based on the available liquidatable liquidity in a single session.
* **Base floor with free access.** Below the base floor, users borrow without restrictions. Above it, the active ceiling expands gradually until the maximum is reached.
* **Anti-drain protection.** Flash-style drain attempts are blocked at the contract level, while normal-sized borrows clear instantly.
* **Same mechanic on withdrawals.** Below a base threshold, full instant exit is available. Above it, outflows expand at the same rate-limited pace.

*Example: Base Borrow \$5M, Max Borrow \$10M, ceiling expands 25% every 6 hours.*

#### Admin Controls and Trust Model

The Bitwise x Ethena Market is fully isolated under its own multisig with a distinct set of signers. An operational security compromise on the Jupiter Market cannot affect this market, and vice versa.

* **Timelocked Multisig (6/10 signers, 12-hour timelock):** can perform program upgrades, oracle changes, core risk parameter updates, and borrow limit increases on a market.
* **Team Multisig (6/10 signers):** can update the interest rate kink, fees, and reward rates.
* **Emergency pause:** the team multisig can pause all changes to contracts as an emergency mechanism. It cannot change oracles, core risk parameters, or create a new borrow-enabled market.

Two areas are immutable and cannot be modified by any multisig:

* **Oracle source configuration**
* **Protocol init authority scope** (zero-risk, used only for initialising new vaults)

***

## Program addresses

Jupiter Lend is composed of several on-chain programs deployed on Solana. The same programs power all markets.

| Program | Address |
| - | - |
| Lending | [`jup97Zx1NixM8UJMQFw8TtKzqTiRT3ETAJR7cVx3PfQ`](https://solscan.io/account/jup97Zx1NixM8UJMQFw8TtKzqTiRT3ETAJR7cVx3PfQ) |
| Lending Reward Rate Model | [`jupGBUJYXuzz2hVSoqjrxoEwJUB6uuHJsQqkzmYyQ7n`](https://solscan.io/account/jupGBUJYXuzz2hVSoqjrxoEwJUB6uuHJsQqkzmYyQ7n) |
| Liquidity | [`jup6QF1sNDGpkkcu6F4qaFHcRBmnSS1VgyB4uFbBvNS`](https://solscan.io/account/jup6QF1sNDGpkkcu6F4qaFHcRBmnSS1VgyB4uFbBvNS) |
| Oracle | [`jupnw4B6Eqs7ft6rxpzYLJZYSnrpRgPcr589n5Kv4oc`](https://solscan.io/account/jupnw4B6Eqs7ft6rxpzYLJZYSnrpRgPcr589n5Kv4oc) |
| Vaults | [`jupo974WCqAUMD3RtpayTap1me7StQCWtEkBbDb6Ba3`](https://solscan.io/account/jupo974WCqAUMD3RtpayTap1me7StQCWtEkBbDb6Ba3) |
| Flashloan | [`jupKxkab7RTnQJ6wXStXg6WY4rcReV3maiUNwByciFF`](https://solscan.io/account/jupKxkab7RTnQJ6wXStXg6WY4rcReV3maiUNwByciFF) |

For technical documentation on integrating with these programs, see the [developer documentation](https://developers.jup.ag/).

***

For frequently asked questions about the Bitwise x Ethena Market, see the [FAQ page](/user-docs/earn/lend/faq#bitwise-x-ethena-market).


# Multiply on Jupiter Lend
Source: https://docs.jup.ag/user-docs/earn/lend/multiply

Multiply on Jupiter Lend amplifies your exposure to an asset with automated on-chain leverage, looping in a single atomic transaction.

## What is Multiply

Multiply on Jupiter Lend allows you to amplify your exposure to a specific asset using automated on-chain leverage.

It borrows against your collateral and reinvests the borrowed funds into the same asset, all in a single atomic transaction. Unlike manual leverage strategies that require multiple steps, Multiply automates the entire loop while keeping positions easy to manage.

Leverage multiplies potential gains, but it also multiplies potential losses and can push a position toward liquidation faster if market conditions move against you.

<Note>
  **Multiply vs Strategies** — Multiply lets you choose any leverage level on any supported vault, giving you full control over your position. [Strategies](/user-docs/earn/lend/strategies) are a different product built on top of Multiply: they apply maximum leverage automatically on a curated set of pegged vaults, in one click. If you want flexibility, use Multiply. If you want a one-click max-leverage position on a pre-vetted pair, use Strategies.

  **Smart Multiply** applies the same looping mechanics to [Smart Vaults](/user-docs/earn/lend/smart-vaults), where the collateral, the debt, or both are token pairs serving as Jupiter AMM liquidity and earning trading fees. Use the **Smart Vaults** toggle in the Multiply loop list to display them.
</Note>

<AccordionGroup>
  <Accordion title="Why use Multiply?">
    Multiply is designed for users who want to:

    * Increase their exposure to assets such as SOL, mSOL, or JitoSOL
    * Boost potential yield through automated looping
    * Actively manage market exposure and risk
    * Optimize capital efficiency without leaving the Jupiter Lend interface

    **Example:**

    *You deposit 10 SOL and select 2x leverage.*

    *Jupiter Lend borrows 10 SOL worth of USDC, swaps it for SOL, and redeposits it, giving you 20 SOL exposure while keeping your total collateral and debt balanced.*

    Multiply positions are isolated: risks and rewards are contained within your vault. You can reduce or increase leverage at any time, or close partially to take profit or reduce exposure.
  </Accordion>

  <Accordion title="Fees">
    Multiply has no extra fees. It uses the same fee structure as [Borrow](/user-docs/earn/lend/borrow/introduction#fees).
  </Accordion>

  <Accordion title="Risks">
    Multiply positions follow the same liquidation rules as standard borrowing.

    If your position crosses the <Tooltip>Liquidation Threshold</Tooltip> (the debt-to-collateral ratio at which the position becomes eligible for partial liquidation) due to a drop in collateral value or an increase in debt, a portion of your collateral may be automatically sold to restore safety. Liquidation penalties vary by vault.

    The key difference with Multiply is leverage. Leverage amplifies both gains and losses, meaning positions can reach the Liquidation Threshold faster during adverse price movements. Higher leverage increases potential returns but also significantly increases liquidation risk.

    Risk management is your responsibility. Monitor your position regularly and reduce leverage or unwind if market conditions change.

    **Example:**

    *If you hold a 3x SOL Multiply position and SOL drops 20%, your exposure amplifies the loss and your Position Health (the status showing how close the position is to liquidation) can deteriorate sharply. Adding collateral or reducing leverage restores safety.*
  </Accordion>
</AccordionGroup>

## How it works

Multiply builds an amplified position by recursively borrowing and redepositing collateral within a single atomic transaction.

It allows you to maintain higher exposure to an asset while keeping liquidation and risk parameters consistent with standard borrowing.

<AccordionGroup>
  <Accordion title="Leverage Core Logic">
    The Multiply mechanism is based on looped lending: each loop borrows against existing collateral, swaps the borrowed asset into additional collateral, and redeposits it. This process repeats until the desired leverage ratio is reached.

    **Example (2x leverage on SOL):**

    1. You supply 10 SOL as base collateral.
    2. The protocol borrows USDC against this collateral.
    3. Borrowed USDC is swapped to SOL using Jupiter's swap aggregator.
    4. The purchased SOL is redeposited as collateral until the leverage ratio reaches the 2x target.

    End state:

    * Total exposure: 20 SOL
    * Collateral value: \$4,000
    * Debt value: \$2,000
    * Liquidation and risk parameters remain consistent with the vault.

    This process is atomic. All operations execute within a single Solana transaction, so no intermediate state is exposed to liquidation or front-running risk.
  </Accordion>

  <Accordion title="Unwind (reduce leverage)">
    Unwind is the reverse of Multiply. It lets you decrease leverage by selling a portion of your collateral and using the proceeds to repay part of your debt, all in a single transaction.

    This allows you to reduce exposure, take profits, or restore a healthier Position Health without closing the entire position.

    **How it works:**

    When triggered, Jupiter Lend swaps part of the collateral through the Jupiter router, uses it to repay the outstanding debt, and updates the vault. The position's collateral ratio improves immediately.

    * **Partial Unwind:** reduce leverage by a chosen amount (e.g., from 3x to 2.2x).
    * **Full Unwind:** sell enough collateral to repay the full debt and return the rest to your wallet.

    After an Unwind, it is normal to receive different assets in your wallet. Part or all of your collateral asset is used to repay the debt, and any remaining amount after the swap is returned to your wallet.

    For Multiply positions where the supply token is SOL, you automatically receive native SOL when unwinding (no manual unwrapping required).

    There are no additional fees. Unwind uses the same parameters and rates as Borrow.

    Each vault remains isolated, and the operation follows the same oracle-based pricing and liquidation logic as other products.
  </Accordion>

  <Accordion title="Position Management">
    Once a Multiply position is open, it can be managed at any time from the Position Management page. You can adjust leverage, manage collateral, and control debt to keep your position aligned with your risk tolerance and market conditions.

    **Leverage adjustments:** You can increase leverage using the Multiply tab or reduce it using Unwind. Reducing leverage repays part (or all) of the debt using collateral, improving position safety.

    **Collateral management:** Collateral can be added or withdrawn at any time. Adding collateral lowers risk. Withdrawals are only allowed if the position remains safely below the <Tooltip>Liquidation Threshold</Tooltip>.

    **Debt management:** You can borrow additional debt directly to your wallet or repay existing debt to reduce exposure. Repaying debt immediately improves the position's safety.

    **Monitoring and tracking:** The Stats tab shows historical APYs and oracle prices. The History tab provides a full log of all actions taken on the position. Since Jupiter Lend v2, the Multiply page also tracks lifetime performance: **Your NET Value** and **Your Total PNL** at the top of the page, and per-position **Earnings** in the **Your Positions** list. The lifetime PnL accounts for everything that affects the position: swap fees, interest paid and earned, and liquidations.

    **Net APY:** The Net APY displayed on your position is the return on your net value (total collateral minus total debt), not on your total collateral. With leverage, your net value is a fraction of your total position, so the effective return in absolute terms is smaller than it may appear at first glance.

    **Risk awareness:** Each position displays a Status indicator showing how close it is to the <Tooltip>Liquidation Threshold</Tooltip>. Higher leverage makes positions more sensitive to price and yield changes, requiring closer monitoring.
  </Accordion>
</AccordionGroup>

## Position NFT

Each Multiply position is linked to a Position NFT (Non-Fungible Token) sent to your wallet when the position is created.

<Warning>
  Do not burn or transfer the Position NFT while the position is open. It is required to manage and close the position through the interface.
</Warning>

When you close the position, the NFT stays in your wallet. If you later open a new Multiply position in the same vault pair, the NFT can be reused, so you do not pay the account creation fees again.

## Video walkthrough

<iframe title="YouTube video player" />

<Columns>
  <Card title="Using Multiply: Step-by-Step Walkthrough" icon="compass" href="/user-docs/earn/lend/guides/using-multiply">
    Learn how to open, manage and close a Multiply Position.
  </Card>

  <Card title="Learn more on Jupiter Academy" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-multiply">
    Scaling Exposure with Jupiter Multiply — a guided lesson on how Multiply works.
  </Card>
</Columns>


# Oracles & Contract-Priced
Source: https://docs.jup.ag/user-docs/earn/lend/oracles-and-contract-priced

How Jupiter Lend prices assets: a hop-based oracle system combining multiple trusted providers and on-chain sources, plus contract-priced assets.

The Oracle Program ensures accurate and reliable price data by integrating multiple trusted oracle providers and on-chain sources. It calculates exchange rates by combining multiple price sources in a structured sequence, ensuring reliable asset valuations.

<Note>
  The Oracle program has been audited by Zenith and Offside.
  Oracle Program Address: `jupnw4B6Eqs7ft6rxpzYLJZYSnrpRgPcr589n5Kv4oc`
</Note>

## Hop-Based Oracle System

The system computes exchange rates by processing prices from up to four sources in a sequential chain. Each source contributes to the final rate through multiplication or division, with the option to invert values as needed.

The Oracle program integrates price data from Chainlink, Pyth, and Redstone.

For example, to derive the JUPSOL/SOL rate, the system combines JUPSOL/USD and SOL/USD feeds, inverting the latter to obtain USD/SOL, resulting in an accurate exchange rate.

This design enables the system to:

* Aggregate rates from multiple feeds, reducing dependency on any single provider.
* Adjust for varying units or scales using predefined multipliers and divisors.
* Validate data integrity at each step.

## Freshness Enforcement

To ensure prices reflect current market conditions, the system enforces strict time-based validity checks:

* **User operations:** Prices must be no older than 600 seconds (10 minutes) to be considered valid for actions like borrowing or supplying assets.
* **Liquidations:** Prices can be up to 7,200 seconds (2 hours) old. The requirement is deliberately looser so that liquidations can proceed during temporary oracle delays and keep the protocol safe.

These checks prevent the protocol from using stale prices for liquidation or Position Health calculations.

## Confidence Interval Validation

The system evaluates the confidence interval provided by Pyth price feeds to ensure data reliability:

* **User operations:** The confidence interval must be within 2% of the reported price.
* **Liquidations:** The confidence interval must be within 4% of the reported price.

If a price feed's confidence exceeds these thresholds, it is rejected.

## Providers

The Oracle system sources data from multiple providers for reliability and redundancy:

* **Chainlink** — Primary provider for most vaults.
* **Pyth Network** — Used for the remaining feeds. A migration of these to the new Pyth Core is planned.
* **Redstone** — Complements Chainlink and Pyth feeds for certain tokens.

In addition to external price feeds, Jupiter Lend also supports on-chain contract-based pricing for specific assets.

## Contract-Based Pricing

Some asset prices are derived directly from on-chain contracts instead of external oracle feeds. This approach ensures real-time accuracy for yield-bearing and staking tokens whose value changes based on redemption or staking rates.

Currently, contract-based pricing is used for:

* **JITOSOL/SOL** — Price read directly from the stake pool contract.
* **mSOL/SOL** — Price read from the Marinade stake pool.
* **JUPSOL/SOL** — Tracked through a Pyth redemption rate feed reflecting on-chain value.
* **syrupUSDC/USDC, INF/SOL, PST/USDC** — Tracked through Pyth redemption rate feeds.
* **sUSDai/USD** — Tracked through a Chainlink redemption rate feed, updated about every 8 minutes with an 11-minute staleness check.

All other pairs use market price feeds from Chainlink, Pyth, or Redstone.

## Stablecoin Pegs

For stablecoins such as USDC, USDT, USDG, and USDS, the Oracle maintains a 1:1 peg with USD.

These assets use direct USD-pegged price feeds to ensure consistent valuations across all vaults and lending products. This design minimizes volatility and simplifies calculations during borrow and liquidation events.

## Oracle Interaction with Liquidations

Oracle prices are directly used to evaluate <Tooltip>Position Health</Tooltip> and determine liquidation events. Each asset has predefined thresholds:

* **Liquidation Threshold (LT):** When the debt-to-collateral ratio exceeds this value, the vault becomes eligible for partial liquidation through the tick-based system.
* **Liquidation Max Limit (LML):** If the ratio surpasses this limit, the position exits the tick system and is fully liquidated.

These calculations rely on real-time oracle prices validated by the freshness and confidence interval checks described above.


# Protocol Details
Source: https://docs.jup.ag/user-docs/earn/lend/protocol-details

Key terms and metrics across Jupiter Lend: vaults, position NFTs, withdrawal and borrow limits, and protocol parameters.

This page provides a clear overview of the key terms and metrics used across Jupiter Lend products.

## Vault

A vault is a market on Jupiter Lend composed of a collateral asset and a debt asset (e.g., SOL/USDC, mSOL/SOL, JUICED/USDC).

The term "vault" can refer to two distinct things depending on context:

* **Position vault** — a user's individual borrowing position in a given market. Each Borrow or Multiply position creates its own position vault, identified by a Position NFT. This is the meaning used on the Borrow and Multiply pages.
* **Lending pool / market** — the shared liquidity layer for a given asset pair, used by all participants. This is the meaning used on the Earn and Statistics pages.

When the distinction matters, the documentation specifies "position vault" or "lending pool".

## Pegged Vault

A pegged vault is a vault where the collateral and debt assets are correlated and priced using on-chain redemption rates rather than market prices. Examples include JupSOL/SOL, INF/SOL, JUICED/USDC.

Because the price comes from on-chain redemption rates, market price fluctuations do not directly cause liquidations on pegged vaults. The main liquidation risk comes from rate divergence (Borrow APY exceeding Supply APY for a sustained period). Pegged vaults are used in Strategies and in some Multiply positions.

## Position NFT

Each position in a vault is represented by an NFT. This NFT represents the vault, including its debt and collateral assets. The NFT can be moved freely; transferring it to another wallet transfers the entire position.

Do not burn this NFT. It is required to manage and withdraw the funds associated with the position.

## Position Parameters

<AccordionGroup>
  <Accordion title="Net APY">
    The annual return on the position's net value (total collateral minus total debt). Formula: ((supply amount × supply APY) - (borrow amount × borrow APY)) / (supply amount - borrow amount). All amounts in USD. The result applies to net value only, not total collateral. Displayed as Net APY across the interface (previously labelled Final APY).
  </Accordion>

  <Accordion title="Collateral Factor (LTV)">
    The maximum percentage of the collateral that can be borrowed against. Also called Loan-to-Value.
  </Accordion>

  <Accordion title="Liquidation Threshold (LT)">
    The debt-to-collateral ratio at which the position becomes eligible for partial liquidation. Always higher than the LTV.
  </Accordion>

  <Accordion title="Liquidation Max Limit (LML)">
    The ratio above which the position exits the tick system and is fully liquidated to zero.
  </Accordion>

  <Accordion title="Liquidation Price">
    The collateral price at which the position would reach the Liquidation Threshold. Generally shown as liquidation price / current price of collateral.
  </Accordion>

  <Accordion title="Liquidation Penalty">
    An additional amount taken from your collateral during liquidation to reward the liquidator. Varies by vault. For example, with a 1% penalty, for every \$100 of collateral sold during liquidation, an extra \$1 is given to the liquidator.
  </Accordion>

  <Accordion title="Position Health">
    The status that shows how close your position is to liquidation. It reflects your current debt-to-collateral ratio relative to the Liquidation Threshold. The closer you are to the threshold, the higher the risk.
  </Accordion>

  <Accordion title="Ratio">
    Dollar value of debt divided by dollar value of collateral (D/C ratio).
  </Accordion>

  <Accordion title="Utilization Rate">
    The ratio of borrowed amount to total supplied amount for a given asset across the protocol. Utilization is measured at the token level: it reflects how much of that asset has been borrowed relative to how much has been supplied across all vaults. Higher utilization typically results in higher interest rates for both lenders and borrowers.
  </Accordion>

  <Accordion title="Tick">
    A specific debt-to-collateral ratio level inside a vault. Jupiter Lend groups positions with similar ratios into ticks for efficient liquidation processing. Ticks are spaced by 0.15% and are shared globally within a vault.
  </Accordion>

  <Accordion title="Flashloan">
    A loan that is borrowed and repaid within a single atomic transaction. Jupiter Lend uses flashloans internally to enable looped operations like Multiply, Strategies, and Unwind, where multiple steps (borrow, swap, redeposit) execute together. The user does not interact with the flashloan directly.
  </Accordion>

  <Accordion title="Supply APR">
    Rate earned per year for supplying the collateral asset.
  </Accordion>

  <Accordion title="Borrow APR">
    Rate paid per year for borrowing the debt asset.
  </Accordion>

  <Accordion title="Supply Absorb">
    The collateral absorbed by the protocol from a borrower who becomes undercollateralized.
  </Accordion>

  <Accordion title="Borrow Absorb">
    The borrower's debt settled during the process of collateral absorption in liquidation.
  </Accordion>
</AccordionGroup>

## Smart Vaults and DEX

Terms introduced with Jupiter Lend v2 (August 2026). For the full explanation, see the [Smart Vaults page](/user-docs/earn/lend/smart-vaults).

<AccordionGroup>
  <Accordion title="Smart Vault">
    A vault where the collateral, the debt, or both are token pairs serving as liquidity for Jupiter AMM. Three types exist: Normal Collateral & Smart Debt, Smart Collateral & Normal debt, and Smart Collateral & Smart Debt.
  </Accordion>

  <Accordion title="Smart Collateral">
    A collateral position composed of a token pair that doubles as DEX liquidity. It earns trading fees (Trading APR) on top of lending yield and any native asset yield.
  </Accordion>

  <Accordion title="Smart Debt">
    A debt position composed of a token pair that doubles as DEX liquidity. Trading fees routed through the debt offset part of the Borrow APY, and can exceed it temporarily.
  </Accordion>

  <Accordion title="Smart Earn">
    A separate, supply-only product built on Jupiter AMM pools: a token pair deposited as pool liquidity, earning lending and trading fees, with no borrowing, no debt, and no liquidation risk. Shown on the Smart Vaults page for navigation, but not a smart vault position.
  </Accordion>

  <Accordion title="Max Supply (Smart Earn)">
    The supply cap of a Smart Earn vault's pool. Deposits stop once the cap is reached. Displayed in the vault's modal alongside Current Supply.
  </Accordion>

  <Accordion title="Trading APR">
    The rate generated by trading fees flowing through a smart position. Displayed as a separate component: positive on the Supplied Collateral side, negative on the Borrowed Debt side. It varies with the volume routed through the pool.
  </Accordion>

  <Accordion title="Variable Proportion">
    An input mode for actions on a smart pair. You can input either token, or both, in any amounts; the protocol swaps internally to match the pool's ratio. The internal swap is charged the pool's DEX trading fee.
  </Accordion>

  <Accordion title="Fixed Proportion">
    An input mode for actions on a smart pair. You input one asset and the second asset's amount is auto-calculated so both legs match the pool's ratio exactly, with no internal swap fee.
  </Accordion>

  <Accordion title="Composition Risk">
    The token mix of a smart pair shifts continuously as traders swap through the pool, while the total value is unaffected by the shift itself. Minimal on stable pairs, small on correlated pairs.
  </Accordion>

  <Accordion title="Pool Price">
    The current price of the pair inside a Jupiter AMM pool.
  </Accordion>

  <Accordion title="Center Price">
    The price a DEX pool concentrates its liquidity around. When the pool price reaches the bounds of the range, the pool rebalances around a new center.
  </Accordion>

  <Accordion title="Lower / Upper Range">
    The bounds of the liquidity concentration range around the Center Price, expressed as prices and as a percentage width.
  </Accordion>

  <Accordion title="Shift Time">
    The duration of a range shift while a pool rebalances around a new center. Displayed as Inactive when no shift is in progress.
  </Accordion>

  <Accordion title="Trading Fees (DEX)">
    The fee charged on swaps routing through a DEX pool. Set per pool and displayed on the Statistics page.
  </Accordion>

  <Accordion title="Revenue Cut">
    The percentage of a pool's trading fees that goes to the protocol. The remainder accrues to the positions providing the pool's liquidity.
  </Accordion>

  <Accordion title="Total Effective Reserves">
    The combined USD value of a DEX pool's reserves backing trading, across both legs of the pair.
  </Accordion>
</AccordionGroup>

## Withdrawal Limits

<AccordionGroup>
  <Accordion title="Base Limit">
    The minimum level the withdrawal ceiling can contract to. Further expansion happens from this base.
  </Accordion>

  <Accordion title="Current Limit">
    The active withdrawal ceiling. If it is \$0, 100% of users can withdraw.
  </Accordion>

  <Accordion title="Expand Percentage">
    The rate at which limits increase or decrease over the given duration.
  </Accordion>

  <Accordion title="Expand Duration">
    The time window for which the limits expand at the given rate.
  </Accordion>

  <Accordion title="Withdrawable">
    Amount available for instant withdrawal.
  </Accordion>

  <Accordion title="Withdrawal Gap">
    Safety non-withdrawable amount reserved to guarantee liquidations.
  </Accordion>
</AccordionGroup>

## Borrow Limits

<AccordionGroup>
  <Accordion title="Base Limit">
    The minimum available borrowing amount for a vault. Further expansion happens from this base.
  </Accordion>

  <Accordion title="Current Limit">
    The active borrowing ceiling.
  </Accordion>

  <Accordion title="Max Limit">
    Maximum ceiling above which it is not possible to borrow.
  </Accordion>

  <Accordion title="Expand Percentage">
    The rate at which borrowing limits adjust over time.
  </Accordion>

  <Accordion title="Expand Duration">
    The time window for which the limits expand at that rate.
  </Accordion>

  <Accordion title="Borrowable">
    Amount available for instant borrowing.
  </Accordion>
</AccordionGroup>


# Refinance
Source: https://docs.jup.ag/user-docs/earn/lend/refinance

Migrate your existing positions from other protocols into Jupiter Lend in one transaction with Refinance, without closing and reopening manually.

<img alt="Banner Whatis Refinance" title="Banner Whatis Refinance" />

## What is Refinance?

Refinance allows you to migrate your existing Multiply position from another supported protocol directly into Jupiter Lend, all in one seamless transaction.\
This lets you move to better rates, higher efficiency, and Jupiter Lend’s advanced risk and liquidation systems without manually closing and reopening positions.

Instead of repaying loans and re-supplying collateral by hand, Refinance automates the entire process for you in a single guided flow.

## Why Use Refinance?

DeFi markets evolve quickly, and interest rates or liquidation parameters often change from one protocol to another.

<u>Refinance helps you stay optimized by letting you:</u>

<Columns>
  <Card title="Migrate Positions in One Click" icon="sparkles">
    No need to withdraw, repay, or redeposit manually
  </Card>

  <Card title="Access Better Yields and Rates" icon="sparkles">
    Through Jupiter Lend’s efficient vaults.
  </Card>

  <Card title="Improve Risk Management" icon="sparkles">
    With lower liquidation penalties and higher LTVs.
  </Card>

  <Card title="Preserve Your Position Structure" icon="sparkles">
    Same debt, same collateral ratio, just improved conditions.
  </Card>
</Columns>

This makes it ideal for users who want to optimize their portfolio or consolidate assets under a single, unified system.

<AccordionGroup>
  <Accordion title="Supported Protocols & Assets" icon="">
    Currently, you can use Refinance to transfer your multiply & leveraged positions from both Kamino and MarginFi.

    Currently, Refinance supports migrations from:

    Kamino - Multiply positions:- jupSOL / SOL\\

    * JLP / USDC\\
    * mSOL / SOL\\
    * jitoSOL / SOL\\
    * syrupUSDC / USDG\\
    * syrupUSDC / USDC\\
    * SOL / USDC\\
    * INF / SOL

    MarginFi - Multiply positions:- JupSOL / SOL\\

    * JitoSOL / SOL

    Refinance will gradually expand to support more vault types, pairs, and lending protocols.
  </Accordion>
</AccordionGroup>

## How it Works

When you initiate a Refinance operation, Jupiter Lend securely interacts with both the source protocol and its own vaults to:

1. Repay your outstanding debt on the external protocol.
2. Withdraw the associated collateral.
3. Transfer these assets to Jupiter Lend.
4. Recreate your position inside Jup Lend, maintaining the same loan amount and collateral ratio.

All of this happens atomically, meaning the entire migration is executed safely within one transaction. Your position remains protected throughout the process.

<AccordionGroup>
  <Accordion title="Refinance Limit" icon="">
    For now, Refinance supports migrations up to \$1M per operation.

    If your position is larger, you can still transfer it, you’ll just need to complete the migration in multiple steps.
  </Accordion>

  <Accordion title="Fees" icon="">
    There are no additional protocol fees for using Refinance, you only pay the standard network and transaction costs associated with Solana.
  </Accordion>

  <Accordion title="Safety">
    Refinance is fully non-custodial, all operations happen directly through your own wallet.\
    The protocol does not take control of your assets at any point.

    When you start a refinance, the smart contract simply automates what you would normally do manually:

    1. Repay your existing loan on the source protocol.
    2. Withdraw your collateral.
    3. Recreate the same position on Jupiter Lend.

    Everything runs from your wallet address in a single atomic transaction.\
    That means your funds never leave your control, and there’s no intermediary or external custody involved.\
    In practice, Refinance just triggers a contract that executes these actions for you securely and instantly.
  </Accordion>
</AccordionGroup>

## FAQ

<AccordionGroup>
  <Accordion title="What is Refinance?">
    Refinance allows you to migrate your existing position from another supported protocol directly into Jupiter Lend, all in one transaction.\
    This automated process closes your position on the source protocol and recreates it on Jupiter Lend, keeping the same collateral and debt\
    structure while adapting it to Jup Lend’s optimized conditions.
  </Accordion>

  <Accordion title="Why should I use Refinance?">
    Refinance lets you move your positions to Jupiter Lend to benefit from better rates, higher efficiency, and improved liquidation mechanisms.\
    It saves you time by automating every step, no need to manually repay, withdraw, or re-open your position.\
    You also gain access to Jupiter Lend’s advanced risk management and higher LTV environment.
  </Accordion>

  <Accordion title="Which protocols are supported for refinancing?">
    Currently, Refinance supports migrations from:- **Kamino - Multiply positions:**\\

    *  jupSOL / SOL\\
    * JLP / USDC\\
    * mSOL / SOL\\
    * jitoSOL / SOL\\
    * syrupUSDC / USDG\\
    * syrupUSDC / USDC\\
    * SOL / USDC\\
    * INF / SOL
    * **MarginFi - Multiply positions:**\
      \*\*- \*\*JupSOL / SOL\\
      * JitoSOL/ SOL

    Support for more Solana-based protocols may be added in future updates.
  </Accordion>

  <Accordion title="Will I pay fees when using Refinance?">
    There are no extra protocol fees for using Refinance.\
    You’ll only pay the standard Solana network transaction costs associated with executing the refinance operation.
  </Accordion>

  <Accordion title="Is my position safe during the transfer?">
    Yes. Refinance is a non-custodial, permissionless, and atomic process.\
    All steps - repaying, withdrawing, and recreating your position - are executed from your own wallet within a single transaction.\
    Your funds never leave your control, and there’s no third-party custody involved.
  </Accordion>

  <Accordion title="Is there a maximum position size for using Refinance?">
    Yes. For now, Refinance supports migrations up to \$1M per operation.\
    If your position is larger, you can still transfer it, you’ll just need to complete the migration in multiple steps.
  </Accordion>
</AccordionGroup>


# Migrating from the Bitwise x Ethena Market to the Sentora Market
Source: https://docs.jup.ag/user-docs/earn/lend/sentora-migration

How to move a USDe loop from the Bitwise x Ethena Market to the new Sentora Market on Jupiter Lend, or exit gradually, with minimal slippage.

Sentora runs a new isolated USDe market on Jupiter Lend, the [**Sentora Market**](/user-docs/earn/lend/markets#sentora-market), live since 30 September 2026, and the [Bitwise x Ethena Market](/user-docs/earn/lend/markets#bitwise-x-ethena-market) is winding down. This guide covers how to move a USDe loop from one market to the other, or how to exit the Bitwise x Ethena Market gradually.

<Warning>
  **All positions in the Bitwise x Ethena Market must be unwound before the market's due date** to avoid accruing negative interest. The date is not final yet and will be added to this page once it is set. Given the size of the market (over \$250m notional USDe), the migration method below is strongly recommended to minimise slippage.
</Warning>

In the Bitwise x Ethena Market, the USDe loop borrows USDG (Paxos' Global Dollar) against USDe collateral. In the Sentora Market, USDe collateral backs a PYUSD (PayPal USD, issued by Paxos) debt. Both markets are isolated from each other and from the Jupiter Market.

## Your options

There are two ways to close a Bitwise x Ethena position. Both are done gradually, in loops, rather than in a single operation.

| Option | Who it is for | Result |
| - | - | - |
| **A. Migrate to the Sentora Market** | Anyone who wants to keep the USDe loop running | Position re-established in the Sentora Market with the lowest slippage |
| **B. Exit entirely** | Anyone leaving the Ethena markets | Debt repaid, USDe collateral withdrawn |

<Warning>
  Do not use the **Unwind** action on the Multiply page to close your position, and do not unwind in a single operation. If your position is \$250k notional or more, unwind gradually using the loops below. On-chain USDG and PYUSD liquidity can be thin during the migration window, and Jupiter is not responsible for losses from slippage on DEX liquidity it does not control.
</Warning>

***

## Option A: Migrate to the Sentora Market

This loop is the most capital-efficient way to move liquidity from the Bitwise x Ethena Market to the Sentora Market. Each pass repays part of your USDG debt, frees USDe collateral, redeploys it in the Sentora Market, and converts the PYUSD borrowed there back into USDG for the next pass.

The example below assumes you hold \$1m of USDe in the Bitwise x Ethena Market against \$940k of USDG debt.

The loop, repeated until the Bitwise x Ethena position is fully unwound:

1. Source USDG outside the market.
2. Repay USDG debt in the Bitwise x Ethena Market.
3. Withdraw USDe from the Bitwise x Ethena Market.
4. Deposit USDe and borrow PYUSD in the Sentora Market.
5. Convert PYUSD to USDG, then go back to step 2.

<Steps>
  <Step title="Source USDG outside the market">
    Buy USDG on Solana from any major venue, for example [Jupiter Spot](https://jup.ag/spot). The amount you hold sets how many loops you need:

    **Loops required ≈ notional position size ÷ USDG held**

    For example, \$200k of USDG unwinds a \$1m position in roughly 5 loops.
  </Step>

  <Step title="Repay debt in the Bitwise x Ethena Market">
    Open the [Bitwise x Ethena Market](https://jup.ag/lend/ethena/market) and go to your position under **Multiply**. On the position page, select the **Repay Debt** tab.

    <Frame>
      <img alt="The USDe / USDG Multiply position page, with the Repay Debt tab highlighted among Multiply, Unwind, Add Collateral, Withdraw Collateral, Repay Debt and Borrow Debt" />
    </Frame>

    Enter as much USDG as your balance allows, then click **Repay** and approve the transaction in your wallet.

    <Frame>
      <img alt="The Repay form with 200,000 USDG entered, a Safe position status and the Repay button" />
    </Frame>
  </Step>

  <Step title="Withdraw collateral">
    Select the **Withdraw Collateral** tab and withdraw the maximum USDe the position now allows. Click **Withdraw** and approve the transaction.

    <Frame>
      <img alt="The Withdraw form with 214,000 USDe entered, a Safe position status and the Withdraw button" />
    </Frame>
  </Step>

  <Step title="Deposit into the Sentora Market">
    From the Earn page, use the market selector at the top left of the Jupiter Lend interface and select **Sentora**, the entry marked **New**.

    <Frame>
      <img alt="The market selector showing the Jupiter Lend and Ethena icons and the Sentora entry marked New" />
    </Frame>

    Go to **Borrow** and open the USDe / PYUSD vault. In the **Actions** tab, choose **Deposit & Borrow**: deposit the USDe you just withdrew and borrow the maximum PYUSD the vault allows against it, in a single transaction. Click **Deposit & Borrow** and approve.

    <Frame>
      <img alt="The Deposit & Borrow form with 214,000 USDe to deposit and 200,946 PYUSD to borrow, and the Deposit & Borrow button" />
    </Frame>

    <Note>
      Borrowing close to the vault's LTV (Loan-to-Value) limit leaves little room between your position and its Liquidation Threshold. Check the resulting Position Health before confirming.
    </Note>
  </Step>

  <Step title="Convert PYUSD to USDG">
    Swap the PYUSD to USDG on your preferred venue, for example [Jupiter Spot](https://jup.ag/spot). Watch slippage on each swap.
  </Step>

  <Step title="Repeat from step 2">
    Use the USDG you now hold and repeat until your Bitwise x Ethena position is fully unwound.
  </Step>
</Steps>

***

## Option B: Exit entirely

If you are leaving the Bitwise x Ethena Market rather than migrating, unwind gradually through **Repay & Withdraw**.

<Warning>
  Do not use the **Unwind** action on the Multiply page to close your position. Liquidity can be thin during the wind-down period, and Jupiter does not control liquidity held on DEXs. Jupiter will not take responsibility for funds lost to slippage.
</Warning>

<Steps>
  <Step title="Source USDG outside the market">
    As in Option A: buy USDG on Solana, for example on [Jupiter Spot](https://jup.ag/spot). The amount you hold sets how many loops you need.
  </Step>

  <Step title="Repay and withdraw">
    Open the [Bitwise x Ethena Market](https://jup.ag/lend/ethena/market), go to **Borrow** and open the USDe / USDG vault. In the **Actions** tab, select **Repay & Withdraw**, then repay USDG and withdraw the USDe this frees, in a single transaction.

    <Frame>
      <img alt="The USDe / USDG vault page with the Actions tab open and the Repay & Withdraw action highlighted" />
    </Frame>
  </Step>

  <Step title="Convert enough USDe to USDG to fund the next repayment">
    Only convert what you need to cover the remaining debt; the rest stays as USDe. Swap USDe to USDG on any on-chain venue, for example [Jupiter Spot](https://jup.ag/spot). Watch slippage on each swap.
  </Step>

  <Step title="Repeat from step 2">
    Continue until your USDG debt is zero, then withdraw all remaining USDe. You finish holding USDe, which you can keep or convert as you choose.
  </Step>
</Steps>

***

## Slippage notice

<Warning>
  Jupiter does not control DEX liquidity for USDe, USDG or PYUSD and is not responsible for losses from slippage incurred while unwinding or migrating. Positions above \$250k notional should never be unwound in a single operation.
</Warning>

<Note>
  Always verify you are on [jup.ag](https://jup.ag) before connecting a wallet.
</Note>

***

<CardGroup>
  <Card title="Markets" icon="layer-group" href="/user-docs/earn/lend/markets#bitwise-x-ethena-market">
    Assets, parameters and risks of the Bitwise x Ethena Market.
  </Card>

  <Card title="Using Multiply" icon="layer-group" href="/user-docs/earn/lend/guides/using-multiply">
    How the Repay Debt and Withdraw Collateral tabs work on a Multiply position.
  </Card>

  <Card title="Using Borrow" icon="hand-holding-dollar" href="/user-docs/earn/lend/guides/using-borrow">
    How the Actions tab combines Deposit & Borrow and Repay & Withdraw into one transaction.
  </Card>

  <Card title="Lend FAQ" icon="circle-question" href="/user-docs/earn/lend/faq#bitwise-x-ethena-market">
    Frequently asked questions about the Bitwise x Ethena Market.
  </Card>
</CardGroup>


# Smart Vaults
Source: https://docs.jup.ag/user-docs/earn/lend/smart-vaults

Earn, borrow, and multiply on your assets, all in one place. Smart Vaults let your collateral and debt double as DEX liquidity to earn trading fees.

Smart Vaults are a vault type on Jupiter Lend, introduced with Jupiter Lend v2 (August 2026). They are powered by Jupiter AMM, a trading layer built on top of the Liquidity Layer.

In a standard vault, your collateral earns Supply APY and your debt accrues Borrow APY. Smart Vaults add a third flow: your position doubles as liquidity for Jupiter AMM, and the trading fees generated by swaps routing through it flow back to your position. This is displayed in the interface as **Trading APR**. Jupiter's product pages describe this design as "Dual Stream Liquidity": one deposit, two yields.

### Standard vaults vs Smart Vaults

| | Standard vaults | Smart Vaults |
| - | - | - |
| Collateral | Single asset | Single asset or token pair (Smart Collateral) |
| Debt | Single asset | Single asset or token pair (Smart Debt) |
| Yield on collateral | Supply APY, plus native yield where applicable | Supply APY, plus native yield, plus Trading APR |
| Cost of debt | Borrow APY | Borrow APY, reduced by Trading APR |
| Serves as DEX liquidity | No | Yes, on the smart side(s) |
| Products | Earn, Borrow, Multiply, Strategies | Smart vault list (borrow) and Smart Multiply. Smart Earn, a separate supply-only product, shares the page. |

Smart Vaults come in two building blocks, which can be combined:

<CardGroup>
  <Card title="Smart Collateral" icon="coins" href="#smart-collateral">
    Your supplied collateral is a token pair serving as DEX liquidity, earning trading fees on top of lending yield.
  </Card>

  <Card title="Smart Debt" icon="percent" href="#smart-debt">
    Your borrowed debt is a token pair serving as DEX liquidity, with trading fees reducing your effective borrow cost.
  </Card>
</CardGroup>

<Note>
  Smart Vaults are strictly **opt-in**, per position. Standard Earn, Borrow, and Multiply positions work exactly as before and have no exposure to Jupiter AMM.
</Note>

Smart Vaults live under the **Smart Vaults** tab on [jup.ag/lend](https://jup.ag/lend), on a page titled **Dual Stream Liquidity** with three sections: the smart vault list (borrow), **Smart Multiply**, and **Smart Earn**. They are distinct from [Strategies](/user-docs/earn/lend/strategies), which are one-click max-leverage positions on pegged vaults.

## Smart Earn

Smart Earn is a **separate, supply-only product**, not a smart vault position. It uses the same Jupiter AMM pools: you deposit a token pair (for example USX/USDC) that serves as pool liquidity, and earn lending and trading fees. There is no vault, no borrowing, no debt, and no liquidation risk. It is shown on the Smart Vaults page for navigation.

Deposits and withdrawals work like any smart pair: one token or both, in Variable or Fixed Proportion. Each Smart Earn vault has a supply cap, shown as **Max Supply** in the interface; deposits stop once it is reached. Earnings and the current Net APY are displayed per vault.

## Smart Collateral

Smart Collateral is an opt-in feature for paired-token deposits, such as USDC/USDT or JupSOL/SOL.

You can deposit one of the two assets, or both. The protocol composes your deposit into the pair at the current pool ratio, so you do not need to source both sides manually. Withdrawals are similarly flexible: you can exit into either token or both. The interface offers two input modes for this, **Variable Proportion** and **Fixed Proportion**, described in the [walkthrough guide](/user-docs/earn/lend/guides/using-smart-vaults#variable-and-fixed-proportion).

A Smart Collateral position can earn from several sources at once:

* **Lending yield** from supplying into the Liquidity Layer (Supply APY).
* **The asset's native yield**, where applicable (for example staking rewards on an LST).
* **Trading fees** from swaps routing through the collateral pair, shown as Trading APR.

The combined effect is a higher potential APY for the supplier than a standard single-asset deposit. All rates are variable.

## Smart Debt

On standard vaults, borrowed assets are a passive liability that costs interest. Smart Debt turns your liability into an active position.

You borrow a token pair (for example USDC/USDT) instead of a single token, and use the borrowed assets however you want. Your debt serves as liquidity for Jupiter AMM: swap fees routing through the debt pool flow back to your position, offsetting part of your Borrow APY. In the interface, this appears as a negative Trading APR on the Borrowed Debt side, reducing your net borrow cost.

When borrowing or repaying, you can act in a single token or in both tokens at the pool's ratio.

Because the fee flow works against the interest flow, the two can offset each other. In rare, short-lived periods of exceptionally high volume, the Trading APR routed through your debt can even exceed the Borrow APY, briefly flipping the net cost in your favor. Do not count on this: trading fees depend on volume and vary day to day, while borrow rates follow utilization.

## Trading APR

Trading APR is the rate generated by trading fees flowing through your position. It is displayed on both sides of a smart position:

* **Positive on the Supplied Collateral side** — trading fees add to your yield.
* **Negative on the Borrowed Debt side** — trading fees reduce your borrowing cost.

Trading APR is displayed as its own figure at the top of the position card. The label follows the interface's APR/APY display toggle: with APY selected, the figure is converted and shown as **Trading APY**. The aggregate **Net APY** shown for a smart side includes it: it is the weighted average of both legs' APYs, plus the Trading APR. Hovering the Net APY in the interface reveals the per-token breakdown.

Trading APR is variable: it depends on the trading volume routed through the pool and on the pool's fee parameters, which you can inspect per pool on the [Statistics page](/user-docs/earn/lend/statistics) under the DEX tab.

### Under the hood

Each smart pair is backed by a pool on Jupiter AMM. The pool concentrates its liquidity within a price range around a center price; when the pool price reaches the bounds of that range, the pool rebalances around a new center. The Statistics page exposes these parameters per pool: Pool Price, Center price, Lower and Upper Range, and the shift time of the rebalancing, along with each pool's trading fee and revenue cut.

## Vault types

Smart Collateral and Smart Debt can be combined. The interface distinguishes three smart vault types:

| Type | Collateral | Debt | What it does |
| - | - | - | - |
| **1. Normal Collateral & Smart Debt** | Single asset | Token pair | Borrow against standard collateral while trading fees discount your borrow cost. |
| **2. Smart Collateral & Normal debt** | Token pair | Single asset | Earn trading fees on your collateral while holding standard debt. |
| **3. Smart Collateral & Smart Debt** | Token pair | Token pair | Earn trading fees on the collateral and reduce the cost of the debt at the same time. |

At launch (August 2026), available vaults use one smart side at a time; vaults combining Smart Collateral and Smart Debt are planned. [Smart Earn](#smart-earn) is not a vault type: it is a separate supply-only product built on the same pools.

## Rebalancing and composition risk

Smart Debt loans are not denominated in a single token. You borrow a pair, and the composition of your debt shifts continuously as traders swap through the pool. If you borrow \$1,000 USDC and \$1,000 USDT, you may end up owing \$800 USDC and \$1,200 USDT. The total stays the same; the mix moves. The same logic applies to the composition of a Smart Collateral position.

This is **composition risk**:

* On stable pairs (USDC/USDT), both assets track the dollar, so the composition shift has essentially no material impact.
* On correlated pairs (JupSOL/SOL), the two assets drift slightly relative to each other over time, so composition risk exists but stays small.
* At launch (August 2026), Jupiter AMM only supports correlated pairs, so the uncorrelated-pair scenario (volatile asset against a stablecoin) and its directional-bet risk do not apply.

Rebalancing is how you earn. The pool internally maintains the pair close to its correlation, so composition stays tight, while every swap routed through your position generates a fee. A useful framing: the pool is managing your debt for you, and paying you for it. The composition shifts are how you earn.

## Risks

Smart Vaults carry the standard risks of lending and borrowing on Jupiter Lend (smart contract risk, oracle risk, market and liquidity risk, liquidation risk), plus considerations specific to the DEX layer:

* **Composition risk.** The token mix of your collateral or debt shifts with trading activity, as described above, comparable to impermanent loss in any AMM. On correlated pairs the impact is small, but it is not zero. Pairs with low trading volume also earn fewer fees.
* **Variable Trading APR.** Trading fee income depends on volume routed through the pool. It can decrease or stop, and it is not guaranteed.
* **Rate risk.** Supply APY and Borrow APY remain variable, as on all Jupiter Lend vaults. A sustained divergence can erode a position over time.
* **Additional contract surface.** Smart Vaults run AMM logic on top of the Liquidity Layer your funds already sit in, which increases the contract surface compared to a simple lending position. Standard positions carry no such exposure.
* **Liquidation risk.** Smart positions follow Jupiter Lend's liquidation rules, including the tick-based system. The debt-to-collateral ratio is evaluated on the aggregate USD value of both legs: a paired side is priced through its DEX share price, where each share represents the pool-ratio composition of the two tokens, quoted in the debt token. If the ratio reaches the Liquidation Threshold, part of your collateral is sold to restore the position.

<Warning>
  Never deposit or borrow more than you are willing to lose. Smart Vaults add a trading-fee flow on top of lending mechanics, but they do not remove any of the underlying risks.
</Warning>

## Fees

Smart Vaults use the same fee structure as [Borrow](/user-docs/earn/lend/borrow/introduction#fees). Trades routed through Jupiter AMM pay a trading fee to the pool they route through. A percentage of that fee, the revenue cut, goes to the protocol; the remainder accrues to the positions providing the liquidity. Pool parameters (trading fee, revenue cut, price ranges) are set per pool by the team multisig, and each pool's current values are displayed on the [Statistics page](/user-docs/earn/lend/statistics).

***

<Columns>
  <Card title="Using Smart Vaults: Step-by-Step Walkthrough" icon="book-open-cover" href="/user-docs/earn/lend/guides/using-smart-vaults">
    Navigate the Smart Vaults page, open smart vault and Smart Multiply positions, deposit into Smart Earn, and manage them.
  </Card>

  <Card title="Protocol Details" icon="book" href="/user-docs/earn/lend/protocol-details">
    Definitions of Trading APR, Smart Collateral, Smart Debt, and the other terms used across Jupiter Lend.
  </Card>
</Columns>


# Jupiter Lend Statistics
Source: https://docs.jup.ag/user-docs/earn/lend/statistics

A complete overview of activity across Jupiter Lend — real-time insights into asset flows, liquidity, vault positions, DEX pools, and protocol health.

The Statistics page offers a complete overview of activity across Jupiter Lend.

It provides real-time insights into asset flows, liquidity, vault positions, lending markets, and overall protocol health. This page is designed for transparency, showing exactly how capital moves through the protocol and how efficiently it is being used.

<Note>
  The Statistics page reflects the market currently selected in the Jupiter Lend interface. Switching markets with the toggle at the top left (Jupiter Lend, Ethena x Bitwise, or Sentora) updates all metrics on this page to that market's scope.
</Note>

## Page Overview

### Global Metrics

At the top of the Statistics page, the overview summarizes the global metrics:

* **Total Supply** — Total value of assets supplied across all Jupiter Lend markets (Borrow + Earn).
* **Total Available** — Total liquidity available to borrow.
* **Total Borrowed** — Total active debt across all vaults.

### Tabs Overview

Below the global stats, the page is divided into four main tabs: Liquidity, Borrow, DEX, and Earn.

Each tab displays aggregated metrics along with cards showing detailed data for each asset, vault pair, or DEX pool.

## 1. Liquidity Tab

The Liquidity tab shows how each individual asset is used within Jupiter Lend.

### Metrics shown on each asset card

* **TVL (Total Value Locked)** — Total supplied value minus active debt (net TVL).
* **Supplied** — The amount of the asset currently deposited by users.
* **Borrowed** — The amount being borrowed against that asset.
* **Supply APY / Borrow APY** — Real-time interest rates for suppliers and borrowers (switch to APR using the double arrows).
* **Reserves** — The amount of interest kept by the protocol to maintain safety margins.
* <Tooltip>Reserve Factor</Tooltip> — The percentage of interest directed to reserves.
* <Tooltip>Utilization</Tooltip> — The ratio of borrowed assets to total supplied assets. Higher utilization means more of the pool's liquidity is actively being used by borrowers, which typically results in higher APYs for lenders.
* **Collateral marker** — Tokens that are not enabled as collateral in any vault carry an info marker on their card: you can supply them to the Liquidity layer, but they cannot back a borrow position.

These metrics show where liquidity is concentrated and how actively each asset market is being used.

### All Stats — Detailed Per-Asset Analytics

Each asset card includes an "All Stats" button.

Clicking this button opens a detailed analytics view that contains all the metrics shown on the asset card, along with additional charts and historical data. This panel includes:

* Historical charts for Total Supplied, Supply APY, Total Borrowed, Borrow APY, and Utilization.
* Interest Rate curve showing how rates change based on utilization.

A time selector allows you to view 1 day, 7 days, 30 days, or 1 year.

This section provides deeper insight into how rates, utilization, and market conditions evolve.

## 2. Borrow Tab

The Borrow section provides a deeper look into positions created through Borrow and Multiply. It displays both global vault data and individual vault metrics.

### 1) Global Borrow Metrics

At the top of the page, aggregated data for all active markets:

* **Total Supply** — Total liquidity deposited across all vaults.
* **Total Borrow** — Total outstanding debt.
* **Total Positions** — Number of active Borrow and Multiply positions.

### 2) Vault Select

This selector allows you to filter by collateral or debt asset, making it easy to jump to the specific market you want to inspect. On the Borrow tab, a searchable **Vault** multi-select next to the Collateral and Debt pickers narrows the positions list to the vaults you tick; the selection is kept in the page URL, and the page shows an empty state rather than every position when the filters leave no vault.

### 3) Vault Cards (Market Overview)

Each vault is shown as an individual card displaying its key parameters:

* **TVL (Total Value Locked)** — Total supplied value minus active debt (net TVL).
* <Tooltip>LTV</Tooltip> — The maximum percentage of the collateral that can be borrowed against.
* <Tooltip>Liquidation Threshold (LT)</Tooltip> — The debt-to-collateral ratio at which a vault becomes eligible for partial liquidation.
* **Liquidation Penalty** — The fee applied during liquidation, varies by vault.
* <Tooltip>Liquidation Max Limit (LML)</Tooltip> — The ratio that triggers a full liquidation. The position exits the tick system and is liquidated to zero.
* **Total Positions** — The total number of active positions in this vault.

### Expanded Vault View (Detailed Metrics)

Clicking anywhere on a vault card expands it to reveal a deeper breakdown of the market.

The view is split into two panels: Supplied and Borrow.

#### Left Side — Supplied

This section shows all supply-side metrics for the vault:

* **Supplied Amount** — The total amount of this asset deposited into the protocol by all users.
* **Immediate Withdrawable** — The amount that can be withdrawn instantly, based on current vault liquidity and withdrawal limits.
* **Withdraw Limits (\$):**
  * **Withdraw Base Limit** — The minimum level the withdrawal ceiling can contract to. Further expansion happens from this base.
  * **Withdraw Current Limit** — The active withdrawal ceiling. If it is \$0, 100% of users can withdraw.
  * **Withdrawable** — The amount in \$ that can be withdrawn instantly, based on vault liquidity and withdrawal limits.
  * **Withdraw Expand Percent** — The rate at which limits increase or decrease over the given duration.
  * **Withdraw Expand Duration** — The time window for which the limits expand at the given rate.
  * **Withdrawal Gap** — Safety non-withdrawable amount reserved to guarantee liquidations.

#### Right Side — Borrow

This section details the borrowing side of the vault:

* **Borrow Amount** — The total amount of this asset currently borrowed across the protocol.
* **Immediate Borrowable** — The amount available to be borrowed instantly, based on current liquidity and borrowing limits.
* **Borrow Limits (\$):**
  * **Borrow Base Limit** — The minimum available borrowing amount for a vault. Further expansion happens from this base.
  * **Borrow Current Limit** — The active borrowing ceiling.
  * **Borrow Expand Percent** — The rate at which limits increase or decrease over the given duration.
  * **Borrow Expand Duration** — The time window for which the limits expand at that rate.
  * **Borrowable** — The lesser of: (current limit minus current borrow), (borrowable max utilization minus current borrow), or (available balance).
  * **Borrow Max Limit** — The maximum ceiling above which it is not possible to borrow.
  * **Borrowable Max Utilization** — Total borrow limit for the maximum allowed utilization.

## 3. DEX Tab

The DEX tab tracks the pools of Jupiter AMM, the trading layer behind [Smart Vaults](/user-docs/earn/lend/smart-vaults). Each pool backs the smart side of one or more vaults: its liquidity comes from Smart Collateral and Smart Debt positions, and its trading fees flow back to them as Trading APR.

### 1) Global DEX Metrics

At the top of the tab, aggregated figures for all DEX pools:

* **Total Supply** — Total value supplied to DEX pools.
* **Total Borrow** — Total debt routed through DEX pools.
* **7D Fee** — Trading fees generated across all pools over the last 7 days.
* **7D Volume** — Trading volume routed through the pools over the last 7 days.
* **7D Trades** — Number of trades executed over the last 7 days.

### 2) Pool Cards

Each DEX pool (for example a stablecoin pair or an LST/SOL pair) appears as a card showing:

| Field | Meaning |
| - | - |
| Total effective reserves | Combined USD value of the pool's reserves backing trading. |
| 7D volume / 7D fees | Volume routed through this pool and fees it generated, over the last 7 days. |
| Trading Fees | The fee charged on swaps routing through this pool. Set per pool. |
| Revenue cut | The percentage of trading fees that goes to the protocol. The remainder accrues to the positions providing the liquidity. |

Badges on each card indicate whether the pool backs **Smart Collateral**, **Smart Debt**, or both.

### 3) Expanded Pool View

Expanding a card reveals the pool's internals:

| Field | Meaning |
| - | - |
| Per-leg reserves | The amount of each token currently held by the pool. |
| Pool Price | The current price of the pair inside the pool. |
| Center price | The price the pool concentrates its liquidity around. |
| Center Min / Max price | The bounds within which the center price is allowed to move. |
| Lower / Upper Range | The concentration range around the center price, shown with its percentage width. |
| Lower / Upper bound price | The absolute prices at the edges of the current range. |
| Shift time (t) | The duration of a range shift while the pool rebalances. Shown as Inactive when no shift is in progress. |

For definitions of these terms, see [Protocol Details](/user-docs/earn/lend/protocol-details#smart-vaults-and-dex).

## 4. Earn Tab

The Earn tab tracks all lending pools within Jupiter Lend.

### 1) Global Metrics

At the top of the page, two values summarize activity across all pools:

* **Total Earn Deposits** — Total amount deposited in Earn.
* **Total Earned** — Yield accumulated across all Earn positions.

### 2) Vault Cards

Each token appears as a card showing:

* **TVL** — Total liquidity in the pool.
* **Current APY** — Real-time annual rate paid to lenders.
* **Withdrawable** — Amount that can be withdrawn instantly.

### 3) Expanded View

Clicking a card expands it and displays additional parameters:

* **Withdraw Base Limit** — The minimum level for the withdrawal ceiling. Further expansion happens from this base.
* **Withdraw Current Limit** — The active withdrawal ceiling. If it is \$0, 100% of users can withdraw.
* **Withdraw Expand Percentage** — The rate at which limits increase or decrease over the given duration.
* **Withdraw Expand Duration** — The time window for which the limits expand at the given rate.
* **Withdrawable** — The lesser of: (supply minus withdrawal gap minus current limit) or (available balance).

## Why It Matters

The Statistics page acts as a transparent window into Jupiter Lend's on-chain activity.

It helps users monitor liquidity conditions across assets, borrowing and lending trends, vault performance and protocol utilization, and the overall economic state of the system.

By centralizing this data, the Statistics dashboard allows anyone to assess Jupiter Lend's activity and efficiency in real time.


# Strategies
Source: https://docs.jup.ag/user-docs/earn/lend/strategies

One-click max-leverage positions on pegged vaults within Jupiter Lend

## What are Strategies

Strategies are pre-built, max-leverage positions on <Tooltip>pegged vaults</Tooltip> within Jupiter Lend. They allow you to enter an automated looping position in a single click, without manually configuring leverage, collateral, or debt parameters.

Each strategy uses a pegged vault where the collateral and debt assets are correlated (e.g., JupSOL/SOL, INF/SOL). Because these vaults use on-chain redemption rates as their oracle price rather than market prices, market price fluctuations do not directly cause liquidations. For a definition of pegged vaults and other key terms, see [Protocol Details](/user-docs/earn/lend/protocol-details).

Strategies are built on top of [Multiply](/user-docs/earn/lend/multiply). They follow the same mechanics, the same liquidation rules, and the same fee structure. The difference is that Strategies automate the setup at maximum leverage: you deposit, the protocol handles the rest.

<Note>
  **Strategies vs Multiply** — Multiply lets you choose any leverage level on any supported vault. Strategies apply maximum leverage automatically on a curated set of pegged vaults. If you want flexibility on leverage or vault selection, use Multiply. If you want a one-click max-leverage position on a pre-vetted pair, use Strategies.
</Note>

<Warning>
  Strategies are pre-built templates that apply maximum leverage. You should understand the risks of each strategy before entering a position.
</Warning>

## How it works

<AccordionGroup>
  <Accordion title="Depositing">
    When you deposit into a strategy, two transactions are required:

    1. **Create Position** — creates your position account on-chain (including the Position NFT).
    2. **Apply Leverage** — deposits your collateral, borrows the debt asset, swaps it back into the collateral asset, and redeposits it. This loop repeats until max leverage is reached.

    Both transactions happen back to back. If you already have an existing position in that strategy, only one transaction is needed to add more collateral.

    <Note>
      Each position is represented by a Position NFT sent to your wallet. Do not burn this NFT while the position is open. It is required to manage and withdraw your funds.
    </Note>
  </Accordion>

  <Accordion title="Withdrawing">
    Withdrawing fully unwinds your position in a single transaction. The system swaps your collateral to repay all outstanding debt via a flashloan, then returns the remaining assets to your wallet.

    Partial withdrawals are not supported for Strategies. You always withdraw 100% of your position.
  </Accordion>

  <Accordion title="APY">
    The APY displayed on each strategy is calculated based on the difference between the Supply APY (what your collateral earns) and the Borrow APY (what you pay on the debt), multiplied by the leverage.

    This APY fluctuates in real time based on supply and demand in the underlying lending pools. It is not fixed.

    The APY shown applies to your net value (total collateral minus total debt), not to your total position. With high leverage, your net value is a small fraction of the total position.
  </Accordion>

  <Accordion title="Capacity">
    Each strategy has a capacity limit: the borrow headroom available in the strategy's underlying vault. Because every deposit is looped at maximum leverage, this effectively caps the total amount that can be deposited across all users.

    The capacity status is shown on each strategy card:

    * **Available** — deposits are open.
    * **Filling fast** — capacity is running low.
    * **Filled** — no new deposits can be made until existing positions are closed or the ceiling is raised.
  </Accordion>
</AccordionGroup>

## Available Strategies

All current strategies use pegged vaults with correlated asset pairs. Each strategy's risk level and yield source depend on the underlying assets.

| Strategy | Collateral / Debt | Market | Risk | Yield source |
| - | - | - | - | - |
| JupSOL Loop | JupSOL / SOL | Jupiter | Low | SOL staking rewards |
| INF Loop | INF / SOL | Jupiter | Low | LST basket yield + swap fees |
| SyrupUSDC Loop | syrupUSDC / USDC | Jupiter | Medium | Overcollateralized institutional loans |
| LBTC Loop | LBTC / cbBTC | Jupiter | Medium | Babylon network staking rewards |

<Note>
  The **JUICED Loops** (USDC and USDT) are winding down: new deposits are closed and the loops end at the end of September 2026. If you hold a JUICED Loop position, the app shows a wind-down notice with an unwind link; borrowing, withdrawing, repaying, and deleveraging stay available until then.
</Note>

<Note>
  The **USDe Loop** (USDe / USDG, [Bitwise x Ethena Market](/user-docs/earn/lend/markets#bitwise-x-ethena-market)) is closed to new deposits and its market is winding down: positions must be unwound before a due date to be announced. Do not close a large position with a single-transaction withdrawal, which swaps the collateral on DEXs in one go. Follow the [migration guide](/user-docs/earn/lend/sentora-migration) to unwind gradually or to move the loop to the Sentora Market.
</Note>

<AccordionGroup>
  <Accordion title="JupSOL Loop — Low Risk">
    Assets are correlated and the blockchain-maintained redemption rate is used as oracle. There is no market price risk. The main risk is that SOL borrow rates spike for a sustained period of time.
  </Accordion>

  <Accordion title="INF Loop — Low Risk">
    Assets are correlated. INF holds a basket of LSTs and enhances their yield via swap fees between them. There is no market price risk. The main risk is that SOL borrow rates spike for a sustained period of time.
  </Accordion>

  <Accordion title="SyrupUSDC Loop — Medium Risk">
    Assets are correlated. syrupUSDC is backed by overcollateralized loans issued via institutional grade custodians. The main risks are that syrupUSDC depegs or borrow rates spike for a sustained period of time.
  </Accordion>

  <Accordion title="LBTC Loop — Medium Risk">
    Assets are correlated. LBTC yield is generated via staking rewards on Babylon network. The main risks are that slashing occurs to LBTC's underlying or cbBTC borrow rates spike for a sustained period of time.
  </Accordion>
</AccordionGroup>

## Risks

Strategies use max leverage on pegged vaults. While pegged vaults significantly reduce market price risk compared to standard Multiply positions, they do not eliminate all risk. **Maximum leverage means your safety margin is reduced by design**: your debt-to-collateral ratio sits close to the Liquidation Threshold from the moment the position is opened, so smaller adverse movements in rates or asset value can push the position toward liquidation faster than at lower leverage.

**Max leverage risk** — The higher the leverage, the smaller the buffer between your current ratio and the Liquidation Threshold. At max leverage, even small changes in Borrow APY, Supply APY, or asset behavior have an outsized impact on your <Tooltip>Position Health</Tooltip>. Strategies are designed for users who understand this trade-off.

**Rate risk** — Borrow rates are variable. If the Borrow APY exceeds the Supply APY for a sustained period, your position loses value over time. At max leverage, this effect is amplified, and the Position Health deteriorates faster than at lower leverage.

**Depeg risk** — For most strategies (JupSOL, INF), the oracle uses on-chain redemption rates, so a market depeg does not affect your position. However, for strategies backed by external mechanisms (syrupUSDC, LBTC), a depeg of the collateral asset or a failure in its underlying could impact your position.

**Liquidation** — If your debt-to-collateral ratio reaches the <Tooltip>Liquidation Threshold</Tooltip>, part of your collateral is automatically sold to repay the debt. Liquidation penalties vary by vault and apply only to the liquidated portion. For pegged vaults, liquidation is primarily driven by rate divergence over time, not sudden price drops.

**Smart contract risk** — Strategies use the same Jupiter Lend smart contracts as Borrow and Multiply. All contracts have been audited, but no protocol is completely risk-free.

<Card title="Liquidation Calculator" icon="calculator" href="/user-docs/earn/lend/calculator">
  Before entering a Strategy, simulate how borrow rate changes affect your position at max leverage over time. The Liquidation Calculator estimates how long it would take for a position to reach liquidation under different rate scenarios.
</Card>

## Fees

Strategies use the same fee structure as [Borrow](/user-docs/earn/lend/borrow/introduction#fees) and [Multiply](/user-docs/earn/lend/multiply). There are no additional fees for using Strategies.

<Note>
  Borrowing interest accrues on the total leveraged debt, not just your initial deposit. Each deposit and withdrawal involves swaps, which carry standard network and swap fees.
</Note>

***

<Card title="Using Strategies: Step-by-Step Walkthrough" icon="compass" href="/user-docs/earn/lend/guides/using-strategies">
  Learn how to enter, manage, and exit a Strategy position.
</Card>


# Supported Assets
Source: https://docs.jup.ag/user-docs/earn/lend/supported-assets

Every asset you can supply, borrow, or use as collateral on Jupiter Lend, with the vault types, debt assets, and pricing method for each one.

This page lists the assets available on Jupiter Lend's [Jupiter Market](/user-docs/earn/lend/markets#jupiter-market) and how each one can be used. Vault parameters (LTV, Liquidation Threshold, Liquidation Penalty, caps, and rates) change over time and vary by debt asset, so they are not repeated here: read them on the vault page or on the [Statistics page](https://jup.ag/lend/statistics), and see [Protocol Details](/user-docs/earn/lend/protocol-details) for what each one means. New assets are added regularly; the app is the reference when the two differ.

## Earn

You can supply these single assets to the lending pools and receive the matching JL Token: **USDC**, **USDT**, **USDG**, **USDS**, **EURC**, **SOL**, and **JupUSD** (whose JL Token is [JUICED](/user-docs/earn/lend/borrow/juiced)). Supplying a token pair is a different product, [Smart Earn](/user-docs/earn/lend/smart-vaults#smart-earn).

## Collateral assets

Each collateral asset has one vault per debt asset. **Multiply** means at least one of its vaults supports a looped position; **Strategy** means a one-click maximum-leverage loop exists on the [Strategies](/user-docs/earn/lend/strategies) page. **Pegged** vaults pair correlated assets and are priced on an exchange rate rather than a spot price, so the borrow rate, not the market, drives their liquidation risk; the [Liquidation Calculator](/user-docs/earn/lend/calculator) covers them.

### SOL and liquid staking tokens

| Collateral | Debt assets | Multiply | Strategy | Pegged | Pricing |
| - | - | - | - | - | - |
| SOL | USDC, USDT, USDG, USDS, EURC, JupUSD, cbBTC, xBTC | Yes | No | No | Chainlink, Pyth |
| JupSOL | SOL, USDC, USDT, USDG, USDS, EURC, JupUSD | Yes | Yes | Yes | Stake pool rate |
| JitoSOL | SOL, USDC, USDG, USDS, EURC | Yes | No | Yes | Stake pool rate |
| INF | SOL, USDC | Yes | Yes | Yes | Pyth redemption rate |
| mSOL | SOL, USDC, USDG | Yes | No | Yes | Marinade pool rate |
| dfdvSOL | SOL, USDC | Yes | No | Yes | Stake pool rate |
| fwdSOL | SOL | Yes | No | Yes | Stake pool rate |
| japanSOL | SOL | Yes | No | Yes | Stake pool rate |

Natively staked SOL is also accepted through the [Native Staked Vaults](/user-docs/earn/lend/borrow/native-staked-vaults) (nsJUPITER, nsHELIUS, nsNANSEN, nsDAWN, nsP2P, one vault per validator, SOL debt only, no Multiply).

### Yield-bearing dollars

These tokens appreciate against the dollar as their yield accrues, so their vaults are pegged. Their risk comes from the mechanism that produces the yield, and from how you exit the token.

| Collateral | Debt assets | Multiply | Strategy | Pricing |
| - | - | - | - | - |
| syrupUSDC | USDC, USDT, USDG, USDS, JupUSD | Yes | Yes | Pyth redemption rate |
| JUICED | USDC, USDT, USDG | Yes | Winding down | Jupiter Lend exchange rate |
| PST | USDC, JupUSD | No | No | Pool rate |
| sUSDai | USDC, JupUSD | USDC only | No | Chainlink redemption rate |

* **syrupUSDC** (Maple) is backed by overcollateralised institutional loans. See the [Strategies](/user-docs/earn/lend/strategies) page for its loop.
* **JUICED** is Jupiter Lend's own JL Token for JupUSD; see its [dedicated page](/user-docs/earn/lend/borrow/juiced).
* **sUSDai** is the staked version of USDai, a synthetic dollar from the [USD.AI protocol](https://docs.usd.ai/) collateralised by PYUSD. Its yield comes from loans to GPU infrastructure operators and from Treasury bills, so it carries the credit risk of that loan book. The Solana token is bridged from Arbitrum through LayerZero: you get it by swapping on Jupiter or bridging it in, and there is no staking or unstaking on Solana, redemptions run on the protocol's own queue. Your sUSDai keeps earning while it is collateral; the Supply APY shown on its vaults is that native yield, not lending interest. The vaults price sUSDai with a Chainlink feed that publishes its redemption rate about every 8 minutes and is treated as stale after 11 minutes, so the swap price on Solana does not drive liquidations. The sUSDai / USDC vault currently has a [borrow discount](/user-docs/earn/lend/earn#borrow-discounts-and-negative-rates), the JupUSD one does not. A third vault, sUSDai-USDC / USDC, is a [Smart Collateral](/user-docs/earn/lend/smart-vaults) vault, see below.

### Bitcoin assets

| Collateral | Debt assets | Multiply | Strategy | Pricing |
| - | - | - | - | - |
| cbBTC | USDC, USDT, USDG, USDS, EURC, SOL | Yes | No | Chainlink |
| WBTC | USDC, USDG, USDS, EURC, SOL | Yes | No | Chainlink |
| xBTC | USDC, USDG, USDS, EURC, SOL | No | No | Chainlink |
| LBTC | cbBTC, USDC, USDG, JupUSD | Yes | Yes | Chainlink |

LBTC / cbBTC is the one pegged pair here, with its loop on the Strategies page. The other BTC vaults are priced on the market and liquidate on price moves like any standard vault.

### Jupiter assets

| Collateral | Debt assets | Multiply | Strategy | Pricing |
| - | - | - | - | - |
| JLP | USDC, USDT, USDG, USDS, SOL, JupUSD | Yes | No | Chainlink |
| JUP | USDC, USDT | No | No | Chainlink |

For JLP, see also [JLP Loans versus Jupiter Lend](/user-docs/earn/lend/faq#borrow).

### Tokenised stocks

SPYx, QQQx, TSLAx, and NVDAx can be supplied against USDC or JupUSD, with Multiply against USDC. They are priced by Chainlink Data Streams and have their own [xStocks page](/user-docs/earn/lend/borrow/xstocks).

## Smart Vaults

[Smart Vaults](/user-docs/earn/lend/smart-vaults) use a token pair, serving as Jupiter AMM liquidity, on the collateral side or on the debt side. They are listed on the [Smart Vaults page](https://jup.ag/lend/borrow/smart) rather than in the standard vault list.

| Vault | Smart side | Debt |
| - | - | - |
| sUSDai-USDC / USDC | Collateral | USDC |
| syrupUSDC-USDC / USDC | Collateral | USDC |
| USDG-USDC / USDC | Collateral | USDC |
| JupUSD-reUSD / JupUSD | Collateral | JupUSD |
| PST-USDC / JupUSD | Collateral | JupUSD |
| SOL-JitoSOL / SOL | Collateral | SOL |
| PST / JupUSD-USDC | Debt | JupUSD-USDC |
| PST / USDC-USDT | Debt | USDC-USDT |

Smart Earn, the supply-only product on the same page, currently offers the USX / USDC pair.


# Affiliate & Referrals
Source: https://docs.jup.ag/user-docs/earn/offerbook/affiliate-and-referrals

How the Offerbook referral program works, vanity slugs, share URLs, and claiming rewards

Offerbook has a built-in referral program that lets users share protocol fees. When someone you refer interacts with Offerbook, a portion of the platform fee is redirected back to you (the referrer) and partially refunded to the referred user.

This page covers the user-facing affiliate experience: how to create your referral link, customize it with a vanity slug, share it, and claim your earned rewards. Referral rewards are a share of the protocol fees charged at each loan stage; the fee schedule itself is in [Fees & Costs](/user-docs/earn/offerbook/fees-and-costs).

<Note>
  The referral program applies at every stage where a fee is charged: loan start (25% fee paid by the borrower), repayment (10% fee paid by the lender), and collateral transfer (0.1% fee paid by the lender).
</Note>

***

## How It Works

<AccordionGroup>
  <Accordion title="Default fee split">
    Each protocol fee is split between three parties:

    | Recipient | Share |
    | - | - |
    | **Referred user** (rebate) | 20% of the fee |
    | **Referrer** | 30% of the fee |
    | **Protocol** | 50% of the fee |

    The 20% rebate is always credited to whoever is paying the fee at that stage, and the 30% share goes to that user's referrer: the borrower (and their referrer) at loan start, the lender (and their referrer) at repayment and collateral transfer.
  </Accordion>

  <Accordion title="How referrals apply across a loan">
    Each stage is independent: only the referral relationship of the user paying the fee at that stage applies.

    | Stage | Who pays the fee | Rebate (20%) and referrer share (30%) follow |
    | - | - | - |
    | Loan start (25% fee) | Borrower | The borrower and their referrer |
    | Repayment (10% fee) | Lender | The lender and their referrer |
    | Collateral transfer (0.1% fee) | Lender | The lender and their referrer |

    **Example:** a lender (referred) is repaid on a loan, and the protocol charges \$10 in fees at repayment: the lender receives a \$2 rebate, the lender's referrer earns \$3, and the protocol retains \$5.
  </Accordion>

  <Accordion title="When does the referral take effect?">
    A referral is applied when a referred user opens Offerbook through your share link and accepts the referral. Once accepted, the referral persists for all future fee-generating actions of that user.

    If a saved referral code is no longer valid (for example, if the referrer changed their vanity slug — see [Vanity Slugs](#vanity-slugs)), it is cleared automatically. Users are not blocked from using Offerbook in the meantime.
  </Accordion>
</AccordionGroup>

***

## Your Affiliate Page

The **Affiliate** page, the Affiliate tab of your Dashboard (also reachable at [offerbook.jup.ag/affiliate](https://offerbook.jup.ag/affiliate)), shows your referral activity and lets you customize your share link.

The page surfaces:

* Your **Referral Link** card: the share URL (with vanity slug if set, or a UUID fallback), a QR code, and a **Copy Link** button
* Your **Referral Stats**: total referrals and total earnings
* **Recent Earnings**: each reward with its token, amount, source user, type (Borrower or Lender), date and transaction link
* **People Referred**: each referred user with their volume, loans, offers, activity, join date and a link to their profile

***

## Vanity Slugs

By default, your share URL uses a UUID code that is unique but not memorable. You can replace it with a vanity slug — a custom, readable identifier — that you control.

<AccordionGroup>
  <Accordion title="Validation rules">
    Vanity slug validation accepts:

    * Letters (uppercase and lowercase)
    * Digits
    * Underscores (`_`)
    * Hyphens (`-`)

    Slugs must be unique across all Offerbook users.
  </Accordion>

  <Accordion title="Setting or changing your slug">
    Go to your Affiliate page and edit the slug field. Once saved, your share URL is updated to use the new slug.

    <Warning>
      Changing your slug invalidates the previous one. Anyone who saved the old link will no longer be attributed to you when they open it, and the old slug may be claimed by another user.
    </Warning>
  </Accordion>

  <Accordion title="Fallback to UUID">
    If you have not set a vanity slug, your share URL uses a UUID code automatically. The UUID still works, but is harder to share verbally or print.
  </Accordion>
</AccordionGroup>

<Note>
  Sharing a referral link does not disclose anything about you: the URL carries only your UUID code, or the vanity slug you chose. A vanity slug is yours to pick, so choosing a recognisable one identifies you by design. Separately, Offerbook activity is recorded onchain and stays publicly visible there, independently of your referral link.
</Note>

***

## Sharing Your Link

Your share URL is shown on your Affiliate page. Send it through any channel you prefer (social media, direct message, etc.). Anyone who opens Offerbook through your link gets your referral applied.

***

## Claiming Rewards

Referral earnings accumulate in the rewards claim table on your Affiliate page. Each row shows an unclaimed reward; you can claim them individually or in batches depending on the interface.

Claiming is a standard onchain transaction signed from your wallet. There is no minimum claim threshold at the protocol level, but Solana transaction fees still apply.

<Note>
  Referral rewards are paid in the same asset as the fee they originated from (USDC for loan start and repayment fees; collateral asset for collateral transfer fees).
</Note>

***

## FAQ

<AccordionGroup>
  <Accordion title="Can I change my vanity slug after sharing it?">
    Yes, but doing so breaks the previous link. Anyone who opens the old link after the change is no longer attributed to you, and the old slug may be claimed by someone else. Pick a slug you intend to keep.
  </Accordion>

  <Accordion title="Are referral rewards taxable?">
    Treatment of crypto referral rewards varies by jurisdiction. Offerbook does not provide tax advice. Consult a qualified tax professional in your country.
  </Accordion>
</AccordionGroup>


# Borrowing
Source: https://docs.jup.ag/user-docs/earn/offerbook/borrowing

Borrow USDC against your assets on Offerbook, from asking for a loan to repayment

Borrowing on Offerbook is fixed and predictable: you lock collateral, receive USD Coin (USDC), and repay the principal + interest to unlock it. The rate and the duration are agreed when the loan starts and never change, there are no price-based liquidations, and loans run from 1 to 30 days.

You can borrow against tokens or collectibles; what each market accepts is covered in [Markets](/user-docs/earn/offerbook/markets).

## How to start a loan

Everything starts from the Borrow view in the header. There are three paths to a loan as a borrower:

* Fill an open lend offer for instant terms set by the lender
* Create your own borrow offer, from **Create your own offer** in the Borrow list or **Create Offer > Borrow** in the header, and wait for a lender to fill it
* Send a counter offer on an open lend offer whose terms are close but not quite right. See [Counter Offers](/user-docs/earn/offerbook/counter-offers)

You can also advertise the terms you want through an [intent](/user-docs/earn/offerbook/intents), which is free, off-chain and locks nothing. To browse every offer and intent on one screen instead, use the [Pro](/user-docs/earn/offerbook/pro) view.

## The Borrow view

The Borrow page opens on the **Borrow** tab. **Leverage**, next to it, opens a leveraged long on any collateral: pick the **Asset to long** (leveraged with USDC), set **Your deposit** and the term, and take one of the offers, sorted by highest leverage. See [Multiply](/user-docs/earn/offerbook/multiply). A banner at the top of the page lets you switch to the classic experience at any time.

The Borrow tab is one card that follows your request:

* **Borrow against:** **Choose collateral** opens a searchable selector with category tabs (All, Collectibles, Bridged, DeFi, LSTs, Memecoins, RWA, Stablecoins). Pick a single asset, several at once (up to 10, with **Select all**), or a collectible collection; the offer list then covers them all.
* **Amount to borrow:** the USDC amount you want.
* **Term:** 7d, 14d or 30d, or **+** for a custom term.

Below, the card ranks every lender's offer for that request, with the number of offers and a sort menu: **Best rate**, **Lowest cost** or **Least collateral**. Each row is labelled by its **lender** — username or shortened address — with what the offer asks you to lock and its LTV ("Lock 544.75 ONyc · 80% LTV"), the amount, the APR, the duration and the total cost. Lenders whose escrow cannot cover your full amount come after the others, with what they can fund ("Draws 190 max, 310 short"). A **↻** marker next to the duration means loans from that offer can be extended (see [Loan Extensions](/user-docs/earn/offerbook/extensions)).

**Show terms** expands a row into the full breakdown: the rate, the LTV, what you lock and what you receive, the interest, the platform fee, the estimated network fees and rent, the repay-by date and the **Total to repay**. A line at the bottom of the card sums up the selected offer ("Repay 503.6 USDC on Oct 29 · 544.75 ONyc locked until then") above the **Borrow** button.

### Posting your own ask from the Borrow page

Among the offers, **Create your own offer** shows the rate that would put you below every lender, and opens a composer on the same card ("Your ask · 500 USDC · 14 days"):

* **Rate · all-in:** set it with the − and + buttons; an indicator places it against the market ("Won't fill · well off the market as it stands"). Rates are all-in: the protocol stores the offer rate and adds the 25% fee back on top.
* **More options:** **Partial fills** with a minimum fill (25% of the amount by default), **Allow extensions**, and the expiration (1d, 3d or 7d).
* The interest over the term, the repayment amount and its date are shown before you publish.
* **post free instead** advertises the same terms as an [intent](/user-docs/earn/offerbook/intents): nothing locked, a signature only.

For the full creation flow, with pricing presets and the fill score, use **Create Offer > Borrow** in the header, described in [Creating a borrow offer](#creating-a-borrow-offer).

## Filling a lend offer

When you accept a lend offer, the loan starts immediately and the loan duration begins. Your collateral transits through the escrow and is locked onchain automatically, in a single transaction, and the USDC is transferred to you. If the offer allows partial fill, you can accept any amount at or above its Minimum Fill Amount; otherwise the offer must be filled in full.

Before you confirm, **Show terms** spells out exactly what will happen: the collateral you lock, the USDC you receive, the rate and LTV, and the full cost breakdown — interest, the 25% platform fee, estimated network fees and rent — down to the **Total to repay** and its due date. The lender is shown by username when they have set one. At this stage, you can add the loan's maturity date to your calendar using the calendar button provided in the interface. Calendar reminders fire 2 hours before maturity.

<Danger>
  After maturity, the lender can manually claim the collateral at any time. The transfer is not automatic, but you cannot rely on any delay. Repayment timing is entirely your responsibility.
</Danger>

## Creating a borrow offer

**Create Offer > Borrow**, in the header, opens the **Ask for a Loan** page, a creation flow in three steps: **Collateral**, **Terms**, and **Publish**. The Dashboard's Offers tab links to the same page with the Borrowing side already picked.

<Steps>
  <Step title="Collateral">
    Define what you lock and what you borrow:

    * **You lock:** the collateral asset and amount, capped by your wallet balance (Max shortcut available). Collateral can be a verified token, a real-world asset (RWA) such as xStocks, or a non-fungible token (NFT) from a whitelisted collection; for NFT collateral, the LTV reference is the collection floor price
    * **You borrow:** the USDC amount, at least \$10 per loan, linked to the **LTV (Loan-to-Value)** slider: changing one updates the other. As you move the slider, an indicator estimates how attractive the terms are to lenders (for example, "Good chance to fill, reasonable collateral ratio")
    * **Quick Pricing · LTV:** presets to position your LTV: **Recommended**, **Match best**, and **Beat market**, computed against competing offers when they exist
  </Step>

  <Step title="Terms">
    Set the price and the duration:

    * **APR (Annual Percentage Rate):** the rate is displayed all-in, including the fee (offer APR × 1.25, pricing in the 25% upfront fee), and compared to the market median (for example, "-2.5 vs median 22.5%"). The breakdown is shown underneath: on a 20% all-in APR, "Lender keeps 16% · 4% protocol fee". See [Fees and Costs](/user-docs/earn/offerbook/fees-and-costs)
    * **Quick Pricing · APR:** the same preset system as for LTV (Recommended, Match best, Beat market)
    * **Duration:** 1 to 30 days, with presets (7d, 14d, 30d) and a fine-grained day stepper
    * **What you'll pay:** the interest over the duration and the exact repayment amount at maturity are displayed before you continue
    * **VS. MARKET:** a fill score out of 100 positions your offer against live competition on a gauge from "Won't fill" to "Fills fast", with a plain-language verdict (for example, "Below market, 43/100 — softer than the median, it may sit for a while") and your LTV compared to the market median. **Browse all offers** opens the competing offers
  </Step>

  <Step title="Publish">
    The Publish step offers two ways to put your terms on the market:

    * **Lock & list now** creates the onchain borrow offer: your collateral is escrowed (the app deposits it from your wallet automatically) and the offer is listed, fillable instantly by any lender. It requires the collateral plus a little SOL for network fees and rent. See [Settings & Notifications](/user-docs/earn/offerbook/settings-and-notifications)
    * **Just advertise terms** posts an [intent](/user-docs/earn/offerbook/intents) instead: a free signature, no SOL spent, nothing locked, and the collateral stays in your wallet. Lenders come to you, but the intent cannot be filled until you lock it as an offer. Your wallet must hold the advertised collateral to post it, so that advertised terms stay backed by a real balance

    The step also carries the fill settings and the expiration:

    * **Allow partial fills:** let lenders fill part of the offer instead of all of it — more likely to fill. **Minimum fill** sets the smallest amount a lender can take in a single fill (leave it blank for the recommended minimum)
    * **Expiration** (under Advanced options): how long the offer stays live and fillable — it lapses automatically after this, and nothing is locked in beyond it. 1 to 7 days for a locked offer, up to 90 days when only advertising terms as an intent
  </Step>
</Steps>

An offer's expiration determines how long it stays open to be filled: 1 to 7 days, set at creation (the Create Offer flow offers 1, 3 and 7-day presets). The longer an offer stays open, the longer your terms stay fillable even if the collateral price or market rates move against you — cancel and relist if the market has moved; expired offers can be renewed in one click.

Published offers cannot be edited. You can cancel an offer at any time before it is accepted, at no fee. Once an offer expires, you can renew it directly from **Dashboard > Offers**, with the option to adjust the LTV, instead of recreating it from scratch. If nobody fills your offer before it expires, no loan is created and you owe nothing.

Counterparties can also send [counter offers](/user-docs/earn/offerbook/counter-offers) on your offer, proposing a different LTV, rate (APY), duration or amount. They appear beneath your offer in Dashboard, an activity dot shows on the Dashboard link, and you can accept one (the loan starts immediately at the counter terms) or ignore them.

## Borrowing costs

<CardGroup>
  <Card title="Upfront fee" icon="receipt">
    25% of the estimated interest, paid in USDC when the loan starts.
  </Card>

  <Card title="Interest" icon="percent">
    The full interest for the agreed duration is always owed, regardless
    of when you repay.
  </Card>
</CardGroup>

<Tip>
  The interface prices the fee directly into the displayed rate: the APR
  shown in the creation flow and in offer listings is all-in, combining the
  offer rate and the fee (an offer at 8% APR displays as 10% all-in). The
  full schedule is in [Fees and Costs](/user-docs/earn/offerbook/fees-and-costs).
</Tip>

Network fees and account rent also apply to the onchain transactions
involved. Rent is a deposit, not a fee: part of it returns when the related
accounts close.

## Your Escrow

<Info>
  Every Offerbook user has a dedicated escrow wallet, but as a borrower you
  never manage it. Your collateral transits through it automatically in a
  single transaction when you create or accept an offer, and returns
  directly to your main wallet when you repay.
</Info>

## Your Dashboard

Everything you do as a borrower lives under **Dashboard**, with the **Borrowing** side selected. A **Status** filter and a **Columns** menu narrow the tables.

* **Positions** — your open loans, with your net equity, position value, debt, open PnL and net APY at the top. Loans are split into two groups: **Looped** positions, the leveraged ones created with [Multiply](/user-docs/earn/offerbook/multiply), where PnL applies, and **Standard** loans, plain borrowing against collateral, without PnL. Each loan follows the statuses Active, Repaid, Expired and Defaulted.
* **Offers** — your open borrow offers. Cancel them before they are filled, or renew them once expired.

Select several offers or loans to cancel, renew or extend them together, in fewer wallet prompts, with the result shown row by row.

## Repayment

Repay from **Dashboard > Positions**, using the action button on the right of the loan's row. If the loan is extendable, the row leads with **Extend** instead and Repay moves into the row menu — extending rolls the loan into a fresh period on the same terms rather than closing it (see [Loan Extensions](/user-docs/earn/offerbook/extensions)). You sign a transaction that returns the principal plus interest to the lender and unlocks your collateral.

<CardGroup>
  <Card title="You repay" icon="circle-check">
    Any time before maturity — or even after, as long as the lender has not
    claimed. The collateral returns directly to your wallet. Early repayment
    does not reduce the cost: the full interest is owed whenever you repay.
  </Card>

  <Card title="You do not repay" icon="triangle-exclamation">
    Past maturity, the lender can claim your collateral by signing a
    transaction. This is not a liquidation: no market sale, the collateral
    is transferred directly to the lender and the loan is marked Defaulted.
    You keep the borrowed USDC, but the collateral is gone.
  </Card>
</CardGroup>

<Warning>
  The lender can claim at any moment after maturity. **Never rely on the
  post-maturity window** — always plan to repay before the loan reaches
  maturity.
</Warning>

## Examples

### Accessing liquidity against a held asset

A user holds a tokenized onchain asset valued at approximately \$10,000, with limited onchain liquidity. Rather than selling the asset, they want to access USDC liquidity for a short period.

They create a borrow offer with the following terms:

| Parameter | Value |
| - | - |
| **Collateral** | Onchain asset valued at \~\$10,000 |
| **Borrowed asset** | 8,000 USDC |
| **LTV** | 80% |
| **Loan duration** | 3 days |
| **Fixed APR** | 35% |

A lender accepts the offer. Once the loan starts, the collateral is locked for 3 days, and the borrower receives 8,000 USDC. During the loan, no price-based liquidation can occur, regardless of market price movements.

#### If the borrower repays

At maturity, the borrower repays the borrowed amount plus interest:

| Item | Amount |
| - | - |
| Interest paid | \~\$23 for the 3-day loan |
| Fee at loan start (25% of estimated interest, paid by borrower) | \~\$5.75 |
| Fee at repayment (10% of interest, deducted from lender's return) | \~\$2.30 |
| Interest received by the lender | \~\$20.70 |

The loan is closed, and the collateral is returned directly to the borrower's wallet.

#### If the borrower does not repay

After maturity, the lender can claim the collateral by signing a transaction: a 0.1% fee is deducted from the collateral, and the rest is sent to the lender (no fee on NFT collateral). The borrower can still repay and recover the collateral until the lender claims.

<Warning>
  Do not rely on this window. The lender can claim at any moment after maturity. Always plan to repay before the loan reaches maturity.
</Warning>

### Insurance: protecting against a price drop

The same borrow mechanic can protect against a downside on a volatile asset you want to keep exposure to. This use case is surfaced as **Get Insured** in the interface, but it relies on the same loan flow as any other borrow offer.

A user holds an asset valued at approximately \$1,500 and is concerned about a price drop over the next few days, but does not want to sell. By creating a borrow offer using this asset as collateral, they receive USDC immediately, and decide at maturity whether to repay (and recover the asset) or not (and keep the USDC).

| Parameter | Value |
| - | - |
| **Collateral** | Asset valued at \~\$1,500 |
| **Borrowed asset** | 1,000 USDC |
| **LTV** | \~67% |
| **Loan duration** | 3 days |

Two outcomes at maturity:

* The asset stays above 1,000 USDC: the user repays (principal + interest + fees) and recovers the collateral. The cost is the interest plus the 25% upfront fee — the price of the protection.
* The asset drops below 1,000 USDC: the user can choose not to repay. The lender claims the collateral, and the user keeps the 1,000 USDC, now worth more than the depreciated asset.

<Warning>
  Insurance is not free. The borrower pays interest plus the 25% upfront fee regardless of the outcome. The protection only pays off if the asset drops below the borrowed USDC amount (after fees) by maturity; if the price holds, the operation is a net cost.
</Warning>

## Mistakes to avoid

<AccordionGroup>
  <Accordion title="Forgetting loan maturity">
    Because there are no margin calls during the loan, borrowers may overlook loan maturity. After maturity, the lender can claim your collateral at any time. Use the calendar reminder at offer acceptance to stay on track.
  </Accordion>

  <Accordion title="Assuming early repayment reduces interest">
    You can repay at any time before maturity, but the full interest for the agreed loan duration is always owed. There is no partial interest or fee reduction for early repayment.
  </Accordion>

  <Accordion title="Setting an unrealistic APR">
    APR is what balances an offer relative to its collateral, LTV, and duration. The fill score and the market comparisons in the creation flow exist precisely to surface this: offers with rates significantly out of line with current market conditions may remain unmatched. Think about how all parameters work together rather than focusing on a single value.
  </Accordion>
</AccordionGroup>


# Chat
Source: https://docs.jup.ag/user-docs/earn/offerbook/chat

Send direct messages and join public channels on Offerbook

Chat is a built-in messaging feature on Offerbook that lets users communicate with each other directly inside the app. It supports public channels (open discussions) and direct messages (DMs) addressed by username or Solana wallet address.

Chat is accessed from the floating green button in the bottom-right corner of the interface. Opening it reveals a small menu with Messages, Feedback, and Support; click **Messages** to enter Chat.

<Note>
  You can read public channels as a guest without connecting a wallet. Authentication is only required to send messages, start direct messages, change settings, or take any action tied to your identity.
</Note>

<Note>
  Chat is independent from the rest of Offerbook. Authenticating to Chat requires a separate wallet signature, distinct from the wallet connection used to create or accept offers.
</Note>

***

## Connecting to Chat

You can browse public channels without signing in. To send messages, start direct messages, or change settings, you need to authenticate. The first time you take one of these actions, you are prompted to **Connect to chat** by approving a wallet signature. This signature only authenticates you with the chat service; no funds are moved.

Once signed, you are not asked again on the same device.

<AccordionGroup>
  <Accordion title="Software wallets (Phantom, Solflare, etc.)">
    1. Click the floating green button in the bottom-right corner, then choose **Messages**.
    2. Click **Connect to chat**.
    3. Approve the signature request in your wallet.

    Your messages then load. You can navigate between All, Direct, and Channels tabs at the bottom of the panel.
  </Accordion>

  <Accordion title="Hardware wallets (Ledger and others)">
    Hardware wallets cannot sign arbitrary messages. Chat sign-in for hardware wallets uses a memo transaction signature instead.

    To sign in:

    1. Open Chat and turn on the **Ledger** toggle on the connect screen.
    2. Click **Connect to chat**. If you left the toggle off and the message signature fails, the app offers the transaction sign-in instead.
    3. Approve the memo transaction in your hardware wallet. The transaction is empty (no funds move) but requires a small SOL balance to pay the network fee.

    You are not asked again on the same device after signing in.
  </Accordion>
</AccordionGroup>

***

## Channels

Channels are public discussion rooms open to all connected users.

At launch, Offerbook ships with a single channel: **General** ("General discussion for everyone"). Additional channels may be introduced over time.

<AccordionGroup>
  <Accordion title="Viewing a channel">
    Open Chat → click the **Channels** tab at the bottom of the panel → select **General**.

    The channel header shows the channel name and the current number of online users. Pinned messages appear at the top of the channel and can be expanded by clicking the chevron.

    Scroll down to read recent messages, and use the input at the bottom to send your own.
  </Accordion>

  <Accordion title="Who can pin messages?">
    Only Jupiter admins can pin messages in channels. Regular users cannot pin or unpin.
  </Accordion>

  <Accordion title="Online indicator">
    The "N online" indicator next to the channel name reflects the number of users currently connected to Chat (not the total number of Offerbook users).
  </Accordion>
</AccordionGroup>

***

## Direct Messages

Direct messages (DMs) are private one-to-one conversations between two users.

<AccordionGroup>
  <Accordion title="Starting a conversation">
    1. Open Chat → click the **Direct** tab.
    2. Click **+ Start a conversation**.
    3. Enter the recipient's username (if they have set one) or their Solana wallet address.
    4. Send your first message.

    The conversation appears in the All and Direct tabs for both participants.
  </Accordion>

  <Accordion title="Who can DM whom?">
    Any connected user can DM any other connected user, as long as you know their username or wallet address. There is no friend request or approval flow.
  </Accordion>
</AccordionGroup>

***

## Sending an Offer in Chat

You can share one of your open offers directly in a chat message, both in channels and in DMs. The recipient sees a preview card and can open the full offer with one click.

<Steps>
  <Step title="Open the attachment menu">
    From any chat (channel or DM), click the **+** button on the left of the message input.
  </Step>

  <Step title="Choose Send an offer">
    Select **Send an offer** ("Browse your open offers"). A list of your currently open offers is shown.

    If you have no open offers, the panel displays "You have no open offers." Create or renew an offer first, then come back to share it.
  </Step>

  <Step title="Select an offer">
    Pick the offer you want to share. It is sent as a preview card in the conversation, showing the principal, collateral, APY, duration, and LTV.
  </Step>

  <Step title="Recipient interaction">
    Anyone who can see the message can click the preview card. Clicking opens the full offer page on the right side of the interface, with all the offer details and the actions available to them (accept, send a counter offer, etc.).
  </Step>
</Steps>

<Note>
  Sharing an offer in chat does not change the offer's visibility settings. The offer remains discoverable from the offerbook as usual, and the shared card is only a convenient shortcut to it.
</Note>

***

## Chat Settings

Click the gear icon at the top of the chat panel to open Chat settings.

The available option is **Display layout**, which controls how messages are rendered:

| Layout | Description |
| - | - |
| **Bubbles** | Messages are shown as full chat bubbles. Best for short, conversational exchanges. |
| **Compact** | Messages are shown as compact rows. Best for high-volume channels. |
| **Mixed** | Bubbles for DMs, compact for channels. Recommended for most users. |

Click **Done** to save your choice. The setting applies across your sessions on the same device.

***

## Reporting & Moderation

Chat includes a built-in moderation system to keep public channels usable.

<AccordionGroup>
  <Accordion title="Reporting a message">
    Hover (or long-press on mobile) on any message and click the **⋯** menu, then **Report message**. A confirmation dialog opens:

    > Report this message? A moderator will review it shortly. The sender is not told who reported them.

    Click **Report** to submit. The report is sent to the Jupiter moderation team. The sender does not know who reported their message.
  </Accordion>

  <Accordion title="Anti-spam">
    To prevent flooding, Chat blocks sending the same message more than once within a short window. If you try to repost identical content, the message is rejected.

    This is enforced per user across all channels and DMs.
  </Accordion>

  <Accordion title="What gets moderated?">
    The moderation team reviews reports and takes action against messages that violate community guidelines: spam, scams, harassment, impersonation, and similar abuse. Actions can include message deletion or user restrictions, at the moderators' discretion.
  </Accordion>
</AccordionGroup>

***

## Use Cases

Chat is designed to support real interactions around lending and borrowing on Offerbook. A few common patterns:

<AccordionGroup>
  <Accordion title="Negotiate terms before sending a counter offer">
    Before formally proposing different terms on an open offer, you can DM the offer creator to discuss what you have in mind (LTV, APR, duration). If you reach an agreement, send a counter offer with the negotiated terms, or wait for them to update their offer.

    This reduces back-and-forth on counter offers that would not be accepted anyway.
  </Accordion>

  <Accordion title="Coordinate around an active loan">
    During the life of a loan, the borrower and lender may need to communicate: confirming early repayment, asking about collateral specifics, or coordinating a renewal. DMs are a direct way to do this on-platform, without leaving the app.
  </Accordion>

  <Accordion title="Promote your offer in the General channel">
    Lenders and borrowers can post in the General channel to bring attention to a specific offer (for example, "Looking for a 7-day lender on \$X collateral at Y% APR"). Sharing the offer card in the message makes it actionable in one click.
  </Accordion>

  <Accordion title="Get help with niche collateral">
    For unusual or hard-to-price collateral (illiquid tokens, RWAs, NFTs from smaller collections), the General channel is a place to ask lenders what terms they would consider before publishing the offer.
  </Accordion>
</AccordionGroup>


# Counter Offers
Source: https://docs.jup.ag/user-docs/earn/offerbook/counter-offers

Negotiate the terms of an open offer on Offerbook instead of accepting it as-is

A counter offer is a proposal to modify the terms of an existing open offer before accepting it. Instead of accepting an offer as-is, any user can suggest different terms back to the offer creator. Counter offers do not lock any funds until accepted, and the original offer stays open and visible to other users while counter offers are pending.

Counter offers work the same way for borrowers and lenders: anyone can counter an open offer, and any offer creator can receive counters. Your counter takes the opposite side of the original offer — countering a lending offer puts you on the borrowing side, and countering a borrowing offer puts you on the lending side.

## Sending a counter offer

Open the offer you want to negotiate and click **Counter**. The counter form opens with the original terms shown at the top and your proposed terms below, pre-filled from the original. Adjust one or more of:

* **LTV** — the loan-to-value ratio between borrowed USDC and collateral value. Changing it updates the locked and borrowed amounts accordingly
* **APY** — the rate you propose
* **Duration** — the loan length, in days
* **Expiry** — how long your counter offer stays open
* **Allow partial fills** — inherited from the original offer; toggle it and set a **Min fill (USD)** if you want a different rule

A colored indicator shows how likely your terms are to fill (for example, "Great chance to fill" or "Unlikely to fill quickly, high risk for lenders"), so you can gauge your proposal before sending.

You need to hold enough of the asset to back the counter offer when you send it; if you do not, the form shows "Not enough … to back this counter offer". Nothing is locked until the creator accepts. Click **Review counter offer** to confirm and sign.

Your counter is pinned to the original offer, so the creator sees it alongside their offer. You cannot edit a sent counter offer; if you want to change the terms, cancel it and send a new one.

## Receiving counter offers on your offers

When someone sends a counter offer on one of your open offers, it appears beneath your offer in **Dashboard**, so you can review and respond in context. You are alerted in two places: an activity dot on the Dashboard link, and a notification through your connected channels if enabled in [Settings](/user-docs/earn/offerbook/settings-and-notifications).

You can either:

* Accept the counter offer: the loan starts immediately at the counter-offer terms, and your original offer is consumed by this acceptance
* Ignore it: your original offer stays open, and other counterparties can still accept it at the original terms or send their own counter offers

Multiple counter offers can be open against the same original offer at the same time. Accepting one of them closes the original offer; any other pending counter offers are no longer actionable.


# Loan Extensions on Offerbook
Source: https://docs.jup.ag/user-docs/earn/offerbook/extensions

Roll an active Offerbook loan into a fresh period on the same terms, instead of repaying it

An extension rolls an active loan into a fresh period on the same terms: same rate, same collateral amount, new deadline. The borrower pays the closing period's interest, the principal stays borrowed, and the collateral never moves.

Extensions are opt-in on the lender's side and manual on the borrower's side. Nothing rolls over by itself.

<Warning>
  Extensions are **never automatic**. You extend manually, and only before the deadline. Past maturity the lender can claim your collateral as usual — an extendable loan is not a safety net. See [Borrowing](/user-docs/earn/offerbook/borrowing).
</Warning>

## Lenders: allowing extensions

**Allow extensions** ("same terms, new deadline") is a toggle you set when creating an offer. It appears in every offer creation surface: the offer wizard, [Pro](/user-docs/earn/offerbook/pro), the borrow request form, the composer on the Borrow page, and the Multiply lend panel.

Loans filled from that offer start extendable. The toggle is only a starting value:

* After a fill, you can **revoke or re-grant** the permission per loan
* Revoking never shortens the period already running — it only prevents the next extension

## Borrowers: spotting and using them

Extendable offers carry a **↻ marker** next to their duration everywhere offers are listed: the offer book, the Borrow page, [Pro](/user-docs/earn/offerbook/pro), and collectible cards.

Once you fill one, the loan's row in **Dashboard > Positions** leads with an **Extend** button while the loan runs. Repaying stays one click away in the row menu. To extend several loans at once, select them on the Dashboard and extend them together, in fewer wallet prompts.

## What an extension costs and changes

Before confirming, the panel shows exactly what you pay and what changes:

| Line | Meaning |
| - | - |
| Interest | The closing period's interest, paid now |
| Origination fee | The protocol fee on the new period. See [Fees and Costs](/user-docs/earn/offerbook/fees-and-costs) |
| New deadline | The fresh period, starting when the transaction confirms |

Two things are worth knowing:

* The new deadline **replaces** the current one rather than adding to it. Extending the day you take the loan wastes the time you already paid for, so **extending near expiry gets you the most**.
* The principal and the collateral never move. Only the deadline and the interest clock reset.

## Lenders earn every period

Each extension settles the closing period's interest to the lender immediately, so the capital keeps earning without being redeployed into a new offer. The lender gets a **Loan extended** notification when it happens (see [Settings & Notifications](/user-docs/earn/offerbook/settings-and-notifications#loans)).

Extended loans wear an **×N badge**, and the loan panel keeps the full extension history: the date, the interest paid, and each new deadline.


# Offerbook FAQ
Source: https://docs.jup.ag/user-docs/earn/offerbook/faq

Frequently asked questions about Offerbook: assets, offers, intents, loans, fees, and risks.

Offerbook is a peer-to-peer lending protocol on Solana. Users borrow or lend USDC against onchain collateral (the asset locked by the borrower for the duration of the loan). Loan duration is set by the offer creator (1 to 30 days), with no price-based liquidations and no oracles. This FAQ covers the most common questions.

## Assets

<AccordionGroup>
  <Accordion title="What assets can I use as collateral?">
    Any Solana asset (verified tokens on Jupiter, RWAs such as xStocks, NFTs from whitelisted collections) can be used as collateral. The collateral you choose directly affects how attractive your offer is.
  </Accordion>

  <Accordion title="What asset can I borrow or lend?">
    USDC (a dollar-pegged stablecoin) is the only asset that can be borrowed or lent on Offerbook.
  </Accordion>
</AccordionGroup>

***

## Offers

<AccordionGroup>
  <Accordion title="How do I create an offer?">
    Both borrowers and lenders can create offers through a step-by-step flow: choose a side (borrow or lend), define the collateral asset and amount, USDC amount, LTV (Loan-to-Value, the ratio between borrowed USDC and collateral value), APR (Annual Percentage Rate, for borrowers) or APY (Annual Percentage Yield, for lenders), loan duration, expiration, and partial fill preferences. The offer is then published in the offerbook.

    **Lenders:** Make sure your escrow wallet has sufficient USDC before publishing. Offers without enough balance will not be visible to other users.
  </Accordion>

  <Accordion title="Can I edit an offer after publishing it?">
    No. To change the terms of an offer, you need to remove it and create a new one. However, once an offer expires, you can renew it directly from **Dashboard > Offers** without recreating it (with the option to adjust the LTV before renewing).
  </Accordion>

  <Accordion title="Can I remove an offer before it expires?">
    Yes. An offer can be removed at any time before it is accepted. No fees are charged.
  </Accordion>

  <Accordion title="How long does an offer stay in the offerbook?">
    Offers expire after 1 to 7 days, set by the offer creator (borrower or lender) at creation (the Create Offer flow offers 1, 3 and 7-day presets).

    This is separate from the loan duration: the loan countdown only starts when an offer is accepted, not when it is published.
  </Accordion>

  <Accordion title="Can I accept an offer partially?">
    It depends on the offer creator's settings. When creating an offer, the creator can enable or disable partial fill, and set a Minimum Fill Amount (in USD). If partial fill is enabled, you can accept any amount equal to or greater than the Minimum Fill Amount. If disabled, the offer can only be filled in full.

    When an offer is partially filled, protocol fees apply to the filled portion only, and the remaining amount stays available to other counterparties until the offer expires.

    Partial fill is not available for offers using NFT collateral.
  </Accordion>

  <Accordion title="Is there a minimum or maximum amount for an offer?">
    There is no fixed minimum or maximum at the protocol level. The Minimum Fill Amount can be set per offer when partial fill is enabled.
  </Accordion>

  <Accordion title="Is there a limit on the number of active offers?">
    No. Users can have multiple offers active at the same time.
  </Accordion>

  <Accordion title="What is a counter offer?">
    A counter offer is a proposal to modify the terms of an existing open offer before accepting it. From the offer, click **Counter** and adjust the LTV, rate (APY), duration, expiration, or partial-fill rule. The original offer creator can then accept your counter (starting the loan at those terms) or ignore it. Counter offers do not lock any funds until accepted. See [Counter Offers](/user-docs/earn/offerbook/counter-offers) for details.
  </Accordion>

  <Accordion title="Can I use an NFT as collateral?">
    Yes. NFTs from whitelisted collections can be used as collateral. Offers using NFT collateral are per-item: each offer targets one specific NFT. The exception is PFP collections with a floor price, where lend offers can be collection offers: any qualifying NFT from the collection can be pledged.

    Partial fill is not available for NFT collateral, since an NFT cannot be partially transferred. For NFT collateral with a known floor price, the LTV slider uses the floor price as the reference collateral value.
  </Accordion>
</AccordionGroup>

***

## Intents

<AccordionGroup>
  <Accordion title="What is an intent?">
    An intent is a free, off-chain advertisement of the lending or borrowing terms you want. It locks no funds and cannot be filled directly. Offerbook matches it against live onchain offers and surfaces the matches in your dashboard. See [Intents](/user-docs/earn/offerbook/intents).
  </Accordion>

  <Accordion title="Does posting an intent lock my funds or cost anything?">
    No. Posting, editing and cancelling an intent only require a wallet signature. There is no transaction, no gas, no account rent and no protocol fee, and your funds stay in your wallet. For large intents, around \$100,000 in value or more, Offerbook checks that your wallet and escrow balances hold the relevant asset before accepting the intent.
  </Accordion>

  <Accordion title="How do I act on someone else's intent?">
    Create a regular onchain offer with the same token pair and terms close to the advertised ones: APY and LTV (Loan-to-Value) within 10%, duration within one day. Your offer then surfaces automatically in the intent creator's dashboard, and they can fill it through the standard flow.
  </Accordion>

  <Accordion title="How long does an intent last?">
    The loan terms you advertise can run from 1 to 30 days, the same range as offers. The intent itself stays active until you cancel it or its expiration lapses; you set the expiration when posting, up to 90 days.
  </Accordion>
</AccordionGroup>

***

## Loans

<AccordionGroup>
  <Accordion title="How does a loan start?">
    A loan starts when an offer is accepted. Once matched, the collateral is locked onchain via a smart contract (a PDA, or Program Derived Address, which is a program-owned account on Solana with no private key) and the USDC is transferred. All loan terms are fixed and immutable from that point. The loan duration begins at this moment.
  </Accordion>

  <Accordion title="How long does a loan last?">
    Loan duration is set by the offer creator (borrower or lender) and can range from 1 to 30 days. The interface offers presets depending on the flow (such as 3D, 7D, 30D or 7d, 14d, 30d). The countdown starts when the offer is accepted, not when it is published. Once the loan starts, the duration cannot be changed.
  </Accordion>

  <Accordion title="What is the difference between offer expiration and loan duration?">
    Offer expiration is how long the offer stays visible in the offerbook (1 to 7 days, set at creation). Loan duration is how long the loan lasts once the offer is accepted (1 to 30 days). These are two separate timers.
  </Accordion>

  <Accordion title="Can a borrower repay the loan early?">
    Yes. Borrowers can repay the loan at any time before maturity. The **full interest** for the agreed loan duration is owed regardless of when the repayment occurs. There is no partial interest or fee reduction for early repayment.
  </Accordion>

  <Accordion title="Can I extend a loan instead of repaying it?">
    Only if the lender allowed extensions on the offer you filled — those carry a **↻** marker next to their duration. If yours is extendable, its row in **Dashboard > Positions** leads with an **Extend** button: you pay the closing period's interest plus the origination fee, and the loan runs on for a fresh period at the same rate, with the same collateral. Extensions are manual and must happen before the deadline. See [Loan Extensions](/user-docs/earn/offerbook/extensions).
  </Accordion>

  <Accordion title="What happens at maturity if the loan is not repaid?">
    After the loan duration ends, the lender can claim the collateral by signing a transaction. This action triggers the collateral transfer: the collateral is sent directly to the lender (not sold on the market). A 0.1% fee is deducted from the collateral at transfer (no fee on NFT collateral).

    **The collateral transfer is not automatic.** It only happens when the lender claims. The borrower can still repay and recover the collateral at any time, as long as the lender has not claimed it.

    <Warning>
      Do not rely on this window. The lender can claim at any moment after maturity. Always plan to repay before the loan expires.
    </Warning>
  </Accordion>

  <Accordion title="Can a loan be affected by market movements during its duration?">
    No price-based liquidation, margin call, or forced closure can occur during the loan. However, the collateral is still exposed to price fluctuations. If its value changes significantly, this affects the outcome at maturity for both sides.
  </Accordion>

  <Accordion title="What are the loan statuses?">
    A loan can have one of four statuses:

    * **Active:** the loan is running, between offer acceptance and maturity.
    * **Repaid:** the borrower has repaid the loan, the collateral has been returned to their wallet.
    * **Expired:** the loan has passed maturity without being repaid. The lender can claim the collateral, and the borrower can still repay until they do.
    * **Defaulted:** the lender has claimed the collateral after maturity. The loan is closed.
  </Accordion>

  <Accordion title="Where is the collateral stored during the loan?">
    The collateral is locked onchain via a smart contract (a PDA, or Program Derived Address, which is a program-owned account on Solana with no private key) for the full duration of the loan. Neither the borrower nor the lender can access it during this period.
  </Accordion>

  <Accordion title="What happens when a borrower repays?">
    The borrower pays the principal plus the full interest for the loan duration. The collateral is returned directly to the borrower's wallet. The lender receives the USDC (principal + interest, minus the 10% repayment fee) in their escrow wallet.
  </Accordion>

  <Accordion title="What happens if my collateral is a yield-bearing token (e.g., an LST)?">
    For tokens where yield accrues in the token value itself (such as liquid staking tokens), the collateral value will grow during the loan. For tokens where yield must be actively claimed, the yield may not be accessible while the collateral is locked.
  </Accordion>
</AccordionGroup>

***

## Fees

<AccordionGroup>
  <Accordion title="What fees does Offerbook charge?">
    Offerbook applies fees at three stages:

    1. **At loan start:** 25% of the estimated total interest is taken immediately (USDC), paid by the borrower.
    2. **At repayment:** 10% of the interest is deducted from the lender's return.
    3. **At collateral transfer:** If the borrower does not repay and the lender claims the collateral, 0.1% is deducted from the collateral (no fee on NFT collateral).
  </Accordion>

  <Accordion title="Who pays the fees?">
    The borrower pays the fee at loan start (25% of estimated interest). The lender pays the fee at repayment (10% deducted from interest received) and at collateral transfer (0.1% deducted from collateral received).
  </Accordion>

  <Accordion title="What is Effective APR / APY?">
    The Effective APR (borrower) and Effective APY (lender) account for platform fees and are displayed in the offer summary.

    * **Effective APR** is higher than the offer APR because the 25% upfront fee is added on top of the interest. *Example:* an offer at 30% APR becomes 37.5% Effective APR (30% × 1.25).
    * **Effective APY** is lower than the offer APY because the 10% fee is deducted from the interest received. *Example:* an offer at 5% APY becomes 4.5% Effective APY (5% × 0.9).
  </Accordion>

  <Accordion title="How does the fee at loan start work in practice?">
    If a lender fills a borrow offer, the borrower receives the USDC amount minus the fee. If a borrower fills a lend offer, the borrower pays the fee right after receiving the USDC.
  </Accordion>

  <Accordion title="Is interest reduced if I repay early?">
    No. The full interest for the agreed loan duration is always owed, regardless of when the repayment occurs.
  </Accordion>

  <Accordion title="Are there other costs apart from protocol fees?">
    Yes, two other types. Offerbook has three cost types in total:

    1. **Network fees** — Solana gas, around 0.000005 SOL per signature. Never refunded.
    2. **Account rent** — a refundable deposit Solana requires for each new account. Most of it comes back when the account is closed.
    3. **Protocol fees** — Offerbook's cut in USDC (see [Fees & Costs](/user-docs/earn/offerbook/fees-and-costs#protocol-fees)). Never refunded.

    Rule of thumb: fees are gone, rent is a deposit (most of it is returned when the account is closed). The full rent table by account type is in [Fees & Costs → Account Rent](/user-docs/earn/offerbook/fees-and-costs#account-rent).
  </Accordion>

  <Accordion title="What is the referral program?">
    Offerbook offers a referral system that applies at every stage where a fee is charged. By default, each fee is split:

    * **Referred user:** 20% of the fee
    * **Referrer:** 30% of the fee
    * **Protocol:** 50% of the fee

    The referred-user share is always credited to whoever is paying the fee at that stage, and the 30% share goes to that user's referrer: the borrower at loan start, the lender at repayment and collateral transfer. See [Affiliate & Referrals](/user-docs/earn/offerbook/affiliate-and-referrals) for the full program.
  </Accordion>

  <Accordion title="Can fees change?">
    Yes. Fees are set in the onchain configuration and can be updated by protocol admins. The rates described in [Fees & Costs](/user-docs/earn/offerbook/fees-and-costs) are the current defaults.
  </Accordion>
</AccordionGroup>

***

## Risks

<AccordionGroup>
  <Accordion title="What are the main risks for borrowers?">
    If you do not repay before the end of the loan duration, the lender can claim your entire collateral at any moment. While you can technically still repay until the lender claims, do not rely on this window. Repayment timing is your responsibility. The full interest is always owed, even if you repay early.
  </Accordion>

  <Accordion title="What are the main risks for lenders?">
    Collateral value is not monitored during the loan. If the collateral loses significant value before maturity and the borrower does not repay, you receive the collateral token directly (not USDC), and may need to sell it at a loss. The higher the LTV (Loan-to-Value, the ratio between borrowed USDC and collateral value), the higher this risk. You must also manually claim the collateral after maturity.
  </Accordion>

  <Accordion title="Are there price-based liquidations?">
    No. Offerbook loans are time-based. Market price movements during the loan do not trigger any liquidation or margin call. After maturity, if the borrower has not repaid, the lender can claim the collateral by signing a transaction. This is a direct transfer, not a sale on the market.
  </Accordion>

  <Accordion title="Has Offerbook been audited?">
    Yes. Offerbook has been audited by Cantina. The full report is available here: [Cantina Audit (May 21, 2026)](https://github.com/jup-ag/docs/blob/main/static/files/audits/offerbook-cantina-may-2026.pdf).
  </Accordion>
</AccordionGroup>

***

## Escrow Wallet

<AccordionGroup>
  <Accordion title="What is the escrow wallet?">
    A dedicated wallet, separate from your main Solana wallet, used to hold funds while interacting with Offerbook. Each user has one escrow wallet. All funds transit through the escrow when creating or accepting offers.

    For lenders, the escrow is visible in the interface. For borrowers, it is used in the background and is not visible.
  </Accordion>

  <Accordion title="Do lenders need to deposit USDC into the escrow before creating an offer?">
    An offer cannot be created without the USDC backing it, but you do not need to deposit beforehand: the required USDC is deposited from your wallet into the escrow as part of offer creation.
  </Accordion>

  <Accordion title="Can my escrow balance support multiple offers?">
    Yes. Lenders can create multiple lend offers from the same USDC balance, and all of them are visible at the same time. When one offer is accepted and the USDC leaves the escrow, any remaining offers that are no longer covered by the balance are hidden automatically.
  </Accordion>

  <Accordion title="Can I withdraw from my escrow at any time?">
    Yes. You can withdraw USDC at any time. If withdrawing makes your balance insufficient to cover active offers, those offers are automatically hidden.
  </Accordion>

  <Accordion title="What happens to repaid funds?">
    When a borrower repays a loan, the USDC (principal + interest, minus the 10% fee) returns to the lender's escrow. It can be reused for new offers without withdrawing to your wallet first.
  </Accordion>

  <Accordion title="How does the escrow work for borrowers?">
    For borrowers, the escrow is invisible. Collateral transits through the escrow automatically in a single transaction when creating or accepting an offer. When the borrower repays, collateral is returned directly to their wallet.
  </Accordion>

  <Accordion title="What are the costs to use the escrow wallet?">
    Depositing an asset into your escrow requires funding a Solana account: 0.00203928 SOL the first time you deposit a given asset. This rent is a deposit rather than a fee: it is refunded when you withdraw the asset.

    A separate escrow account is required for each distinct asset, so borrowers typically open more of them over time than lenders, who generally only need a USDC account.

    See [Fees & Costs → Account Rent](/user-docs/earn/offerbook/fees-and-costs#account-rent) for the other account types.
  </Accordion>
</AccordionGroup>

***

## Notifications & Settings

<AccordionGroup>
  <Accordion title="How do I enable notifications?">
    Open the **Settings** page (gear icon in the navigation header), then go to the **General** tab and connect a notification channel: Telegram or Email. Connecting a channel requires signing a message to prove you own the wallet.

    You can set your preferences in the **Notifications** tab before connecting any channel, and a verified Email is enough on its own: Telegram is not required. Toggle individual notification types on or off (Offer accepted, Counter offer received, Loan due soon, etc.). See [Settings & Notifications](/user-docs/earn/offerbook/settings-and-notifications) for the full list.
  </Accordion>

  <Accordion title="What if I'm using a hardware wallet?">
    Hardware wallets (Ledger and others) cannot sign arbitrary messages. To sign in to Settings and connect a notification channel with a hardware wallet, turn on **Using a hardware wallet (Ledger)?** on the Settings sign-in screen; once signed in, the same option is **I'm using a hardware wallet** in the General tab. Authentication then uses a signed transaction instead of a signed message.
  </Accordion>

  <Accordion title="Can I hide my balances on screen?">
    Yes. Turn on **Privacy mode** in **Settings → General** to mask your portfolio totals, PnL and balances on the device you are using. Market data stays visible. See [Settings & Notifications](/user-docs/earn/offerbook/settings-and-notifications#privacy-mode).
  </Accordion>

  <Accordion title="What is auto top-up?">
    Auto top-up is the mechanism that automatically deposits the required funds from your main wallet into your escrow when you create an offer: collateral for a borrow offer, USDC for a lend offer.

    Two toggles for it are visible in the Escrow Settings but are not yet active (greyed out); for now, the deposit always happens automatically as part of offer creation.
  </Accordion>
</AccordionGroup>

***

## Chat

<AccordionGroup>
  <Accordion title="How do I start a chat?">
    Click the floating green button in the bottom-right corner of the interface and choose **Messages**. The first time you open Chat, approve the wallet signature to authenticate. You can then join public Channels (currently just General) or send a Direct message to another user by username or wallet address. See [Chat](/user-docs/earn/offerbook/chat) for the full overview.
  </Accordion>

  <Accordion title="How do I sign in to Chat with a Ledger?">
    Hardware wallets cannot sign arbitrary messages. On the Chat connect screen, turn on the **Ledger** toggle before clicking **Connect to chat**: sign-in then uses a memo transaction instead of a message. If you leave it off and the message signature fails, the app offers the transaction sign-in. Approve the empty memo transaction in your wallet to complete sign-in. Your wallet needs a small SOL balance to pay the network fee.
  </Accordion>

  <Accordion title="How do I share an offer in chat?">
    From any conversation (channel or DM), click the **+** button on the left of the message input and choose **Send an offer**. A list of your open offers appears; select the one you want to share. The recipient sees a preview card with the offer terms (principal, collateral, APY, duration, LTV) and can open the full offer with one click.
  </Accordion>
</AccordionGroup>


# Fees & Costs
Source: https://docs.jup.ag/user-docs/earn/offerbook/fees-and-costs

Fee structure, referral program, and how costs are distributed on Offerbook

Offerbook is a peer-to-peer lending protocol on Solana where users borrow or lend USDC against onchain collateral. This page covers the protocol fees charged at each stage of a loan, the Solana network fees and account rent, and the referral program.

Costs on Offerbook fall into three types: network fees (Solana gas), account rent (a refundable deposit), and protocol fees (Offerbook's cut). These are explained in detail below.

Protocol fees are set in the onchain configuration and can be updated by protocol admins. The rates described below are the current defaults.

***

## Protocol Fees

These are Offerbook's cut, taken in the loan token (USDC). They apply at three stages of a loan.

<Steps>
  <Step title="At loan start — 25% of estimated interest (paid by the borrower)">
    When a loan is opened (an offer is accepted), the program estimates the total interest for the full loan term. A fee equal to 25% of that estimated interest is taken immediately, paid in USDC by the borrower.

    How this works in practice:

    * If a lender fills a borrow offer: the borrower receives the USDC amount minus the fee.
    * If a borrower fills a lend offer: the borrower pays the fee right after receiving the USDC.

    The interest is calculated based on the APR (Annual Percentage Rate) or APY (Annual Percentage Yield) defined at offer creation, applied to the full loan duration.
  </Step>

  <Step title="At repayment — 10% of interest (paid by the lender)">
    When the borrower repays the loan, the borrower pays the full interest to the lender. A fee equal to 10% of the interest is then deducted from the lender's return.

    Example: On a 100 USDC loan with 1% interest (1 USDC), the lender receives 0.9 USDC in interest. The remaining 0.1 USDC goes to the protocol.
  </Step>

  <Step title="At collateral transfer — 0.1% of collateral (paid by the lender)">
    If the loan is not repaid after maturity and the lender claims the collateral, a 0.1% fee is deducted from the collateral before it is transferred to the lender.

    No fee is charged on collateral transfers involving NFT collateral.
  </Step>
</Steps>

***

## Effective APR / APY

The interface displays the Effective APR (borrower side) and Effective APY (lender side) in the offer summary. These rates account for platform fees automatically.

Effective APR is higher than the offer APR because the 25% upfront fee is added on top of the interest the borrower owes.

*Example:* an offer at 30% APR becomes 37.5% Effective APR (30% × 1.25).

Effective APY is lower than the offer APY because the 10% fee is deducted from the interest received by the lender.

*Example:* an offer at 5% APY becomes 4.5% Effective APY (5% × 0.9).

### How rates appear in the interface

The borrowing flow prices the upfront fee directly into the displayed rate: the APR shown is all-in (offer APR × 1.25), and the breakdown line expresses the split in APR points. An offer at 16% APR displays as a 20% all-in APR, with the line "Lender keeps 16% · 4% protocol fee": 16% is the offer rate earned by the lender (gross), and 4 points is the 25% upfront fee.

On the lending side, the offer summary shows the Effective APY (offer APY × 0.9) with the note "Includes a 10% platform fee on interest, deducted from your return at repayment": an offer at 16% APY shows a 14.4% Effective APY.

***

## Interest Calculation

Interest is pro-rated from the annual rate over the loan duration:

**Interest = principal × APR × (loan duration in days / 365)**

*Example:* borrowing 8,000 USDC at 35% APR for 3 days costs 8,000 × 0.35 × 3/365 ≈ 23 USDC of interest. The 25% upfront fee is computed on this estimated interest (≈ 5.75 USDC).

***

## Interest on Early Repayment

Borrowers can repay at any time before maturity, but the **full interest for the agreed loan duration is always owed**. There is no partial interest or fee reduction for early repayment.

***

## Intents

Intents are off-chain and entirely free. Posting, editing and cancelling an intent require only a wallet signature: no network fees, no account rent, no protocol fees. Standard fees apply only if a matching offer is filled and becomes a loan. See [Intents](/user-docs/earn/offerbook/intents).

***

## Fee Summary

| Stage | Who pays | Fee | Basis |
| - | - | - | - |
| Loan start | Borrower | 25% | Estimated total interest (USDC) |
| Repayment | Lender (deducted from interest received) | 10% | Interest (USDC) |
| Collateral transfer | Lender (deducted from collateral received) | 0.1% | Collateral value (no fee on NFT collateral) |

***

## Understanding the Three Cost Types

It helps to separate the three different things you pay for on Offerbook. They behave differently: two are gone for good, one comes back to you.

<CardGroup>
  <Card title="Network fee" icon="bolt">
    The Solana "gas" fee, paid on every transaction. Tiny (around 0.000005 SOL per signature). Never refunded.
  </Card>

  <Card title="Account rent" icon="vault">
    A deposit, not a fee. Solana requires you to fund any new account you create. Most of it is refunded when the account is later closed (see table below).
  </Card>

  <Card title="Protocol fee" icon="building-columns">
    Offerbook's cut, taken in the loan token (USDC). Never refunded (a share may go to a referrer).
  </Card>
</CardGroup>

<Note>
  Rule of thumb: **fees are gone, rent comes back.** The largest SOL numbers you see when using Offerbook are usually rent (a refundable deposit), not a cost.
</Note>

***

## Account Rent

Account rent is a refundable deposit fixed by account type. The amounts are determined by Solana and do not change.

| Account | Rent (SOL) | Paid when | Refundable? |
| - | - | - | - |
| **User account** | 0.00233856 | First time you use Offerbook | Not currently (expected to change) |
| **Escrow account** (per asset) | 0.00203928 | First time you deposit a given asset | Yes — when you withdraw the asset |
| **Offer account** | 0.00940992 | Each time you create an offer | Yes — when the offer is filled, cancelled, or expires |
| **Loan account** | 0.00651456 | When a loan opens | Not currently (expected to change) |
| **Loan vault** | 0.00203928 | When a loan opens | Yes — when the loan is repaid or the collateral is claimed |

<Note>
  Your escrow wallet holds a separate escrow account for each different asset you deposit, so borrowers typically open more of them over time than lenders, who generally only need one for USDC.
</Note>

<Warning>
  On a Solana explorer, an account holding collateral can show a large SOL figure. This is not rent. When the collateral is wrapped SOL (wSOL), the wrapped amount sits inside the account, so the figure shown is the small rent plus the collateral itself. The collateral is yours.
</Warning>

***

## Referral Program

Protocol fees can be split into referral rewards: at every stage where a fee is charged, the user paying the fee receives a rebate and their referrer earns a share. The full split, how it applies across a loan, and how to create your share link are covered in [Affiliate & Referrals](/user-docs/earn/offerbook/affiliate-and-referrals).


# Offerbook Overview
Source: https://docs.jup.ag/user-docs/earn/offerbook/index

Borrow or lend USDC peer-to-peer at fixed rates, with no price-based liquidations on Offerbook

Offerbook is a permissionless, peer-to-peer money market for any onchain assets on Solana, live at [offerbook.jup.ag](https://offerbook.jup.ag/) (currently in Beta).

It allows users to borrow or lend USDC at fixed rates, for a user-defined period (1 to 30 days), using onchain assets as collateral, without price-based liquidations and without relying on price oracles.

USDC (the only asset that can be borrowed or lent on Offerbook) is the liquidity exchanged between borrower and lender. Collateral is the onchain asset locked by the borrower for the duration of the loan, and can be any Solana asset (verified tokens on Jupiter, RWAs such as xStocks, or NFTs from whitelisted collections). See [Markets](/user-docs/earn/offerbook/markets) for what each market accepts.

Unlike classical lending protocols, Offerbook is built around time-based loans. Risk is managed by duration, not by collateral price fluctuations.

Both borrowers and lenders can publish offers with their own terms, expressing their intentions openly in the offerbook. Offers are available for 1 to 7 days, set by their creator. Expired offers can be renewed without recreating them.

Alongside onchain offers, users can post intents: free, off-chain advertisements of the terms they want, matched automatically against live offers. See [Intents](/user-docs/earn/offerbook/intents).

***

## A Fixed-Term Credit Market

Offerbook is best understood as a fixed-term credit market.

Every loan has a known duration, a known return, and a known outcome at maturity.

For lenders, returns are driven by three variables: collateral quality, loan duration, and APY (Annual Percentage Yield, the annualized return for the lender, fixed for the entire loan duration).

For borrowers, it means full control over loan terms and no price-based liquidations.

<CardGroup>
  <Card title="Borrowers can" icon="arrow-right-from-bracket">
    * Create borrow offers with custom terms
    * Accept existing lend offers
    * Use any supported onchain asset as collateral
    * Repay at any time before maturity
  </Card>

  <Card title="Lenders can" icon="arrow-right-to-bracket">
    * Create lend offers with custom terms
    * Accept existing borrow offers
    * Accept offers partially or in full
    * Earn fixed yield over a known duration
  </Card>
</CardGroup>

<Note>
  Partial fill is configurable per offer. The offer creator (borrower or lender) can enable or disable partial fill, and set a Minimum Fill Amount in USD. Partial fill is not available for offers using NFT collateral.
</Note>

***

## Navigating Offerbook

The header is organized by role: **Earn**, **Borrow**, **Multiply** and **Dashboard**, with **Pro**, **Statistics** and **Docs** under **More**. The **Create Offer** button opens the three creation flows (Borrow, Lend, Post an Intent), and the gear icon opens [Settings](/user-docs/earn/offerbook/settings-and-notifications). Old links to the former Lend, Loop and Portfolio pages redirect to their new names.

**Earn** is a menu with two market views, Tokens and Collectibles, where you lend USDC against collateral. The Tokens view opens on **Available Now**, the borrow offers you can fund today, with **Offer to Lend** to post your own terms; **Set Your Terms** lists the terms borrowers have asked for and nobody has filled yet, with the form to post your own. The two markets are described in [Markets](/user-docs/earn/offerbook/markets), and the journey in [Lending](/user-docs/earn/offerbook/lending).

**Borrow** starts with your collateral, then the amount and the term, and ranks every lender's offer for that request. From the same card you can post your own ask, or switch to **Leverage** to open a leveraged long. See [Borrowing](/user-docs/earn/offerbook/borrowing).

**Multiply** hosts the yield loops on stable yield-bearing assets, while leveraged longs on any collateral live in the Leverage tab of Borrow. Both create Multiply positions — see [Multiply](/user-docs/earn/offerbook/multiply).

**Dashboard** is your account view. Its header shows your wallet, account age and repay rate ("100% repaid · 1 loan"), a **Set up profile** link, your net position and your open PnL, and six tabs organize the rest: **Positions** (your open loans and their totals), **Offers**, **Intents**, **Escrow** (the ledger of every movement in and out of your escrow), **Analytics** and **Affiliate** (your referral link, see [Affiliate & Referrals](/user-docs/earn/offerbook/affiliate-and-referrals)). A Borrowing / Lending switch, a Status filter and a Columns menu narrow the tables, and you can select several offers or loans to cancel, renew or extend them together. Analytics covers your lifetime PnL (realized and unrealized), your rates compared with the market for the same collateral over 15D, 30D, 90D or ALL, your daily activity, where your yield comes from by collateral, and how your loans end (repaid on time, defaults, fill rate, median time to fill). A banner lets you switch back to the classic Dashboard. Every wallet's public profile uses the same layout, without the Affiliate tab, and actions such as Cancel or Repay only appear on your own.

**Pro**, under More, brings the whole order book onto one dense screen: both sides of the market and both intent books, for users who want everything in one place. See [Pro](/user-docs/earn/offerbook/pro). **Statistics** shows protocol-wide activity (see [Statistics](/user-docs/earn/offerbook/statistics)). The Chat widget, in the bottom-right corner, hosts public channels and direct messages between users (see [Chat](/user-docs/earn/offerbook/chat)).

***

## Key Terms

<AccordionGroup>
  <Accordion title="Collateral (Locked asset)">
    The onchain asset locked by the borrower for the duration of the loan. The lender can claim this asset if the loan is not repaid after maturity.

    Collateral can be any Solana asset (verified tokens on Jupiter, RWAs such as xStocks, NFTs from whitelisted collections).
  </Accordion>

  <Accordion title="USDC (Borrowed / Lent asset)">
    The liquidity provided by the lender and received by the borrower. On Offerbook, USDC is the only asset that can be borrowed or lent.
  </Accordion>

  <Accordion title="LTV (Loan-to-Value)">
    The ratio (in %) between the borrowed USDC amount and the collateral value. It represents how much liquidity is taken out compared to the value of the collateral locked.

    Example: If you lock \$1,000 worth of collateral and set the LTV to 70%, you can borrow 700 USDC.
  </Accordion>

  <Accordion title="Loan duration">
    The fixed time period during which the collateral is locked and the loan is active. Loan duration is set when creating the offer (by the borrower for a borrow offer, or by the lender for a lend offer) and can range from 1 to 30 days. The interface offers presets depending on the flow (such as 3D, 7D, 30D or 7d, 14d, 30d).

    The countdown starts when the offer is accepted (the loan begins), not when the offer is published. Once the loan starts, the duration cannot be changed.
  </Accordion>

  <Accordion title="Offer expiration">
    Published offers expire after a set period, separate from the loan duration:

    Offers expire after 1 to 7 days, set by the offer creator (borrower or lender) at creation.

    Once an offer expires, it can be renewed directly without recreating it from scratch.

    Offer expiration and loan duration are two separate timers. An offer can be accepted at any point within its expiration window; the loan duration then starts from that moment.
  </Accordion>

  <Accordion title="Intent">
    A free, off-chain, signed advertisement of the terms a user wants, on either side of the market. An intent locks no funds and cannot be filled directly: Offerbook matches it against live onchain offers and surfaces the matches in the creator's dashboard. Intents advertise the same loan durations as offers (1 to 30 days). An intent is anchored on the LTV rather than on fixed token amounts, so its terms stay meaningful as prices move. See [Intents](/user-docs/earn/offerbook/intents).
  </Accordion>

  <Accordion title="APR (Annual Percentage Rate)">
    The annualized cost of borrowing, paid by the borrower. Fixed for the entire loan duration. Displayed when creating a borrow offer and in offer listings.
  </Accordion>

  <Accordion title="APY (Annual Percentage Yield)">
    The annualized return for the lender. Fixed for the entire loan duration. Displayed when creating a lend offer.
  </Accordion>

  <Accordion title="Effective APR / APY">
    The effective rate accounts for platform fees and is automatically displayed in the offer summary.

    Effective APR (borrower side) combines the offer APR with the 25% upfront fee on interest. Because the fee is paid in addition to the interest, the actual cost of the loan is higher than the headline APR.

    *Example:* an offer at 30% APR becomes 37.5% Effective APR (30% × 1.25).

    Effective APY (lender side) combines the offer APY with the 10% fee deducted at repayment. Because the fee is taken out of the interest received, the actual return is lower than the headline APY.

    *Example:* an offer at 5% APY becomes 4.5% Effective APY (5% × 0.9).
  </Accordion>

  <Accordion title="Extension">
    Rolling an active loan into a fresh period on the same terms — same rate, same collateral — instead of repaying it. The borrower pays the closing period's interest, and the new deadline replaces the old one. Extensions must be allowed by the lender and are always triggered manually by the borrower, never automatically. See [Loan Extensions](/user-docs/earn/offerbook/extensions).
  </Accordion>

  <Accordion title="Maturity">
    The point at which the loan duration ends. At maturity, the borrower should have repaid the loan (principal + interest). If not, the lender can claim the collateral.
  </Accordion>

  <Accordion title="Collateral transfer">
    When a loan is not repaid after maturity, the lender can claim the collateral by signing a transaction. This action triggers the collateral transfer: the collateral is sent directly to the lender (not sold on the market). The lender receives the collateral token itself.

    Unlike price-based liquidations in classical lending protocols, this event can only happen after maturity, never during the loan. A 0.1% fee is deducted from the collateral at transfer (no fee on NFT collateral).

    **The transfer is not automatic.** It only happens when the lender claims. The borrower can still repay and recover the collateral at any time, as long as the lender has not claimed it.
  </Accordion>

  <Accordion title="Partial fill and Minimum Fill Amount">
    The offer creator (borrower or lender) can enable or disable partial fill:

    * **Partial fill enabled:** the offer can be accepted partially. The creator sets a Minimum Fill Amount in USD (e.g., \$10, \$25, \$100), which is the minimum amount a counterparty can accept per transaction.
    * **Partial fill disabled:** the offer can only be filled in full by a single counterparty.

    When an offer is partially filled, fees apply to the filled portion only, and the remaining amount stays available to other counterparties.

    Partial fill is not available for offers using NFT collateral, since an NFT cannot be partially transferred.
  </Accordion>

  <Accordion title="Counter offer">
    A proposal to modify the terms of an existing open offer before accepting it. Any user can send a counter offer on any open offer, adjusting one or more of: LTV (Loan-to-Value, the ratio between borrowed USDC and collateral value), the rate (APY), duration, expiration, and the partial-fill rule.

    The original offer creator can review counter offers received and either accept one (starting the loan at the counter-offer terms) or ignore them. The original offer remains open and visible to other users while counter offers are pending.

    Counter offers do not lock any funds until accepted. Multiple counter offers can be open against the same original offer at the same time. See [Counter Offers](/user-docs/earn/offerbook/counter-offers) for details.
  </Accordion>

  <Accordion title="Loan status">
    A loan can have one of four statuses:

    * **Active:** the loan is running, between offer acceptance and maturity.
    * **Repaid:** the borrower has repaid the loan, the collateral has been returned to their wallet.
    * **Expired:** the loan has passed maturity without being repaid. The lender can claim the collateral, and the borrower can still repay until they do.
    * **Defaulted:** the lender has claimed the collateral after maturity. The loan is closed.
  </Accordion>

  <Accordion title="Escrow wallet">
    A dedicated wallet, separate from your main Solana wallet, used to hold funds while interacting with Offerbook. Each user has one escrow wallet. All funds transit through the escrow when creating or accepting offers.

    **For lenders:** the escrow is visible in the interface. USDC is deposited into it as part of offer creation, and lenders can create multiple offers from the same balance.

    **For borrowers:** the escrow is used in the background. Collateral transits through the escrow automatically in a single transaction. When the borrower repays, collateral is returned directly to their wallet.
  </Accordion>
</AccordionGroup>

***

## How Offerbook Loans Work

Offerbook loans are time-based, not price-based. This is the core difference with classical lending protocols.

Once a loan starts:

* Collateral is locked onchain for the full duration of the loan
* Loan terms cannot be changed
* No margin calls or price-based liquidations can occur before maturity

Borrowers can choose to repay the loan at any time. The full interest for the agreed duration is owed regardless of when the repayment occurs.

<Danger>
  If the loan is not repaid by maturity, the lender can claim the **entire collateral** at any time by signing a transaction. The transfer is not automatic, but you cannot rely on any delay. Always plan to repay before the loan expires.
</Danger>

With time-based loans, risk management is shared between lenders and borrowers. The collateral value at maturity can be higher or lower (in USD terms) than the amount borrowed.

***

## Loan Lifecycle

A loan on Offerbook follows a deterministic lifecycle.

<Steps>
  <Step title="Offer created">
    A borrower or lender publishes an offer in the offerbook with their desired terms (collateral, USDC amount, LTV, APR/APY, loan duration, partial fill settings). Offers are visible for 1 to 7 days, set at creation. Expired offers can be renewed without recreating them.
  </Step>

  <Step title="Offer accepted — Loan starts">
    A counterparty accepts the offer, partially or in full. The loan starts immediately. Collateral is locked onchain via a smart contract (a PDA, or Program Derived Address, which is a program-owned account on Solana with no private key). The loan duration begins at this moment.

    A calendar reminder can be added at this stage to track the loan's maturity date. The reminder fires 2 hours before maturity.
  </Step>

  <Step title="Loan active">
    The loan runs for its full duration. Collateral cannot be accessed by either party. No price-based events can occur. The borrower can repay at any time.
  </Step>

  <Step title="Loan resolved">
    At maturity, the loan resolves in one of two ways:

    * **Repaid:** the borrower repays principal + full interest. Collateral is returned directly to the borrower's wallet. Loan status: Repaid.
    * **Extended:** on an extendable loan, the borrower pays the closing period's interest and the loan runs on for a fresh period on the same terms. See [Loan Extensions](/user-docs/earn/offerbook/extensions).
    * **Not repaid:** the lender can claim the collateral by signing a transaction (this triggers the collateral transfer). A 0.1% fee is deducted from the collateral (no fee on NFT collateral). The borrower can still repay until the lender claims. Loan status: Defaulted.
  </Step>
</Steps>

<Note>
  If an offer expires without being accepted, it is automatically removed from the offerbook. No fees are charged.
</Note>

***

## Offers and Loans

Both borrowers and lenders can create offers. For each offer, the following terms are defined:

| Parameter | Description | Configurable? |
| - | - | - |
| **Collateral asset and amount** | The onchain asset locked as security | Yes |
| **USDC amount** | The liquidity borrowed or lent | Yes |
| **LTV** | Ratio between USDC amount and collateral value (in %) | Yes (linked to USDC amount) |
| **APR / APY** | Cost of borrowing (APR) or return for lending (APY), annualized | Yes |
| **Loan duration** | Time period of the loan (starts at acceptance) | Yes (1 to 30 days) |
| **Allow partial fill + Minimum Fill Amount** | Whether partial acceptance is allowed and the minimum fill amount in USD | Yes (except NFT collateral) |
| **Offer expiration** | How long the offer stays visible (separate from loan duration) | 1 to 7 days, set at creation |

Together, these parameters determine an offer's attractiveness. Matching occurs when the terms align with current market demand.

The role-by-role journeys are detailed in [Borrowing](/user-docs/earn/offerbook/borrowing) and [Lending](/user-docs/earn/offerbook/lending).

***

## Oracles and Pricing

Offerbook does not use price oracles for loan execution.

Loans are time-based with fixed terms, so there are no price-based liquidations or margin calls, and no onchain price tracking is required.

<Note>
  Prices shown in the interface are provided by Jupiter's pricing API and are informational only. They help users estimate values such as LTV, but do not affect loan execution or outcomes.

  Tokenized stocks (xStocks) are valued using the underlying stock price rather than the on-chain market price, giving more accurate LTV and balance estimates.
</Note>

***

## Why Offerbook?

USDC is the only asset that can be borrowed or lent on Offerbook. This simplifies the experience for both sides: borrowers and lenders only need to choose the collateral asset and the loan terms.

Offerbook can be used with any Solana asset as collateral, and is optimized for specific use cases:

<CardGroup>
  <Card title="Fixed-term loans" icon="clock">
    Simple loan management with predictable terms, duration, and outcomes.
  </Card>

  <Card title="Illiquid assets" icon="gem">
    High-value assets with low onchain liquidity (such as RWAs) can be used as collateral without price-based liquidation or price manipulation risk.
  </Card>

  <Card title="Advanced DeFi assets" icon="layer-group">
    LP positions, PT tokens, and other complex assets can be used as collateral.
  </Card>

  <Card title="Insurance" icon="shield-halved">
    Borrow USDC against a volatile asset to access liquidity now, with the option to walk away at maturity if the asset's value has dropped below the borrowed amount. Surfaced as **Get Insured** in the app interface.
  </Card>

  <Card title="Multiply" icon="arrow-trend-up" href="/user-docs/earn/offerbook/multiply">
    Turn USDC into a leveraged position on a collateral asset by borrowing against it. Surfaced as the **Multiply** page and the **Leverage** tab of Borrow.
  </Card>
</CardGroup>

On the lending side, Offerbook provides a way to earn yield at fixed terms, with clearly defined risk at loan maturity.

***

## Offerbook vs Jupiter Lend

Offerbook and [Jupiter Lend](/user-docs/earn/lend) are both lending products within the Jupiter ecosystem, but they serve different use cases and operate on different models.

### The Offerbook model

| Parameter | Detail |
| - | - |
| **Model** | Peer-to-peer. Borrowers and lenders publish offers expressing their intentions, and are matched directly through an order book. |
| **Rates** | Fixed. Set by the user at offer creation and locked for the full loan duration. |
| **Loan duration** | User-defined (1 to 30 days). Starts when the offer is accepted. |
| **If not repaid** | After maturity, the lender can manually claim the collateral. The borrower can still repay until the lender claims. No price-based events during the loan. |
| **Oracles** | None. Prices in the interface are informational only. |
| **Collateral monitoring** | None during the loan. |
| **Borrowable assets** | USDC only. |
| **Collateral** | Any Solana asset (verified tokens, RWAs such as xStocks, NFTs from whitelisted collections). |

### The Jupiter Lend model

| Parameter | Detail |
| - | - |
| **Model** | Pool-based. Lenders supply assets to shared liquidity pools, borrowers draw from those pools. |
| **Rates** | Variable. Adjusted automatically based on supply and demand. |
| **Loan duration** | Perpetual. Positions remain active until the user repays or is liquidated. |
| **If not repaid** | Continuous price-based liquidation. Positions are partially or fully liquidated if collateral value drops below a threshold. |
| **Oracles** | Yes (Pyth, Chainlink, Redstone). Used for real-time valuation and liquidation triggers. |
| **Collateral monitoring** | Continuous. Position Health updated in real time. |
| **Borrowable assets** | Multiple (SOL, USDC, and other supported assets). |
| **Collateral** | Eligible assets only (SOL, JupSOL, mSOL, JitoSOL, stablecoins, and others per vault). |

<Tip>
  Use Offerbook when you want fixed terms, no liquidation risk during the loan, or need to borrow against assets with low onchain liquidity. Use Jupiter Lend when you want flexible, perpetual positions with continuous collateral monitoring and variable rates.
</Tip>

***

## Supported Assets

<CardGroup>
  <Card title="Collateral" icon="lock">
    * Any Solana asset (verified tokens)
    * RWAs (such as xStocks)
    * NFTs (whitelisted collections only)
  </Card>

  <Card title="Borrowed / Lent asset" icon="dollar-sign">
    * USDC only
  </Card>
</CardGroup>

<Note>
  Asset availability may vary depending on integrations and standards.
</Note>

***

## Where to Go Next

<CardGroup>
  <Card title="Markets" href="/user-docs/earn/offerbook/markets">
    What you can borrow and lend against: the Tokens and Collectibles markets.
  </Card>

  <Card title="Borrowing" href="/user-docs/earn/offerbook/borrowing">
    From asking for a loan to repayment, step by step.
  </Card>

  <Card title="Lending" href="/user-docs/earn/offerbook/lending">
    From posting an offer to claiming collateral, step by step.
  </Card>

  <Card title="Intents" href="/user-docs/earn/offerbook/intents">
    Advertise the terms you want, free and off-chain.
  </Card>

  <Card title="FAQ" href="/user-docs/earn/offerbook/faq">
    Assets, offers, intents, loans, fees, and risks: the common questions answered.
  </Card>
</CardGroup>


# Intents
Source: https://docs.jup.ag/user-docs/earn/offerbook/intents

Advertise the lending or borrowing terms you want on Offerbook, with no funds locked and no fees

Intents let you advertise the terms you are looking for without committing anything onchain. An intent is a signed, off-chain message that tells the market "I am willing to lend (or borrow) this amount, against this collateral, at these terms".

<CardGroup>
  <Card title="Free" icon="star">
    One wallet signature. No gas, no rent, no fees.
  </Card>

  <Card title="Nothing locked" icon="lock-open">
    Your funds stay in your wallet the whole time.
  </Card>

  <Card title="No commitment" icon="hand">
    You choose whether to fill a matching offer, or ignore it.
  </Card>
</CardGroup>

Intents exist alongside offers. They do not replace them: an intent surfaces demand or supply that the order book cannot show yet, and the loan itself is still created through the regular offer flow.

## Intents and offers

| | Offers | Intents |
| - | - | - |
| Where they live | Onchain | Off-chain |
| Cost to create | Network fees and account rent | Free, one wallet signature, no gas |
| Funds | Required to fill the offer | Never locked |
| Can be filled directly | Yes | No |
| Loan duration | 1 to 30 days | 1 to 30 days |
| Terms anchor | Token amounts, fixed at current prices when the offer is created | LTV-based: amounts are recalculated against live prices |
| Expiration | 1 to 7 days, set at creation | Set at posting, up to 90 days |

This anchoring difference is why offers are short-lived while an intent can stay posted: an offer commits exact token amounts at the prices of its creation, so it only stays meaningful for a short window, while an intent only advertises an LTV and a rate, so its terms keep their meaning as prices move.

## How matching works

When you post an intent, Offerbook continuously compares it against live onchain offers. An offer matches your intent when all four criteria hold:

| Criterion | Tolerance |
| - | - |
| Token pair | Exact match: same lent token and same collateral token |
| APY | Within 10% of your intent's annual percentage yield (APY) |
| LTV | Within 10% of your intent's loan-to-value (LTV) ratio |
| Duration | Within one day of your intent's duration |

Matching offers surface under **Dashboard > Intents**. From there, filling one works exactly like filling any other offer. Posting an intent never commits you to anything: you decide whether to fill a matching offer, or ignore it.

## Posting an intent

There are several ways to post an intent:

* **Create Offer > Post an Intent** in the header, **Set your terms** at the bottom of the Earn market's Set Your Terms tab, and **New intent** on the Dashboard's Intents tab all open the dedicated Post intents page ("Advertise the terms you want — no funds locked, matching offers surface in your dashboard"), described in the steps below
* On the Borrow page, the **Create your own offer** composer offers **post free instead**, which advertises your ask as an intent rather than locking it as an offer (see [Borrowing](/user-docs/earn/offerbook/borrowing#posting-your-own-ask-from-the-borrow-page))
* The borrow offer creation flow ends on the same choice: at its Publish step, **Just advertise terms** posts your configured terms as an intent instead of locking them as an offer (see [Borrowing](/user-docs/earn/offerbook/borrowing#creating-a-borrow-offer))

In every case, the interface reminds you that advertised terms should stay backed by a real balance in your wallet (see the balance check under [Intent costs](#intent-costs)).

<Steps>
  <Step title="Choose your side">
    Select **Lend** or **Borrow** at the top of the form. As a lender, you set the token you lend and the collateral you want to receive. As a borrower, you set the collateral you lock and you receive the borrowed token.

    The form also lists the most used collateral assets, with their recent loan volume, to help you pick a market that is actually active.
  </Step>

  <Step title="Set your amount">
    Enter the amount on your side of the trade: the amount you lend as a lender, or the collateral amount you lock as a borrower. **Half** and **Max** shortcuts use your wallet balance.

    The amount on the other side is calculated automatically from the LTV you set, using current prices, and is labelled "set by LTV" in the form.
  </Step>

  <Step title="Set your terms">
    Three fields define the loan you are advertising:

    | Parameter | Range | Default | Description |
    | - | - | - | - |
    | LTV | 1% to 95% | 50% | Ratio between the borrowed value and the collateral value |
    | APY | No fixed range in the form | 10% | Annual rate you offer or request |
    | Duration | 1 to 30 days | 7 days | Length of the advertised loan |
  </Step>

  <Step title="Post and sign">
    The footer tracks readiness ("1 of 1 intent ready · one signature, no gas"); an intent line missing a collateral or an amount is flagged until completed. Click **Post intent**. Your wallet prompts you to sign a message. There is no transaction, no gas fee and no rent deposit. Ledger wallets sign an equivalent memo transaction instead, which is never broadcast to the network.
  </Step>
</Steps>

### Posting several intents at once

The **Add intent** button stacks additional intent lines in the same form, each with its own asset pair, amount and terms. The whole batch is posted with a single signature, up to 20 intents at a time.

## Where your intent appears

Once posted, your intent is public:

* Other users see it in the market views, where assets with active intents carry an intent badge and the advertised liquidity shows in the Available column alongside onchain offers
* Borrowers' intents are listed on the **Set Your Terms** tab of the Earn Tokens market ("Borrowers looking for terms"), where a lender can **Create offer** to post a matching offer
* The [Pro](/user-docs/earn/offerbook/pro) view lists it in its Borrow intents or Lend intents panel, where counterparties can **Match** it
* The Statistics page counts it in the Advertised Intents card
* You manage it from **Dashboard > Intents**

## Acting on someone else's intent

Intents cannot be filled directly. To act on an intent, create a regular onchain offer with the same token pair and terms close to the advertised ones. Once your offer is onchain, it surfaces automatically in the intent creator's dashboard, and they can fill it through the standard flow.

Keep your terms within the [matching tolerances](#how-matching-works). If your offer drifts further from the intent's terms, it stops being surfaced to the intent creator, although it remains a normal offer that anyone can browse and fill.

## Managing your intents

Your intents live under **Dashboard > Intents**. Each row shows the principal, the collateral (down to a specific collectible), the APY, duration, interest owed, LTV and the time left before expiration, with **Edit** and **Cancel** actions. While an intent is active you can edit its terms or cancel it at any time; each change requires a wallet signature, and like posting, it is free.

An intent has one of three statuses:

| Status | Meaning |
| - | - |
| Active | Live and visible to the market. Can be edited or cancelled |
| Cancelled | Removed by you. Terminal |
| Expired | Reached its expiration without being cancelled. Terminal |

An intent cannot be filled directly: to make your advertised terms fillable, lock them as an onchain offer through the borrow offer creation flow (**Create Offer > Borrow**), whose Publish step turns the same terms into a locked, fillable offer (**Lock & list now**).

## Intent costs

Intents are entirely free. Posting, editing and cancelling an intent involve no network fees, no account rent and no protocol fees, because nothing happens onchain. Protocol fees only apply later, if a matching offer turns into an actual loan, under the standard fee schedule described in [Fees and Costs](/user-docs/earn/offerbook/fees-and-costs).

<Note>
  For large intents, around \$100,000 in value or more, Offerbook verifies that your wallet and escrow balances actually hold the relevant asset before accepting the intent. Smaller intents are accepted without a balance check.
</Note>

## Risks and limitations

<Warning>
  * **Intents are public.** Anyone can see the terms you advertise and the wallet that posted them.
  * **An intent is not a commitment.** Neither you nor anyone else is obliged to act on it, so a posted intent may never result in a loan.
  * **Prices move.** The counterpart amount displayed in the form is an estimate based on current prices, and the real terms of any future loan are fixed only when an offer is filled.
</Warning>


# Lending
Source: https://docs.jup.ag/user-docs/earn/offerbook/lending

Lend USDC at fixed rates on Offerbook, from posting an offer to claiming collateral

Lending on Offerbook means supplying USD Coin (USDC) at a fixed rate for a fixed duration, secured by the borrower's collateral held in escrow. There are no price-based liquidations: if the borrower repays, you receive your principal + interest; if they do not, you claim the collateral.

You can lend against tokens or collectibles; what each market accepts is covered in [Markets](/user-docs/earn/offerbook/markets).

<Warning>
  The collateral is your only recourse. If its value drops below the borrowed amount during the loan, the borrower can rationally choose not to repay, and you receive an asset worth less than the USDC you lent. This trade-off is inherent to time-based lending: only lend against collateral you would accept holding, at an LTV (Loan-to-Value, the ratio between borrowed USDC and collateral value) that prices this risk. See [Security & Risks](/user-docs/earn/offerbook/security-and-risks).
</Warning>

## How to start lending

Everything starts from the **Earn** menu in the header, which opens the Tokens or Collectibles market view (see [Markets](/user-docs/earn/offerbook/markets)). The Tokens view has two tabs: **Available Now**, the borrow offers you can fund today, and **Set Your Terms**, the terms borrowers have asked for and nobody has filled yet, each with **Create offer** to post a matching lend offer. Pick the collateral you want to lend against, then take one of three paths:

* Fill an open borrow offer at the terms set by the borrower
* Create your own lend offer with the **Offer to Lend** button (or **Create Offer > Lend** in the header), and wait for a borrower to fill it
* Send a counter offer on an open borrow offer whose terms are close but not quite right. See [Counter Offers](/user-docs/earn/offerbook/counter-offers)

You can also advertise the terms you want through an [intent](/user-docs/earn/offerbook/intents), which is free, off-chain and locks nothing, or browse every offer and intent on one screen in the [Pro](/user-docs/earn/offerbook/pro) view. Lending against the assets used in yield loops has its own entry point on the [Multiply](/user-docs/earn/offerbook/multiply) pages, with the same offer mechanics.

## Your escrow wallet

All funds transit through a dedicated escrow wallet, separate from your main Solana wallet. As a lender, the escrow is visible in the interface next to your main wallet balance, and it is central to how your offers work:

* USDC is deposited into the escrow as part of offer creation. Lend offers must be covered by the escrow balance to be visible to other users. See [Settings & Notifications](/user-docs/earn/offerbook/settings-and-notifications)
* You can create multiple lend offers from the same USDC balance, all visible at the same time. When one offer is accepted, the USDC leaves the escrow, and any remaining offers no longer covered by the balance are hidden automatically
* When a borrower repays, the USDC (principal + interest, minus fees) returns to your escrow, where it can be reused for new offers without withdrawing first
* You can deposit and withdraw at any time. If a withdrawal leaves active offers uncovered, those offers are hidden automatically

<Tip>
  Repaid loans do not land in your main wallet. If USDC seems missing after a loan closes, check your escrow balance, shown next to your main wallet balance, and withdraw from the escrow to move it to your wallet.
</Tip>

The **Escrow** tab of your Dashboard is the ledger of this wallet: the balance in escrow now, what you have deposited and withdrawn in total, the net USD in and out, and every movement (repayment received, loan funded, deposit, withdrawal) with its USD value and the balance after it. Filters narrow it to Deposits, Withdrawals, Funded by you or Withdrawn by you.

The first deposit of a given asset funds an escrow account (0.00203928 SOL of rent, refunded when you withdraw the asset). See [Fees and Costs](/user-docs/earn/offerbook/fees-and-costs#account-rent).

<Note>
  The escrow supports NFT deposits and withdrawals alongside fungible tokens. This is mainly relevant when working with NFT-collateralized loans or when retrieving NFTs after a loan has settled.
</Note>

## Filling a borrow offer

When you accept a borrow offer, the loan starts immediately and the loan duration begins. USDC is transferred to your escrow automatically if needed, then to the borrower, and the collateral is locked onchain. If the offer allows partial fill, you can accept any amount at or above its Minimum Fill Amount, which borrow offers also display in collateral terms; otherwise the offer must be filled in full.

At this stage, you can add the loan's maturity date to your calendar using the calendar button provided in the interface. Calendar reminders fire 2 hours before maturity.

## Creating a lend offer

The **Offer to Lend** button, **Create Offer > Lend** in the header, and the Dashboard's Offers tab (with the Lending side selected) all open the same step-by-step creation flow.

<Steps>
  <Step title="Choose your conditions">
    Define the core parameters of the offer:

    * **Asset to lend:** USDC (fixed), and the amount, at least \$10 per loan
    * **Collateral you accept:** verified tokens on Jupiter, real-world assets (RWAs) such as xStocks, or non-fungible tokens (NFTs) from whitelisted collections
    * **LTV (Loan-to-Value):** adjust via slider. For NFT collateral, the slider uses the collection floor price as the reference value
    * **APY (Annual Percentage Yield):** set the rate you ask. As you adjust the LTV and APY sliders, an indicator estimates how attractive the terms are to borrowers (for example, "Great chance to fill, cheap for borrowers")

    <Note>
      Offers using NFT collateral are per-item: each offer targets one specific NFT, shown as its own card in the Collectibles market. The exception is PFP collections with a floor price: lend offers on these can be collection offers, where any qualifying NFT from the collection can be pledged as collateral.
    </Note>
  </Step>

  <Step title="Set duration and expiration">
    * **Loan duration:** 1 to 30 days (presets: 3D, 7D, 30D)
    * **Offer expiration:** 1 to 7 days, set by you. This is separate from the loan duration: the loan countdown only starts when the offer is accepted

    <Warning>
      Past 1 day, your terms stay fillable even if the collateral price or market rates move against you. Keep the expiration short unless you are confident the terms will still be worth it later, and remember that expired offers can be renewed in one click.
    </Warning>
  </Step>

  <Step title="Set fill preferences">
    * **Allow partial fill:** when enabled, your offer can be accepted partially, and you set a **Minimum Fill Amount** in USD
    * **Allow extensions:** when enabled, borrowers can roll loans from this offer into fresh periods on the same terms, paying you each period's interest as it closes. You can revoke or re-grant it per loan after a fill. See [Loan Extensions](/user-docs/earn/offerbook/extensions)
    * Partial fill is not available for offers using NFT collateral, since an NFT cannot be partially transferred
  </Step>

  <Step title="Review and publish">
    The offer summary recaps your terms (amounts, APY, LTV, duration, expiration, partial fill minimum) and displays the Effective APY: the offer APY minus the 10% platform fee on interest deducted at repayment (an offer at 16% APY shows 14.4%). As the summary states, your USDC stays in your escrow balance until the offer is filled, and you can create multiple offers with the same balance.

    Your escrow must hold the offered USDC for the offer to be visible: the app deposits it from your wallet into your escrow automatically when the offer is created.
  </Step>
</Steps>

Published offers cannot be edited. You can cancel an offer at any time before it is accepted, at no fee. Once an offer expires, you can renew it directly from **Dashboard > Offers**, with the option to adjust the LTV, instead of recreating it from scratch.

Counterparties can also send [counter offers](/user-docs/earn/offerbook/counter-offers) on your offer, proposing a different LTV, rate (APY), duration or amount. They appear beneath your offer in Dashboard, an activity dot shows on the Dashboard link, and you can accept one (the loan starts immediately at the counter terms) or ignore them.

## Earnings & Costs

Interest accrues at the agreed rate, fixed for the whole loan duration.

<CardGroup>
  <Card title="You earn" icon="arrow-trend-up">
    The offer APY, locked for the full duration. The borrower pays the
    interest on top of the principal at repayment.
  </Card>

  <Card title="You pay" icon="receipt">
    10% of the interest, deducted at repayment, plus network fees and
    account rent on the onchain transactions. Rent is a deposit, not a
    fee: part of it returns when the related accounts close.
  </Card>
</CardGroup>

<Tip>
  The interface shows the **Effective APY**, which already accounts for the
  fee: an offer at 5% APY yields a 4.5% Effective APY. The full schedule is
  in [Fees and Costs](/user-docs/earn/offerbook/fees-and-costs).
</Tip>

## Your Dashboard

Everything you do as a lender lives under **Dashboard**, with the **Lending** side selected:

* **Positions** — the loans you funded, with your principal lent, interest, average APY, realized PnL and the collateral you can claim at the top. Each loan follows the statuses Active, Repaid, Expired and Defaulted.
* **Offers** — your open lend offers, the terms you are showing borrowers. Cancel them before they are filled, or renew them once expired.
* **Escrow** and **Analytics** — the escrow ledger described above, and your lending performance compared with the market.

Select several offers or loans to act on them together: cancel or renew them in fewer wallet prompts, with the result shown row by row.

## How Your Loan Ends

A loan has two possible outcomes, and only one of them asks anything of you. Both are handled from **Dashboard > Positions**, using the action button on the right of the loan's row.

<CardGroup>
  <Card title="The borrower repays" icon="circle-check">
    Nothing to do. The loan closes, and the USDC (principal + interest,
    minus the 10% fee) lands back in your escrow, ready to be reused for
    new offers.
  </Card>

  <Card title="The borrower walks away" icon="gavel">
    After maturity, claim the collateral by signing a transaction — the
    transfer is not automatic. The collateral is sent to your wallet as-is,
    never sold on the market, and the loan is marked Defaulted. A 0.1% fee
    is deducted at transfer (none on NFT collateral).
  </Card>
</CardGroup>

<Warning>
  Until you claim, the loan stays open and the borrower can still repay.
  **Claiming is the action that settles the outcome** — do not leave it
  pending.
</Warning>

## Example

The same loan, seen from the lender's side. A borrower posts a borrow offer — 8,000 USDC against \~\$10,000 of collateral, 3 days, 35% APR — and you accept it.

| Parameter | Value |
| - | - |
| **You lend** | 8,000 USDC |
| **Collateral locked** | \~\$10,000 onchain asset |
| **Loan duration** | 3 days |
| **Interest over the term** | \~\$23 |

* **If the borrower repays:** you get your 8,000 USDC back plus the interest, minus the 10% repayment fee — about \$20.70 net. The USDC lands in your escrow, ready to reuse.
* **If the borrower does not repay:** after maturity you claim the collateral from **Dashboard > Positions**. A 0.1% fee is deducted (none on NFT collateral), and you receive the asset itself, to hold or sell.

See [Fees and Costs](/user-docs/earn/offerbook/fees-and-costs) for the full schedule.

## Mistakes to avoid

<AccordionGroup>
  <Accordion title="Waiting too long after maturity">
    The collateral is not transferred automatically. If the borrower does not repay and you do not claim, the loan stays open and the borrower can still repay later. To recover the collateral after maturity, you must sign a claim transaction.
  </Accordion>

  <Accordion title="Using volatile collateral with long durations">
    Collateral value is not monitored during the loan. Using highly volatile assets as collateral over long durations increases uncertainty around the collateral's value at maturity. Collateral characteristics and loan duration should always be considered together.
  </Accordion>

  <Accordion title="Setting an unrealistic APY">
    APY is what balances an offer relative to its collateral, LTV, and duration. Offers with rates significantly out of line with current market conditions may remain unmatched. When defining an APY, think about how all parameters work together rather than focusing on a single value.
  </Accordion>
</AccordionGroup>


# Offerbook Markets
Source: https://docs.jup.ag/user-docs/earn/offerbook/markets

The Tokens and Collectibles markets on Offerbook: eligible collateral and how to read each view

Offerbook has two markets, Tokens and Collectibles. In the interface, the lender views live under the **Earn** menu in the header, while the borrowing side is reached through the collateral selector on the **Borrow** page — its category tabs (All, Collectibles, Bridged, DeFi, LSTs, Memecoins, RWA, Stablecoins) cover both markets. Both markets run on the same loan mechanics: fixed rate, fixed duration, no price liquidations. What changes between them is the collateral, how offers are organised, and what you should evaluate before lending or borrowing. The journeys themselves are covered in [Borrowing](/user-docs/earn/offerbook/borrowing) and [Lending](/user-docs/earn/offerbook/lending), and the [Pro](/user-docs/earn/offerbook/pro) view brings both markets' books onto a single screen.

## Reading the market table

The market table below belongs to the market views; the redesigned Borrow view surfaces offers as a list with per-offer terms instead, and the classic experience remains accessible. All market views share the same table, except the Collectibles Lend view, which is a grid of individual items (see [Collectibles](#collectibles)). Each row is something to borrow or lend against: an asset in the Tokens market, a collection or RWA partner in the Collectibles market. Badges next to the name show how many offers and intents are currently open on it.

| Column | Meaning |
| - | - |
| APR (7d) | The annual percentage rate (APR) over the last seven days, shown as a trend with its current value |
| APR (Median) | The median rate currently quoted |
| LTV (Median) | The median loan-to-value (LTV) ratio currently quoted |
| Available | Borrow mode only. USDC available to borrow. A second line shows the additional liquidity advertised through intents, where present |
| Ask | Lend mode only. USDC currently asked by borrowers |
| Open Loans | Value of the loans currently open, with their count |
| Utilization | Share of the supplied liquidity currently used by open loans |

***

## Tokens

The market for fungible collateral. Eligible collateral covers tokens verified on Jupiter through [VRFD](/user-docs/launch/vrfd) and tokenised real-world assets (RWAs) such as xStocks. The market table lists every asset currently available.

* **Borrow view:** Offerbook reads your wallet — the collateral selector lists your eligible assets, and the offer list shows the live lend offers matching your selection
* **Earn → Tokens view:** on the **Available Now** tab, pick the collateral you accept, or keep **Any Collateral**, and the table shows the demand for each asset. The **Set Your Terms** tab lists the asks borrowers have posted as intents and nobody has filled, each with **Create offer** to post a matching lend offer

Category chips above the table (Featured, RWA, DeFi, Bridged, Memecoins, LSTs) filter the rows, and the **Filters** button refines further.

<Warning>
  Offers backed by low-liquidity tokens display a warning in the interface, both at offer creation and on the offer page: the collateral may be hard to sell at the indicated price if the lender receives it.
</Warning>

### Intents in the token market

Assets with active intents carry an intent badge, and the advertised liquidity appears under Available alongside onchain offers. This liquidity is not committed: it reflects terms that users have advertised off-chain. To act on it, create an offer matching those terms, as described in [Intents](/user-docs/earn/offerbook/intents).

***

## Collectibles

The market for non-fungible token (NFT) and trading card game (TCG) collateral. Offers are organised per individual item — one card, one open offer — except for PFP collections with a floor price, where lend offers can target the entire collection (collection offers).

* **Borrow view:** your collectibles become collateral — the Collectibles tab of the collateral selector lists the whitelisted collections, and selecting one surfaces the matching liquidity
* **Earn → Collectibles view:** a grid of individual items whose owners are asking for a loan, each with a **Lend** button showing the requested USDC amount. A sidebar filters by category (Trading Card Games, PFPs), APY, duration and loan amount; you can also search, restrict to a collection, or sort by best APY

### Eligible collateral

* **Whitelisted NFT collections** — shown as collection chips at the top of the page
* **Partner collectibles** — physical cards professionally graded, tokenised 1:1 by [Phygitals](https://www.phygitals.com) and [Collector Crypt](https://www.collectorcrypt.com), held in insured vaults and typically redeemable for shipment through the partner's platform

Partner items carry a read-only **Item details** panel on the offer page (grade, grader, cert number, category, language, link to the partner's platform). The loan mechanics are identical to any other NFT collateral; redemption of the physical card is handled entirely by the partner, outside of Offerbook.

### Defaults and claims

On default, the lender claims and receives the item itself, not its USDC value. The 0.1% transfer fee charged on token collateral does not apply to NFT collateral. See [Fees and Costs](/user-docs/earn/offerbook/fees-and-costs).

<Warning>
  Collectibles are less liquid than tokens, and the value of an individual item depends on its grade, rarity and resale market. As a lender, only lend an amount you would accept holding the item for, since a default leaves you with the card rather than the USDC.
</Warning>


# Multiply on Offerbook
Source: https://docs.jup.ag/user-docs/earn/offerbook/multiply

Loop stable yield-bearing assets or lever any collateral through Offerbook loans, with fixed terms and no liquidations

Multiply is the leveraged side of Offerbook, and it comes in two flavours, both built on regular Offerbook loans:

* **Yield loops** on stable yield-bearing assets, on the **Multiply** page of the header
* **Leveraged longs** on any collateral, from the **Leverage** tab of the Borrow view

Either way, the position follows the same rules as any loan — fixed terms, no price-based liquidations during the loan, and a hard maturity. What Multiply adds is the packaging: the position is opened against your USDC deposit, sized by a leverage multiple, and unwound as a whole.

<Warning>
  Leverage amplifies both gains and losses on the collateral asset. A Multiply position also remains a fixed-term loan: as the interface states, **close or repay within the term or you lose your deposit**. There are no price-based liquidations, but there is no way around maturity either. Opening and closing the position involve swapping between USDC and the collateral asset, which exposes both legs to slippage. The estimated APYs price in the expected cost of these swaps, but the slippage you actually get can differ.
</Warning>

## The Multiply page

The Multiply page lists the stable yield-bearing assets on the book as cards, in two views:

* **Available** (the default): the loops you can open right now, those that beat simply holding the asset and that lenders can fund, with swap costs priced into the estimate. Each card shows the asset price, its native yield, the estimated Multiply APY ("Est. Multiply APY up to 18.7%"), the USDC available, the term, and a **Multiply** button
* **All**: every stable yield-bearing asset on the book, including loops that do not currently beat holding and assets no lender has priced yet. Those are flagged "unlooped" with their native yield: the first lender sets the rate (**Post the first offer**)

## The asset page

Clicking an asset opens its page (for example **Multiply ONyc**), with header stats (native yield and its source, best estimated looped APY, maximum leverage, available liquidity, and a **Lend USDC** shortcut), an APY chart (average estimated APY, the asset's native APY, and the average borrow APY, over 24H, 7D or 30D), and the table of live offers usable for the loop: estimated APY, maximum leverage, borrow APY, duration, LTV, and available USDC.

<Note>
  Offers whose borrow cost exceeds the asset's yield show a **negative estimated APY**, flagged **Below holding**: at those terms, looping earns less than simply holding the asset. The table makes this explicit rather than hiding those offers.
</Note>

## Opening a loop

The **Multiply** tab of the widget on the asset page is where the position is opened:

* The selected offer's terms are summarized: estimated looped APY, the asset's native yield, the **borrow cost including fee** (an offer at 6% APY shows a 7.50% borrow cost, the all-in rate), the LTV, and the available liquidity
* **Slippage** presets (0.01%, 0.05%, 0.1%) control the tolerance on the entry swap
* **You deposit** USDC and click **Loop**: the position is opened at the offer's leverage

The reminder under the button states the deal plainly: close or repay within the term or you lose your deposit — no price-based liquidations. Once open, the position appears under **Dashboard > Positions**, in the **Looped** group of the Borrowing side.

## Leveraged longs from the Borrow view

The **Leverage** tab of the Borrow view opens a leveraged long on any collateral, not just yield-bearing assets: pick the **Asset to long** (leveraged with USDC), set **Your deposit** and the **Max leverage** slider, and take one of the best-leverage offers. If no offer matches, try a shorter minimum duration or another asset. The resulting position is a Multiply position like any other. See [Borrowing](/user-docs/earn/offerbook/borrowing).

## Closing or repaying a position

Multiply positions live under **Dashboard > Positions**, in the **Looped** group of the Borrowing side, with their PnL. Two ways out, from the row's actions:

* **Close** opens the Close position view: the collateral is swapped to USDC at market, the loan is repaid, and the remainder hits your wallet — in one wallet prompt. Before you confirm, the view recaps the position (APY, owed, time left), lets you set the exit-swap slippage (Auto, 0.01%, 0.05%, 0.1%), and shows what you deposited, what you receive (with a worst-case floor derived from the slippage) and the resulting PnL.
* **Repay** settles the loan like any other Offerbook loan: you repay the owed USDC yourself and keep the collateral asset.

## Lending on Multiply assets

Each asset page also has a **Lend** tab: lend USDC against the looped asset, at a fixed rate, secured by collateral that keeps accruing yield if it ever lands in your hands. The form sets the amount, the APY, the duration in days, and the minimum **LTV** the borrower must lock (higher LTV means deeper loops, less cushion).

The widget adds one loop-specific number, the **loop break-even rate**: price your offer below it and it becomes the top loop; above it, loopers earn more by simply holding the asset, and your offer competes on duration and LTV only. The ceiling starts from the asset's native yield and prices in the 25% fee on interest and the two swaps a borrower pays to open and close (simulated through Jupiter at current market depth, spread over the duration) — so longer durations raise it.

As the interface states when posting: you are posting an offer, not depositing. Your USDC only moves (and starts earning) when a borrower fills it, partial fills are allowed (minimum \$10), unfilled liquidity is withdrawable at any time, and the offer expires after 7 days at most, like any lend offer.

## What it costs

A Multiply position carries the economics of the underlying loan: the borrow cost displayed is all-in (offer APY plus the upfront fee), network fees and account rent apply, and the estimated looped APY nets out both the borrow cost and the expected cost of the open and close swaps; the net APY of an open position subtracts them too. See [Fees and Costs](/user-docs/earn/offerbook/fees-and-costs).


# Pro
Source: https://docs.jup.ag/user-docs/earn/offerbook/pro

The all-in-one Offerbook order book: both sides of the market and both intent books on a single screen

**Pro**, under **More** in the header, brings the whole order book onto a single screen: both sides of the market and both intent books, side by side. The mechanics are exactly the same as everywhere else on Offerbook — the same offers, intents and loans — only the presentation changes: denser, but with everything reachable from one place.

Use it to compare both sides of the market at a glance, spot the spread, and act on any offer or intent without switching views.

## The market at a glance

The strip at the top summarizes the market in five numbers:

| Stat | Meaning |
| - | - |
| Best borrow APY | The cheapest rate a borrower can take right now |
| Spread | The gap between the best borrow and best lend rates |
| Best lend APY | The highest rate a lender can earn right now |
| Open to borrow | Total USDC available in lend offers, with the offer count |
| Seeking funding | Total USDC asked by borrow requests, with the offer count |

## The four panels

The screen has one column per side of the market, each pairing the live offers with the intents you can act on from that side:

<CardGroup>
  <Card title="Borrow USDC" icon="arrow-down">
    The live lend offers you can take a loan from, with a **Borrow** button on each row and a **New borrow request** shortcut to create your own.
  </Card>

  <Card title="Lend USDC" icon="arrow-up">
    The live borrow requests you can fund, with a **Lend** button on each row and a **New lend offer** shortcut.
  </Card>

  <Card title="Lend intents" icon="signal-stream">
    Below Borrow USDC: terms advertised by lenders, not yet funded. **Match** starts the standard flow to post the matching borrow offer.
  </Card>

  <Card title="Borrow intents" icon="signal-stream">
    Below Lend USDC: terms advertised by borrowers, not yet funded. **Match** works the same way — see [Intents](/user-docs/earn/offerbook/intents).
  </Card>
</CardGroup>

Acting from Pro goes through the standard flows: **Borrow** and **Lend** open the usual offer confirmation ([Borrowing](/user-docs/earn/offerbook/borrowing), [Lending](/user-docs/earn/offerbook/lending)), and the shortcuts open the regular creation flows.

## Reading a row

Each offer row shows:

| Column | Meaning |
| - | - |
| Collateral | The asset and amount backing the loan, with its dollar value |
| APY | The annualized rate of the offer |
| Interest | The interest for the term in dollars, fee included (labelled "you pay" on the Borrow side) |
| LTV | The loan-to-value ratio of the offer |
| Term | The loan duration, with its due date |
| Available | The amount still fillable, with the fill progress (fully open, partially filled) |
| Expires | The time left before the offer lapses |

Intent rows show the advertised size and an approximate APY (their amounts are LTV-based and recalculated against live prices — see [Intents](/user-docs/earn/offerbook/intents)).

## Filters, sorting and customization

* **Collateral filters:** restrict the book to Tokens or NFTs, or pick specific assets with **+ Collateral**
* **Sort:** order the rows by collateral, APY, LTV, term, amount or expiry
* **Columns:** show or hide APY, Interest, LTV, Term, Available and Expires; **Reset columns** restores the default
* **Customize:** reorder the columns by dragging them


# Security & Risks
Source: https://docs.jup.ag/user-docs/earn/offerbook/security-and-risks

Risk model, what Offerbook removes and what remains, and audit information

Offerbook is a peer-to-peer lending protocol on Solana where users borrow or lend USDC against onchain collateral. This page covers the risk model: what types of risk Offerbook removes by design, what types of risk remain, and the specific considerations for borrowers and lenders.

Offerbook is a fully permissionless protocol. Anyone can participate: both borrowers and lenders publish offers with their own terms, expressing their intentions openly without restrictions or approval. There are no price oracles, no price-based liquidations, and no intermediaries.

This openness means that risk evaluation is the responsibility of each user. Offerbook removes price-based liquidation risk, but does not remove market risk.

***

## What Offerbook Removes

<CardGroup>
  <Card title="Price-based liquidation risk" icon="shield-check">
    Collateral is never liquidated due to market price movements during the loan. Even if the collateral loses 90% of its value mid-loan, nothing happens until maturity.
  </Card>

  <Card title="Oracle risk" icon="shield-check">
    Offerbook does not rely on price oracles for loan execution. No risk of oracle manipulation, stale price feeds, or oracle downtime affecting your loan.
  </Card>

  <Card title="Intraloan volatility risk" icon="shield-check">
    Price swings during the loan duration do not trigger margin calls, adjustments, or forced closures. Loan terms are immutable once the loan starts.
  </Card>
</CardGroup>

***

## What Remains

<CardGroup>
  <Card title="Collateral price uncertainty" icon="triangle-exclamation">
    The value of the collateral at maturity may be higher or lower than at loan creation. This risk exists for both sides.
  </Card>

  <Card title="Opportunity cost" icon="triangle-exclamation">
    Collateral is locked for the full loan duration. It cannot be used, traded, or withdrawn until the loan is resolved, regardless of market opportunities.
  </Card>

  <Card title="Counterparty-style exposure" icon="triangle-exclamation">
    Lenders are exposed to the quality and price trajectory of the collateral asset they accept. If the collateral is illiquid or volatile, the lender carries that risk.
  </Card>
</CardGroup>

***

## Risk for Borrowers

<Danger>
  If you do not repay by maturity, the lender can claim your entire collateral at any moment by signing a transaction. While you can technically still repay until the lender claims, do not rely on this window.
</Danger>

Key risk factors:

* **Repayment timing is your responsibility.** Use the calendar reminder added at offer acceptance, and enable notifications to receive a Loan due soon alert 2 hours before maturity (see [Settings & Notifications](/user-docs/earn/offerbook/settings-and-notifications)).
* **Full interest is always owed**, regardless of when you repay. Early repayment does not reduce the interest amount or fees.
* **Collateral is locked** for the full loan duration. You cannot access it until the loan is resolved, even if you find a better opportunity elsewhere.
* **The collateral transfer is not automatic.** If the lender does not claim immediately after maturity, the loan stays open and you can still repay. But this is at the lender's discretion.
* **Network congestion or transaction failures** at maturity can prevent you from repaying in time. Plan your repayment with a margin to account for potential delays.

***

## Risk for Lenders

<Warning>
  Collateral value is not monitored during the loan. If the collateral loses significant value before maturity, you may need to claim and sell an asset worth less than the USDC you lent.
</Warning>

Key risk factors:

* **A rational borrower may choose not to repay.** If the collateral's value drops below the borrowed amount, walking away can be the borrower's best move. Defaults are a normal outcome of the model, and the collateral is your only recourse: price this into the LTV and the rate you accept.
* **Higher LTV** (Loan-to-Value, the ratio between borrowed USDC and collateral value) increases the risk that collateral may not cover the lent amount if the borrower defaults.
* **Collateral liquidity** matters. If the collateral asset has low trading volume, selling it after claiming may result in slippage or losses.
* **Claiming is manual.** After maturity, if the borrower has not repaid, you must sign a transaction to receive the collateral. The transfer is not automatic. Claiming triggers the collateral transfer.
* **A 0.1% fee** is deducted from the collateral at transfer (no fee on NFT collateral).
* **Receiving the collateral token, not USDC.** If the borrower defaults, you receive the collateral itself. Selling it to recover USDC is a separate action, exposed to market conditions at that moment.
* **Evaluate the collateral** asset's volatility, market depth, and fundamentals before accepting an offer.

***

## Other Risks to Consider

### Smart Contract Risk

Offerbook is a smart contract protocol on Solana. As with any onchain protocol, there is residual risk that a bug, vulnerability, or exploit could affect funds. Offerbook has been audited (see [Audits](#audits)), but no audit guarantees the absence of all risks.

### Solana Network Risk

Offerbook depends on the Solana network. Network downtime, congestion, or fee spikes can affect your ability to:

* Repay a loan before maturity
* Claim collateral after maturity
* Create or accept offers
* Withdraw from your escrow

Always factor in network conditions when planning critical actions.

### Asset-Specific Risk

The collateral and lent assets are subject to their own risks (token contract risk, deauthorization, freezing, depegging for stablecoins, etc.). Verify the assets you interact with.

### Yield-Bearing Collateral

If your collateral is a yield-bearing token (such as a liquid staking token), the yield mechanics can affect the asset during the loan:

* Yield that accrues directly in the token value will grow during the loan.
* Yield that requires manual claiming may not be accessible while the collateral is locked.

***

## Off-chain Signatures

Some Offerbook actions are signed messages rather than transactions: posting, editing or cancelling an intent, and signing in to Chat or sending messages. These signatures cost nothing, move no funds and are never broadcast onchain. Ledger wallets sign an equivalent memo transaction instead, which is also never broadcast. Always read what your wallet asks you to sign: a legitimate Offerbook message signature never requests a token approval or a transfer.

<Note>
  Intents are public. The terms you advertise and the wallet that posted them are visible to anyone, and an intent may never result in a loan. See [Intents](/user-docs/earn/offerbook/intents#risks-and-limitations).
</Note>

***

## Key Principle

<Note>
  Offerbook shifts risk management from automated, price-based systems to user-defined, time-based terms. Both borrowers and lenders must evaluate their exposure before committing to a loan. There is no fallback if you misjudge the collateral, the duration, or the timing.
</Note>

***

## Audits

Offerbook has been audited by Cantina and Guardian.

* [Cantina Audit (May 21, 2026)](https://github.com/jup-ag/docs/blob/main/static/files/audits/offerbook-cantina-may-2026.pdf)
* [Guardian Audit (July 31, 2026)](https://github.com/jup-ag/docs/blob/main/static/files/audits/Offerbook-Guardian-Report-july-2026.pdf)


# Settings & Notifications
Source: https://docs.jup.ag/user-docs/earn/offerbook/settings-and-notifications

Configure notification channels, hardware wallet authentication, privacy mode, escrow auto top-up, and notification types on Offerbook

The Settings page (gear icon in the navigation header) is where you configure how Offerbook talks back to you and how your escrow behaves when you create offers. It has two tabs: General and Notifications.

The General tab manages notification channels, hardware wallet authentication, Privacy mode, and Escrow Settings. The Notifications tab lists all available notification types and lets you enable or disable them individually.

<Note>
  Settings first asks you to **Sign in to manage settings**: your notification preferences are tied to your wallet, so you approve a one-time signature to load them. It is free, never sends a transaction, and you are not asked again on the same device. You can then set your notification types before connecting any channel; notifications are delivered once a channel is connected, and a verified Email is enough on its own.
</Note>

***

## Notification Channels

Offerbook supports two notification channels: Telegram and Email. They are independent and can both be connected at the same time. A channel can be connected to multiple wallets.

Connecting a channel requires proving you own the wallet by signing a message (or a transaction, for hardware wallets — see [Hardware Wallet Authentication](#hardware-wallet-authentication)).

<Note>
  Changing your notification settings also requires an explicit sign-in. Each time you connect a new channel, change a setting, or toggle a notification type, the app asks for a wallet signature to protect your preferences from unauthorized changes.
</Note>

<AccordionGroup>
  <Accordion title="Connect Telegram">
    1. In **Settings → General**, click **Connect** next to Telegram.
    2. The app opens a signature request to authenticate you with Jupiter Notifications.
    3. After signing, you are redirected to the Telegram bot to link your account.

    Once linked, Telegram is shown as **Connected**. You can disconnect at any time.
  </Accordion>

  <Accordion title="Connect Email">
    1. In **Settings → General**, click **Connect** next to Email.
    2. Enter your email address and confirm.
    3. The app opens a signature request to authenticate the wallet.
    4. A verification email is sent to the address you provided.

    Once verified, Email is shown as **Connected**, and the address is displayed next to the channel with Edit and Disconnect controls.
  </Accordion>

  <Accordion title="Why is the same channel usable on multiple wallets?">
    A notification channel (Telegram or Email) is tied to a notification service account, not to a single wallet. Once authenticated, the same channel can be linked to additional wallets, allowing you to receive alerts for activity across all of them in one place.
  </Accordion>
</AccordionGroup>

***

## Hardware Wallet Authentication

Hardware wallets such as Ledger cannot sign arbitrary messages. To connect a notification channel from a hardware wallet, you need to enable an alternative authentication flow.

<AccordionGroup>
  <Accordion title="Enable hardware wallet mode">
    Before you sign in, turn on **Using a hardware wallet (Ledger)?** on the **Sign in to manage settings** screen. Once signed in, the same option appears in **Settings → General** as **I'm using a hardware wallet**, and applies when you connect a notification channel.

    With this toggle on, authentication uses a signed transaction instead of a signed message. The transaction is empty (no funds move and no state changes), but it still requires a small SOL balance to pay the network fee.
  </Accordion>

  <Accordion title="When to use this option">
    Enable it only if your wallet rejects message-signing requests. Software wallets such as Phantom or Solflare sign messages natively and do not need this toggle.

    Once enabled, the toggle persists across sessions. You can switch it off later if you change to a software wallet.
  </Accordion>
</AccordionGroup>

<Note>
  This setting applies to notification channel authentication. Chat has its own hardware-wallet sign-in flow using a memo transaction; see [Chat](/user-docs/earn/offerbook/chat#connecting-to-chat) for details.
</Note>

***

## Profile

You can set a public profile from the **Your Profile** dialog. It is optional and applies across Offerbook (Chat, Statistics, your Affiliate page).

* **Username** — 3 to 20 characters, letters, digits, `-` and `_`. Lets others reach you in [Chat](/user-docs/earn/offerbook/chat) by name instead of wallet address
* **Profile image** — pick one of the NFTs in your wallet
* **Social medias** — optional X and Telegram handles

Click **Save Profile** to apply. Saving works with hardware wallets such as Ledger.

***

## Privacy Mode

Turn on **Privacy mode** in **Settings → General** to hide your dollar amounts: portfolio totals, PnL and balances. Market data such as rates, offers and statistics stays visible. The setting is saved on the device you are using, so it is handy when sharing your screen.

***

## Escrow Settings

Escrow Settings control how your escrow is funded when you create an offer.

<Note>
  These two settings are visible in Settings but not yet active (greyed out). For now, the app always deposits the required assets from your wallet into the escrow as part of offer creation, as described below.
</Note>

<AccordionGroup>
  <Accordion title="Top up on Create Borrow Offer">
    The app automatically deposits the required collateral from your main wallet into your escrow when you create a borrow offer. Once this toggle becomes active, disabling it will let you fund the escrow manually instead.
  </Accordion>

  <Accordion title="Top up on Create Lend Offer">
    The app automatically deposits the required USDC from your main wallet into your escrow when you create a lend offer. Once this toggle becomes active, disabling it will let you fund the escrow manually instead.
  </Accordion>

  <Accordion title="What happens when filling an offer">
    Independently of these settings, filling an offer (i.e., accepting an existing offer rather than creating one) automatically pulls any missing funds from your wallet — only the minimum top-up needed is taken, so your wallet balance is not over-drained.
  </Accordion>
</AccordionGroup>

<Warning>
  Auto top-up only moves funds from your main wallet to your escrow. You always need sufficient SOL in your main wallet to cover transaction fees, regardless of these settings.
</Warning>

***

## Notification Types

Notification types are listed in the **Notifications** tab. Each can be toggled on or off independently. Notifications are grouped into two categories: Offers and Loans.

<Note>
  All notification types are enabled by default once at least one channel is connected. You can disable any of them individually, or use **Disable all** at the top of each group to turn the whole group off.
</Note>

### Offers

<AccordionGroup>
  <Accordion title="Offer accepted">
    A counterparty has accepted one of your open offers. The loan starts immediately at the offer terms.
  </Accordion>

  <Accordion title="Counter offer received">
    A counterparty has proposed a counter offer on one of your open offers. You can review it under the original offer and either accept the counter-offer terms (starting the loan) or ignore it. See [Counter Offers](/user-docs/earn/offerbook/counter-offers).
  </Accordion>

  <Accordion title="Offer expired">
    One of your open offers reached its expiration window without being filled. Offers expire after 1 to 7 days, depending on the expiration you set at creation.
  </Accordion>

  <Accordion title="Offer cancelled">
    An offer you created — or an offer you had matched against — has been cancelled.
  </Accordion>
</AccordionGroup>

### Loans

<AccordionGroup>
  <Accordion title="Loan due soon">
    One of your active loans is approaching its due date. This notification fires 2 hours before maturity, matching the in-app calendar reminder.
  </Accordion>

  <Accordion title="Loan repaid">
    A borrower has fully repaid one of your loans. The USDC (principal + interest, minus the 10% repayment fee) is now available in your escrow.
  </Accordion>

  <Accordion title="Loan extended">
    A borrower has extended one of your loans into a fresh period, paying you the closing period's interest. See [Loan Extensions](/user-docs/earn/offerbook/extensions).
  </Accordion>

  <Accordion title="Loan expired">
    A loan has passed its due date without repayment. The lender can now claim the collateral. As a borrower, you can still repay until the lender claims, but you should not rely on this window.
  </Accordion>

  <Accordion title="Loan defaulted">
    The collateral has been claimed on a defaulted loan. As a lender, the collateral has been transferred to your wallet (minus the 0.1% fee, where applicable). As a borrower, the loan is now closed and you have lost the collateral.
  </Accordion>
</AccordionGroup>

***

## Common Issues

<AccordionGroup>
  <Accordion title="Opening Settings asks me to sign">
    Settings shows **Sign in to manage settings**: your notification preferences are tied to your wallet, so you approve a one-time signature to prove ownership and load them. It is free, never sends a transaction, and you are not asked again on the same device. With a hardware wallet, turn on **Using a hardware wallet (Ledger)?** on the same screen so the sign-in uses a transaction instead of a message.

    Until you sign, the Settings controls stay disabled.
  </Accordion>

  <Accordion title="I added Email but I receive no notifications">
    Make sure the Email channel shows as **Connected** in the General tab (with your address displayed and Edit/Disconnect controls visible). If it still appears as Not connected, complete the verification step from the email you received. A verified Email is enough on its own: Telegram is not required.
  </Accordion>

  <Accordion title="My hardware wallet rejects the signature">
    Make sure **Using a hardware wallet (Ledger)?** is turned on, on the Settings sign-in screen, or **I'm using a hardware wallet** in Settings → General once you are signed in. With this enabled, authentication uses a signed transaction instead of a signed message, which is supported by all hardware wallets.
  </Accordion>
</AccordionGroup>


# Offerbook Statistics
Source: https://docs.jup.ag/user-docs/earn/offerbook/statistics

Understand the metrics displayed on the Offerbook Statistics page

The Statistics page, under **More** in the header, gives a real-time overview of Offerbook activity and performance: total value locked, liquidity, volume, loans, interest, and rankings of the most active assets and participants.

## Headline cards

The top of the page summarises the protocol in eight cards.

| Card | What it shows |
| - | - |
| Total Value Locked | Total value locked (TVL) across all Offerbook markets |
| Notional Liquidity | Value of currently active offers |
| Advertised Intents | Number of active intents and their advertised liquidity. See [Intents](/user-docs/earn/offerbook/intents) |
| Volume | Total volume since launch, and the volume of currently active loans |
| Offers | Number of offers currently open |
| Loans | Total number of loans since launch, and the number currently active |
| Interest | Interest already paid, and open interest accruing on active loans |
| Averages | Average annual percentage yield (APY) and average duration per loan |

## Volume chart and protocol breakdown

The Volume chart plots protocol volume over the last 7, 30 or 90 days, cumulative or daily. Next to it, the **Protocol Breakdown** panel repeats the key figures in one place: liquidity, total volume, active offers, total loans and active loans.

## Categories Offers Value

This section groups offer liquidity by token type, for example trading card games (TCGs), liquid staking tokens (LSTs), DeFi tokens and PFP collections. Selecting a category expands a per-asset table:

| Column | Meaning |
| - | - |
| Locked | Value currently locked for this asset |
| Active TVL | Value locked in active loans, with the number of loans |
| Active APY | Average rate of active loans on this asset |
| Supply | Value of open lending offers, with the offer count |
| Supply APY | Average rate asked by lenders |
| Demand | Value of open borrowing offers, with the offer count |
| Demand APY | Average rate offered by borrowers |

A time selector (1H to ALL) restricts the figures to the chosen window.

## Top Tokens on Offerbook

A ranking of the most active tokens, with notional liquidity, volume, APY, and the number of offers and loans for each. The same time selector applies, and the table is paginated.

## Top Participants

Two leaderboards rank the most active wallets over a selectable window (24H, 7D, 15D, 30D or ALL):

* **Top Lenders**, ranked by lending volume, with their number of loans
* **Top Borrowers**, ranked by borrowing volume, with their number of loans

Wallets appear under their shortened address, or under their chosen display name.

<Note>
  Statistics are aggregated server side and refresh periodically. Figures can lag live activity by a short interval, so counts on this page and badges elsewhere in the interface may briefly disagree.
</Note>


# Jupiter Rewards Hub FAQ
Source: https://docs.jup.ag/user-docs/earn/rewards-hub/faq

Frequently asked questions about the Jupiter Rewards Hub and the Trading Card Game.

## General

<AccordionGroup>
  <Accordion title="What is the Jupiter Rewards Hub?">
    The [Jupiter Rewards Hub](https://jup.ag/rewards) is a platform that hosts trading and referral campaigns across the Jupiter ecosystem. Each campaign has its own rules, eligibility criteria, reward pool, and timeframe.
  </Accordion>

  <Accordion title="What is the Trading Card Game (TCG)?">
    The TCG is the first campaign format on the Rewards Hub. Users earn trading points by swapping eligible token pairs on Jupiter. Points convert into cards, and each card is a lootbox that reveals a random rarity with a fixed reward amount. The TCG runs in seasons, each with its own dates, reward currency, and reward pool. See [How the TCG Works](/user-docs/earn/rewards-hub/trading-card-game) for a full breakdown.
  </Accordion>

  <Accordion title="Do rewards or points carry over between seasons?">
    No. Each season is independent. Points, cards, and referral links are specific to the season they were earned in.
  </Accordion>
</AccordionGroup>

## Eligibility

<AccordionGroup>
  <Accordion title="Where do I need to trade to be eligible?">
    You must trade on [jup.ag](https://jup.ag), Jupiter Wallet, or Jupiter Mobile. Trades made through partner platforms using Jupiter APIs are not eligible.
  </Accordion>

  <Accordion title="Which trading modes are eligible?">
    Ultra Mode and Limit Order V2 only. Manual Mode, Limit Order V1, and DCA are not eligible.
  </Accordion>

  <Accordion title="Which token pairs are eligible?">
    All pairs covered by the multiplier table are eligible. Tokens fall into one of seven categories: JUP/JLP, JupSOL, Stable, SOL, LST, Uncategorised, and New. Some pair directions earn cards, others earn 0. See the [multiplier table](/user-docs/earn/rewards-hub/trading-card-game#multiplier-table) for the full breakdown.
  </Accordion>

  <Accordion title="Can I use any wallet to trade?">
    Yes, you can trade with any Solana wallet. However, to reveal cards and claim rewards, you must use Jupiter Wallet or Jupiter Mobile. If you traded with another wallet, you can [import it into Jupiter Wallet](/user-docs/manage/extension-wallet/getting-started#importing-a-wallet) or Jupiter Mobile to access your rewards.
  </Accordion>
</AccordionGroup>

## Trading points and cards

<AccordionGroup>
  <Accordion title="What are trading points?">
    Trading points are an intermediary unit between your trading volume and cards. You earn points based on your volume and the pair's multiplier. Points are not the final reward. They convert into cards at a rate defined per season.
  </Accordion>

  <Accordion title="How do points convert into cards?">
    At a fixed rate per season. For example, in Season 2, the rate is 100,000 points per card. Points accumulate across swaps, but you can only reveal whole cards. If you have 150,000 points, you can reveal 1 card and the remaining 50,000 points carry over until you reach the next threshold. The rate can change between seasons. See the [current season details](/user-docs/earn/rewards-hub/trading-card-game#seasons).
  </Accordion>

  <Accordion title="What does it mean to 'reveal' a card?">
    Each card is a lootbox. When you reveal it, a rarity is randomly assigned based on fixed drop rates. Each rarity has a predetermined reward amount. The outcome is random and there is no guarantee of receiving any specific rarity.
  </Accordion>

  <Accordion title="What are the card rarities?">
    There are 5 tiers: Common, Premium, Rare, Mythical, and Legendary. Each has a fixed reward and drop probability that depend on the season.

    **Season 2 drop rates:**

    | Rarity | Reward | Drop rate |
    | - | - | - |
    | Legendary | 10,000 JupUSD | 0.001% |
    | Mythical | 100 JupUSD | 0.1% |
    | Rare | 25 JupUSD | 2.5% |
    | Premium | 5.00 JupUSD | 10% |
    | Common | 1.00 JupUSD | 87.399% |
  </Accordion>

  <Accordion title="Some pairs show a multiplier of 0. Does that mean the trade is not eligible?">
    No. A multiplier of `0` means the trade is eligible but earns no cards. This is different from `—` in the table, which means the trade is not possible (e.g., swapping a token to itself).
  </Accordion>

  <Accordion title="Why do some pairs earn more than others?">
    Multipliers vary by pair direction and reflect the fee structure of each pair. Generally, pairs involving New tokens carry the highest multipliers (5x), while pairs between similar categories (e.g., Stable to Stable) earn little or nothing.
  </Accordion>

  <Accordion title="What does 'New' mean in the multiplier table?">
    A token classified as New is one that was created within the last 24 hours, based on its creation time (not the first time it was traded). After 24 hours, the token moves to the Uncategorised category (or another named category if it qualifies).
  </Accordion>

  <Accordion title="What does 'Uncategorised' mean?">
    Uncategorised is a catch-all for any token that does not fall into the named categories (JUP/JLP, JupSOL, Stable, SOL, LST) and is not classified as New.
  </Accordion>
</AccordionGroup>

## Referrals

<AccordionGroup>
  <Accordion title="How do referrals work?">
    Share your referral link from the [Rewards Hub](https://jup.ag/rewards). When someone clicks your link and connects their wallet on an eligible Jupiter platform, they become your referral. You earn a percentage of their trading points, converted into cards for you.
  </Accordion>

  <Accordion title="Does my referral need to trade for me to earn rewards?">
    Connecting a wallet through your referral link is enough to establish the referral relationship. However, you only earn referral points when your referral earns trading points (i.e., when they trade eligible pairs).
  </Accordion>

  <Accordion title="What are the referral tiers?">
    The referral system has 3 levels of depth:

    | Level | Relationship | Points earned |
    | - | - | - |
    | Level 1 | Direct referral | 30% of their trading points |
    | Level 2 | Referred by your Level 1 | 3% of their trading points |
    | Level 3 | Referred by your Level 2 | 2% of their trading points |

    There is no cap on referral earnings.
  </Accordion>

  <Accordion title="What bonus do referred users get?">
    Users who join through a referral link receive a 10% bonus on the trading points they earn from their own trades, for the duration of the campaign.
  </Accordion>

  <Accordion title="Do referral cards and trading cards go to the same wallet?">
    Yes. Both accumulate on the same wallet and convert into cards together.
  </Accordion>

  <Accordion title="Why can't I enter a referral code, or why won't my referral link work?">
    Two rules commonly cause this:

    * **Your wallet was already referred.** The manual code-entry option is hidden once a wallet is linked to a referrer. Check the Referral Status section of your account to see whether you are already referred.
    * **Cyclic referral.** Two wallets cannot refer each other. If you see a "cyclic referral detected" error, have the other person connect with a different wallet to accept your link.
  </Accordion>
</AccordionGroup>

## ASR (Active Staking Rewards) claims

<AccordionGroup>
  <Accordion title="What is ASR?">
    Active Staking Rewards (ASR) are periodic rewards distributed to JUP stakers who participate in DAO governance. ASR claims are accessible through the Rewards Hub. For full details on how ASR works, see the [ASR documentation](/user-docs/more/dao/asr).
  </Accordion>

  <Accordion title="Where do I claim ASR rewards?">
    ASR rewards are claimed through the [Jupiter Rewards Hub](https://jup.ag/rewards): open the quarter's **Active Staking Rewards (ASR)** campaign card and select **View details** to reach the claim page. Each quarter has its own card (for example "Active Staking Rewards (ASR) Apr - Jun 2026").

    Claims stay open for a limited window after each quarter, not indefinitely. Once the campaign page shows that claims through the Rewards Hub have ended, a support ticket is the only remaining route, until the deadline displayed on that page; support sends the tokens to the main address of your staking wallet rather than to your staked balance. Rewards nobody claims are not distributed automatically. See [ASR claim period](/user-docs/more/dao/asr#claim-period).
  </Accordion>

  <Accordion title="I can't find the Rewards Hub or my ASR claim page">
    The Rewards Hub is accessible at [jup.ag/rewards](https://jup.ag/rewards) (also linked as **Rewards** in the jup.ag top bar). ASR claims live on the quarter's ASR campaign card. If you don't see your ASR rewards, make sure you're connected with the same wallet you used for JUP staking and DAO voting.
  </Accordion>

  <Accordion title="Which wallets can I use to claim ASR?">
    You can claim ASR rewards through the Jupiter web interface at [jup.ag](https://jup.ag) using any Solana wallet that supports transaction signing.
  </Accordion>

  <Accordion title="My ASR claim is failing. What should I check?">
    If your claim transaction fails, check the following:

    * **SOL balance:** claiming requires SOL to cover the transaction fee (gas). Make sure your wallet has enough SOL.&#x20;
    * **Correct wallet:** make sure you're connected with the wallet you used for JUP staking.
    * **Try the web interface:** if claiming fails on Jupiter Mobile, try claiming through [jup.ag](https://jup.ag) in a browser with the same wallet. Some wallet types may experience issues on Mobile.

    If the issue persists, contact support.
  </Accordion>
</AccordionGroup>

## Referrals: Rewards Hub (TCG) vs Spend

<AccordionGroup>
  <Accordion title="Are Rewards Hub referrals and Spend referrals the same thing?">
    No. These are two separate referral programs tied to different Jupiter products.

    * **Rewards Hub referrals (TCG):** you share a referral link from the [Rewards Hub](https://jup.ag/rewards). You earn a percentage of your referrals' trading points, which convert into TCG cards. The referred user gets a 10% trading points bonus. This only applies to TCG campaigns.
    * **Spend referrals:** part of the [Jupiter Spend](/user-docs/global/spend) program, operated by Jupiter Global. This is a separate cashback and referral system tied to the Jupiter Card and spending features. It has its own rules, reward currency, and structure.

    Earnings from one program do not transfer to or affect the other.
  </Accordion>

  <Accordion title="I was referred through a Spend link. Do I get TCG benefits?">
    No. A Spend referral link only applies to the Spend program. To receive TCG referral benefits (10% trading points bonus), you must join through a Rewards Hub referral link. The two systems are independent.
  </Accordion>
</AccordionGroup>

## Claiming TCG rewards

<AccordionGroup>
  <Accordion title="How do I claim my rewards?">
    You must reveal your cards and claim rewards through Jupiter Wallet or Jupiter Mobile during the claim period. If you traded with a different wallet, you can [import it into Jupiter Wallet](/user-docs/manage/extension-wallet/getting-started#importing-a-wallet) or Jupiter Mobile.
  </Accordion>

  <Accordion title="Is there a deadline to claim?">
    Yes. Each season has a claim period that ends after the campaign. Once the claim period closes, unclaimed rewards cannot be recovered. Check the [current season details](/user-docs/earn/rewards-hub/trading-card-game#seasons) for the exact deadline.
  </Accordion>

  <Accordion title="What currency are rewards paid in?">
    It depends on the season. Season 1 rewards were paid in USDC. Season 2 rewards are paid in JupUSD. The reward currency is always specified in the [season details](/user-docs/earn/rewards-hub/trading-card-game#seasons).
  </Accordion>
</AccordionGroup>


# Jupiter Rewards Hub Overview
Source: https://docs.jup.ag/user-docs/earn/rewards-hub/index

Overview of the Jupiter Rewards Hub and its campaign system.

The [Jupiter Rewards Hub](https://jup.ag/rewards) is a platform that hosts trading and referral campaigns across the Jupiter ecosystem.

Each campaign runs for a fixed period, with its own rules, eligible trading pairs, reward currency, and distribution method. Campaigns are independent from one another: eligibility, points, and rewards do not carry over between campaigns.

## What is a campaign?

A campaign is a time-limited program where users earn rewards by trading eligible pairs on Jupiter and/or referring other users. Each campaign defines:

* Which platforms and trading modes are eligible
* Which token pairs earn rewards, and at what rate
* How rewards are earned (trading points, cards, lootboxes)
* The reward currency and total pool
* How rewards are delivered: a claim window after the campaign ends, or an automatic airdrop for some campaigns

## Trading Card Game

The Rewards Hub currently hosts the **Trading Card Game (TCG)**, a recurring campaign with multiple seasons.

<CardGroup>
  <Card title="How the TCG works" icon="book-open" href="/user-docs/earn/rewards-hub/trading-card-game">
    Core mechanics: points, cards, referrals, eligibility, and season details.
  </Card>

  <Card title="FAQ" icon="circle-question" href="/user-docs/earn/rewards-hub/faq">
    Common questions about the Rewards Hub, the TCG, and how rewards work.
  </Card>
</CardGroup>


# Trading Card Game
Source: https://docs.jup.ag/user-docs/earn/rewards-hub/trading-card-game

Core mechanics of the Jupiter Trading Card Game — points, cards, lootboxes, referrals, eligibility, and season details.

The Trading Card Game (TCG) is a recurring campaign on the [Jupiter Rewards Hub](https://jup.ag/rewards). Users earn rewards by trading eligible token pairs and referring others. Each season has its own dates, reward pool, and reward currency, but the core mechanics described below apply across all seasons unless stated otherwise.

## Core flow

<Steps>
  <Step title="Trade eligible pairs">
    Swap eligible token pairs on an eligible Jupiter platform using an eligible trading mode.
  </Step>

  <Step title="Earn trading points">
    You earn points based on your trading volume and the pair's multiplier. Points are an intermediary unit, not the final reward.
  </Step>

  <Step title="Convert points into cards">
    Points convert into cards at a rate defined per season (e.g., 100,000 points per card in Season 2). Only whole cards can be revealed. Leftover points carry over until you reach the next threshold.
  </Step>

  <Step title="Reveal cards">
    Each card is a lootbox. When revealed, a rarity is randomly assigned based on fixed drop rates. Each rarity has a predetermined reward amount.
  </Step>

  <Step title="Claim rewards">
    Claim your rewards during the claim period through Jupiter Wallet or Jupiter Mobile.
  </Step>
</Steps>

***

## Trading points

Trading points are the intermediary unit between your trading volume and cards.

When you trade an eligible pair, you earn points based on:

* **Your trading volume** (in USD equivalent)
* **The pair's multiplier**, determined by the token categories of the tokens you're swapping

The more you trade and the higher the multiplier, the more points you accumulate.

Referred users receive a **10% bonus** on the trading points they earn from their own trades.

### Points-to-card conversion

Points convert into cards at a rate defined per season. Points accumulate across swaps. You can only reveal whole cards. If you have 150,000 points at a rate of 100,000 points per card, you can reveal 1 card. The remaining 50,000 points carry over until you reach the next threshold.

<Info>
  The points-to-card conversion rate can change between seasons. Check the [Seasons](#seasons) section for the current rate.
</Info>

***

## Token categories

Every token involved in an eligible trade is classified into one of these categories:

| Category | Definition |
| - | - |
| **JUP / JLP** | JUP token and JLP (Jupiter Liquidity Provider token) |
| **JupSOL** | Jupiter staked SOL |
| **Stable** | Stablecoins (fixed list per campaign) |
| **SOL** | Native SOL |
| **LST** | Liquid Staking Tokens (fixed list per campaign) |
| **Uncategorised** | <Tooltip>Any token not in the above categories and not classified as New</Tooltip> |
| **New** | <Tooltip>Tokens created within the last 24 hours</Tooltip> |

<Info>
  The Stable and LST categories are based on fixed token lists defined per campaign. Not all stablecoins or liquid staking tokens may be included.
</Info>

***

## Multiplier table

The multiplier determines how many trading points you earn per trade, based on the direction of the swap. A higher multiplier means more points per dollar of volume, which means faster card accumulation at the season's conversion rate.

The table below is expressed in \*\*cards per $10,000 of eligible volume**. To translate into points: multiply the table value by the season's points-per-card rate. For example, in Season 2 (100,000 points per card), a multiplier of 5 means 500,000 points per $10,000 traded.

**How to read the table:** rows are the token you're selling (From), columns are the token you're buying (To).

| From / To | JUP/JLP | JupSOL | Stable | SOL | LST | Uncategorised | New |
| - | - | - | - | - | - | - | - |
| **JUP / JLP** | 1 | 1 | 1 | 1 | 1 | 1 | 5 |
| **JupSOL** | 0 | — | 0.25 | 0 | 0 | 1 | 5 |
| **Stable** | 0 | 0 | 0 | 0.1 | 0.25 | 1 | 5 |
| **SOL** | 0 | 0 | 0.1 | — | 0 | 1 | 5 |
| **LST** | 1 | 0 | 0.25 | 0 | 0 | 1 | 5 |
| **Uncategorised** | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| **New** | 5 | 5 | 5 | 5 | 5 | 0 | 0 |

<Tabs>
  <Tab title="Reading the values">
    * A number (e.g., `1`, `5`, `0.25`) is the number of cards earned per \$10,000 in volume for that pair direction.
    * `0` means the trade is eligible but earns no cards.
    * `—` means the trade is not possible (swapping a token to itself).
  </Tab>

  <Tab title="Why are multipliers different per direction?">
    Multipliers are asymmetric. Swapping JUP/JLP to JupSOL earns 1 card, but JupSOL to JUP/JLP earns 0. This is by design and reflects the fee structure of each pair direction.
  </Tab>

  <Tab title="Why do New tokens have the highest multiplier?">
    New tokens (created within the last 24 hours) carry a 5x multiplier across most pairs. This is designed to incentivize trading newly launched tokens on Jupiter.
  </Tab>
</Tabs>

***

## Cards and lootboxes

Cards are the reward unit of the TCG. Each card works as a **lootbox**: when you reveal it, a rarity is randomly assigned based on fixed drop rates.

There are 5 rarity tiers. Each rarity has a fixed reward amount and a fixed drop probability. The reward currency and exact values are defined per season. See the [Seasons](#seasons) section for current rates.

<Warning>
  Card reveals are random. There is no guarantee of receiving any specific rarity. The drop rates are fixed probabilities, not quotas.
</Warning>

***

## Referral system

The TCG includes a referral program with 3 levels of depth. You earn a percentage of your referrals' trading points, converted into cards for you.

### How it works

<Steps>
  <Step title="Share your referral link">
    Get your link from the [Rewards Hub](https://jup.ag/rewards).
  </Step>

  <Step title="User connects through your link">
    The referred user clicks your link and connects their wallet on an eligible Jupiter platform. This is enough to establish the referral relationship.
  </Step>

  <Step title="Earn referral points">
    When your referral trades, you earn a percentage of their trading points based on the referral depth.
  </Step>
</Steps>

### Referral tiers

| Level | Relationship | Points earned |
| - | - | - |
| Level 1 | User you directly referred | 30% of their trading points |
| Level 2 | User referred by your Level 1 referral | 3% of their trading points |
| Level 3 | User referred by your Level 2 referral | 2% of their trading points |

<Note>
  There is no cap on the number of cards you can earn through referrals. Referral points and trading points accumulate on the same wallet and convert into cards together.
</Note>

### Bonus for referred users

Users who join through a referral link receive a **10% bonus** on the trading points they earn from their own trades, for the duration of the campaign.

***

## Eligibility

### Eligible platforms

* [jup.ag](https://jup.ag)
* [Jupiter Wallet](https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh)
* [Jupiter Mobile](https://jup.ag/mobile)

### Eligible trading modes

<Tip>
  Use **Ultra Mode** or **Limit Order V2** to earn TCG rewards.
</Tip>

### Not eligible

<Warning>
  The following are **not eligible** for TCG rewards:

  * Manual Mode
  * Limit Order V1
  * DCA (Dollar-Cost Averaging)
  * Trades through partner platforms using Jupiter APIs
</Warning>

### Wallets

You can trade using any Solana wallet. However, to reveal cards and claim rewards, you must use Jupiter Wallet or Jupiter Mobile. If you traded with another wallet, you can [import it into Jupiter Wallet](/user-docs/manage/extension-wallet/getting-started#importing-a-wallet) or Jupiter Mobile to access your rewards.

***

## Seasons

Each TCG season runs independently with its own dates, reward currency, pool, and conversion rate. Points, cards, and referrals do not carry over between seasons.

<Tabs>
  <Tab title="Season 2 (current)">
    | | |
    | - | - |
    | **Campaign period** | January 31, 2026 – March 31, 2026 |
    | **Claim period** | Until April 8, 2026 |
    | **Reward currency** | JupUSD |
    | **Points per card** | 100,000 trading points |

    ### Card rarities and drop rates

    | Rarity | Reward | Drop rate |
    | - | - | - |
    | Legendary | 10,000 JupUSD | 0.001% |
    | Mythical | 100 JupUSD | 0.1% |
    | Rare | 25 JupUSD | 2.5% |
    | Premium | 5.00 JupUSD | 10% |
    | Common | 1.00 JupUSD | 87.399% |
  </Tab>

  <Tab title="Season 1">
    | | |
    | - | - |
    | **Campaign period** | December 11, 2025 – January 31, 2026 |
    | **Reward pool** | \$1,000,000 |
    | **Reward currency** | USDC |
    | **Claim deadline** | February 7, 2026, 11:59 PM |

    ### Card rarities and drop rates

    | Rarity | Reward | Drop rate |
    | - | - | - |
    | Legendary | 10,000 USDC | 0% |
    | Mythical | 100 USDC | 0.1% |
    | Rare | 25 USDC | 2.5% |
    | Premium | 5.00 USDC | 10% |
    | Common | 1.00 USDC | 87.4% |

    Rates as displayed on the [Season 1 campaign page](https://jup.ag/rewards/jupiter-tcg-s1).
  </Tab>
</Tabs>


# Stake SOL FAQ
Source: https://docs.jup.ag/user-docs/earn/stake-sol/faq

Frequently asked questions about staking SOL with Jupiter Stake, native staking, and JupSOL.

Quick answers to common questions about Jupiter Stake. For more detail, see the [Overview](/user-docs/earn/stake-sol), [Native Staking](/user-docs/earn/stake-sol/native-staking), and [JupSOL](/user-docs/earn/stake-sol/jupsol) pages.

## General

<AccordionGroup>
  <Accordion title="What is Jupiter Stake?">
    Jupiter Stake is Jupiter's Solana validator. It lets you stake SOL on-chain through two options: native staking (direct delegation) or JupSOL (liquid staking token). The validator takes a 5% commission on inflation rewards and 0% on MEV.

    [Learn more →](/user-docs/earn/stake-sol)
  </Accordion>

  <Accordion title="What is the difference between Native Staking and JupSOL?">
    Both use the Jupiter validator and earn staking rewards, but the mechanics are different.

    | | Native Staking | JupSOL |
    | - | - | - |
    | What you hold | A native stake account | A liquid staking token |
    | Activation | Epoch-based (\~2 days) | Immediate |
    | Liquidity | Locked; epoch-based unlock (\~2 days) | Instant; trade or transfer anytime |
    | Rewards | Inflation + MEV | Inflation + MEV + priority fees |
    | DeFi composability | Collateral on Jupiter Lend only | Usable across DeFi protocols |
    | Commission | 5% inflation, 0% MEV | 5% inflation, 0% MEV. Additional 5% epoch fee on base rewards (Sanctum) |
  </Accordion>

  <Accordion title="Is there a minimum amount to stake?">
    No. There is no minimum staking amount on Jupiter Stake, for either native staking or JupSOL.
  </Accordion>

  <Accordion title="Is Jupiter Stake custodial?">
    No. All staking actions are executed on-chain, directly from your wallet. Jupiter does not take custody of your SOL.
  </Accordion>

  <Accordion title="Does Jupiter charge any commission or fees?">
    The Jupiter validator takes a 5% commission on inflation rewards and 0% on MEV, for both native staking and JupSOL. JupSOL has an additional 5% epoch fee charged by the Sanctum SPL Stake Pool Program (2.5% to Sanctum, 2.5% to Jupiter DAO treasury). This means JupSOL inflation rewards are subject to two fees: the validator's 5% commission and Sanctum's 5% epoch fee. Neither fee applies to MEV or priority fees.
  </Accordion>
</AccordionGroup>

## Native Staking

<AccordionGroup>
  <Accordion title="How long does it take for my native stake to activate?">
    Activation is epoch-based. Your stake becomes active at the start of the next Solana epoch. Epochs last approximately 2 days, so the wait depends on when in the current epoch you stake.
  </Accordion>

  <Accordion title="How long does native unstaking take?">
    Unstaking follows the same epoch schedule. When you deactivate your stake, it becomes available for withdrawal at the end of the current epoch (up to \~2 days). During this period, your SOL does not earn rewards.
  </Accordion>

  <Accordion title="What rewards do I earn with native staking?">
    You earn inflation rewards (standard Solana staking rewards) and MEV rewards. Both are auto-compounded into your stake account every epoch. No manual claiming is needed.
  </Accordion>

  <Accordion title="Where can I see my staking position and rewards?">
    On the Jupiter Stake page, the **Manage** tab shows your total staked SOL, the status of each stake account, total rewards earned, and a per-epoch rewards history.
  </Accordion>
</AccordionGroup>

## Native Staked Vaults

<AccordionGroup>
  <Accordion title="Can I use my natively staked SOL as collateral?">
    Yes. Through Native Staked Vaults on Jupiter Lend, your native stake account is represented as **nsJUPITER**, which appears within Jupiter Lend (not in your wallet as a regular token). You can use it in the nsJUPITER / SOL vault to borrow SOL.

    Staking rewards continue to accrue while your position is used as collateral. Only SOL can be borrowed. Multiply is not available.

    [Learn more →](/user-docs/earn/stake-sol/native-staking#native-staked-vaults)
  </Accordion>

  <Accordion title="What is nsJUPITER?">
    nsJUPITER is a yield-bearing token that represents your native stake account with the Jupiter validator. It is created through the Single Pool Program (a Solana Foundation program) and is visible only within Jupiter Lend.

    The amount of nsJUPITER you hold stays the same over time. Its value increases as staking rewards accrue on the underlying stake account.
  </Accordion>

  <Accordion title="What happens to my rewards when I use my stake as collateral?">
    Your staking rewards continue to accrue normally. As rewards accrue, the value of your nsJUPITER increases, which means you can borrow more SOL over time.
  </Accordion>
</AccordionGroup>

## JupSOL

<AccordionGroup>
  <Accordion title="How does JupSOL accrue value?">
    JupSOL uses an exchange-rate model. The JupSOL/SOL ratio increases over time as staking rewards, MEV rewards, and priority fees accrue to the pool. Your JupSOL balance stays the same, but each token becomes worth more SOL over time.
  </Accordion>

  <Accordion title="Why do I receive less than 1 JupSOL when depositing 1 SOL?">
    Because the JupSOL/SOL exchange rate has increased since launch. 1 SOL now converts to less than 1 JupSOL, but your JupSOL still represents the full value of your deposit plus future rewards.
  </Accordion>

  <Accordion title="Do I need to claim my JupSOL rewards?">
    No. Rewards accrue automatically by increasing the JupSOL/SOL exchange rate. There is nothing to claim.
  </Accordion>

  <Accordion title="Can I swap JupSOL back to SOL instantly?">
    Yes. You can swap JupSOL for SOL at any time through [Jupiter](https://jup.ag/) or any other exchange that supports it. If the swap route requires unwrapping JupSOL directly from the pool, a 0.1% withdrawal fee applies. Alternatively, you can use Delayed Unstake on Jupiter Stake (\~2 days) to avoid routing through the open market.
  </Accordion>

  <Accordion title="What is the difference between swapping for JupSOL and depositing via Jupiter Stake?">
    Swapping via the Jupiter aggregator routes through available liquidity pools and applies standard swap fees depending on the route. Depositing SOL directly via Jupiter Stake (JupSOL tab) stakes your SOL into the pool with no deposit fee. Both paths give you the same JupSOL token.
  </Accordion>

  <Accordion title="What is Delayed Unstake?">
    Delayed Unstake is available on [Jupiter Stake](https://jup.ag/stake) (JupSOL tab). Your JupSOL is converted into a stake account that needs to be deactivated before withdrawal. This takes approximately 2 days. Once complete, you can claim your SOL.
  </Accordion>

  <Accordion title="If I use JupSOL as collateral on Jupiter Lend, do I still earn staking rewards?">
    Yes. The JupSOL/SOL exchange rate increases regardless of where your JupSOL is held. Staking rewards continue to accrue even when JupSOL is deposited as collateral.
  </Accordion>

  <Accordion title="What is Sanctum's role in JupSOL?">
    JupSOL is built on Sanctum's SPL Stake Pool Program. Sanctum handles day-to-day management of the pool (delegation of deposited SOL). The program's upgrade authority is controlled by an 11-member multisig, not by Sanctum alone. Sanctum collects 2.5% of each epoch's base staking rewards as an infrastructure fee.
  </Accordion>

  <Accordion title="Can the management authority steal funds or raise fees without warning?">
    No. The management authority (held by Sanctum) cannot access user funds, even if compromised. Fee changes are capped by the program and require advance warning, giving users time to withdraw before any change takes effect.
  </Accordion>
</AccordionGroup>

## Risks

<AccordionGroup>
  <Accordion title="What are the risks of native staking?">
    * **Variable rewards**: APY is not fixed and depends on network and validator conditions.
    * **Epoch-based lock-in**: Both activation and unstaking follow the Solana epoch schedule (\~2 days).
    * **Validator risk**: If the Jupiter validator experiences downtime, rewards for that period may be reduced.

    If you use your staked position as collateral on Jupiter Lend, additional risks apply (liquidation, market risk). See [Native Staked Vaults](/user-docs/earn/stake-sol/native-staking#native-staked-vaults).
  </Accordion>

  <Accordion title="What are the risks of JupSOL?">
    * **Smart contract risk**: JupSOL relies on the SPL Stake Pool Program. While audited and battle-tested, no smart contract is guaranteed to be free of vulnerabilities.
    * **Market price deviation**: The market price of JupSOL can temporarily fall below its redeemable value, which could trigger liquidation if used as collateral.
    * **Liquidity risk**: During high market stress, available liquidity for swapping JupSOL to SOL may be reduced.
    * **Variable rewards**: Staking rewards fluctuate from epoch to epoch.
    * **Regulatory uncertainty**: The regulatory environment for liquid staking products continues to evolve.
  </Accordion>
</AccordionGroup>


# Stake SOL Overview
Source: https://docs.jup.ag/user-docs/earn/stake-sol/index

Stake SOL with Jupiter's Solana validator. Choose between native staking and JupSOL liquid staking.

Jupiter Stake is Jupiter's <Tooltip>Solana validator</Tooltip>. It lets you stake SOL directly on-chain and earn staking rewards, <Tooltip>MEV</Tooltip> rewards, and priority fees.

The Jupiter validator takes a **5% commission on inflation rewards** and **0% on MEV**. All actions are non-custodial and executed directly from your wallet.

<Card title="Jupiter Stake Guide on Jupiter Academy" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-stake">
  A step-by-step walkthrough of Jupiter Stake on Jupiter Academy. Covers how to stake, the differences between native staking and JupSOL, and how to manage your position.
</Card>

## Staking Options

Jupiter Stake offers two ways to stake SOL. Each option has different tradeoffs in terms of liquidity, lock-up, and composability.

| | Native Staking | JupSOL |
| - | - | - |
| What you hold | A native stake account | A <Tooltip>liquid staking token</Tooltip> (JupSOL) |
| Activation | <Tooltip>Epoch</Tooltip>-based (\~2 days) | Immediate |
| Liquidity | Locked; epoch-based unlock (\~2 days) | Instant; trade or transfer anytime |
| Rewards | Inflation + MEV, auto-compounded | Inflation + MEV + priority fees, reflected in JupSOL value |
| DeFi composability | Usable as collateral on Jupiter Lend only (via Native Staked Vaults) | Usable across DeFi protocols |
| Commission | 5% inflation, 0% MEV | 5% inflation commission, 0% MEV. Additional 5% epoch fee on base staking rewards (Sanctum infrastructure) |
| Unstaking | \~2 days (epoch-based) | Instant swap or \~2 days via Delayed Unstake |

<CardGroup>
  <Card title="Native Staking" icon="lock" href="/user-docs/earn/stake-sol/native-staking">
    Stake SOL directly with the Jupiter validator. Keep full ownership of your stake account. Use it as collateral on Jupiter Lend.
  </Card>

  <Card title="JupSOL" icon="coins" href="/user-docs/earn/stake-sol/jupsol">
    Get a liquid staking token that accrues value over time. Trade, transfer, or use it in DeFi without waiting.
  </Card>
</CardGroup>

For common questions about staking, unstaking, native staking, and JupSOL, see the [Stake SOL FAQ](/user-docs/earn/stake-sol/faq).


# JupSOL
Source: https://docs.jup.ag/user-docs/earn/stake-sol/jupsol

Liquid staking with the Jupiter validator. Earn staking rewards, MEV, and priority fees while keeping your SOL liquid.

JupSOL is a <Tooltip>**liquid staking token (LST)**</Tooltip> that represents SOL staked with the Jupiter validator. It is built on [Sanctum's SPL Stake Pool Program](https://learn.sanctum.so/docs/technical-documentation/sanctum-lsts).

Unlike native staking, JupSOL gives you a token you can hold, transfer, trade, or use in DeFi while your SOL remains staked and earning rewards.

**Contract address:** [`jupSoLaHXQiZZTSfEWMTRRgpnyFm8f6sZdosWBjx93v`](https://jup.ag/tokens/jupSoLaHXQiZZTSfEWMTRRgpnyFm8f6sZdosWBjx93v)

## What is a Liquid Staking Token?

A Liquid Staking Token (LST) is a token that represents staked SOL. When you stake SOL through an LST, your SOL is delegated to validators who secure the Solana network. In return, you receive a token that:

* Earns staking rewards automatically
* Can be traded, transferred, or used in DeFi
* Can be redeemed for the underlying SOL at any time

With [native staking](/user-docs/earn/stake-sol/native-staking), your SOL is locked until you unstake (\~2 days). LSTs remove this constraint by giving you a liquid token while your SOL remains staked.

## How JupSOL Accrues Value

JupSOL uses an **exchange-rate model**. The JupSOL/SOL ratio increases over time as staking rewards accrue to the pool.

* The number of JupSOL in your wallet **stays the same**
* Each JupSOL becomes redeemable for **more SOL** over time
* You do not need to claim rewards manually

<Info>
  Because the exchange rate has moved since launch, 1 SOL deposited today returns less than 1 JupSOL. This is expected. Your JupSOL still represents the full value of your deposit plus future rewards.
</Info>

## How to Get JupSOL

There are two paths to acquire JupSOL.

<Tabs>
  <Tab title="Deposit via Jupiter Stake">
    On the [Jupiter Stake page](https://jup.ag/stake), select the **JupSOL** tab. Deposit SOL directly into the pool and receive JupSOL in return.

    **No deposit fee** is charged on this path.
  </Tab>

  <Tab title="Swap via Jupiter">
    Swap any token for JupSOL using the [Jupiter aggregator](https://jup.ag/swap?outputMint=jupSoLaHXQiZZTSfEWMTRRgpnyFm8f6sZdosWBjx93v). The aggregator finds the best available route. Standard swap fees apply depending on the route.
  </Tab>

  <Tab title="Convert native stake">
    On the **Manage** tab of [Jupiter Stake](https://jup.ag/stake), convert an existing native stake account, in whole or in part, directly into JupSOL. There is no waiting period. See [Native Staking](/user-docs/earn/stake-sol/native-staking#stake-account-actions).
  </Tab>
</Tabs>

## Exiting JupSOL

There are three ways to exit JupSOL.

<Tabs>
  <Tab title="Instant swap">
    Swap JupSOL for SOL (or any other token) through [Jupiter](https://jup.ag/). This uses the aggregator and standard swap fees apply. If the route requires unwrapping JupSOL from the pool, a **0.1% withdrawal fee** applies.
  </Tab>

  <Tab title="Delayed Unstake">
    On [Jupiter Stake](https://jup.ag/stake) (JupSOL tab), use **Delayed Unstake**. Your JupSOL is converted into a stake account that needs to be deactivated before withdrawal. This process takes approximately **2 days** (one <Tooltip>epoch</Tooltip>). Once complete, you can claim your SOL. The resulting stake account must be at least 1 SOL.
  </Tab>

  <Tab title="Convert to native stake">
    On [Jupiter Stake](https://jup.ag/stake), convert JupSOL into a native stake account **instantly**. You keep earning staking rewards through a stake account you control directly instead of the pool, and can manage it from the [Manage tab](/user-docs/earn/stake-sol/native-staking#managing-your-stake). The resulting stake account must hold at least 1 SOL.
  </Tab>
</Tabs>

## Rewards

JupSOL holders earn yield from three sources. All rewards accrue automatically to the pool, increasing the JupSOL/SOL exchange rate. There is no manual claim.

| Source | Description |
| - | - |
| Staking rewards | Base inflation rewards from the Solana network, distributed each epoch (\~2-3 days). The Jupiter validator takes a 5% commission on these rewards. |
| <Tooltip>MEV</Tooltip> rewards | MEV kickbacks from the Jupiter validator. The validator takes no MEV commission. |
| Priority fees | The validator's priority fees on JupSOL's stake, added to the pool. |

The Jupiter validator takes a **5% commission on inflation rewards** and **0% on MEV**. JupSOL's share of priority fees goes to the pool.

## Fees

### Pool Fees

| Fee | Amount | Notes |
| - | - | - |
| SOL deposit fee | 0% | No fee to deposit SOL into the pool |
| Withdrawal fee | 0.1% | Applied when withdrawing SOL or a stake account from the pool. Also applies on swaps if the route requires unwrapping JupSOL. |
| Management fee | 0% | The SPL Stake Pool management fee, separate from the validator inflation commission below. |

### Validator Inflation Commission

The Jupiter validator takes a **5% commission on inflation rewards**.

The commission applies to inflation rewards only. MEV is not subject to a commission, and priority fees are unaffected.

### Sanctum Epoch Fee

A **5% fee on base staking rewards** is applied each epoch. This fee does **not** apply to MEV or priority fee rewards.

The 5% is split equally:

| Recipient | Share | Notes |
| - | - | - |
| Sanctum | 2.5% | Infrastructure provider |
| Jupiter DAO treasury | 2.5% | Not the Jupiter team |

This fee is standard across all LSTs deployed through Sanctum's SPL Stake Pool Program.

<Info>
  Two separate fees apply to inflation rewards: the validator's 5% commission and Sanctum's 5% epoch fee. Neither applies to MEV or priority fees.
</Info>

## Using JupSOL in DeFi

JupSOL is a standard SPL token and can be used across the Solana DeFi ecosystem. Here are the main integrations.

<AccordionGroup>
  <Accordion title="Jupiter Lend">
    You can supply JupSOL as collateral on [Jupiter Lend](https://jup.ag/lend/earn). Staking rewards continue to accrue while your JupSOL is used as collateral, since the JupSOL/SOL exchange rate keeps increasing regardless of where the token is held.
  </Accordion>

  <Accordion title="Other protocols">
    JupSOL can be used in lending platforms, liquidity pools, and other DeFi protocols that support it. Jupiter does not endorse or guarantee any third-party protocol.
  </Accordion>
</AccordionGroup>

## Security

### SPL Stake Pool Program

JupSOL is built on Sanctum's SPL Stake Pool Program (SanctumSplMulti deployment).

* Audited **9 times** by multiple security firms
* Has secured over **\$4B** in staked SOL across the ecosystem without exploits
* Separate from the <Tooltip>Single Pool Program</Tooltip> (Solana Foundation) used by [Native Staked Vaults](/user-docs/earn/lend/borrow/native-staked-vaults)

<Info>
  Audit reports are available in [Sanctum's documentation](https://learn.sanctum.so/docs/technical-documentation/sanctum-lsts#security).
</Info>

### Multisig Governance

The upgrade authority of the program is held by an **11-member multisig** with a **threshold of 6** (majority required).

Multisig members: Jito, Jupiter, Laine, Mango, MRGN, Solblaze, SolanaFM, and Sanctum.

The program address and multisig can be verified on [Solscan](https://solscan.io/account/SPMBzsVUuoHA4Jm6KunbsotaahvVikZs1JyTW6iJvbn#programMultisig).

### Management Authority

Day-to-day management of JupSOL (setting up the pool, delegating deposited SOL) is handled by Sanctum. Important constraints on the management authority:

* It **cannot steal funds**, even if compromised
* Fee changes are **capped** and require **advance warning**, giving users time to withdraw before any change takes effect

## Risks

<Warning>
  JupSOL, like all liquid staking tokens, carries risks. These should be understood before depositing.
</Warning>

<AccordionGroup>
  <Accordion title="Smart contract risk">
    JupSOL relies on the SPL Stake Pool Program. While audited 9 times and battle-tested with billions in value, no smart contract is guaranteed to be free of vulnerabilities.
  </Accordion>

  <Accordion title="Market price deviation">
    The market price of JupSOL can temporarily fall below its redeemable value (the amount of SOL you would receive by withdrawing from the pool). This is not a loss of underlying SOL. It typically happens during large sell-offs and is usually resolved by arbitrage. However, if you are using JupSOL as collateral on a lending protocol, a temporary price deviation could trigger liquidation.
  </Accordion>

  <Accordion title="Liquidity risk">
    During periods of high market stress, available liquidity for swapping JupSOL back to SOL may be reduced, potentially increasing slippage or making instant swaps temporarily less favorable.
  </Accordion>

  <Accordion title="Variable rewards">
    Staking rewards depend on validator performance and network conditions. They are not fixed and can fluctuate from epoch to epoch.
  </Accordion>

  <Accordion title="Regulatory uncertainty">
    The regulatory environment for staking and liquid staking products continues to evolve and may change.
  </Accordion>
</AccordionGroup>

## Resources

| Resource | Link |
| - | - |
| JupSOL token page | [jup.ag](https://jup.ag/tokens/jupSoLaHXQiZZTSfEWMTRRgpnyFm8f6sZdosWBjx93v) |
| Jupiter validator (Solana Beach) | [solanabeach.io](https://solanabeach.io/validator/CatzoSMUkTRidT5DwBxAC2pEtnwMBTpkCepHkFgZDiqb) |
| Jupiter validator (validators.app) | [validators.app](https://www.validators.app/validators/JupmVLmA8RoyTUbTMMuTtoPWHEiNQobxgTeGTrPNkzT?locale=en\&network=mainnet) |
| JupSOL on Sanctum | [app.sanctum.so](https://app.sanctum.so/explore/JupSOL) |
| JupSOL/SOL oracle | [Solscan](https://solscan.io/account/6uiicrzTUUA89U3hXXxawjokwycmcFQyHWgqKP17Up3k) |
| JupSOL/SOL Pyth feed | [Solscan](https://solscan.io/account/D7UqeBmCEmhGXGYfi2y9RfoCa7t1Xw5iZLBeYZ3sxFSe) |
| SPL Stake Pool Program (multisig) | [Solscan](https://solscan.io/account/SPMBzsVUuoHA4Jm6KunbsotaahvVikZs1JyTW6iJvbn#programMultisig) |
| Sanctum LST documentation | [learn.sanctum.so](https://learn.sanctum.so/docs/technical-documentation/sanctum-lsts) |
| Sanctum audit reports | [learn.sanctum.so](https://learn.sanctum.so/docs/technical-documentation/sanctum-lsts#security) |


# Native Staking
Source: https://docs.jup.ag/user-docs/earn/stake-sol/native-staking

Stake SOL directly with the Jupiter validator. Earn inflation and MEV rewards. Use your staked SOL as collateral on Jupiter Lend.

Native staking lets you stake SOL directly with the Jupiter validator through a <Tooltip>**native stake account**</Tooltip>. Your SOL remains in a stake account you own; it is not transferred to Jupiter.

The Jupiter validator takes a **5% commission on inflation rewards** and **0% on <Tooltip>MEV</Tooltip> rewards**. All actions are non-custodial and executed directly from your wallet.

## How to Stake

Follow these steps to stake SOL natively with the Jupiter validator.

<Steps>
  <Step title="Enter the amount of SOL to stake">
    On the **Native** tab of the [Jupiter Stake page](https://jup.ag/stake), enter the amount of SOL you want to stake. The minimum is 1 SOL: the form blocks amounts below this and explains the requirement before you submit.
  </Step>

  <Step title="Delegate to the Jupiter validator">
    Click **Delegate**. This creates a native stake account and delegates your SOL to the Jupiter validator.
  </Step>

  <Step title="Wait for activation">
    Your stake activates at the start of the next Solana <Tooltip>epoch</Tooltip>. Epochs last approximately 2 days, so the wait depends on when in the current epoch you stake.
  </Step>

  <Step title="Earn rewards">
    Once active, your stake earns rewards every epoch. Both inflation rewards and MEV rewards are auto-compounded into your stake account.
  </Step>
</Steps>

## Rewards

Staking with Jupiter Stake earns two types of rewards. Both are auto-compounded into your stake account every epoch. No manual claiming is needed. The validator takes a **5% commission on inflation rewards** and **0% on MEV**.

<AccordionGroup>
  <Accordion title="Inflation rewards">
    Standard Solana staking rewards, paid by the network to validators and their delegators at the end of each epoch. These rewards come from Solana's inflation schedule. The Jupiter validator takes a 5% commission on them.
  </Accordion>

  <Accordion title="MEV rewards">
    Additional revenue from Maximal Extractable Value (MEV). MEV refers to the extra value a validator can capture by optimizing the ordering of transactions within a block. Jupiter redistributes 100% of MEV rewards to stakers.
  </Accordion>
</AccordionGroup>

<Warning>
  Staking rewards are **variable**. The estimated APY displayed on the interface depends on network conditions, validator performance, and MEV activity. It is not fixed and not guaranteed.
</Warning>

## Unstaking and Unlock Period

Unstaking follows Solana's epoch schedule, not a fixed timer.

<Steps>
  <Step title="Initiate unstaking">
    Your stake begins deactivating.
  </Step>

  <Step title="Wait for the epoch to end">
    Deactivation completes at the end of the current epoch (up to \~2 days, depending on when you unstake). During the unlock period, your SOL **does not earn rewards**.
  </Step>

  <Step title="Withdraw your SOL">
    Once fully deactivated, you can withdraw your SOL from the **Manage** tab.
  </Step>
</Steps>

## Managing Your Stake

The **Manage** tab on the Stake page gives you an overview of your staking position.

| Field | Description |
| - | - |
| Your Total Staked | Total SOL currently staked, with USD equivalent |
| Status | Current state of each stake account (active, deactivating, or inactive) |
| Total Rewards | Cumulative rewards earned since staking started, in SOL and USD |
| Recent Rewards | Per-epoch reward history for each stake account, with pagination |
| Withdraw | Reclaim SOL from fully deactivated stake accounts |

### Stake Account Actions

Each stake account can be managed individually from the Manage tab:

* **Unstake (deactivate)**: begins deactivation, following the epoch schedule described above.
* **Reactivate**: restart a deactivating stake account without withdrawing.
* **Withdraw**: reclaim SOL from a fully deactivated account.
* **Split**: divide one stake account into two. Every stake account must hold at least 1 SOL, so both resulting accounts need to stay above that minimum.
* **Merge**: combine multiple compatible stake accounts into one, in a single flow.
* **Convert to JupSOL**: convert a stake account, in whole or in part, into [JupSOL](/user-docs/earn/stake-sol/jupsol) without waiting for deactivation.

The account list refreshes after every action. Around epoch boundaries, an action can temporarily fail while staking rewards are being distributed; this resolves once the epoch transition completes.

<Note>
  Stake accounts delegated to other validators also appear in the list, but the only action available for them is deactivation. Merging requires the accounts to be compatible with each other, and converting to JupSOL requires the stake account to be delegated to a validator in the JupSOL pool. These are Solana-level constraints, not restrictions added by Jupiter.
</Note>

## Risks and Limitations

The following risks apply specifically to native staking with Jupiter Stake.

<AccordionGroup>
  <Accordion title="Variable rewards">
    Staking APY fluctuates based on network conditions, validator uptime, and MEV activity. Past performance does not predict future returns.
  </Accordion>

  <Accordion title="Epoch-based lock-in">
    Both activation and deactivation follow the Solana epoch schedule (\~2 days). You cannot access your SOL during the unlock period.
  </Accordion>

  <Accordion title="Validator risk">
    If the Jupiter validator experiences downtime or poor performance, your rewards for that period may be reduced. Slashing risk on Solana is currently negligible, but the protocol allows for it.
  </Accordion>

  <Accordion title="Unstaking works at the stake account level">
    You unstake whole stake accounts. To unstake part of a position, split the stake account first, then deactivate one of the resulting accounts (each must keep at least 1 SOL).
  </Accordion>

  <Accordion title="Moving a stake to another validator requires unstaking">
    Solana no longer supports redelegating a stake account from one validator to another; the feature existed in the past and was disabled for security reasons. To move a stake delegated to another validator over to Jupiter, unstake it, wait for deactivation to complete at the end of the epoch, then stake again. The same applies in the other direction.
  </Accordion>
</AccordionGroup>

***

## Native Staked Vaults

Your natively staked SOL doesn't have to sit idle. **Native Staked Vaults** on Jupiter Lend let you borrow SOL against your staked position, without unstaking and without interrupting your staking rewards.

<Tip>
  This section covers the Native Staked Vaults functionality as it relates to Jupiter Stake. For the full Jupiter Lend documentation on Native Staked Vaults, see [Jupiter Lend — Native Staked Vaults](/user-docs/earn/lend/borrow/native-staked-vaults).
</Tip>

### How It Works

The following steps describe how to use your natively staked SOL as collateral on Jupiter Lend.

<Steps>
  <Step title="Stake SOL with Jupiter Stake">
    Stake your SOL with Jupiter Stake (or another supported validator). This creates a native stake account delegated to that validator.
  </Step>

  <Step title="A yield-bearing token represents your staked position">
    Your stake account is represented by **nsJUPITER**, a yield-bearing token created through the <Tooltip>Single Pool Program</Tooltip>. This token is not displayed as a regular asset in your wallet. It exists on-chain and is surfaced only within Jupiter Lend.
  </Step>

  <Step title="Borrow SOL on Jupiter Lend">
    Use nsJUPITER as collateral in the nsJUPITER / SOL vault to borrow SOL. Your staking rewards continue to accrue while your position is used as collateral.
  </Step>
</Steps>

### nsJUPITER: Yield-Bearing Representation

When you stake SOL with Jupiter Stake, your native stake account is represented within Jupiter Lend by **nsJUPITER**. This token is created by the **Single Pool Program**, a Solana program developed and maintained by the Solana Foundation. It converts a native stake account into a tokenized representation that can be used as collateral.

<Note>
  The amount of nsJUPITER you hold **stays the same** over time. Its **value increases** as staking rewards accrue on the underlying stake account. This also means you can borrow more SOL over time as your collateral value grows.
</Note>

The naming convention for all Native Staked Vaults is **ns + validator name**. For Jupiter Stake, it's nsJUPITER. Other supported validators follow the same pattern (e.g., nsHELIUS, nsKILN).

### Validator-Specific Vaults

Each Native Staked Vault is linked to a specific validator. Staked SOL from one validator can only be used in its corresponding vault.

Jupiter Lend supports several validators. The Jupiter Stake vault (nsJUPITER / SOL) is the primary one covered in this documentation.

| Validator | Vault |
| - | - |
| Jupiter Stake | nsJUPITER / SOL |
| Helius | nsHELIUS / SOL |
| Nansen | nsNANSEN / SOL |
| Blueshift | nsSHIFT / SOL |
| Kiln | nsKILN / SOL |
| Temporal | nsTEMPORAL / SOL |

Additional native staking vaults may be added over time.

### Contract-Based Pricing

Native Staked Vaults use **contract-based pricing**, not market-based pricing.

| Aspect | How it works |
| - | - |
| Collateral valuation | Derived directly from the underlying stake account balance |
| Liquidation logic | Based on the true staked value, not a market price feed |

### Borrowing

Once your nsJUPITER is visible in Jupiter Lend, you can use it as collateral in the nsJUPITER / SOL vault to borrow SOL. All borrowing actions are executed on-chain, directly from your wallet. Jupiter does not take custody of your assets or pool them.

<Warning>
  Native Staked Vaults support **borrowing SOL only**. Multiply is not available for these vaults.
</Warning>

### Risks Specific to Native Staked Vaults

These risks apply in addition to the general native staking risks listed above.

<AccordionGroup>
  <Accordion title="Liquidation risk">
    If the value of your collateral falls relative to your borrowed amount, your position may be liquidated. Monitor your health ratio regularly.
  </Accordion>

  <Accordion title="Market risk">
    Crypto market volatility can affect the value of your collateral and your borrowing position, even with contract-based pricing.
  </Accordion>

  <Accordion title="One vault per validator">
    Staked SOL from one validator can only be used in that validator's vault.
  </Accordion>
</AccordionGroup>

### Security and Audits

Native Staked Vaults rely on two standard Solana programs, both audited and widely used.

<AccordionGroup>
  <Accordion title="Stake Program (Validator Staking)">
    The native Solana program used to create and manage stake accounts. Part of Solana's core infrastructure, audited and battle-tested across the network.
  </Accordion>

  <Accordion title="Single Pool Program (Stake Account to nsTOKEN Conversion)">
    Handles the conversion from a native stake account to its yield-bearing representation (nsTOKEN). Deployed and maintained by the Solana Foundation. Shared across all supported validators and not specific to Jupiter.

    Audited three times:

    | Auditor | Date |
    | - | - |
    | Zellic | 2023-06-21 |
    | Neodyme | 2023-08-08 |
    | Zellic | 2024-01-02 |

    [Audit reports on GitHub](https://github.com/solana-program/single-pool/tree/main?tab=readme-ov-file#security-audits)
  </Accordion>
</AccordionGroup>

Jupiter Lend integrates these audited programs to allow native stake positions to be used as collateral. All staking, minting, and borrowing actions are executed on-chain, directly from the user's wallet, without custody or pooled asset management by Jupiter.


# App Features
Source: https://docs.jup.ag/user-docs/global/mobile/app-features

Search, scanning, dApp browser, notifications, widgets, and earning in Jupiter Mobile.

## Universal Search

Jupiter Mobile has a unified search that lets you find tokens, dApps, and wallet addresses from a single interface.

Tap the search icon (top right of the app), then enter a token name, contract address, dApp name, or wallet address.

## Magic Scan

Magic Scan ("Trade Anything. Scan Anything.") is a multi-purpose scanning tool that can:

* Scan tickers, token names, or contract addresses to trade them immediately.
* Scan wallet QR codes to send funds.
* Scan WalletConnect QR codes to connect to dApps.
* Process uploaded images with smart text detection.

To use Magic Scan, tap the **Scan** button on the home tab.

<Tip>
  Make sure Jupiter Mobile has permission to access your camera and photo gallery in your device settings.
</Tip>

## dApp Browser

The dApp browser lets you connect your Jupiter Mobile wallet to Solana dApps directly from the app.

<Steps>
  <Step title="Open browser">
    Tap the globe icon (top right of the app).
  </Step>

  <Step title="Find a dApp">
    Search for the dApp you want to use.
  </Step>

  <Step title="Connect">
    Connect your Jupiter Mobile wallet and interact with the dApp.
  </Step>
</Steps>

<Warning>
  Always verify the URL of the dApp before connecting your wallet. Phishing sites often use similar-looking URLs to trick users into signing malicious transactions.
</Warning>

You can allow transactions on selected sites to be signed without a prompt — see [Auto-Approve](/user-docs/global/mobile/managing-wallets#auto-approve).

## Radar (Notifications)

Radar is Jupiter Mobile's notification system. It provides push notifications for:

* Swaps, limit order fills, and recurring order fills
* Sends and Magic Link claims
* Updates from ecosystem projects (Meteora, Sanctum, Jito, and others)

<Tip>
  Make sure push notifications are enabled for Jupiter Mobile in your device's system settings to receive Radar alerts.
</Tip>

## iOS Price Widget

<Badge>iOS only</Badge>

Home-screen widgets are available on iOS only. Android does not currently support a Jupiter Mobile widget.

You can add a price widget to your iOS home screen that displays live token prices.

The widget supports two data sources:

* **Portfolio** — shows your top 3 tokens by portfolio value.
* **Watchlist** — shows your top 3 tokens from your Watchlist (managed via the star icon on tokens; see the Watchlist section of the home tab and the discovery tab).

<Steps>
  <Step title="Add widget">
    Long-press the Jupiter Mobile app icon on your home screen and select the widget option.
  </Step>

  <Step title="Choose data source">
    Pick either Portfolio or Watchlist as the data source. The widget updates automatically with live prices.
  </Step>
</Steps>

<Info>
  The Watchlist in Jupiter Mobile is local to the app and is not synced with the watchlist on the Jupiter website. Widget price updates are subject to iOS refresh constraints and may have a slight delay.
</Info>

## Earn

The **Earn** button on the home tab opens Jupiter Lend Earn Vaults, letting you deposit into [Jupiter Lend](https://jup.ag/lend/earn) directly from Jupiter Mobile. Each vault screen shows Deposited, Earnings, Total APY (Annual Percentage Yield), and Vault TVL (Total Value Locked), with **Deposit** and **Withdraw** actions. These values are dynamic and change with market conditions.

<Info>
  For details on how lending works, associated risks, and current rates, see the [Jupiter Lend documentation](/user-docs/earn/lend/index).
</Info>

## Refer

**Refer** lives on the Spend tab, through the **Rewards** tile ("Cashback & refer") or the **Refer and earn** banner. It is the Jupiter Spend referral program. The in-app copy states: "Refer 2 friends to bump your cashback to 4%, plus \$10 for every invite". It provides a referral code, a referral link, and a dashboard.

Using Refer requires a Jupiter Spend account. For the current terms, see [Spend rewards and referrals](/user-docs/global/spend/rewards-and-referrals).

## Campaigns

**Campaigns** (home tab → **More** → **Campaigns**) lists active and past campaigns and claims, including Active Staking Rewards (ASR). Campaign content is dynamic and changes over time.

<Warning>
  Claiming rewards requires a small amount of SOL for transaction fees. If you don't have enough SOL in your wallet, the claim transaction will fail.
</Warning>

<Info>
  For full details on rewards, tiers, and the Trading Card Game, see the [Rewards Hub documentation](/user-docs/earn/rewards-hub/index).
</Info>

## Clean Account

Clean Account (formerly Reclaim) lets you recover SOL locked in unused token accounts and empty accounts. When tokens are removed from your wallet, the associated token accounts may still hold a small rent deposit in SOL. Clean Account closes these accounts and returns the SOL to you.

Clean Account is reachable from the **Portfolio** tab: tap the **Clean your account** banner, or open **Manage Tokens** at the bottom of the token list and tap **Clean Account**, which shows how many accounts can be closed.

<Warning>
  The Clean Account prompt may appear as a notification within the app. If dismissed, the feature is still accessible from the Portfolio section, but the notification itself cannot be restored.
</Warning>


# Markets
Source: https://docs.jup.ag/user-docs/global/mobile/discovery

The Markets tab in Jupiter Mobile: tokens, tokenized stocks, commodities, watchlist, and token pages.

The **Markets** tab (bottom navigation) is where you find and track tokens, tokenized stocks, and commodities. At the top are three tabs, **Tokens** / **Stocks** / **Commodities**, plus a star (watchlist) filter.

<Tabs>
  <Tab title="Tokens">
    Filter pills **Trending** / **Top Traded** / **Alphascan**, time windows **24h** / **6h** / **1h** / **5m**, and a **Filter** button. Token rows show the price with its % change and Vol/Net figures, the token age, and verification badges.
  </Tab>

  <Tab title="Stocks">
    Tokenized stocks available on Solana, with issuer chips to filter the list (**All**, **xStocks**, **Backpack**, **PreStocks**, **Tessera**, and more), the same time windows, and the same columns as Tokens. For how these tokens work, see [Tokenized Stocks](/user-docs/trade/spot/tokenized-stocks).
  </Tab>

  <Tab title="Commodities">
    Tokenized commodities, mostly gold and silver products (for example GLDx, PAXG, XAUt0, SILV), with the same time windows and columns.
  </Tab>
</Tabs>

Alphascan is a real-time feed of token launches across Solana; see [AlphaScan](/user-docs/trade/spot/alphascan) for what it is and how it works.

Jupiter Lend Earn vaults are not a Markets tab: open them with the **Earn** button on the Home tab (see [Earn](/user-docs/global/mobile/app-features#earn)).

<Info>
  The former Cooking / New / Top Traded / Launchpad sections are replaced by this layout. "Cooking" remains as a News category on the home tab.
</Info>

## Watchlist

Tap the star icon next to a token name to add it to your watchlist; tap it again to remove it. Your watchlist appears in the Watchlist section of the Home tab and behind the star filter in the Markets tab.

<Tip>
  You can add up to 50 tokens to your watchlist.
</Tip>

## Token Pages

Selecting a token opens its page. The header shows the symbol with its verification badge, the token age and contract address (with a copy button), and buttons to watchlist, share, and open the ⋯ menu. Below the price and its change for the selected period sit **Mkt Cap**, **Liquidity**, **Holders**, and **Org. Score**, then the chart. **1m / 1h / 4h / 1D** set the candle interval, and **More** opens the full list (minutes, hours, days), where the star pins an interval to the row. On the right of the interval row, the **\$** icon shows or hides your own trades on the chart, as green **B** (buy) and red **S** (sell) bubbles with your **Avg. Buy** line, and the icon next to it changes the chart type. A **Buy** button stays pinned at the bottom.

The page has three tabs, plus a history icon:

* **Overview** — the token description, **Token Insights** (an AI-generated project summary), and the token's **News**: recent posts with an AI **TLDR** summary, and a way to report inaccurate content.
* **Terminal** — price changes over 5m / 1h / 6h / 24h, 24h volume, net volume, traders and net buyers with buy/sell ratios, then **Token Info** (circulating and total supply, FDV, liquidity, dev address and holding, freeze and mint authority) and **Holders** (holder count, top-10 concentration, and the largest holders with their share).
* **Live Feed** — a real-time list of trades (time, price, volume, amount, trader) that you can pause.

### Organic Score

The Organic Score is a metric derived from core indicators: holder count, trading volume, and liquidity. To improve reliability, the score is calculated using activity from real user wallets only (excluding bots and automated activity), tracked in real time.

<Info>
  The Organic Score is an informational metric. It is not an endorsement or investment recommendation.
</Info>

## Quick Buy

<Warning>
  Always verify the contract address before buying, especially for newly listed or unverified tokens.
</Warning>

## Token Verification

A green checkmark next to a token name indicates it has been verified by Jupiter. Verification means Jupiter has confirmed the token's identity to help protect traders from impersonators.

<Info>
  Verification is not an endorsement, investment signal, or guarantee of the token's value or safety.
</Info>


# Jupiter Mobile FAQ
Source: https://docs.jup.ag/user-docs/global/mobile/faq

Jupiter Mobile FAQ: wallets and recovery, funding, swaps and orders, portfolio, fees, and troubleshooting.

## Getting Started

<AccordionGroup>
  <Accordion title="How do I download Jupiter Mobile?">
    Jupiter Mobile is available on:

    * [Android (Google Play)](https://play.google.com/store/apps/details?id=ag.jup.jupiter.android)
    * [iOS (App Store)](https://apps.apple.com/us/app/jupiter-mobile/id6484069059)
    * Solana Seeker (available in the Seeker dApp store)
    * [Play Solana](https://x.com/jup_mobile/status/1925250675283554468)

    **Requirements:** iOS 17.0 or later, Android 9 or later.
  </Accordion>

  <Accordion title="How do I create my first wallet?">
    When you open Jupiter Mobile for the first time, the app walks you through wallet creation. You can choose between:

    * **Recovery phrase wallet** — a standard wallet secured by a 12 or 24-word <Tooltip>recovery phrase</Tooltip>. You must write this down and store it securely.
    * **Quick Account** — a social login wallet (Gmail, Apple, Google, Twitter, or Discord) that doesn't require a recovery phrase. A private key is generated and can be exported through the Jupiter website.

    For details on wallet types and management, see [Managing Wallets](/user-docs/global/mobile/managing-wallets).
  </Accordion>

  <Accordion title="How do I import an existing wallet?">
    During onboarding, choose the import option and enter your recovery phrase exactly as provided (same spacing, same capitalization). You can then select which wallets to import from that phrase.

    If you already have Jupiter Mobile set up, open the profile menu (top left) → **Switch** → **Add Account** and enter your recovery phrase.
  </Accordion>

  <Accordion title="How do I back up my wallet?">
    **Recovery phrase wallets:** Jupiter Mobile does not support cloud-based backups. Write down your recovery phrase and store it in a secure, physical location. This is the only way to recover the wallet if you lose your device.

    **Quick Accounts:** Export your private key through the Jupiter website at [jup.ag](https://jup.ag) and store it securely. See [Managing Wallets](/user-docs/global/mobile/managing-wallets#exporting-your-quick-account-private-key) for the full steps.

    In both cases, Jupiter cannot recover your wallet for you.
  </Accordion>

  <Accordion title="How do I get SOL or USDC into my wallet?">
    The **Deposit** button (Home or Portfolio tab) opens a sheet with three options:

    * **Buy with card:** "Buy with Credit card, Apple Pay & more" opens a Buy USDC flow with a fiat currency selector, quick amounts, and payment methods such as Apple Pay.
    * **Receive funds:** share your Solana address or QR code with someone who can send you tokens. Cross-chain deposits from Base, Arbitrum, or Sui are part of this flow.
    * **Phantom Connect:** deposit directly from a Phantom wallet.

    If you already hold other tokens, you can also swap them for SOL or USDC in the **Trade** tab.

    For details, see [Funding & Sending](/user-docs/global/mobile/funding-and-sending).
  </Accordion>
</AccordionGroup>

## General

<AccordionGroup>
  <Accordion title="Why is Jupiter Mobile not available in my country?">
    Jupiter Mobile is restricted in certain jurisdictions including the United States, China, and other sanctioned regions due to regulatory requirements. See the [Terms of Use](https://jup.ag/mobile/terms) for the full list.
  </Accordion>

  <Accordion title="Which tokens does Jupiter Mobile support?">
    Jupiter Mobile supports all Solana tokens, including SPL and Token-2022 tokens. Tokens that charge a transfer fee can be swapped and used in Limit and Recurring orders; the fee set by the token applies on every transfer. See [Swaps & Orders](/user-docs/global/mobile/swaps-and-orders#token-support-restrictions) for details.
  </Accordion>

  <Accordion title="How do I check my transaction history?">
    Open the **Portfolio** tab → **History**, or the Home tab → **More** → **History**. You can filter by type: **All**, **Swaps**, **Transfers**, **Limit**, or **Recurring**.
  </Accordion>

  <Accordion title="Can I send tokens to a .sol or .skr domain?">
    Yes. Jupiter Mobile supports both .sol and .skr domains as recipient addresses.
  </Accordion>

  <Accordion title="Can I send tokens to multiple addresses at once?">
    No. Jupiter Mobile currently supports sending to one address at a time.
  </Accordion>

  <Accordion title="Can I send swap or limit order output to a different wallet?">
    No. Swaps and limit orders are self-only: output tokens are always sent back to your own wallet. To send tokens to someone else, swap first, then use **Send**.
  </Accordion>

  <Accordion title="Can I change the display currency in Jupiter Mobile?">
    No. The main wallet displays all values in USD. Other currencies (EUR, GBP, AUD, etc.) are not available as display options.

    The Jupiter Spend balance has its own display currency selector (USD plus other currencies). See [Jupiter Spend](/user-docs/global/spend/index).
  </Accordion>
</AccordionGroup>

## Fees

<AccordionGroup>
  <Accordion title="What fees does Jupiter Mobile charge?">
    | Trade type | Fee |
    | - | - |
    | Sends | No protocol fee. Standard Solana tx fees apply. |
    | Gasless swaps/sends | Standard fee, increased by the SOL cost Jupiter covers (no extra fee) |
    | Limit and Recurring orders | 0.1% flat |

    The gas recovery is a fixed amount equal to the SOL costs Jupiter covers on your behalf, not a percentage of trade size. Larger trades have a lower effective percentage.

    Jupiter Mobile applies its own fee schedule to swaps placed natively in the app. The fee depends on the token pair (bps stands for basis points; 1 bps = 0.01%):

    | Pair | Fee |
    | - | - |
    | Stablecoin ↔ stablecoin, LST ↔ LST | 0% (0 bps) |
    | SOL or stablecoin → JUP, JLP, or jupSOL | 0% (0 bps) |
    | Jupiter Lend deposits and redemptions (e.g. USDC ↔ jlUSDC) | 0% (0 bps) |
    | SOL ↔ stablecoin | 0.1% (10 bps) |
    | LST ↔ stablecoin | 0.1% (10 bps) |
    | Bluechip token ↔ any token | 0.1% (10 bps) |
    | All other pairs | 0.2% (20 bps) |
    | Newly launched tokens (within 24h of token age) | 0.5% (50 bps) |

    LST stands for Liquid Staking Token (e.g. JupSOL, jitoSOL): tokens that represent staked SOL while remaining tradable.

    Categories follow Jupiter Ultra's classification: stablecoins (USDC, USDT, and similar), LSTs (jupSOL, jitoSOL, and similar), and bluechips (large-market-cap tokens). Jupiter maintains this classification and can change it.

    This schedule applies only to swaps placed natively in Jupiter Mobile. Swaps made through the in-app dApp browser, or on jup.ag on the web, follow the standard fee schedules of those products. See [Jupiter Mobile fees](/user-docs/global/mobile/fees) for the full recap.
  </Accordion>

  <Accordion title="What does &#x22;Fees Saved&#x22; mean?">
    "Fees Saved" is an estimate of how much you've saved by trading on Jupiter Mobile compared to other platforms. It's calculated automatically and is already reflected in the fees you paid. It cannot be claimed or withdrawn separately.
  </Accordion>
</AccordionGroup>

## Wallets & Security

<AccordionGroup>
  <Accordion title="What is a Quick Account?">
    A Quick Account is a wallet created through social login (Gmail, Apple, Google, Twitter, or Discord) instead of a recovery phrase. It's powered by Privy and designed for users who prefer a simpler setup.

    Quick Accounts do not have a recovery phrase. You can export your **private key** through the Jupiter website at [jup.ag](https://jup.ag) (not from within Jupiter Mobile). Connect via Social Login on the website, then tap the key icon in the mini-portfolio to retrieve it.

    <Danger>
      If you lose access to your social login, you lose the only way to retrieve your private key. Jupiter cannot recover it for you. It is strongly recommended to export and back up your private key.
    </Danger>

    You can create a Quick Account from the profile menu (top left) → **Switch** → **Add Account** → **Social Login**.

    For the full export walkthrough, see [Managing Wallets](/user-docs/global/mobile/managing-wallets#exporting-your-quick-account-private-key).
  </Accordion>

  <Accordion title="How do I export my recovery phrase or private key?">
    **Recovery phrase wallets:** Open the profile menu (top left) → **Switch** → **Manage Account** → **Show Recovery Phrase** or **Show Private Key**. Copy it and store it securely.

    **Quick Accounts:** You cannot export from Jupiter Mobile. Go to [jup.ag](https://jup.ag) in a browser, connect via Social Login, then tap the key icon in the mini-portfolio. See [Managing Wallets](/user-docs/global/mobile/managing-wallets#exporting-your-quick-account-private-key) for the full steps.

    <Danger>
      Anyone with your recovery phrase or private key has full control over your wallet. Never share it.
    </Danger>
  </Accordion>

  <Accordion title="Is there a limit to how many wallets I can add to Jupiter Mobile?">
    No. You can add as many wallets as you want: recovery phrases, private keys, watch-only wallets, and Ledger devices. The **Switch** list in the profile menu shows every wallet in the app. The 15-wallet limit (30 with Jupiter Sync) applies to wallet groups in [Jupiter Portfolio](/user-docs/manage/portfolio) on the web, not to the app. See [Switching Between Wallets](/user-docs/global/mobile/managing-wallets#switching-between-wallets).
  </Accordion>

  <Accordion title="How do I remove a wallet from Jupiter Mobile?">
    Open the profile menu (top left) → **Switch** → **Manage Account** → **Remove Account** and confirm. This removes the wallet from the app only. The wallet still exists onchain, and you can re-import it with the recovery phrase at any time.
  </Accordion>

  <Accordion title="How do I connect a Ledger to Jupiter Mobile?">
    Jupiter Mobile supports <Badge>Bluetooth only</Badge> Ledger devices (no USB). Make sure your Ledger is paired via Bluetooth in your phone settings, then open the profile menu (top left) → **Switch** → **Add Account** → **Ledger**.

    <Info>
      Only one Ledger device can be connected at a time. Make sure Blind Signing is enabled on your Ledger.
    </Info>
  </Accordion>

  <Accordion title="How do I set up PIN or biometric authentication?">
    Open the profile menu (top left) → **Settings** → **Security & Privacy** → **Biometric Authentication**. From there you can enable or manage your preferred authentication method.
  </Accordion>

  <Accordion title="How do I enable auto-approve for transactions?">
    Open the profile menu (top left) → **Settings** → **Security & Privacy** → **Signing & Permissions**, then toggle auto-approve for the site you want. It is supported for [Jupiter](https://jup.ag/) and [Meteora](https://meteora.ag/).

    <Warning>
      With auto-approve on, transactions on those sites are signed without a confirmation prompt, so you no longer get the chance to review each one before it is submitted.
    </Warning>

    See [Managing Wallets](/user-docs/global/mobile/managing-wallets#auto-approve) for the full walkthrough.
  </Accordion>

  <Accordion title="What is Jupiter ID?">
    Jupiter ID is a single login for Jupiter's onchain products and payment features. You can log in with email, Google, or Apple, and you can only be logged in to one Jupiter ID at a time; Discord & X are currently not supported as login options and will be logged out if you proceed. Identity verification through Jupiter ID is required to use Jupiter Spend features. See [Jupiter Spend](/user-docs/global/spend/index) for what Jupiter ID is and how verification works.
  </Accordion>

  <Accordion title="What does the green checkmark next to a token mean?">
    It means the token has been verified by Jupiter. Verification confirms the token's identity to help protect against impersonators.

    <Info>
      Verification is not an endorsement or investment signal.
    </Info>
  </Accordion>

  <Accordion title="Can I convert a watch-only wallet into a full wallet?">
    No. Watch wallets are view-only and cannot be converted. If you want to control the wallet, you need to import it separately using its recovery phrase or private key via the profile menu (top left) → **Switch** → **Add Account**.
  </Accordion>

  <Accordion title="I see tokens in my wallet that I never bought. What's going on?">
    Scammers sometimes send fake or duplicate tokens to wallets, hoping you'll interact with them. If you see an unrecognized token, tap on it, open the three-dot menu, and select **Hide**.

    <Danger>
      Do not try to swap or trade unknown tokens. Some are designed to drain your wallet when you approve a transaction.
    </Danger>
  </Accordion>

  <Accordion title="I see unauthorized transactions on my wallet. What should I do?">
    Your wallet may be compromised. Stop using it immediately and move all remaining funds to a new wallet with a fresh recovery phrase. Store your new recovery phrase securely, ideally offline.
  </Accordion>

  <Accordion title="What is address poisoning?">
    Address poisoning is a scam where attackers create wallet addresses that look very similar to addresses you frequently interact with. When you copy an address from your transaction history, you might accidentally select the scammer's address. Always double-check the full address before sending funds.
  </Accordion>

  <Accordion title="Why has my wallet been flagged?">
    Wallets may be flagged if they've interacted with sanctioned exchanges or addresses linked to suspected criminal activity (phishing, social engineering, etc.).

    If your wallet has been flagged, open a ticket at [support.jup.ag](https://support.jup.ag) so the team can review your case.
  </Accordion>
</AccordionGroup>

## Magic Links

<AccordionGroup>
  <Accordion title="What is a Magic Link?">
    A Magic Link lets you send tokens to anyone using a shareable link with a claim code. The recipient doesn't need to have a wallet yet. Unclaimed links expire after 7 days and tokens are returned automatically.

    For full details, see [Funding & Sending](/user-docs/global/mobile/funding-and-sending#magic-links).
  </Accordion>

  <Accordion title="How do I claim a Magic Link?">
    If you have Jupiter Mobile, tap the link. It opens the app and auto-fills the claim code. Confirm to receive the tokens.

    If you don't have the app yet, the link will prompt you to install it and set up a wallet first.
  </Accordion>

  <Accordion title="My Magic Link expired but tokens weren't returned. What do I do?">
    There may be an issue with your <Tooltip>ATA</Tooltip>. Open a ticket at [support.jup.ag](https://support.jup.ag) with your wallet address.
  </Accordion>
</AccordionGroup>

## Trading

<AccordionGroup>
  <Accordion title="What are the minimum amounts for Limit and Recurring orders?">
    | Order type | Minimum (USD equivalent) |
    | - | - |
    | Limit order | \$5 |
    | Recurring order | |
  </Accordion>

  <Accordion title="What is gasless swap / gasless send?">
    Gasless lets you swap or send tokens when you don't have enough SOL to cover transaction fees. It activates automatically when your SOL balance can't cover gas costs. Jupiter pays the SOL fees on your behalf and deducts the equivalent value from the tokens involved.

    Gasless carries no extra fee: Jupiter recovers the SOL it paid from the tokens involved. This is a fixed amount (not a % of trade size), so larger trades have a lower effective impact. Gasless is only available when this amount stays within 10% of the trade, so very small trades are not eligible.

    <Tip>
      Gasless is ideal for onboarding (e.g. receiving USDC and swapping without SOL). If you trade regularly, keeping a small SOL balance gives you access to lower fees.
    </Tip>
  </Accordion>

  <Accordion title="What does &#x22;No routes found&#x22; mean?">
    It means Jupiter couldn't find a viable swap path. Common causes: insufficient liquidity, trade size too large or too small, or trading restrictions on the token. Try adjusting the amount and check whether the token has real liquidity on Solana DEXs.
  </Accordion>

  <Accordion title="My transaction is stuck or reverted. What should I do?">
    1. Make sure you're on the latest version of Jupiter Mobile.
    2. Verify you have at least 0.01 SOL for transaction fees.
    3. Check that your internet connection is stable.
    4. Try switching wallets to see if the issue is wallet-specific.
    5. If using Ledger, try removing the Bluetooth pairing from your device settings and reconnecting.
    6. On Android, if signing fails or you get repeated signature prompts, switch from biometric to PIN under **Settings** → **Security & Privacy** → **Biometric Authentication**, then try again.
  </Accordion>

  <Accordion title="Why can't I sell my tokens?">
    Usually because:

    * The token account has been frozen by the creator (transfers are restricted).
    * Liquidity has been drained from the pool (the creator removed funds).

    In both cases, the tokens are not tradable. Jupiter cannot compensate for actions taken by token creators.
  </Accordion>

  <Accordion title="Can I place Limit or Recurring orders on Token-2022 tokens?">
    Yes. <Tooltip>Token-2022</Tooltip> tokens, including those that charge a transfer fee, are accepted on Limit and Recurring orders as well as on Market swaps. The fee belongs to the token, not to Jupiter, and applies each time the token moves: on the deposit, on each fill or buy, and when a cancellation returns your tokens. A creator can change the rate after you place the order. See [Token-2022 and transfer fees](/user-docs/trade/spot/limit-orders#token-2022-and-transfer-fees).
  </Accordion>
</AccordionGroup>

## App Features

<AccordionGroup>
  <Accordion title="How do I enable notifications?">
    Jupiter Mobile uses Radar for push notifications (swaps, order fills, Magic Link claims, ecosystem updates). Make sure notifications are enabled for Jupiter Mobile in your device's system settings.
  </Accordion>

  <Accordion title="Can I view my NFTs in Jupiter Mobile?">
    Yes. Open the **Portfolio** tab and select the **NFT** tile.

    <Info>
      Jupiter Mobile currently supports viewing NFTs only. Sending and trading NFTs are not available yet.
    </Info>
  </Accordion>

  <Accordion title="What is the Earn button?">
    The **Earn** button on the home tab lets you deposit SOL and stablecoins into [Jupiter Lend](https://jup.ag/lend/earn) directly from the app. For details on how lending works and associated risks, see the [Jupiter Lend documentation](/user-docs/earn/lend/index).
  </Accordion>

  <Accordion title="Why does the 1D P&L on my home tab differ from Holdings P&L?">
    They are two different indicators:

    * **Networth P\&L** (the 1D figure under your total balance on the home tab) covers your entire net worth, including tokens and DeFi positions (lending, perps, staking). The time window is ideally 24h but depends on the last snapshot stored in Jupiter's database. If the snapshot is older, the actual period is shown.
    * **Holdings P\&L** only covers token holdings (no DeFi positions) and uses a strict rolling 24h window.&#x20;

    Different scopes and windows mean the two numbers can differ. See [Portfolio](/user-docs/global/mobile/portfolio#pnl) for full details.
  </Accordion>

  <Accordion title="How do I use the dApp browser?">
    Tap the globe icon in the top right, search for the dApp, and connect your Jupiter Mobile wallet.

    <Warning>
      Always verify the URL before connecting to avoid phishing sites.
    </Warning>
  </Accordion>

  <Accordion title="I can't claim my rewards / ASR from Jupiter Mobile. What should I do?">
    Rewards and Active Staking Rewards (ASR) claims are accessible from the home tab → **More** → **Campaigns**.

    Common causes:

    * **Not enough SOL for gas.** Claiming requires a small amount of SOL to cover transaction fees. Make sure you have at least 0.01 SOL in your wallet.
    * **Non-Jupiter wallet.** Rewards must be claimed from the wallet that earned them. If you originally used a different wallet provider, try claiming from the Jupiter website at [jup.ag](https://jup.ag) instead.
    * **Persistent errors.** If you have enough SOL and the claim still fails, open a ticket at [support.jup.ag](https://support.jup.ag) with your wallet address.

    For full details on rewards and ASR, see the [Rewards Hub documentation](/user-docs/earn/rewards-hub/index).
  </Accordion>

  <Accordion title="Where is Clean Account (Reclaim SOL)?">
    Clean Account lets you recover SOL locked in unused token accounts. It's accessible from the **Portfolio** tab: tap the **Clean your account** banner, or open **Manage Tokens** at the bottom of the token list and tap **Clean Account**.

    <Info>
      The Clean Account prompt may appear as a notification. If dismissed, the feature is still accessible from Portfolio, but the notification won't reappear.
    </Info>
  </Accordion>
</AccordionGroup>

## Reporting a Bug

<Steps>
  <Step title="Update the app">
    Make sure you're on the latest version of Jupiter Mobile.
  </Step>

  <Step title="Submit a ticket">
    If the issue persists, submit a support request at [support.jup.ag](https://support.jup.ag) with:

    * Your wallet address
    * Device model and OS version
    * A description of the issue and steps to reproduce it
  </Step>
</Steps>

## Support

<CardGroup>
  <Card title="Jupiter Support" icon="headset" href="https://support.jup.ag">
    For all Jupiter Mobile issues.
  </Card>

  <Card title="MoonPay Support" icon="credit-card" href="https://support.moonpay.com/en/">
    For onramp delays, KYC, and payment issues.
  </Card>
</CardGroup>


# Jupiter Mobile Fees
Source: https://docs.jup.ag/user-docs/global/mobile/fees

All fees that apply when using Jupiter Mobile, with links to each product's detailed fee documentation.

This page recaps every fee that applies when using Jupiter Mobile, with links to each product's detailed fee documentation.

## Sends

Jupiter charges no protocol fee on sends; standard Solana transaction fees apply.

**Gasless Send:** when you don't have enough SOL to cover transaction fees, Jupiter pays them for you and recovers the equivalent value from the transfer; there is no extra fee. The amount is fixed, based on the SOL costs Jupiter covers, not a percentage of the transfer, so larger transfers see a lower effective percentage. Gasless is only available when this amount stays within 10% of the transfer. See [Funding & Sending](/user-docs/global/mobile/funding-and-sending) for details.

## Swaps (Native App)

Jupiter Mobile applies its own fee schedule to swaps placed natively in the app. The fee depends on the token pair (bps stands for basis points; 1 bps = 0.01%):

| Pair | Fee |
| - | - |
| Stablecoin ↔ stablecoin, LST ↔ LST | 0% (0 bps) |
| SOL or stablecoin → JUP, JLP, or jupSOL | 0% (0 bps) |
| Jupiter Lend deposits and redemptions (e.g. USDC ↔ jlUSDC) | 0% (0 bps) |
| SOL ↔ stablecoin | 0.1% (10 bps) |
| LST ↔ stablecoin | 0.1% (10 bps) |
| Bluechip token ↔ any token | 0.1% (10 bps) |
| All other pairs | 0.2% (20 bps) |
| Newly launched tokens (within 24h of token age) | 0.5% (50 bps) |

LST stands for Liquid Staking Token (e.g. JupSOL, jitoSOL): tokens that represent staked SOL while remaining tradable.

Categories follow Jupiter Ultra's classification: stablecoins (USDC, USDT, and similar), LSTs (jupSOL, jitoSOL, and similar), and bluechips (large-market-cap tokens). Jupiter maintains this classification and can change it.

<Info>
  This schedule applies only to swaps placed natively in Jupiter Mobile. Swaps made through the in-app dApp browser, or on jup.ag on the web, follow the standard fee schedules of those products. See [Spot fees](/user-docs/trade/spot/fees).
</Info>

## Limit and Recurring Orders

Limit orders and recurring orders each carry a 0.1% flat fee. See [Swaps & Orders](/user-docs/global/mobile/swaps-and-orders#fees) for minimum amounts and gasless behavior.

## Perps

Perps fees are shown as **Total Fees** when placing an order. See [Perps fees](/user-docs/trade/perps/fees) for the full schedule.

## Lend (Earn)

See the [Jupiter Lend documentation](/user-docs/earn/lend/index) for how deposits work, how rates are determined, and the associated risks.

## Jupiter Spend

Jupiter Spend has its own fees and limits; see [Spend fees and limits](/user-docs/global/spend/fees-and-limits).


# Funding & Sending
Source: https://docs.jup.ag/user-docs/global/mobile/funding-and-sending

How to receive, deposit, send tokens, and use Magic Links in Jupiter Mobile.

## Receiving Tokens

To receive tokens in Jupiter Mobile:

<Steps>
  <Step title="Open deposit">
    Tap **Deposit** (Home or Portfolio tab), then select **Receive funds**.
  </Step>

  <Step title="Share your address">
    Copy your Solana deposit address with the **Copy** button, or share the QR code with the sender via **Share**.
  </Step>
</Steps>

<Tip>
  You can also copy any account's address from **Account Center**: tap the account chip at the top of the screen, then the copy icon next to the address.
</Tip>

## Depositing Funds

The **Deposit** button (Home or Portfolio tab) opens a sheet with three options:

<Tabs>
  <Tab title="Buy with card">
    "Buy with Credit card, Apple Pay & more" opens a Buy USDC flow with a fiat currency selector (e.g. EUR), quick amounts, and payment methods such as Apple Pay.

    <Info>
      MoonPay charges fees based on your location, payment method, and the nature of the trade. Review their [pricing disclosure](https://www.moonpay.com/legal/pricing_disclosure) before purchasing.
    </Info>

    <Warning>
      MoonPay transactions may experience delays due to banks and intermediate payment providers. If funds haven't arrived after several hours, contact MoonPay support at [support.moonpay.com](https://support.moonpay.com/en/).
    </Warning>
  </Tab>

  <Tab title="Receive funds">
    "Deposit Solana • Bridge Base, Arbitrum or Sui" shows a QR code and your Solana deposit address with **Share** and **Copy** buttons, plus a **Claim Code** button used to claim [Magic Links](#magic-links).

    Cross-chain deposits from Base, Arbitrum, or Sui are part of this flow and arrive as USDC; see [Universal Deposit](/user-docs/onramp/deposit/universal-deposit). Ethereum is available on the web and in the extension, not in the app.
  </Tab>

  <Tab title="Phantom Connect">
    "Deposit directly from Phantom Wallet": connect your Phantom wallet, select the token and amount, and initiate the transfer.
  </Tab>
</Tabs>

## Sending Tokens

The **Send** button (Home or Portfolio tab) opens a sheet with three options: **Send to address** ("Send to a Solana address"), **Send to Spend** ("Send to your Spend account"), and **Magic Link** ("Send assets via a link or QR code").

<Steps>
  <Step title="Open Send">
    Tap **Send**, then **Send to address**.
  </Step>

  <Step title="Enter recipient">
    The flow starts with the recipient: paste an address, pick one of your **Favourites** or a recent address, or scan a QR code. Save the addresses you use often to Favourites to reach them faster next time.
  </Step>

  <Step title="Select token and amount">
    Choose the token and enter the amount, or use the quick amounts.
  </Step>

  <Step title="Confirm and send">
    Review the details (amount, token, address) and confirm.
  </Step>
</Steps>

Jupiter Mobile supports sending to **.sol** and **.skr** domains in addition to standard Solana addresses.

<Danger>
  Double-check the recipient address before sending. Some scammers create addresses that closely resemble ones you frequently interact with (<Tooltip>address poisoning</Tooltip>). Transactions on Solana are irreversible.
</Danger>

<Info>
  Sending to multiple addresses at once is not supported. Recent addresses are the ones you have already sent tokens to.
</Info>

### Send to Spend

**Send** → **Send to Spend** tops up your Jupiter Spend account with tokens from your wallet, without leaving the app. It requires a Spend account (Jupiter ID set up and verification completed). Your Spend balance is held in USD; see [Jupiter Spend](/user-docs/global/spend/index) for how deposits are credited.

If your funds are in Jupiter Mobile, this is the way to fund Spend. It picks the destination for you and accepts any token, so there is no wrong token to send. Keep the deposit address for funds coming from somewhere else, such as an exchange or another wallet, and send it USDC or USDT only.

You can use any token you hold, not only stablecoins:

* **USDC or USDT** goes in as a plain transfer, with no swap and no slippage.
* **Any other token** is swapped into USDC through Jupiter Ultra and delivered to your Spend deposit address in a single transaction. You pay the [Jupiter Mobile swap fee](/user-docs/global/mobile/fees#swaps-native-app) for that pair (0.1% from SOL, an LST, or a bluechip token, 0.2% for most other tokens) plus a small SOL network fee. Ultra sets the slippage automatically, and the summary screen shows the estimated amount, the minimum you will receive, and the price impact. If the swap would deliver less than that minimum, the transaction reverts and nothing leaves your wallet.

Either way, your balance is credited in USD. Because a converted deposit arrives as USDC, it can be withdrawn to fiat where withdrawals are available, unlike a USDT deposit.

<Danger>
  This is the only route that accepts tokens other than USDC and USDT. Your Spend deposit address does not: a token sent there is lost, the transfer cannot be reversed, and no one can recover it, support included. The same is true of transfers already made.
</Danger>

### Fees on Sends

Jupiter Mobile does not charge protocol fees for sending tokens. You only pay standard Solana transaction fees.

### Gasless Send

Gasless Send lets you transfer tokens when you don't have enough SOL to cover transaction fees. It kicks in automatically when your SOL balance can't cover gas costs. Jupiter pays the SOL fees on your behalf and deducts the equivalent value from the tokens you're sending.

<Info>
  Gasless is designed primarily for onboarding: you receive tokens (e.g. USDC) in a new wallet and can send them without needing to acquire SOL first.
</Info>

<Warning>
  Gasless transactions carry no extra fee: Jupiter recovers the SOL it pays from the transfer. Because that amount is fixed (not a percentage of your transfer), it weighs more on small transfers. Gasless is only available when this amount stays within 10% of the transfer, so very small transfers are not eligible.
</Warning>

<Tip>
  If you send tokens regularly, keeping a small SOL balance in your wallet gives you access to lower fees than gasless.
</Tip>

## Magic Links

Magic Links let you send tokens to anyone, including people who don't have a wallet yet. The sender creates a link with a claim code. The recipient uses this code to claim the tokens.

### Sending a Magic Link

From the **Send** sheet, choose **Magic Link** ("Send assets via a link or QR code"), select the token and amount, and create the link. Share the link or claim code with the recipient.

### Claiming a Magic Link

<Tabs>
  <Tab title="With Jupiter Mobile installed">
    1. Tap the Magic Link. It opens the app and auto-fills the claim code.
    2. Confirm to receive the tokens.

    You can also claim manually: go to **Deposit** → **Receive funds** → **Claim Code** and enter the claim code.
  </Tab>

  <Tab title="Without Jupiter Mobile">
    1. The link prompts you to install the app and set up a wallet.
    2. Once set up, either tap the link again or go to **Deposit** → **Receive funds** → **Claim Code** and enter the claim code manually.
  </Tab>
</Tabs>

### Cancelling a Magic Link

Unclaimed Magic Links expire automatically after **7 days** and tokens are returned to the sender's wallet.

To cancel a link before it expires, find the pending link and select **Revoke Code**. Tokens are returned to the wallet that created the link.&#x20;

### Checking Magic Link Status

Open the list of Magic Links created by your wallet and tap any link to see details including creation time and status (active, claimed, expired, or cancelled).&#x20;

<Info>
  The history sheet's filter tabs are **All** / **Swaps** / **Transfers** / **Limit** / **Recurring**; it no longer includes a Magic Links tab.
</Info>

<Tip>
  If you have Radar notifications enabled, you'll also receive a push notification when a Magic Link is claimed.
</Tip>

### Magic Link Troubleshooting

If a Magic Link expired but tokens weren't returned to your wallet, there may be an issue with your <Tooltip>ATA</Tooltip>. Open a ticket at [support.jup.ag](https://support.jup.ag) with your wallet address.


# Jupiter Mobile Overview
Source: https://docs.jup.ag/user-docs/global/mobile/index

What Jupiter Mobile is, where it runs, and what it supports.

Jupiter Mobile is a <Tooltip>self-custodial</Tooltip>, Solana-native wallet built by Jupiter. It provides direct access to Jupiter's core products (swaps, limit and recurring orders, perps, predictions, and lending) alongside wallet management, portfolio tracking, and a dApp browser for the broader Solana ecosystem.

The app is organized around a bottom navigation with five tabs: **Home**, **Markets**, **Trade**, **Portfolio**, and **Spend**.

## Supported Platforms

Jupiter Mobile is available on:

* **iOS** — requires iOS 17.0 or later
* **Android** — requires Android 9 or later
* **Solana Seeker** — available in the Seeker dApp store
* **Solana Saga**
* [**Play Solana**](https://x.com/jup_mobile/status/1925250675283554468) — Jupiter Mobile is the exclusive wallet provider for Play Solana

## Blockchain Support

Jupiter Mobile operates exclusively on Solana. It supports all Solana tokens, including SPL tokens. Interactions with other blockchains are not supported.

<Info>
  Token-2022 tokens that charge a transfer fee are accepted on swaps, Limit orders, and Recurring orders; the token's own fee applies on every transfer. See [Swaps & Orders](/user-docs/global/mobile/swaps-and-orders#token-support-restrictions) for details.
</Info>

<Warning>
  Users should not attempt to bypass regional restrictions using VPNs or other methods.
</Warning>

## Security Model

Jupiter Mobile is a **self-custodial wallet**. This means:

* Jupiter does not store your <Tooltip>recovery phrase</Tooltip>, private keys, or personal data.
* You are solely responsible for securing your recovery phrase.
* If you lose your recovery phrase and access to your device, your wallet cannot be recovered by Jupiter.

Jupiter Mobile relies on Jupiter's APIs and infrastructure for its core functionality. These have been audited by multiple independent firms. The full list of audit reports is available at [developers.jup.ag/docs/resources/audits](https://developers.jup.ag/docs/resources/audits).

<Info>
  Quick Accounts (social login) do not generate a recovery phrase. They use a private key that can only be exported through the Jupiter website, not from within Jupiter Mobile. See [Managing Wallets](/user-docs/global/mobile/managing-wallets#quick-accounts) for details.
</Info>

## Explore Jupiter Mobile

<CardGroup>
  <Card title="Managing Wallets" icon="wallet" href="/user-docs/global/mobile/managing-wallets">
    Create, import, secure, and manage your wallets.
  </Card>

  <Card title="Funding & Sending" icon="paper-plane" href="/user-docs/global/mobile/funding-and-sending">
    Receive, deposit, send tokens, and use Magic Links.
  </Card>

  <Card title="Swaps & Orders" icon="arrow-right-arrow-left" href="/user-docs/global/mobile/swaps-and-orders">
    Market swaps, Limit and Recurring orders, perps, and predictions.
  </Card>

  <Card title="Portfolio" icon="chart-pie" href="/user-docs/global/mobile/portfolio">
    The Home and Portfolio tabs, PnL, token visibility, and NFTs.
  </Card>

  <Card title="Markets" icon="magnifying-glass-chart" href="/user-docs/global/mobile/discovery">
    Tokens, tokenized stocks, commodities, watchlist, and token pages.
  </Card>

  <Card title="App Features" icon="grid-2" href="/user-docs/global/mobile/app-features">
    Search, dApp browser, notifications, and more.
  </Card>

  <Card title="Fees" icon="coins" href="/user-docs/global/mobile/fees">
    All fees that apply when using Jupiter Mobile.
  </Card>

  <Card title="FAQ" icon="circle-question" href="/user-docs/global/mobile/faq">
    Common questions and getting started guides.
  </Card>
</CardGroup>


# Managing Wallets
Source: https://docs.jup.ag/user-docs/global/mobile/managing-wallets

Creating, importing, securing, and managing wallets in Jupiter Mobile.

Jupiter Mobile is a <Tooltip>self-custodial</Tooltip> wallet that supports multiple wallet types: <Tooltip>recovery phrase</Tooltip> wallets, Quick Accounts (social login), watch-only wallets, and hardware wallets (Ledger).

## The Profile Menu and App Settings

Account management has two entry points at the top of the screen: the **avatar** (top left) opens the profile menu, and the **account chip** next to it opens [Account Center](#account-center). The profile menu contains:

* Your current account, with a **Switch** button.
* A **Jupiter ID** section: Verification Status (with states such as "Not started", "In Progress" and "Verified"), Manage, and Notifications.
* **Help & Support**: Settings, FAQ, Support.
* **Sign Out**.

Jupiter Spend is not in this menu: it lives on the Spend tab (card icon, bottom right of the app).

App Settings (profile menu → **Settings**) contains: Security & Privacy, Connected Apps, Preferred Explorer, Background Theme, Jupiter Sync, Help & Support, and About Jupiter. Security & Privacy holds [Biometric Authentication](#authentication-pin-/-biometrics) and [Signing & Permissions](#auto-approve).

## Account Center

Tap the account chip at the top of the screen to open **Account Center**. It shows your aggregated balance across accounts and lists every account grouped by source: **Jupiter ID** (Quick Accounts, with the Spend account marked by a card icon) and each **Seed Phrase** with the accounts derived from it. A **Type** filter narrows the list, each account has a **⋮** menu, and **Add Account** at the bottom creates or imports a new one.

## Jupiter ID

The profile menu contains a **Set up Jupiter ID** entry ("Unlock card and other features"). Jupiter ID is a single login for Jupiter's onchain products and payment features, and you can log in with email, Google, or Apple. You can only be logged in to one Jupiter ID at a time; Discord & X are currently not supported as login options and will be logged out if you proceed.

Jupiter ID identity verification (KYC, Know Your Customer) is required to use Jupiter Spend features. For what Jupiter ID is and how verification works, see [Jupiter Spend](/user-docs/global/spend/index).

## Creating a Wallet

When you install Jupiter Mobile for the first time, the onboarding flow guides you through wallet creation. You can choose between:

* **Recovery phrase wallet** — a standard Solana wallet secured by a recovery phrase.
* **Quick Account** — a social login wallet (see [Quick Accounts](#quick-accounts) below).

To create an additional wallet after setup:

<Steps>
  <Step title="Open the account switcher">
    Tap the account chip at the top of the screen to open **Account Center**.
  </Step>

  <Step title="Add account">
    Select "Add Account", then choose between:&#x20;

    * **New recovery phrase** — creates a new wallet with a fresh recovery phrase.
    * **Existing recovery phrase** — derives a new wallet from a recovery phrase already stored in the app.
  </Step>
</Steps>

<Danger>
  Jupiter Mobile is self-custodial and does not have access to your recovery phrase. If you lose it, Jupiter cannot recover your wallet. Write it down and store it in a secure, physical location.
</Danger>

## Importing an Existing Wallet

If you already have a Solana wallet and want to use it in Jupiter Mobile:

<Steps>
  <Step title="Open the account switcher">
    Tap the account chip at the top of the screen to open **Account Center**.
  </Step>

  <Step title="Import">
    Select "Add Account" and enter your recovery phrase. Make sure to enter it exactly as provided, with no changes to spacing or capitalization.&#x20;
  </Step>

  <Step title="Select wallets">
    Choose which wallets to import from the phrase.
  </Step>
</Steps>

If you're installing Jupiter Mobile for the first time, you can import during onboarding by choosing the "import existing wallet" option.

## Quick Accounts

Quick Accounts are wallets created through social login (Gmail, Apple, Google, Twitter, or Discord), powered by <Tooltip>Privy</Tooltip>. They don't require managing a recovery phrase, which makes them more accessible for new users.

To create a Quick Account:

<Steps>
  <Step title="Open the account switcher">
    Tap the account chip at the top of the screen to open **Account Center**.
  </Step>

  <Step title="Social login">
    Select "Add Account" → "Social Login", then choose your preferred provider and follow the prompts.&#x20;
  </Step>
</Steps>

### Exporting Your Quick Account Private Key

Quick Accounts do not have a recovery phrase. Instead, you can export your private key through the Jupiter website. This is **not possible from within Jupiter Mobile**.

<Steps>
  <Step title="Open Jupiter website">
    Visit [jup.ag](https://jup.ag) in a regular browser (not through Jupiter Mobile's dApp browser).
  </Step>

  <Step title="Connect via Social Login">
    Tap **Connect** in the top right and select the **Social Login** option. If prompted to use the Jupiter Wallet extension, choose "Continue to Social Login".
  </Step>

  <Step title="Choose your login method">
    Select the same method you used to create the Quick Account. If you used an email or wallet-based method (not Google), select **More Options** to find it. Enter a verification code if prompted.
  </Step>

  <Step title="Export private key">
    Once connected, tap your wallet address in the top right to open the mini-portfolio. At the top, tap the **key icon** (between Send and Disconnect) to retrieve your private key.
  </Step>
</Steps>

<Danger>
  Save your private key somewhere safe. If you lose access to your social login method, you also lose the only way to retrieve the private key for that wallet. Jupiter cannot help you recover it, as Quick Accounts are fully self-custodial.
</Danger>

## Backing Up Your Recovery Phrase

Jupiter Mobile does not support cloud-based backups. You must write down your recovery phrase and store it in a secure location, ideally offline.

This is the only way to recover a recovery phrase wallet if you lose access to your device.

<Info>
  This section applies to recovery phrase wallets only. Quick Accounts do not have a recovery phrase. See [Quick Accounts](#quick-accounts) for how to export your private key.
</Info>

## Authentication (PIN / Biometrics)

To enable or manage biometric authentication:

<Steps>
  <Step title="Open settings">
    Open the profile menu (top left) → **Settings**.
  </Step>

  <Step title="Security">
    Go to **Security & Privacy** → **Biometric Authentication** to configure your preferences.&#x20;
  </Step>
</Steps>

## Auto-Approve

Auto-approve lets Jupiter Mobile sign transactions on selected sites without showing a confirmation prompt each time. It is supported for [Jupiter](https://jup.ag/) and [Meteora](https://meteora.ag/).

<Steps>
  <Step title="Open settings">
    Open the profile menu (top left) → **Settings**.
  </Step>

  <Step title="Signing & Permissions">
    Go to **Security & Privacy** → **Signing & Permissions**, then toggle auto-approve per site.
  </Step>
</Steps>

<Accordion title="What does auto-approve do?">
  When enabled, transactions on the selected sites are signed automatically without a manual confirmation prompt. This speeds up the experience but removes the opportunity to review each transaction before submission. Only enable this if you understand the tradeoff.
</Accordion>

To review or revoke the sites your wallet is connected to, see [Managing Connected Apps](#managing-connected-apps).

## Switching Between Wallets

There are two ways to switch accounts:

* Open the profile menu (top left) → tap **Switch** → choose your account.
* Tap the account chip at the top center of the Home tab.

Each account has a name and a customizable emoji to identify it.

There is **no limit** to the number of wallets you can add to Jupiter Mobile: recovery phrases, private keys, watch-only wallets, and Ledger devices can all be added as many times as you want. The **Switch** list shows every wallet currently in the app, so it is also the place to check what you have added.

<Note>
  The 15-wallet limit (30 with Jupiter Sync) you may have seen elsewhere applies to wallet groups in [Jupiter Portfolio](/user-docs/manage/portfolio) on the web, not to the wallets stored in the app.
</Note>

## Watch-Only Wallets

Watch wallets let you view a wallet's portfolio balance, DeFi positions, and transaction history without being able to execute transactions. You cannot swap, send, deposit, or use Earn from a watch wallet.

<Steps>
  <Step title="Open the account switcher">
    Tap the account chip at the top of the screen to open **Account Center**.
  </Step>

  <Step title="Add watch account">
    Select "Add Account" → "Watch Account". Enter a name and the wallet address you want to monitor.&#x20;
  </Step>
</Steps>

<Info>
  A watch wallet cannot be converted into a full wallet. If you want to control the watched wallet, you need to import it separately using its recovery phrase or private key via **Add Account**.
</Info>

## Hardware Wallets (Ledger)

<Tabs>
  <Tab title="Setup">
    Jupiter Mobile supports <Badge>Bluetooth only</Badge> Ledger devices. USB-based Ledger devices are not compatible due to Ledger SDK limitations.

    <Steps>
      <Step title="Pair via Bluetooth">
        Make sure your Ledger is already paired with your phone in your system Bluetooth settings.
      </Step>

      <Step title="Connect in Jupiter Mobile">
        Open **Account Center** → **Add Account** → "Ledger". Select your device and continue.&#x20;
      </Step>
    </Steps>

    <Info>
      Only one Ledger device can be connected at a time.
    </Info>

    <Note>
      Ledger is the only hardware wallet supported on Jupiter Mobile. Other hardware wallets such as Trezor or Tangem cannot be connected in the app. On [jup.ag](https://jup.ag), Trezor is supported directly and Tangem can be connected via the QR (WalletConnect) option. See [Connecting on jup.ag](/user-docs/manage/connect-wallet).
    </Note>
  </Tab>

  <Tab title="Troubleshooting">
    If you're having trouble signing transactions with Ledger:

    * Make sure **Blind Signing** is enabled on your Ledger.
    * Try removing the Ledger pairing from your phone's Bluetooth settings and reconnecting.
    * If the issue persists, open a ticket at [support.jup.ag](https://support.jup.ag).
  </Tab>
</Tabs>

## Solana Seeker Setup (Seed Vault)

If you're using Jupiter Mobile on a Solana Seeker device, you can import an existing recovery phrase into the Seeker's <Tooltip>Seed Vault</Tooltip> and connect it to Jupiter Mobile.

<Tabs>
  <Tab title="1. Import into Seed Vault">
    <Steps>
      <Step title="Open Seed Vault">
        On your Seeker device, go to Settings → Seed Vault.
      </Step>

      <Step title="Add recovery phrase">
        Tap "Add a new seed phrase" → "Import from a wallet".
      </Step>

      <Step title="Enter recovery phrase">
        A secure screen will appear (screenshots are disabled on this screen). Enter your 12 or 24-word recovery phrase.
      </Step>

      <Step title="Set passcode and nickname">
        Create a passcode for this recovery phrase and set a nickname to identify it.
      </Step>
    </Steps>
  </Tab>

  <Tab title="2. Connect to Jupiter Mobile">
    <Steps>
      <Step title="Open Jupiter Mobile">
        Launch the app on your Seeker device.
      </Step>

      <Step title="Import wallet">
        Open **Account Center** → **Add Account** → "Import Account". Enter your recovery phrase and follow the prompts.&#x20;
      </Step>

      <Step title="Authorize">
        Follow the on-screen instructions to authorize the imported recovery phrase from your Seed Vault.
      </Step>
    </Steps>

    Once authorized, your wallet will appear in your account list and you can manage its assets from Jupiter Mobile.
  </Tab>
</Tabs>

<Danger>
  Never share your recovery phrase with anyone. Always store a backup in a secure, offline location.
</Danger>

## Removing a Wallet

<Steps>
  <Step title="Open the account switcher">
    Tap the account chip at the top of the screen to open **Account Center**.
  </Step>

  <Step title="Remove">
    Select **Manage Account** → **Remove Account** and confirm.&#x20;
  </Step>
</Steps>

The wallet is removed from Jupiter Mobile. This does not delete the wallet onchain. If you have the recovery phrase, you can re-import it at any time.

## Exporting Your Recovery Phrase or Private Key

This applies to recovery phrase wallets only. For Quick Accounts, see [Exporting Your Quick Account Private Key](#exporting-your-quick-account-private-key).

<Steps>
  <Step title="Open the account switcher">
    Tap the account chip at the top of the screen to open **Account Center**.
  </Step>

  <Step title="Manage account">
    Select **Manage Account**.&#x20;
  </Step>

  <Step title="Export">
    Choose **Show Recovery Phrase** or **Show Private Key**. Copy it and store it securely.
  </Step>
</Steps>

<Danger>
  Anyone with your recovery phrase or private key has full control over your wallet. Never share it and never store it in a place others can access.
</Danger>

## Customizing a Wallet

<Steps>
  <Step title="Open the account switcher">
    Tap the account chip at the top of the screen to open **Account Center**.
  </Step>

  <Step title="Customize">
    Go to **Manage Account** → **Customize Account**. You can rename your wallet and choose an emoji and background color to identify it.&#x20;
  </Step>
</Steps>

## Managing Connected Apps

To view and manage dApps connected to your wallet:

<Steps>
  <Step title="Open settings">
    Open the profile menu (top left) → **Settings**.
  </Step>

  <Step title="Connected apps">
    Select **Connected Apps** to see all dApps your wallet is connected to. You can disconnect individual dApps or select **Disconnect from all** to revoke all connections.
  </Step>
</Steps>

## Jupiter Sync (Mobile ↔ Desktop)

Jupiter Sync links Jupiter Mobile with the [Jupiter Wallet browser extension](/user-docs/manage/extension-wallet) on desktop. It works in both directions — **Mobile to Desktop** and **Desktop to Mobile** — and in both cases you scan a QR code displayed on the computer screen with your phone.

To bring your mobile wallet into the extension:

<Steps>
  <Step title="Open the extension">
    In the Jupiter Wallet extension, choose **Import an existing wallet** → **Jupiter Mobile**. A "Mobile to Desktop" QR code appears on the screen.
  </Step>

  <Step title="Open Jupiter Sync on your phone">
    In Jupiter Mobile, open the profile menu (top left) → **Settings** → **Jupiter Sync**, and select **Mobile to Desktop**.
  </Step>

  <Step title="Scan the QR code">
    Scan the QR code shown on your computer screen to complete the sync.
  </Step>
</Steps>


# Portfolio
Source: https://docs.jup.ag/user-docs/global/mobile/portfolio

Balances, the Home and Portfolio tabs, PnL, token visibility, and NFTs in Jupiter Mobile.

Jupiter Mobile tracks your total net worth by combining liquid token balances with DeFi (decentralized finance) positions across the Solana ecosystem. Close to every protocol on Solana is tracked, and the list is maintained manually by the Jupiter portfolio team.

Your portfolio lives in two places: the **Home** tab and the **Portfolio** tab.

## Home Tab

The **Home** tab is the app's starting screen. From top to bottom:

* **Avatar** (top left): opens the profile menu (Jupiter ID, settings, help and support, sign out). See [Managing Wallets](/user-docs/global/mobile/managing-wallets).
* **Account chip** (top center): the current account's name. Tap it to open **Account Center**, where you switch between accounts and add new ones. The search and dApp browser icons sit to the right.
* **Total balance** with a 1D P\&L (profit and loss) figure below it. This is the Networth P\&L; see [PnL](#pnl) below.
* **Action buttons** (eight): **Send** / **Deposit** / **Scan** / **Swap** and **Earn** / **Gacha** / **Perps** / **More**.
* **Watchlist**: tokens you starred (star icon on tokens), with price, market cap, and 24h change.
* **Portfolio**: your top holdings, with a shortcut to the Portfolio tab.
* **News**: see below.

### News

The News section shows an update timestamp and the tabs Spotlight / Cooking / RWA (Real World Assets) / DeFi / Meme. Entries include macro news and per-token news with verification badges.

<Info>
  News content is informational only. It is not an endorsement or investment recommendation.
</Info>

## Portfolio Tab

The **Portfolio** tab shows your total balance with its 1D change, the buttons **Send** / **Deposit** / **History**, and three tiles that switch the list below: **Tokens** (count and value), **DeFi** (positions and value), and **NFT** (item count). A **Clean your account** banner appears when SOL can be reclaimed from empty token accounts (see [Clean Account](/user-docs/global/mobile/app-features#clean-account)).

The **History** button opens the history sheet, with the filter tabs **All** / **Swaps** / **Transfers** / **Limit** / **Recurring**.

## PnL

Jupiter Mobile shows P\&L in two different ways:

**Networth P\&L** is the 1D figure displayed under your total balance on the home tab. It compares your current total net worth to the last known snapshot stored in Jupiter's database. The scope includes everything tracked: liquid tokens and DeFi positions (lending, perps, staking, etc.).

The time window is ideally **24 hours**, but it depends on when the last snapshot was recorded. If the previous snapshot is older (2 days, 3 days, etc.), the app indicates the actual period covered.

**Holdings P\&L** only covers token holdings (no DeFi positions) and uses a strict **rolling 24-hour window**.&#x20;

<Info>
  Networth P\&L and Holdings P\&L can show different numbers because they cover different scopes and time windows. If you want a strict 24h view of your tokens only, use Holdings P\&L. For a complete picture including DeFi positions, use Networth P\&L.
</Info>

## Managing Token Visibility

Some low-liquidity or unverified tokens are hidden by default to reduce spam. To manage which tokens are visible:

<Steps>
  <Step title="Open token manager">
    Scroll to the bottom of your token list and select **Manage Tokens**. The sheet has a search field, a **Show All** filter, and a **Clean Account** button.
  </Step>

  <Step title="Toggle visibility">
    Tap the eye icon next to any token to hide or unhide it.
  </Step>
</Steps>

## Spam Tokens

Scammers sometimes send fake or duplicate tokens to wallets, hoping users will interact with them. If you see an unrecognized or unverified token, tap on it, open the three-dot menu, and select **Hide**.

<Danger>
  Do not attempt to swap or interact with unknown tokens. Some are designed to drain your wallet when you approve a transaction.
</Danger>

## NFTs

You can view your NFTs (non-fungible tokens) from the **NFT** tile on the Portfolio tab.

<Info>
  Jupiter Mobile currently supports viewing NFTs only. Sending and trading NFTs are not available yet.
</Info>


# Swaps & Orders
Source: https://docs.jup.ag/user-docs/global/mobile/swaps-and-orders

Trading in Jupiter Mobile: Market swaps, Limit orders, Recurring orders, perps, and predictions in the Trade tab.

Jupiter Mobile provides access to Jupiter's trading products directly from the app. The **Trade** tab (bottom navigation) has up to three top tabs: **Swap**, **Perps**, and **Predictions**. Predictions availability depends on your region: where it is not available, the Trade tab only shows Swap and Perps. This page covers how to use these features within Jupiter Mobile, including mobile-specific behavior, fees, and limitations.

<Info>
  Swaps and orders are self-only: output tokens are always sent to your own wallet. You cannot specify a different recipient address. To send tokens to someone else, use the [Send](/user-docs/global/mobile/funding-and-sending#sending-tokens) feature instead.
</Info>

For detailed documentation on how these products work under the hood:

<CardGroup>
  <Card title="Jupiter Swap (Ultra)" icon="bolt" href="/user-docs/trade/spot/index">
    Routing and execution mechanics.
  </Card>

  <Card title="Limit Orders" icon="clock" href="/user-docs/trade/spot/limit-orders">
    How limit orders are filled onchain.
  </Card>

  <Card title="Recurring Orders" icon="repeat" href="/user-docs/trade/spot/recurring-orders">
    How dollar-cost averaging (DCA) execution works.
  </Card>
</CardGroup>

## Swap

Within the Trade tab, **Swap** has a mode selector with three pills: **Market**, **Limit**, and **Recurring**, plus a history icon. All three modes use the same layout: a Sell panel and a Buy panel, a numeric keypad, and **MAX** / **50%** / **25%** quick amount buttons.

### Market Swap

Market is the instant swap, executed via <Tooltip>Jupiter Ultra</Tooltip>. Slippage, MEV (Maximal Extractable Value) protection, and routing are all handled automatically. You only select the tokens and the amount, Ultra optimizes the rest for best price and execution.

<Steps>
  <Step title="Open swap">
    Navigate to the **Trade** tab → **Swap** → **Market**.
  </Step>

  <Step title="Select tokens and amount">
    Choose the input and output tokens and enter the amount with the keypad, or use the **MAX** / **50%** / **25%** quick amounts.
  </Step>

  <Step title="Review details">
    Tap the right arrow (>) to check execution parameters.
  </Step>

  <Step title="Confirm">
    Confirm the trade. Tokens are sent to your wallet immediately upon execution.
  </Step>
</Steps>

A toast notification appears in the app when your swap executes successfully.

### Limit Orders

Limit orders let you set a target price at which your trade should execute. The order remains open until the price is reached or the order expires.

<Steps>
  <Step title="Open limit order">
    Navigate to the **Trade** tab → **Swap** → **Limit**.
  </Step>

  <Step title="Set sell token and amount">
    Enter the token and amount on the sell side.
  </Step>

  <Step title="Set trigger price">
    Tap the right arrow (>) next to "Trigger when x \[Token A] = y \[Token B]" to input your trigger price and expiration time.
  </Step>

  <Step title="Confirm and place">
    Review the order summary, save changes, and place the order.
  </Step>
</Steps>

<Tip>
  If you have Radar notifications enabled, you'll receive a push notification when your limit order fills.
</Tip>

For how limit orders are executed onchain, see [Limit Orders](/user-docs/trade/spot/limit-orders).

### Recurring Orders

Recurring orders let you split a trade into multiple smaller orders executed at regular intervals (similar to dollar-cost averaging).

<Steps>
  <Step title="Open recurring order">
    Navigate to the **Trade** tab → **Swap** → **Recurring**.
  </Step>

  <Step title="Set sell token and amount">
    Enter the token and total amount on the sell side.
  </Step>

  <Step title="Configure schedule">
    Tap the right arrow (>) next to "Recurring every x minutes over y orders" to configure:

    * Execution interval between orders
    * Number of orders
    * Optional price range for execution
  </Step>

  <Step title="Confirm and place">
    Review, save changes, and place the recurring order.
  </Step>
</Steps>

For how recurring orders are executed onchain, see [Recurring Orders](/user-docs/trade/spot/recurring-orders).

### Minimum Order Amounts

| Order type | Minimum (USD equivalent) |
| - | - |
| Limit Order | \$5 |
| Recurring Order | |

### Token Support Restrictions

<Tooltip>Token-2022</Tooltip> tokens, including those that charge a transfer fee, are accepted on Market swaps, Limit orders, and Recurring orders. Jupiter Mobile places Limit and Recurring orders through the same order service as jup.ag, which started accepting these tokens in September 2026.

The transfer fee is set by the token, not by Jupiter, and it is taken every time the token moves: when you deposit into the order, on each sell or fill, on each buy, and when a cancellation returns your remaining tokens. A token's creator can change that rate after you place the order, so an order can settle at a different rate than the one you saw. See [Token-2022 and transfer fees](/user-docs/trade/spot/limit-orders#token-2022-and-transfer-fees) for the full behaviour, including the one combination the service refuses.

## Perps on Mobile

The **Perps** tab in the Trade tab lets you trade perpetual futures (perps) on the SOL, ETH, and BTC markets. Each market shows the current price with 24h Vol / 24h High / 24h Low figures, a chart with 1m / 1h / 4h / 1D / More intervals (it stays on screen and cannot be hidden), **Positions** / **Open Orders** / **History** tabs, and **Long** / **Short** buttons.

The [Beta markets](/user-docs/trade/perps/beta-markets) (JUP, HYPE, ZEC, and the stock markets SPCX, SNDK, and SKHYNIX) are not available in the app. To trade them, use Perps on [jup.ag](https://jup.ag/perps).

The order sheet has **Long** / **Short** toggles, a leverage selector (e.g. 10x), and a **Market** / **Limit** order type selector — Limit adds −1% / −2% / −5% quick presets for the limit price. You pay in USDC, and the sheet displays the **Entry Price**, **Liquidation Price**, and **Total Fees** before you place the order.

<Warning>
  Perpetual futures involve leverage and liquidation risk: your position can be liquidated and you can lose your collateral. Read [how Jupiter Perps work](/user-docs/trade/perps/index) before trading.
</Warning>

For how perps work, see the [Perps documentation](/user-docs/trade/perps/index). For the full fee schedule, see [Perps fees](/user-docs/trade/perps/fees).

## Predictions on Mobile

The **Predictions** tab in the Trade tab shows featured market cards (e.g. Sports, Crypto) and a Categories row (Live, FIFA, Sports, Crypto, Esports, Culture, Tech, Finance). Each market page has a probability chart (4H / 1D / ALL), outcome buttons priced in cents, plus Spreads, Totals, and Odd / Even sections (each with a Rules link), and **Positions** / **Open Orders** / **History** tabs.

Prediction outcomes are priced in cents. If the outcome you buy does not occur, the amount placed is lost entirely.

For how prediction markets work, see the [Predict documentation](/user-docs/trade/predict/index).

## Fees

Jupiter Mobile applies its own fee schedule to swaps placed natively in the app. The fee depends on the token pair (bps stands for basis points; 1 bps = 0.01%):

| Pair | Fee |
| - | - |
| Stablecoin ↔ stablecoin, LST ↔ LST | 0% (0 bps) |
| SOL or stablecoin → JUP, JLP, or jupSOL | 0% (0 bps) |
| Jupiter Lend deposits and redemptions (e.g. USDC ↔ jlUSDC) | 0% (0 bps) |
| SOL ↔ stablecoin | 0.1% (10 bps) |
| LST ↔ stablecoin | 0.1% (10 bps) |
| Bluechip token ↔ any token | 0.1% (10 bps) |
| All other pairs | 0.2% (20 bps) |
| Newly launched tokens (within 24h of token age) | 0.5% (50 bps) |

LST stands for Liquid Staking Token (e.g. JupSOL, jitoSOL): tokens that represent staked SOL while remaining tradable.

Categories follow Jupiter Ultra's classification: stablecoins (USDC, USDT, and similar), LSTs (jupSOL, jitoSOL, and similar), and bluechips (large-market-cap tokens). Jupiter maintains this classification and can change it.

<Info>
  This schedule applies only to swaps placed natively in Jupiter Mobile. Swaps made through the in-app dApp browser, or on jup.ag on the web, follow the standard fee schedules of those products. See [Spot fees](/user-docs/trade/spot/fees).
</Info>

Other trade types:

| Trade type | Fee |
| - | - |
| Gasless swap | Market swap fee, increased by the SOL cost Jupiter covers (no extra fee) |
| Limit order | 0.1% flat |
| Recurring order | 0.1% flat |

### Gasless Swaps

Gasless swaps let you trade tokens when you don't have enough SOL to cover transaction fees. Gasless is not a mode you select: it activates automatically when your SOL balance can't cover gas costs.

When gasless kicks in, Jupiter pays the SOL fees (signature fees, priority fees, rent) on your behalf and deducts the equivalent value from the tokens involved in the swap.

**Cost:** gasless carries no extra fee. Jupiter recovers the SOL it paid by increasing the swap fee by the equivalent value, a fixed amount rather than a percentage of your trade, so larger trades see a smaller effective impact. Gasless is only available when this amount stays within 10% of the trade, so very small trades are not eligible.

<Info>
  Gasless is designed primarily for onboarding: you receive tokens (e.g. USDC) in a new wallet and can start swapping without needing to acquire SOL first.
</Info>

<Tip>
  If you trade regularly, keeping a small SOL balance in your wallet gives you access to lower fees than gasless.
</Tip>

## Trading Volume and Fees Saved

To see your trading volume:

<Steps>
  <Step title="Open the Trade tab">
    Navigate to the **Trade** tab.
  </Step>

  <Step title="View stats">
    Tap **Fees saved**. This displays your Jupiter Mobile trading volume since the start of 2025, total swaps completed, and estimated fees saved. You can share this summary on social media.&#x20;
  </Step>
</Steps>

<Info>
  "Fees Saved" is an estimate based on fee comparisons with other platforms. These savings are applied automatically through Jupiter Mobile's fee structure and cannot be claimed or withdrawn separately.
</Info>

## Viewing Trade History

Open the **Portfolio** tab → **History**, or the Home tab → **More** → **History**. You can filter by type: **All**, **Swaps**, **Transfers**, **Limit**, or **Recurring**.

## Troubleshooting

<Accordion title="&#x22;No routes found&#x22;">
  This typically means:

  * Insufficient liquidity for the token pair.
  * The trade amount is too large relative to available liquidity, or too small for reliable execution.
  * The token may have trading restrictions that prevent routing.

  Try adjusting the order size and verifying that the token has liquidity on Solana DEXs.
</Accordion>

<Accordion title="Swap not executing or reverting">
  * Make sure you're using the latest version of Jupiter Mobile.
  * Verify you have at least 0.01 SOL for transaction fees (unless using gasless).
  * Check your internet connection.
  * If using Ledger, try re-pairing the device via Bluetooth.

  If problems persist, open a ticket at [support.jup.ag](https://support.jup.ag) with your wallet address and device details.
</Accordion>


# Campaigns
Source: https://docs.jup.ag/user-docs/global/spend/campaigns

Limited-time promotional campaigns and special offers for Jupiter Spend users.

## Ambassador Referral: 0% FX Fees

Sign up with a Jupiter Global Ambassador's referral code and get your **FX fees back for your first 30 days**, up to **US\$100 of fees**. Jupiter Global Ambassadors can offer this to the people they refer.

### At a Glance

* **0% FX fees** for **30 days**, starting the day you sign up
* **Up to US\$100 of fees** back
* **Paid back at the end of the 30 days**, not waived at the till
* **New users** signing up with **a Jupiter Global Ambassador's referral code**
* Available **wherever Jupiter Spend works**

<AccordionGroup>
  <Accordion title="Am I eligible?">
    You need to be a **new Jupiter Mobile user**, and you need to enter a **Jupiter Global Ambassador's referral code** when you sign up. If you already have an account, or you signed up without that code, this offer isn't on your account.

    Not sure if your code is an Ambassador's? Ask the person who gave it to you.
  </Accordion>

  <Accordion title="What does &#x22;0% FX fees&#x22; actually mean?">
    **We rebate the FX fees you paid, up to US\$100.**

    You pay FX fees as normal while you spend. At the end of the 30 days we add them up and give them back.

    It's a rebate of what you paid, so it's never more than that.
  </Accordion>

  <Accordion title="Which fees are covered?">
    Anything labelled as an **FX fee on your transaction in the Jupiter Mobile app**. Open any transaction and you'll see the fee, so you can check your own total against what we pay back.
  </Accordion>

  <Accordion title="Does it cover card and QR?">
    The rebate is on **card spend**, because that's where the FX fee sits. **QR payments don't carry a separate FX fee**, so there's nothing to rebate on them. Keep paying by QR wherever it suits you.
  </Accordion>

  <Accordion title="When does the 30 days start?">
    **Your 30 days start the day you sign up.** Not when your ID check clears, and not when your card arrives. Sign up on 3 August and your window runs to 2 September.
  </Accordion>

  <Accordion title="When and how do I get the money back?">
    **Your rebate lands in your Rewards Balance, and you claim it from there.** It doesn't arrive on its own. Tap claim and it moves into your Jupiter Spend balance.

    **The claim never expires.** There's no deadline, so it'll wait for you.

    We total your FX fees and credit them at the end of your 30 days.
  </Accordion>

  <Accordion title="Is there a minimum spend?">
    No. Every FX fee you pay in the window comes back, up to the US\$100 cap, whether that's one transaction or fifty.
  </Accordion>

  <Accordion title="What doesn't count?">
    * **QR payments.** No FX fee is charged, so there's nothing to rebate.
    * **Spending in USD.** No conversion means no FX fee.
    * **Anything after day 30.** Normal FX fees apply from then on.
    * **FX fees above the US\$100 cap.** Everything past US\$100 stays paid.

    Some transactions are excluded. See [Ineligible Transactions](/user-docs/global/spend/rewards-and-referrals#ineligible-transactions-for-cashback-%26-rewards).
  </Accordion>

  <Accordion title="Does it stack with other offers?">
    Yes. It **stacks with any other Jupiter offer you qualify for**, and it doesn't reduce cashback you earn elsewhere.
  </Accordion>
</AccordionGroup>

***

## VIP Matching Program

<Note>
  The VIP Matching Program has ended. It ran for July and August 2026 and closed at the end of August. A successor rewards program will be announced; this section stays as a reference in the meantime.
</Note>

The VIP Matching Program matched proven VIP status from another card issuer with a flat 3% cashback on the Jupiter Card, for July and August 2026. Applications are closed.

### How It Works

The VIP Matching Program rewarded cardholders who brought proven VIP status from another card issuer whose program offered more than 2% cashback. Once the status was verified, the cardholder earned a flat 3% cashback on eligible Jupiter Spend transactions for the duration of the program.

### Cashback Rate

Eligible cardholders earned a flat **3% cashback**, up to a monthly cap of **\$300** per calendar month. To qualify, the other provider's VIP program had to offer cashback above 2%. Cashback was credited to the Rewards balance after each transaction fully settled, not at the point of payment.

<Note>
  The same exclusions apply as our standard cashback. Ineligible transactions do not earn cashback, see [Ineligible Transactions](#ineligible-transactions).
</Note>

### Eligibility

Any card issuer qualified, as long as the VIP program offered cashback above 2%. Existing Jupiter users also qualified.

### How to Apply

<Steps>
  <Step title="Gather your proof">
    Take two screenshots - (1) your VIP-status email from the other provider (clearly showing the sender, the date, and your tier with its cashback rate), and (2) your VIP status inside the other provider's app.
  </Step>

  <Step title="Apply one of two ways">
    Pick whichever is easier. Both go to the same team.

    **Option A. Apply via form**

    Submit your details through the [VIP Matching application form](https://docs.google.com/forms/d/e/1FAIpQLSdsKZccBCwsaMPYuojDVqeo60m-z7mxTr4gCjqKHdZtQIujPA/viewform).

    **Option B. Apply by email**

    Email **[VIP@jupiter.global](mailto:VIP@jupiter.global)** with:

    * Subject: **VIP Tier Matching**
    * Your **Jupiter ID** or **Spend email** (find these in the **Jupiter Mobile** app under your account/profile). The email you send from may be different.
    * Your other card's **issuer**, **VIP tier**, and **current cashback %**
    * **Screenshots** of (a) that card's official VIP/cashback email and (b) your in-app VIP status on that card
  </Step>

  <Step title="Get approved in 72 hours">
    We review your submission within 72 hours. Once approved, your 3% cashback applies to eligible Jupiter Spend transactions.
  </Step>

  <Step title="Activate your rate">
    Once you're approved, deposit at least **\$1,500** in fresh funds into your card to activate your matched cashback rate. Only deposits made after approval count toward the \$1,500 - your existing balance and earlier deposits do not.
  </Step>
</Steps>

<Note>
  Attach **screenshots**, not PDFs. Questions? Email [VIP@jupiter.global](mailto:VIP@jupiter.global).
</Note>

### Program Duration

The program ran for **July and August 2026** and ended at the end of August. The monthly cap applied separately to each calendar month.

### Ineligible Transactions

Ineligible transactions do not qualify for VIP Matching cashback. The exclusions are the same as those listed under Ineligible Transactions in the [standard Rewards & Referrals terms](/user-docs/global/spend/rewards-and-referrals#ineligible-transactions-for-cashback-%26-rewards).

<Note>
  We reserve the right to verify all submitted proof and to adjust, withhold, or reverse rewards at any time. Falsified or fraudulent submissions will be rejected.
</Note>


# Jupiter Spend FAQ
Source: https://docs.jup.ag/user-docs/global/spend/faq

Frequently asked questions about Jupiter Spend: Jupiter ID, deposits and withdrawals, cards, QR Pay, bank transfers, cashback, and referrals.

## General & Jupiter ID

<AccordionGroup>
  <Accordion title="What is Jupiter Spend?">
    Jupiter Spend is a set of regulated financial services integrated into the Jupiter app. It turns your crypto into a USD balance and gives you access to traditional payment infrastructure (card payments, QR Pay, and bank transfers) directly from the app.
  </Accordion>

  <Accordion title="Who can use Jupiter Spend?">
    Jupiter Spend is available in selected countries. Availability depends on your country of residence and applicable regulations, and the Jupiter Card follows the same list, on the [Jupiter Card](/user-docs/global/spend/jupiter-card#supported-countries) page. You must be at least 18 years old.
  </Accordion>

  <Accordion title="What is Jupiter ID?">
    Jupiter ID is the account you use to sign in to the Jupiter app, with an email, Google, or Apple login. It includes an identity verification layer required to use Jupiter Spend: verify once, then access the Card, QR Pay, and Remittance without repeating the process. You can only be logged in to one Jupiter ID at a time. Discord and X logins are currently not supported.
  </Accordion>

  <Accordion title="How do I sign up, and how long does verification take?">
    Open the Jupiter app, tap the profile icon in the top-left corner, and select "Set up Jupiter ID". Sign in with an email, Google, or Apple account, then complete identity verification from the Verification Center. Verification has five steps: provide an identity document, verify your phone number, perform a liveness check, provide personal information, and complete a short questionnaire. In APAC regions, a proof of address is also required.

    Verification typically takes a few minutes. If your application is flagged for manual review, it can take longer, typically 3 to 5 working days.
  </Accordion>

  <Accordion title="Why do I need to verify my identity?">
    Identity verification is required by law to help prevent fraud, money laundering, and misuse of financial services. It is a standard requirement for any regulated financial product, and is required to access any Jupiter Spend feature.
  </Accordion>

  <Accordion title="What documents are accepted as proof of address?">
    Proof of address is required for users in APAC regions. Accepted documents include:

    * Utility bills (electricity, water, heating, gas, sewerage, waste disposal, house/elevator maintenance)
    * Telecom bills (phone, internet, TV)
    * Bank statements
    * Tax invoices

    This list is not exhaustive. If your document is rejected, you can resubmit a different accepted document.
  </Accordion>

  <Accordion title="Is my Jupiter ID linked to my Jupiter Mobile wallets?">
    No. Jupiter ID is not linked to your DeFi wallets. It is used only for identity verification and Jupiter Spend services. Jupiter does not take custody of your DeFi wallet funds, and Spend mode activity is kept separate from your onchain DeFi activity.
  </Accordion>

  <Accordion title="Can I delete my Jupiter ID, or change its email?">
    Neither is currently possible. Once identity verification is complete, the Jupiter ID cannot be deleted, and the email associated with it cannot be changed. If you have lost access to your registered email, contact support.

    Jupiter does not store or process identity documents directly. All verification data is handled by SumSub.
  </Accordion>

  <Accordion title="What if I lose access to my account?">
    Use the "Forgot Password" or "Need help signing in" option on login to start recovery. If you have also lost access to your registered email or phone, contact support.
  </Accordion>

  <Accordion title="Is Jupiter Spend safe?">
    Your funds are handled through regulated financial partners, and balances are held and settled according to regulatory requirements. Jupiter does not take custody of your DeFi wallet funds. The Jupiter Card operates on the Visa network, which includes chargeback protections: if a transaction is fraudulent or a merchant fails to deliver, you can dispute the charge through your card issuer (Rain or DCS). You can also freeze your card instantly in the app if anything looks suspicious.
  </Accordion>

  <Accordion title="Does Jupiter Spend charge monthly or annual fees?">
    No monthly or annual maintenance fees. Any applicable transaction fees (such as FX conversion on non-USD card payments) are shown before confirmation. See [Fees & Limits](/user-docs/global/spend/fees-and-limits) for the full breakdown.
  </Accordion>

  <Accordion title="Can I change the display currency of my Spend balance?">
    Yes. The Spend balance can be displayed in USD (default) or another currency such as EUR, GBP, AUD, BRL, CAD, CNY, or HKD, using the currency selector next to the balance. This only changes how the balance is displayed. The balance itself is held in USD.
  </Accordion>

  <Accordion title="How do I contact support?">
    In-app support is available. For a card issue, have the original transaction details ready; for a deposit or transfer issue, the transaction hash or transfer reference.
  </Accordion>
</AccordionGroup>

***

## Deposits & Withdrawals

<AccordionGroup>
  <Accordion title="How do I deposit funds into Jupiter Spend?">
    If your funds are in your Jupiter Mobile wallet, use **Send** → **Send to Spend**. It accepts any token and converts it for you, so there is no deposit address to copy and no wrong token to send.

    For funds held elsewhere, open the Spend tab, tap **Deposit**, and select your method on the Add Money screen. Send USDC or USDT only.
  </Accordion>

  <Accordion title="Which crypto assets and networks can I deposit?">
    Your Spend deposit address takes USDC on Solana, Sui, Arbitrum, and Base, and USDT on Solana. Always select the correct network before sending: depositing on an unsupported network may result in permanent loss of funds.

    Any other token can only come in through **Send to Spend** from a Jupiter Mobile wallet, see the next question.
  </Accordion>

  <Accordion title="Can I fund my Spend balance with a token other than USDC or USDT?">
    Yes, but only from a Jupiter Mobile wallet, through **Send** → **Send to Spend**. Choose any token you hold: it is swapped into USDC through Jupiter Ultra and delivered to your Spend deposit address in one transaction, and your balance is credited in USD. The swap carries the [Jupiter Mobile swap fee](/user-docs/global/mobile/fees#swaps-native-app) for the pair plus a small SOL network fee, and the summary screen shows the estimated amount, the minimum you will receive, and the price impact before you confirm. See [Send to Spend](/user-docs/global/mobile/funding-and-sending#send-to-spend) for the details.

    The Spend deposit address itself still takes USDC and USDT only.
  </Accordion>

  <Accordion title="I sent another token to my Spend deposit address. Can I get it back?">
    No. Anything other than USDC or USDT sent to that address is lost. The transfer cannot be reversed, and no one can recover it, support included. This holds for transfers made before any token became available through Send to Spend.
  </Accordion>

  <Accordion title="How long do deposits take, and what if mine has not arrived?">
    Most deposits arrive within 4 minutes after the required onchain confirmations. Confirmation requirements vary by network, and deposits can take longer during congestion.

    If your deposit has not appeared, check the transaction status on the relevant blockchain explorer using your transaction hash. If it is confirmed onchain but still missing from your balance after 30 minutes, contact support and include your transaction hash and deposit address.
  </Accordion>

  <Accordion title="Are there deposit fees or a minimum deposit?">
    There is no minimum deposit, and Jupiter does not charge any deposit fees on USDC or USDT. Standard onchain network fees still apply and are paid to the network. This network cost is a flat amount that depends on the deposit network: around \$0.30 on Arbitrum and Base, and around \$0.10 on Sui. Because it is flat, it can look large on a small deposit.

    On Solana, there is no flat network cost. However, if the receiving address has no USDC token account yet, a one-time account creation cost (around 0.002 SOL, set by the network) is added. With Gasless Send, this cost is deducted in USDC from the amount sent.

    The exception is a deposit made through **Send to Spend** in Jupiter Mobile with a token other than USDC or USDT: the swap into USDC carries the [Jupiter Mobile swap fee](/user-docs/global/mobile/fees#swaps-native-app) plus a small SOL network fee.
  </Accordion>

  <Accordion title="Can I deposit fiat directly?">
    Yes, by bank transfer. Incoming transfers received on your Jupiter Spend virtual accounts (USD, EUR) credit your Spend balance directly. See [Bank Transfer](#bank-transfer) below.
  </Accordion>

  <Accordion title="How do I withdraw my Spend balance?">
    Withdrawing from your card balance to a bank account (off-ramp) is region-dependent due to regulatory requirements, and global support is being rolled out progressively. Check the app for the options available in your region, and see [Withdrawals](/user-docs/global/spend/fees-and-limits#withdrawals) for the regions with restricted support.

    Two limits apply to what can leave Spend:

    * Only funds deposited as USDC can be withdrawn to fiat. USDT deposits cannot, a limitation of the off-ramp partner. Deposits made through Send to Spend arrive as USDC.
    * With a Rain-issued card, a refund is added to your spend balance so you can keep using it, but it cannot be withdrawn. This is due to how Visa settles refunds with Rain.
  </Accordion>
</AccordionGroup>

***

## Cards

<AccordionGroup>
  <Accordion title="What are the card fees?">
    There is no annual fee to hold the card, and USDC deposits are credited one-to-one with no fees. The only standard fee is the FX conversion fee on non-USD payments: 1% with Rain, 1.8% with DCS. See [Fees & Limits](/user-docs/global/spend/fees-and-limits) for the full breakdown.
  </Accordion>

  <Accordion title="What are the spending limits?">
    Spending limits depend on your card issuer:

    * **Rain**: no spending limits.
    * **DCS**: daily limit of \$50,000 and annual limit of \$990,000.

    Your card issuer is determined by your country of residence. See [Fees & Limits](/user-docs/global/spend/fees-and-limits) for the full breakdown.
  </Accordion>

  <Accordion title="How do I add my card to Apple Pay or Google Pay?">
    **Apple Pay**

    1. Open Apple Wallet and tap the **+** icon in the top-right corner.
    2. Select **Debit or Credit Card** and tap **Continue**.
    3. Enter your card details (found under "Show Details" in the Jupiter app).
    4. Complete verification in Apple Wallet.

    **Google Pay**

    1. Open Google Wallet and tap **+ Add to Wallet**.
    2. Select **Payment method** and enter your card details manually.
    3. Accept the issuer's terms and choose a verification method (SMS or email).
    4. Enter the OTP to verify your card.

    No Jupiter fees apply to adding or using the card this way; the standard FX fee, set by the issuer, still applies on non-USD payments. In some countries where the Jupiter Card is supported, the card cannot be added to Apple Pay or Google Pay because the service does not operate there. This is a restriction from Apple or Google, not from Jupiter.
  </Accordion>

  <Accordion title="Can I use the Jupiter Card while travelling?">
    Yes. The Jupiter Card works anywhere Visa is accepted, regardless of where you are. Your card issuer (Rain or DCS) is determined by your country of residence at the time of KYC, not by where you use the card. If you pay in a non-USD currency while abroad, the standard FX conversion fee applies (1% Rain, 1.8% DCS).
  </Accordion>

  <Accordion title="Why was my card payment declined?">
    The most common reasons:

    * **Insufficient balance.** The card draws from your Spend balance in USD; check that it covers the payment, including the FX fee on a non-USD payment.
    * **Card frozen.** A frozen card blocks every transaction until you unfreeze it in the app.
    * **Spending limit reached.** With a DCS-issued card, the daily limit is \$50,000 and the annual limit \$990,000.
    * **Restricted merchant.** Payments to certain merchant categories are declined automatically for compliance and risk reasons, and some merchants are restricted dynamically by fraud monitoring. See [Restricted Merchant Categories](/user-docs/global/spend/fees-and-limits#restricted-merchant-categories-mcc).

    If none of these apply, contact support with the transaction details.
  </Accordion>

  <Accordion title="How do refunds work?">
    Refunds can take up to 7 business days to settle back into your card balance. If the original transaction is still pending, the charge is reversed directly. If it has already settled, the refund appears as a separate credit marked "Reversed" under the original transaction.

    If the original payment involved an FX conversion and has already been authorised or settled, the refund is processed at the FX rate of the day the refund is issued, not the original rate, and the FX fee on the original payment is not refunded. A pending transaction is reversed in full at no cost.

    A frozen card does not block incoming refunds: the refund is still credited to your card account. If you have not received a refund after 7 business days, contact support with the original transaction details.
  </Accordion>

  <Accordion title="Can I get a refund on a card I ordered?">
    No. Once a virtual or physical card is ordered, the order cannot be refunded. Refunds from merchants on your card payments are a separate matter, covered in [How do refunds work?](#how-do-refunds-work).
  </Accordion>

  <Accordion title="How long does an authorisation hold take to drop?">
    When a transaction is authorised but not captured by the merchant, the funds are held as a pending authorisation on your card balance. The hold can take up to 30 days to drop, depending on the merchant. This timing is set by the merchant and is not controlled by Jupiter. Once the authorisation drops, the funds are released back to your balance.
  </Accordion>

  <Accordion title="What if my card is lost or stolen, or I see suspicious activity?">
    Freeze your card immediately from the Jupiter app to block any further transactions. You can unfreeze it from the app once the issue is resolved. If the card is lost or stolen, contact support: the team will cancel the existing card and issue a replacement.

    The Jupiter Card operates on the Visa network and benefits from standard consumer protections, including chargeback and dispute mechanisms.
  </Accordion>

  <Accordion title="What is the Claynosaurz card, and can I get it if I already have a Jupiter Card?">
    The Claynosaurz card is a co-branded Jupiter × Claynosaurz Visa Platinum card, available as a virtual card (Gold or Platinum design) for \$25. It earns the standard 2% cashback up to \$100 a month, with the cap shared across all your cards, and until the end of 2026 the FX fees on payments made with it are paid back in full on the first \$10,000 of non-USD spend each month, up to \$100 a month. The rebate is credited in one batch at the end of each month, and a payment shows in the **Claynosaurz 0% FX** tracker once the transaction is confirmed.

    Existing users can get it too: in the Spend tab, tap **Card** → **Add card** → **Virtual card** and pick the Claynosaurz design. It is available in the supported countries except the Philippines, Vietnam, Taiwan, and South Korea. See [Claynosaurz Card](/user-docs/global/spend/jupiter-card#claynosaurz-card).
  </Accordion>

  <Accordion title="Is there a physical card?">
    Yes. Physical cards are rolling out in phases, so the option may not be available in your account yet. Full rollout is planned by the end of 2026. See [Physical Card](/user-docs/global/spend/jupiter-card#physical-card) for the card price and shipping.
  </Accordion>

  <Accordion title="Can I withdraw cash at an ATM, and does the card have a PIN?">
    Yes, both the virtual and the physical card have a PIN, which you can view and change in the app. ATM withdrawals may work with the physical card but are not guaranteed: acceptance depends on the ATM operator and your region, and some machines may decline. Any ATM fees are set by the operator rather than by Jupiter, so we cannot tell you the amount in advance. ATM withdrawals do not earn [cashback](/user-docs/global/spend/rewards-and-referrals).
  </Accordion>

  <Accordion title="Can I export my card transactions?">
    Yes. From the app, select the date range you want and request the export; the file is sent to you by email. This is a transaction history export rather than a formal bank-style statement.
  </Accordion>
</AccordionGroup>

***

## QR Pay

<AccordionGroup>
  <Accordion title="What is QR Pay?">
    Jupiter QR Pay is a scan-to-pay solution available in the Asia-Pacific region. It supports merchant payments directly from your Spend account. Open the app, tap the scan icon, and scan the merchant QR code to pay.
  </Accordion>

  <Accordion title="Where can I use QR Pay?">
    QR Pay depends on your card. In some countries, cards activated after a certain date do not support QR Pay yet. See [Which Cards Support QR Pay](/user-docs/global/spend/qr-pay#which-cards-support-qr-pay) for the full table.

    QR Pay is currently available on DCS-issued cards only. If your card supports QR Pay, you can pay at supported merchants in Cambodia (KHQR), Indonesia (QRIS), Malaysia (DuitNow), Mongolia (QPay), the Philippines (QR Ph), and Vietnam (VietQR). Singapore (SG QR) and Thailand (PromptPay) are temporarily unavailable.

    Look for QR payment logos at the merchant when scanning. P2P (person-to-person) QR payments are available only in certain regions.
  </Accordion>

  <Accordion title="What currency is used, and are there fees?">
    Payments are settled in the merchant's local currency. Your USD balance is converted at the market rate, with no markup and no hidden fees. There are no fees for either the payer or the recipient, including FX conversion.
  </Accordion>

  <Accordion title="Is there a limit on QR Pay transactions?">
    Yes. The daily limit is \$5,000 and the per-transaction limit is \$500.
  </Accordion>

  <Accordion title="Does QR Pay earn cashback?">
    No. QR Pay transactions are not eligible for cashback. Only Jupiter Card purchases earn cashback. See [Rewards](#rewards) below.
  </Accordion>

  <Accordion title="Why did my QR payment fail?">
    The most common reasons are insufficient balance, an unsupported merchant QR format, or a connectivity issue. Check your balance, make sure you are connected to the internet, and try again. If the issue persists, contact support.
  </Accordion>
</AccordionGroup>

***

## Bank Transfer

<AccordionGroup>
  <Accordion title="What is Bank Transfer?">
    Bank Transfer (Global Fiat Remittance) lets you send and receive fiat through virtual accounts, SWIFT transfers, and local payouts. Transfers are powered by our partner Noah, providing fast, low-cost global payouts in 15 local currencies.
  </Accordion>

  <Accordion title="Which countries can I send to?">
    You can send to bank accounts in over 200 countries via SWIFT. Local payouts are also available in 15 supported currencies. The full list is visible in the app when selecting a destination.
  </Accordion>

  <Accordion title="What currencies can I send?">
    Local payouts are available in: AED, BRL, CAD, EUR, GBP, IDR, INR, MYR, NGN, PHP, SGD, THB, TRY, USD, VND. Support for JPY, MAD, MXN, SAR, and TWD is planned. For other destinations, transfers are sent via SWIFT in USD or EUR. Conversion is done at the market rate.
  </Accordion>

  <Accordion title="How long does a bank transfer take?">
    Transfer timing depends on the destination country and the receiving bank. Most transfers arrive within 1-3 business days.
  </Accordion>

  <Accordion title="Are there fees for bank transfers?">
    Yes. Both deposits and payouts carry a fixed fee plus a variable fee, which vary by rail and destination currency. Currency conversions are done at the market rate. See [Fees & Limits](/user-docs/global/spend/fees-and-limits#remittance) for the current tables.
  </Accordion>

  <Accordion title="What information do I need to send a bank transfer?">
    You need the recipient's full name, bank name, account number, and routing details required by the country (for example SWIFT/BIC or US routing number). The app prompts the exact fields needed for each country.
  </Accordion>

  <Accordion title="What is the minimum transfer amount?">
    The minimum transfer is \$1 USD equivalent, and each transfer is capped at \$10,000. High-value transfers may require additional verification.
  </Accordion>

  <Accordion title="Can I receive bank transfers into my Jupiter Spend account?">
    Yes. Once your Jupiter ID is verified, you receive virtual accounts in USD and EUR that can receive incoming transfers. EUR account availability may depend on your country of residence.
  </Accordion>

  <Accordion title="Why did my transfer fail or get delayed?">
    Transfers can fail due to incorrect recipient details, bank compliance holds, or network issues on the receiving end. If your transfer is delayed beyond the estimated window, contact support with your transfer reference number. Failed transfers are automatically refunded to your balance.
  </Accordion>

  <Accordion title="Is my transfer screened for AML compliance?">
    Yes. All outbound transfers are screened by our regulated partner as part of standard AML/CTF procedures. Transfers flagged for review may be delayed pending additional verification, and supporting documentation may be requested for large or unusual transfers.
  </Accordion>
</AccordionGroup>

***

## Rewards

<AccordionGroup>
  <Accordion title="What is cashback, and when is it credited?">
    Every qualifying Jupiter Card purchase earns cashback automatically, with no activation needed. It is credited to your Rewards balance after the transaction fully settles, not at the point of payment. While a transaction is pending, a "Processing" entry appears in the Rewards tab; once settlement is confirmed, it updates to earned and is added to the available balance.
  </Accordion>

  <Accordion title="How much cashback do I earn, and is there a cap?">
    All qualifying Jupiter Card purchases earn a base cashback rate of 2%, up to a monthly cap of \$100. If you unlock the 4% rate through referrals, the cap rises to \$200 for that month. Your current rate and monthly progress are visible on the Rewards screen.

    If you earned less than expected in a month, you have most likely hit the cap: check the Rewards screen for your cap and how much you have earned so far.
  </Accordion>

  <Accordion title="How do I unlock the 4% cashback rate?">
    Refer at least 2 qualifying people during a calendar month. A qualifying referral is a friend who completes KYC and spends at least \$50 on their Jupiter Card. If you reach 2 in a given month, your cashback rate rises to 4% (with a \$200 cap) for the following month. Referring only 1 person does not unlock the higher rate.
  </Accordion>

  <Accordion title="Which transactions earn cashback?">
    Only Jupiter Card purchases at accepted merchants (online and in-store) earn cashback. The following are **not** eligible: ATM withdrawals, P2P transfers, refunded or reversed transactions, fees and charges, QR payments, financial services, money transfers, gambling-related transactions, and government payments.

    For the full list, see [Ineligible Transactions for Cashback & Rewards](/user-docs/global/spend/rewards-and-referrals#ineligible-transactions-for-cashback-%26-rewards).
  </Accordion>

  <Accordion title="Where can I see my cashback?">
    In the Rewards tab. You will find your total cashback earned, a transaction-by-transaction history, your current rate, and your monthly progress toward the cap. Each transaction in your spending history also shows the exact cashback earned for that purchase.
  </Accordion>

  <Accordion title="Can I withdraw my cashback, and what currency is it held in?">
    Your Rewards balance is held in USDC. You can transfer any amount from it to your card balance at any time; the transfer is instant with no fees. Direct withdrawal from the Rewards balance to an external wallet is not available. Once in your card balance, funds can leave Spend through the withdrawal options available in your region.
  </Accordion>

  <Accordion title="How does the referral program work, and where is my link?">
    Invite friends to Jupiter Spend using your unique referral link. When they sign up, complete KYC, and start spending, both of you earn rewards. To find your link, open the Rewards screen and tap **Refer**: you can copy it or share it directly via WhatsApp, Telegram, SMS, or any other app.
  </Accordion>

  <Accordion title="What do I and my friend earn, and by when?">
    * **You** earn \$10 once your friend has signed up through your link, completed KYC, and spent at least \$50 on their Jupiter Card within 30 days of KYC approval.
    * **Your friend** earns \$20 once they have spent \$1,000 on their Jupiter Card within 30 days of card activation.

    The two windows start from different dates. If your friend completes KYC but does not spend \$50 within 30 days, the referral expires and no reward is paid for it; your friend can still use Jupiter Spend normally.
  </Accordion>

  <Accordion title="What counts as qualifying spend?">
    Qualifying spend includes Jupiter Card purchases at accepted merchants. Refunds, reversals, fees, P2P transfers, ATM withdrawals, and QR payments do not count toward the spending milestones.
  </Accordion>

  <Accordion title="When do I receive my referral reward?">
    Rewards are credited to your Rewards balance once the qualifying milestone is reached. Reward amounts are denominated in USD and held in USDC on the Rewards balance.
  </Accordion>

  <Accordion title="Can I refer myself, and is there a limit on referrals?">
    Self-referrals and duplicate account creation are detected and blocked automatically; accounts flagged for this will have their rewards forfeited and may be suspended. There is no cap on the number of qualifying referrals or on the rewards you can earn through the program.
  </Accordion>
</AccordionGroup>

***

<Card title="Discover Spend on Jupiter Academy" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-global">
  Step-by-step guide to get started with Jupiter Spend.
</Card>


# Fees & Limits
Source: https://docs.jup.ag/user-docs/global/spend/fees-and-limits

Fee structure, spending limits, and supported countries across all Jupiter Spend products.

## Jupiter Card

### Fees

| Fee | Amount |
| - | - |
| Annual fee | None |
| Claynosaurz virtual card | \$25 (see [Claynosaurz Card](/user-docs/global/spend/jupiter-card#claynosaurz-card)) |
| Physical card | \$13.13 plus shipping, charged to your Spend balance; \$30 off tracked shipping with an available balance of \$1,500 or more, in any country (untracked shipping is not discounted) (see [Physical Card](/user-docs/global/spend/jupiter-card#physical-card)) |
| USDC/USDT deposit fee | None (credited 1:1 in USD) |
| Send to Spend with another token (Jupiter Mobile) | [Jupiter Mobile swap fee](/user-docs/global/mobile/fees#swaps-native-app) on the conversion into USDC (0.1% or 0.2% depending on the token), plus a small SOL network fee (see [Send to Spend](/user-docs/global/mobile/funding-and-sending#send-to-spend)) |
| FX conversion (Rain) | 1% on non-USD payments |
| FX conversion (DCS) | 1.8% on non-USD payments |

No fee applies for payments made in USD. Card orders, virtual or physical, are non-refundable once placed.

<Note>
  Standard onchain network fees apply when depositing and are paid to the network, not to Jupiter. This network cost is a flat amount that depends on the deposit network: around \$0.30 on Arbitrum and Base, and around \$0.10 on Sui. Because it is flat, it can look large on a small deposit. On Solana, there is no flat network cost. However, if the receiving address has no USDC token account yet, a one-time account creation cost (around 0.002 SOL, set by the network) is added. With Gasless Send, this cost is deducted in USDC from the amount sent.
</Note>

### Spending Limits

| Card Issuer | Daily Limit | Annual Limit |
| - | - | - |
| DCS | \$50,000 | \$990,000 |
| Rain | No limit | No limit |

### Withdrawals

Withdrawing funds from your card balance to a bank account (off-ramp) is powered by our partner Noah. Support is region-dependent due to regulatory requirements; any region not listed below is supported in all available currencies. Only USDC deposits can be withdrawn to fiat; USDT deposits cannot.

<Accordion title="Regions with restricted off-ramp support">
  In the regions below, off-ramp support is limited to the currencies marked. **Yes** = supported, **No** = not supported. For the latest list, see [Noah's restricted jurisdictions](https://noah.com/restricted-geos).

  | Region | EUR | USD |
  | - | - | - |
  | Afghanistan | No | No |
  | Albania | No | Yes |
  | Armenia | No | Yes |
  | Azerbaijan | No | Yes |
  | Barbados | No | Yes |
  | Belarus | No | No |
  | Bhutan | Yes | No |
  | Botswana | No | Yes |
  | Burkina Faso | No | Yes |
  | Burundi | No | No |
  | Cambodia | No | Yes |
  | Central African Republic | No | Yes |
  | China | No | No |
  | Democratic Republic of the Congo | No | No |
  | Cuba | No | No |
  | Ghana | No | Yes |
  | Guinea | No | Yes |
  | Guinea-Bissau | No | No |
  | Haiti | No | No |
  | Iran | No | No |
  | Iraq | No | No |
  | Jamaica | No | Yes |
  | Japan | No | Yes |
  | Jordan | No | Yes |
  | Kazakhstan | No | Yes |
  | North Korea | No | No |
  | Kosovo | Yes | No |
  | Kyrgyzstan | No | Yes |
  | Lebanon | No | No |
  | Libya | No | No |
  | North Macedonia | No | No |
  | Mali | No | Yes |
  | Morocco | No | Yes |
  | Mozambique | No | No |
  | Myanmar | No | No |
  | Nicaragua | No | No |
  | Niger | Yes | No |
  | Pakistan | No | No |
  | Palestine | No | No |
  | Panama | No | No |
  | Qatar | No | Yes |
  | Russia | No | No |
  | Senegal | No | Yes |
  | Somalia | No | No |
  | South Sudan | No | No |
  | Sudan | No | No |
  | Syria | No | No |
  | Tajikistan | No | Yes |
  | Tanzania | No | Yes |
  | Trinidad and Tobago | No | Yes |
  | Tunisia | No | Yes |
  | Turkmenistan | No | Yes |
  | Uganda | No | Yes |
  | Ukraine | No | No |
  | United Kingdom | No | No |
  | United States | No | Yes |
  | Uzbekistan | No | Yes |
  | Vanuatu | No | Yes |
  | Venezuela | No | No |
  | Yemen | No | No |
  | Zimbabwe | No | No |
</Accordion>

### Regional Differences

| | Rain | DCS |
| - | - | - |
| FX fee | 1% | 1.8% |
| Daily spending limit | No limit | \$50,000 |
| Annual spending limit | No limit | \$990,000 |

**For Rain users: Spend Balance vs. Withdrawal Balance**

The `Spend balance` you see in the app is the amount you can spend on your card. It's not the same as the amount you can withdraw back to your wallet.

If you get a refund on the card, that refund gets added to your spend balance so you can keep using it, but it can't be withdrawn. This is due to how Visa settles refunds with Rain.

***

## QR Pay

| | |
| - | - |
| Fees | None (payer and recipient) |
| FX conversion | Market rate |
| Daily limit | \$5,000 |
| Per Transaction Limit | \$500 |

The 0% fee structure is permanent and applies to merchant transactions, including currency conversion.

Merchant QR payments are supported in all QR Pay markets. P2P (person-to-person) QR payments are available in select jurisdictions.

**Availability:** Cambodia (KHQR), Indonesia (QRIS), Malaysia (DuitNow), Mongolia (QPay), Philippines (QR Ph), Vietnam (VietQR). Singapore (SG QR) and Thailand (PromptPay) are temporarily unavailable. QR Pay also depends on your card: it is available on DCS-issued cards only for now; see [Which Cards Support QR Pay](/user-docs/global/spend/qr-pay#which-cards-support-qr-pay).

***

## Remittance

| | |
| - | - |
| FX conversion | Market rate |
| Per-transfer limit | \$10,000 |

Currency conversions are done at the market rate. Virtual accounts are funded by incoming fiat transfers only.

### Deposit Fees (Payin)

Deposits carry fees too, not only payouts. Funding your virtual account by bank transfer incurs a fixed fee plus a variable fee on the amount received.

| Rail | Fixed Fee | Variable Fee |
| - | - | - |
| SEPA | EUR 0.87 (≈ \$1.00 USDC) | 0.10% of USD equivalent |
| ACH | \$2.00 | 0.05% |
| Fedwire | \$20.00 | 0.05% |
| SWIFT | \$30.00 | 0.05% |

<Warning>
  Fees are deducted from the amount you deposit. If a deposit is too small to cover the fees, nothing is credited and the deposit is **not refunded**. Make sure your transfer is well above the fixed fee of its rail.
</Warning>

### Payout Fees

Each payout (outgoing transfer) incurs a fixed fee plus a variable fee on the transfer amount. For deposit fees, see [Deposit Fees (Payin)](#deposit-fees-payin) above.

**SWIFT:** Transfers to over 200 countries. Specific corridors may be subject to restrictions depending on the recipient's bank and local regulations.

| Currency | Destination | Payment Method | Fixed Fee | Variable Fee |
| - | - | - | - | - |
| AED | UAE | Bank Transfer | \$4.50 | 0.40% |
| BRL | Brazil | Bank Transfer | \$1.00 | 1.00% |
| CAD | Canada | Bank Transfer | \$2.50 | 0.45% |
| EUR | EEA | Bank Transfer | \$1.00 | 0.10% |
| GBP | United Kingdom | Bank Transfer | \$2.50 | 0.45% |
| IDR | Indonesia | Bank Transfer | \$3.50 | 0.45% |
| INR | India | Bank Transfer | \$2.50 | 0.45% |
| MYR | Malaysia | Bank Transfer | \$2.50 | 0.45% |
| NGN | Nigeria | Bank Transfer | \$0.50 | Parallel market rate + 7.5% VAT |
| PHP | Philippines | Bank Transfer | \$2.50 | 0.45% |
| SGD | Singapore | Bank Transfer | \$1.50 | 0.45% |
| THB | Thailand | Bank Transfer | \$2.50 | 0.45% |
| TRY | Turkey | Bank Transfer | \$2.50 | 0.65% |
| USD | US | ACH | \$2.00 | 0.05% |
| USD | US | FedWire | \$20.00 | 0.05% |
| USD | International | SWIFT / Int. Wire | \$30.00 | 0.05% |
| VND | Vietnam | Bank Transfer | \$2.50 | 0.45% |

Support for additional currencies (JPY, MAD, MXN, SAR, TWD) is planned.

<Info>
  Fee structures may evolve over time. This page reflects the current state of the product.
</Info>

***

### Restricted Merchant Categories (MCC)

Transactions from certain merchant categories may be automatically declined due to compliance, regulatory, and risk control requirements.

Restricted categories include (but are not limited to):

* Explosives, firearms, and weapons-related merchants
* Money transfers, remittance services, quasi-cash, and stored value loads
* Securities brokers, trading platforms, and certain financial institutions
* Gambling, betting, lotteries, and gaming-related services
* Escort, dating, and adult-related services
* Debt collection and bail/bond services
* Certain government-related payments and loan services
* Political, religious, and labor organizations
* High-risk direct marketing and telemarketing merchants
* Certain digital services, gaming platforms, and online marketplaces identified as high-risk

Additionally, some merchants may be dynamically restricted based on fraud, abuse, or risk monitoring systems.

Transactions with restricted merchants or categories will be automatically declined.


# Jupiter Spend Overview
Source: https://docs.jup.ag/user-docs/global/spend/index

Overview of Jupiter Spend, its products, identity verification, and how to get started.

Jupiter Spend is a set of regulated financial services integrated into the Jupiter app. Built on the Solana blockchain, it allows users to convert USDC into fiat currency and access traditional payment infrastructure directly from the app.

## Products

<Columns>
  <Card title="Jupiter Card" icon="credit-card" href="/user-docs/global/spend/jupiter-card">
    A Visa debit card backed by the user's USDC balance, accepted wherever Visa is accepted.
  </Card>

  <Card title="Jupiter QR Pay" icon="qrcode" href="/user-docs/global/spend/qr-pay">
    Scan-to-pay for merchant payments in the Asia-Pacific region.
  </Card>

  <Card title="Global Fiat Remittance" icon="building-columns" href="/user-docs/global/spend/remittance">
    Virtual accounts, SWIFT transfers, and local payouts in 15 currencies.
  </Card>
</Columns>

USDC is the base deposit asset, supported on Solana, Sui, Arbitrum, and Base; USDT deposits are supported on Solana. From a Jupiter Mobile wallet, **Send → Send to Spend** accepts any token and swaps it into USDC. Users deposit into their Spend account, and the funds are converted to USD at the time of deposit. This USD balance is used for the Jupiter Card and QR Pay. It can also be funded in fiat: incoming bank transfers received on your Remittance virtual accounts credit the same balance directly.

All fees, limits, and supported countries are listed on the [Fees & Limits](/user-docs/global/spend/fees-and-limits) page.

## Identity Verification (Jupiter ID)

Jupiter ID is the account used to sign in to the Jupiter app, with an email, Google, or Apple login. It includes an identity verification layer required to access any Jupiter Spend feature: verify once, then access all three products without repeating the process. You can only be logged in to one Jupiter ID at a time.

Identity verification is required by law to help prevent fraud, money laundering, and misuse of financial services. The process is handled by [SumSub](https://sumsub.com/).

### Verification Steps

Verification is completed from the Verification Center in the app and has five steps:

1. Provide an identity document
2. Verify your phone number
3. Perform a liveness check
4. Provide personal information
5. Complete a short questionnaire

In APAC countries, a proof of address is also required. Accepted proof of address documents include: utility bills, telecom bills, bank statements, and tax invoices.

### Approval Time

Verification typically takes **a few minutes**. If an application is flagged for manual review, it can take longer, typically 3 to 5 working days.

### Data Handling & Privacy

* **Verification handled externally.** Jupiter does not store or process identity documents. All verification is handled by SumSub.
* **Separated from DeFi.** Jupiter ID is not linked to DeFi wallets. It is used only for Jupiter Spend services and does not grant access to wallet funds.
* **Activity separation.** Onchain activity in DeFi mode is not associated with Jupiter ID.

<Warning>
  Jupiter ID cannot be deleted once created. Once verification is complete, the Jupiter ID cannot be removed.
</Warning>

## How to Get Started

<Steps>
  <Step title="Set up Jupiter ID">
    Open the Jupiter app, tap the profile icon in the top-left corner, and select "Set up Jupiter ID". Sign in with an email, Google, or Apple account.

    <Frame>
      <img alt="Jupiter app home screen with the profile icon in the top-left corner and the card tab in the bottom-right corner" />
    </Frame>
  </Step>

  <Step title="Verify your identity">
    Complete verification from the Verification Center: identity document, phone verification, liveness check, personal information, and a short questionnaire (plus proof of address in APAC regions). Verification typically takes a few minutes.

    <Frame>
      <img alt="The Create your Jupiter ID verification intro screen listing the five steps, with the Start verification button" />
    </Frame>
  </Step>

  <Step title="Fund your account">
    If your funds are in your Jupiter Mobile wallet, use **Send** → **Send to Spend**: it tops up your balance with any token you hold, swapping anything that is not USDC or USDT into USDC on the way, with no address to copy and no wrong token to send. For funds held elsewhere, tap **Deposit** to open the Add Money screen and send USDC or USDT to your deposit address. Deposits are credited one-to-one in USD with no additional fees.

    <Frame>
      <img alt="The Add Money screen with the Deposit Address, From Jupiter Mobile and Bank Transfer options" />
    </Frame>
  </Step>

  <Step title="Start using Jupiter Spend">
    Access the Jupiter Card, QR Pay, or Remittance from the app.

    <Frame>
      <img alt="The Spend home screen with the USD balance, Deposit and Send buttons, and the Card and Rewards tiles" />
    </Frame>
  </Step>
</Steps>

## Key Characteristics

* **Two funding routes.** The Spend deposit address takes USDC (on Solana, Sui, Arbitrum, or Base) or USDT (on Solana), credited one-to-one in USD; from Jupiter Mobile, **Send → Send to Spend** moves any token straight from your wallet, swapping anything that is not USDC or USDT into USDC. Incoming fiat transfers received on the Remittance virtual accounts credit the same balance.
* **Regulated infrastructure.** Card issuance, payments, and transfers are handled by licensed financial partners.
* **Identity required.** Jupiter ID and KYC verification are required before accessing any feature.
* **No custody of wallet funds.** Jupiter does not take custody of the user's DeFi wallet funds. Spend balances are managed by the regulated financial partners.
* **Cashback on card purchases.** Jupiter Card purchases earn automatic cashback at a base rate of 2%. The rate can be raised to 4% through the referral program. QR Pay transactions are not eligible for cashback. See [Rewards & Referrals](/user-docs/global/spend/rewards-and-referrals) and the current [Campaigns](/user-docs/global/spend/campaigns).

<Warning>
  Only send USDC or USDT to your Spend deposit address. Sending any other asset, including SOL, does not credit your Spend balance, and the transfer can be neither reversed nor recovered, by support or by anyone else. This is also true of transfers made in the past.

  From your Jupiter Mobile wallet, prefer **Send** → **Send to Spend**: it takes any token, converts it for you, and removes the risk of sending the wrong one.
</Warning>

For detailed fees and limits by product, see the [Fees & Limits](/user-docs/global/spend/fees-and-limits) page.


# Jupiter Card
Source: https://docs.jup.ag/user-docs/global/spend/jupiter-card

Jupiter Card: a Visa debit card to spend USDC as USD, virtual today with physical cards rolling out; fees, refunds, the Claynosaurz card, mobile wallets, countries.

The Jupiter Card is a Visa debit card that allows users to spend their USDC balance as USD at any merchant that accepts Visa. Users deposit USDC (on Solana, Sui, Arbitrum, or Base) or USDT (on Solana) into their Spend account, where it is converted to USD. This USD balance is what the card draws from.

The card is issued through regulated financial partners and uses credit-card infrastructure, meaning it benefits from higher merchant acceptance, smoother refund and dispute handling, and more consistent performance compared to typical prepaid or debit crypto cards. Jupiter does not issue credit lines — you can only spend what you have deposited.

The card is available as a virtual card through the Jupiter app. Physical cards are rolling out in phases, so the option appears in your account when you are included. Full rollout is planned by the end of 2026.

## Card Issuers

The Jupiter Card is issued by two partners, **Rain** and **DCS**, depending on the user's country of residence. Each user is assigned one card issuer automatically: **DCS** issues cards to residents of Australia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam; residents of the other supported countries get a **Rain**-issued card. It is not possible to hold cards from both issuers.

For fees, spending limits, and regional differences, see the [Fees & Limits](/user-docs/global/spend/fees-and-limits) page.

## Process

<Steps>
  <Step title="Deposit">
    Deposit USDC or USDT via the Jupiter app. Credited one-to-one in USD, no fees on deposit.
  </Step>

  <Step title="Spend">
    Use the card anywhere Visa is accepted. Non-USD payments incur an FX fee (1% Rain, 1.8% DCS). No fee on USD payments.
  </Step>

  <Step title="Manage">
    The **Cards** screen (Spend tab → **Card**) shows each card with **Freeze**, **Show Details**, and **Manage** actions, an **Add to Apple Wallet** / Google Pay button, and the card's transactions. **Add card** (top right) starts a new card order.

    <Frame>
      <img alt="The card management screen showing the virtual Visa card with the Freeze, Show Details and Add to Apple Wallet actions" />
    </Frame>
  </Step>
</Steps>

## Balance

The card balance is held in USD. Conversion from USDC to USD happens at deposit, not at the time of payment.

## Refunds

Refunds can take up to 7 business days to settle back into your card balance, depending on the merchant and the card issuer. Void transactions (where the merchant cancels the charge before final settlement) follow the same timeline.

How a refund appears depends on whether the original transaction has already settled:

* **Transaction still pending:** If the merchant issues a refund or voids the charge before settlement, the original transaction is reversed and will not be deducted from your balance.
* **Transaction already processed:** If the transaction has already settled, the refund appears as a separate credit marked "Reversed" under the original transaction in your history. Refunds are processed at the FX rate of the day the refund is issued, not the original transaction rate. The FX fee on the original payment is not refunded.

If you have not received your refund after 7 business days, contact support with the original transaction details.

<Note>
  **Card orders are non-refundable.** Once a virtual or physical card is ordered, the order cannot be refunded. This is separate from merchant refunds, which follow the rules above.
</Note>

## Lost or Stolen Card

If your card is lost, stolen, or you suspect unauthorised use, please freeze your card immediately from the Jupiter app to block any further transactions. Then reach out to the support team to deactivate the existing card and get a replacement.

## Cashback

All qualifying card purchases earn automatic cashback at a base rate of 2%. A higher rate and cap can be unlocked through the referral program. See [Rewards & Referrals](/user-docs/global/spend/rewards-and-referrals) for details.

## Adding to Mobile Wallets

<Tabs>
  <Tab title="Apple Pay">
    1. Open Apple Wallet → tap the **+** icon.
    2. Select **Debit or Credit Card** → tap **Continue**.
    3. Enter card details (found under "Show Details" in the Jupiter app).
    4. Complete verification in Apple Wallet.
  </Tab>

  <Tab title="Google Pay">
    1. Open Google Wallet → tap **"+ Add to Wallet."**
    2. Select **Payment method** → enter card details manually.
    3. Accept the issuer's terms → choose verification method (SMS or email).
    4. Enter the OTP to verify.
  </Tab>
</Tabs>

There are no Jupiter fees for adding or using the card via Apple Pay or Google Pay. The standard FX fee (set by the issuer) still applies on non-USD payments.

<Note>
  Apple Pay and Google Pay availability depends on the region. In some countries where the Jupiter Card is supported, the card cannot be added to Apple Pay or Google Pay because the service does not support it there. This is a restriction from Apple or Google, not from Jupiter.
</Note>

## Physical Card

Physical cards are rolling out in phases. Once they are available in your account, you can order one from the cards page in the Jupiter app. The card costs \$13.13 plus shipping, both charged to your Spend balance, and shipping prices are shown before you confirm. If your available balance is \$1,500 or more when you order, you get \$30 off shipping in any country, but only on a tracked shipping option: an untracked option is not discounted. In the US, the \$30 covers the full cost of the tracked option.

Both the virtual and the physical card have a PIN, which you can view and change in the app.

## Claynosaurz Card

The Claynosaurz card is a co-branded Jupiter × Claynosaurz Visa Platinum card. It is available as a virtual card in two designs, Gold and Platinum. It works like any Jupiter Card: it spends your Spend balance anywhere Visa is accepted and can be added to Apple Pay or Google Pay in supported countries.

Both new and existing users can get it. If you already have a Jupiter Card, add the Claynosaurz card as an additional card from the **Cards** screen.

<Steps>
  <Step title="Open the Spend tab">
    Open Jupiter Mobile and go to the Spend tab.
  </Step>

  <Step title="Verify your identity">
    Complete Jupiter ID verification if you have not done so yet.
  </Step>

  <Step title="Order the card">
    Tap **Card** → **Add card** → **Virtual card**, pick the Claynosaurz design, and order.
  </Step>
</Steps>

| | Claynosaurz card |
| - | - |
| Price | \$25 (Claynosaurz virtual card) |
| Cashback | Standard [cashback](/user-docs/global/spend/rewards-and-referrals#cashback): 2%, up to \$100 per calendar month. The monthly cap applies to your account, across all your cards. |
| FX fees | Paid back in full on spend made with the Claynosaurz card: the first \$10,000 of non-USD spend each calendar month, up to \$100 a month, until the end of 2026. See [FX rebate](#fx-rebate). |
| Availability | Residents of the [supported countries](#supported-countries), except the Philippines, Vietnam, Taiwan, and South Korea. |

Perks for Claynosaurz holders are announced on the [Claynosaurz](https://x.com/claynosaurz) and [Jupiter Mobile](https://x.com/jup_mobile) X accounts. More details on the [Claynosaurz × Jupiter Card page](https://jupiter.global/claynosaurz).

### FX Rebate

The FX rebate covers only payments made with the Claynosaurz card, not your other cards. FX fees are charged as usual when you pay, then added up over the month and credited back in one batch at the end of the month. The first rebates, for September 2026, are distributed in the first week of October 2026.

Track your rebate on the **Cards** screen: the **Claynosaurz 0% FX** tracker below the card shows the amount rebated so far against the \$100 monthly cap, and the date it resets. A payment appears in the tracker only once the transaction is confirmed, so a pending payment is not counted yet.

## Supported Countries

Eligibility is based on your country of residence, not your citizenship: a citizen of an unsupported country who resides in a supported one can be onboarded after completing identity verification. The list below shows where the Jupiter Card is actively offered.

<Note>
  **Country not listed?** Eligibility is reviewed case by case during KYC, and proof of address is usually required.
</Note>

Antigua & Barbuda, Argentina, Australia, Bahamas, Bangladesh *(on pause until further notice)*, Barbados, Belize, Bolivia, Brazil, Cayman Islands, Colombia, Costa Rica, Côte d'Ivoire, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Ghana, Grenada, Guatemala, Guyana, Honduras, Japan, Kenya, Malaysia, Mexico, Morocco, New Zealand, Nigeria *(on pause until further notice)*, Pakistan, Panama, Paraguay, Peru, Philippines, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Senegal, Singapore, South Africa, South Korea, Suriname, Taiwan, Thailand, Trinidad and Tobago, Turks & Caicos Islands, Uganda, United Arab Emirates, Uruguay, Vietnam, Zambia.

### Supported US States

Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Texas, Utah, Virginia, West Virginia, Wyoming.

## Limitations

* Physical cards are rolling out in phases.
* Card orders, virtual or physical, are non-refundable once placed.
* Withdrawals are region-dependent and not universally available.
* USDC and USDT are the only assets the Spend deposit address accepts. Other tokens work only through **Send to Spend** in Jupiter Mobile, which converts them.
* Transaction notifications are not yet available.

For risk information (regulatory, issuer, FX), see the [Risks & Security](/user-docs/global/spend/risks-and-security) page.

***

<Info>
  Have questions about the Jupiter Card? See the [FAQ](/user-docs/global/spend/faq#cards).
</Info>


# Jupiter QR Pay
Source: https://docs.jup.ag/user-docs/global/spend/qr-pay

How Jupiter QR Pay works, where it's available, and its limitations.

Jupiter QR Pay is a scan-to-pay solution available in the Asia-Pacific region. It supports merchant payments directly from the user's Spend account. No fees for either party.

The Spend account is funded by depositing USDC (on Solana, Sui, Arbitrum, or Base) or USDT (on Solana) through the Jupiter app, or by sending any token from a Jupiter Mobile wallet with **Send to Spend**. The deposit is converted to USD at the time of deposit. QR Pay draws from this USD balance.

## How It Works

<Steps>
  <Step title="Scan QR code">
    The user scans a merchant QR code to initiate the payment. The scanner is opened from the Spend home screen, using the scan button in the top-right corner.
  </Step>

  <Step title="Payment debited">
    The payment is debited from the user's Spend account balance (held in USD). When the payment is in a non-USD currency, conversion is done at the market rate.
  </Step>

  <Step title="Settlement">
    The payment is settled through a local payment processor. The recipient receives funds via local rails.
  </Step>
</Steps>

Merchants do not need to register with Jupiter or integrate any Jupiter-specific system to accept QR Pay payments.

QR Pay transactions are not eligible for cashback. Only Jupiter Card purchases earn cashback. See [Rewards & Referrals](/user-docs/global/spend/rewards-and-referrals) for full details.

## Availability

QR Pay depends on your card. It is currently available on DCS-issued cards only; cards issued by Rain do not support QR Pay yet. In some countries, cards activated after a certain date do not support QR Pay either. See [Which Cards Support QR Pay](#which-cards-support-qr-pay) below.

### Where You Can Pay

If your card supports QR Pay, you can pay at any of these QR networks:

| Country | QR Network |
| - | - |
| Cambodia | KHQR |
| Indonesia | QRIS |
| Malaysia | DuitNow |
| Mongolia | QPay |
| Philippines | QR Ph |
| Singapore | SG QR *(temporarily unavailable)* |
| Thailand | PromptPay *(temporarily unavailable)* |
| Vietnam | VietQR |

### Which Cards Support QR Pay

| Card issued in | QR Pay |
| - | - |
| Vietnam, Philippines, South Korea, Taiwan | All cards |
| Malaysia | Cards activated before May 13, 2026 |
| Thailand | Cards activated before May 28, 2026 |
| Singapore | Cards activated before mid-May 2026 |

QR Pay support for newer cards is planned, as is paying by QR directly from onchain accounts (identity verification will still be required). Timelines will be announced.

## Fees & Limits

No fees for either the payer or the recipient, including FX conversion. The daily limit is \$5,000 and the per-transaction limit is \$500. For full details, see the [Fees & Limits](/user-docs/global/spend/fees-and-limits#qr-pay) page.

## Limitations

* **Geographic availability.** QR Pay is only available in the APAC countries listed above.
* **Card support.** QR Pay is available on DCS-issued cards only for now. Depending on where your card was issued and when it was activated, QR Pay may not be supported yet. See [Which Cards Support QR Pay](#which-cards-support-qr-pay).
* **Daily limit.** Transactions are capped at \$5,000 per day.
* **Per-transaction limit.** Each transaction is capped at \$500.
* **P2P availability.** P2P (person-to-person) payments are available in select regions; elsewhere QR Pay supports merchant payments only.
* **No cashback.** QR Pay transactions do not earn cashback.
* **Spend account required.** Requires a funded Spend account and completed Jupiter ID verification.

For risk information (regulatory, issuer, FX), see the [Risks & Security](/user-docs/global/spend/risks-and-security) page.

***

<Info>
  Have questions about QR Pay? See the [FAQ](/user-docs/global/spend/faq#qr-pay).
</Info>


# Global Fiat Remittance
Source: https://docs.jup.ag/user-docs/global/spend/remittance

Virtual accounts, SWIFT transfers, local payouts, and how Global Fiat Remittance works.

Global Fiat Remittance allows Jupiter Spend users to send and receive fiat through virtual accounts, SWIFT transfers, and local payouts. Incoming transfers received on your virtual accounts fund your Spend balance directly, the same balance used by the Jupiter Card and QR Pay.

## How It Works

<Steps>
  <Step title="Receive virtual accounts">
    Once Jupiter ID verification is complete, users receive virtual accounts in USD and EUR. Each account includes standard banking identifiers for its currency. EUR account availability may depend on your country of residence.
  </Step>

  <Step title="Fund your accounts">
    Virtual accounts are funded by incoming fiat transfers from external bank accounts; the received funds credit your Spend balance. USDC cannot be deposited directly into virtual accounts.

    <Note>
      Bank deposits are temporarily unavailable in California, New York, Connecticut, and Puerto Rico.
    </Note>
  </Step>
</Steps>

## Local Payouts

In addition to SWIFT, users can send local payouts in the following currencies:

AED, BRL, CAD, EUR, GBP, IDR, INR, MYR, NGN, PHP, SGD, THB, TRY, USD, VND.

Support for JPY, MAD, MXN, SAR, and TWD is planned.

## Fees & Limits

Transfers carry fees on both deposits and payouts, and they vary by rail and destination currency. Currency conversions are done at the market rate. The per-transfer limit is \$10,000. For the current fee tables, see the [Fees & Limits](/user-docs/global/spend/fees-and-limits#remittance) page.

## Limitations

* **Per-transfer limit.** Each transfer is currently capped at \$10,000.
* **Spend account required.** Requires completed Jupiter ID verification.
* **USDT deposits.** USDT deposits cannot be withdrawn to fiat. Only USDC deposits can be withdrawn to fiat.
* **Corridor availability.** While SWIFT covers over 200 countries, specific corridors may be subject to restrictions depending on the recipient's bank and local regulations.
* **Bank deposits in the US.** Bank deposits are temporarily unavailable in California, New York, Connecticut, and Puerto Rico.

- **Fee structure may change.** Deposits and payouts carry a fixed fee plus a variable fee that depend on the rail and currency, and these may be updated as the product evolves. See [Fees & Limits](/user-docs/global/spend/fees-and-limits#remittance) for current values.
- **EUR remittance.** EUR remittances are supported via SEPA only. SWIFT transfers are not supported and may fail or not be credited.

For risk information (regulatory, issuer, FX), see the [Risks & Security](/user-docs/global/spend/risks-and-security) page.

***

<Info>
  Have questions about Remittance? See the [FAQ](/user-docs/global/spend/faq#bank-transfer).
</Info>


# Rewards & Referrals
Source: https://docs.jup.ag/user-docs/global/spend/rewards-and-referrals

Cashback rewards on every purchase, and referral bonuses for inviting friends to Jupiter Spend.

Jupiter Spend rewards users for spending and for growing the community. Cashback is earned automatically on qualifying purchases, and referral rewards are paid when invited friends sign up and start spending.

## Cashback

Every qualifying card purchase earns cashback. It is credited automatically to the Rewards balance after the transaction settles. No activation is needed.

### Cashback Rate

All qualifying card purchases earn a base cashback rate of 2%, up to a monthly cap of \$100. The cap applies to your account as a whole, across all cards under the same Jupiter ID.

You can raise your cashback rate to 4% (with a monthly cap of \$200) for a given month by referring at least 2 qualifying people during the previous calendar month. A qualifying referral is a friend who completes KYC and spends at least \$50 on their Jupiter Card. Referring only 1 person does not unlock the higher rate.

When unlocked, the 4% rate applies for the following calendar month. Your current rate and monthly progress are visible on the Rewards screen in the app.

<Frame>
  <img alt="The Rewards screen showing the current cashback rate at 2% base tier, the Refer button, and the monthly cashback limit progress bar" />
</Frame>

### Rewards Balance

Your rewards balance is held in USDC. You can withdraw any amount from your Rewards balance to your card balance at any time. Withdrawals are instant with no fees.

Direct withdrawal from the Rewards balance to an external wallet is not available: rewards move to your card balance first, and from there funds can leave Spend through the withdrawal options available in your region.

### When Is Cashback Credited?

Cashback is credited after the transaction fully settles, not at the point of payment. While a transaction is pending, a "Processing" entry appears in the Rewards tab. Once settlement is confirmed, it updates to earned and is added to the available balance.

## Referral Program

Invite friends to Jupiter Spend using your unique referral link. When they sign up, complete KYC, and start spending, you both earn rewards.

### How It Works

<Steps>
  <Step title="Share your referral link">
    Go to the Rewards screen and tap **Refer**. Copy your link or share it via WhatsApp, Telegram, SMS, or any other app.
  </Step>

  <Step title="Your friend signs up">
    Your friend opens the link, creates an account, and completes KYC verification.
  </Step>

  <Step title="You earn your reward">
    Once your friend spends at least \$50 on their Jupiter Card within 30 days of KYC approval, you receive \$10.
  </Step>

  <Step title="Your friend earns their reward">
    Once your friend spends \$1,000 within 30 days of card activation, they receive \$20.
  </Step>
</Steps>

<Note>
  The 30-day windows start from different dates: yours starts from your friend's KYC approval, theirs starts from their card activation.
</Note>

### Referral Rewards

| | You (referrer) | Your friend |
| - | - | - |
| Reward | \$10 | \$20 |
| Condition | Friend spends \$50 within 30 days of KYC approval | Friend spends \$1,000 within 30 days of card activation |

Reward amounts are denominated in USD and credited to the Rewards balance, which is held in USDC. They are paid out when the qualifying milestone is reached. There is no cap on the number of referrals. Referral rewards do not count toward the monthly cashback cap.

<Note>
  Only transactions fully settled and completed within the 30 days of card activation are eligible. Any transaction that settles outside this timeframe will not be counted towards the eligible spend.
</Note>

### What Happens If the Milestone Is Not Reached?

If your friend does not spend \$50 within 30 days of KYC approval, the referral expires and you do not receive a reward. Your friend can still use Jupiter Spend normally.

## Ineligible Transactions for Cashback & Rewards

Cashback and referral rewards do not apply to transactions including, but not limited to:

* ATM withdrawals and cash disbursements
* P2P transfers
* QR Payments
* Refunded, reversed, disputed, or chargeback transactions
* Fees and charges
* Financial services (e.g. securities trading, brokerage services, insurance payments, real estate rentals, savings bonds, and other financial institution services)
* Money transfers, remittances, stored-value loads, and account funding transactions
* Quasi-cash and cash equivalents (e.g. cryptocurrency purchases, money orders, traveller's cheques, and similar instruments)
* Gambling-related transactions (e.g. casinos, betting, lotteries, and horse/dog racing)
* Government-related payments (e.g. taxes, fines, court costs, bail and bond payments, postal services, and other government services)
* Transactions identified by our fraud, abuse, or risk control systems, including suspicious spending patterns, rewards farming, self-referrals, manufactured spend, or transactions with merchants associated with abusive activity

Transactions falling under the above categories, including but not limited to similar or related transactions, will **not** earn cashback or referral rewards.

## Fraud & abuse controls

Jupiter runs fraud and abuse checks across spend, cashback, and referral activity. Rewards may be withheld or reversed where we detect:

* Suspicious activity or transactions, including any pattern flagged by our internal monitoring as inconsistent with legitimate card use
* Self-referral or referral-ring patterns (shared device, IP, payment instrument, or KYC artefacts)
* Manufactured spend, structuring, or velocity patterns inconsistent with normal card use
* Spend at merchants linked to known abuse clusters
* Activity from accounts with active freezes, sanctions hits, or unresolved KYC flags

Cashback and referral rewards are discretionary. We reserve the right to adjust, withhold, or reverse rewards at any time, and to update this list without prior notice.

## Terms & Conditions

The full Cashback & Referral Program Terms and Conditions are available here: [Cashback & Referral Program Terms and Conditions (PDF)](https://jupiter-global-assets.jup.ag/a3f91c2d-v2.pdf) (effective March 26, 2026).

Please note that **we reserve the right to update, amend, suspend, or discontinue any aspect of the Rewards and referral programs** at any time. The most current version of the Terms & Conditions is always available in the app.

***

<Info>
  Have questions about cashback or referrals? See the [FAQ](/user-docs/global/spend/faq#rewards).
</Info>


# Risks & Security
Source: https://docs.jup.ag/user-docs/global/spend/risks-and-security

Risks that apply across all Jupiter Spend products.

<Warning>
  Users should understand these risks before using any Jupiter Spend feature.
</Warning>

Jupiter Spend is a suite of regulated financial services built on the Solana blockchain. While it provides access to traditional payment infrastructure, it carries risks inherent to both crypto-to-fiat conversion and reliance on third-party financial partners.

## Regulatory & Availability Risk

Jupiter Spend products are available in selected countries and regions. Availability depends on the user's country of residence and applicable regulations. Supported regions, features, and limits may change over time.

## Issuer & Partner Risk

Jupiter Spend relies on regulated financial partners to issue cards, process payments, and handle transfers. Each product is operated through a different partner:

| Product | Partner |
| - | - |
| Jupiter Card | Rain and DCS |
| Card withdrawals (off-ramp) | Noah |
| QR Pay | DCS |
| Remittance | Noah |

Users are subject to the terms, conditions, and operational stability of these partners. Jupiter does not take custody of wallet funds. Card balances, QR Pay balances, and remittance funds are managed by the issuing partners.

## Foreign Exchange Risk

Payments and transfers involving non-USD currencies are subject to foreign exchange conversion. QR Pay and Remittance convert at the market rate. The Jupiter Card applies an FX fee (1% Rain, 1.8% DCS), set by the issuer, on top of the conversion rate.

## Product-Specific Limitations

Each product page includes its own limitations section with details specific to that product:

* [Jupiter Card — Limitations](/user-docs/global/spend/jupiter-card#limitations)
* [Jupiter QR Pay — Limitations](/user-docs/global/spend/qr-pay#limitations)
* [Global Fiat Remittance — Limitations](/user-docs/global/spend/remittance#limitations)


# How a DTF launch works
Source: https://docs.jup.ag/user-docs/launch/dtf/how-it-works

Detailed breakdown of the DTF launch process: curation, phases, token claiming, allocation locking, and liquidity provisioning.

Every DTF launch follows the same general flow, but the specific parameters (number of phases, pricing, vesting, limits) are configured per project. This page describes the mechanics that apply to all launches.

## Project selection and curation

Before a project can launch on DTF, it goes through a vetting process run by the Jupiter team. The evaluation covers:

* **Market suitability.** Does the project address a real need? Is the timing appropriate?
* **Valuation.** Is the proposed valuation reasonable relative to the project's stage and market conditions?
* **Commitment to transparency.** Is the team willing to lock allocations on-chain and provision liquidity at TGE?

Projects that pass this evaluation enter a collaboration phase with the Jupiter team to design the launch structure. Only launches that the Jupiter team reasonably deems beneficial for the crypto ecosystem will proceed.

<Info>
  Not every project that applies to DTF will be approved. The curation process is selective by design.
</Info>

## Launch phases

A DTF launch consists of one or more phases. Each phase targets a specific group of participants and has its own set of parameters.

<AccordionGroup>
  <Accordion title="What defines a phase?">
    Each phase is configured independently with:

    * **Eligible participants.** Who can buy during this phase (e.g. whitelisted wallets, \$JUP stakers, public).
    * **Price.** The price per token for that phase. Different phases can have different prices.
    * **Vesting schedule.** Some phases may include vesting (tokens unlock over time). Others may not.
    * **Purchase limits.** Minimum and/or maximum purchase amounts per wallet, set per phase.
  </Accordion>

  <Accordion title="Are phases the same for every launch?">
    No. The number of phases, their order, and their parameters are decided per project in collaboration with the Jupiter team. One launch might have three phases (whitelist, stakers, public), another might have two or just one.
  </Accordion>

  <Accordion title="How do I know which phase I'm eligible for?">
    Eligibility criteria are published before each launch on the DTF interface. Check the specific launch page for details on phases and requirements.
  </Accordion>
</AccordionGroup>

## Purchasing tokens

During an active phase, eligible wallets can purchase tokens directly through the DTF interface.

Key points:

* **No platform fees for buyers.** Jupiter does not charge buyers any additional fee on top of the token price. Standard Solana network fees still apply.
* **Purchase limits vary.** Each launch and each phase can define its own minimum and maximum purchase amounts per wallet.
* **Eligibility varies.** Some launches may require whitelist approval, \$JUP staking, or other criteria. \[PENDING] Countries on the FATF list are excluded, but the exact scope of "FATF countries" (blacklist/greylist vs. all member countries) is being clarified.

## What happens at TGE

When the token sale concludes and TGE occurs, two things happen simultaneously:

<CardGroup>
  <Card title="Allocation locking" icon="lock">
    All tokens that were **not part of the sale** (team allocations, ecosystem reserves, treasury, etc.) are locked on-chain using [Jup Lock](/user-docs/launch/lock). Vesting schedules are enforced by the program, not by the team. This means the declared allocation and unlock timeline is publicly verifiable and cannot be changed after TGE.
  </Card>

  <Card title="Liquidity provisioning" icon="droplet">
    A liquidity pool on Meteora is provisioned from a portion of the sale proceeds. This happens immediately at TGE, guaranteeing that buyers have access to liquidity from day one. The exact portion allocated to liquidity depends on the agreement between the Jupiter team and the project.
  </Card>
</CardGroup>

## Claiming tokens

After TGE, wallets that contributed to the sale can claim their tokens through the DTF interface.

* If the phase you participated in has **no vesting**, your full allocation is claimable at TGE.
* If the phase you participated in has **a vesting schedule**, tokens unlock progressively according to the schedule. The vesting is enforced on-chain by the presale program. You can claim unlocked tokens at any time through the DTF interface.

<Note>
  Vesting applies per phase. Two participants who bought in different phases may have different vesting schedules for the same token.
</Note>

## If a launch doesn't sell out

If a launch does not sell all available tokens:

* Tokens are distributed to all contributors based on their purchases.
* The remaining unsold tokens are returned to the project.

## If a launch doesn't reach minimum cap

<Info>
  \[PENDING] The refund mechanic is confirmed to exist but details are being clarified. What is known: if a launch sets a minimum cap and that cap is not reached, contributors are eligible for a refund. Not all launches include a minimum cap. No minimum cap has been implemented on any launch so far.
</Info>

## On-chain transparency summary

| What | How it's enforced |
| - | - |
| Token allocations (non-sale) | Locked via Jup Lock at TGE. Vesting schedules are on-chain and publicly verifiable. |
| Sale vesting (if applicable) | Enforced by the presale program. Unlocks follow the declared schedule. |
| Liquidity pool | Provisioned on Meteora at TGE from a portion of sale proceeds. |
| Allocation breakdown | All categories (team, ecosystem, sale, liquidity, etc.) are visible on-chain after TGE. |


# Jupiter DTF
Source: https://docs.jup.ag/user-docs/launch/dtf/overview

A curated, on-chain token launch platform operated by Jupiter.

Jupiter Decentralized Token Formation (DTF) is a token launch platform built and operated by the Jupiter team, live at [dtf.jup.ag](https://dtf.jup.ag/). It provides a structured environment for vetted projects to launch their tokens directly to buyers, with full on-chain transparency on allocations and vesting.

<Info>
  DTF is fully managed by Jupiter. There are no external partners involved in the curation or launch process.
</Info>

## Why DTF exists

Token launches in crypto often lack transparency: unclear allocations, opaque vesting, and no guarantee of immediate liquidity. DTF addresses this by enforcing three things at the protocol level:

* **On-chain allocation locking.** All tokens not sold during the launch are locked using [Jup Lock](/user-docs/launch/lock), with vesting schedules enforced by the program.
* **Immediate liquidity.** A liquidity pool on Meteora is provisioned from a portion of the sale proceeds at Token Generation Event (TGE), so buyers have access to liquidity from day one.
* **Curated launches only.** Every project goes through a vetting process before being approved. Not every project that applies will launch on DTF.

## How it works at a high level

<Steps>
  <Step title="Project selection">
    The Jupiter team evaluates the project's market suitability, valuation, and commitment to transparency. Only projects deemed beneficial for the ecosystem are approved.
  </Step>

  <Step title="Launch configuration">
    The Jupiter team works with the project to define the launch structure: number of phases, pricing, vesting conditions, purchase limits, and eligibility criteria. These parameters vary per launch.
  </Step>

  <Step title="Token sale">
    The launch opens to buyers in one or more phases (e.g. whitelist, \$JUP stakers, public). Each phase can have its own price, vesting schedule, and purchase limits.
  </Step>

  <Step title="TGE and post-launch">
    At TGE, all non-sale token allocations are locked on-chain via Jup Lock. A liquidity pool is immediately provisioned on Meteora. Buyers can claim their tokens through the DTF interface, following any applicable vesting schedule.
  </Step>
</Steps>

## What DTF does not do

<Warning>
  Curation is not an endorsement. Approval to launch on DTF does not mean Jupiter guarantees the project's success, token value, or long-term viability. Buyers should always do their own research.
</Warning>

* DTF does not guarantee any return or token price performance.
* DTF does not remove the inherent risks of participating in a token launch.
* Vesting schedules mean some or all purchased tokens may not be immediately available.

## Key terms

| Term | Definition |
| - | - |
| **DTF** | Decentralized Token Formation. Jupiter's curated token launch platform. |
| **TGE** | Token Generation Event. The moment the token is created on-chain and allocations are distributed or locked. |
| **Jup Lock** | Jupiter's on-chain token locking program, used to enforce vesting schedules for non-sale allocations. |
| **Phase** | A distinct stage of a token sale (e.g. whitelist phase, staker phase, public phase). Each phase has its own parameters. |
| **Vesting** | A schedule that controls when purchased or allocated tokens become claimable. Enforced on-chain by the presale program. |

<CardGroup>
  <Card title="How a launch works" icon="rocket" href="/user-docs/launch/dtf/how-it-works">
    Detailed walkthrough of the launch process: phases, claiming, locking, and LP provisioning.
  </Card>
</CardGroup>


# Jupiter Lock FAQ
Source: https://docs.jup.ag/user-docs/launch/lock/faq

Frequently asked questions about Jupiter Lock: creating locks, vesting schedules, claiming tokens, and security.

## General

<AccordionGroup>
  <Accordion title="What is Jupiter Lock?">
    Jupiter Lock is a free token locking and vesting tool on Solana. It allows anyone to create onchain escrows that hold tokens and release them according to a defined vesting schedule.
  </Accordion>

  <Accordion title="Who can create a lock?">
    Anyone with a Solana wallet. There are no restrictions on who can create a lock. Multisig wallets are also supported.
  </Accordion>

  <Accordion title="Are there any fees?">
    No. Jupiter Lock has no protocol fees. You only pay standard Solana network fees for transactions (creating a lock, claiming tokens, etc.). Jupiter Lock is a public good.
  </Accordion>

  <Accordion title="Is Jupiter Lock audited?">
    Yes. The program has been audited by OtterSec and Sec3. Read the [OtterSec](https://github.com/jup-ag/docs/blob/main/static/files/audits/lock-ottersec.pdf) and [Sec3](https://github.com/jup-ag/docs/blob/main/static/files/audits/lock-sec3.pdf) reports.
  </Accordion>
</AccordionGroup>

## Creating a Lock

<AccordionGroup>
  <Accordion title="What tokens can I lock?">
    Jupiter Lock supports SPL tokens on Solana.
  </Accordion>

  <Accordion title="Can I create a simple lock with no gradual vesting?">
    Yes. Set the cliff unlock amount to the full token amount. Since nothing remains to vest after the cliff, all tokens become claimable at the cliff date. The vesting duration and frequency have no effect in this case.
  </Accordion>

  <Accordion title="Can I create one lock for multiple recipients?">
    No. Each lock has exactly one recipient wallet. To distribute tokens to multiple wallets, create a separate lock for each recipient.
  </Accordion>

  <Accordion title="Is there a minimum or maximum lock duration?">
    No. There are no limits on lock duration or token amount.
  </Accordion>

  <Accordion title="Can I modify a lock after creation?">
    No. Vesting parameters (cliff date, vesting duration, token amount, frequency) are permanent once the lock is created. The only actions possible after creation are changing the recipient wallet or cancelling the lock, and only if the corresponding permissions were set at creation.
  </Accordion>

  <Accordion title="What are permissions in Jupiter Lock?">
    When creating a lock, the creator defines two permissions:

    * **Recipient change:** who can reassign the lock to a different wallet (creator, recipient, both, or none).
    * **Cancel:** who can cancel the lock entirely (creator, recipient, both, or none).

    These permissions are set once and cannot be modified. If both are set to "none," the lock is fully irreversible.
  </Accordion>
</AccordionGroup>

## Claiming Tokens

<AccordionGroup>
  <Accordion title="How do I claim my tokens?">
    Connect your recipient wallet to the [Jupiter Lock interface](https://lock.jup.ag/). The UI shows how many tokens have vested and are available to claim. You trigger a claim transaction to transfer them to your wallet.
  </Accordion>

  <Accordion title="Are unlocked tokens sent automatically?">
    No. The recipient must manually claim unlocked tokens through the Jupiter Lock interface.
  </Accordion>

  <Accordion title="Do unclaimed tokens expire?">
    No. Unclaimed tokens remain in the escrow indefinitely. You can claim them at any time after they have vested.
  </Accordion>
</AccordionGroup>

## Security and Risks

<AccordionGroup>
  <Accordion title="What happens if my wallet is compromised?">
    There is no built-in recovery mechanism. If the recipient wallet is compromised, the only option is if the lock was created with permissions allowing the creator to change the recipient or cancel the lock. If those permissions were not set, the tokens are only claimable by the compromised wallet.
  </Accordion>

  <Accordion title="What happens if the locked token loses value or liquidity?">
    Jupiter Lock only manages the escrow and vesting schedule. It does not monitor or react to changes in the token itself. If the token loses value or liquidity, the lock still functions as configured, but the tokens may have no practical value when claimed.
  </Accordion>

  <Accordion title="Is the Lock program immutable?">
    No. The program is upgradeable, but updates are only made when critical. The program has been audited by OtterSec and Sec3.
  </Accordion>
</AccordionGroup>

## Relationship to Other Jupiter Products

<AccordionGroup>
  <Accordion title="Is Jupiter Lock a standalone tool?">
    Yes. Jupiter Lock has no technical dependency on other Jupiter products. It can be used independently by anyone.
  </Accordion>

  <Accordion title="How is Jupiter Lock used in DTF launches?">
    During [Jupiter DTF](/user-docs/launch/dtf/overview) token launches, all non-sale token allocations (team tokens, ecosystem reserves, etc.) are locked using Jupiter Lock. This enforces onchain transparency for vesting schedules. However, Lock itself is not limited to DTF and can be used for any purpose.
  </Accordion>
</AccordionGroup>


# How Jupiter Lock Works
Source: https://docs.jup.ag/user-docs/launch/lock/how-it-works

Vesting model, lock parameters, permissions, claiming, and onchain mechanics.

Jupiter Lock allows anyone to create an onchain escrow that holds tokens and releases them according to a defined vesting schedule. This page covers the full mechanics: how vesting works, what parameters are set at creation, how permissions and claiming work, and what happens onchain.

## Vesting Model

Every lock created on Jupiter Lock follows a **cliff + linear vesting** model. The vesting schedule is defined at creation and cannot be changed afterward.

<Tabs>
  <Tab title="Cliff + Linear Vesting">
    This is the standard configuration. The vesting schedule has two phases:

    1. **Cliff phase.** No tokens are available until the cliff date. On that date, a predefined amount (the cliff unlock amount) becomes claimable immediately.
    2. **Linear vesting phase.** After the cliff, the remaining tokens unlock gradually over the defined vesting duration, at a set frequency (minute, day, week, month, or year).

    **Example:** A lock of 120,000 tokens with a 3-month cliff of 20,000 tokens, then linear monthly vesting over 10 months. At the cliff date, 20,000 tokens unlock. Then 10,000 tokens unlock each month for 10 months.
  </Tab>

  <Tab title="Simple Lock (Full Release at One Date)">
    To create a lock with no gradual vesting, set the cliff unlock amount to the full token amount. Since nothing remains after the cliff, the vesting duration and frequency have no effect. All tokens become claimable at the cliff date.

    **Example:** A lock of 100,000 tokens with a cliff unlock amount of 100,000 and a cliff date of January 1, 2026. All tokens become claimable on that date. No linear vesting occurs.
  </Tab>
</Tabs>

<Info>
  There is no minimum or maximum for lock duration or token amount.
</Info>

## Lock Parameters

When creating a lock, the following parameters are defined. All parameters except permissions are **permanent** once the lock is created.

| Parameter | Description |
| - | - |
| **Token** | The SPL token to lock. |
| **Total amount** | The total number of tokens to deposit into the escrow. |
| **Recipient wallet** | The wallet address that will be able to claim unlocked tokens. |
| **Cliff date** | The date at which the cliff amount becomes claimable. No tokens are accessible before this date. |
| **Cliff unlock amount** | The number of tokens that unlock at the cliff date. This is an absolute token amount, not a percentage. |
| **Vesting duration** | The total duration of the linear vesting phase, starting after the cliff date. |
| **Vesting frequency** | How often tokens unlock during the linear vesting phase. Options: minute, day, week, month, or year. |
| **Recipient change permission** | Who is allowed to change the lock recipient: creator, recipient, both, or none. |
| **Cancel permission** | Who is allowed to cancel the lock: creator, recipient, both, or none. |

Each lock has exactly one recipient. To distribute tokens to multiple wallets, create one lock per recipient.

<Warning>
  All vesting parameters (cliff date, cliff amount, vesting duration, frequency, token, total amount) are permanent once the lock is created. They cannot be modified, extended, or reduced after creation. Only the recipient wallet and lock cancellation are actionable post-creation, depending on the permissions set.
</Warning>

## Permissions

At creation, the lock creator assigns two permissions:

**Who can change the recipient.** This determines which party (creator, recipient, both, or none) can reassign the lock to a different wallet after creation.

**Who can cancel the lock.** This determines which party (creator, recipient, both, or none) can cancel the lock entirely.

These permissions are set once and cannot be changed after the lock is created.

<Info>
  If both permissions are set to "none," the lock becomes fully irreversible: it cannot be cancelled and the recipient cannot be changed.
</Info>

## Claiming Tokens

Unlocked tokens are not sent automatically. The recipient must manually claim them through the [Jupiter Lock interface](https://lock.jup.ag/).

<Steps>
  <Step title="Connect wallet">
    The recipient connects the wallet specified in the lock.
  </Step>

  <Step title="View available tokens">
    The interface shows how many tokens have vested and are available to claim.
  </Step>

  <Step title="Claim">
    The recipient triggers a claim transaction. Claimed tokens are transferred from the escrow to the recipient's wallet.
  </Step>
</Steps>

Unclaimed tokens remain in the escrow indefinitely. There is no expiration on the right to claim.

## Token Compatibility

Jupiter Lock supports **SPL tokens** on Solana.

## Onchain Mechanics

When a lock is created, an **escrow account** is deployed onchain. The locked tokens are transferred from the creator's wallet to this escrow account. The escrow is controlled by the Jupiter Lock program.

Tokens remain in the escrow until claimed by the recipient according to the vesting schedule.

<Info>
  The Jupiter Lock program is upgradeable. Due to the sensitive nature of the program, updates are only made when critical. The program has been audited by OtterSec and Sec3.
</Info>

## Risks and Limitations

<Warning>
  **Immutable vesting parameters.** Vesting schedule, token amount, cliff date, and durations cannot be changed after creation. Only recipient change and cancellation are possible, and only if the corresponding permissions were granted at creation.
</Warning>

<Warning>
  **No recovery for compromised wallets.** If the recipient's wallet is compromised, there is no built-in recovery mechanism. The only option is if the lock was created with permissions allowing the creator to change the recipient or cancel the lock.
</Warning>

<Warning>
  **Token-side risks are not handled.** Jupiter Lock manages the escrow and vesting schedule only. It does not monitor or react to changes in the token itself (loss of liquidity, mint authority changes, token deprecation). If the locked token becomes worthless or illiquid, the lock still functions as configured, but the claimed tokens may have no practical value.
</Warning>

<Warning>
  **Upgradeable contract.** The Jupiter Lock program is upgradeable. While updates are rare and reserved for critical fixes, the program authority has the technical ability to modify the program's behavior. The program is audited, but the upgrade capability is a factor to be aware of.
</Warning>


# Jupiter Lock Overview
Source: https://docs.jup.ag/user-docs/launch/lock/index

A free token locking and vesting tool on Solana.

Jupiter Lock is a token locking tool on Solana that allows anyone to create onchain escrows with vesting schedules. It is designed for token creators, project teams, and DAOs that need to lock tokens with transparent, verifiable unlock conditions.

Locked tokens are held in an onchain escrow account. They cannot be moved or accessed until the conditions defined at creation are met.

<CardGroup>
  <Card title="No Fees" icon="coin">
    Jupiter Lock has no protocol fees. Only standard Solana network fees apply.
  </Card>

  <Card title="Flexible Vesting" icon="calendar">
    Cliff + linear vesting schedules, with configurable cancel and recipient-change permissions.
  </Card>

  <Card title="Audited" icon="shield-check">
    Audited by OtterSec and Sec3. Read the [OtterSec](https://github.com/jup-ag/docs/blob/main/static/files/audits/lock-ottersec.pdf) and [Sec3](https://github.com/jup-ag/docs/blob/main/static/files/audits/lock-sec3.pdf) reports.
  </Card>

  <Card title="Multisig Support" icon="users">
    Lock creation is compatible with multisig wallets.
  </Card>
</CardGroup>

## What You Can Do with Jupiter Lock

* **Lock tokens until a specific date.** Tokens remain in escrow and are released based on the vesting schedule defined at creation.
* **Define vesting schedules.** Each lock supports a cliff + linear vesting model: an initial amount unlocks at the cliff date, and the remainder vests gradually over time.
* **Control permissions.** At creation, the lock creator decides who can cancel the lock and who can change the recipient (creator, recipient, both, or none).

## Who Uses Jupiter Lock

* **Project teams** locking team allocations, ecosystem reserves, or investor tokens.
* **DAOs** enforcing onchain vesting for contributors or treasury management.
* **Any wallet holder** who wants to lock tokens with a verifiable schedule.

Jupiter Lock is a standalone tool with no dependency on other Jupiter products. It is also used by [Jupiter DTF](/user-docs/launch/dtf/overview) to lock non-sale token allocations during token launches.

<Info>
  Jupiter Lock is a public good maintained by the Jupiter team.
</Info>

## Next Steps

<CardGroup>
  <Card title="How It Works" icon="gears" href="/user-docs/launch/lock/how-it-works">
    Full breakdown of vesting mechanics, lock parameters, permissions, and onchain behavior.
  </Card>

  <Card title="FAQ" icon="message-question" href="/user-docs/launch/lock/faq">
    Quick answers to the most common questions about Jupiter Lock.
  </Card>
</CardGroup>


# Jupiter Studio FAQ
Source: https://docs.jup.ag/user-docs/launch/studio/faq

Frequently asked questions about launching and trading tokens on Jupiter Studio.

## Launching a token

<AccordionGroup>
  <Accordion title="Do I need to deposit liquidity to launch a token?">
    No. The creator does not need to provide any initial liquidity. Capital enters the <Tooltip>bonding curve</Tooltip> as users buy in. When the token graduates, the raised capital is migrated to a Meteora pool automatically.
  </Accordion>

  <Accordion title="What is the token supply?">
    Every token launched through Studio has a fixed supply of 1,000,000,000 (1 billion) tokens. This cannot be changed.
  </Accordion>

  <Accordion title="What's the difference between meme mode and custom mode?">
    Meme mode uses fixed parameters: USDC as quote token, 5K initial market cap, 75K graduation market cap, \~79% bonding supply, \~21% migrating supply, no creator vesting. Custom mode lets you adjust the quote token, market caps, creator vesting schedule (up to 80% supply, 6 or 12 months duration), and anti-sniping toggle. See [Launching a Token](/user-docs/launch/studio/launching-a-token) for full details.
  </Accordion>

  <Accordion title="Can I choose which token is used to buy on the curve?">
    In custom mode, yes. You can choose between SOL and USDC as the <Tooltip>quote token</Tooltip>. In meme mode, the quote token is USDC.
  </Accordion>

  <Accordion title="Is there a minimum amount to graduate?">
    Yes. The bonding curve must raise at least 15,000 USDC (or equivalent in SOL) before graduation can trigger. Your initial and graduation market cap settings must produce at least this amount.
  </Accordion>

  <Accordion title="Can I change my token's parameters after launch?">
    No. All parameters (market caps, vesting schedule, anti-sniping) are set at launch and cannot be modified afterward.
  </Accordion>

  <Accordion title="What is Magic Gen?">
    Magic Gen is a button on the launch screen that auto-generates token info (name, symbol, image) for you. It's optional. You can always enter token info manually.
  </Accordion>
</AccordionGroup>

## Trading and buying

<AccordionGroup>
  <Accordion title="Can I sell my tokens before graduation?">
    Yes. Buyers and sellers can trade freely on the bonding curve at any time before graduation.
  </Accordion>

  <Accordion title="What fees do I pay when buying or selling?">
    A 1% fee is charged on every transaction (buy and sell), throughout the entire lifetime of the token. This applies both on the bonding curve and on the Meteora pool after graduation. The 1% is split 50/50 between the creator and Jupiter.

    During the first 15 to 60 seconds after launch, an additional anti-sniper fee may apply on top of the 1%. This fee starts at 99% and decays to 0%.
  </Accordion>

  <Accordion title="How do I know if anti-sniper fees are still active?">
    The jup.ag trading interface displays a warning when anti-sniper fees are active on a token. The exact remaining time is not shown in the UI, but can be read on-chain from the launch transaction.
  </Accordion>

  <Accordion title="Where can I find tokens launched on Studio?">
    Every Studio token automatically appears on Alphascan (within Jup Pro) and is flagged as a Studio token. If a token has no recent trading activity, it may temporarily disappear from Alphascan and reappear when trades resume.
  </Accordion>
</AccordionGroup>

## Graduation

<AccordionGroup>
  <Accordion title="What is graduation?">
    Graduation is the moment a token transitions from the Studio bonding curve to a Meteora <Tooltip>DAMMv2</Tooltip> liquidity pool. It is triggered when the bonding curve has raised enough quote tokens to meet the graduation threshold. See [Graduation and Fees](/user-docs/launch/studio/graduation-and-fees) for the full breakdown.
  </Accordion>

  <Accordion title="What happens if my token doesn't graduate?">
    The token remains on the Studio bonding curve indefinitely. Users can still buy and sell on the curve. The token may fall off Alphascan if there's no trading activity, but it reappears when new trades occur. No funds are lost.
  </Accordion>

  <Accordion title="Can liquidity be removed from the graduated pool?">
    No. All LP tokens from the graduated Meteora pool are permanently locked. No one (including the creator) can withdraw liquidity from it.
  </Accordion>

  <Accordion title="Can I add more liquidity after graduation?">
    Yes. After graduation, anyone can add liquidity to the Meteora DAMMv2 pool. Go to your Studio token page, click the link to the graduated LP pool under the "Graduated" section, and add liquidity directly on [Meteora](https://meteora.ag).

    <Warning>
      Adding liquidity carries risk. If the token price drops significantly, you may lose part or all of your deposited capital.
    </Warning>
  </Accordion>
</AccordionGroup>

## Fees and earnings

<AccordionGroup>
  <Accordion title="How much does the creator earn?">
    The creator earns 50% of the 1% trading fee on every transaction, for the entire lifetime of the token (before and after graduation). During the anti-sniper window, the creator also receives the full anti-sniper fee.
  </Accordion>

  <Accordion title="How do I claim my fees?">
    Connect with your deployer wallet (the wallet used to launch the token) on your Studio token page. A green claim button appears next to your accumulated fees on the right side of the page.
  </Accordion>

  <Accordion title="Do I keep earning fees after graduation?">
    Yes. The 1% trading fee (split 50/50 between creator and Jupiter) continues to apply on the Meteora DAMMv2 pool after graduation.
  </Accordion>

  <Accordion title="Where does the anti-sniper fee go?">
    The anti-sniper fee goes entirely to the creator. It is separate from and added on top of the standard 1% trading fee.
  </Accordion>
</AccordionGroup>


# Graduation and Fees
Source: https://docs.jup.ag/user-docs/launch/studio/graduation-and-fees

What happens when a Studio token graduates, how fees work, and post-graduation mechanics.

## Graduation

### What triggers graduation

Graduation occurs when the <Tooltip>bonding curve</Tooltip> has collected enough <Tooltip>quote tokens</Tooltip> to reach the graduation market cap defined at launch.

The minimum amount raised to graduate is 15,000 USDC (or equivalent in SOL). In meme mode, graduation happens at a market cap of 75,000 USDC, with approximately 15,390 USDC raised on the curve. In custom mode, the threshold depends on the graduation market cap chosen by the creator.

### What happens at graduation

1. The quote tokens raised on the bonding curve are migrated to a new Meteora <Tooltip>DAMMv2</Tooltip> pool.
2. The corresponding token allocation (21% in meme mode, variable in custom mode) is paired with the raised capital in the pool.
3. All LP tokens from this pool are permanently locked. No one can remove liquidity.

After graduation, the token trades on the Meteora pool. The Studio bonding curve is no longer active.

<Accordion title="What if a token doesn't graduate?">
  If a token never reaches its graduation threshold, it remains on the Studio bonding curve indefinitely. Users can still buy and sell on the curve.

  The token may disappear from Alphascan if there is no trading activity, but it will reappear when trades resume. No funds are lost: the bonding curve continues to function normally.
</Accordion>

## Fees

### Trading fee on all transactions

A 1% fee is charged on every buy and sell transaction throughout the entire lifetime of the token. This applies both on the bonding curve (before graduation) and on the Meteora DAMMv2 pool (after graduation).

The 1% fee is split:

* 50% to the creator.
* 50% to Jupiter.

<Note>
  This fee structure does not change after graduation. The creator continues earning their share of trading fees from the Meteora pool.
</Note>

### Anti-sniper fee

During the anti-sniper window (first 15 to 60 seconds after launch), an additional fee is charged on top of the 1% trading fee. This fee starts at 99% and decays to 0%.

The anti-sniper fee goes entirely to the creator.

### How to claim fees

<Steps>
  <Step title="Connect your deployer wallet">
    Go to your Studio token page and connect with the wallet you used to launch the token.
  </Step>

  <Step title="Claim your fees">
    On the right side of the page, click the green claim button next to your accumulated fees.
  </Step>
</Steps>

## Adding liquidity after graduation

After graduation, anyone (creator or not) can add liquidity to the Meteora DAMMv2 pool.

<Steps>
  <Step title="Go to your Studio token page">
    Navigate to your token's page on Studio.
  </Step>

  <Step title="Open the graduated LP pool">
    Under the "Graduated" section, click the link to the graduated LP pool on Meteora.
  </Step>

  <Step title="Add liquidity on Meteora">
    Add liquidity directly on [Meteora](https://meteora.ag).
  </Step>
</Steps>

<Warning>
  Adding liquidity to any pool carries risk. The value of your position depends on the price of the token. If the token price drops significantly, you may lose part or all of your deposited capital. This is sometimes referred to as <Tooltip>impermanent loss</Tooltip>, although the loss becomes permanent if you withdraw at a lower price.
</Warning>


# Jupiter Studio Overview
Source: https://docs.jup.ag/user-docs/launch/studio/index

What Jupiter Studio is, who it's for, and how it works.

Jupiter Studio is a token launch tool built into the Jupiter ecosystem. It lets anyone create a token on Solana and launch it on a <Tooltip>bonding curve</Tooltip> (a pricing mechanism where the price adjusts automatically based on buys and sells), without providing initial liquidity. Once the token reaches a <Tooltip>graduation</Tooltip> threshold, its liquidity migrates to a Meteora pool, where it continues to trade.

## Who Studio is for

Studio is for creators launching community tokens on Solana (memes, project tokens, collectibles). There are two launch modes:

* **Meme mode**: a preconfigured setup for a quick launch.
* **Custom mode**: adjustable parameters for the quote token, market caps, anti-sniping, and creator vesting.

No coding knowledge or initial liquidity is required.

## Creator earnings

Studio creators earn fees throughout the lifetime of their token, both on the bonding curve and on the Meteora pool after graduation.

| Source | Amount | When |
| - | - | - |
| Trading fees | 50% of the 1% fee charged on every buy and sell | Lifetime of the token, before and after graduation |
| Anti-sniper fees | 100% of the additional fee charged during the first 15 to 60 seconds after launch | Once at launch |

<Note>
  Creator earnings depend on trading volume. There is no guarantee that a token will graduate or generate fees.
</Note>

In addition to fees, Custom mode lets creators allocate up to 80% of token supply to themselves, subject to a vesting schedule. See [Launching a Token](/user-docs/launch/studio/launching-a-token) for the full set of vesting parameters.

For details on how fees are charged and claimed, see [Graduation and Fees](/user-docs/launch/studio/graduation-and-fees).

## Core concepts

### Token supply

Every token launched through Studio has a fixed supply of 1,000,000,000 (1 billion) tokens. This is not configurable.

### Bonding curve

A bonding curve is a smart contract that sets the token price according to a mathematical formula. Studio uses a constant product curve (xy=k, same model as Uniswap v2). When a user buys, the price increases along the curve. When a user sells, the price decreases.

Buying and selling can happen freely at any time before graduation. No initial liquidity deposit is required from the creator. Capital enters the curve as users buy in.

### Graduation

Graduation is the moment a token moves from the Studio bonding curve to a Meteora liquidity pool. After graduation, the token trades on Meteora instead of the bonding curve.

It is triggered when the bonding curve has raised enough <Tooltip>quote tokens</Tooltip> (the token used to buy on the curve, either SOL or USDC) to meet the graduation threshold. The minimum amount raised to graduate is 15,000 USDC (or equivalent in SOL).

When graduation triggers:

* The quote tokens raised on the curve are migrated to a Meteora <Tooltip>DAMMv2</Tooltip> pool (Dynamic Automated Market Maker v2, a constant product liquidity pool on Meteora).
* The corresponding share of tokens is paired with the raised capital in the pool.
* All LP tokens from this pool are permanently locked. No one can withdraw liquidity from the graduated pool.

### Token page

Each Studio token gets a dedicated page where the creator can post content, share updates, and claim earned fees.

### Ecosystem visibility

Every token launched through Studio automatically appears on Alphascan (within Jup Pro) and is flagged as a Studio token.

<Note>
  If a token has no trading activity, it may temporarily fall off Alphascan. It reappears when new trades occur.
</Note>

## Next steps

<CardGroup>
  <Card title="Launch a token" icon="rocket" href="/user-docs/launch/studio/launching-a-token">
    Modes, configuration, and anti-sniper protection.
  </Card>

  <Card title="Graduation and fees" icon="graduation-cap" href="/user-docs/launch/studio/graduation-and-fees">
    What happens after graduation, how fees work, and how to claim them.
  </Card>

  <Card title="Studio FAQ" icon="circle-question" href="/user-docs/launch/studio/faq">
    Common questions about launching and trading tokens on Jupiter Studio.
  </Card>
</CardGroup>

***


# Launching a Token
Source: https://docs.jup.ag/user-docs/launch/studio/launching-a-token

How to launch a token on Jupiter Studio: modes, configuration, and anti-sniper protection.

## Launch flow

The launch process has three steps.

<Steps>
  <Step title="Basics">
    Connect your wallet on [studio.jup.ag](https://studio.jup.ag). This wallet becomes your deployer wallet and is used to claim fees later.

    Choose a launch mode: **Meme** (preconfigured) or **Custom** (adjustable parameters). See details below.

    Enter your token info: image, name, and symbol.

    <Tip>
      You can use the **Magic Gen** button to auto-generate token info.
    </Tip>
  </Step>

  <Step title="Enhance">
    Review your launch configuration. This screen shows a recap of your settings, the token supply breakdown, and the estimated amount raised before graduation.

    You can also:

    * Upload a header banner for your token page (or generate one).
    * Write a description for your token.
    * Add social links (optional).

    If you need to change settings, click **Customize Settings** to go back.
  </Step>

  <Step title="Share">
    Confirm and launch. Your token is immediately live on the bonding curve.
  </Step>
</Steps>

## Launch modes

<Tabs>
  <Tab title="Meme mode">
    Meme mode uses fixed parameters designed for community token launches. No configuration is needed beyond basic token info (name, symbol, image).

    | Setting | Value |
    | - | - |
    | Quote token | USDC |
    | Initial market cap | 5,000 USDC |
    | Graduation market cap | 75,000 USDC |
    | Estimated amount raised before graduation | \~15,390 USDC |
    | Anti-sniping | Enabled |
    | Creator vesting | None |

    **Token supply breakdown (meme mode):**

    | Category | Tokens | Percentage |
    | - | - | - |
    | Bonding Supply (sold on curve) | 795,000,000 | 79% |
    | Migrating Supply (moved to LP at graduation) | 205,000,000 | 21% |
  </Tab>

  <Tab title="Custom mode">
    Custom mode lets creators adjust the launch parameters. The token allocation and estimated raise update in real time as you change settings.

    **Curve settings:**

    | Parameter | Description | Constraints |
    | - | - | - |
    | Quote token | Token used to buy on the curve. | SOL or USDC. |
    | Initial market cap | Starting market cap of the token at launch. | No hard min/max, but the raised amount must be at least 15,000 USDC or equivalent in SOL. |
    | Graduation market cap | Market cap threshold that triggers graduation. | Same constraint: raised amount must reach at least 15,000 USDC or equivalent in SOL. |
    | Anti-sniping | Toggle anti-sniper protection on or off. | On or off. |
    | Transaction fees | Fee charged on every transaction. | 1% by default. |

    **Vesting settings:**

    | Parameter | Description | Options |
    | - | - | - |
    | Supply vested | Percentage of token supply allocated to the creator, subject to vesting. | 0% to 80%. |
    | Vesting duration | How long the vesting period lasts. | 6 months or 12 months. |
    | Vesting frequency | How often vested tokens unlock. | Daily by default. |
    | Cliff | Initial period before any vested tokens begin unlocking. | None, 6 months, or 12 months. |

    <Note>
      The Studio UI displays the token supply breakdown and estimated amount raised before graduation in real time as you adjust parameters.
    </Note>

    <Warning>
      Creator vesting parameters are set at launch and cannot be changed afterward. Vested tokens unlock according to the schedule you configure. Choose carefully.
    </Warning>
  </Tab>
</Tabs>

## Anti-sniper protection

Studio includes built-in anti-sniper protection to reduce the advantage of bots buying immediately after launch.

**How it works:**

An additional fee is applied to all buy transactions immediately after launch. This fee starts at 99% and decreases to 0% over a randomized period between 15 and 60 seconds. The randomized duration is set per launch.

<Note>
  The anti-sniper fee is added on top of the standard 1% trading fee. It is credited entirely to the creator.
</Note>

**Visibility:**

* The jup.ag trading interface displays a warning when anti-sniper fees are active on a token.
* The exact randomized duration is not shown in the UI but can be read on-chain from the launch transaction.

<Warning>
  If you buy a token in the first seconds after launch, you may pay a significantly higher fee due to anti-sniper protection. Wait for the warning on jup.ag to disappear before buying if you want to avoid this.
</Warning>

***


# VRFD FAQ
Source: https://docs.jup.ag/user-docs/launch/vrfd/faq

Frequently asked questions about Jupiter VRFD: token verification and metadata updates.

## For Users & Traders

Common questions about what token verification means and how it affects your experience.

<AccordionGroup>
  <Accordion title="What does the green checkmark mean?">
    The green checkmark next to a token's ticker indicates that it is the canonical version of that token. It helps traders identify the correct token, especially on Solana where anyone can mint a token with any name.

    The checkmark is visible in Jupiter Wallet and Jupiter Mobile, on Jupiter Spot (token pages and search bar), and on partner platforms that integrate Jupiter's verified token list, such as Phantom.

    For more details, see [Token Verification](/user-docs/launch/vrfd/token-verification).
  </Accordion>

  <Accordion title="How do I check whether a token is verified?">
    Look for the green **Verified** badge next to the ticker: on jup.ag token pages and in the global search results (which can be filtered to verified tokens), in Jupiter Wallet, and in Jupiter Mobile. A token that is not verified shows a **Not Verified** entry in the JupShield warnings chip next to its ticker on the token page, reminding you to check the mint address before trading. Whether or not a token is verified, always compare its mint address with the one published on the project's official channels: the badge identifies the canonical token for a ticker, it does not vouch for the project. See [Token Page](/user-docs/trade/spot/token-page).
  </Accordion>

  <Accordion title="Does verification mean Jupiter endorses the token?">
    No. Verification confirms that a token is the canonical version of a given ticker. It is not an endorsement of the project, the team, or the token's quality or safety.

    <Warning>
      Always do your own research before making any decisions. Verified status can be removed.
    </Warning>
  </Accordion>

  <Accordion title="Can I still trade unverified tokens on Jupiter?">
    Yes. Unverified tokens are available on Jupiter as long as their pools have sufficient liquidity on the DEXes Jupiter integrates. Tokens are prioritized in search by text similarity, volume, and liquidity.
  </Accordion>

  <Accordion title="Can a verified token lose its status?">
    Yes. Jupiter periodically reviews verified tokens and can remove the label under strict conditions: the token has no remaining liquidity, has stopped trading entirely, has migrated to a new contract address, or has a ticker conflict with another verified token.

    For more details, see [After Verification](/user-docs/launch/vrfd/token-verification#after-verification).
  </Accordion>

  <Accordion title="Can I help fast-track a token submission?">
    Yes. Anyone can like a pending submission from its public page on the [Submissions page](https://verified.jup.ag/tokens/browse). Likes from wallets identified as Smart by Jupiter feed into a social trust score, which moves submissions up the Standard Review queue.

    For more details, see [Standard Review](/user-docs/launch/vrfd/token-verification#review-methods).
  </Accordion>

  <Accordion title="How can developers access Jupiter's verified token list?">
    The verified token list is served through the Jupiter Tokens API, which is what partner wallets, DEXes, and screeners integrate. See the [Tokens API documentation](https://developers.jup.ag/docs/tokens) on the developer portal.
  </Accordion>
</AccordionGroup>

## For Project Teams & Token Creators

Questions about the verification process, metadata updates, and how to submit or manage your token's information on Jupiter.

<AccordionGroup>
  <Accordion title="Who can apply for verification?">
    Anyone can submit a verification request for any token, including community members. It is not limited to project teams or token creators. You can optionally connect the project's X account during the application.

    Submit your application at [verified.jup.ag/tokens/submit](https://verified.jup.ag/tokens/submit).
  </Accordion>

  <Accordion title="What's the difference between Standard and Express Review?">
    Both lead to the same outcome: the token is either verified or not. **Standard Review** is free with no guaranteed timeline; submissions are prioritized by age, trading volume, and Smart Likes. **Express Review** costs 1,000 JUP and guarantees a first review within 24-48 hours, with up to 2 further reviews at 24-48 hour intervals. The fee buys speed, not verification.

    See the comparison table under [Review Methods](/user-docs/launch/vrfd/token-verification#review-methods).
  </Accordion>

  <Accordion title="How long does the verification process take?">
    Standard Review has no guaranteed timeline and depends on the current backlog. Express Review guarantees a first review within 24-48 hours of submission, then up to 2 more reviews at 24-48 hour intervals if the token is not approved. See [Review Methods](/user-docs/launch/vrfd/token-verification#review-methods).
  </Accordion>

  <Accordion title="How much does Express Review cost, and is it refundable?">
    1,000 JUP per submission, collected when you submit and burned by Jupiter through a <Tooltip>multisig</Tooltip> wallet (not retained by the team). The fee is non-refundable whatever the outcome; a refund applies only if the guaranteed first-review window is missed.
  </Accordion>

  <Accordion title="Why was my token rejected, and can I reapply?">
    Express Review applicants receive a general reason for rejection (e.g., Ticker Conflict, Below Thresholds).

    There is no formal waiting period, but reapplying without meaningful progress on the flagged metrics will lead to the same result. Reapplying via Express requires a new 1,000 JUP fee. You can also upgrade an existing Standard application to Express at any time.

    <Tip>
      Before resubmitting, contact support at [support.jup.ag](https://support.jup.ag) to understand the reason for rejection and what to improve.
    </Tip>

    For more details, see [Rejection and Reapplication](/user-docs/launch/vrfd/token-verification#rejection-and-reapplication).
  </Accordion>

  <Accordion title="What are JupShield warnings on my submission?">
    Each submission is automatically scanned by JupShield, which surfaces warnings such as Not Sellable, Not Verified, Low Liquidity, Low Organic Activity, or New Listing. They are visible on the public submission page and help reviewers and the community assess the token's status at a glance.

    JupShield warnings do not automatically lead to a rejection, but they are part of the holistic review and can affect the final decision.
  </Accordion>

  <Accordion title="My token shows a spam, honeypot, or &#x22;not sellable&#x22; warning in a wallet like Phantom. How do I remove it?">
    These warnings are set by third-party security providers (such as Blockaid) that wallets like Phantom use to screen tokens. Jupiter does not set or control them. Those providers run their own review process, which can draw on a range of sources — including Jupiter's verified-token list — so verifying your token on Jupiter may help, but it does not guarantee the warning is removed. To dispute a specific warning, request a review directly with the provider that issued it.
  </Accordion>

  <Accordion title="Who can submit a metadata update, and how much does it cost?">
    Anyone can submit a metadata update request, including community members. This is useful for community-owned tokens, projects that have lost onchain metadata access, or when new social channels need to be added.

    Each submission requires a 1,000 JUP fee, collected at submission and burned by Jupiter via <Tooltip>multisig</Tooltip>.

    <Tip>
      If a previous request was rejected due to a misunderstanding or missing proof, contact support at [support.jup.ag](https://support.jup.ag) before resubmitting. The metadata team can assist without requiring a new payment in those cases.
    </Tip>

    To submit, open the token's page on the verification portal and select **Update** in the Token Data card. For full details, see [Token Metadata Updates](/user-docs/launch/vrfd/token-metadata-updates).
  </Accordion>

  <Accordion title="What fields can be updated?">
    You can update: logo (PFP), name, symbol (ticker), description, socials (website, X account, X community link, Telegram, Discord, Instagram, TikTok, Linktree), and circulating supply.

    For the full process, see [What Can Be Updated](/user-docs/launch/vrfd/token-metadata-updates#what-can-be-updated).
  </Accordion>

  <Accordion title="Why doesn't Jupiter auto-sync onchain metadata?">
    For security reasons, Jupiter does not automatically pull metadata changes from onchain sources after a token has been verified. All changes go through a manual review process to ensure legitimacy.

    If you want Jupiter to reflect updated onchain metadata, submit a request from **Update** on the token's page, like any other metadata update.
  </Accordion>
</AccordionGroup>


# VRFD Overview
Source: https://docs.jup.ag/user-docs/launch/vrfd/index

What Jupiter VRFD is, what it covers, and how it helps maintain token quality across the Solana ecosystem.

## What Is Jupiter VRFD

Jupiter VRFD is Jupiter's token verification and information system. It provides tools for verifying tokens and updating token metadata.

Jupiter has maintained a verified token list as a free public resource for the Solana ecosystem for over four years. As the number of tokens on Solana grew, the system evolved through several iterations to balance speed, accuracy, and resistance to manipulation. The current version (V4) combines heuristic signals with manual review.

The verified token list is integrated across the ecosystem by partners including decentralized exchanges, wallets, and screeners.

<Warning>
  Verification is not an endorsement of any project or team by Jupiter. It does not guarantee a token's legitimacy, safety, or quality. Always conduct your own research.
</Warning>

## What VRFD Covers

VRFD consists of two distinct features, each with its own process and purpose.

<CardGroup>
  <Card title="Token Verification" href="/user-docs/launch/vrfd/token-verification">
    Submit a token for verification to receive a green checkmark across Jupiter products and partner platforms. Open to anyone. Two review methods are available: Standard (free, no guaranteed timeline) and Express (1,000 JUP fee, first review within 24-48 hours).
  </Card>

  <Card title="Token Metadata Updates" href="/user-docs/launch/vrfd/token-metadata-updates">
    Update a token's name, symbol, logo, description, socials, or circulating supply across Jupiter products. Open to anyone, including community members. Requires a 1,000 JUP fee per submission. Currently in beta.
  </Card>

  <Card title="FAQ" href="/user-docs/launch/vrfd/faq">
    Frequently asked questions about token verification and metadata updates.
  </Card>
</CardGroup>

## Key Links

<CardGroup>
  <Card title="Submit a Verification" icon="badge-check" href="https://verified.jup.ag/tokens/submit">
    Apply for token verification on Jupiter.
  </Card>

  <Card title="Submit a Metadata Update" icon="pen-to-square" href="https://verified.jup.ag/">
    Open your token's page on the portal and select Update.
  </Card>

  <Card title="Support" icon="life-ring" href="https://support.jup.ag">
    Open a support ticket for help with VRFD.
  </Card>
</CardGroup>


# Token Metadata Updates
Source: https://docs.jup.ag/user-docs/launch/vrfd/token-metadata-updates

How to update your token's metadata across Jupiter products.

## What Are Metadata Updates

Token metadata updates allow anyone to submit changes to a token's information across Jupiter products, including Spot, Mobile, and API services.

This is an open process. Anyone can submit an update request, not just project teams. This is particularly useful when:

* A project team has lost access to update onchain metadata
* New social channels need to be added
* A token has transitioned to <Tooltip>community ownership (CTO)</Tooltip>
* A community wants to keep token information accurate

<Note>
  This process is currently in beta. Review timelines and procedures may evolve.
</Note>

## What Can Be Updated

The following fields can be updated through this process:

* **Logo** (PFP)
* **Name**
* **Symbol** (ticker)
* **Description**
* **Socials:** website, X account, X community link, Telegram, Discord, Instagram, TikTok, Linktree
* **Circulating Supply**

## How to Submit

<Steps>
  <Step title="Open the token's page">
    Search for the token on the verification portal ([verified.jup.ag](https://verified.jup.ag/)) to open its dashboard (`verified.jup.ag/dashboard/<mint address>`), connect your wallet, and select **Update** in the Token Data card.
  </Step>

  <Step title="Fill in the fields you want to update">
    Include all the changes you need in a single submission.
  </Step>

  <Step title="Pay the submission fee">
    A fee of 1,000 JUP is required per submission, collected at the time of submission. The tokens are burned by Jupiter through a <Tooltip>multisig</Tooltip> wallet and are not retained by the team.
  </Step>

  <Step title="Submit your request">
    Once submitted, your request enters the review queue.
  </Step>
</Steps>

<Tip>
  To help speed up approval, include verifiable public sources that confirm the legitimacy of your request. Examples include announcements from your official X account, official project communications, or APIs hosted on your official domain.
</Tip>

## Review Process

Reviews are typically completed within 2-3 business days, though this may vary.

Once approved:

* Most changes reflect instantly across Jupiter products and APIs
* Some fields (such as descriptions) are cached on the UI and may take up to an hour to refresh

## Rejection and Resubmission

If your request is rejected, you can resubmit after addressing the issues.

A new submission technically requires a new 1,000 JUP fee, since the fee is collected at the time of submission. However, if the rejection was due to a misunderstanding or missing proof, contact support at [support.jup.ag](https://support.jup.ag) before resubmitting. The metadata team can assist without requiring a new payment in those cases.

<Warning>
  Avoid submitting duplicate or spam requests, as this may delay processing.
</Warning>

## Onchain Metadata Sync

For security reasons, Jupiter does not automatically sync metadata changes from onchain sources after a token has been verified. All changes must go through this manual review process to ensure legitimacy.

If you want Jupiter to pull the latest onchain metadata for your token, submit a request the same way, from **Update** on the token's page.

## Check Your Request Status

You can track the progress of your request on the [Submissions page](https://verified.jup.ag/tokens/browse), under the **Metadata Updates** tab.


# Token Verification
Source: https://docs.jup.ag/user-docs/launch/vrfd/token-verification

How to get your token verified on Jupiter, review methods, criteria, and what Verified status means.

## What Is Token Verification

Token verification on Jupiter adds a green checkmark next to a token's ticker, indicating it is the <Tooltip>canonical</Tooltip> version of that token. This helps traders identify the correct token quickly, especially on a network like Solana where anyone can mint a token with any name.

The Jupiter verified token list is also integrated by ecosystem partners, including decentralized exchanges, wallets, and screeners, improving the token's discoverability and credibility across the ecosystem.

<Warning>
  Verification is not an endorsement of the project or team by Jupiter. It does not guarantee the token's legitimacy, safety, or quality. Verified tags can be removed. Always conduct your own research before making any decisions.
</Warning>

## What Verified Status Looks Like

Once verified, a green **Verified** badge appears next to the token's ticker. This is visible in:

* Jupiter Wallet and Jupiter Mobile
* Jupiter Spot (token pages and search bar)
* Partner platforms that integrate Jupiter's verified token list (e.g., Phantom)

The **Not Verified** JupShield warning that non-verified tokens carry on their jup.ag token page is removed.

<Note>
  Unverified tokens can still be traded on Jupiter. Tokens are listed as long as their pools have sufficient liquidity on the DEXes Jupiter integrates. The global token search shows verified tokens by default: when no verified result matches, the search offers a clear option to include unverified tokens. Within results, tokens are ranked by text similarity, volume, and liquidity.
</Note>

## Who Can Apply

Anyone can submit a verification request for any token, including community members. This is not limited to project teams or token creators.

An option to connect the project's X account during the application is available. This can help officially link the token's contract address to a specific X account, but it is not required.

Submit your application at [verified.jup.ag/tokens/submit](https://verified.jup.ag/tokens/submit).

## Verification Criteria

Token verification is a holistic evaluation. No single metric is looked at in isolation. The criteria balance each other, and expectations can vary depending on the token's age, category (e.g., stablecoin, utility token), and the strength of other metrics.

The main criteria are:

**Market Cap** Reflects overall market sentiment. During application, warnings are shown if the ticker is already verified for a different contract address, or if the market cap is under \$100k. Neither warning guarantees a rejection.

**Organic Score** Measures genuine human trading activity while reducing the influence of volume bots. The exact calculation is not publicly disclosed to prevent gaming. For more information, see [Organic Score](/user-docs/trade/spot/discover#organic-score).

**Token Holders** Evaluates the distribution of token supply. A healthy supply distribution is more impactful than a high holder count alone.

**Ticker Uniqueness** Ensures the token can be easily identified by traders without confusion with existing verified tokens.

**Social Support** This is the most important criterion. It is measured through Smart Followers (a Jupiter-internal metric tracking quality of social audience) and organic engagement on the project's linked X account. The X account must be dedicated exclusively to the project (not a personal or <Tooltip>KOL</Tooltip> account). The exact calculation is not disclosed to prevent exploitation.

**Onchain Liquidity** Evaluates whether the token is actively tradable onchain. Locked liquidity is taken into account.

<Note>
  Exceptions can apply for specific cases, such as pre-launch tokens, stablecoins, or projects with strong institutional backing (e.g., Solana Foundation, MetaDAO), where standard trading data may not yet be available.
</Note>

## Review Methods

Jupiter offers two review methods. Both lead to the same outcome: the token is either verified or not.

| | Standard Review | Express Review |
| - | - | - |
| Cost | Free | 1,000 JUP per submission, burned by Jupiter |
| First review | No guaranteed timeline (queue ordered by age, trading volume, and Smart Likes) | Guaranteed within 24-48 hours |
| Further reviews | Reviewed as capacity allows | Up to 2 more at 24-48 hour intervals (3 in total) |
| What you get | A review | A fast review. Not verification: the criteria are the same |

<Tabs>
  <Tab title="Standard Review">
    * Free
    * No guaranteed timeline
    * Applications are reviewed based on team capacity and current backlog
    * Due to the high volume of submissions, review times can vary significantly

    Standard Review submissions are prioritized based on three signals:

    * **Age of submission**
    * **Trading volume**
    * **Smart Likes** (likes from wallets identified as Smart by Jupiter)

    Smart Likes feed into a social trust score. Higher trust scores move pending submissions up the queue. Anyone can like a submission from its public page on [verified.jup.ag/tokens/browse](https://verified.jup.ag/tokens/browse).
  </Tab>

  <Tab title="Express Review">
    * **Fee:** 1,000 JUP, collected at the time of submission
    * **First review:** guaranteed within 24-48 hours of submission
    * **Reconsideration:** if not approved on the first review, up to 2 additional reviews follow at 24-48 hour intervals (3 reviews total per application)

    <Info>
      Express review guarantees a fast review, not verification.
    </Info>

    The JUP fee is collected at submission. The tokens are then burned by Jupiter through a <Tooltip>multisig</Tooltip> wallet. They are not retained by the Jupiter team.

    <Warning>
      The fee is non-refundable, regardless of whether the token is verified or not. A refund applies only if the guaranteed first-review window is missed.
    </Warning>
  </Tab>
</Tabs>

## JupShield Warnings

Each submission is automatically scanned by JupShield, which surfaces warnings such as Not Sellable, Not Verified, Low Liquidity, Low Organic Activity, or New Listing. These warnings are visible on the public submission page and help reviewers and the community assess the token's status at a glance.

JupShield warnings do not automatically lead to a rejection, but they are part of the holistic review and can affect the final decision.

## After Submission

You can check the status of your application on the [Submissions page](https://verified.jup.ag/tokens/browse), which lists pending, approved, and rejected requests from the last 30 days.

If your token is not verified through Express Review, you will receive a general reason for the rejection (e.g., Ticker Conflict, Below Thresholds).

<Note>
  **"Below Thresholds"** means the token did not sufficiently meet the holistic [Verification Criteria](#verification-criteria) above — most commonly Market Cap, Organic Score, Token Holders, Onchain Liquidity, or Social Support. Exact threshold values are intentionally not published (to prevent gaming), so there is no single number to hit — focus on improving the underlying metrics before reapplying. Note that Express Review guarantees a fast review, **not** verification, and its fee is non-refundable.
</Note>

<Tip>
  For more detailed feedback or to share additional context, reach out via a support ticket at [support.jup.ag](https://support.jup.ag).
</Tip>

## Rejection and Reapplication

There is no formal waiting period before reapplying. However, reapplying without meaningful progress on the metrics that were below thresholds will lead to the same outcome.

Key points:

* Reapplying via Express Review requires a new 1,000 JUP fee
* Anyone can upgrade an existing Standard application to Express at any time
* Before resubmitting, it is recommended to contact support to understand the reason for rejection and what to improve

## After Verification

Verification is not permanent. Jupiter periodically reviews verified tokens and can remove the Verified label under strict conditions:

* The token has no remaining liquidity
* The token has stopped trading entirely
* The token has migrated to a new contract address
* There is a ticker conflict with another verified token

This policy is intentionally strict to maintain the quality and usefulness of the verified list.


# Privacy Policy
Source: https://docs.jup.ag/user-docs/legal/privacy-policy

How Jupiter collects, uses, and protects personal data across the Jupiter interface and its dApps.

**Jupiter**, accessible at: [https://jup.ag](https://jup.ag), one of its main priorities is the privacy of participants who are visitors of [https://jup.ag](https://jup.ag) and its dApps (the “Interface”). Jupiter does it best to collect as minimum Personal Data as possible. This Privacy Policy document contains types of data that are collected, used, and recorded by Jupiter.

The Jupiter Interface backed by Block Raccoon S.A., a company incorporated in Panama, which is the controller for your Personal Data within the scope of this Privacy Policy. Jupiter decides “why” and “how” your Personal Data is processed in connection with the Interface. If you have additional questions or require more information about this Privacy Policy, do not hesitate to contact [privacy@jup.ag](mailto:privacy@jup.ag).

This Privacy Policy applies only to the Interface activities and is valid for participants who are visitors to the Interface with regards to the Personal Data that they share and/or which is collected within Jupiter Interface. This Privacy Policy is not applicable to any Personal Data collected offline or via channels other than the Interface. Please read this Privacy Policy carefully to understand our policies and practices regarding your data and how it will be treated by the Interface.

*IF YOU DO NOT HAVE THE RIGHT, POWER AND AUTHORITY TO ACT ON BEHALF OF AND BIND THE BUSINESS, ORGANIZATION, OR OTHER ENTITY YOU REPRESENT, PLEASE DO NOT ACCESS OR OTHERWISE USE THE INTERFACE. IF YOU ARE INTERESTED IN HOW WE USE COOKIES AND YOU CAN CHANGE YOUR COOKIE CHOICE, PLEASE SEE SECTION 5 “COOKIES AND AUTOMATICALLY-COLLECTED DATA”*

### **1. Changes to this Agreement**

If our data processing practices change, we will update this Privacy Policy accordingly to let you know of them upfront and give you a possibility to either provide your consent, object to a particular processing, or undertake other action you are entitled to under the Regulation. Please keep track of any changes we may introduce to this Privacy Policy. Your continued access to and use of the Interface constitutes your awareness of all amendments made to this Privacy Policy as of the date of your accessing and use of the Interface. Therefore, we encourage you to review this Privacy Policy regularly as you shall be bound by it. If, for some reason, you are not satisfied with our personal data processing practices, your immediate recourse is to stop using the Interface. You do not have to inform us of this decision unless you intend to exercise some of the data protection rights stipulated by GDPR and defined below in this Privacy Policy.

### **2. Eligibility**

*Age.* By accessing our using the Interface, you represent and warrant that you are at least eighteen (18) years of age. If you are under the age of eighteen (18), you may not, under any circumstances or for any reason, use the Interface. Please report to us any instances involving the use of the Interface by individuals under the age of 18, should they come to your knowledge.

### **3. Applicability**

This Privacy Policy applies to all your interactions with us via the Interface and your interactions with us in connection therewith. Below are the categories of our processors used on the Interface due to an internal data processing roadmap providing a brief grasp of our data processing activities with regard to each piece of the Personal Data we may collect through the Interface, as well as your place in every data processing event. It can be requested at [privacy@jup.ag](mailto:privacy@jup.ag). Below are the categories of our processors which can access and process your Personal Data through the Interface:

1. Technical maintenance vendors;
2. Project and team management vendors;
3. Communication vendors;
4. Analytics, statistics, performance, marketing vendors.

### **4. Data processing in connection with the Interface**

Types of Data Collected

To the maximum extent possible, Jupiter tries to collect as minimum Personal Data from you as possible. Personal Data we collect:

* IP address, MAC address, log files, domain server, data related to usage, performance, website security, traffic patterns, location information, browser and device information – only when you are using the Interface;
* Wallet addresses (public blockchain addresses), transaction, and balance information (blockchain data) that is accessible when interacting with the Interface; We use public Blockchain addresses to identify a user’s journey through our product. We group and analyze these user journeys collectively in order to improve our product user experience. We do not use this data for any purpose at an individual user level. The legal basis for this processing is our legitimate interests, such as monitoring and improving the Interface, the proper protection of the Interface against risks, and partly the contract performance basis to provide you the Interface. Note that we are not responsible for your use of any of the blockchain and your data processed in these decentralized and permissionless networks;
* Log Files. Jupiter follows a standard procedure of using log files. These files log visitors when they visit websites. All hosting companies do this and this kind of Personal Data may also be collected as a part of hosting services' analytics. The data collected by log files include internet protocol (IP) addresses, browser type, Internet Service Provider (ISP), date and time stamp, referring/exit pages, and possibly the number of clicks. These kinds of data may be linked to data that is personally identifiable. The purpose of the data collection and processing is for analyzing trends, administering the website, tracking users' movement on the website, and gathering demographic information;

Jupiter may also engage third-parties advertising platforms that are triggered only when their technical features (so-called “pixels”) are enabled through the Interface. The mentioned third-parties advertising platforms may collect Personal Data of Interface's visitors only with the purpose to optimize their advertising possibilities through their platforms, target you with their advertisements, and possibly share your data with other advertising platforms and agencies for further use. Jupiter may engage with the mentioned Personal Data of Interfaces visitors.

In no event, are we going to ask you to share your private keys or wallet seed. Never trust anyone or any website that asks you to enter your private keys or wallet seed.

How and Why we use your Personal Data

We may use your Personal Data listed above only for:

* Our internal and operational purposes, when: ensuring security, identifying irregular website behavior, preventing fraudulent activity, and improving security at all possible levels;
* Assessing and improving the performance of the Interface;
* Analyzing our website visitors’ actions to improve our Interface (section “Cookies and Automatically Collected Data”);
* Analyzing the Interface behavior, including via: Google Analytics (please refer to Google's Analytics Policy for more information);
* Find and prevent fraud.

To clear any doubts, we may use Personal Data described above or any other Personal Data:

* on the basis of contract performance or necessity to enter into a contract (where the Personal Data is required for us to perform our undertakings and obligations in accordance with a contract we are entering into when you use our services, or where we are at the negotiations phase);
* on the basis of our or our processors’ legitimate interests to protect the Interface, prevent any malicious and harmful activities to the Interface, maintain our technical systems healthily and secure, improve services and products by using aggregate statistics;
* to respond to legal requests of authorities, provide information upon court orders and judgments, or if we have a good-faith belief that such disclosure is necessary in order to comply with official investigations or legal proceedings initiated by governmental and/or law enforcement officials, or private parties, including but not limited to: in response to subpoenas, search warrants or court orders, and including other similar statutory obligations we or our processors are subjected to;
* on the basis of your consent; and
* on other legal bases set forth in the personal data protection laws.

Disclosure of Data

In continuation of legal bases for collecting and processing the Personal Data, We may disclose any Personal Data about you:

* in connection with a merger, division, restructuring, or other association change; or
* to our subsidiaries or affiliates (if any) only if necessary for operational purposes. If we must disclose any of your Personal Data in order to comply with official investigations or legal proceedings initiated by governmental and/or law enforcement officials, we may not be able to ensure that such recipients of your Personal Data will maintain the privacy or security of your Personal Data.

Data Retention Period

Jupiter maintains Personal Data exclusively within the time needed to follow prescribed herein legal purposes. When we no longer need Personal Data, the limitation period for storage of such Personal Data has expired, you have withdrawn your consent or objected to our or our processors’ legitimate interests, we securely delete or destroy it unless the statutory requirements we, our processors or other controllers are subjected to stipulate otherwise. Aggregated data, which cannot directly identify a device/browser (or individual) and is used for purposes of reporting and analysis, is maintained for as long as commercially necessary till you object to the processing of such data or withdraw your consent. Sometimes legal requirements oblige us to retain certain data, for specific purposes, for an extended period of time. Reasons we might retain some data for longer periods of time include:

* Security, fraud & abuse prevention;
* Financial monitoring and record-keeping;
* Complying with legal or regulatory requirements;
* Ensuring the continuity of your interaction with the Interface.

Your Inquiries

You may contact us by email at the following email address: [privacy@jup.ag](mailto:privacy@jup.ag); We use the data that you provide in an email to us, which you may give voluntarily, only in order to answer your question or to reply to your email in the best possible manner.

### **5. Cookies and Automatically Collected Data**

As you navigate through and interact with our Interface, we may ask your consent to use cookies, which are small files placed on the hard drive/browser of your computer or mobile device, and web beacons, which are small electronic files located on pages of the Interface, to collect certain information about devices you use, browsing actions, and patterns.

The data automatically collected from cookies and web beacons may include information about your web browser (such as browser type and browser language) and details of your visits to the Interface, including traffic data, location data and logs, page views, length of visit, and website navigation paths as well as information about your device and internet connection, including your IP address and how you interact with the Interface. We collect this data in order to help us improve the Interface and interaction with it.

The information we collect automatically may also include statistical and performance information arising from your use of the Interface. This type of data will only be used by us in an aggregated and pseudonymized manner.

You can choose to disable cookies through your individual browser options. To get more detailed information about cookie management with specific web browsers, please find it on the browsers' respective websites:

* For Google Chrome browser please refer to these instructions: [Google Chrome](https://support.google.com/accounts/answer/32050)
* For Firefox browser please look up here: [Firefox](https://support.mozilla.org/en-US/kb/clear-cookies-and-site-data-firefox)
* For Safari browser please visit: [Safari](https://support.apple.com/guide/safari/sfri11471/mac)
* For Internet Explorer browser please refer to: [Internet Explorer](https://support.microsoft.com/en-us/windows/delete-and-manage-cookies-168dab11-0753-043d-7c16-ede5947fc64d)

### **6. Your rights under GDPR**

Under certain circumstances, you may have a number of privacy rights concerning the use, storage, and processing of your Personal Data (e.g., the right to delete your data). Here is a list of privacy rights:

* right to be informed - we are publishing this Privacy Policy to keep you informed as to what we do with your Personal Data. You can ask us for Personal Data regarding you that we keep at any time. This information concerns, among other things, the data categories we process, for what purposes we process them, the origin of the data if we did not acquire them directly from you and, if applicable, the recipients to who we have sent your data.
* right of access – You may ask us whether we process your Personal Data and you have the right to request a copy of the data we hold about you. right of rectification – You have the right to correct inaccurate or incomplete data about you.
* right to be forgotten – You can ask for the Personal Data that we hold about you to be erased from our system and we will comply with this request unless we have a legitimate reason, legal requirement, and other statutory basis not to do so. Even if we can delete (erase) the Personal Data subject to our active (ongoing) processing activities and cease its processing, we will nevertheless retain this particular Personal Data in our backup and archive storages to fulfill our statutory and other requirements.
* right to restriction of processing – where certain conditions apply, you can ask us to ‘block’ the processing of your Personal Data.
* right to data portability – You have the right to have the data we hold about you transferred to another organization and to receive Personal Data in a structured, commonly used format. Please apply to: [privacy@jup.ag](mailto:privacy@jup.ag) to find out whether we currently support the provision of the portable file containing Personal Data we process about you.
* right to object - You can object to the processing of your data by applying to: [privacy@jup.ag](mailto:privacy@jup.ag) at any time for reasons that arise from your special situation provided the data processing is based on our legitimate interest or that of a third party, or where we carry out profiling, use machine learning or automated decision-making algorithms. In this case, we will no longer process your Personal Data. The latter does not apply if we are able to prove there are compelling, defensible reasons for the processing that outweigh your interests or we require your data to assert, exercise, or defend legal claims.
* right to withdraw consent - withdraw the consent you gave us with regard to the processing of your Personal Data for certain purposes.
* right to complain - we take your rights very seriously. However, if you are of the opinion that we have not dealt with your complaints adequately, you have the right to submit a complaint to the data privacy protection authorities responsible. You can send your complaints to the EEA supervisory authority of your country of residence.

Please email: [privacy@jup.ag](mailto:privacy@jup.ag) with any questions about exercising any of the above rights. If You wish to learn more about the GDPR and Your rights, the Information Commissioner’s Office website is a reliable source.

### **7. Privacy of children**

Our Interface is not directed to collect any data from people under the age of 18. We do not knowingly allow anyone under 18 years old to submit any data to our Interface. If you believe your child may have provided us with their data, you can contact us using the information in this Policy and we will delete the data from our Interface.

### **8. Transfer of Personal Data**

Transfers to third countries shall be made subject to appropriate safeguards, namely Standard Contractual Clauses adopted by the supervisory authority and approved by the Commission. Copy of the foregoing appropriate safeguards may be obtained by you upon a prior written request sent. We may instruct you on further steps to be taken with the purpose of obtaining such a copy, including your obligation to assume confidentiality commitments in connection with being disclosed the Jupiter proprietary and personal information of third parties as well as terms of their relationships with Jupiter.

Keep in mind that the use of the Interface based on public blockchains is intended to immutably record transactions across wide networks of computer systems. Many blockchains are open to forensic analysis which can lead to deanonymization and the unintentional revelation of Personal Data, in particular when blockchain data is combined with other data. Because blockchains are decentralized or third-party networks that are not controlled or operated by us, we are not able to erase, modify, or alter Personal Data from such networks.

### **9. Data Integrity & Security of Processing**

We take data security very seriously. We work hard to protect the Personal Data you provide us from loss, misuse, or unauthorized access. We utilize a variety of safeguards such as encryption, digital and physical access controls, non-disclosure agreements, and other technical and organizational measures to protect the Personal Data submitted to us, both during transmission and once it is at rest.

Please note that no electronic transmission, storage, or processing of Personal Data can be entirely secure. We cannot guarantee that the security measures we have in place to safeguard Personal Data will never be defeated or fail, or that those measures will always be sufficient or effective. Therefore, although we are committed to protecting your privacy, we do not promise, and you should not expect that your Personal Data will always remain private or secure.

### **10. Supervisory authority oversight**

If you are a data subject whose data we process, you may also have the right to lodge a complaint with a data protection regulator in one or more of the European Union member states. Here you can find a list of data protection authorities in Europe: [https://www.edpb.europa.eu/about-edpb/our-members\_en](https://www.edpb.europa.eu/about-edpb/our-members_en)


# Terms of Use
Source: https://docs.jup.ag/user-docs/legal/terms-of-use

Terms of Use governing access to and use of the Jupiter interface at jup.ag.

Jupiter, [https://jup.ag](https://jup.ag), a website-hosted user interface (the **"Interface**") made available for use.

The Interface is a visual representation of Jupiter protocol (the "**Protocol**") which comprises open source software deployed in a permissionless manner. The Interface provides an interface which allows users to view and administer their interactions with the Protocol.

These Terms of Use and any terms and conditions incorporated herein by reference (collectively, the "**Terms**") govern your access to and use of the Interface. You must read the Terms carefully.

To make these Terms easier to read:

Jupiter is referred to as "Jupiter", "we", "us", "our" or "the Company". Jupiter's registered address is Suite 102, Cannon Place, P.O. Box 712, North Sound Rd., George Town, Grand Cayman, KY1-9006 Cayman Islands.

"You", "your" and "user(s)" refers to anybody who accesses or uses, in any way, the Interface. If you are accessing or using the Interface on behalf of a company (such as your employer) or other legal entity, you represent and warrant that you have the authority to bind that entity to these Terms and, in that case, "you", "your" or "user(s)" will refer to that entity.

By accessing, browsing, or otherwise using the Interface, or by acknowledging agreement to the Terms on the Interface, you agree that you have read, understood, and accepted all of the Terms and our Privacy Policy (the "Privacy Policy"), which is incorporated by reference into the Terms.

*IMPORTANT NOTE REGARDING ARBITRATION: WHEN YOU AGREE TO THESE TERMS BY USING OR ACCESSING THE INTERFACE, YOU ARE AGREEING TO RESOLVE ANY DISPUTE BETWEEN YOU AND JUPITER THROUGH BINDING, INDIVIDUAL ARBITRATION RATHER THAN IN COURT. AND YOU AGREE TO A CLASS ACTION WAIVER, BOTH OF WHICH IMPACT YOUR RIGHTS AS TO HOW DISPUTES ARE RESOLVED.*

If you come up with any further questions, please, dont be shy and feel free to contact us at [legal@jup.ag](mailto:legal@jup.ag)

### **1. Eligibility**

General. You may not use the Interface if you are otherwise barred from using the Interface under applicable law.

Legality. You are solely responsible for adhering to all laws and regulations applicable to you and your use or access to the Interface. Your use of the Interface is prohibited by and otherwise violate or facilitate the violation of any applicable laws or regulations, or contribute to or facilitate any illegal activity.

The Interface and each of the Company's services does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorised, or to any person to whom it is unlawful to make such an offer or solicitation.

By using or accessing the Interface, you represent to us that you are not subject to sanctions or otherwise designated on any list of prohibited or restricted parties or excluded or denied persons, including but not limited to the lists maintained by the United Nations Security Council, the European Union or its Member States, or any other government authority.

We make no representations or warranties that the information, products, or services provided through our Interface, are appropriate for access or use in other jurisdictions. You are not permitted to access or use our Interface in any jurisdiction or country if it would be contrary to the law or regulation of that jurisdiction or if it would subject us to the laws of, or any registration requirement with, such jurisdiction. We reserve the right to limit the availability of our Interface to any person, geographic area, or jurisdiction, at any time and at our sole and absolute discretion.

Prohibited Localities. Jupiter does not interact with digital wallets located in, established in, or a resident of the United States, the Republic of China, Singapore, Myanmar (Burma), Cote D'Ivoire (Ivory Coast), Cuba, Crimea and Sevastopol, Democratic Republic of Congo, Iran, Iraq, Libya, Mali, Nicaragua, Democratic People's Republic of Korea (North Korea), Somalia, Sudan, Syria, Yemen, Zimbabwe or any other state, country or region that is subject to sanctions enforced by the United States, the United Kingdom or the European Union. You must not use any software or networking techniques, including use of a Virtual Private Network (VPN) to modify your internet protocol address or otherwise circumvent or attempt to circumvent this prohibition.

Non-Circumvention. You agree not to access the Interface using any technology for the purposes of circumventing these Terms.

### **2. Compliance Obligations**

The Interface may not be available or appropriate for use in all jurisdictions. By accessing or using the Interface, you agree that you are solely and entirely responsible for compliance with all laws and regulations that may apply to you. You further agree that we have no obligation to inform you of any potential liabilities or violations of law or regulation that may arise in connection with your access and use of the Interface and that we are not liable in any respect for any failure by you to comply with any applicable laws or regulations.

### **3. Access to the Interface**

We reserve the right to disable access to the Interface at any time in the event of any breach of the Terms, including without limitation, if we, in our sole discretion, believe that you, at any time, fail to satisfy the eligibility requirements set forth in the Terms. Further, we reserve the right to limit or restrict access to the Interface by any person or entity, or within any geographic area or legal jurisdiction, at any time and at our sole discretion. We will not be liable to you for any losses or damages you may suffer as a result of or in connection with the Interface being inaccessible to you at any time or for any reason.

The Interface and the Protocol may rely on or utilise a variety of external third party services or software, including without limitation oracles, decentralised cloud storage services, analytics tools, hence the Interface or the Protocol may be adversely affected by any number of risks related to these third party services/software. These may include technical interruptions, network congestion/failure, security vulnerabilities, cyberattacks, or malicious activity. Access to the Interface or the Protocol may become degraded or unavailable during times of significant volatility or volume. This could result in the inability to interact with third-party services for periods of time and may also lead to support response time delays. The Company cannot guarantee that the Interface or the Protocol will be available without interruption and neither does it guarantee that requests to interact with third-party services will be successful. You agree that you shall not hold the Company responsible for any losses which occur due to any of the foregoing.

### **4. Your Use of Interface**

By using or accessing the Interface, you represent and warrant that you understand that there are inherent risks associated with virtual currency, and the underlying technologies including, without limitation, cryptography and blockchain, and you agree that Jupiter is not responsible for any losses or damages associated with these risks. You specifically acknowledge and agree that the Interface facilitates your interaction with decentralized networks and technology and, as such, we have no control over any blockchain or virtual currencies and cannot and do not ensure that any of your interactions will be confirmed on the relevant blockchain and do not have the ability to effectuate any cancellation or modification requests regarding any of your interactions.

Without limiting the foregoing, you specifically understand and hereby represent your acknowledgment of the following:

The pricing information data provided through the Interface does not represent an offer, a solicitation of an offer, or any advice regarding, or recommendation to enter into, a transaction with the Interface.

The Interface does not act as an agent for any of the users.

The Interface does not own or control any of the underlying software through which blockchain networks are formed, and therefore is not responsible for them and their operation.

You are solely responsible for reporting and paying any taxes applicable to your use of the Interface.

Although it is intended to provide accurate and timely information on the Interface, the Interface or relevant tools may not always be entirely accurate, complete, or current and may also include technical inaccuracies or typographical errors. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on the Interface or relevant tools are your sole responsibility.

In order to allow other users to have a full and positive experience of using the Interface you agree that you will not use the Interface in a manner that:

Breaches the Terms;

Infringes on or violates any copyright, trademark, service mark, patent, right of publicity, right of privacy, or other proprietary or intellectual property rights under the law;

Seeks to interfere with or compromise the integrity, security, or proper functioning of any computer, server, network, personal device, or other information technology system, including, but not limited to, the deployment of viruses and denial of service attacks;

Attempts, in any manner, to obtain the private key, password, account, or other security information from any other user, including such information about the digital wallet;

Decompiles, reverse engineer, or otherwise attempt to obtain the source code or underlying ideas or information of or relating to the Interface;

Seeks to defraud us or any other person or entity, including, but not limited to, providing any false, inaccurate, or misleading information in order to unlawfully obtain the property of another;

Violates any applicable law, rule, or regulation concerning the integrity of trading markets, including, but not limited to, the manipulative tactics commonly known as spoofing and wash trading;

Violates any applicable law, rule, or regulation of the United States or another relevant jurisdiction, including, but not limited to, the restrictions and regulatory requirements imposed by U.S. law;

Disguises or interferes in any way with the IP address of the computer you are using to access or use the Interface or that otherwise prevents us from correctly identifying the IP address of the computer you are using to access the Interface;

Transmits, exchanges, or is otherwise supported by the direct or indirect proceeds of criminal or fraudulent activity;

Contributes to or facilitates any of the foregoing activities.

As it has been already stated, we only provide you with the relevant interface and software and neither has control over your interactions with the blockchain nor encourages you to perform any. Any interaction performed by you via the Interface remains your sole responsibility.

All information provided in connection with your access and use of the Interface is for informational purposes only and should not be construed as professional advice. You should not take, or refrain from taking, any action based on any information contained in the Interface or any other information that we make available at any time, including, without limitation, blog posts, articles, links to third-party content, news feeds, tutorials, tweets, and videos. Before you make any financial, legal, or other decisions involving the Interface, you should seek independent professional advice from an individual who is licensed and qualified in the area for which such advice would be appropriate.

The Terms are not intended to, and do not, create or impose any fiduciary duties on us. To the fullest extent permitted by law, you acknowledge and agree that we owe no fiduciary duties or liabilities to you or any other party and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated. You further agree that the only duties and obligations that we owe you are those set forth expressly in the Terms.

You understand that smart contract protocols such as the Protocol simply comprise a set of autonomous blockchain-based smart contracts deployed on the relevant blockchain network, operated directly by users calling functions on it (which allows them to interact with other users in a multi-party peer-to-peer manner). There is no further control by or interaction with the original entity which had deployed the smart contract, which entity solely functions as a provider of technical tools for users, and is not offering any sort of securities product or regulated service nor does it hold any user assets on custody. Any rewards earned by user interactions arise solely out of their involvement in the protocol by taking on the risk of interacting with other users and the ecosystem.

### **5. Non-custodial nature of Interface and Protocol**

The Interface and Protocol are non-custodial in nature, therefore neither holds or controls your digital assets. Any digital assets which you may acquire through the usage of the Interface or the Protocol will be held and administered solely by you through your selected electronic wallet, and we shall have no access to or responsibility in regard to such electronic wallet or digital asset held therein. It is solely your responsibility to select the wallet service provider to use, and your use of such electronic wallet will be subject to the governing terms of use or privacy policy of the provider of such wallet. We neither own nor control your selected electronic wallet service, the relevant blockchain network, or any other third party site, product, or service that you might access, visit, or use for the purpose of enabling you to utilise the Interface or the Protocol. We will not be liable for the acts or omissions of any such third parties, nor will we be liable for any damage that you may suffer as a result of your transactions or any other interaction with any such third parties.

We will not create any hosted wallet for you or otherwise custody digital assets on your behalf, and it is your sole responsibility to maintain the security of your selected electronic wallet. You hereby irrevocably waive, release and discharge all claims, whether known or unknown to you, against us, our affiliates and their respective shareholders, members, directors, officers, employees, agents and representatives related to your use of any wallet software, associated loss of digital assets, transaction failures, or any other defects that arise in the course of your use of your electronic wallet, including any losses that may obtain as a result of any failure of the Interface or the Protocol.

Neither the Company, the Interface nor the Protocol provides any digital asset exchange or portfolio/fund management services. If you choose to engage in transactions with other users via the Interface or the Protocol, then such decisions and transactions and any consequences flowing therefrom are your sole responsibility. In no event shall the Company, its affiliates or their respective directors or employees be responsible or liable to you or anyone else, directly or indirectly, for any damage or loss arising from or relating to any interaction or continued interaction with the Interface or the Protocol or in reliance on any information provided on the Interface (including, without limitation, directly or indirectly resulting from errors in, omissions of or alterations to any such information).

"Know Your Customer" and "Anti-Money Laundering" checks: We reserve the right to conduct "Know Your Customer" and "Anti-Money Laundering" checks on you if deemed necessary by us (at our sole discretion) or such checks become required under applicable laws in any jurisdiction. Upon our request, you shall immediately provide us with information and documents that we, in our sole discretion, deem necessary or appropriate to conduct "Know Your Customer" and "Anti-Money Laundering" checks. Such documents may include, but are not limited to, passports, driver's licenses, utility bills, photographs of associated individuals, government identification cards or sworn statements before notaries or other equivalent professionals. Notwithstanding anything herein, we may, in its sole discretion, refuse to provide access to the Interface to you until such requested information is provided, or in the event that, based on information available to us, you are suspected of using the Interface or the Protocol in connection with any money laundering, terrorism financing, or any other illegal activity. In addition, we shall be entitled to use any possible efforts for preventing money laundering, terrorism financing or any other illegal activity, including without limitation monitoring of transactions which you perform, screening of your digital wallet addresses, performing analytics on the foregoing as well as any related transactions or digital wallet address, blocking of your access to the Interface or the Protocol, or providing your information to any regulatory authority.

### **6. Disclaimers**

You understand and agree that the Interface enables access to an online, decentralized, and autonomous protocol and environment, and associated decentralized networks, that are not controlled by Jupiter. We do not have access to your private key and cannot initiate an interaction with your virtual currency or otherwise access your virtual currency. We are not responsible for any activities that you engage in when using your wallet, or the Interface.

Jupiter cannot and does not represent or guarantee that any of the information available through the Interface is accurate, reliable, current, complete or appropriate for your needs. The information displayed through the Interface including information about prices is provided by third parties and/or calculated for informational purposes. Your use of any third-party scripts, indicators, ideas, and other content is at your sole risk.

You expressly understand and agree that your use of the Interface is at your sole risk. We make and expressly disclaim all representations and warranties, express, implied or statutory, and with respect to the Interface and the code proprietary or open-source, we specifically do not represent and warrant and expressly disclaim any representation or warranty, express, implied or statutory, including without limitation, any representations or warranties of title, non-infringement, merchantability, usage, security, suitability or fitness for any particular purpose, or as to the workmanship or technical coding thereof, or the absence of any defects therein, whether latent or patent. We do not represent or warrant that the Interface, code, and any related information are accurate, complete, reliable, current, or error-free. The Interface is provided on an "as is" and "as available" basis, without warranties of any kind, either express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, or non-infringement.

You acknowledge that no advice, information, or statement that we make should be treated as creating any warranty concerning the Interface. We do not endorse, guarantee, or assume responsibility for any advertisements, offers, or statements made by third parties concerning the Interface. You acknowledge that Jupiter is not responsible for transferring, safeguarding, or maintaining your private keys or any virtual currency associated therewith. If you lose, mishandle, or have stolen associated virtual currency private keys, you acknowledge that you may not be able to recover associated virtual currency and that Jupiter is not responsible for such loss. You acknowledge that Jupiter is not responsible for any loss, damage, or liability arising from your failure to comply with the terms hereunder.

By accessing and using the Interface, you represent that you understand (a) the Interface facilitates access to the Protocol, the use of which has many inherent risks, and (b) the cryptographic and blockchain-based systems have inherent risks to which you are exposed when using the Interface. You further represent that you have a working knowledge of the usage and intricacies of blockchain-based digital assets, including, without limitation, SPL token standard available on the Solana blockchain. You further understand that the markets for these blockchain-based digital assets are highly volatile due to factors that include, but are not limited to, adoption, speculation, technology, security, and regulation. You acknowledge that the cost and speed of transacting with blockchain-based systems, such as Solana, are variable and may increase or decrease, respectively, drastically at any time. You hereby acknowledge and agree that we are not responsible for any of these variables or risks associated with the Protocol and cannot be held liable for any resulting losses that you experience while accessing or using the Interface. Accordingly, you understand and agree to assume full responsibility for all of the risks of accessing and using the Interface to interact with the Protocol.

The Interface may contain references or links to third-party resources, including, but not limited to, information, materials, products, or services, that we do not own or control. In addition, third parties may offer promotions related to your access and use of the Interface. We do not endorse or assume any responsibility for any such resources or promotions. If you access any such resources or participate in any such promotions, you do so at your own risk, and you understand that the Terms do not apply to your dealings or relationships with any third parties. You expressly relieve us of any and all liability arising from your use of any such resources or participation in any such promotions.

### **7. Intellectual Proprietary Rights**

We own all intellectual property and other rights in the Interface and its contents, including, but not limited to, software, text, images, trademarks, service marks, copyrights, patents, and designs. Unless expressly authorized by us, you may not copy, modify, adapt, rent, license, sell, publish, distribute, or otherwise permit any third party to access or use the Interface or any of its contents. Accessing or using the Interface does not constitute a grant to you of any proprietary intellectual property or other rights in the Interface or its contents.

You will retain ownership of all intellectual property and other rights in any information and materials you submit through the Interface. However, by uploading such information or materials, you grant us a worldwide, royalty-free, irrevocable license to use, copy, distribute, publish and send this data in any manner in accordance with applicable laws and regulations.

You may choose to submit comments, bug reports, ideas, or other feedback about the Interface, including, without limitation, about how to improve the Interface (collectively, "Feedback"). By submitting any Feedback, you agree that we are free to use such Feedback at our discretion and without additional compensation to you, and to disclose such Feedback to third parties (whether on a non-confidential basis or otherwise). If necessary under applicable law, then you hereby grant us a perpetual, irrevocable, non-exclusive, transferable, worldwide license under all rights necessary for us to incorporate and use your Feedback for any purpose.

If (i) you satisfy all of the eligibility requirements set forth in the Terms, and (ii) your access to and use of the Interface complies with the Terms, you hereby are granted a single, personal, limited license to access and use the Interface. This license is non-exclusive, non-transferable, and freely revocable by us at any time without notice or cause in our sole discretion. Use of the Interface for any purpose not expressly permitted by the Terms is strictly prohibited.

In the event that you utilise any intellectual property in any manner which infringes on the rights of any party (including by unauthorised incorporation of the same in any project, protocol, code or any digital token), the Company reserves the sole discretion to effectuate the takedown of any such project, protocol, code or any digital token (or underlying intellectual property) at any time, without notice, compensation or payment to you. In addition, and without prejudice to the Company's other remedies under this Agreement, you shall indemnify the Company and its officers, directors, employees, contractors, agents, affiliates, and subsidiaries from and against all claims, damages, obligations, losses, liabilities, costs, and expenses arising from your aforesaid infringement of intellectual rights.

### **8. Indemnification**

You agree to hold harmless, release, defend, and indemnify us and our officers, directors, employees, contractors, agents, affiliates, and subsidiaries from and against all claims, damages, obligations, losses, liabilities, costs, and expenses arising from (a) your access to and use of the Interface; (b) your violation of these Terms, the right of any third party, or any other applicable law, rule, or regulation; and (c) any other party's access and use of the Interface with your assistance or using any device or account that you own or control.

### **9. Limitation of Liability**

Under no circumstances shall we or any of our officers, directors, employees, contractors, agents, affiliates, or subsidiaries be liable to you for any indirect, punitive, incidental, special, consequential, or exemplary damages, including (but not limited to) damages for loss of profits, goodwill, use, data, or other intangible property, arising out of or relating to any access to or use of the Interface, nor will we be responsible for any damage, loss, or injury resulting from hacking, tampering, or other unauthorized access to or use of the Interface, or from any access to or use of any information obtained by any unauthorized access to or use of the Interface. We assume no liability or responsibility for any: (a) errors, mistakes, or inaccuracies of content; (b) personal injury or property damage, of any nature whatsoever, resulting from any access to or use of the Interface; (c) unauthorized access to or use of any secure server or database in our control or the use of any information or data stored therein; (d) interruption or cessation of function related to the Interface; (e) bugs, viruses, trojan horses, or the like that may be transmitted to or through the Interface; (f) errors or omissions in, or loss or damage incurred as a result of, the use of any content made available through the Interface; and (g) the defamatory, offensive, or illegal conduct of any third party. Under no circumstances shall we or any of our officers, directors, employees, contractors, agents, affiliates, or subsidiaries be liable to you for any claims, proceedings, liabilities, obligations, damages, losses, or costs in an amount exceeding the greater of (i) the amount you paid to us in exchange for access to and use of the Interface, or (ii) \$100.00. This limitation of liability applies regardless of whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis, and even if we have been advised of the possibility of such liability. Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of certain liabilities and damages. Accordingly, some of the disclaimers and limitations set forth in the Terms may not apply to you. This limitation of liability shall apply to the fullest extent permitted by law.

### **10. Arbitration and Class Action Waiver**

Binding Arbitration. Except for disputes in which either party seeks to bring an individual action in small claims court or seeks injunctive or other equitable relief for the alleged unlawful use of copyrights, trademarks, trade names, logos, trade secrets or patents, you and the Jupiter: (a) waive the right to have any and all disputes or claims arising from these Terms, your use or access to the Interface or any other disputes with the Jupiter (collectively, "Disputes") resolved in a court; and (b) waive any right to a jury trial. Instead, you and the Jupiter agree to arbitrate Disputes that are not resolved informally (as described below) through binding arbitration (i.e. the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it) instead of having the Dispute decided by a judge or jury in court).

No Class Arbitrations, Class Actions or Representative Actions. You and Jupiter agree that any dispute is personal to you and Jupiter and that any such dispute will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action, or any other type of representative proceeding. Neither party agrees to class arbitration or to an arbitration in which an individual attempts to resolve a dispute as a representative of another individual or group of individuals. Further, you and the Jupiter agree that a dispute cannot be brought as a class, or other types of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.

Process. You and the Jupiter agree that each will notify the other, in writing, of any Dispute within thirty (30) days of when it arises so that the parties can attempt, in good faith, to resolve the Dispute informally. Notice to Jupiter shall be provided by sending an email to [legal@jup.ag](mailto:legal@jup.ag). Your notice must include (1) your name, postal address, and email address; (2) a description of the nature or basis of the Dispute; and (3) the specific action that you are seeking. If you and the Jupiter cannot resolve the Dispute within thirty (30) days of the Jupiter receiving the notice, either you or Jupiter may, as appropriate pursuant to this Section 10, commence an arbitration proceeding. You and Jupiter agree that any arbitration or claim must be commenced or filed within one (1) year after the Dispute arose; otherwise, you and the Jupiter agree that the claim is permanently barred (which means that you will no longer have the right to assert a claim regarding the Dispute).

Choice of Law. These Terms are governed by and will be construed under the laws of Panama, without regard to principles of conflict of laws, govern the Terms and any Dispute between you and us. Any Dispute under these Terms shall be finally settled by Binding Arbitration (as defined below). Any unresolved Dispute arising out of or in connection with these Terms shall be referred to and finally resolved by arbitration under the rules of the London Court of International Arbitration (LCIA), which rules are deemed to be incorporated by reference into this Section 10 to the extent they are consistent with it. Any dispute arising from or relating to the subject matter of these Terms shall be finally settled in London, United Kingdom, in English, in accordance with the LCIA Arbitration Rules. Unless we agree otherwise, the arbitrator may not consolidate your claims with those of any other party. Any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction, to the extent a court therein would be deemed to be a court of competent jurisdiction other than any court located in the United States of America. You further agree that the Interface shall be deemed to be based solely in Panama and that, although the Interface may be available in other jurisdictions, its availability does not give rise to general or specific personal jurisdiction in any forum outside Panama.

Authority of Arbitrator. As limited by these Terms and applicable arbitration rules, the arbitrator will have: (a) the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a Dispute; and (b) the authority to grant any remedy that would otherwise be available in court. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual s claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual.

### **11. Miscellaneous**

*Changes.* We may amend any portion of these Terms at any time by posting the revised version of these Terms with an updated revision date. The changes will become effective and shall be deemed accepted by you, the first time you use or access the Interface after the initial posting of the revised Terms and shall apply on a going-forward basis with respect to your use of the Interface including any transactions initiated after the posting date. In the event that you do not agree with any such modification, your sole and exclusive remedy are to terminate your use of the Interface.

*Entire Agreement.* These Terms (and any additional terms, rules, and conditions of participation that may be posted on the website of Jupiter) including the Privacy Policy constitute the entire agreement with respect to the Interface and supersedes any prior agreements, oral or written.

*Privacy Policy.* The Privacy Policy describes the ways we collect, use, store and disclose your personal information. You agree to the collection, use, storage, and disclosure of your data in accordance with the Privacy Policy.

*Severability.* If any provision of these Terms shall be determined to be invalid or unenforceable under any rule, law, or regulation of any local, state, or federal government agency, such provision will be changed and interpreted to accomplish the objectives of the provision to the greatest extent possible under any applicable law and the validity or enforceability of any other provision of these Terms shall not be affected. If such construction is not possible, the invalid or unenforceable portion will be severed from these Terms but the rest of these Terms will remain in full force and effect.

*Survival.* Upon termination of these Terms for any reason, all rights and obligations of the parties that by their nature are continuing will survive such termination.

*English language.* Notwithstanding any other provision of these Terms, any translation of these Terms is provided for your convenience. The meanings of terms, conditions, and representations herein are subject to their definitions and interpretations in the English language. In the event of conflict or ambiguity between the English language version and translated versions of these terms, the English language version shall prevail. You acknowledge that you have read and understood the English language version of these Terms.

If you have any questions, claims, complaints, or suggestions, please, contact us at [legal@jup.ag](mailto:legal@jup.ag)


# Connecting a Wallet or Jupiter ID on jup.ag
Source: https://docs.jup.ag/user-docs/manage/connect-wallet/index

Connect on jup.ag with Jupiter Wallet, Jupiter Mobile, Phantom or another Solana wallet, WalletConnect QR, or a Jupiter ID (email, Google, Apple).

Swapping, lending, and every other action on [jup.ag](https://jup.ag/) requires a connected account. The **Connect** button (top right) offers two ways in: a **Solana wallet** you already hold, or a **Jupiter ID**, an account created with an email, Google, or Apple login.

| Option | Best for | Where your keys are |
| - | - | - |
| **Solana wallet** | Anyone with a wallet: Jupiter Wallet, Jupiter Mobile, Phantom, a hardware wallet, or any WalletConnect app | In your wallet; jup.ag only requests signatures |
| **Jupiter ID** | Starting without a wallet, from an email or social account | In an embedded wallet tied to your login; the private key can be exported from jup.ag |

***

## Connecting with a wallet

Click **Connect** and select your wallet. The panel shows [Jupiter Wallet](/user-docs/manage/extension-wallet) (marked **Recommended**, with instant trades and auto-approvals) and **Jupiter Mobile** (scan the QR code with the app) at the top. Below that, it adapts to you, with **Recently Used** wallets and any wallet extensions detected as **Installed** in your browser (for example Phantom).

Click **View More Wallets** to see the full list: **Jupiter ID** (Email or Social Login), Solflare, Coinbase Wallet, Trust, Ledger, Trezor, Bitget Wallet, and a **QR** option. Approve the connection request in your wallet to complete the connection.

### Connecting via WalletConnect (QR)

The **QR** option at the end of the wallet list opens a **WalletConnect** connection: scan the QR code with your phone (or copy the link) and approve the connection from any WalletConnect-compatible wallet app.

Use this option to connect wallets that do not appear in the list. For example, Tangem is not directly integrated on jup.ag, but you can connect it through the QR option and approve the connection in the Tangem app via WalletConnect.

***

## Connecting with Jupiter ID

**Jupiter ID** lets you access Jupiter using an email or social account instead of an external wallet. Your Jupiter ID is created automatically the first time you log in, together with an embedded wallet that holds your funds.

Supported login methods:

<CardGroup>
  <Card title="Email" icon="envelope" />

  <Card title="Google" icon="google" />

  <Card title="Apple" icon="apple" />
</CardGroup>

<Note>
  Jupiter ID supports email, Google, and Apple only. No other login method creates a Jupiter ID.
</Note>

To log in, click **Connect**, open **View More Wallets**, and select **Jupiter ID** (Email or Social Login). The **Your ID for all things Jupiter** window offers **Email**, **Google**, and **Apple**; complete authentication with the method of your choice. Your Jupiter ID is created on the first login.

A Jupiter ID wallet has no seed phrase. Its private key can be exported from jup.ag: once connected, open the wallet drawer (your address, top right) and click the **key icon**. The same flow is described for [Jupiter ID wallets in Jupiter Wallet](/user-docs/manage/extension-wallet/security#exporting-a-jupiter-id-wallet-private-key) and [Quick Accounts in Jupiter Mobile](/user-docs/global/mobile/managing-wallets#exporting-your-quick-account-private-key).

<Warning>
  If you lose access to the email or social account behind your Jupiter ID, there is no other way to recover the wallet. Export and back up the private key.
</Warning>

Jupiter ID is offered on jup.ag, in the [Jupiter Wallet extension](/user-docs/manage/extension-wallet/getting-started#creating-a-wallet), and in Jupiter Mobile; the extension describes it as portable across Jupiter interfaces.

***

## After you connect

Your shortened address replaces the **Connect** button. Click it to open the **wallet drawer**:

* **Header**: your address with a copy button, an eye icon to hide balances, and your total balance in USD with its SOL equivalent.
* **Deposit** and **Send** buttons, which lead into the [Jupiter Deposit](/user-docs/onramp/deposit) and [Jupiter Send](/user-docs/onramp/send) flows, and a disconnect button.
* **Wallet** tab: your positions by category, each with its value (**Holdings**, **Limit**, **DCA**, **Perps**, **Lend**, and more). Holdings lists your tokens with the [verified](/user-docs/launch/vrfd) badge and, on tokens you can supply to [Jupiter Lend](/user-docs/earn/lend/earn), an **Earn x% APY** shortcut. The header shows your PnL with a **PnL Analysis** view and a **Reclaim** button with the number of empty token accounts whose rent you can recover. **Other DeFi Positions** opens the full list.
* **Activity** tab: your recent transactions.

To switch wallets, disconnect from the drawer and connect again with another option.

***

## Legacy login methods

The Jupiter ID window includes a collapsed **Legacy login methods** section listing **Discord**, **Twitter**, and **Wallet**.

These methods are available only to users who previously created their account with them. Existing accounts can still log in normally.

They cannot be used to create a new account. Attempting to log in without an existing account fails with an error. For example, a new wallet login attempt displays "Jupiter ID only supports email, Google, or Apple" and prompts you to choose another method.

<Note>
  If you currently log in with a legacy method, you should migrate to Jupiter ID using email, Google, or Apple.
</Note>

***

## Troubleshooting

<AccordionGroup>
  <Accordion title="My wallet extension does not appear under Installed">
    Make sure the extension is enabled in your browser and reload jup.ag. If it still does not appear, open **View More Wallets** and pick it from the full list, or use the **QR** (WalletConnect) option.
  </Accordion>

  <Accordion title="A dApp or site only lists Phantom, not Jupiter Wallet">
    In Jupiter Wallet, enable **Settings** → **Preferences** → [Connect as Phantom](/user-docs/manage/extension-wallet/settings#connect-as-phantom). The wallet then presents itself as Phantom on that site.
  </Accordion>

  <Accordion title="I logged in with Discord or X before and cannot create a new account">
    Discord, X, and wallet logins are legacy methods that only work for accounts created with them. Use email, Google, or Apple to create a Jupiter ID.
  </Accordion>
</AccordionGroup>

<Note>
  For questions about the extension itself, see the [Jupiter Wallet FAQ](/user-docs/manage/extension-wallet/faq). For account or login issues, contact [Jupiter Support](https://support.jup.ag).
</Note>


# Jupiter Wallet Auto-Earn
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/auto-earn

Auto-Earn in Jupiter Wallet deposits the stablecoins you enable (USDC, USDT, JupUSD, EURC, USDG, USDS) into Jupiter Lend Earn automatically, checked hourly.

## Overview

Auto-Earn is a feature of the Jupiter Wallet browser extension. For each stablecoin you enable, it automatically deposits your full balance of that token into [Jupiter Earn](/user-docs/earn/lend/earn), Jupiter Lend's earning vaults, once the balance exceeds a threshold, so it generates yield without manual action. The current Earn APY is shown next to each token in the extension.

| Detail | Value |
| - | - |
| **Destination** | [Jupiter Earn](/user-docs/earn/lend/earn) (Jupiter Lend) |
| **Scope** | Per token: each supported stablecoin has its own toggle, in each wallet |
| **Supported tokens** | JupUSD, USDC, USDT, EURC, USDG, USDS (as listed in the extension) |
| **Check interval** | Every hour while the wallet is unlocked; a deposit happens when the balance exceeds the threshold |
| **Eligibility** | Hot wallets (seed phrase or private key); Jupiter ID wallets are excluded |
| **Notification** | Browser notification on each successful deposit |
| **Fees** | Jupiter Lend's protocol fee on the interest earned (see [Fees](/user-docs/manage/extension-wallet/fees)) |

***

## How Auto-Earn works

* Once a token is enabled, its full balance is deposited when it exceeds the threshold, then the balance is checked every hour.
* The wallet must be **unlocked** for deposits to execute. There is no background process when the wallet is locked. If more than one hour has passed since the last check, a deposit is triggered at unlock.
* A browser notification is sent on successful deposit. This is a system notification and requires browser notifications to be enabled.

***

## Eligibility

Auto-Earn is available for hot wallets only. Jupiter ID wallets (formerly Social Login, powered by Privy) are excluded.

***

## Enabling and disabling

Open **Settings** → **Preferences** → **Auto Earn**. Tick **I understand the risks of automatically depositing into Jupiter Lend**, toggle the tokens you want to deposit automatically, and select **Save**. **Manage Deposits on Jupiter** opens [Jupiter Lend](/user-docs/earn/lend) on jup.ag, where you can see and withdraw your deposits. Turning a token off stops new automatic deposits for it; funds already deposited stay in Jupiter Earn until you withdraw them there.

***

## Risks

<Warning>
  Funds deposited via Auto-Earn are subject to the same risks as any deposit into Jupiter Earn, including smart contract risk and variable yield. Review the [Jupiter Lend documentation](/user-docs/earn/lend) for details.
</Warning>

<Note>
  Questions about Auto-Earn? See the [Jupiter Wallet FAQ](/user-docs/manage/extension-wallet/faq#features) and the [Jupiter Lend FAQ](/user-docs/earn/lend/faq).
</Note>


# Jupiter Wallet FAQ
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/faq

Jupiter Wallet FAQ: browsers, self-custody, fees, moving from another wallet, Jupiter Mobile sync, MEV protection, Auto-Earn, Ticker Widget, troubleshooting.

## General

<AccordionGroup>
  <Accordion title="Is Jupiter Wallet a browser extension?">
    Yes. Jupiter Wallet is a self-custodial browser extension wallet for Solana, built by Jupiter and installed from the [Chrome Web Store](https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh). Its mobile counterpart is [Jupiter Mobile](/user-docs/global/mobile). See [What is Jupiter Wallet?](/user-docs/manage/extension-wallet).
  </Accordion>

  <Accordion title="Which browsers support Jupiter Wallet?">
    Chrome, Brave, Arc, Edge, and Opera. All are Chromium-based and install from the same Chrome Web Store listing. Edge and Opera may require allowing Chrome Web Store extensions in the browser settings. See [Supported browsers](/user-docs/manage/extension-wallet#supported-browsers).
  </Accordion>

  <Accordion title="Does the extension support Firefox?">
    Not at this time. The extension is available on Chromium-based browsers only (Chrome, Brave, Arc, Edge, Opera).
  </Accordion>

  <Accordion title="Is Jupiter Wallet free? What fees does it charge?">
    Installing and using the wallet is free, and there are no fees for sending or receiving tokens. Swaps carry a Jupiter Ultra trading fee of 0% to 0.5% depending on the pair, and gasless swaps carry no extra fee: Jupiter only recovers the gas it pays for you from the swap output. See [Jupiter Wallet Fees](/user-docs/manage/extension-wallet/fees).
  </Accordion>

  <Accordion title="What is the difference between Jupiter Wallet and Jupiter Mobile?">
    Jupiter Wallet is the browser extension for desktop; Jupiter Mobile is the iOS and Android app. They are separate products with the same self-custodial model, and the same wallet can be used on both through [Jupiter Sync](/user-docs/manage/extension-wallet/getting-started#jupiter-sync-mobile-and-extension).
  </Accordion>

  <Accordion title="Is Jupiter Wallet open-source?">
    Not at this time. The team is working toward making the code publicly available. See [Open source status](/user-docs/manage/extension-wallet#open-source-status).
  </Accordion>
</AccordionGroup>

***

## Setup and import

<AccordionGroup>
  <Accordion title="How do I install Jupiter Wallet?">
    Install it from the [Chrome Web Store](https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh) and confirm the publisher is **[extension@jup.ag](mailto:extension@jup.ag)**. Any other installer is not official. See [Installation](/user-docs/manage/extension-wallet/getting-started#installation).
  </Accordion>

  <Accordion title="How do I move from Phantom or another wallet to Jupiter Wallet?">
    Export the seed phrase or private key from your current wallet, then in Jupiter Wallet choose **Add New Wallet** → **Import Existing Wallet**. Your funds stay on the same address; nothing needs to be transferred. See [Moving from another wallet](/user-docs/manage/extension-wallet/getting-started#moving-from-another-wallet).
  </Accordion>

  <Accordion title="Can I use the same wallet across multiple browsers or devices?">
    Yes. You can import the same wallet into the extension on any Chromium-based browser using your seed phrase, private key, or Jupiter ID.

    To use it on your phone as well, use **Jupiter Sync**. See [Jupiter Sync (Mobile and Extension)](/user-docs/manage/extension-wallet/getting-started#jupiter-sync-mobile-and-extension).
  </Accordion>

  <Accordion title="Can I use Jupiter Wallet with Jupiter Mobile?">
    Yes. Jupiter Sync links the extension and the mobile app by scanning a QR code, so the same wallet is available on both without re-entering a seed phrase. See [Jupiter Sync (Mobile and Extension)](/user-docs/manage/extension-wallet/getting-started#jupiter-sync-mobile-and-extension).
  </Accordion>

  <Accordion title="Does Jupiter Wallet support Ledger, Keystone, or Trezor?">
    Yes. Add a hardware wallet from the wallet list with **Add New Wallet** → **Import Existing Wallet** → **Hardware Wallet**. Ledger supports swaps, Limit Orders v2, Prediction claiming, and off-chain message signing (sign-in requests) through the extension. See [Hardware wallets](/user-docs/manage/extension-wallet/getting-started#hardware-wallets).
  </Accordion>

  <Accordion title="How do I switch between my wallets?">
    Click your wallet name (top left) to open the wallet list and select another wallet. **Add New Wallet** at the bottom of the list creates or imports one. See [Getting Started](/user-docs/manage/extension-wallet/getting-started#creating-a-wallet).
  </Accordion>

  <Accordion title="Can I create a wallet with an email or social account?">
    Yes, with **Jupiter ID** (formerly Social Login), powered by Privy: email, Google, Apple, X, or Discord in the extension, the same login as on jup.ag and Jupiter Mobile, limited to one Jupiter ID account per extension. A Jupiter ID wallet has no seed phrase and cannot be recovered if you lose access to the account, so export its private key. See [Creating a wallet](/user-docs/manage/extension-wallet/getting-started#creating-a-wallet).
  </Accordion>

  <Accordion title="Is there a limit on the number of wallets I can add?">
    No. You can add as many seed phrase, imported, hardware, and watch wallets as you like. The one constraint is Jupiter ID: one Jupiter ID account per extension. See [Managing wallets in the list](/user-docs/manage/extension-wallet/settings#managing-wallets-in-the-list).
  </Accordion>
</AccordionGroup>

***

## Security

<AccordionGroup>
  <Accordion title="Is Jupiter Wallet self-custodial? Does Jupiter hold my keys?">
    Jupiter Wallet is fully self-custodial. Private keys and recovery data are stored only on your device; Jupiter never stores, accesses, or transmits them. See [Self-custody](/user-docs/manage/extension-wallet/security#self-custody).
  </Accordion>

  <Accordion title="Does Jupiter Wallet protect against MEV and sandwich attacks?">
    Swaps route through [Jupiter Ultra](/user-docs/trade/spot/ultra-mode), whose transaction landing engine provides private, MEV-resistant execution. See [Jupiter Ultra routing and MEV protection](/user-docs/manage/extension-wallet/swap-and-trade#jupiter-ultra-routing-and-mev-protection).
  </Accordion>

  <Accordion title="What is Transaction Protection?">
    Built-in detection of transfers to known malicious addresses injected into a transaction by malicious browser extensions. The wallet filters them out before submission, on any website. See [Transaction Protection](/user-docs/manage/extension-wallet/security#transaction-protection).
  </Accordion>

  <Accordion title="What happens if I forget my password?">
    Select **Forgot Password** on the login screen. This resets the extension; you then re-import your wallets with your recovery phrase, private key, or Jupiter ID. Your funds are unaffected on-chain, but without a recovery phrase or private key you lose access permanently. See [Password](/user-docs/manage/extension-wallet/security#password).
  </Accordion>

  <Accordion title="How do I export my private key or seed phrase?">
    From the wallet list, open the three-dot menu next to the wallet → **Export Key/Seed**. Jupiter ID wallets have no in-extension export; the private key is retrieved through jup.ag instead. See [Exporting keys](/user-docs/manage/extension-wallet/security#exporting-keys).
  </Accordion>

  <Accordion title="Is it safe to enable Auto-Approve?">
    Auto-Approve signs transactions on Jupiter and Meteora without a confirmation prompt. It is faster but removes the chance to review each transaction; enable it only if you understand the trade-off. See [Auto-Approve](/user-docs/manage/extension-wallet/settings#auto-approve).
  </Accordion>
</AccordionGroup>

***

## Features

<AccordionGroup>
  <Accordion title="What is Auto-Earn, and is it safe?">
    Auto-Earn deposits the full balance of the stablecoins you enable (JupUSD, USDC, USDT, EURC, USDG, USDS) into [Jupiter Earn](/user-docs/earn/lend/earn) once it exceeds a threshold, checking every hour while the wallet is unlocked. It is available for hot wallets only, not Jupiter ID wallets. Funds carry the same risks as any Jupiter Earn deposit. See [Auto-Earn](/user-docs/manage/extension-wallet/auto-earn).
  </Accordion>

  <Accordion title="What is the Ticker Widget?">
    A feature that detects token and stock tickers and contract addresses on X, Google, CoinMarketCap, Yahoo Finance, ChatGPT, Claude, and Gemini, and shows a popover with price, chart, and a swap button. It can be turned off in Settings. See [Ticker Widget](/user-docs/manage/extension-wallet/ticker-widget).
  </Accordion>

  <Accordion title="Can I receive tokens from another network?">
    Yes. The Receive view has a network selector covering Ethereum, Base, Arbitrum, Sui, BNB Chain and Robinhood Chain, then a token list for the selected network; funds sent to a non-Solana network address arrive on Solana as USDC through Universal Deposit. See [Receiving from other networks](/user-docs/manage/extension-wallet/sending-and-receiving#receiving-from-other-networks).
  </Accordion>

  <Accordion title="Can I place limit or recurring orders from the wallet?">
    Yes. The swap panel has **Limit** and **Recurring** tabs, with the same order types as jup.ag. See [Limit and recurring orders](/user-docs/manage/extension-wallet/swap-and-trade#limit-and-recurring-orders).
  </Accordion>

  <Accordion title="A dApp only lists Phantom. Can I still connect with Jupiter Wallet?">
    Yes. Enable **Settings** → **Preferences** → **Connect as Phantom**, and Jupiter Wallet presents itself as Phantom on that dApp. See [Connect as Phantom](/user-docs/manage/extension-wallet/settings#connect-as-phantom).
  </Accordion>

  <Accordion title="Can I add assets manually to my portfolio?">
    No. Your portfolio updates automatically based on the tokens held in your wallet. Swapping, sending, or receiving tokens will reflect in your holdings without any manual action.
  </Accordion>

  <Accordion title="Do my holdings include assets staked or locked in other protocols?">
    Your main holdings show tokens held directly in your wallet. DeFi positions across 160+ Solana protocols (lending, LPing, staking, etc.) are visible under the **DeFi** tab. See [DeFi positions](/user-docs/manage/extension-wallet/portfolio#defi-positions).
  </Accordion>

  <Accordion title="Does Jupiter Wallet support Solana v1 transactions?">
    Yes. Since version 1.19.1, swaps and sends made from the wallet can use the v1 transaction format (the larger format Solana activated on mainnet in September 2026). Earlier formats keep working, and there is nothing to enable.
  </Accordion>

  <Accordion title="What is Reclaim, and is it safe to close a token account?">
    Every token account locks about 0.002 SOL of rent. Reclaim closes the accounts of tokens you no longer hold and returns the SOL; it also recovers the excess rent from accounts you keep, since Solana has lowered the required deposit over time. It is safe: your balances are untouched, and a new account is created automatically if you receive a closed token again. See [Reclaiming rent](/user-docs/manage/extension-wallet/portfolio#reclaiming-rent).
  </Accordion>
</AccordionGroup>

***

## Troubleshooting

<AccordionGroup>
  <Accordion title="How do I update the extension?">
    The extension updates automatically when a new version is released. Restarting your browser usually triggers the update. To check manually, go to `chrome://extensions/`, enable **Developer mode**, and click **Update**. See [Updates](/user-docs/manage/extension-wallet/settings#updates).
  </Accordion>

  <Accordion title="A site says my wallet is disconnected after an extension update">
    Browser extensions restart when they update, which drops the live connection to open sites. Sites using Jupiter Wallet show a prompt to reload the page: reload, and the connection comes back. See [dApp connections](/user-docs/manage/extension-wallet/settings#dapp-connections).
  </Accordion>

  <Accordion title="How do I lock the wallet or log out?">
    There is no logout. Lock the wallet from the **three-dot menu** → **Lock Wallet**, or set an **Auto Lock Time** in Settings. See [Locking the wallet](/user-docs/manage/extension-wallet/security#locking-the-wallet).
  </Accordion>

  <Accordion title="Which version of the extension do I have?">
    **Settings** → **Support** → **What's New** shows the current version next to the changelog. See [Updates](/user-docs/manage/extension-wallet/settings#updates).
  </Accordion>

  <Accordion title="How do I disconnect a dApp?">
    **Three-dot menu** → **Settings** → **Security** → **Connected Apps**, then revoke the connection. See [dApp connections](/user-docs/manage/extension-wallet/settings#dapp-connections).
  </Accordion>
</AccordionGroup>

## Bug reports

To report a bug, go to [support.jup.ag](https://support.jup.ag/) and submit a ticket with relevant details and screenshots. The support team will review and follow up. You can also send feedback from the extension under **Settings** → **Support** → **Feedback**.


# Jupiter Wallet Fees
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/fees

Jupiter Wallet fees: free sends, Jupiter Ultra swap fees from 0% to 0.5%, how gasless swaps recover gas costs, limit and recurring orders, and Auto-Earn.

This page recaps every fee that applies when using Jupiter Wallet, with links to each product's detailed fee documentation.

## Sends and receives

There are no Jupiter fees for sending or receiving tokens. Standard Solana network fees apply to sends.

## Swaps

Swaps route through [Jupiter Ultra](/user-docs/trade/spot/ultra-mode) and carry a trading fee that depends on the token pair and market conditions:

| Swap type | Fee |
| - | - |
| Regular swaps | 0% to 0.5%, depending on pair volatility. Stable pairs may have no fee. |
| Gasless swaps | Regular fee, increased by the value of the SOL Jupiter pays for gas, at most 10% of the trade (see below). No extra fee. |

See [Jupiter Spot Fees](/user-docs/trade/spot/fees) for the full Ultra schedule.

## Gasless swaps

Gasless execution activates only when you don't have enough SOL to cover gas costs. There is no fee for the feature itself: Jupiter pays the network fees and increases the swap fee by the equivalent value, so you receive slightly fewer output tokens. Because that amount is fixed per transaction, it weighs less on larger swaps. Gasless is only offered when the recovered gas stays within 10% of the trade, which sets a minimum trade size (about \$10, adjusted with network conditions). See [Gasless swaps](/user-docs/manage/extension-wallet/swap-and-trade#gasless-swaps).

## Limit and recurring orders

Limit and recurring orders placed from the wallet use the same order infrastructure as jup.ag. See the [Spot fee schedule](/user-docs/trade/spot/fees) for the current limit order and DCA fees.

## Auto-Earn

Auto-Earn deposits go into [Jupiter Earn](/user-docs/earn/lend/earn) and follow Jupiter Lend's fee model: a 10% reserve factor is applied to borrower interest, so lenders receive 90% of the interest paid. See [Jupiter Lend fees](/user-docs/earn/lend/earn#fees).

## Receiving from other networks

Cross-chain deposits through [Universal Deposit](/user-docs/onramp/deposit/universal-deposit) show the minimum amount and a maximum slippage of 0.5% per network before you deposit.

<Warning>
  Fees shown here reflect the current structure and may change. Always review the quoted fee before confirming a swap.
</Warning>


# Getting Started with Jupiter Wallet
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/getting-started

Install Jupiter Wallet, create or import a wallet (including from another Solana wallet), add a Ledger, Keystone or Trezor, and sync with Jupiter Mobile.

## Installation

Install Jupiter Wallet from the [official Chrome Web Store listing](https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh). It works on Chrome, Brave, Arc, Edge, and Opera; see [Supported browsers](/user-docs/manage/extension-wallet#supported-browsers).

<Steps>
  <Step title="Go to the official listing">
    Install only from the [Chrome Web Store](https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh).
  </Step>

  <Step title="Check the publisher">
    Confirm it is published by **[extension@jup.ag](mailto:extension@jup.ag)**.
  </Step>
</Steps>

<Warning>
  Any other links, installers, or download packages claiming to be Jupiter Wallet are not official and should be avoided.
</Warning>

***

## Creating a wallet

When you open the extension for the first time, the Welcome screen offers **Create a new wallet**, **Import an existing wallet**, and a **Sync wallets** link for Jupiter Mobile users. Select **Create a new wallet**. During setup you also choose a **password** that unlocks the extension on this device; it protects access to the extension but does not replace your seed phrase or private key. Two methods are available:

<Tabs>
  <Tab title="Seed Phrase">
    Select **New Seed Phrase**, marked **Recommended** (portable across any wallet, fastest execution). Read the **Before You Begin** warnings, then select **Reveal Seed Phrase**. The extension generates a 24-word recovery phrase. Write it down and store it offline in a safe location.

    <Warning>
      Anyone with access to your seed phrase has full control of your wallet. Never share it, screenshot it, or store it digitally.
    </Warning>
  </Tab>

  <Tab title="Jupiter ID">
    Select **Jupiter ID** (Email or Social Sign-In), then **Continue with Email**, **Google**, **Apple**, **X**, or **Discord**. It is the same [Jupiter ID](/user-docs/manage/connect-wallet#connecting-with-jupiter-id) used on jup.ag and Jupiter Mobile, the wallet has no seed phrase, and the extension holds **one Jupiter ID account** at most. Powered by **Privy** (a third-party authentication and key management provider).

    <Note>
      On jup.ag, X and Discord are listed as legacy login methods that only work for accounts created with them; see [Legacy login methods](/user-docs/manage/connect-wallet#legacy-login-methods).
    </Note>

    <Warning>
      If you lose access to the email or social account behind your Jupiter ID, there is no way to recover the wallet. Export and back up its private key; see [Exporting keys](/user-docs/manage/extension-wallet/security#exporting-keys).
    </Warning>
  </Tab>
</Tabs>

<Accordion title="Already set up? Adding another wallet">
  1. Click your wallet name (top left).
  2. Select **Add New Wallet** → **Create New Wallet**.
  3. Choose **New Seed Phrase**, **Existing Seed Phrase** (to derive from a phrase already in the extension), or **Jupiter ID**.

  There is no limit on the number of wallets you can add to the extension. Jupiter ID is the exception: one Jupiter ID account per extension.
</Accordion>

***

## Importing a wallet

You can import an existing Solana wallet. From the wallet list: **Add New Wallet** → **Import Existing Wallet**. The same screen lists **Seed Phrase**, **Private Key**, **Jupiter ID**, **Hardware Wallet**, and **Watch Address**.

<AccordionGroup>
  <Accordion title="Using a seed phrase">
    Enter your 12 or 24-word seed phrase. Expand **Use a custom derivation path** if your accounts were created on a non-default path (for example `m/44'/501'/0'/0'`). Your wallet and assets will appear after confirmation.
  </Accordion>

  <Accordion title="Using a private key">
    Paste your private key (hex, base58, or base64 encoding) to import the wallet directly.
  </Accordion>

  <Accordion title="Using Jupiter ID">
    Sign in with the email, Google, Apple, X, or Discord account of a wallet previously created with Jupiter ID (formerly Social Login).
  </Accordion>
</AccordionGroup>

<Note>
  If this is your first time opening the extension, the Welcome screen offers the same import options.
</Note>

***

## Moving from another wallet

You can use Jupiter Wallet with a wallet you created elsewhere (Phantom, Solflare, Backpack, or any other Solana wallet). Your funds stay on the same Solana address; there is nothing to transfer.

<Steps>
  <Step title="Export from your current wallet">
    In your current wallet's settings, export the **seed phrase** (recovery phrase) or the **private key** of the account you want to use.
  </Step>

  <Step title="Import into Jupiter Wallet">
    In Jupiter Wallet, open the wallet list → **Add New Wallet** → **Import Existing Wallet**, then paste the seed phrase or private key as described in [Importing a wallet](#importing-a-wallet).
  </Step>

  <Step title="Check your balances">
    Your tokens, NFTs, and DeFi positions appear once the import is confirmed. You can keep the other wallet installed or remove it.
  </Step>
</Steps>

<Tip>
  If a dApp only lists Phantom in its connection options, enable [Connect as Phantom](/user-docs/manage/extension-wallet/settings#connect-as-phantom) in Jupiter Wallet's settings.
</Tip>

***

## Hardware wallets

From the wallet list: **Add New Wallet** → **Import Existing Wallet** → **Hardware Wallet**, then choose your device. Expand **Use a custom derivation path** if your accounts were created on a non-default path.

<AccordionGroup>
  <Accordion title="Ledger">
    Connect and unlock your device, approve browser permissions, then open the **Solana app** on the Ledger.

    Ledger supports swaps, Limit Orders v2, and Prediction claiming through the extension. Tested on Nano X and Nano S Plus. For Limit and DCA orders, the vault access sign-in is a message signature when the Ledger runs Solana app 1.16.0 or later; older versions sign a transaction instead.

    Ledger also signs **off-chain messages** — sign-in requests and other message signatures asked by dApps — using Anza's off-chain message standard, so message-based flows work with a hardware wallet instead of failing or falling back to a transaction.

    <Note>
      The Ledger Nano S has been discontinued by Ledger and may not be fully functional with all features.
    </Note>
  </Accordion>

  <Accordion title="Keystone">
    Connect and unlock your device, approve the connection request, then approve browser permissions.
  </Accordion>

  <Accordion title="Trezor">
    Connect and unlock your device, approve browser permissions, and follow any additional prompts.
  </Accordion>
</AccordionGroup>

***

## Watch address

Add any Solana address, or a **.sol** or **.skr** domain, as a **watch-only** wallet to view its balances and activity. This is read-only: no signing, no sending.

From the wallet list: **Add New Wallet** → **Import Existing Wallet** → **Watch Address**.

***

## Jupiter Sync (Mobile and Extension)

**Jupiter Sync** lets you use the same wallet in Jupiter Wallet on desktop and in the Jupiter Mobile app, without re-entering a seed phrase.

<Steps>
  <Step title="Open the sync flow">
    Click your wallet name (top left) → **Add New Wallet**. The onboarding screen opens; select **Using Jupiter Mobile? Sync wallets**. On a fresh install, the same link is on the Welcome screen. The **three-dot menu** (top right) also has a **Jupiter Sync** shortcut that opens the same flow.
  </Step>

  <Step title="Scan the QR code">
    A QR code appears. Open the **Jupiter Mobile app** → **Settings** → **Jupiter Sync** and scan it.
  </Step>
</Steps>

The mobile side of the flow, including syncing from desktop to mobile, is described in [Managing Wallets on Jupiter Mobile](/user-docs/global/mobile/managing-wallets).

<CardGroup>
  <Card title="App Store" href="https://apps.apple.com/us/app/jupiter-mobile-solana-wallet/id6484069059" />

  <Card title="Google Play" href="https://play.google.com/store/apps/details?id=ag.jup.jupiter.android" />
</CardGroup>

<Note>
  Having issues with setup or import? See the [Jupiter Wallet FAQ](/user-docs/manage/extension-wallet/faq#setup-and-import).
</Note>


# What is Jupiter Wallet?
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/index

Jupiter Wallet is a self-custodial browser extension wallet for Solana, on Chromium browsers: Ultra swaps, Auto-Earn, Ticker Widget, multi-chain receive.

Jupiter Wallet is a **browser extension wallet for Solana**, built by Jupiter. It runs in Chromium-based browsers (Chrome, Brave, Arc, Edge, Opera), installs from the Chrome Web Store, and lets you hold Solana assets, swap tokens, and connect to dApps from your browser toolbar or side panel. It is also called the Jupiter Extension Wallet. It is the desktop counterpart of [Jupiter Mobile](/user-docs/global/mobile): the same wallet can be used on both through [Jupiter Sync](/user-docs/manage/extension-wallet/getting-started#jupiter-sync-mobile-and-extension). The product page is [jup.ag/wallet](https://jup.ag/wallet).

It is fully **self-custodial**: only you control your keys and funds. Private keys and recovery data are stored locally on your device, and Jupiter never has access to them.

| Detail | Value |
| - | - |
| **Type** | Browser extension wallet (Chromium-based browsers) |
| **Network** | Solana |
| **Custody** | Self-custodial; keys stored on your device |
| **Install from** | [Chrome Web Store](https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh), publisher **[extension@jup.ag](mailto:extension@jup.ag)** |
| **Swaps** | Routed through [Jupiter Ultra](/user-docs/trade/spot/ultra-mode) |
| **Hardware wallets** | Ledger, Keystone, Trezor |
| **Mobile counterpart** | [Jupiter Mobile](/user-docs/global/mobile), linked with Jupiter Sync |

***

## Supported browsers

Jupiter Wallet is available for **Chrome, Brave, Arc, Edge, and Opera**. All of them are Chromium-based and install the extension from the same Chrome Web Store listing.

<CardGroup>
  <Card title="Chrome" href="https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh" />

  <Card title="Brave" href="https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh" />

  <Card title="Arc" href="https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh" />

  <Card title="Edge" href="https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh" />

  <Card title="Opera" href="https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh" />
</CardGroup>

<Note>
  Edge and Opera users may need to allow extensions from the Chrome Web Store in their browser settings. Firefox is not supported at this time.
</Note>

***

## Key features

<CardGroup>
  <Card title="Swap tokens" icon="arrow-right-arrow-left" href="/user-docs/manage/extension-wallet/swap-and-trade">
    Swaps route through Jupiter Ultra, with built-in MEV protection and gasless execution when you hold no SOL.
  </Card>

  <Card title="Limit and recurring orders" icon="clock" href="/user-docs/manage/extension-wallet/swap-and-trade#limit-and-recurring-orders">
    Place limit orders by price or market cap, and recurring orders on a schedule, from the swap panel.
  </Card>

  <Card title="Send and receive" icon="paper-plane" href="/user-docs/manage/extension-wallet/sending-and-receiving">
    Any Solana token, to an address, a .sol or .skr domain, or a saved contact.
  </Card>

  <Card title="Receive from other networks" icon="arrow-down-left" href="/user-docs/manage/extension-wallet/sending-and-receiving#receiving-from-other-networks">
    Deposit addresses for Ethereum, Base, Arbitrum, Sui, BNB Chain and Robinhood Chain; cross-chain deposits arrive as USDC on Solana.
  </Card>

  <Card title="Portfolio and PnL" icon="chart-line" href="/user-docs/manage/extension-wallet/portfolio">
    Holdings, token pages, realized and unrealized PnL, NFTs, DeFi positions across 160+ protocols, transaction history.
  </Card>

  <Card title="Ticker Widget" icon="chart-bar" href="/user-docs/manage/extension-wallet/ticker-widget">
    Detects token and stock tickers on X, Google, CoinMarketCap, Yahoo Finance, ChatGPT, Claude, and Gemini, and shows price, chart, and a swap button.
  </Card>

  <Card title="Auto-Earn" icon="piggy-bank" href="/user-docs/manage/extension-wallet/auto-earn">
    Automatically deposits the stablecoins you enable (USDC, USDT, JupUSD, and more) into Jupiter Earn to generate yield.
  </Card>

  <Card title="Transaction Protection" icon="shield-halved" href="/user-docs/manage/extension-wallet/security#transaction-protection">
    Detects and filters hidden transfers injected by malicious browser extensions, on any website.
  </Card>

  <Card title="Connect to dApps" icon="plug" href="/user-docs/manage/extension-wallet/settings#dapp-connections">
    One-click connection to Solana dApps, with Auto-Approve on Jupiter and Meteora and a Connect as Phantom option.
  </Card>

  <Card title="Hardware wallets" icon="shield" href="/user-docs/manage/extension-wallet/getting-started#hardware-wallets">
    Ledger, Keystone, and Trezor support.
  </Card>

  <Card title="Jupiter ID" icon="envelope" href="/user-docs/manage/extension-wallet/getting-started#creating-a-wallet">
    Create a wallet with an email or social account (Google, Apple, X, Discord), the same Jupiter ID as on jup.ag and Jupiter Mobile.
  </Card>

  <Card title="Sync with mobile" icon="mobile" href="/user-docs/manage/extension-wallet/getting-started#jupiter-sync-mobile-and-extension">
    Use the same wallet on desktop and in Jupiter Mobile with Jupiter Sync.
  </Card>

  <Card title="Reclaim rent" icon="recycle" href="/user-docs/manage/extension-wallet/portfolio#reclaiming-rent">
    Close empty token accounts and recover the SOL locked as rent.
  </Card>

  <Card title="Buy with fiat" icon="credit-card" href="/user-docs/manage/extension-wallet/sending-and-receiving#buying-with-fiat">
    The Buy action opens Jupiter Deposit to buy SOL or USDC with a card or other payment methods.
  </Card>

  <Card title="Watch any address" icon="eye" href="/user-docs/manage/extension-wallet/getting-started#watch-address">
    Follow the balances and activity of any Solana address or .sol domain, read-only.
  </Card>
</CardGroup>

***

## Fees

There are no fees for sending or receiving tokens. Swaps route through Jupiter Ultra and carry a trading fee of 0% to 0.5% depending on the pair; gasless swaps carry no extra fee, Jupiter only recovers the gas it pays for you from the swap output. See [Jupiter Wallet Fees](/user-docs/manage/extension-wallet/fees) for the full schedule.

***

## Verifying the official extension

Install only from the [Chrome Web Store](https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh) and confirm the publisher is **[extension@jup.ag](mailto:extension@jup.ag)**. Any other link, installer, or download package claiming to be Jupiter Wallet is not official. See [Installation](/user-docs/manage/extension-wallet/getting-started#installation).

***

## Open source status

Jupiter Wallet is not open-source at this time. The team is working toward making the code publicly available.

<Note>
  Have questions? Check the [Jupiter Wallet FAQ](/user-docs/manage/extension-wallet/faq) for answers about browsers, security, fees, features, and troubleshooting.
</Note>


# Portfolio and Holdings in Jupiter Wallet
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/portfolio

Track holdings in Jupiter Wallet: token pages, realized and unrealized PnL, NFTs, DeFi positions across 160+ protocols, transaction history, and rent reclaim.

## Holdings

Your portfolio updates automatically based on tokens you hold, whether from swaps (in the extension or on [jup.ag](https://jup.ag/)) or received from another wallet. Assets cannot be added manually. The **Tokens** tab lists each token with its price, 24-hour change, your amount, and its USD value.

For a cross-wallet view with wallet groups and historical charts, see [Jupiter Portfolio](/user-docs/manage/portfolio) on the web.

### Token pages

Click any token in your list to open its detail page: a price chart (1H to 1Y), market stats (market cap, FDV, liquidity, volume, traders, holders), your balance with average entry and realized/unrealized PnL, and your trade history for that token. **View on Jupiter** opens the full [token page](/user-docs/trade/spot/token-page) on jup.ag.

***

## PnL

Your **Profit and Loss (PnL)** for today is shown under your total balance (**Today's PnL**). Click it to open a detailed view.

<CardGroup>
  <Card title="Realized PnL" icon="circle-check">
    Gains or losses from completed trades.
  </Card>

  <Card title="Unrealized PnL" icon="clock">
    Paper gains or losses on current holdings, including received tokens.
  </Card>
</CardGroup>

The detail view includes a breakdown by asset, with a selectable timeframe (1d, all-time).

<Accordion title="What is included in PnL?">
  PnL tracks trading activity only. It does not include lending yields, staking rewards, LP fees, or other DeFi income, unless the token itself is yield-bearing (e.g. a liquid staking token whose price reflects accrued yield).
</Accordion>

***

## Token verification

Tokens may display a green checkmark, meaning they have been **verified through Jupiter's VRFD program**. VRFD is managed by a dedicated team, and projects can [submit their token for verification](https://verified.jup.ag/tokens).

<Accordion title="What does verification mean?">
  Verification confirms the correct token address and helps users avoid impersonators or duplicate tokens. It is not an endorsement of the token's value, safety, or legitimacy.

  See the [VRFD documentation](/user-docs/launch/vrfd) for more details.
</Accordion>

***

## NFTs

Your NFTs are visible under the **NFTs** tab. Open an NFT to view its details or send it to another wallet. The wallet filters out most spam and scam NFTs automatically.

<Note>
  Some compressed NFTs may not display correctly. Spam detection is continuously being improved.
</Note>

***

## DeFi positions

The **DeFi** tab shows your positions across 160+ Solana protocols, including lending, LPing, staking, and other activity. Staked or locked JUP (for example, JUP staked for DAO voting) appears here as a DeFi position rather than as a liquid token in your main balance.

***

## Transaction history

The **Activity** tab lists all recent transactions: swaps, sends, receives, and DeFi interactions (e.g. borrowing on Jupiter Lend, LPing on Meteora).

***

## Reclaiming rent

Every token account on Solana requires a small SOL deposit (\~0.002 SOL) called **rent**, locked when the account is first created.

Reclaim returns that SOL in two ways:

* **Empty accounts** — once you no longer hold a token, its account can be closed and the whole deposit comes back.
* **Excess rent** — Solana has lowered the required deposit over time, so accounts created earlier hold more SOL than is now needed. Reclaim recovers the excess from accounts of tokens you still hold, without closing them or touching your balance.

<Steps>
  <Step title="Open the reclaim section">
    Click the ♺ icon next to your holdings total. Its badge shows how many token accounts have SOL to recover.
  </Step>

  <Step title="Select and confirm">
    Choose the token accounts to reclaim from and approve the transaction. Large selections are split into several transactions.
  </Step>
</Steps>

<Accordion title="Is it safe to close a token account?">
  Yes. If you buy or receive that token again, a new account is created automatically. No funds are at risk.
</Accordion>

<Note>
  Questions about balances or PnL? See the [Jupiter Wallet FAQ](/user-docs/manage/extension-wallet/faq#features).
</Note>


# Jupiter Wallet Security
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/security

Jupiter Wallet security: self-custody, password and locking, biometric unlock, key export, and Transaction Protection against malicious browser extensions.

## Self-custody

Jupiter Wallet is fully self-custodial (only you control your keys and funds). Your private keys and recovery data are stored only on your device. Jupiter never stores, accesses, or transmits your keys.

You are solely responsible for securing your recovery phrase, private keys, and Jupiter ID login credentials.

***

## Password

<Tabs>
  <Tab title="Change password">
    Open the wallet → **three-dot menu** (top right) → **Settings** → **Security** → **Change Password**.

    Enter your current password, set a new one, and confirm.
  </Tab>

  <Tab title="Forgot password">
    On the login screen, select **Forgot Password**. This resets the extension and starts a fresh session.

    You will need to re-import your wallets using your recovery phrase, private key, or Jupiter ID.

    <Warning>
      Resetting the extension does not delete your wallets on-chain. Your funds remain safe as long as you have your recovery phrase or private key. Without either, you will permanently lose access.
    </Warning>
  </Tab>
</Tabs>

***

## Locking the wallet

The extension stays active while your browser is open. There is no logout function. Instead, you can **lock** the wallet to secure your session.

<CardGroup>
  <Card title="Manual lock" icon="lock">
    **Three-dot menu** (top right) → **Lock Wallet**. Password required to unlock.
  </Card>

  <Card title="Auto-lock" icon="timer">
    **Three-dot menu** → **Settings** → **Security** → **Auto Lock Time**. Choose how long the wallet stays unlocked: 1 minute, 10 minutes, 1 hour, 8 hours, 1 day, 1 week, or **Never**.
  </Card>
</CardGroup>

***

## Biometric unlock

**Settings** → **Security** → **Biometric Unlock** lets you unlock the wallet with your device's biometrics instead of typing your password. Disabled by default.

***

## Exporting keys

From the wallet list, open the **three-dot menu** next to any wallet → **Export Key/Seed**.

| Wallet type | Exported data |
| - | - |
| Created in Jupiter Wallet | Private key + seed phrase |
| Imported wallet | Private key only |
| Jupiter ID (formerly Social Login) | No in-extension export — see [below](#exporting-a-jupiter-id-wallet-private-key) |

<Warning>
  Your private key and seed phrase give full control over your wallet. Never share them. Store them offline in a secure location.
</Warning>

### Exporting a Jupiter ID wallet private key

Jupiter ID wallets (formerly Social Login) have no seed phrase and no export option inside the extension. Instead, export the private key through the Jupiter website:

<Steps>
  <Step title="Open jup.ag">
    Visit [jup.ag](https://jup.ag) and open the wallet connect menu.
  </Step>

  <Step title="Connect via Jupiter ID">
    Select **View More Wallets** → **Jupiter ID** (Email or Social Login), and sign in with the same method you used to create the wallet.
  </Step>

  <Step title="Export the private key">
    Once connected, click your wallet address in the top right to open the mini-portfolio, then click the **key icon** (between Send and Disconnect, shown for Jupiter ID logins) to retrieve your private key.
  </Step>
</Steps>

This is the same flow as [Quick Accounts on Jupiter Mobile](/user-docs/global/mobile/managing-wallets#exporting-your-quick-account-private-key).

<Danger>
  If you lose access to your Jupiter ID login method (email or social account), you also lose the only way to retrieve this wallet's private key. Jupiter cannot recover it for you.
</Danger>

***

## Transaction Protection

Jupiter Wallet includes built-in protection against malicious browser extensions that inject hidden fees or transfers into transactions.

When a transaction includes a transfer to a known malicious address, the wallet automatically detects and filters it out before the transaction is submitted. This protection works on all websites, not only jup.ag.

<Note>
  If you intentionally initiate a transfer to one of these addresses from within the wallet (e.g. via Send), the transaction is not filtered.
</Note>

***

## Verifying the official extension

Install Jupiter Wallet only from the [Chrome Web Store](https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh), published by **[extension@jup.ag](mailto:extension@jup.ag)**. See [Installation](/user-docs/manage/extension-wallet/getting-started#installation).

<Note>
  Security questions? See the [Jupiter Wallet FAQ](/user-docs/manage/extension-wallet/faq#security).
</Note>


# Sending and Receiving with Jupiter Wallet
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/sending-and-receiving

Send tokens from Jupiter Wallet to an address, domain or contact, and receive on Solana or from six other networks via Universal Deposit.

## Sending tokens

Select **Send**, choose the token and amount, then enter the recipient: a Solana address, a domain (**.sol**, **.skr**), or a saved contact from your [Address Book](#address-book). Confirm to send.

There are no Jupiter fees on sends; standard Solana network fees apply.

<Warning>
  Always double-check the recipient address. Transactions on Solana are irreversible.
</Warning>

***

## Address Book

Save frequently used addresses under **Settings** → **Security** → **Address Book**. Saved contacts can be selected directly in the Send flow instead of pasting an address.

***

## Receiving tokens

Select **Receive** to display your Solana wallet address and its QR code. Share either one with the sender; any Solana token sent to this address appears in your [holdings](/user-docs/manage/extension-wallet/portfolio).

***

## Receiving from other networks

The Receive view has a **network selector**. Besides Solana, you can pick **Ethereum, Base, Arbitrum, Sui, BNB Chain, or Robinhood Chain**. Select the network first, then the token you are sending from the list of tokens that network accepts: the wallet shows a deposit address and QR code for that network. The token choice is per network and resets to the default token when you switch network. Funds sent to a non-Solana network address arrive in your wallet **on Solana as USDC**, whichever accepted token you sent.

Cross-chain deposits are powered by [Universal Deposit](/user-docs/onramp/deposit/universal-deposit). The minimum amount, maximum slippage, and estimated processing time are shown per network before you deposit; deposits below the displayed minimum accumulate until the minimum is reached.

<Warning>
  Send only on the network the address was displayed for, and only tokens supported for that network. Sending on a different network, or an unsupported token, can result in loss of funds.
</Warning>

***

## Buying with fiat

To fund the wallet from a bank card or other fiat method, the **Buy** action opens Jupiter's [Deposit page](/user-docs/onramp/deposit) at [jup.ag/deposit](https://jup.ag/deposit).

<Note>
  Having issues with a transfer? See the [Jupiter Wallet FAQ](/user-docs/manage/extension-wallet/faq#features).
</Note>


# Jupiter Wallet Settings
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/settings

Jupiter Wallet settings: dApp connections, Connect as Phantom, Auto-Approve, side panel and display preferences, wallet management, and extension updates.

## Settings overview

Open **Settings** from the **three-dot menu** (top right). The **Manage Settings** screen has three sections:

| Section | Items |
| - | - |
| **Preferences** | [Auto Earn](/user-docs/manage/extension-wallet/auto-earn), [Auto Approve](#auto-approve), [Block Explorer](#block-explorer), [Connect as Phantom](#connect-as-phantom), [Ticker Widget](/user-docs/manage/extension-wallet/ticker-widget) |
| **Security** | [Biometric Unlock](/user-docs/manage/extension-wallet/security#biometric-unlock), [Change Password](/user-docs/manage/extension-wallet/security#password), [Auto Lock Time](/user-docs/manage/extension-wallet/security#locking-the-wallet), [Connected Apps](#dapp-connections), [Address Book](/user-docs/manage/extension-wallet/sending-and-receiving#address-book) |
| **Support** | **Feedback** (send feedback to the team from the extension), [What's New](#updates) |

Display options (side panel, expanded view, Jupiter Sync, lock) live in the three-dot menu itself, not in Settings.

***

## dApp connections

<CardGroup>
  <Card title="Connect" icon="plug">
    Visit any Solana dApp, select **Jupiter Wallet** from the wallet list, review the request, and approve.
  </Card>

  <Card title="Revoke" icon="plug-circle-xmark">
    **Three-dot menu** → **Settings** → **Security** → **Connected Apps** (the number of connected sites is shown). Review active connections and revoke any you no longer use.
  </Card>
</CardGroup>

The extension also supports **off-chain message signing** (e.g. sign-in requests) from connected dApps, including with a **Ledger**: messages follow Anza's off-chain message standard, which hardware wallets can display and sign.

When the extension updates while a site is connected to your wallet, the site shows a prompt asking you to reload the page. Reload to restore the connection; otherwise the site may treat the wallet as disconnected until you do.

***

## Connect as Phantom

Some dApps only list Phantom in their wallet options. **Settings** → **Preferences** → **Connect as Phantom** makes Jupiter Wallet present itself as Phantom so you can connect on those dApps with your Jupiter Wallet accounts. Disabled by default.

***

## Auto-Approve

The extension supports auto-approve for transactions on [Jupiter](https://jup.ag/) and [Meteora](https://meteora.ag/).

**Three-dot menu** → **Settings** → **Preferences** → **Auto Approve**, then toggle per dApp.

<Accordion title="What does auto-approve do?">
  When enabled, transactions on the selected dApps are signed automatically without a manual confirmation prompt. This speeds up the experience but removes the opportunity to review each transaction before submission. Only enable this if you understand the tradeoff.
</Accordion>

***

## Display and preferences

### Side panel and expanded view

**Three-dot menu** → **Side Panel Mode** docks the wallet in the browser side panel (switch back with **Popup Mode**). **Expand View** opens the wallet in a full tab.

### Block explorer

**Settings** → **Preferences** → **Block Explorer** sets which explorer opens for transaction and address links.

### Gas fee display

Gas fees are shown in both USD and SOL throughout the wallet interface (swaps, sends, and other transactions).

### Hide balances

Click the **eye icon** next to **Today's PnL**, under your balance, to hide or reveal amounts. The **refresh icon** next to it reloads your balances.

### What's New

**Settings** → **Support** → **What's New** shows what changed in each release of the extension; the current version is shown next to it. A summary of the release also appears the first time you open the wallet after an update.

***

## Managing wallets in the list

### Wallet list balances

The wallet list (click your wallet name, top left) shows each wallet's balance. There is no limit on the number of wallets in the list; balances for the first five wallets are refreshed daily. Jupiter ID wallets are the exception to the no-limit rule: one Jupiter ID account per extension.

### Rename a wallet

From the wallet list, open the **three-dot menu** next to the wallet → **Rename Wallet**. Enter the new name and save.

### Remove a wallet

From the wallet list, open the **three-dot menu** next to the wallet → **Delete Wallet**.

<Warning>
  Removing a wallet from the extension does not affect your funds on-chain. Make sure you have your recovery phrase or private key backed up before removing it.
</Warning>

***

## Updates

The extension updates automatically when a new version is released. Restarting your browser will usually trigger the update.

To check manually, go to `chrome://extensions/`, enable **Developer mode** (top right), and click **Update**.

<Note>
  Questions about a setting? See the [Jupiter Wallet FAQ](/user-docs/manage/extension-wallet/faq).
</Note>


# Swap and Trade in Jupiter Wallet
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/swap-and-trade

Swap in Jupiter Wallet through Jupiter Ultra with MEV protection and gasless execution, place limit and recurring orders, and enable Auto-Approve.

## Swapping tokens

Open the wallet and select **Swap**. In the **Market** tab, choose the token you are **Selling** and the one you are **Buying**, and enter the amount (**Half** and **Max** fill it from your balance). The rate line below can be expanded for details. Select **Swap** to execute.

<Note>
  Transactions execute immediately on confirmation — there is no separate review page.
</Note>

***

## Jupiter Ultra routing and MEV protection

Swaps in Jupiter Wallet are powered by [Jupiter Ultra](/user-docs/trade/spot/ultra-mode), the same execution engine as jup.ag. Ultra routes each swap across Solana liquidity for the best available price, and its transaction landing engine provides faster confirmations with built-in **MEV protection**: private, MEV-resistant execution (MEV, Maximal Extractable Value, covers sandwich attacks and similar manipulation of pending transactions). Ultra also handles gasless execution when you hold no SOL (see below).

The trading fee depends on the pair, from 0% to 0.5%. See [Jupiter Wallet Fees](/user-docs/manage/extension-wallet/fees).

***

<Note>
  Swaps and sends made from the wallet can use Solana's **v1 transaction format**, the larger format live on mainnet since September 2026. Nothing changes on your side: the wallet picks the format the transaction needs, and earlier formats keep working.
</Note>

## Gasless swaps

Gasless execution activates only when you don't have enough SOL to cover gas costs (signature fees, priority fees, rent). It is not a default mode.

There is no extra fee for gasless. Jupiter pays the network fees on your behalf and increases the swap fee by the equivalent value, so you receive slightly fewer output tokens. Because that amount is fixed per transaction (not proportional to trade size), it weighs less on larger swaps, and gasless is only offered when it stays within 10% of the trade. In practice, gasless kicks in when you hold less than 0.01 SOL, the trade is at least about \$10 (adjusted with network conditions), and the token you sell is [verified](/user-docs/launch/vrfd).

<Tip>
  Gasless is primarily useful when starting out: for example, receiving USDC into a new wallet and swapping without needing to acquire SOL first. When possible, holding a small SOL balance for gas will result in lower fees than relying on gasless execution.
</Tip>

***

## Limit and recurring orders

The swap panel has three tabs: **Market** (instant swap), **Limit**, and **Recurring**.

* **Limit** — place an order that executes when the token reaches your target. Choose the amount to **Allocate** and the token **To Buy**, then set the trigger as a **Price** or a market cap (**MCap** toggle), either by typing a value or with the percentage presets relative to the current market price (for example -10% or -20%, or a custom percentage). **Expiry** offers 10 minutes, 1 hour, 1 day, 3 days, 7 days (the default), or 30 days. The **Order type** selector offers the same [order types](/user-docs/trade/spot/limit-orders#order-types) as the web app: **Limit**, **One Cancels Other (OCO)**, **Limit Buy + OCO (OTOCO)**, and **Trailing Stop Loss**.
* **Recurring** — split the amount you are **Spending** into several orders executed on a schedule. In **Schedule**, set the number of orders and the period they run over (minutes, hours, days, weeks, or months); the **Receiving** field shows the estimated amount per order. Select **Start Recurring**. See [Recurring orders](/user-docs/trade/spot/recurring-orders).

### Managing your orders

The **clock icon** (top right of the swap panel) opens **Your Orders**, with a tab each for **Limit** and **Recurring**. Each order shows its status, fill progress, trigger, and expiry, and can be cancelled from there.

Opening an order shows its full details (order type, trigger, slippage, fill, creation and expiry dates, order ID). **Edit** lets you change a pending limit order's trigger price and slippage in place, without cancelling and recreating it.

***

## Auto-Approve

For one-click trading on [Jupiter](https://jup.ag/) and [Meteora](https://meteora.ag/), Jupiter Wallet can sign transactions on those dApps without a confirmation prompt. It is off by default and toggled per dApp under **Settings** → **Preferences** → **Auto Approve**. See [Auto-Approve in Settings](/user-docs/manage/extension-wallet/settings#auto-approve) for the trade-offs.

<Note>
  Having issues with a swap or an order? See the [Jupiter Wallet FAQ](/user-docs/manage/extension-wallet/faq#features).
</Note>


# Jupiter Wallet Ticker Widget
Source: https://docs.jup.ag/user-docs/manage/extension-wallet/ticker-widget

Jupiter Wallet's Ticker Widget shows price, chart and a swap button for tickers spotted on X, Google, CoinMarketCap, Yahoo Finance, ChatGPT, Claude and Gemini.

## Overview

The Ticker Widget is a feature of the Jupiter Wallet browser extension. It detects token and stock tickers (e.g. $SOL, $BTC) and token contract addresses on websites you visit, and displays an interactive popover with price, chart, and a swap button that opens the extension.

| Detail | Value |
| - | - |
| **Detects** | Tickers such as $SOL or $BTC, and Solana token contract addresses |
| **Supported sites** | X (Twitter), Google (including AI Overview and AI Mode answers), CoinMarketCap, Yahoo Finance, ChatGPT, Claude, Gemini |
| **Popover shows** | Price, chart, and a swap button for the top 3 matching tokens |
| **Default filter** | Verified tokens only |
| **Toggle** | **Settings** → **Preferences** → **Ticker Widget** |

***

## Supported sites

The widget is active on **X (Twitter)**, **Google** (including AI Overview and AI Mode answers), **CoinMarketCap**, **Yahoo Finance**, **ChatGPT**, **Claude**, and **Gemini**.

***

## Popover

When a ticker is detected, the popover shows the **top 3 tokens** matching the ticker, with a direct swap button for each that opens the extension.

***

## Settings

The Ticker Widget can be toggled on or off under **Settings** → **Preferences** → **Ticker Widget**. By default, only [verified tokens](/user-docs/launch/vrfd) are shown. You can change this to display all tokens.

<Warning>
  Some tickers may match tokens that do not exist on Solana or that are unverified. Always verify the token's contract address before swapping, especially when the "all tokens" filter is enabled.
</Warning>

<Note>
  Questions about the widget? See the [Jupiter Wallet FAQ](/user-docs/manage/extension-wallet/faq#features).
</Note>


# Activity and Export
Source: https://docs.jup.ag/user-docs/manage/portfolio/activity

The Activity tab of Jupiter Portfolio: the transaction history, the Hide failed and Hide spam filters, and how to export the full history as a CSV file.

The Activity tab shows the full transaction history of the wallet, grouped by day with the number of activities per day. Each transaction lists the time, the app that processed it (for example Jupiter Ultra Swap, Jupiter Perps), the amounts received and sent, a Signer tag when the wallet signed the transaction, and a link to the transaction.

## Filters

* **Hide failed** shows or hides failed transactions.
* **Hide spam** filters out spam transactions. It is on by default.

A counter next to the toggles shows how many transactions are currently hidden, or "No hidden transactions".

The list loads in pages: **Load More** at the bottom adds the next 10 transactions until the history is fully loaded, at which point the button disappears.

## Export the history as a CSV file

**Export**, at the top of the Activity tab on desktop, downloads a CSV file of the transactions currently displayed. It respects the Hide failed and Hide spam toggles and only includes the pages you have loaded so far. To export a complete history:

<Steps>
  <Step title="Choose what to include">
    Turn **Hide failed** and **Hide spam** off if you want failed and spam transactions in the file.
  </Step>

  <Step title="Load the whole history">
    Click **Load More** until the button no longer appears. The button is disabled while a page is loading.
  </Step>

  <Step title="Export">
    Click **Export**. The browser downloads a file named `<timestamp>-activities.csv`.
  </Step>
</Steps>

The CSV has one line per token balance change, so a transaction that moved several tokens appears on several lines. Columns: `signature`, `owner`, `isSigner`, `blockTime` (ISO 8601, UTC), `platformId`, `serviceName`, `fees`, `success`, `ticker`, `address` (token mint), `preBalance`, `postBalance`, `balanceChange`.

<Note>
  When viewing a wallet group, the export covers the transactions displayed for the group. The Export button is not available on small screens.
</Note>


# Wallets, Groups and Address Book
Source: https://docs.jup.ag/user-docs/manage/portfolio/address-book

How to switch wallets in Jupiter Portfolio, bookmark addresses, create groups of up to 15 wallets to view them together, and manage them in the Address Book.

Portfolio can display one wallet, or a group of wallets as a single combined portfolio. The account being viewed is shown at the top of the page, and the Address Book stores the wallets and groups you save.

## Switching wallets

Click the account name at the top of Portfolio to open the Switch wallet or group selector. It contains:

* A search field: paste or type any address or domain name, or pick a saved wallet or group.
* **Address book**, which opens the Address Book page described below.
* Recently viewed: the addresses you opened last, with a Clear action.
* Recently connected: the wallets you connected, with the one currently connected marked Connected.
* Bookmarks: the wallets you saved.
* Jupiter Wallet: if you use the [Jupiter Wallet](/user-docs/manage/extension-wallet) extension, the wallets stored in it, synced automatically in the order set in the extension. Only Jupiter can read the public addresses the extension stores.
* **Create your first group**, or your existing groups once you have some.

Next to the account name, a copy icon copies the full address.

## Bookmarking a wallet

<Steps>
  <Step title="Open the wallet">
    Open the account selector and search for the address or domain name, or pick a recently viewed wallet.
  </Step>

  <Step title="Bookmark it">
    Click **Bookmark** at the top right of the wallet's view. The button then reads **Bookmarked**.
  </Step>

  <Step title="Organise it (optional)">
    Click **Bookmarked** to add the wallet to a group or remove it from the Address Book.
  </Step>
</Steps>

## The Address Book page

The Address Book page, at [jup.ag/portfolio/address-book](https://jup.ag/portfolio/address-book), lists everything you have saved. It has a Groups panel with **New group**, an All wallets list with **Add wallet**, and a Jupiter Wallet section for the extension's wallets. **Import** and **Export** at the top move the whole Address Book between browsers, see below.

<Note>
  Address Book data is stored locally in your browser and is only visible to you. It does not follow you to another browser or device.
</Note>

## Exporting and importing the Address Book

Because the Address Book is stored in your browser, moving it to another browser or device, or keeping a backup, goes through a file.

**Export**, at the top of the Address Book page, downloads a JSON backup of every saved wallet and group, named `bundle-<timestamp>.json`. The button only appears once the Address Book contains something.

**Import** opens a file picker and accepts that JSON backup, and nothing else: there is no CSV import and no pasting of a list of addresses. To add several wallets without a backup file, use **Add wallet** one address at a time, or paste them into a group with **New group**.

<Steps>
  <Step title="Choose the backup file">
    Click **Import** and select a `.json` file exported from the Address Book. A file of another type is refused with "Select a JSON backup file"; a JSON file with the wrong structure with "This backup file isn't valid".
  </Step>

  <Step title="Choose how to add it">
    If your Address Book is empty, the backup is imported as is. Otherwise the Import address book dialog asks how to add it: **Merge with current address book** keeps your wallets and groups and adds the ones from the file, combining group memberships for a wallet present in both; **Replace current address book** discards what you have and loads the file instead.
  </Step>
</Steps>

<Warning>
  Replace cannot be undone: export your current Address Book first if you may need it again.
</Warning>

Entries whose address is not a valid Solana public key are dropped during import. Backups made with an earlier version of the Address Book are converted automatically. A wallet imported without a name is shown by its shortened address.

If you want to build a backup by hand, the file is a JSON object with a `version` string, an `items` array of wallets (`address`, optional `name`, optional `bundleIds`), and a `bundles` array of groups (`id`, optional `name`). Exporting once and editing the file is the easiest way to get the structure right.

## Groups

A group shows the combined portfolio of several wallets: one net worth, one position list, one activity feed. It is the way to follow several wallets you manage at once.

<Steps>
  <Step title="Start a group">
    In the account selector, click **Create your first group**, or use **New group** on the Address Book page, or **Create a group** from a bookmarked wallet's menu. Portfolio can also suggest a group from your recently connected wallets ("View wallets together").
  </Step>

  <Step title="Add wallets">
    Add wallet addresses or domain names. A group holds up to 15 wallets.
  </Step>

  <Step title="Name and customize">
    Name the group and, optionally, give it a custom icon.
  </Step>
</Steps>

To view a group, select it from the account selector or from the Address Book. You can set a group as your default view, so Portfolio opens on it.

### What changes when you view a group

* The Spot tab is disabled and the Spot PnL card asks you to choose a wallet: spot PnL is calculated for one wallet at a time.
* The Claimable positions dialog shows which wallet holds each item.
* The Airdrop tab shows one section per wallet.
* The Activity export covers the transactions displayed for the group.
* Actions stay limited to the connected wallet.


# Airdrop Checker
Source: https://docs.jup.ag/user-docs/manage/portfolio/airdrop-checker

Check your eligibility for Solana airdrops across all your wallets, directly from Jupiter Portfolio.

## What is the Airdrop Checker

The Airdrop Checker is a tab inside Jupiter Portfolio that scans your Solana wallets and shows which airdrops you are eligible for, which you have already claimed, and which you may have missed.

It covers a curated selection of airdrops from major Solana protocols and communities. Smaller or lesser-known airdrops (such as small memecoin distributions) are not included.

<Note>
  The Airdrop Checker does not process claims directly. When you are eligible for an airdrop, you are redirected to the protocol's own claim page to complete the process.
</Note>

### What it does

* Checks airdrop eligibility across multiple wallets at once
* Tracks the status of each airdrop: eligible, claimed, expired, or ineligible
* Shows the estimated dollar value of your airdrops over time
* Lets you share a summary card of your airdrop history

### What it does not do

* It does not guarantee coverage of every airdrop on Solana
* It does not handle the claim transaction itself
* It does not determine why you are or are not eligible for a specific airdrop

## Getting started

<Steps>
  <Step title="Open Jupiter Portfolio">
    Navigate to [jup.ag/portfolio](https://jup.ag/portfolio) and enter your wallet address, a Solana domain name, or connect your wallet.
  </Step>

  <Step title="Switch to the Airdrop tab">
    At the top of the Portfolio interface, click the Airdrop tab.
  </Step>

  <Step title="Check several wallets at once (optional)">
    Open a wallet group from the account selector (see [Groups](/user-docs/manage/portfolio/address-book#groups)), or go to [jup.ag/portfolio/airdrop-checker](https://jup.ag/portfolio/airdrop-checker), enter up to 15 addresses or domain names, and click **Scan my wallets**.

    Each wallet then gets its own section, headed by its truncated address (e.g. `8anx...Jgn2`), its number of airdrops, and their total value.
  </Step>

  <Step title="Browse your airdrops">
    Use the tabs and filters to explore your airdrop eligibility across all added wallets. See [Understanding the dashboard](#understanding-the-dashboard) below.
  </Step>
</Steps>

## Several wallets at once

The Airdrop tab follows the account you are viewing in Portfolio. To check several wallets together, view a [group](/user-docs/manage/portfolio/address-book#groups): the summary aggregates every wallet, and the list below shows one section per wallet. To add or remove a wallet, edit the group in the Address Book, or scan a new set of addresses from [jup.ag/portfolio/airdrop-checker](https://jup.ag/portfolio/airdrop-checker) (up to 15 at a time).

## Understanding the dashboard

### Summary

At the top of the page, a summary displays:

* Total value: the combined dollar value of all airdrops received across your wallets, with a **Share it!** button (see [Sharing your results](#sharing-your-results))
* Value chart: a historical chart of your total airdrop value over time, with filters for 1M (one month), 1Y (one year), and All

The refresh icon reloads the results; wait 30 seconds between refreshes.

### Tabs

Airdrops are organized into four tabs. Each tab shows a per-wallet breakdown with different columns depending on the context.

<Tabs>
  <Tab title="All">
    Shows every airdrop tracked by the tool for each wallet, regardless of timing or status.

    Columns: Date, Airdrop, Asset, Status, Amount, Action

    This is the default view. When the **Only eligible** toggle is off, all airdrops appear, including those where the wallet is ineligible.
  </Tab>

  <Tab title="Upcoming">
    Shows airdrops you have not fully claimed whose claim window has not ended yet, or which have no known end date.

    Columns: End date, Airdrop, Asset, Status, Amount, Action

    Some airdrops display a "-" for the end date when the claim deadline is not yet announced.
  </Tab>

  <Tab title="Past">
    Shows airdrops whose claim window has ended, whether claimed or not.

    Columns: End date, Airdrop, Asset, Status, Amount, Action
  </Tab>

  <Tab title="History">
    Shows only the airdrops you have successfully claimed. This tab is a record of completed claims.

    Columns: Claim date, Airdrop, Asset, Amount, Action

    There is no Status column (all entries are claimed by definition). The Action column shows a **View TX** link to the claim transaction on a block explorer.

    The **Only eligible** toggle is not available on this tab.
  </Tab>
</Tabs>

### The Only eligible toggle

When enabled, the **Only eligible** toggle filters out wallets and airdrops where the status is Ineligible. This makes it easier to focus on actionable airdrops. It is available on the All, Upcoming, and Past tabs.

## Airdrop statuses

Each row carries two indications: the Status column says whether the wallet qualifies, and the Action column says where the claim stands.

Status is either Eligible (the wallet qualifies, whether or not it has claimed yet) or Ineligible (it does not; the row only appears when the **Only eligible** toggle is off).

Action takes one of these forms:

<AccordionGroup>
  <Accordion title="Claim">
    The airdrop is claimable now. The button opens the protocol's own claim page.
  </Accordion>

  <Accordion title="Potentially claimable">
    The protocol has not confirmed the allocation yet, but the wallet may qualify. The button opens the protocol's claim page so you can check.
  </Accordion>

  <Accordion title="Claimable later">
    The wallet qualifies but the claim window has not opened yet. The button is disabled until it does.
  </Accordion>

  <Accordion title="Claimed">
    The airdrop has been claimed and the tokens are in the wallet. On the History tab, **View TX** opens the claim transaction on a block explorer.
  </Accordion>

  <Accordion title="Expired">
    The claim window has closed and the wallet did not claim in time. The tokens are no longer available and cannot be recovered.
  </Accordion>

  <Accordion title="Partial">
    The airdrop distributed several tokens and only some of them have been claimed. Partial opens a detail dialog listing each token with its claimed and eligible value; once every token is claimed, the button reads Claimed. The unclaimed part counts as Missed on the share card.
  </Accordion>
</AccordionGroup>

<Warning>
  Airdrops have limited claim windows. Once an airdrop expires, the tokens are permanently lost. Check your eligibility regularly to avoid missing active airdrops.
</Warning>

## Airdrop details

Each airdrop entry includes the following information:

* Airdrop: the protocol or project name, sometimes with a label indicating the round or season (e.g. "S1", "ASR #6", "Season 1", "Power User")
* Asset: the token ticker distributed in the airdrop (e.g. JUP, DRIFT, W, SWTCH)
* Amount: the number of tokens allocated and their estimated dollar value at the time of display
* Date: the meaning of the date column depends on the tab. On All, it is the airdrop date. On Upcoming and Past, it is the end date of the claim window. On History, it is the date you claimed

## Sharing your results

Click the **Share it!** button at the top of the page to open **Share airdrop summary**. The card displays:

* The total eligible airdrop value across all your wallets
* A breakdown of Claimed vs Missed amounts
* Protocol icons for the airdrops included

You can **Copy** the card image to your clipboard or **Download** it as a file.

<CardGroup>
  <Card title="Airdrop Checker FAQ" icon="circle-question" href="/user-docs/manage/portfolio/faq#airdrop-checker">
    Common questions about eligibility, claiming, wallets, statuses, and more.
  </Card>
</CardGroup>


# Portfolio FAQ
Source: https://docs.jup.ag/user-docs/manage/portfolio/faq

Troubleshooting Jupiter Portfolio: missing tokens, wrong values, missing positions, unsupported protocols, no net worth history, and Airdrop Checker questions.

<Tip>
  For missing tokens, wrong values, or missing positions, submit a [support ticket](https://support.jup.ag/requests/new). Include your wallet address and as much detail as possible to help the team investigate.
</Tip>

## Portfolio

<AccordionGroup>
  <Accordion title="My tokens are not showing, why?">
    There are a few possible reasons:

    * No reliable price source. If a token has very low liquidity or no established market, Portfolio cannot determine a reliable price. In that case the token is hidden from the dashboard entirely, not shown with a zero value.
    * The token is very new. Newly launched tokens may not be priced yet. They appear once a reliable price source becomes available.
    * A bug is causing the token to not display. If you believe a token should be shown, submit a [support ticket](https://support.jup.ag/requests/new) with the token mint address and your wallet address.
  </Accordion>

  <Accordion title="My position shows a wrong value, how do I report it?">
    Submit a [support ticket](https://support.jup.ag/requests/new) with the following details:

    1. The protocol where you see the issue.
    2. The specific position concerned.
    3. Your wallet address.
    4. (Optional) A screenshot of the position as shown on the protocol's own website, for comparison.
  </Accordion>

  <Accordion title="Some of my positions are missing, what can I do?">
    Use **Missing a position? Report it** at the bottom of the Positions tab, or submit a [support ticket](https://support.jup.ag/requests/new) with the protocol or application where the missing position exists (for example Jupiter Perps, Kamino, Drift) and your wallet address, which is kept private and used only to resolve the issue.
  </Accordion>

  <Accordion title="What is the yellow shield icon next to my wallet name?">
    The last scan did not cover every protocol. Hover the icon to see "Position scan incomplete, some positions may be missing" and the protocols whose scanner failed. Your transactions are not affected; positions held on those protocols may be missing from the page until a later scan succeeds. Refresh the positions, and use **Report issue** in the popover if the icon stays. See [Positions](/user-docs/manage/portfolio/positions#the-yellow-shield-icon-next-to-the-wallet-name).
  </Accordion>

  <Accordion title="A protocol I use is not supported, how do I request it?">
    Portfolio currently supports 190+ protocols. If the protocol you use is not listed, submit a request on the [Portfolio feedback page](https://feedback.jup.ag/b/portfolio-feedback). The team reviews requests and works on adding new integrations.
  </Accordion>

  <Accordion title="Why does the Net worth chart show no history?">
    The Net worth view charts the portfolio's value over time from recorded history, which is currently recorded for active JUP stakers. A wallet without recorded history shows "No recorded history" instead of a chart. The Yield and Breakdown views work for every wallet. See [The Net worth card](/user-docs/manage/portfolio/positions#the-net-worth-card).
  </Accordion>

  <Accordion title="Why is the Spot tab disabled?">
    You are viewing a group. Spot PnL is calculated for one wallet at a time: select a single wallet from the account selector to open its Spot tab. See [Spot PnL](/user-docs/manage/portfolio/spot-pnl).
  </Accordion>

  <Accordion title="Is there a demo or practice account?">
    No. The demo wallets on the landing page are watch-only sample portfolios holding real onchain data that belongs to someone else. Jupiter has no paper trading or simulated balances. You can, however, open any public address without connecting a wallet. See [Demo wallets](/user-docs/manage/portfolio#demo-wallets).
  </Accordion>

  <Accordion title="How often does the data refresh?">
    On desktop, positions refresh when you load or reload the page, or click **Refresh positions**. In Jupiter Mobile, they refresh periodically in the background. See [Refresh frequency](/user-docs/manage/portfolio#refresh-frequency).
  </Accordion>

  <Accordion title="Are NFTs tracked?">
    No. Portfolio does not currently track or display NFT holdings.
  </Accordion>
</AccordionGroup>

***

## Airdrop Checker

<AccordionGroup>
  <Accordion title="What is the Airdrop Checker?">
    The Airdrop Checker is a tab inside Jupiter Portfolio. It lets you scan your Solana wallets to see which airdrops you are eligible for, which you have already claimed, and which you may have missed. To access it, go to [jup.ag/portfolio](https://jup.ag/portfolio) and click the Airdrop tab, or start from [jup.ag/portfolio/airdrop-checker](https://jup.ag/portfolio/airdrop-checker) to scan up to 15 addresses at once.
  </Accordion>

  <Accordion title="Does the Airdrop Checker cover all Solana airdrops?">
    No. The tool tracks a curated selection of airdrops from major Solana protocols and well-known communities (e.g. Jupiter, Drift, Wormhole, Meteora, Tensor). Smaller distributions, such as minor memecoin airdrops, are not included.
  </Accordion>

  <Accordion title="Can I claim an airdrop directly from the Airdrop Checker?">
    No. The Airdrop Checker shows your eligibility status and redirects you to the protocol's own claim page when you click the claim action. The claim transaction is processed on the protocol's site, not within Jupiter.
  </Accordion>

  <Accordion title="Why am I marked as Ineligible for an airdrop?">
    Ineligible means your wallet does not meet the criteria set by the protocol for that specific airdrop. Each protocol defines its own eligibility rules (e.g. minimum trading volume, staking, governance participation). The Airdrop Checker does not determine or explain why a wallet is ineligible.
  </Accordion>

  <Accordion title="What happens when an airdrop expires?">
    Once the claim window closes, the Action column reads Expired. The tokens are permanently lost and cannot be claimed or recovered. There is no way to reclaim expired airdrops.
  </Accordion>
</AccordionGroup>

<Tip>
  For more detail on how the Airdrop Checker works, see the [Airdrop Checker page](/user-docs/manage/portfolio/airdrop-checker).
</Tip>


# Portfolio Overview
Source: https://docs.jup.ag/user-docs/manage/portfolio/index

What Jupiter Portfolio is: a read-only Solana dashboard for any wallet, how it detects and prices positions, what it does not track, and the protocols covered.

<Card title="New to Jupiter Portfolio?" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-portfolio">
  Learn how to track your Solana portfolio step by step with the Jupiter Academy guide.
</Card>

## What is Portfolio

Jupiter Portfolio is a portfolio tracking tool for Solana, available at [jup.ag/portfolio](https://jup.ag/portfolio). It gives a unified view of a wallet's token balances, DeFi positions, staking activity, and transaction history across 190+ protocols, from a single dashboard.

Portfolio is primarily read-only: it displays onchain data without requiring you to interact with each protocol. Some Jupiter actions are available directly from the dashboard for your own connected wallet, such as trading a token, closing a Perps position, or reclaiming SOL from empty token accounts; see [Positions and Net Worth](/user-docs/manage/portfolio/positions#actions-available-from-a-position).

The dashboard is organized into five tabs: [Positions](/user-docs/manage/portfolio/positions), [Spot](/user-docs/manage/portfolio/spot-pnl), [Activity](/user-docs/manage/portfolio/activity), [Airdrop](/user-docs/manage/portfolio/airdrop-checker), and [Newsletter](/user-docs/manage/portfolio/newsletter).

## Which wallets you can view

Portfolio works with any public Solana address. Paste an address or a Solana domain name (for example a `.sol` name) in the search bar and the dashboard loads it, with no wallet connection and nothing to sign. An address opened this way is labeled **Watch-only**.

If you connect your wallet, Portfolio loads it automatically and labels it **Connected**. Only the connected wallet can use the actions on the dashboard; a watch-only wallet is displayed but cannot be managed.

Several wallets can be viewed together as a group, see [Wallets, Groups and Address Book](/user-docs/manage/portfolio/address-book).

## The landing page

Opening [jup.ag/portfolio](https://jup.ag/portfolio) without a wallet selected shows a landing page where you can:

* Search any wallet: paste a Solana wallet address or domain, or connect your own wallet.
* Browse Smart Money wallets: a preview of top wallets by daily PnL, with their win rate, volume, and transaction count. Each opens directly in Portfolio; see [Smart Money](/user-docs/trade/spot/smart-money) for how these wallets are selected.
* Open demo wallets: three watch-only sample portfolios you can view individually or as a group.

### Demo wallets

The Demo wallets section of the landing page offers three sample addresses: DeFi whale, JUP staker, and Airdrop farmer. Open one from its card, or select **View all 3 as a group** to load the three together; [jup.ag/portfolio/demo](https://jup.ag/portfolio/demo) opens that group directly. While you are on a demo wallet, a banner at the top of the page offers to connect a wallet, or to switch to your own portfolio if one is already connected.

Demo wallets exist to show a dashboard filled with real activity before you look up your own address. Like any address opened without connecting, they are watch-only: you are reading someone else's onchain data.

<Note>
  Demo wallets are not a practice account. Jupiter has no paper trading or simulated balances anywhere in the product: Portfolio displays real onchain data only, and every trade on Jupiter uses real funds.
</Note>

## How Portfolio finds and prices positions

### Position detection

Portfolio detects positions by parsing onchain data directly. When you load a wallet, it reads the blockchain to identify token balances, staking positions, lending positions, liquidity provisions, and other DeFi activity across supported protocols. The Positions tab shows "Scanning N protocols" while this runs, N being the number of protocols currently covered.

### Pricing

Token prices come from two sources: the Jupiter Pricing API for standard tokens, and in-house portfolio pricing for assets the standard source cannot price, such as LP tokens, staked assets, and other derivative tokens.

A token with no reliable price source is hidden from the dashboard. It is not shown with a zero or missing value; it simply does not appear. Very new tokens appear once a reliable price is available.

Values are shown in USD by default. The **Currency** setting converts every value to EUR, GBP, JPY, AED, AUD, CAD, SGD, or INR instead, see [Portfolio Settings](/user-docs/manage/portfolio/settings).

### Refresh frequency

On desktop, at jup.ag/portfolio, data refreshes on demand: positions update when you load or reload the page, or click **Refresh positions** (the circular arrow at the top right). Positions appear progressively as they are fetched rather than all at once. In Jupiter Mobile, data refreshes periodically in the background.

<Note>
  Progressive loading applies only to [jup.ag/portfolio](https://jup.ag/portfolio). It is not available in Jupiter Mobile, the side drawer, or the wallet view. Portfolio in the mobile app is described on the [Jupiter Mobile Portfolio](/user-docs/global/mobile/portfolio) page.
</Note>

## What Portfolio does not track

* NFTs are not tracked. Portfolio does not display NFT holdings.
* Tokens without a price source are hidden, as described above.
* Third-party positions cannot be managed. Positions on protocols such as Kamino or Drift are displayed, but every action on them happens on the protocol's own site.

If a position you hold on a supported protocol is missing, or a value looks wrong, see the [FAQ](/user-docs/manage/portfolio/faq) for what to send to support.

## Supported protocols

Portfolio tracks positions across 190+ Solana protocols, including major DeFi platforms, staking providers, and other onchain applications.

<Tip>
  If a protocol you use is not supported, request it through the [Portfolio feedback page](https://feedback.jup.ag/b/portfolio-feedback).
</Tip>

The list below is a snapshot and not exhaustive: integrations are added regularly, and the live count appears on the Positions tab while positions load.

<Accordion title="Supported protocols">
  01, Access Protocol, Adrastea, Adrena, Akuma, Allbridge, AllDomain, Amulet, Armada, Asgard Finance, Atrix, Aurory, Backwoods, Banana Gun, Banger, Banx, baskt, Believe, Bio, Blaze Staked SOL, Bloom, SNS, BONKbot, Bonk Rewards, Boop, BounceBit, Brawl AI, BSKT, btcSOL, Byreal, Candle, Carrot, Circle, Circuit, Citrus, Clone, CoinMarketCap, Cropper, Cudis, Cushion, CyberFrogs, Cytonic, deBridge, Defiland, DeFiTuna, Degen Coin Flip, DeGods, DFlow, Divvy, DoubleUp, Drift, Drip Haus, Dumpy, Elemental, EnsoFi, Exponent, Famous Fox Federation, Fjord Foundry, FlashTrade, Lulo, Flowmatic, Flux Beam, Fragmetric, Francium, Frax Staked ETH, MetaDAO, Gary, Gauntlet, Gecko, Genesysgo, Glow, Gofurs, GooseFX, GPool, Grass, Guano, Haven, HawkFi, Hedgehog Markets, Hedgy, Helium, Honeyland, Huma, Hxro, Hylo, ILoop, Jito, Jupiter, Jupiter DAO, Jupiter Jupuary, Jupiter Launchpad, Kamino, Kishu, Knightrade, Kyros, Lavarage, Layer3, Lifinity, Ligma, Loopscale, M1 Capital, MadBears, MadLads, Maestro, Mango, MarginFi, Marinade Finance, MathWallet, Meteora, Meteorswap, Mithril, MonkeDAO, MonkeLabs, MonkeWorld, Moonwalk, Moonwell Artemis, mSOL, MtnPay, MtnPay Deals, MtnPay Swap, Nami Protocol, Night Market, Notifi, Numoen, NFTs2Me, Ocean Protocol, Octane, OKSwap, OneSwap, OpenSerum, Orion, Otter, PalletOne, PancakeSwap, Parrot, PawSwap, Peryton, Phantom, Phoenix, Pilot, Pippin Finance, Pizza, Pluto, Port Finance, Primate, Project Serum, PsyOptions, Pump, PumpkinSwap, Quasar, RaceFi, Raydium, Redeem, Ren, ReSol, Riptide, Risk Harbor, RoboVault, Saber, Sanctum, Shadowlands, Sharky, ShdwDrive, Shiryo, SideSwap, Slope, Sobr, Solana Beach, SolanaPunks, Solflare, Solido, Solmez, Solrise, Solscan, Solyard, SpaceHamster, Spectre, Spling, Squads, Star Atlas, StatUtils, Step, Streamflow, SushiSwap, Switchboard, Synapse, Synthrix, Tapio, TempoDAO, Tidal, TokenPocket, Tulip, Uniswap, Wagmi, Wormhole, XNFT Backpack, Yak, YieldRay, Zeta, Zeus, ZigZag
</Accordion>

## Go further

<CardGroup>
  <Card title="Positions and Net Worth" icon="chart-pie" href="/user-docs/manage/portfolio/positions">
    The Net worth card, claimable rewards, positions by platform, and the actions on each row.
  </Card>

  <Card title="Spot PnL" icon="chart-line" href="/user-docs/manage/portfolio/spot-pnl">
    Realized and unrealized PnL, top trades, the PnL Calendar, and the Share PnL card.
  </Card>

  <Card title="Activity and Export" icon="list" href="/user-docs/manage/portfolio/activity">
    The transaction history and how to export it as a CSV file.
  </Card>

  <Card title="Reclaim SOL" icon="coins" href="/user-docs/manage/portfolio/reclaim-sol">
    Recover the SOL locked as rent in empty token accounts.
  </Card>

  <Card title="Wallets, Groups and Address Book" icon="address-book" href="/user-docs/manage/portfolio/address-book">
    Switch wallets, bookmark addresses, and view several wallets as one group.
  </Card>

  <Card title="Airdrop Checker" icon="gift" href="/user-docs/manage/portfolio/airdrop-checker">
    Check airdrop eligibility across your wallets.
  </Card>
</CardGroup>


# Newsletter
Source: https://docs.jup.ag/user-docs/manage/portfolio/newsletter

The Newsletter tab of Jupiter Portfolio subscribes you to the Portfolio Brief, a free weekly email sent every Monday on what changed across your positions.

The Newsletter tab of a portfolio is where you subscribe to the Portfolio Brief, a free weekly email about your portfolio sent every Monday. It covers what changed across your positions, anything that needs your attention, such as a Perps position close to liquidation or a lending position whose health slipped, and rewards and opportunities worth a look, with market context connected to the assets you hold.

## Subscribing

<Steps>
  <Step title="Open the Newsletter tab">
    Open the Newsletter tab of a portfolio. It shows a sample edition with illustrative data, so you can see the format before subscribing. Signing up and managing the brief require a connected wallet: until you connect, the tab only shows the sample and a **Connect wallet** prompt. Connecting on its own does not subscribe you.
  </Step>

  <Step title="Enter your email">
    Enter your email address and click **Get the weekly brief**.
  </Step>

  <Step title="Choose the wallets (optional)">
    **Choose wallets and save preferences** selects the wallets the brief covers. The wallet you subscribed from is the primary wallet and always stays in the list. With Jupiter Wallet you can add up to 9 more wallets (10 in total); with other wallets, up to 4 more. Switching the connected wallet never changes the saved primary on its own: use **Use connected wallet as primary** to change it explicitly. Editing the wallet list after signing up only saves the preference in your browser; the emails follow the selection you submitted.
  </Step>
</Steps>

<Note>
  A wallet with more than 150 JUP actively staked has its net worth tracked automatically, even when you do not visit Jupiter, so its brief can show changes over time. The brief uses the history available for the other wallets.
</Note>

## Unsubscribing

Once subscribed, the Newsletter tab shows the email saved for the brief and an **Unsubscribe** action, which asks for confirmation. It works from the browser where you signed up. The link at the bottom of every brief email also unsubscribes.

To come back after unsubscribing, open the Newsletter tab with your wallet connected and use **Rejoin the weekly brief**: the form is prefilled with your saved email and wallets, and submitting it restarts the emails.


# Positions and Net Worth
Source: https://docs.jup.ag/user-docs/manage/portfolio/positions

The Positions tab of Jupiter Portfolio: the Net worth card and its views, claimable rewards, positions grouped by platform, and the actions on each row.

The Positions tab is the main view of Portfolio. It opens by default when you load a wallet and contains the Net worth card, the Spot PnL card, and every detected position grouped by platform.

At the top right of the page, **Bookmark** saves the wallet or group to your [Address Book](/user-docs/manage/portfolio/address-book), the eye icon (**Hide values**) masks every amount on the page, and the circular arrow (**Refresh positions**) reloads the data.

### The yellow shield icon next to the wallet name

A small yellow shield next to the wallet name in the page header means the last scan did not cover every protocol. Hover it to see "Position scan incomplete, some positions may be missing", followed by the protocols whose scanner failed and the wallet concerned. It is about position detection, not about your transactions: nothing has been lost onchain, but positions held on the listed protocols may be absent from the page and from the net worth until a later scan succeeds. Use **Refresh positions** to scan again, and **Report issue** in the same popover to contact support if the icon stays.

## The Net worth card

The Net worth card shows the wallet's total value in your display currency and in SOL, with its change in value and in percent since the earliest recorded point in the selected window ("since yesterday", "since 19 days ago", and so on). It carries the Send button (transfer tokens to any address, or create a Magic Link, via Jupiter Send) and the Deposit button (deposit crypto, buy with card, deposit from an exchange, or bridge from other chains).

The lower part of the card is a chart area with three views: **Net worth**, then two icon buttons next to it for **Yield** and **Breakdown**. The info icon next to them explains the view you are on.

| View | What it shows |
| - | - |
| Net worth | Portfolio value over time, with a 1w, 1M, or 3M window. History is currently recorded for active JUP stakers: a wallet without recorded history shows "No recorded history" instead of a chart. |
| Yield | Estimated returns of your active positions at their current rates, in your display currency and as a percentage. A selector sets the period, 24h, 1M, or 1Y (yearly by default), and a toggle switches between APR (the default) and APY. The card shows the largest contributor; **View all** lists every platform and token. |
| Breakdown | Allocation of the portfolio by Tokens or by Platforms, each entry with its share of total value. |

<Warning>
  The Yield view is a projection based on current rates, provided for information only. It is not a guarantee of future returns: rates change with protocol conditions.
</Warning>

## Where the Claimable amount comes from

When the wallet has assets to claim across protocols, a **Claimable** total appears in the Net worth card. It counts rewards accrued on liquidity positions, and assets a protocol marks as claimable or that have finished vesting. Platforms whose claimable total falls under a small display threshold are left out.

Click the total to open the Claimable positions dialog: the total value you can claim, then each item grouped by platform with the token, the amount, its value, and, for a wallet group, which wallet holds it.

Each item carries a **Claim** button. Portfolio does not claim on your behalf: the button opens the protocol's own claim page (or its website when the position has no direct link) in a new tab, where you claim with your wallet and pay that protocol's network fees. Come back to Portfolio and use **Refresh positions** to see the updated balance.

Airdrops have their own flow in the [Airdrop tab](/user-docs/manage/portfolio/airdrop-checker), and JUP staking rewards are claimed from [Active Staking Rewards](/user-docs/more/dao/asr#how-to-claim-asr).

## The Spot PnL card

The Spot PnL card, to the right of the Net worth card, shows the wallet's realized spot PnL for the current month, its best day, its win or loss streak, and a day-by-day strip. **PnL Calendar** and **Share PnL** open from it. The card, the Spot tab, and the calendar are described on the [Spot PnL](/user-docs/manage/portfolio/spot-pnl) page.

## Positions by platform

Below the cards, every detected position is grouped by platform: Holdings for the tokens held in the wallet, then one section per protocol (Jupiter, Validators, Jito, Kamino, and so on). Each section shows its total value and expands to the individual positions. Platform chips above the list jump to a platform's section, and **Collapse** folds all sections.

The Holdings header carries the **Reclaim** button with the number of token accounts you can close to recover SOL, see [Reclaim SOL](/user-docs/manage/portfolio/reclaim-sol). Below the last section, **Missing a position? Report it** opens a form to report a position Portfolio did not detect.

### Columns

| Column | Description |
| - | - |
| Asset | The token or position. |
| Value/Balance | Value of the position in your display currency, and the amount of the token held or deposited. |
| Price/24hΔ | Current token price with its 24-hour change. |
| PnL (all time) | Profit and loss on the holding since you acquired it, shown for wallet tokens. Click the column header to switch to **PnL (24h)**. |
| Yield | Current APY for yield-bearing positions (staking, lending, liquidity). |
| Actions | The Jupiter actions available on the row, see below. |

Some position types display additional information:

* Lending positions show the Health percentage and separate Supplied and Borrowed amounts. Clicking the health value switches between the Ratio and Factor display, see [Portfolio Settings](/user-docs/manage/portfolio/settings).
* Validator staking shows the Validator name and stake status (for example Active or Claimable).
* Leverage positions show the multiplier and Health percentage.
* Pending Jupiter Perps orders (limit orders that have not filled yet) are listed separately from open positions, with the asset, direction, trigger price, size (the order amount multiplied by the trigger price), and collateral. A wallet that only has pending orders shows no open position and no **Close** button. The collateral set aside for pending orders is shown with the orders and is not counted in the position value or the Positions subtotal, so it is never counted twice.

## Actions available from a position

Portfolio is primarily a read-only tool, but Jupiter products can be acted on from their row, for the connected wallet only.

| Action | Where and what |
| - | - |
| **Trade** | On a wallet token: opens the Trade Token dialog to buy or sell it without leaving Portfolio, see [Trading from Portfolio](#trading-from-portfolio). |
| **Get X% APY** | On SOL: stake it with the Jupiter validator. On tokens Jupiter Lend accepts (for example USDG): supply them to Jupiter Lend. |
| **Manage** | On a Jupiter Lend position: add funds, manage Earn deposits and Borrow positions. On a validator staking position: manage the stake. |
| **Cancel** | On an active Jupiter limit order or recurring (DCA) order. |
| **Close** | On a Jupiter Perps or Jupiter Predict position. |
| **Reclaim** | On the Holdings header: close empty token accounts to recover SOL, see [Reclaim SOL](/user-docs/manage/portfolio/reclaim-sol). |

<Note>
  Actions are only available for Jupiter products and only for the connected wallet. Positions on watched addresses, and positions on third-party protocols such as Kamino or Drift, are displayed but cannot be managed from Portfolio. The one exception is **Trade**, which opens on any wallet you view: the dialog then asks you to connect a wallet before you can trade.
</Note>

## Trading from Portfolio

**Trade**, on any row of the Holdings section, opens the **Trade Token** dialog with that token preselected. It is the Spot trade form, so you can buy or sell without leaving Portfolio.

The right side of the dialog is the trade form, with the same three tabs as Spot: **Market** for an immediate swap (Ultra by default, with the settings icon to adjust it), **Limit** for a trigger order, and **DCA** for a recurring order. The token you clicked is set as the token to buy against SOL; use the arrows to sell it instead, or change either side of the pair. Orders placed here are the same as orders placed on Spot and appear in your Jupiter positions.

On a desktop screen, when your wallet is connected, the left side of the dialog shows your history with that token:

* **Token header**: symbol, mint address with a copy button, current price and 24h change, market cap, and the watchlist star.
* **Price chart**: the token price with your trades marked on it. **B** marks a candle where you only bought, **S** one where you only sold, and **T** one with both; the number under a mark is how many trades it groups. Hover a mark to see the buys and sells. Horizontal lines show your **Avg Entry** and **Avg Exit** prices. **4h**, **7d**, **30d** set the window, and **Auto** (the default) fits it to your trading history. The **Price** toggle switches the chart to market cap.
* **PnL card**: the value and amount of the token you hold, your total PnL in USD and in percent (hover it for the realized and unrealized split), your average entry price, and the total bought. **Share** produces an image card of the position.
* **Open Token Page** opens the token's [token page](/user-docs/trade/spot/token-page).
* **Trades**: every buy and sell of that token, with date, price, amount, profit, and a link to the transaction.

On a phone, or when no wallet is connected, the dialog only contains the trade form.


# Reclaim SOL
Source: https://docs.jup.ag/user-docs/manage/portfolio/reclaim-sol

Recover the SOL locked as rent in empty token accounts from Jupiter Portfolio: eligible accounts, the Reclaim SOL dialog, and what stays in your wallet.

Every token you have ever held on Solana lives in a token account, and each account holds a small amount of SOL as rent to stay open. When you sell or send all of a token, its account usually stays open with that SOL inside. Reclaim SOL closes those empty accounts and returns their rent to your wallet, and can also recover excess SOL from accounts that stay open.

## Where to find it

On the Positions tab, the Holdings section header carries a **Reclaim** button with a badge showing how many token accounts are eligible. The button only works for the connected wallet: on a watch-only address it is displayed but cannot be used.

## The Reclaim SOL dialog

Clicking **Reclaim** opens the Reclaim SOL dialog. It reads: "Recover SOL by closing eligible empty token accounts or reclaiming excess SOL from accounts that stay open. Your tokens stay in your wallet."

<Steps>
  <Step title="Review the eligible accounts">
    Eligible Tokens lists every account with reclaimable SOL, with the total, for example "36 tokens with reclaimable SOL" and the SOL they add up to. Each row shows the token, its truncated mint address, the SOL that account returns, and the action applied to it, **Close** for an empty account.
  </Step>

  <Step title="Select the accounts to process">
    Estimated Reclaim at the bottom of the dialog updates with the SOL and its value for the accounts selected.
  </Step>

  <Step title="Review and sign">
    **Review** moves to the confirmation, after which your wallet asks you to sign the transaction. **Cancel** closes the dialog without doing anything.
  </Step>
</Steps>

Rent amounts are small, typically about 0.002 SOL per account, so the total is only worth a transaction once a wallet has accumulated many empty accounts.

<Note>
  Reclaiming never sells or moves your tokens: only empty accounts are closed, and the balances of tokens you still hold are untouched. A closed account is recreated automatically, with new rent, the next time you receive that token.
</Note>


# Portfolio Settings
Source: https://docs.jup.ag/user-docs/manage/portfolio/settings

The four Portfolio settings on jup.ag: display currency (USD, EUR, GBP, JPY and more), hiding small positions, lending health display, and the Spot PnL period.

Four settings control how Portfolio displays a wallet. Open the settings icon in the top bar of jup.ag, then the Portfolio tab.

| Setting | What it does |
| - | - |
| **Currency** | The currency every value on the page is converted to: USD, EUR, GBP, JPY, AED, AUD, CAD, SGD, or INR. USD by default. Conversion applies an exchange rate to the USD value; prices themselves are sourced as described in [Pricing](/user-docs/manage/portfolio#pricing). |
| **Hide positions** | Hides positions below a value: Show All, under \$0.01, \$1, \$5, or \$10. Show All by default. |
| **Health mode** | How the health of a lending position is written: Ratio as a percentage, where liquidation may start at 0%, or Factor as a number, where it may start at 1. Ratio by default. Clicking the Health value on a position switches between the two as well. |
| **Spot PnL** | The period the Spot PnL card covers: All time or 24h. All time by default. |

<Note>
  These settings are saved in your browser: they apply to every wallet you open on that device and do not follow you to another browser or to Jupiter Mobile.
</Note>

They are separate from **Default Currency** in the General tab of the same dialog, which sets the token you trade against on the Spot pages and offers USDC, SOL, or JupUSD; see [Spot settings](/user-docs/trade/spot#settings).


# Spot PnL
Source: https://docs.jup.ag/user-docs/manage/portfolio/spot-pnl

Spot trading performance in Jupiter Portfolio: Spot tab metrics, realized and unrealized PnL, top trades, the PnL Calendar with win streaks, Share PnL.

Portfolio measures a wallet's spot trading performance in three places: the Spot PnL card on the Positions tab, the Spot tab, and the PnL Calendar. All three work for a single wallet at a time: on a wallet group, the card asks you to choose a wallet and the Spot tab is disabled.

## The Spot tab

The Spot tab is the wallet's spot trading record. A time filter (1d, 7d, 30d, All) applies to the whole tab, and the Updated indicator shows when the data was last refreshed.

### Summary metrics

Three cards summarize the selected period:

* Summary: Holdings (current value of the tokens still held), Volume with the number of trades, Total PnL, Win Rate, Realised PnL (on tokens sold) and Unrealised PnL (on tokens still held, at current prices), each with its percentage. **Share** produces an image card.
* Realised PnL: a chart of realized PnL over the period. **Calendar** opens the PnL Calendar.
* Top trades: your three best trades of all time by PnL, and the distribution of your trades by return multiple: below -0.5x, 0 to 0.5x, 0.5 to 2x, 2 to 5x, and above 5x.

### Token lists

<Tip>
  Your average entry and exit prices for a token are in these lists, in the Bought / Entry and Sold / Exit columns.
</Tip>

Below the cards, four lists detail the tokens traded:

* Recent: tokens by last trade date.
* Holdings: tokens you still hold.
* Profitable: tokens by PnL.
* Activity: every buy and sell, with date, price, amount, volume, profit, and a link to the transaction.

For each token, the lists show the last trade date, unrealized, realized, and total PnL, the current holding, the amount bought with its average entry price, the amount sold with its average exit price, and the share of the position remaining. **Manage** switches the price display between token price and market cap, and the currency between USD and SOL.

## The PnL Calendar

**PnL Calendar** opens from the Spot PnL card on the Positions tab, or from **Calendar** on the Spot tab. It is a monthly heatmap of realized PnL: one cell per day, colored by result, with the day's amount. The header shows the month's total PnL, the number of winning days with their total, and the number of losing days with theirs. Below the grid, Longest Win Streak and Current Win Streak count consecutive profitable days; flat and inactive days do not reset a streak. Use the month selector to move through time, and the currency toggle to read the calendar in USD or SOL. **Share** exports the calendar as an image.

## The Spot PnL card

On the Positions tab, the Spot PnL card shows the current month's realized spot PnL, its Best day, its Win streak or Loss streak (the longest run of profitable or losing days this month), and a day-by-day strip colored by daily result. The month label opens the Spot tab, **PnL Calendar** opens the calendar, and **Share PnL** produces an image card.

The period the card covers is a setting: All time by default, or 24h, see [Portfolio Settings](/user-docs/manage/portfolio/settings).


# Brand Kit
Source: https://docs.jup.ag/user-docs/more/brand-kit

Logos, labelling guidelines, and brand assets for Jupiter integrations.

## Jupiter Brand Kit

<Card title="Download Jupiter Brand Kit" icon="download" href="https://github.com/jup-ag/docs/tree/main/static/files/brand-kit" />

## Labelling

When integrating with Jupiter products, you are advised to correctly label the APIs used.

<Warning>
  **For Swap**

  | API Used | Required Label |
  | - | - |
  | Self-Hosted Metis Swap API binary | Metis |
</Warning>


# Active Staking Rewards (ASR)
Source: https://docs.jup.ag/user-docs/more/dao/asr

What ASR is, how it's distributed, and how to claim your rewards.

## What is ASR

ASR stands for Active Staking Rewards. Every quarter, 50 million JUP from the community allocation is distributed to eligible stakers.

ASR is paid in JUP and added to your staked balance, increasing your governance power over time.

Voting activity has no impact on ASR. You do not need to vote to be eligible.

<Note>
  For more background on ASR, see the original post: [ASR: Active Staking Rewards Notes](https://discuss.jup.ag/t/asr-active-staking-rewards-notes/12032).
</Note>

## How ASR is calculated

ASR is distributed based on time-weighted stake. The longer and the more you have staked during a given quarter, the larger your share of the quarterly ASR allocation.

The 7-day unstaking cooldown prevents users from staking briefly around distribution periods to claim rewards without sustained participation. See [Staking](/user-docs/more/dao/staking) for details on the unstaking process.

## How to claim ASR

ASR rewards are distributed quarterly and must be actively claimed. They are not sent to your wallet automatically.

<Note>
  There is no fixed distribution date. Each quarter's claim window is announced on Jupiter's official channels when it opens. If nothing is displayed on the rewards page yet, the claim period for the quarter has not started.
</Note>

<Steps>
  <Step title="Go to the rewards page">
    Connect your staking wallet to [jup.ag/rewards](https://jup.ag/rewards) when ASR claims go live for the quarter. If the campaign page shows that claims through the Rewards Hub have ended, follow the [claim period](#claim-period) route instead.
  </Step>

  <Step title="Check your eligible rewards">
    The page will display the amount of ASR you are eligible to claim.
  </Step>

  <Step title="Claim">
    Click the claim button and confirm the transaction in your wallet.
  </Step>
</Steps>

<Warning>
  ASR cannot be claimed while you are in the process of unstaking. You can either wait for the 7-day cooldown to finish and then claim, or cancel the unstaking process first and claim immediately.
</Warning>

## Troubleshooting

<AccordionGroup>
  <Accordion title="I can't find where to claim ASR">
    ASR is claimed at [jup.ag/rewards](https://jup.ag/rewards), not on the vote.jup.ag governance page. Connect the wallet you used to stake your JUP, and your eligible rewards will be displayed.
  </Accordion>

  <Accordion title="My claim transaction is failing">
    Claiming ASR is an onchain transaction that requires gas. Make sure you have at least \~0.01 SOL in your wallet. If the transaction still fails, check that you are not currently in the process of unstaking, as ASR cannot be claimed during the 7-day cooldown.
  </Accordion>

  <Accordion title="I claimed but don't see the JUP in my wallet">
    ASR claimed through the Rewards Hub is added to your staked balance, not sent to your wallet as liquid JUP. To see the updated amount, check your staking balance on [vote.jup.ag](https://vote.jup.ag/) or [jup.ag/portfolio](https://jup.ag/portfolio).

    A claim handled by support through a ticket works differently: the tokens are sent to the main address of the wallet you staked with. Check that address rather than your staked balance.
  </Accordion>
</AccordionGroup>

## Claim period

ASR claims open in the [Rewards Hub](https://jup.ag/rewards) shortly after the quarter ends (for the Apr - Jun 2026 round, claims opened on 8 July) and stay open for a limited window, not indefinitely.

When the window closes, the campaign page shows a claims-closed notice with a final support deadline: you can still claim by opening a support ticket at [support.jup.ag](https://support.jup.ag/) until that date (for the Apr - Jun 2026 round, until 7 October 2026). Reward amounts and your claimed state remain visible on the campaign page after claims close.

<Warning>
  Rewards left unclaimed are **not** distributed automatically. They do not appear in your stake account on their own, and no transfer is made on your behalf after the support deadline. Claiming, in the Rewards Hub or through a support ticket before the deadline, is the only way to receive them.
</Warning>

<Tip>
  Follow [@jup\_dao on Twitter](https://x.com/jup_dao) or enable "Notify me" on [vote.jup.ag](https://vote.jup.ag/) to get alerts when ASR claims go live.
</Tip>


# Jupiter DAO FAQ
Source: https://docs.jup.ag/user-docs/more/dao/faq

Frequently asked questions about the Jupiter DAO, staking, voting, and ASR.

## Staking

<AccordionGroup>
  <Accordion title="How do I stake my JUP?">
    Connect your wallet to [vote.jup.ag](https://vote.jup.ag/), enter the amount you want to stake, and confirm the transaction. Full step-by-step instructions are on the [Staking](/user-docs/more/dao/staking) page.
  </Accordion>

  <Accordion title="Can I unstake instantly?">
    No. Unstaking requires a 7-day cooldown. After 7 days, you can claim your tokens back to your wallet. See [Staking](/user-docs/more/dao/staking) for the full process.
  </Accordion>

  <Accordion title="Why is there a 7-day unstaking period?">
    It prevents gaming. Without it, users could stake briefly around distribution periods to claim ASR and leave immediately, with no sustained commitment.
  </Accordion>

  <Accordion title="Where can I check my staked balance?">
    Staked JUP is not liquid, so some wallets may not display it. You can check your accurate balance at [vote.jup.ag](https://vote.jup.ag/) or [jup.ag/portfolio](https://jup.ag/portfolio).
  </Accordion>

  <Accordion title="My claim transaction fails after unstaking. What's wrong?">
    You likely don't have an open JUP token account in your wallet. This can happen if you've used a wallet cleanup service. Buy a small amount of JUP to reopen the account, then retry. Make sure you have at least \~0.01 SOL for the fee.
  </Accordion>

  <Accordion title="What are the benefits of staking JUP?">
    Staking lets you vote on DAO proposals, earn quarterly ASR rewards based on time-weighted stake, and access occasional community perks and airdrops. Additional utility for stakers is being explored. See [Staking](/user-docs/more/dao/staking).
  </Accordion>
</AccordionGroup>

## Voting

<AccordionGroup>
  <Accordion title="How do I vote on a DAO proposal?">
    Connect your staking wallet to [vote.jup.ag](https://vote.jup.ag/), find the active proposal in the Proposals section, select your option, and confirm the transaction. Full instructions are on the [Voting](/user-docs/more/dao/voting) page.
  </Accordion>

  <Accordion title="Is there an active vote right now?">
    Go to [vote.jup.ag](https://vote.jup.ag/) and scroll to the "Proposals" section. Active proposals appear at the top with an "Active" status. You can also follow [@jup\_dao on Twitter](https://x.com/jup_dao) or enable email notifications on the vote page.
  </Accordion>

  <Accordion title="Do I need to stake JUP to vote?">
    Yes. Only staked JUP gives you voting power. Unstaked JUP in your wallet cannot be used to vote. See [Staking](/user-docs/more/dao/staking) for how to stake.
  </Accordion>

  <Accordion title="Can I change my vote?">
    Yes. You can change your vote at any time while the proposal is still active by voting again with a different option.
  </Accordion>

  <Accordion title="What does Abstain mean?">
    It means you are participating in governance but choosing not to take a position. Your voting power still counts toward quorum.
  </Accordion>

  <Accordion title="Does it matter which option I vote for in terms of rewards?">
    No. Your vote choice has no impact on ASR. Voting activity is not required for ASR eligibility. ASR is distributed based on time-weighted stake only.
  </Accordion>

  <Accordion title="Why is my voting power lower than expected while unstaking?">
    When you vote during an unstaking process, your voting power is based on what your staking account will hold at the end of the proposal. This prevents the same tokens from being used to vote twice across different wallets.
  </Accordion>

  <Accordion title="My JUP is staked but I can't vote. Why?">
    Voting is an onchain transaction that requires gas. Make sure you have at least \~0.01 SOL in your wallet.
  </Accordion>

  <Accordion title="How do I make sure I don't miss a vote?">
    You can follow announcements on [Discord](https://discord.com/invite/jup), the [DAO Twitter](https://x.com/jup_dao), or enable email notifications on [vote.jup.ag](https://vote.jup.ag/) by selecting "Notify me."
  </Accordion>
</AccordionGroup>

## ASR

<AccordionGroup>
  <Accordion title="What is ASR?">
    Active Staking Rewards. Every quarter, 50 million JUP from the community allocation is distributed to stakers based on time-weighted stake. Voting is not required. See [ASR](/user-docs/more/dao/asr) for full details.
  </Accordion>

  <Accordion title="How do I claim ASR?">
    Connect your staking wallet to [jup.ag/rewards](https://jup.ag/rewards) when claims go live. Your eligible amount will be displayed with a button to claim. See [ASR](/user-docs/more/dao/asr) for step-by-step instructions.
  </Accordion>

  <Accordion title="Can I claim ASR while unstaking?">
    No. You must either wait for the unstaking period to end and then claim, or cancel the unstaking process first.
  </Accordion>

  <Accordion title="Is there a deadline to claim ASR?">
    Yes. You can claim at any time during the quarter. At the end of the quarter, unclaimed rewards are returned to the community's treasury and are not redistributed.
  </Accordion>

  <Accordion title="I can't find where to claim ASR">
    ASR is claimed at [jup.ag/rewards](https://jup.ag/rewards), not on the vote.jup.ag governance page. Connect the wallet you used to stake your JUP.
  </Accordion>

  <Accordion title="My ASR claim transaction is failing">
    Make sure you have at least \~0.01 SOL for gas. Also check that you are not currently unstaking, as ASR cannot be claimed during the 7-day cooldown.
  </Accordion>
</AccordionGroup>

## Community Initiatives

<AccordionGroup>
  <Accordion title="What happened to Working Groups?">
    The Working Groups model has been discontinued and existing groups have been disbanded. The format is unlikely to return in its original form.
  </Accordion>

  <Accordion title="Are DAO Grants available?">
    The formal grant program has been halted. However, the community can still propose ideas via the [Jupiter Forum](https://discuss.jup.ag/) or reach out to AlleyCat or AG for support. See the [DAO Overview](/user-docs/more/dao/index) for details.
  </Accordion>
</AccordionGroup>


# Jupiter DAO Overview
Source: https://docs.jup.ag/user-docs/more/dao/index

Overview of the Jupiter DAO, the J.U.P. vision, community initiatives, and the Catdet community.

## What is the Jupiter DAO

The Jupiter DAO is a community-governed system that seeks to expand both Jupiter and Solana as a whole. The DAO conducts regular votes using JUP, the governance token.

The DAO was seeded with 100 million JUP and 10 million USDC. JUP holders who stake their tokens can vote on proposals relating to the allocation of these assets and on broader governance decisions.

To participate, stake your JUP on [vote.jup.ag](https://vote.jup.ag/). See [Staking](/user-docs/more/dao/staking) for a step-by-step guide.

## The J.U.P.

The J.U.P. is Jupiter's framework for a community that operates across multiple layers and works together to push both Jupiter and the broader crypto space forward.

<CardGroup>
  <Card title="Users">
    Everyone who uses Jupiter products.
  </Card>

  <Card title="The Jupiter Team">
    Core team building and maintaining Jupiter.
  </Card>

  <Card title="The DAO">
    Community governance through proposals and votes.
  </Card>

  <Card title="Catdets">
    Jupiter's most active and recognized community members.
  </Card>
</CardGroup>

You can read more about this concept in the original post: [J.U.P: An Experiment in Distributed Strategic Execution](https://discuss.jup.ag/t/j-u-p-an-experiment-in-distributed-strategic-execution/7182).

## Related Pages

* [Staking](/user-docs/more/dao/staking) — How to stake and unstake JUP, the unstaking period, and staking benefits
* [Voting](/user-docs/more/dao/voting) — How to vote on proposals and track votes
* [Active Staking Rewards (ASR)](/user-docs/more/dao/asr) — What ASR is, how it's distributed, and how to claim
* [Jupiter DAO FAQ](/user-docs/more/dao/faq) — Frequently asked questions about the DAO, staking, voting, and ASR


# Staking
Source: https://docs.jup.ag/user-docs/more/dao/staking

How to stake and unstake JUP, the unstaking period, and staking benefits.

## What staking does

Staking JUP locks your tokens in the governance smart contract. In return, you receive voting power to participate in DAO proposals and become eligible for [Active Staking Rewards (ASR)](/user-docs/more/dao/asr).

Staked JUP is not liquid. It remains locked until you go through the unstaking process.

## How to stake

<Steps>
  <Step title="Connect your wallet">
    Visit the governance platform at [vote.jup.ag](https://vote.jup.ag/). You can use a desktop browser or your wallet's dApp browser on mobile. Click the Connect button in the top right corner and select your wallet.
  </Step>

  <Step title="Enter the amount and stake">
    Enter the amount of JUP you want to stake, then click "Stake" and confirm the transaction in your wallet.
  </Step>

  <Step title="Confirm your voting power">
    Once confirmed, the JUP will leave your wallet and your Voting Power will update on the governance site. You can now vote on any live proposal.
  </Step>
</Steps>

<Note>
  You can add more JUP to your existing stake at any time without unstaking first.
</Note>

## Benefits of staking

Staking JUP allows you to:

* Participate in Jupiter DAO governance by voting on proposals.
* Earn Active Staking Rewards (ASR) each quarter, distributed based on time-weighted stake. See [ASR](/user-docs/more/dao/asr) for details.
* Access occasional community perks and airdrops.

Additional utility for JUP stakers is being explored across the Jupiter product suite.

## How to unstake

Unstaking initiates a 7-day cooldown period. During this time, you can still vote on live proposals with your remaining voting power and qualify for rewards.

<Steps>
  <Step title="Go to the Unstake tab">
    Connect your staking wallet to [vote.jup.ag](https://vote.jup.ag/) and select the Unstake tab below your Voting Power display.
  </Step>

  <Step title="Choose the amount and unstake">
    Select the amount you want to unstake (or select MAX to unstake everything). Click "Unstake" and confirm the transaction.
  </Step>

  <Step title="Wait for the cooldown">
    A 7-day countdown will begin. Your Voting Power will update to reflect the unstaking. You can cancel the process at any time by clicking "Cancel."
  </Step>

  <Step title="Claim your tokens">
    Once the 7-day period ends, click "Claim" and confirm the transaction. The tokens will be returned to your wallet.
  </Step>
</Steps>

<Warning>
  Unstaking cannot be skipped or accelerated. You must wait 7 days before claiming your tokens.
</Warning>

### Voting power during unstaking

When you unstake, your voting power is reduced based on the amount being unstaked:

* **Partial unstake**: voting power is reduced instantly by the unstaked amount.
* **Full unstake**: voting power decreases linearly over the 7-day unstaking period.

If you vote on a proposal while unstaking, your voting power is calculated based on what your staking account will hold at the end of the proposal. This prevents the same tokens from being used to vote more than once across different wallets.

## Why is there a 7-day unstaking period

The 7-day cooldown exists to prevent gaming. Without it, users could stake before a distribution period to claim ASR and unstake immediately after, without any sustained commitment.

## Check your staked balance

Since staked JUP is not liquid, some wallets may not display it correctly.

<Tip>
  To check your accurate staked balance:

  * [vote.jup.ag](https://vote.jup.ag/) (connect your wallet)
  * [jup.ag/portfolio](https://jup.ag/portfolio)
</Tip>

## Claiming fails after unstaking

If your claim transaction fails after the 7-day period, it's likely because your wallet no longer has an open JUP token account. This can happen if you've used a wallet cleanup service to burn empty token accounts.

<Steps>
  <Step title="Reopen the token account">
    Buy a small amount of JUP (any amount) to reopen the JUP token account in your wallet.
  </Step>

  <Step title="Retry the claim">
    Go back to [vote.jup.ag](https://vote.jup.ag/) and click "Claim" again. Make sure you have at least \~0.01 SOL for the transaction fee.
  </Step>
</Steps>


# Voting
Source: https://docs.jup.ag/user-docs/more/dao/voting

How to vote on Jupiter DAO proposals, track votes, and understand voting mechanics.

## How voting works

JUP holders who have staked their tokens can vote on governance proposals through the Jupiter DAO. Each staker's influence is proportional to their staked balance (voting power).

Voting is an onchain transaction. You need a small amount of SOL (\~0.01) in your wallet to cover the transaction fee.

<Tip>
  To check if there is an active vote right now, go to [vote.jup.ag](https://vote.jup.ag/) and scroll to the "Proposals" section. Active proposals are listed at the top with an "Active" status.
</Tip>

## How to vote

<Steps>
  <Step title="Connect your wallet">
    Go to [vote.jup.ag](https://vote.jup.ag/) and connect the wallet where your JUP is staked.
  </Step>

  <Step title="Find the active proposal">
    Scroll to the "Proposals" section at the bottom of the page. Active proposals appear at the top of the list. Click on the proposal you want to vote on to see its details and vote options.
  </Step>

  <Step title="Cast your vote">
    Select your preferred option, click "Vote," and confirm the transaction in your wallet.
  </Step>

  <Step title="Confirm">
    The proposal page will update to show what you voted for and the voting power you used. You can also leave verified feedback.
  </Step>
</Steps>

<Note>
  You can change your vote at any time while the proposal is still active by simply voting again with a different option.
</Note>

## Vote options

Most proposals include "For," "Against," and "Abstain" options.

Selecting "Abstain" means you are participating in governance but choosing not to take a position. Your voting power still counts toward quorum.

The option you choose has no impact on your ASR allocation. Voting activity is not required for ASR eligibility. ASR is distributed based on time-weighted stake only. See [ASR](/user-docs/more/dao/asr) for details.

## Voting power while unstaking

If you vote on a proposal while you are in the process of unstaking, your voting power is calculated based on what your staking account will hold at the end of the proposal, not your current staked balance.

This is a safeguard. Without it, someone could vote, finish unstaking, transfer tokens to another wallet, restake, and vote again on the same proposal.

## Can't vote even though JUP is staked

If your JUP is staked but you're unable to vote, check that you have at least \~0.01 SOL in your wallet. Voting is an onchain transaction and requires gas.

## Stay informed about upcoming votes

<Tip>
  There are several ways to make sure you don't miss a vote:

  * **[Discord](https://discord.com/invite/jup)**: proposals are typically shared in announcements. The lead-up usually lasts 7 to 10 days, and the voting period runs for 3 to 4 days.
  * **[DAO Twitter](https://x.com/jup_dao)**: posts the voting calendar and reminders while a vote is live.
  * **[Email notifications](https://vote.jup.ag/)**: on the vote page, select "Notify me" to receive email alerts when a vote opens.
</Tip>

## Voting history

You can view all past proposals and your personal voting history by connecting your wallet at [vote.jup.ag](https://vote.jup.ag/).


# JUP Token FAQ
Source: https://docs.jup.ag/user-docs/more/jup-token/faq

Frequently asked questions about the JUP token, including the contract address and where to get JUP.

<AccordionGroup>
  <Accordion title="What is the contract address of JUP?">
    ```
    JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN
    ```

    Always verify the address before trading. The Jupiter team has no other tokens besides those listed on the [Overview](/user-docs/more/jup-token/index) page.
  </Accordion>

  <Accordion title="Where can I buy or trade JUP?">
    JUP is available on decentralized exchanges (DEXs) and centralized exchanges (CEXs). On Solana, you can swap it directly through [Jupiter](https://jup.ag/tokens/JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN).
  </Accordion>

  <Accordion title="What are JLP, JupSOL, and JupUSD?">
    These are receipt or utility tokens tied to specific Jupiter products. They do not dilute JUP governance or economics. Contract addresses are listed on the [Overview](/user-docs/more/jup-token/index) page.
  </Accordion>

  <Accordion title="Will Jupiter launch additional tokens?">
    No. JUP is and will remain the only governance token for Jupiter. The team may issue product-specific receipt tokens (e.g. LP receipts, liquid staked tokens), but none that affect JUP economics. See [Tokenomics](/user-docs/more/jup-token/tokenomics) for details.
  </Accordion>

  <Accordion title="Where does Jupiter's revenue come from?">
    Jupiter earns fees from perpetuals, spot swaps, limit orders, DCA, and liquidity aggregation (onchain and offchain). 50% of onchain revenue goes to the Litterbox Trust to buy JUP. The rest funds operations and treasury reserves. See [Transparency](/user-docs/more/jup-token/transparency) for the full breakdown.
  </Accordion>

  <Accordion title="What is the Litterbox Trust?">
    A non-profit entity that receives 50% of Jupiter's onchain revenue and uses it to make programmatic onchain purchases of JUP as a long-term strategic reserve. It has burned approximately 134 million JUP to date. You can track its wallet on [Solscan](https://solscan.io/account/6tZT9AUcQn4iHMH79YZEXSy55kDLQ4VbA3PMtfLVNsFX).
  </Accordion>

  <Accordion title="Do JUP holders receive a share of protocol fees?">
    No. JUP holders do not receive a direct percentage of fees. They benefit indirectly through the Litterbox Trust's JUP purchases and through ASR, quarterly rewards distributed to stakers based on time-weighted stake. See [Transparency](/user-docs/more/jup-token/transparency).
  </Accordion>

  <Accordion title="Does any value go to equity holders or insiders?">
    No. There are no advisory payments to insiders, and no profit flows to founders or equity holders. All team compensation comes from the team token allocation and is subject to vesting. See [Transparency](/user-docs/more/jup-token/transparency).
  </Accordion>

  <Accordion title="How are team tokens vested?">
    All team members are on a 1-year cliff followed by 3 years of linear vesting. Tokens vest onchain and can be viewed on [Jupiter Lock](https://lock.jup.ag/). Locked tokens cannot earn ASR. See [Tokenomics](/user-docs/more/jup-token/tokenomics).
  </Accordion>

  <Accordion title="Where can I check the current supply and unlock schedule?">
    The unlock schedule is available on [CoinMarketCap](https://coinmarketcap.com/currencies/jupiter-ag/#token_unlocks). Unissued token wallets are reviewed every \~6 months in community audits. The latest is the [February 2025 audit](https://discuss.jup.ag/t/jup-community-audit-feb-2025/34764).
  </Accordion>

  <Accordion title="Has Jupiter done any OTC sales or discounted market maker deals?">
    No. Jupiter has never conducted an OTC sale or made discounted sales to market makers. Details on market maker arrangements are on the [Transparency](/user-docs/more/jup-token/transparency) page.
  </Accordion>

  <Accordion title="What about Meteora? Is it connected to JUP?">
    The co-founders of Jupiter are also the co-founders of Meteora, which is publicly known. However, Meteora's revenue does not flow through Jupiter entities and its balance sheets are kept entirely separate. Meteora may launch its own token in the future.
  </Accordion>
</AccordionGroup>


# JUP Token Overview
Source: https://docs.jup.ag/user-docs/more/jup-token/index

Contract address, affiliated tokens, and where to trade JUP.

## What is JUP

JUP is the governance token of the Jupiter protocol on Solana. Holders can stake JUP to participate in the Jupiter DAO, vote on governance proposals, and earn Active Staking Rewards (ASR).

JUP does not entitle holders to a direct share of protocol fees. However, 50% of Jupiter's onchain revenue is used to programmatically purchase JUP through the Litterbox Trust, which operates as a long-term strategic reserve. See [Transparency](/user-docs/more/jup-token/transparency) for details on revenue allocation and value accrual.

## Contract address

<Tip>
  Always verify the token address before trading. The Jupiter team has no tokens other than those listed on this page.
</Tip>

```
JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN
```

## Affiliated tokens

Jupiter issues several product-specific tokens alongside JUP. These are receipt or utility tokens tied to specific Jupiter products. They do not dilute JUP governance or economics.

<CardGroup>
  <Card title="JLP">
    Jupiter Liquidity Provider token.

    `27G8MtK7VtTcCHkpASjSDdkWWYfoqT6ggEuKidVJidD4`
  </Card>

  <Card title="JupSOL">
    Jupiter liquid staked SOL.

    `jupSoLaHXQiZZTSfEWMTRRgpnyFm8f6sZdosWBjx93v`
  </Card>

  <Card title="JupUSD">
    Jupiter yield-bearing stablecoin.

    `JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD`
  </Card>
</CardGroup>

<Note>
  The team may launch additional receipt tokens in the future (e.g. LP position receipts, liquid staked tokens). There are no plans to launch any governance or protocol token that would dilute JUP economics.
</Note>

## Where to trade JUP

JUP can be traded on decentralized exchanges (DEXs) and centralized exchanges (CEXs). On Solana, you can swap JUP directly through [Jupiter](https://jup.ag/tokens/JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN).

<Warning>
  Always verify the token address before executing a trade, whether on a DEX or CEX. Imposter tokens using similar names or tickers exist across platforms.
</Warning>

## Related Pages

* [JUP Tokenomics](/user-docs/more/jup-token/tokenomics) — Allocation, team vesting, supply reduction, and where to track unlocks
* [Transparency](/user-docs/more/jup-token/transparency) — Revenue model, value accrual, and market maker arrangements
* [JUP Token FAQ](/user-docs/more/jup-token/faq) — Contract address, where to get JUP, and other common questions


# JUP Tokenomics
Source: https://docs.jup.ag/user-docs/more/jup-token/tokenomics

JUP token allocation, team vesting on Jupiter Lock, the community-approved supply reduction, and where to track unlocks and circulating supply.

## Initial allocation

Details about the initial allocation of JUP and the original tokenomics structure can be found in [this post from Meow](https://x.com/weremeow/status/1735544950417436806), co-founder of Jupiter.

## Team vesting

All team members are on a standard vesting schedule: 1-year cliff followed by 3 years of linear vesting. Team tokens vest onchain and can be viewed on [Jupiter Lock](https://lock.jup.ag/).

<Warning>
  Locked tokens cannot earn ASR. Team members are only eligible for Active Staking Rewards on tokens that have fully vested and been staked through the governance program.
</Warning>

<Note>
  There are no advisory payments to insiders from the Foundation. All team compensation comes exclusively from the team token allocation and is subject to the vesting schedule described above.
</Note>

## Supply and burns

Jupiter conducted a community-approved supply reduction. Details of the proposal and its rationale are available in the [Supply Reduction Proposal](https://discuss.jup.ag/t/proposal-enhance-certainty-for-jup-holders-and-community-via-a-token-supply-reduction/20919).

The Litterbox Trust, which receives 50% of Jupiter's onchain revenue, has also burned approximately 134 million JUP to date. See [Transparency](/user-docs/more/jup-token/transparency) for more on the Litterbox Trust.

For the current unlock schedule and circulating supply data, see the [JUP unlock schedule on CoinMarketCap](https://coinmarketcap.com/currencies/jupiter-ag/#token_unlocks).

## Token issuance transparency

Jupiter publicly discloses all token issuance events, including minting and airdrops.

<Accordion title="Past issuance disclosures">
  **Jupuary 2024**

  * Announcement: [post from Mei](https://x.com/9yointern/status/1728816741076361659)
  * Airdropped wallets: [full list](https://drive.google.com/file/d/1ayxMQVutULTxEQbRVzY-rVxO_t5-mP5W/view?usp=sharing)

  **Jupuary 2025**

  * Announcement: [post from Kash](https://x.com/kashdhanda/status/1879554632449507360)
  * Airdropped wallets: [full list](https://drive.google.com/file/d/1nKj2MLwG83YVQYs0GMiuSUorl-We7X_B/view?usp=sharing)
</Accordion>

## Unissued token wallets

Unissued token wallets are publicly reviewed approximately every 6 months through community audits. The wallet addresses and full breakdown can be found in the most recent [JUP Community Audit (February 2025)](https://discuss.jup.ag/t/jup-community-audit-feb-2025/34764).

## Future tokens

The Jupiter team will not launch any additional governance or protocol tokens. JUP is and will remain the only governance token for Jupiter.

The team may issue receipt tokens tied to specific products (e.g. LP position receipts, liquid staked tokens) as part of its product suite. These do not dilute JUP economics or governance rights.

<Note>
  The co-founders of Jupiter are also the co-founders of [Meteora](https://meteoraag.medium.com/). Meteora may launch its own token in the future. Meteora's revenue does not flow through Jupiter entities, and its balance sheets are kept entirely separate.
</Note>


# Transparency
Source: https://docs.jup.ag/user-docs/more/jup-token/transparency

Jupiter revenue model, value accrual, market maker arrangements, and key resources.

## Revenue

Jupiter generates revenue from fees across its product suite, including perpetuals, spot swaps, limit orders, DCA, and onchain/offchain liquidity aggregation.

Revenue is split as follows:

* **50% of onchain revenue** is sent to the Litterbox Trust, a non-profit entity with the mandate to accumulate JUP through programmatic onchain purchases.
* **The remaining 50% of onchain revenue**, along with offchain revenue, forms the operational budget of the team. Excess funds go into treasury reserves. This budget is distributed across Foundation and Labs entities.

No profit (revenue net of costs) flows to founders or insiders.

## Litterbox Trust

The Litterbox Trust has been active since February 2025. It receives 50% of all onchain Jupiter revenue and uses it to buy JUP on the open market through automated, programmatic onchain transactions.

The trust functions as a long-term strategic reserve. To date, it has burned approximately 134 million JUP.

<Tip>
  Track the Litterbox Trust wallet on Solscan:
  [`6tZT9AUcQn4iHMH79YZEXSy55kDLQ4VbA3PMtfLVNsFX`](https://solscan.io/account/6tZT9AUcQn4iHMH79YZEXSy55kDLQ4VbA3PMtfLVNsFX)
</Tip>

For more context on the Litterbox Trust's role, see [Meow's overview](https://meow.bio/jup-4.html).

## Value accrual

There is no equity entity within Jupiter's structure. All value generated by Jupiter products accrues to the JUP token and the protocol. There are no present or future plans to return cash flow to equity holders through dividends or share repurchases.

JUP holders do not receive a direct percentage of protocol fees. They benefit indirectly through the Litterbox Trust's programmatic JUP purchases, funded by 50% of onchain revenue, and through ASR rewards distributed quarterly to stakers based on time-weighted stake.

Additional utility for JUP stakers is being explored across the Jupiter product suite. No specific features have been confirmed at this time.

## Related party transactions

Jupiter commits to publicly disclosing all related party transactions within 30 days.

## Market makers and exchange listings

Jupiter has never conducted an OTC sale and has not made any discounted sales to market makers. The team has worked with three market makers:

| Market maker | Tokens | % of supply (at launch) | % of supply (post-burn) | Call options | Term |
| - | - | - | - | - | - |
| Kbit | 6M | 0.06% | 0.086% | 2M tokens | 2 years |
| Wintermute | 15M | 0.15% | 0.214% | 5M tokens | 2 years |
| DWF | 20M | 0.20% | 0.286% | 20M tokens | 2 years |

Jupiter has never directly allocated tokens to centralized exchanges for market making. 10 million tokens were provided to DWF to facilitate listing arrangements independently. Jupiter is not party to any listing agreements.

## Key resources

<Accordion title="View all JUP resources">
  | Resource | Link |
  | - | - |
  | JUP: The Genesis Post | [discuss.jup.ag](https://discuss.jup.ag/t/jup-the-genesis-post/478) |
  | JUP: Minting and Accountability | [discuss.jup.ag](https://discuss.jup.ag/t/jup-minting-and-accountability/464) |
  | JUP Community Audit: July 2024 | [discuss.jup.ag](https://discuss.jup.ag/t/jup-community-audit-jul-2024/20810) |
  | JUP Community Audit: February 2025 | [discuss.jup.ag](https://discuss.jup.ag/t/jup-community-audit-feb-2025/34764) |
  | Supply Reduction Proposal | [discuss.jup.ag](https://discuss.jup.ag/t/proposal-enhance-certainty-for-jup-holders-and-community-via-a-token-supply-reduction/20919) |
  | JUP Unlock Schedule | [CoinMarketCap](https://coinmarketcap.com/currencies/jupiter-ag/#token_unlocks) |
  | JUP Token Holder Update (Q2 2025) | [jup.ag](https://jup.ag/update/q2-2025) |
  | JUP Token Holder Update (Q3 2025) | [jup.ag](https://jup.ag/update/q3-2025) |
  | Case Study: JUP Launch | [Meteora blog](https://meteoraag.medium.com/dlmm-case-study-the-jup-launch-cf1d34d366a9) |
  | Jupiter Dashboard | [Blockworks](https://blockworks.com/analytics/jupiter) |
</Accordion>


# Poker Basics
Source: https://docs.jup.ag/user-docs/more/jupiter-poker

Core poker and action-selling concepts you need to understand before using Jupiter Poker.

Jupiter Poker is a marketplace where you can buy a share of a real poker player's tournament entry. Before using the product, it helps to understand a few poker fundamentals and the specific vocabulary used across the interface. This page is a reference: read it once if you're new to live poker, or come back to it whenever a term is unclear.

If you already know how live poker tournaments work, you can skip to [Jupiter Poker Concepts](/user-docs/more/jupiter-poker#jupiter-poker-concepts).

***

## What Action Selling Is

In live poker, a tournament has a fixed cost to enter, called the **buy-in**. For high-stakes events, this amount can be very large (\$25,000, \$100,000, or more). Many professional players don't want to put up the full buy-in themselves, so they sell **action**: they let other people pay part of their buy-in in exchange for a proportional share of any prize they win.

This practice exists in live poker as a private agreement between a player and their **backers**. It is informal, off-chain, and based on trust. Jupiter Poker brings this practice onchain: every share is represented as a position recorded on Solana, payouts are settled programmatically, and no one needs to trust an intermediary to hold or distribute funds.

The role you play on Jupiter Poker is the **backer** role. You are not the one playing the tournament. You are the one funding a share of a player's entry, and you receive a proportional share of their winnings if they finish in a paying position.

***

## Poker Tournament Concepts

These are general poker terms used across the Jupiter Poker interface and documentation. They are not specific to Jupiter.

<AccordionGroup>
  <Accordion title="Buy-in" icon="ticket">
    The fixed amount of money a player must pay to enter a tournament. For example, a "\$100,000 No-Limit Hold'em Main Event" has a buy-in of \$100,000 per player. The buy-in is paid once, to the casino or tournament operator, before the tournament starts.
  </Accordion>

  <Accordion title="Prize pool" icon="trophy">
    The total amount of money distributed to the top finishers of a tournament. It is built from the buy-ins of all players who entered (minus the casino's fee, where applicable). A bigger field means a bigger prize pool.
  </Accordion>

  <Accordion title="Field" icon="users">
    The total number of players entered in a tournament. The size of the field directly affects the prize pool and the number of paying positions.
  </Accordion>

  <Accordion title="Payout structure" icon="list-ol">
    The breakdown of how the prize pool is distributed among finishing positions. The winner gets the largest share, second place gets less, and so on, down to the lowest paying position. Each tournament publishes its full payout structure before play begins.
  </Accordion>

  <Accordion title="In the money (ITM)">
    <Tooltip>**In the Money**</Tooltip>. A player is "in the money" when they finish in a position that receives a payout. Players who finish outside the paying positions receive nothing.
  </Accordion>

  <Accordion title="Minimum ITM (MIN ITM)">
    <Tooltip>**Minimum In the Money**</Tooltip>. The lowest-paying position in a tournament. For example, in a tournament that pays 11 positions, MIN ITM refers to the 11th-place finisher. This is the smallest payout a player can win while still being in the money.
  </Accordion>

  <Accordion title="To cash" icon="circle-check">
    A verb meaning to finish in the money. "The player cashed" means they finished in a paying position and received a payout. The size of the cash depends on where they finished.
  </Accordion>

  <Accordion title="To bust" icon="circle-xmark">
    A verb meaning to be eliminated from the tournament. A player "busts" when they lose all their chips and are knocked out. If the player busts before reaching the money, they receive no payout, and neither do their backers.
  </Accordion>

  <Accordion title="Bubble" icon="circle">
    The position immediately before the money. The "bubble" is the last player eliminated before payouts begin. Busting on the bubble means finishing one place short of cashing.
  </Accordion>

  <Accordion title="Bounty" icon="crosshairs">
    A prize awarded for eliminating a specific player. In a "bounty" tournament, part of each player's buy-in becomes a bounty on their head. Whoever eliminates them collects it. Bounty payouts are separate from the standard prize pool.
  </Accordion>
</AccordionGroup>

***

## Jupiter Poker Concepts

These terms are specific to how Jupiter Poker is structured. You'll see them in the interface, in this documentation, and in any communication about the product.

<AccordionGroup>
  <Accordion title="Series">
    A poker festival: a set of tournaments organised by the same operator in the same location over a defined period. Triton Super High Roller Series Montenegro 2026 is one series.
  </Accordion>

  <Accordion title="Event">
    A single tournament inside a series. Each event has its own buy-in, format (No-Limit Hold'em, Pot-Limit Omaha, etc.), and prize pool. The "\$100,000 Pot-Limit Omaha Main Event" is one event inside the Triton Montenegro 2026 series.
  </Accordion>

  <Accordion title="Listing">
    One player's offer to sell action for one specific event. If two players are selling action for the same event, that's two separate listings. A listing displays the player, the event, the target raise, the fill progress, and the time remaining.
  </Accordion>

  <Accordion title="Player">
    The poker professional whose entry you can buy a share of. Every player on Jupiter Poker is verified by Triton and Jupiter, with their identity publicly displayed alongside their listing.
  </Accordion>

  <Accordion title="Backer">
    You, when you buy a share of a player's listing. The backer funds part of the player's tournament entry and receives a proportional share of any payout the player wins.
  </Accordion>

  <Accordion title="Staking">
    The act of buying a share of a player's listing on Jupiter Poker. Throughout this documentation, "staking" refers exclusively to this action. It has no relation to Solana staking or to staking JUP for governance.
  </Accordion>

  <Accordion title="Target raise">
    The total USDC amount the player wants to raise from backers for a given listing. This is set by the player and is typically a fraction of the tournament buy-in, not the full buy-in.
  </Accordion>

  <Accordion title="Fill">
    How much of the target raise has been bought by backers, expressed as a percentage. A listing at 64% fill has raised 64% of its target. A listing at 100% fill is fully raised.
  </Accordion>

  <Accordion title="Buy amount">
    The amount of USDC you commit when staking a listing. The buy amount includes Entry Fees: a small portion goes to fees, the remainder funds your position.
  </Accordion>

  <Accordion title="Position">
    Your share of a player's action, recorded onchain after you complete a buy. The position is expressed as a percentage of the player's tournament buy-in and determines your share of any payout.
  </Accordion>

  <Accordion title="% of action">
    The percentage of the player's tournament entry that your position represents. If you hold 1% of action on a player who wins \$100,000, you receive \$1,000 before any settlement-side adjustments.
  </Accordion>

  <Accordion title="Entry Fees">
    The fee Jupiter charges on each buy. The fee is shown explicitly in the buy modal before you confirm.
  </Accordion>

  <Accordion title="Auto-cancel threshold">
    A minimum target raise level a listing must reach by its deadline. If the listing fails to reach this level, the listing is cancelled and every backer is refunded automatically.
  </Accordion>

  <Accordion title="Listing status">
    A label shown on each listing card describing where it stands in its lifecycle. Examples include `RAISING` (open for buys) and `RAISED` (target reached).
  </Accordion>

  <Accordion title="Settlement">
    The process by which the tournament result is recorded onchain and payouts become claimable by backers. Settlement happens after the event ends in real life.
  </Accordion>

  <Accordion title="Claim">
    The action a backer takes to receive their share of a payout after settlement. A claim requires one wallet signature and credits USDC to the backer's account.
  </Accordion>

  <Accordion title="Refund">
    USDC returned to the backer when a listing is cancelled (auto-cancel threshold missed, event cancelled, or other refund-eligible conditions). Refunds are visible in the dashboard alongside claims and stakes.
  </Accordion>
</AccordionGroup>

***

## How a Listing Is Priced

Every listing displays the player's tournament buy-in and the listing's target raise side by side. These are two different numbers.

The **tournament buy-in** is what the player owes to the casino to enter the event. For example, \$100,000 for the No-Limit Hold'em Main Event.

The **target raise** is what the player wants to raise from backers through Jupiter Poker. It is usually a fraction of the buy-in: the player covers the rest themselves.

When you stake a listing, your **buy amount** in USDC translates into a **% of action**: the share of the player's tournament entry that your position represents. The payout you can claim, if the player cashes, is proportional to that percentage.

<Info>
  For the exact math (buy amount → position → % of action → payout), see [How a Listing Is Priced](/user-docs/more/jupiter-poker#how-a-listing-is-priced).
</Info>

***

## Listing Lifecycle in One Line

A listing moves through stages: it opens for buys, fills up (or doesn't), the event is played, and the result is recorded onchain. Backers either claim a payout, hold a losing position, or receive a refund if the listing was cancelled.

The full lifecycle, including each status and the exact rules for refunds and payouts, is described in [Listing Lifecycle in One Line](/user-docs/more/jupiter-poker#listing-lifecycle-in-one-line) above.


# Security
Source: https://docs.jup.ag/user-docs/more/security/index

Independent security audits for Jupiter's onchain programs, with direct links to each audit report.

Jupiter products are onchain programs running on Solana. This page lists the independent security audits performed on them, with a direct link to each report.

A security audit is a point-in-time review by a third party. It lowers risk but does not guarantee that a program is free of bugs or that funds cannot be lost. Review the risk section on each product page before using it.

## Trade

### Swap

<div>
  | Auditor | Scope | Date | Report |
  | - | - | - | - |
  | Sec3 | Swap v3 | August 9, 2022 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/swap-v3-sec3.pdf) |
  | Offside Labs | Swap v6 | April 2024 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/swap-v6-offside-april-2024.pdf) |
  | Offside Labs | Swap v6 | October 2025 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/swap-v6-offside-october-2025.pdf) |
</div>

### Perpetuals

<div>
  | Auditor | Scope | Date | Report |
  | - | - | - | - |
  | Offside Labs | Jupiter Perpetuals | February 2024 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/perpetual-offside.pdf) |
  | OtterSec | Jupiter Perpetuals | 2023 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/perpetual-ottersec.pdf) |
  | Sec3 | Jupiter Perpetuals | January 17, 2024 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/perpetual-sec3.pdf) |
</div>

### Limit Order

<div>
  | Auditor | Scope | Date | Report |
  | - | - | - | - |
  | Offside Labs | Limit Order v2 | April 2024 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/limit-v2-offside.pdf) |
</div>

## Earn

### JLP

JLP is the liquidity pool that backs Jupiter Perpetuals. It runs on the same program, so it is covered by the [Perpetuals audits](#perpetuals) listed above.

### Lend

<div>
  | Auditor | Scope | Date | Report |
  | - | - | - | - |
  | Offside Labs | Liquidity layer | July 2025 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/lend-liquidity-offside.pdf) |
  | Offside Labs | Oracle and flash loan | October 2025 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/lend-oracle-and-flashloan-offside.pdf) |
  | Offside Labs | Vault | August 2025 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/lend-vault-offside.pdf) |
  | MixBytes | Vault | October 2025 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/lend-vault-mixbytes.pdf) |
  | OtterSec | Lending | November 2025 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/lend-ottersec.pdf) |
  | OtterSec | Liquidity and Vaults | November 2025 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/lend-ottersec-2.pdf) |
  | Zenith | Jupiter Lend | July 2025 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/lend-zenith.pdf) |
</div>

### Offerbook

<div>
  | Auditor | Scope | Date | Report |
  | - | - | - | - |
  | Cantina | Offerbook | May 21, 2026 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/offerbook-cantina-may-2026.pdf) |
  | Guardian | Offerbook | July 31, 2026 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/Offerbook-Guardian-Report-july-2026.pdf) |
</div>

### JupUSD

<div>
  | Auditor | Scope | Date | Report |
  | - | - | - | - |
  | Offside Labs | JupUSD | December 2025 | [View report](https://jupusd.money/homepage/audits/offsidelabs.pdf) |
  | Guardian | JupUSD | December 25, 2025 | [View report](https://jupusd.money/homepage/audits/guardian.pdf) |
  | Pashov | JupUSD | December 10–17, 2025 | [View report](https://jupusd.money/homepage/audits/pashov.pdf) |
</div>

## More

### DAO

<div>
  | Auditor | Scope | Date | Report |
  | - | - | - | - |
  | Offside Labs | Jupiter DAO | March 2024 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/dao-offside.pdf) |
</div>

### Lock

<div>
  | Auditor | Scope | Date | Report |
  | - | - | - | - |
  | OtterSec | Jupiter Lock | August 15, 2024 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/lock-ottersec.pdf) |
  | Sec3 | Jupiter Lock | August 5, 2024 | [View report](https://github.com/jup-ag/docs/blob/main/static/files/audits/lock-sec3.pdf) |
</div>

## Third-party and shared programs

Some Jupiter features rely on external Solana programs that are audited by their own maintainers, not by Jupiter. They are listed here for completeness, with links to the canonical reports:

* **JupSOL** uses the SPL Stake Pool Program. See [Sanctum's audit reports](https://learn.sanctum.so/docs/technical-documentation/sanctum-lsts#security).
* **Native staking** uses the Solana Foundation Single Pool Program. See [its audit reports](https://github.com/solana-program/single-pool/tree/main?tab=readme-ov-file#security-audits).


# Bridge & Swap
Source: https://docs.jup.ag/user-docs/onramp/deposit/bridges

Bridge & swap moves tokens to Solana from 11 networks, comparing GUM Universal Bridge, GUM Universal Deposit and deBridge routes ranked by delivered amount.

## Overview

Bridge & Swap moves crypto assets from other blockchains to Solana. It is the **Bridge & swap** tab of [jup.ag/deposit](https://jup.ag/deposit), also reachable at [jup.ag/deposit/bridge](https://jup.ag/deposit/bridge). For your token and networks, it compares the available routes from **GUM** (Universal Bridge and Universal Deposit) and **deBridge** side by side, with the estimated delivered amount shown per route. Routes are ranked by that estimate, and the best one is marked with a **Best** badge showing the difference in percent. Routes that cannot fill the transfer are listed as **Unavailable**.

| Detail | Value |
| - | - |
| **Networks** | Solana, Ethereum, Base, Arbitrum, Sui, BNB Chain, Robinhood Chain, Optimism, Polygon, Avalanche, Linea (11 networks) |
| **Tokens** | Any supported token with available liquidity on the source network; depends on the route |
| **Output** | Native Solana-compatible tokens (no wrapped tokens) |
| **Routes compared** | GUM Universal Bridge, GUM Universal Deposit, deBridge |
| **Jupiter fees** | None (each route's own fees are shown in the comparison) |

<Note>
  The former standalone USDC Bridge page (Wormhole + Circle CCTP) has been folded into this page; its old URL redirects here. See [USDC and Circle CCTP](#usdc-and-circle-cctp).
</Note>

***

## Bridge routes

* **GUM Universal Bridge** (formerly shown as Universal Swap) — bridges a token cross-chain and swaps it into the destination asset in one flow.
* **deBridge** — an intent-based cross-chain interoperability protocol (detailed below).
* **GUM Universal Deposit** — the same mechanism as [Universal Deposit](/user-docs/onramp/deposit/universal-deposit): the tokens are sent to a deposit address and arrive on Solana as USDC. Typically the best route for stablecoin transfers such as USDC to USDC. The same route also covers the outbound direction: USDC from Solana to Ethereum, Base, Arbitrum, Sui, or BNB Chain, with a flat \$0.30 fee.

The routes available for a given transfer depend on the token and the source network. Routes that cannot fill it are listed as **Unavailable**, and if your amount is below a route's minimum the app says so (for example, \$10 per bridge for USDC from Ethereum).

## How deBridge works

deBridge uses a 0-TVL (zero total value locked) architecture. Unlike traditional bridges that rely on liquidity pools where user funds are locked in smart contracts, deBridge uses an intent-based system where external solvers fulfill orders in real time. No user funds are stored in pools that could be targeted by exploits.

This means:

* **No wrapped tokens.** You receive native assets on Solana, not synthetic or wrapped versions.
* **No pooled liquidity risk.** There is no pool of locked funds that could be exploited.
* **Market-dependent rates.** The exchange rate depends on available liquidity at the time of the transaction.

<Note>
  Jupiter does not operate the routes. Each provider handles its own cross-chain logic, routing, and settlement. Jupiter provides the interface and the comparison.
</Note>

***

## Supported networks

Bridge & Swap lets you pick a source network among the following 11. EVM chains are blockchains compatible with the Ethereum Virtual Machine (such as Ethereum, Polygon, and BNB Chain). L2 (Layer 2) chains are scaling solutions built on top of Ethereum (such as Arbitrum, Optimism, and Base). Not every route is available for every network and token; the comparison only lists routes that can fill your transfer (for example, there is no route between BNB Chain and Robinhood Chain).

| Network | Type |
| - | - |
| Solana | Non-EVM |
| Ethereum | EVM |
| Base | EVM (L2) |
| Arbitrum | EVM (L2) |
| Sui | Non-EVM |
| BNB Chain | EVM |
| Robinhood Chain | EVM (L2) |
| Optimism | EVM (L2) |
| Polygon | EVM |
| Avalanche | EVM |
| Linea | EVM (L2) |

<Note>
  Solana appears as both a source and destination network. Bridging *from* Solana is supported too — Universal Deposit carries USDC out to Ethereum, Base, Arbitrum, Sui, or BNB Chain — although the primary Deposit use case is bridging *to* Solana.
</Note>

***

## Supported tokens

Routes support a large number of tokens on each source network. The token selector is searchable by **name** or **contract address**, and shows the most common tokens for the selected network first (for example ETH, USDC, and USDT on Ethereum). Available tokens include major assets (ETH, USDC, USDT, WETH, DAI) and smaller tokens (PEPE, SPX6900, and others), depending on available liquidity on the source network.

The tokens you can receive on Solana depend on the route and available liquidity.

***

## How to bridge

<Steps>
  <Step title="Connect your Solana wallet">
    Connect your Solana wallet to Jupiter. This is the destination wallet by default.
  </Step>

  <Step title="Open Bridge & swap">
    Go to [jup.ag/deposit/bridge](https://jup.ag/deposit/bridge), or open the **Bridge & swap** tab on the [Deposit page](/user-docs/onramp/deposit).
  </Step>

  <Step title="Select the source network and token">
    In the **Sell** section, open the token selector. The **Select origin token** window lists the networks on the left (popular networks first, then all networks) and the tokens for the selected network on the right. Pick the network and token you want to bridge, then enter the amount.
  </Step>

  <Step title="Select the destination token">
    In the **Buy** section, select the token you want to receive on Solana. The estimated output is calculated automatically.
  </Step>

  <Step title="Choose a route">
    The **Route** list shows the routes that can fill your transfer, with the **Estimate** of what each one delivers. Routes are ranked by that estimate; the best one is selected and marked **Best** with the difference in percent. Select another route if you prefer it.
  </Step>

  <Step title="Review the transaction details">
    Before confirming, review the amounts shown for the selected route. For deBridge routes, the widget also displays:

    * The **exchange rate** between source and destination tokens
    * The **estimated fees** (gas on the source network + protocol fee)
    * The **ETA** (estimated time of arrival)
    * The **price impact** percentage
  </Step>

  <Step title="Connect your source wallet">
    Click **Bridge with \[route name]**, then connect the wallet on the source network (for example, MetaMask for Ethereum). This is separate from your Solana wallet.
  </Step>

  <Step title="Confirm and sign">
    Confirm the transaction and sign it in your source wallet. The route provider processes the transfer.
  </Step>
</Steps>

***

## Additional features

<Accordion title="deBridge route: send to a different Solana address">
  The deBridge widget includes a **"Trade and Send to Another Address"** option. When enabled, you can enter a different Solana address as the destination instead of your connected wallet. This is useful for bridging on behalf of another wallet.
</Accordion>

<Accordion title="deBridge route: settings and routing">
  The widget includes a **settings panel** (gear icon) where you can adjust source chain parameters, including gas fee preferences. A **Routing** section (expandable at the bottom of the widget) shows details about the route deBridge is using for the transaction.
</Accordion>

***

## Fees

| Fee type | Charged by | Details |
| - | - | - |
| Gas fee (source network) | Source blockchain network | Required to execute the transaction on the source network. Amount depends on the network and congestion. |
| Route fee | Route provider (GUM or deBridge) | Each route's fee is reflected in its estimated delivered amount in the comparison. |
| Jupiter fee | Jupiter | **None** |

All fees are displayed before you confirm.

***

## Transaction speed

Each route displays an estimated time of arrival (ETA) before you confirm. Actual settlement time depends on source network finality (the point at which a transaction is considered irreversible on the source blockchain) and network conditions.

***

## USDC and Circle CCTP

The former standalone USDC Bridge used Circle's Cross-Chain Transfer Protocol (CCTP), with Wormhole relaying the cross-chain messages. CCTP moves USDC between blockchains through a burn-and-mint process: the USDC is burned (permanently destroyed) on the source chain, Circle attests that the burn occurred, and an equivalent amount of **native USDC** is minted on Solana and delivered to the destination wallet.

This mechanism has three properties:

* **Native USDC.** The USDC received on Solana is issued by Circle, not a wrapped or bridged version.
* **1:1 transfer.** There is no slippage, no exchange rate, and no liquidity pool dependency.
* **Constant supply.** The total USDC supply stays constant across chains (burned on one, minted on another).

The only costs are gas fees on the source chain (for the burn) and on Solana (for the mint). Transfer time depends on the source chain reaching finality, followed by a waiting period for Circle's attestation.

<Note>
  The USDC Bridge page has been retired. For USDC transfers, use Bridge & Swap and compare the routes offered for your networks, or send USDC through [Universal Deposit](/user-docs/onramp/deposit/universal-deposit) from a supported network.
</Note>

***

## Risks and limitations

<Warning>
  **Third-party service.** Each route is operated by its provider (GUM or deBridge). Jupiter provides the interface but does not control the bridging process. For failed or stuck transactions, contact the provider of the route you used.
</Warning>

<Warning>
  **Exchange rate variability.** The estimate shown for a route is not final. The delivered amount may differ due to market movement between the quote and execution.
</Warning>

<Warning>
  **Gas requirements.** You need sufficient gas tokens on the source network (for example, ETH on Ethereum) to pay for the transaction. Without gas, the transaction will fail.
</Warning>

<Warning>
  **Price impact.** Large transfers may have significant price impact. Review the estimated delivered amount carefully for large amounts; deBridge routes also display the impact percentage before confirmation.
</Warning>

<Warning>
  **Smart contract risk.** As with any bridge protocol, there is inherent risk associated with the smart contracts involved. Audits reduce but do not eliminate this risk.
</Warning>

<Danger>
  **Never send tokens from another network directly to your Solana address.** Use a Bridge & swap route, or a [Universal Deposit](/user-docs/onramp/deposit/universal-deposit) address generated for that specific network. Sending tokens from an Ethereum (ERC-20), BNB Chain (BEP-20), or other non-Solana wallet straight to a Solana address (without going through one of these) will result in **permanent, unrecoverable loss of funds**. Solana uses the SPL token standard, which is not compatible with EVM token standards.
</Danger>

<Note>
  Having issues with Bridge & Swap? See the [Deposit FAQ](/user-docs/onramp/deposit/faq#bridge-and-swap) for troubleshooting and support contacts.
</Note>


# Buy with a card
Source: https://docs.jup.ag/user-docs/onramp/deposit/buy-crypto

Buy SOL or USDC with a card, Apple Pay, Google Pay, bank transfer, or other local payment methods and receive them in your Solana wallet. Powered by Onramper.

## Overview

Buy with a card lets you purchase **SOL** or **USDC** with fiat currency (such as USD, EUR, or other local currencies) and receive the tokens directly in your connected Solana wallet.

The service is powered by <Tooltip>Onramper</Tooltip>, a fiat-to-crypto aggregator integrated into the Jupiter interface at [jup.ag/deposit/onramp](https://jup.ag/deposit/onramp). Onramper compares prices across multiple payment processors in real time and routes your purchase to the best available option.

| Detail | Value |
| - | - |
| **Tokens available** | SOL, USDC |
| **Input** | Fiat currency (USD, EUR, and other local currencies) |
| **Provider** | Onramper (fiat-to-crypto aggregator) |
| **Jupiter fees** | None |
| **KYC** | May be required, handled by the payment processor |

***

## How it works

When you initiate a purchase, Onramper compares prices across multiple payment processors (third-party services that handle fiat-to-crypto transactions, such as Revolut, Stripe, Banxa, and Topper) in real time and selects the best option based on:

* Your **region** (country and local regulations)
* The **amount** you want to spend
* Your preferred **payment method**

The selected processor handles the payment, identity verification (if required), and token delivery to your wallet.

**Jupiter does not charge any additional fees.** The fees you see come entirely from the payment processor selected by Onramper.

***

## Supported tokens

| Token | Description |
| - | - |
| **SOL** | Native token of the Solana blockchain. Required for paying transaction fees on Solana. |
| **USDC** | USD-pegged stablecoin issued by Circle, native on Solana. |

***

## Payment methods

The available payment methods depend on your region. Onramper dynamically displays the options available to you.

<Tabs>
  <Tab title="Cards and digital wallets">
    * Credit Card
    * Debit Card
    * Apple Pay
    * Google Pay
    * Revolut Pay
    * PayPal
    * Skrill
  </Tab>

  <Tab title="Bank transfers">
    * SEPA Bank Transfer
    * SEPA Instant
    * Sofort
    * Bancontact
    * Dutch Instant Bank Transfer
    * Open Banking
    * Bank (generic)
  </Tab>
</Tabs>

<Note>
  This list reflects methods observed in the EU region and is not exhaustive. Onramper selects and displays methods based on your location and the processor handling your transaction. Availability varies by country.
</Note>

***

## Payment processors

Onramper routes transactions to multiple processors. Known processors include **Revolut**, **Stripe**, **Banxa**, and **Topper**, among others.

The processor selected for your transaction depends on your region, payment method, and purchase amount. The processor name is displayed in the interface before you confirm (for example, "By Revolut").

***

## How to buy crypto

<Steps>
  <Step title="Connect your Solana wallet">
    Connect your Solana wallet to Jupiter. The purchased tokens will be sent to this wallet.
  </Step>

  <Step title="Open Buy with a card">
    Go to [jup.ag/deposit/onramp](https://jup.ag/deposit/onramp), or select **Buy with a card** under **More ways to deposit** on the [Deposit page](/user-docs/onramp/deposit).
  </Step>

  <Step title="Enter your amount and currency">
    In the **"You spend"** field, enter the fiat amount and select your local currency from the dropdown (for example, EUR or USD).
  </Step>

  <Step title="Select the token to receive">
    In the **"You receive"** field, select either **SOL** or **USDC**.
  </Step>

  <Step title="Review the quote">
    Onramper searches for the best price. Once ready, you will see:

    * The amount of tokens you will receive
    * The exchange rate (for example, "1 SOL ≈ 83.05 EUR")
    * The processor handling the transaction
  </Step>

  <Step title="Select a payment method">
    Open the payment method selector. Onramper may recommend a method for your region (marked as "Recommended").
  </Step>

  <Step title="Complete the purchase">
    Click the buy button. Depending on the processor, you may be redirected to the processor's website or app to complete payment and identity verification.
  </Step>
</Steps>

***

## Fees

| Fee type | Charged by | Details |
| - | - | - |
| Processing fee | Payment processor (Revolut, Banxa, Topper, Stripe, etc.) | Varies by processor, region, and payment method |
| Jupiter fee | Jupiter | **None** |

The total cost, including processor fees, is reflected in the exchange rate and the token amount shown in the **"You receive"** field. Review this amount before confirming.

***

## KYC (Identity verification)

Some payment processors require KYC (Know Your Customer) verification before processing your first purchase. <Tooltip>KYC</Tooltip> is an identity verification process required by financial regulations and typically involves providing ID documents. This is handled entirely by the processor, not by Jupiter. Requirements vary by processor and region.

***

## Risks and limitations

<Warning>
  **Regional availability.** Not all payment methods and processors are available in all countries or regions. If no processor is available for your location, you will not be able to use Buy with a card.
</Warning>

<Warning>
  **Processing delays.** Transactions may take time depending on the payment method and the processor. Bank transfers are typically slower than card payments.
</Warning>

<Warning>
  **Third-party service.** Buy with a card is operated by Onramper and the underlying payment processors. Jupiter does not control the service. In case of payment issues, delays, or failed transactions, contact the payment processor's support directly.
</Warning>

<Warning>
  **Exchange rate fluctuations.** The rate shown at the time of the quote may differ slightly from the final rate at the time the transaction is processed, depending on market conditions and the processor.
</Warning>

<Note>
  Having issues with Buy with a card? See the [Deposit FAQ](/user-docs/onramp/deposit/faq#buy-with-a-card) for troubleshooting and support contacts.
</Note>


# Deposit FAQ
Source: https://docs.jup.ag/user-docs/onramp/deposit/faq

Frequently asked questions about Jupiter Deposit: Universal Deposit, Bridge & Swap, Buy with a card, and Send from an exchange.

## General

<Accordion title="How do I deposit crypto to Solana?">
  Jupiter offers 4 ways to fund your Solana wallet: use [Universal Deposit](/user-docs/onramp/deposit/universal-deposit), move tokens across networks with [Bridge & Swap](/user-docs/onramp/deposit/bridges), [buy crypto with a card](/user-docs/onramp/deposit/buy-crypto), or [send crypto from a supported exchange](/user-docs/onramp/deposit/send-from-exchange).
</Accordion>

<Accordion title="Which networks can I deposit from?">
  Bridge & Swap supports Solana, Ethereum, Base, Arbitrum, Sui, BNB Chain, Robinhood Chain, Optimism, Polygon, Avalanche, and Linea. Universal Deposit supports Solana, Ethereum, Base, Arbitrum, Sui, BNB Chain, and Robinhood Chain.
</Accordion>

<Accordion title="Can I deposit from an exchange or buy with a card?">
  Yes. Use [Send from an exchange](/user-docs/onramp/deposit/send-from-exchange) to bridge supported tokens onchain from Binance, Coinbase or Uphold to your Jupiter Wallet, or [Buy with a card](/user-docs/onramp/deposit/buy-crypto) to pay with Apple Pay, Google Pay, or your preferred supported payment method.
</Accordion>

<Accordion title="Does Jupiter charge fees for deposits?">
  No. Jupiter does not add fees on top of any Deposit method. The costs you pay are network gas and third-party fees: the slippage shown for Universal Deposit (max 0.5%), the route fee shown in the Bridge & Swap comparison, payment processor fees (Buy with a card), and exchange withdrawal fees (Send from an exchange).
</Accordion>

<Accordion title="Who operates these services?">
  Each method relies on a different provider:

  | Method | Provider |
  | - | - |
  | Universal Deposit | Jupiter interface; cross-chain routing by third-party infrastructure |
  | Bridge & Swap | Route providers: GUM (Universal Bridge, Universal Deposit), [deBridge](https://debridge.com/) |
  | Buy with a card | [Onramper](https://www.onramper.com/) (aggregates processors like Revolut, Stripe, Banxa, Topper) |
  | Send from an exchange | [Mesh](https://www.meshpay.com/) |

  Jupiter provides the interface but does not control the underlying services.
</Accordion>

<Accordion title="Which method should I use?">
  It depends on where your funds currently are:

  * **Crypto on a supported network, to send to an address:** [Universal Deposit](/user-docs/onramp/deposit/universal-deposit)
  * **Tokens on another blockchain, when you want to choose what you receive:** [Bridge & Swap](/user-docs/onramp/deposit/bridges)
  * **Fiat currency (bank, card):** [Buy with a card](/user-docs/onramp/deposit/buy-crypto)
  * **Crypto on Binance, Coinbase, or Uphold:** [Send from an exchange](/user-docs/onramp/deposit/send-from-exchange)
</Accordion>

<Accordion title="Do I need a Solana wallet to use Deposit?">
  Yes. All Deposit methods require a Solana wallet connected to Jupiter. If you do not have one, you can create one through [Jupiter Mobile or the Wallet extension](/user-docs/global/mobile/managing-wallets#creating-a-wallet).
</Accordion>

<Accordion title="Can I withdraw fiat (cash out) through Deposit?">
  No. Jupiter Deposit is designed for moving funds **onto** Solana, not off it. There is no native fiat off-ramp (crypto-to-bank withdrawal) in Deposit.

  If you want to spend or access your funds in fiat, you have two options:

  * **Spend directly in fiat:** Use [Jupiter Spend](/user-docs/global/spend) and the Jupiter Card (Visa) to spend your USDC balance at any merchant accepting Visa. Jupiter Spend also supports bank withdrawals and fiat transfers in supported regions.
  * **Cash out to a bank account:** Transfer your tokens to a centralized exchange (such as Binance or Coinbase) using the exchange's deposit address, then sell to fiat and withdraw to your bank account. This process happens entirely on the exchange, not on Jupiter.
</Accordion>

***

## Universal Deposit

<Accordion title="What happens if I send less than the minimum deposit?">
  Deposits below the displayed minimum accumulate until the minimum is reached. Check the minimum amount shown for the selected network before sending funds.
</Accordion>

<Accordion title="Which token do I receive?">
  Funds sent on Solana arrive as the token you sent. Funds sent from any other network arrive in your Solana wallet as **USDC**.
</Accordion>

<Accordion title="Where do I find my deposit address?">
  In the **Deposit crypto** tab of [jup.ag/deposit](https://jup.ag/deposit), select the network you are sending from: the QR code and address shown are for that network. The same network-specific addresses are available from the Receive view in [Jupiter Mobile](/user-docs/global/mobile/funding-and-sending#depositing-funds) and the [Jupiter Wallet extension](/user-docs/manage/extension-wallet/sending-and-receiving#receiving-from-other-networks).
</Accordion>

***

## Buy with a card

<Accordion title="I have a payment or KYC issue">
  Payment and identity verification are handled by the payment processor (Revolut, Banxa, Topper, Stripe, etc.), not by Jupiter. Contact the processor directly. The processor name is displayed in the interface during the purchase flow (for example, "By Revolut").
</Accordion>

<Accordion title="My tokens have not arrived after purchase">
  Processing times vary by payment method and processor. Bank transfers may take several hours. If tokens have not arrived after a reasonable period, contact the payment processor's support. Transaction status is usually available in the processor's confirmation email or portal.
</Accordion>

<Accordion title="Why are the available payment methods different from what I expected?">
  Onramper dynamically selects payment methods based on your region, the amount you are purchasing, and the available processors. Not all methods are available in all countries. If you do not see a specific method, it is likely not supported in your location.
</Accordion>

<Accordion title="Can I buy tokens other than SOL and USDC?">
  No. Buy with a card currently supports only **SOL** and **USDC**. To acquire other Solana tokens, first purchase SOL or USDC, then use [Jupiter Swap](/user-docs/trade/spot/index) to exchange them.
</Accordion>

***

## Send from an exchange

<Accordion title="I have an issue with the exchange-link window or login">
  Contact [Mesh support](https://www.meshpay.com/). Jupiter does not have access to your exchange credentials and cannot troubleshoot exchange login issues. Make sure pop-ups are allowed in your browser, as the exchange-link flow opens in a separate window.
</Accordion>

<Accordion title="My withdrawal is delayed or stuck on the exchange side">
  Contact your exchange's support ([Binance](https://www.binance.com/en/support), [Coinbase](https://help.coinbase.com/), or Uphold). Withdrawal processing times are determined by the exchange and are outside of Jupiter's and Mesh's control.
</Accordion>

<Accordion title="I sent funds to the wrong network (BEP-20, ERC-20, etc. instead of Solana)">
  This is a common and serious issue. If you sent crypto using a non-Solana standard such as **BEP-20** (BNB Chain), **ERC-20** (Ethereum), or any other non-Solana network when withdrawing from an exchange to a Solana address, the funds are typically **not recoverable**.

  **Why it happens:** Solana uses the SPL token standard, which is not compatible with EVM-based standards like ERC-20 or BEP-20. Even if the destination address looks valid on the exchange's interface, the tokens cannot be received on Solana if sent on the wrong network.

  **What to do:** Contact your exchange's support immediately with your transaction hash. Some exchanges may be able to recover funds in specific cases (typically for a fee), but this is not guaranteed and depends on the exchange's internal procedures. Jupiter cannot recover funds sent on the wrong network.

  **How to prevent this:** When withdrawing from an exchange to a Solana wallet, always select **Solana (SPL)** as the network, never ERC-20, BEP-20, or any other option.
</Accordion>

<Accordion title="Is the Mesh connection safe? Does it store my credentials?">
  Mesh establishes a secure, temporary connection to your exchange account through an exchange-link window. It handles authentication within the session and does not store your login credentials. The connection is used only to initiate the withdrawal.
</Accordion>

<Accordion title="Can I send from exchanges other than Binance, Coinbase, and Uphold?">
  No. Send from an exchange currently supports only **Binance**, **Coinbase**, and **Uphold**. If you hold funds on another exchange, you can withdraw manually to your Solana wallet address using the exchange's own withdrawal feature, or use the **Standard deposit** option to display your address.
</Accordion>

***

## Bridge and Swap

<Accordion title="What are the routes shown in Bridge & swap?">
  The comparison lists **GUM Universal Bridge**, **GUM Universal Deposit** (the same mechanism as Universal Deposit, arriving as USDC), and **deBridge**. Routes that cannot fill your transfer are shown as Unavailable. See [Bridge routes](/user-docs/onramp/deposit/bridges#bridge-routes).
</Accordion>

<Accordion title="What does the Best badge mean?">
  Routes are ranked by their estimated delivered amount. The route with the highest estimate is selected by default and marked **Best**, with the difference in percent compared to the next route. You can select another route before continuing.
</Accordion>

<Accordion title="My bridge transaction is stuck or failed">
  Contact the provider of the route you used. For deBridge routes, use the **Support** link at the bottom of the widget. Provide your transaction hash from the source network so they can investigate.
</Accordion>

<Accordion title="I received less than expected">
  The estimate shown for a route is market-dependent and may shift between the quote and execution. Large transactions may also incur higher price impact. Review the estimated delivered amount before you confirm; deBridge routes also display the impact percentage.
</Accordion>

<Accordion title="Do I need gas on the source network?">
  Yes. You need sufficient gas tokens on the source network (for example, ETH on Ethereum, BNB on BNB Chain) to pay for the source-network transaction. Without gas, the transaction will not execute.
</Accordion>

<Accordion title="Can I bridge from Solana to another network?">
  Some routes support Solana as a source network, allowing transfers from Solana to other supported networks, although the primary Deposit use case is bridging *to* Solana. The comparison only lists routes that can fill the transfer you set up.
</Accordion>

<Accordion title="What happened to the USDC Bridge (Circle CCTP)?">
  The standalone USDC Bridge page has been retired and its URL redirects to Bridge & Swap. For USDC, compare the routes offered for your networks, or use Universal Deposit from a supported network. See [USDC and Circle CCTP](/user-docs/onramp/deposit/bridges#usdc-and-circle-cctp) for how that mechanism worked.
</Accordion>

***

## Troubleshooting

<Accordion title="The widget or page is not loading">
  Contact [Jupiter Support](https://support.jup.ag) for interface-related issues. This applies to all Deposit methods.
</Accordion>

<Accordion title="I see an error I do not understand">
  Take a screenshot of the error and contact the relevant provider's support (see the table in "Who operates these services?" above). For general Jupiter UI errors, contact [Jupiter Support](https://support.jup.ag).
</Accordion>


# Deposit Overview
Source: https://docs.jup.ag/user-docs/onramp/deposit/index

Get your funds onto Solana through Jupiter Deposit: deposit crypto from supported networks, bridge and swap, buy with a card, or send from an exchange.

Jupiter Deposit is the set of tools at [jup.ag/deposit](https://jup.ag/deposit) for moving funds onto the Solana blockchain. Whether you hold crypto on another network, on a centralized exchange (CEX), or only have fiat currency, Deposit provides a path to get it into your Solana wallet. Deposit was previously named Onboard; links to the old documentation pages redirect here.

<Note>
  Jupiter does not add fees on top of the Deposit methods. Third-party provider fees, network gas and, for Universal Deposit, the minimum amount, maximum slippage, and estimated processing time are shown per network before you deposit.
</Note>

***

## Choose a deposit method

<CardGroup>
  <Card title="Universal Deposit" icon="qrcode" href="/user-docs/onramp/deposit/universal-deposit">
    **Have crypto on Solana, Ethereum, Base, Arbitrum, Sui, BNB Chain, or Robinhood Chain**

    Pick a network, send to the address shown, and receive the funds in your Solana wallet. Cross-chain deposits arrive as USDC. No source wallet to connect.
  </Card>

  <Card title="Bridge & Swap" icon="bridge" href="/user-docs/onramp/deposit/bridges">
    **Have tokens on another blockchain**

    Compare the available routes across 11 networks, ranked by estimated delivered amount, and choose the one to execute.

    <Badge>Routes from GUM Universal Bridge, GUM Universal Deposit, and deBridge</Badge>
  </Card>

  <Card title="Buy with a card" icon="credit-card" href="/user-docs/onramp/deposit/buy-crypto">
    **Starting from fiat currency (USD, EUR, etc.)**

    Purchase SOL or USDC with a card, Apple Pay, Google Pay, bank transfer, and other local payment methods.

    <Badge>Powered by Onramper</Badge>
  </Card>

  <Card title="Send from an exchange" icon="building-columns" href="/user-docs/onramp/deposit/send-from-exchange">
    **Have crypto on Binance, Coinbase, or Uphold**

    Connect your exchange account and send crypto directly to your Solana wallet, or send it yourself to your wallet address.

    <Badge>Powered by Mesh</Badge>
  </Card>
</CardGroup>

***

## Which method should I use?

| Your situation | Recommended method | Why |
| - | - | - |
| You have crypto on Solana, Ethereum, Base, Arbitrum, Sui, BNB Chain, or Robinhood Chain and want to send to an address without connecting a source wallet | [Universal Deposit](/user-docs/onramp/deposit/universal-deposit) | A network-specific address and QR code; cross-chain deposits arrive as USDC |
| You have tokens (ETH, BNB, USDC, USDT, etc.) on another chain and want to choose what you receive | [Bridge & Swap](/user-docs/onramp/deposit/bridges) | Compares the available routes side by side, with estimated output and fees, before you choose |
| You have fiat currency (bank account, card) and no crypto | [Buy with a card](/user-docs/onramp/deposit/buy-crypto) | Converts fiat directly to SOL or USDC on Solana |
| You have crypto on Binance, Coinbase, or Uphold | [Send from an exchange](/user-docs/onramp/deposit/send-from-exchange) | Sends crypto from your exchange account to your Solana wallet |

***

## Prerequisites

All Deposit methods require a **Solana wallet** connected to Jupiter. If you do not have one yet, you can create one through [Jupiter Mobile](/user-docs/global/mobile) or the [Jupiter Wallet browser extension](/user-docs/manage/extension-wallet).

<Card title="Create your first wallet" icon="wallet" href="/user-docs/global/mobile/managing-wallets#creating-a-wallet">
  Set up a Solana wallet to get started on Jupiter.
</Card>

<Note>
  Have questions? Check the [Deposit FAQ](/user-docs/onramp/deposit/faq) for answers about fees, providers, troubleshooting, and more.
</Note>


# Send from an exchange
Source: https://docs.jup.ag/user-docs/onramp/deposit/send-from-exchange

Send crypto from Binance, Coinbase or Uphold to your Solana wallet through Mesh (Secure deposit), or send it yourself to your address (Standard deposit).

## Overview

Send from an exchange lets you move crypto from a <Tooltip>centralized exchange (CEX)</Tooltip> to your connected Solana wallet. A centralized exchange is a platform like Binance, Coinbase, or Uphold where you can buy, sell, and hold crypto, and the exchange holds custody of your funds until you withdraw them.

The tool is powered by <Tooltip>Mesh</Tooltip>, a secure connectivity provider that establishes authenticated connections between Jupiter and your exchange account to initiate withdrawals. It is available at [jup.ag/deposit/cex](https://jup.ag/deposit/cex).

| Detail | Value |
| - | - |
| **Supported exchanges** | Binance, Coinbase, Uphold |
| **Provider** | Mesh |
| **Jupiter fees** | None |
| **Mesh fees** | None |

***

## Supported exchanges

| Exchange | Login method |
| - | - |
| **Binance** | QR code scan via the Binance app, or login with Email/Phone |
| **Coinbase** | Login through the exchange-link window |
| **Uphold** | Redirects to Uphold's website, where you log in and authorize the Mesh connection |

***

## How it works

Send from an exchange offers two paths, shown in the Mesh window as **Secure deposit** (recommended) and **Standard deposit**.

<Tabs>
  <Tab title="Secure deposit (via Mesh)">
    You connect your exchange account through Mesh, and Mesh initiates the withdrawal to your connected Solana wallet. Mesh describes this option as "Deposit from your exchange or wallet".

    <Steps>
      <Step title="Connect your Solana wallet">
        Connect your Solana wallet to Jupiter. The Mesh window shows the connected wallet's shortened address at the top.
      </Step>

      <Step title="Open Send from an exchange">
        Go to [jup.ag/deposit/cex](https://jup.ag/deposit/cex), or select **Send from an exchange** under **More ways to deposit** on the [Deposit page](/user-docs/onramp/deposit). The Mesh window opens with the title **Fund your account**.
      </Step>

      <Step title="Choose Secure deposit">
        Select **Secure deposit**, then pick your exchange (**Binance**, **Coinbase**, or **Uphold**) and log in.

        **Binance:** Scan the QR code with the Binance app, or select "Login with Email/Phone."

        **Coinbase:** Log in through the exchange-link window.

        **Uphold:** You are redirected to Uphold's website. Log in, review the **Authorize application** screen listing what Mesh can access, and select **Authorize** to return to the flow.
      </Step>

      <Step title="Complete the transfer">
        Follow the exchange's prompts to authorize the withdrawal. The destination wallet shown in the exchange flow should match the wallet you connected on the Jupiter page. Complete any required confirmation steps (such as two-factor authentication).
      </Step>
    </Steps>
  </Tab>

  <Tab title="Standard deposit (wallet address)">
    If you prefer not to connect your exchange account, choose **Standard deposit** ("Deposit with a wallet address"). Mesh displays your wallet information so you can complete the withdrawal yourself from your exchange.

    The screen shows:

    * **Token:** The token to send (for example, SOL)
    * **Network:** The network to use (Solana)
    * **QR code:** Scannable QR code of your wallet address
    * **Wallet address:** Your Solana address, with a copy button

    <Steps>
      <Step title="Copy your wallet address">
        Copy the wallet address displayed on screen, or scan the QR code from your exchange app.
      </Step>

      <Step title="Open your exchange">
        Log in to your exchange directly (outside of Jupiter).
      </Step>

      <Step title="Initiate a withdrawal">
        In your exchange's withdrawal or send section:

        1. Paste your Solana wallet address as the destination
        2. Select the correct **token** (for example, SOL)
        3. Select the **Solana network**
        4. Confirm the withdrawal
      </Step>
    </Steps>

    <Danger>
      **Critical: verify the token and network before confirming.**

      Only send the correct token on the **Solana network** (SPL token standard) to this address. Sending a different asset, or selecting a different network such as **Ethereum (ERC-20)**, **BNB Chain (BEP-20)**, or any other non-Solana network, will result in **permanent, unrecoverable loss of funds**.

      Solana addresses look like base58 strings (for example, `cRXuEC...j65vs2`) and are not compatible with Ethereum-style addresses starting with `0x`. If your exchange asks you to choose between Solana, ERC-20, BEP-20, or another network, always select **Solana**.
    </Danger>
  </Tab>
</Tabs>

***

## Fees

| Fee type | Charged by | Details |
| - | - | - |
| Withdrawal fee | The exchange | Each exchange sets its own withdrawal fee. Check the exchange's fee schedule. |
| Mesh fee | Mesh | **None** |
| Jupiter fee | Jupiter | **None** |

***

## Risks and limitations

<Warning>
  **Wrong network or token (Standard deposit).** If you send the funds yourself and select the wrong network or token on the exchange side, the funds will be permanently lost. Always double-check that you are sending the correct token on the **Solana network** (SPL token standard). Do not select **ERC-20** (Ethereum), **BEP-20** (BNB Chain), or any other non-Solana network when withdrawing to a Solana address.
</Warning>

<Warning>
  **Exchange restrictions.** Withdrawals may be subject to limits, delays, or regional restrictions imposed by the exchange. These are outside of Jupiter's control.
</Warning>

<Warning>
  **Two-factor authentication.** Most exchanges require 2FA for withdrawals. Ensure you have access to your 2FA method before initiating the transfer.
</Warning>

<Warning>
  **Third-party service.** The connection is operated by Mesh. Jupiter does not have access to your exchange credentials. Mesh handles authentication within the exchange-link window and does not store your login information.
</Warning>

<Warning>
  **Processing time.** Withdrawal processing depends on the exchange. Some withdrawals are instant; others may take minutes or longer, depending on the exchange's internal processing and network congestion.
</Warning>

<Note>
  Having issues with Send from an exchange? See the [Deposit FAQ](/user-docs/onramp/deposit/faq#send-from-an-exchange) for troubleshooting and support contacts.
</Note>


# Universal Deposit
Source: https://docs.jup.ag/user-docs/onramp/deposit/universal-deposit

Deposit crypto to your Solana wallet from Ethereum, Base, Arbitrum, Sui, BNB Chain or Robinhood Chain; cross-chain deposits arrive as USDC.

## Overview

Universal Deposit is the **Deposit crypto** tab of [jup.ag/deposit](https://jup.ag/deposit). You pick the token and the network you are sending from, and the app shows a QR code and a deposit address for that network, with the minimum deposit, the maximum slippage, and the estimated processing time. Send funds to it from any wallet or exchange on that network, and they arrive in your Solana wallet. There is no source wallet to connect and no route to choose.

| Detail | Value |
| - | - |
| **Networks** | Solana, Ethereum, Base, Arbitrum, Sui, BNB Chain, Robinhood Chain |
| **What you receive** | From Solana: the token you sent. From any other network: **USDC** on Solana |
| **Source** | Any wallet or exchange on the selected network |
| **Minimum deposit** | Shown per network in the app (currently $10 on Ethereum and $3 on every other network); smaller deposits accumulate until the minimum is reached |
| **Max slippage** | 0.5%, shown in the app |
| **Estimated processing time** | Shown in the app (currently about 2 minutes from Ethereum, under 20 seconds from every other network) |
| **Also available in** | The Receive view of the [Jupiter Wallet extension](/user-docs/manage/extension-wallet/sending-and-receiving#receiving-from-other-networks) (same networks) and of [Jupiter Mobile](/user-docs/global/mobile/funding-and-sending#depositing-funds) (Solana, Base, Arbitrum, Sui) |

***

## How it works

Each network in the selector has a deposit address tied to your connected Solana wallet. One `0x` address is shared across the EVM networks (Ethereum, Base, Arbitrum, BNB Chain, Robinhood Chain); Solana and Sui each have their own. The address for a network does not change when you reload the page, so you can save it and reuse it. When you send funds to the address shown for a non-Solana network, they are routed to Solana and delivered to your wallet as USDC. Funds sent on Solana itself arrive as the token you sent.

Deposits are processed once they reach the minimum amount displayed for that network. Below that amount, funds accumulate until the minimum is reached.

The same mechanism appears in the [Bridge & swap](/user-docs/onramp/deposit/bridges#bridge-routes) tab as the **GUM Universal Deposit** route, compared against the other routes for your transfer.

***

## Supported networks

| Network | Type | Preselected token | Arrives on Solana as |
| - | - | - | - |
| Solana | Non-EVM | USDC | The token you sent |
| Ethereum | EVM | USDC | USDC |
| Base | EVM (L2) | USDC | USDC |
| Arbitrum | EVM (L2) | USDC | USDC |
| Sui | Non-EVM | USDC | USDC |
| BNB Chain | EVM | USDT (Binance-Peg) | USDC |
| Robinhood Chain | EVM (L2) | USDG | USDC |

The **Tokens** selector opens on the preselected token for that network and lists the other tokens it accepts; anything you send above the minimum is swapped to USDC on Solana. For routes across more networks, or to choose the token you receive, use [Bridge & Swap](/user-docs/onramp/deposit/bridges).

***

## How to deposit

<Steps>
  <Step title="Connect your Solana wallet">
    Connect your Solana wallet to Jupiter. Deposit addresses are only displayed for a connected wallet.
  </Step>

  <Step title="Open Deposit crypto">
    Go to [jup.ag/deposit](https://jup.ag/deposit). The **Deposit crypto** tab is selected by default.
  </Step>

  <Step title="Select the network you are sending from">
    Open the **Tokens** selector and pick the token you are sending, then the **Chains** selector and pick the network your funds are on. The QR code, address, minimum, and estimated processing time update for that network.
  </Step>

  <Step title="Copy the address or scan the QR code">
    Click **Copy address**, or scan the QR code from the wallet or exchange app you are sending from.
  </Step>

  <Step title="Send from the same network">
    In your wallet or exchange, send the funds to that address **on the network you selected**. Check the minimum amount displayed before sending.
  </Step>

  <Step title="Receive on Solana">
    Once processed, the funds appear in your Solana wallet: the same token if sent on Solana, USDC if sent from another network.
  </Step>
</Steps>

***

## Minimum deposits

Deposits below the displayed minimum accumulate until the minimum is reached. Check the minimum amount shown for the selected network before sending funds. At the time of writing, the minimum is $10 on Ethereum and $3 on every other network; the value shown in the app prevails.

***

## Fees

| Fee type | Charged by | Details |
| - | - | - |
| Gas fee (source network) | Source blockchain network | Paid by the sending wallet or exchange to broadcast the transfer. |
| Conversion slippage | Route | The app shows a **Max slippage** of 0.5% for the conversion to USDC on Solana. No separate deposit fee line is displayed. |

***

## Sending out of Solana (outbound)

Universal Deposit also works in the outbound direction, as one of the routes in [Bridge & Swap](/user-docs/onramp/deposit/bridges): you can send **USDC from Solana** to Ethereum, Base, Arbitrum, Sui, or BNB Chain. Robinhood Chain is deposit-only. The destination address on the target network is validated live before the transfer loads, and the route carries a **flat \$0.30 fee**. Pick the Solana-to-network direction in Bridge & Swap and choose the Universal Deposit route when it appears in the comparison.

## Universal Deposit or Bridge & Swap?

| | Universal Deposit | Bridge & Swap |
| - | - | - |
| **Connect a source wallet** | No, send to an address | Yes, on the source network |
| **Choose the token you receive** | No, USDC for cross-chain deposits | Yes |
| **Networks** | 7 | 11 |
| **Route comparison** | No | Yes, ranked by estimated delivered amount |
| **Best for** | Sending from an exchange or another wallet without connecting it | Moving a specific token, or swapping while bridging |

See [Bridge & Swap](/user-docs/onramp/deposit/bridges) for the route comparison.

***

## Risks and limitations

<Warning>
  **Match the network.** Only send funds on the network the address was displayed for. Sending on a different network than the one selected can result in loss of funds.
</Warning>

<Warning>
  **Cross-chain deposits arrive as USDC.** Funds sent from any network other than Solana are delivered as USDC on Solana, not as the token you sent.
</Warning>

<Warning>
  **Minimum amount.** Deposits below the displayed minimum are held until the total reaches the minimum for that network.
</Warning>

<Warning>
  **Supported tokens only.** Each network accepts a specific set of tokens, shown in the app when you select it. Sending an unsupported token may result in loss of funds.
</Warning>

<Warning>
  **Processing time.** Delivery depends on the source network's confirmation time and on the deposit being processed.
</Warning>

<Note>
  Having issues with Universal Deposit? See the [Deposit FAQ](/user-docs/onramp/deposit/faq#universal-deposit) for troubleshooting and support contacts.
</Note>


# Jupiter Send FAQ
Source: https://docs.jup.ag/user-docs/onramp/send/faq

Frequently asked questions about Jupiter Send, Magic Links, Gasless Send, and token transfers.

Common questions about Jupiter Send. For detailed guides, see the [Jupiter Send overview](/user-docs/onramp/send) and the [Magic Links](/user-docs/onramp/send/magic-links) page.

## General

<AccordionGroup>
  <Accordion title="What is Jupiter Send?">
    Jupiter Send is a feature on [jup.ag/send](https://jup.ag/send) that lets you send tokens on Solana. You can send directly to a wallet address or create a Magic Link that anyone can claim, even without an existing wallet.
  </Accordion>

  <Accordion title="Does Jupiter charge fees for using Send?">
    No. Jupiter does not charge any protocol fee for Send. The only cost is the standard Solana network transaction fee. If you use Gasless Send, a small portion of the tokens you're sending is swapped to cover that fee instead of paying in SOL.
  </Accordion>

  <Accordion title="Can I send tokens to someone on another blockchain?">
    No. Jupiter Send only works on the Solana blockchain. Sending tokens from or to another blockchain (Ethereum, Arbitrum, etc.) is not supported and may result in permanent loss of funds.
  </Accordion>
</AccordionGroup>

## Gasless Send

<AccordionGroup>
  <Accordion title="What is Gasless Send?">
    Gasless Send lets you send tokens without needing SOL in your wallet to cover transaction fees. Instead, a small portion of the tokens you're sending is swapped to cover the Solana network fee.
  </Accordion>

  <Accordion title="Which tokens support Gasless Send?">
    All tokens on the [Jupiter Verified Token List](/user-docs/launch/vrfd/token-verification) are eligible for Gasless Send. Unverified tokens are not supported.
  </Accordion>

  <Accordion title="Does Gasless Send cost more than a normal send?">
    The Solana network fee is the same. The difference is how it's paid: instead of SOL from your wallet, a small amount of the token you're sending is swapped to cover it. The recipient receives slightly less than the entered amount as a result.
  </Accordion>
</AccordionGroup>

## Magic Links

<AccordionGroup>
  <Accordion title="What is a Magic Link?">
    A Magic Link is a shareable link (or QR code) that holds tokens until someone claims them. It's useful when the recipient doesn't have a wallet yet or when you don't know their address. See the [Magic Links](/user-docs/onramp/send/magic-links) page for full details.
  </Accordion>

  <Accordion title="Can anyone claim my Magic Link?">
    Yes. Anyone who has the link can claim the tokens. Treat it like cash and only share it with the intended recipient.
  </Accordion>

  <Accordion title="Do Magic Links expire?">
    Yes. An unclaimed Magic Link expires 7 calendar days after creation. The tokens are then returned automatically to the wallet that created it.
  </Accordion>

  <Accordion title="Can I cancel a Magic Link?">
    Yes, as long as it hasn't been claimed yet. Go to [jup.ag/send](https://jup.ag/send), connect your wallet, and click the 🗑️ icon next to the active link. Tokens are returned to the creator's wallet.
  </Accordion>

  <Accordion title="Where can I see my active and past Magic Links?">
    At [jup.ag/send](https://jup.ag/send), connect your wallet and check the **Active** and **Past** tabs below the send widget.
  </Accordion>

  <Accordion title="My Magic Link expired but the tokens didn't come back">
    This can happen if your Associated Token Account (ATA) for that token was closed or doesn't exist. An ATA is a dedicated account tied to your wallet for one specific token type. If it's missing, the return transaction can fail silently. Open a ticket at [support.jup.ag](https://support.jup.ag) for help.
  </Accordion>
</AccordionGroup>

## Receiving Tokens

<AccordionGroup>
  <Accordion title="How do I receive tokens with Jupiter Send?">
    Go to [jup.ag/send](https://jup.ag/send), open the **Receive** tab, and share the displayed QR code or wallet address with the sender.
  </Accordion>

  <Accordion title="Do I need to do anything to receive tokens?">
    If someone sends to your wallet address and you already have an ATA for that token, the tokens appear in your wallet once the transaction confirms on-chain. For Magic Links, you need to open the link and claim the tokens.
  </Accordion>
</AccordionGroup>


# Jupiter Send Overview
Source: https://docs.jup.ag/user-docs/onramp/send/index

Send tokens to any Solana wallet or via Magic Link, even to users without a wallet.

Jupiter Send lets you send tokens on Solana to anyone. You can send directly to a wallet address, or generate a **Magic Link** that anyone can use to claim tokens, even if they don't have a wallet yet.

Jupiter Send is available at [jup.ag/send](https://jup.ag/send).

## Send Methods

Jupiter Send supports two ways to send tokens:

<CardGroup>
  <Card title="Magic Link" icon="link" href="/user-docs/onramp/send/magic-links">
    Generate a shareable link or QR code. The recipient claims the tokens by opening the link. No wallet required on their end at the time of sending.
  </Card>

  <Card title="Address" icon="wallet">
    Send tokens directly to a recipient's Solana wallet address. The recipient must already have a wallet.
  </Card>
</CardGroup>

## Receiving Tokens

To receive tokens through Jupiter Send:

<Steps>
  <Step title="Open the Receive tab">
    Go to [jup.ag/send](https://jup.ag/send) and select the **Receive** tab.
  </Step>

  <Step title="Share your details">
    You'll see a QR code and your wallet address. Share either with the sender.
  </Step>
</Steps>

<Warning>
  Jupiter Send only works on the **Solana blockchain**. Tokens sent from other blockchains (Ethereum, Arbitrum, etc.) to a Solana address cannot be recovered.
</Warning>

## Gasless Send

Gasless Send allows you to send tokens even if you have no SOL in your wallet to pay for transaction fees.

Instead of paying gas in SOL, a small portion of the tokens you're sending is swapped to cover the Solana transaction fee. This means the recipient receives slightly less than the amount you enter.

<Note>
  Gasless Send is available for all tokens on the [Jupiter Verified Token List](/user-docs/launch/vrfd/token-verification). Unverified tokens are not eligible.
</Note>

## Fees

Jupiter does not charge any protocol fee for using Jupiter Send.

The only cost is the standard Solana network transaction fee (typically fractions of a cent), paid in SOL. If you use Gasless Send, this fee is covered by swapping a small portion of the tokens you're sending instead.

## Risks and Limitations

<AccordionGroup>
  <Accordion title="Solana only">
    Jupiter Send operates exclusively on Solana. Sending tokens from another blockchain to a Solana address will result in permanent loss of funds.
  </Accordion>

  <Accordion title="Magic Link security">
    Anyone with access to a Magic Link can claim the tokens. There is no password or recipient restriction.

    <Tip>
      Treat Magic Links like cash. If someone else opens the link before the intended recipient, the tokens go to them and cannot be recovered.
    </Tip>
  </Accordion>

  <Accordion title="Associated Token Account (ATA)">
    To hold a specific token on Solana, a wallet needs an Associated Token Account (ATA) for that token. An ATA is a dedicated account tied to your wallet for one specific token type.

    If the recipient's wallet doesn't have an ATA for the token being sent, one must be created, which costs a small amount of SOL (called rent).
  </Accordion>

  <Accordion title="Transaction limits">
    Standard Solana transaction size limits apply.
  </Accordion>
</AccordionGroup>

## Related Pages

* [Magic Links](/user-docs/onramp/send/magic-links) — Send tokens via a shareable link or QR code. Recipients can claim tokens even without an existing wallet
* [Jupiter Send FAQ](/user-docs/onramp/send/faq) — Frequently asked questions about Send, Magic Links, Gasless Send, and transfers


# Magic Links
Source: https://docs.jup.ag/user-docs/onramp/send/magic-links

Send tokens via a shareable link or QR code. Recipients can claim tokens even without an existing wallet.

A Magic Link is a shareable link (or QR code) that holds tokens until a recipient claims them. It's designed for cases where the recipient doesn't have a Solana wallet yet, or when you want to send tokens without needing their address.

## Creating a Magic Link

<Steps>
  <Step title="Open Jupiter Send">
    Go to [jup.ag/send](https://jup.ag/send) and select the **Send** tab, then the **Magic Link** option.
  </Step>

  <Step title="Connect your wallet">
    Connect the wallet you want to send tokens from.
  </Step>

  <Step title="Choose token and amount">
    Select the token and enter the amount you want to send.
  </Step>

  <Step title="Create the Magic Link">
    Click **Create Magic Link**. A link and QR code will be generated.
  </Step>

  <Step title="Share it">
    Send the link or QR code to the recipient through any channel (message, email, etc.).
  </Step>
</Steps>

<Warning>
  Anyone who has the link can claim the tokens. Do not share it publicly or with unintended recipients.
</Warning>

## Claiming a Magic Link

When a recipient opens a Magic Link, they can claim the tokens to their Solana wallet.

## Managing Magic Links

You can view and manage your Magic Links at [jup.ag/send](https://jup.ag/send) after connecting your wallet.

<Tabs>
  <Tab title="Active">
    Shows all unclaimed Magic Links that are still valid (not expired, not cancelled). From here you can cancel a link to recover your tokens.
  </Tab>

  <Tab title="Past">
    Shows all Magic Links that have been claimed, cancelled, or expired.
  </Tab>
</Tabs>

## Cancelling a Magic Link

You can cancel any unclaimed Magic Link to recover your tokens.

<Steps>
  <Step title="Open Jupiter Send">
    Go to [jup.ag/send](https://jup.ag/send) and connect your wallet.
  </Step>

  <Step title="Find the link">
    Go to the **Active** section under the send widget.
  </Step>

  <Step title="Cancel">
    Click the 🗑️ icon next to the link you want to cancel.
  </Step>
</Steps>

Once cancelled, the tokens are returned to the wallet that created the link.

<Note>
  You can only cancel a Magic Link that has not been claimed yet. Once claimed, the tokens belong to the recipient.
</Note>

## Expiration

Magic Links that are not claimed expire automatically **7 calendar days** after creation. When a link expires, the tokens are returned to the creator's wallet.

<Tip>
  You don't need to do anything to trigger the refund. Expiration and fund return are handled automatically.
</Tip>

## Troubleshooting

<AccordionGroup>
  <Accordion title="My Magic Link expired but the tokens weren't returned">
    Tokens should return automatically when a link expires. If they haven't appeared in your wallet, the issue may be related to your Associated Token Account (ATA) for that token.

    An ATA is a dedicated account tied to your wallet for one specific token type. If it was closed or doesn't exist, the return transaction can fail silently.

    Open a ticket at [support.jup.ag](https://support.jup.ag) so the team can investigate.
  </Accordion>
</AccordionGroup>


# Collection
Source: https://docs.jup.ag/user-docs/trade/gacha/collection

Your Jupiter Gacha Collection: the items you own from both providers, your pull activity, and shipping status. Includes the card detail page and what insured value means.

The Collection page groups everything you own and everything you have done in Jupiter Gacha. It has three tabs: Items, Activity, and Shipping.

## Items tab

The Items tab lists every item you currently own, from Collector Crypt and Phygitals packs alike: cards, and watches on watch pack pulls. Each item shows its image, its grade when it is graded, and its value. You can:

* Search by card name or set
* Filter, including a "Buyback only" filter that shows cards still carrying a live instant buyback offer: Collector Crypt cards within their 3-day window, Phygitals cards with a quoted offer
* Sort, for example by value from high to low

The Collection Highlights section surfaces your most notable items. When a battlepass campaign is live, the Next free pack widget also tracks your progress toward your next free pack (see [Rewards](/user-docs/trade/gacha/rewards)); it is hidden between campaigns.

## Activity tab

The Activity tab shows recent pulls with a You / Platform toggle:

* **You**: your own pack openings, with the rarity, source pack, value, and timestamp of each pull.
* **Platform**: recent pulls across all Jupiter Gacha users.

Pulls from both providers are listed. Each Collector Crypt opening includes a Verify action that shows the [verifiable randomness](/user-docs/trade/gacha/verifiable-randomness) details for that draw. Phygitals openings have no Verify action: their fairness proof is a commit-reveal scheme documented by Phygitals rather than an on-chain transaction.

## Shipping tab

The Shipping tab tracks Collector Crypt cards you redeem to ship home: status, estimated delivery, and tracking link for each shipment. It also holds the Ship home action. Before shipments can load, you verify your wallet by signing a message with Collector Crypt. The signature is a read-only verification: no transaction is sent and no fee is charged. Phygitals cards cannot be shipped from Jupiter Gacha: they are redeemed through Phygitals directly. See [Shipping](/user-docs/trade/gacha/shipping) for both flows.

## The card detail page

Every card has a detail page. A Collector Crypt card shows the four sections below. A Phygitals card shows Grading (when the card is graded), Metadata, and Contract info; it has no Vault details section, and its Est. value is Phygitals' fair market value estimate rather than a Collector Crypt insured value. See [Providers](/user-docs/trade/gacha/providers#phygitals-cards-in-your-collection).

### Grading

| Field | Meaning |
| - | - |
| Grading company | The company that graded the physical card, for example PSA or CGC |
| Grading ID | The certificate number issued by the grading company, verifiable on the grader's own website |
| Grade | The condition grade of the card, for example MINT 9 or GEM-MT 10 |
| Authenticated | Confirmation that the slab has been authenticated |
| Est. value | The card's reference value, labelled Est. value on the card page and explained below |

### Metadata

Set, card name, description, Gemrate grade and ID, parallel, set URL, and spec ID. Gemrate is an independent aggregator of grading data.

### Contract info

The token ID representing the card, and the blockchain it lives on (Solana). This is the on-chain representation of your ownership. It is also what you transfer if you [send the card to another wallet](/user-docs/trade/gacha/gifting#sending-a-card-to-another-wallet).

### Vault details

The vault holding the physical slab, its vault ID, and its location where available. Cards are stored with different professional vaulting partners depending on the card, for example PSA Vault or OmniVault. The Vault details section tells you exactly where a specific card is held.

## Insured value

The card detail page labels a card's value **Est. value**. Elsewhere in the app, for example on the reveal and in the marketplace filters, the same figure is called the insured value.

On a Collector Crypt card, the insured value is a reference value assigned by Collector Crypt at its discretion. It serves one purpose: it is the basis on which the [instant buyback](/user-docs/trade/gacha/instant-buyback) amount is calculated.

On a Phygitals card, the figure is Phygitals' fair market value estimate for the card, which is the basis of the buyback offer Phygitals quotes on the card. Phygitals states that cards in its vault custody are insured through its vault partners against loss, theft, and damage; that cover is separate from the value displayed.

<Warning>
  Despite the name, the insured value of a Collector Crypt card is not an insurance policy. It does not provide coverage for loss, theft, or damage. It is also not a market price: marketplace sellers set their asking prices freely, and a card's market price can be above or below its insured value.
</Warning>


# FAQ and Troubleshooting
Source: https://docs.jup.ag/user-docs/trade/gacha/faq

Common questions and issues in Jupiter Gacha: pack opening errors, the two providers, insured value vs market price, buyback windows, Turbo mode, card custody, authenticity, sending a card to a friend, and shipping.

## Access and payment

<AccordionGroup>
  <Accordion title="Can I use Gacha on mobile?">
    Yes. Open [jup.ag/gacha](https://jup.ag/gacha) in the Jupiter Mobile in-app browser to use Gacha on mobile.
  </Accordion>

  <Accordion title="Why are packs priced in USDC?">
    Pack prices, buybacks, and marketplace sales are denominated in USDC because it is the most widely held stablecoin.
  </Accordion>

  <Accordion title="Which provider is behind a pack?">
    The app does not name the provider. The Pokemon packs from Silver to Immortal, the Watch packs, and the One Piece Straw Hat, Emperor, and Gorosei packs come from Collector Crypt. The Sport packs, the Pokemon Trainer pack, the Riftbound packs, and the One Piece Throne pack come from Phygitals, so a category can mix the two. On a pack page, a Phygitals pack shows a 7-day buyback window and no Turbo toggle, a Collector Crypt pack a 3-day window. See [Providers](/user-docs/trade/gacha/providers) for everything that differs.
  </Accordion>

  <Accordion title="The pack says purchases are not available in my region">
    This message comes from Phygitals: purchases and buybacks on its packs follow its [restricted jurisdictions policy](https://docs.phygitals.com/user-agreements/restricted-jurisdictions). Collector Crypt packs are not affected by that policy. See [Geographic restrictions](/user-docs/trade/gacha/providers#geographic-restrictions).
  </Accordion>
</AccordionGroup>

## Opening packs

<AccordionGroup>
  <Accordion title="I get an error when opening a pack">
    Pack opening fails for one of these reasons, in order of likelihood:

    1. **Not enough USDC.** Your wallet must hold at least the pack price multiplied by the quantity selected. If you are short, the app offers to swap the missing amount from your highest-balance token (it must be worth about 5% more than the shortfall). The Open pack button shows "Insufficient USDC" when no balance can cover it.
    2. **No SOL for network fees.** Every opening is a Solana transaction and requires a small amount of SOL, separate from the USDC pack price.
    3. **The machine is temporarily disabled or sold out.** A Collector Crypt machine that runs too low on higher rarity cards is disabled until Collector Crypt restocks it. A Phygitals pack out of stock shows "Sold out" until Phygitals restocks it. Try again later or open a different pack tier.

    Check your USDC and SOL balances first, then retry.
  </Accordion>

  <Accordion title="I opened a pack but the card is not in my Collection">
    Refresh the page. The interface can lag a few moments behind the on-chain state after an opening. Your pull is recorded on-chain the moment the transaction confirms; only the display is delayed. If the card is still missing after refreshing and a few minutes, [contact support](https://support.jup.ag/).
  </Accordion>

  <Accordion title="My pull is taking a while to reveal">
    On a [Phygitals pack](/user-docs/trade/gacha/providers#which-packs-come-from-which-provider), Phygitals settles the opening on its side after you approve the transaction, and the app waits for its answer. The reveal usually arrives within seconds. If Phygitals reports the opening as failed, the app tells you so and the payment is refunded. If Phygitals holds the opening for review, it stays pending until Phygitals reconciles it. If the reveal does not arrive at all, check your Collection before opening again, since the card may already be there. Collector Crypt packs reveal as soon as the transaction confirms.
  </Accordion>

  <Accordion title="Why is there no Turbo toggle on this pack?">
    Turbo mode exists on Collector Crypt packs only. The Sport packs, the Pokemon Trainer pack, the Riftbound packs, and the One Piece Throne pack come from Phygitals, which has no Turbo mode. See [Turbo mode](/user-docs/trade/gacha/opening-packs#turbo-mode).
  </Accordion>

  <Accordion title="Why is Turbo mode forced on this pack?">
    Turbo mode becomes mandatory on a machine that runs too low on common cards, until Collector Crypt restocks it. While Turbo is forced, every Common pull is automatically sold back for USDC at the machine's buyback rate, and the app shows a notice on every opening so you are aware before you spin. The displayed odds are not affected. See [Turbo mode](/user-docs/trade/gacha/opening-packs#turbo-mode).
  </Accordion>

  <Accordion title="Do the odds change when the machine has fewer cards?">
    No. The odds per rarity tier are fixed and guaranteed regardless of how many cards remain in the machine pool. What changes with the pool contents is which specific cards can be drawn within each tier, and the pack's expected value.
  </Accordion>
</AccordionGroup>

## Value and buyback

<AccordionGroup>
  <Accordion title="What is the difference between insured value and market price?">
    The card page labels a card's value Est. value. On a Collector Crypt card, that is the insured value, a reference value assigned by Collector Crypt and used to calculate the instant buyback amount. It is not an insurance policy and not a market price. On the marketplace, sellers set asking prices freely, so a card can trade above or below its insured value. On a Phygitals card, the value shown is Phygitals' fair market value estimate, which is the basis of its buyback offer. See [Insured value](/user-docs/trade/gacha/collection#insured-value).
  </Accordion>

  <Accordion title="Why is the buyback window 7 days on some packs and 3 days on others?">
    The window is set by the pack's provider: 3 days from the pull on Collector Crypt packs, 7 days on [Phygitals packs](/user-docs/trade/gacha/providers#which-packs-come-from-which-provider). The rate is set per pack as well and displayed in the Instant buyback panel. See [Instant Buyback](/user-docs/trade/gacha/instant-buyback#window-and-rate-by-provider).
  </Accordion>

  <Accordion title="A Phygitals card in my Collection shows no buyback offer">
    Phygitals quotes the buyback as an offer on the card, and a quote can expire before the 7-day window ends. When that happens, the app hides the offer until Phygitals issues a new one: refresh the page. If the card is past 7 days from the pull, the buyback has expired.
  </Accordion>

  <Accordion title="The buyback shown on my card does not match the machine's rate">
    The buyback rate is set per machine and displayed on each pack's page in the Instant buyback panel. In rare cases, shortly after Collector Crypt updates insured values, the buyback amount shown on a card can temporarily not match the machine's rate. If the buyback you are offered does not match the machine's displayed percentage, open a ticket at [support.jup.ag](https://support.jup.ag/).
  </Accordion>

  <Accordion title="My buyback window expired. What are my options?">
    The buyback for that card is no longer available and cannot be reopened. The card remains yours and stays vaulted at no cost. A Collector Crypt card can be kept, [shipped home](/user-docs/trade/gacha/shipping), listed on the [marketplace](/user-docs/trade/gacha/marketplace) at a price you set, or used to borrow USDC on [Offerbook](/user-docs/earn/offerbook/markets) directly from your Collection. A Phygitals card can be kept, sent to another wallet, redeemed through Phygitals, or [listed outside Jupiter Gacha](/user-docs/trade/gacha/providers#selling-a-phygitals-card-elsewhere) on the Phygitals marketplace, Tensor, or Magic Eden.
  </Accordion>

  <Accordion title="Is the expected value a prediction of what I will pull?">
    No. The expected value is the average pull value across the machine's current pool, weighted by the odds. Individual pulls vary widely around it: on most packs, the majority of pulls fall in the lowest value range. The expected value also changes over time as the pool contents change.
  </Accordion>
</AccordionGroup>

## Cards, custody, and authenticity

<AccordionGroup>
  <Accordion title="Where is the physical card stored?">
    Every card is a physical card held by a professional vaulting partner. A Collector Crypt card is stored with a partner such as PSA Vault or OmniVault: open the card's detail page and check the Vault details section to see the vault and, where available, its location. A Phygitals card (from the Sport packs or the Pokemon Trainer pack) is stored in the United States with PSA Vault, Fanatics Vault, or Alt Vault; its card page has no Vault details section.
  </Accordion>

  <Accordion title="How do I know a card is authentic?">
    Graded cards are slabs graded and authenticated by a professional grading company such as PSA, CGC, or Beckett. The card detail page shows the grading company and the grading ID, which can be verified independently on the grading company's own certificate lookup. The Sport Practice and Pokemon Trainer packs also contain ungraded cards, which Phygitals holds in its vault partners' custody and describes as Near Mint or Lightly Played; an ungraded card shows no grading company or grade on its page.
  </Accordion>

  <Accordion title="Is every card graded?">
    No. Every Collector Crypt card and every Sport Hall of Fame card is a graded slab. The Sport Practice (\$5) and Pokemon Trainer (\$10) packs from Phygitals mix graded slabs with ungraded cards. See [Providers](/user-docs/trade/gacha/providers#graded-and-ungraded-cards).
  </Accordion>

  <Accordion title="What happens to my card if I do nothing?">
    Nothing is required from you. The card stays vaulted with its custody partner and remains in your Collection indefinitely, at no storage cost. You can sell it or ship it at any time.
  </Accordion>

  <Accordion title="Can I send a card to a friend?">
    Yes. Each card is an NFT on Solana, whichever provider it came from, so you can transfer it from your wallet to your friend's wallet with your wallet's send function, the same way as any other NFT. Jupiter Gacha has no send button for cards. Delist the card first if it is listed on the marketplace, and use the instant buyback before sending if you intend to use it: it is tied to the wallet that pulled the card. The card then appears in your friend's Collection. See [Sending a card to another wallet](/user-docs/trade/gacha/gifting#sending-a-card-to-another-wallet). To give a friend packs to open instead, see [Gifting packs](/user-docs/trade/gacha/gifting#gifting-packs).
  </Accordion>

  <Accordion title="My card does not show in my wallet's NFT tab">
    Your ownership is recorded on Solana and always visible in your Jupiter Gacha [Collection](/user-docs/trade/gacha/collection), which is the reference view for your cards. Cards from both providers are Metaplex Core assets, not compressed NFTs, so a wallet that supports the Metaplex Core standard displays them; wallets that do not yet support it may not. Display in external wallet interfaces can therefore vary.
  </Accordion>
</AccordionGroup>

## Marketplace

<AccordionGroup>
  <Accordion title="Why can't I list this card on the marketplace?">
    The marketplace is operated by Collector Crypt and carries Collector Crypt cards. A card pulled from a Phygitals pack (Sport Practice, Sport Hall of Fame, Pokemon Trainer) has no list action on Jupiter Gacha. You can sell it back to Phygitals within 7 days of the pull, keep it, send it to another wallet, or, since it is a Solana NFT, list it on the Phygitals marketplace, Tensor, or Magic Eden. See [Selling a Phygitals card elsewhere](/user-docs/trade/gacha/providers#selling-a-phygitals-card-elsewhere) for the links and what to watch for.
  </Accordion>

  <Accordion title="I bought or listed a card and the page shows a stale state">
    Refresh the page. After a purchase or a listing change, the interface can briefly show the previous state (for example a Manage listing button on a card you just bought). The on-chain state is correct; the display catches up after a refresh.
  </Accordion>

  <Accordion title="Why did I receive less than my asking price when my card sold?">
    Marketplace sales carry a 2% fee on the sale price, charged by Collector Crypt. A card sold at 100 USDC pays out 98 USDC. There are no other marketplace fees. See [Marketplace](/user-docs/trade/gacha/marketplace#the-sell-fee).
  </Accordion>
</AccordionGroup>

## Shipping

<AccordionGroup>
  <Accordion title="Who ships my card?">
    The provider the card came from. Collector Crypt cards ship from Jupiter Gacha with Ship home. Cards from a Phygitals pack cannot be shipped from Jupiter Gacha: you redeem them through Phygitals directly, which ships them from its US vault partners. Each provider handles its own shipping support. See [Shipping](/user-docs/trade/gacha/shipping).
  </Accordion>

  <Accordion title="Which countries can I ship a card to?">
    Collector Crypt ships worldwide, with fees by zone: United States, Canada, Europe, Australia and New Zealand, and the rest of the world. A few destinations are restricted, and an address in one of them is refused when you enter it, with the message "Sorry, we do not ship to \[country] at this time", before any fee is paid. International deliveries can carry customs duties payable on delivery. See [Shipping](/user-docs/trade/gacha/shipping#how-to-ship-a-collector-crypt-card-home).
  </Accordion>

  <Accordion title="How long does delivery take?">
    Collector Crypt estimates around 2–3 weeks within the United States and around 5 weeks internationally. For a card redeemed through Phygitals, Phygitals estimates around 2–3 weeks within the United States from PSA Vault and around 1–2 weeks from Fanatics Vault or Alt Vault, plus 1–4 weeks for international deliveries. Vault processing time and the destination both affect the actual delivery date. See [Shipping — Delivery times](/user-docs/trade/gacha/shipping#delivery-times).
  </Accordion>

  <Accordion title="Why did I only receive some of my cards?">
    Cards held by different vaulting partners ship separately, so one shipment can arrive as several packages with their own tracking numbers and delivery dates. A partial delivery is expected in that case, with either provider. Check the other tracking numbers, and for Collector Crypt cards the Vault details section of each card, before contacting the provider's support. See [Shipping — Cards from different vaults ship separately](/user-docs/trade/gacha/shipping#cards-from-different-vaults-ship-separately).
  </Accordion>

  <Accordion title="Can I expedite a shipment?">
    No. Most of the delivery time is the vault pulling, packing, and releasing the card, and neither provider controls how fast each vault processes a request. There is no faster shipping option.
  </Accordion>

  <Accordion title="Can I cancel a shipping request that is already processing?">
    Not from Jupiter Gacha: there is no cancel or edit control on a shipment, because redeeming a card burns it and pays the shipping fee in the same transaction, after which the request belongs to Collector Crypt. Contact Collector Crypt support as early as possible (chat widget on [collectorcrypt.com](https://collectorcrypt.com/) or [support@collectorcrypt.com](mailto:support@collectorcrypt.com)) with the order ID from the shipment card. Collector Crypt decides whether the shipment can still be stopped and what happens to the card and the fee; a cancelled request shows as Cancelled in the Shipping tab. See [Cancelling or changing a shipment](/user-docs/trade/gacha/shipping#cancelling-or-changing-a-shipment).
  </Accordion>

  <Accordion title="Can the package be declared as a gift, or at a lower value?">
    No. Packages are declared at the card's value, the [insured value](/user-docs/trade/gacha/collection#insured-value) for a Collector Crypt card and Phygitals' fair market value for a Phygitals card, because the provider insures the shipment in transit for the declared amount. Customs and import duties in the destination country are calculated on that amount. See [Shipping — Customs and declared value](/user-docs/trade/gacha/shipping#customs-and-declared-value).
  </Accordion>

  <Accordion title="My shipment is delayed or has an issue. Who do I contact?">
    The provider that ships the card also handles shipping support: delays, customs, and delivery issues go to them. For a Collector Crypt card, track your shipment first in Collection, Shipping tab, then reach Collector Crypt support through the chat widget at the bottom right of [collectorcrypt.com](https://collectorcrypt.com/). For a Phygitals card, contact Phygitals through [phygitals.com/contact](https://www.phygitals.com/contact). For anything else related to Jupiter Gacha, contact [Jupiter support](https://support.jup.ag/).
  </Accordion>

  <Accordion title="Why do I need to sign a message to see my shipments?">
    The Shipping tab loads your outbound Collector Crypt shipments from Collector Crypt. Signing a message proves you control the wallet, so only you can see your shipments. It is a signature, not a transaction: nothing is sent on-chain and no fee is charged.
  </Accordion>

  <Accordion title="The signature request fails when I verify my wallet for shipping. What can I do?">
    If your wallet shows *The app's signature request cannot be shown due to invalid formatting*, you are most likely signing with a Ledger. The Solana app on the device only signs transactions, so it cannot sign the Collector Crypt verification message, whether the Ledger is connected to jup.ag directly or through another wallet app. The Jupiter team is working on it. In the meantime, open a ticket at [support.jup.ag](https://support.jup.ag/) with your wallet address, your wallet app, and your Ledger model.

    With a software wallet such as Phantom, Solflare, or the Jupiter Extension Wallet, check that the wallet is unlocked and that you approved the signature request in the wallet pop-up, then retry from the Shipping tab.
  </Accordion>

  <Accordion title="How do I delete my shipping address and personal data?">
    Shipping details (name, delivery address, contact information) are collected and processed by the provider operating the shipment, Collector Crypt or Phygitals, not Jupiter: Jupiter never receives or stores them, in its databases or logs. To request access to or deletion of your shipping data, contact Collector Crypt through the chat widget at the bottom right of [collectorcrypt.com](https://collectorcrypt.com/), or Phygitals through [phygitals.com/contact](https://www.phygitals.com/contact). See [Shipping — Your shipping data](/user-docs/trade/gacha/shipping#your-shipping-data).
  </Accordion>

  <Accordion title="Is there a deadline to ship a card home?">
    No. Cards stay vaulted indefinitely at no storage cost. You can redeem a card whenever you choose.
  </Accordion>
</AccordionGroup>


# Gifting Packs and Cards
Source: https://docs.jup.ag/user-docs/trade/gacha/gifting

Gift Jupiter Gacha packs to another wallet, or send a card you own to a friend by transferring its token from your wallet: steps, what to check before sending, and what the recipient sees.

There are two ways to give something from Jupiter Gacha to another person: gift them packs to open, or send them a card you already own. Packs are gifted from the Gacha interface. Cards are sent from your wallet, because each card is a token on Solana and Jupiter Gacha has no send action of its own.

## Gifting packs

Packs from both providers can be gifted to another wallet: Collector Crypt packs and Phygitals packs alike. See [Providers](/user-docs/trade/gacha/providers#which-packs-come-from-which-provider) for which is which. Gifting works for a single pack or several at once, and the recipient opens the gift like any pack they purchased. See [Providers](/user-docs/trade/gacha/providers#what-differs).

### Sending a gift

The gift icon next to the pack price opens the **Gifts** dialog. From there:

<Steps>
  <Step title="Enter the recipient">
    Paste the recipient's Solana wallet address in the **Recipient wallet** field.
  </Step>

  <Step title="Choose boosters">
    Pick the packs to send. A single gift can mix several pack tiers, each with its own quantity.
  </Step>

  <Step title="Confirm">
    Confirm and approve the transaction in your wallet. The gift is paid in USDC at the packs' current prices.
  </Step>
</Steps>

The dialog's **History** tab lists the gifts you have sent.

<Note>
  Double-check the recipient wallet address before confirming a gift. Gifts sent to a wrong address cannot be recovered.
</Note>

### Receiving a gift

The recipient sees the gifted pack directly on the corresponding pack page, with an "Open gifted" action in place of the purchase button. Gifted packs are consumed before any USDC is spent when the recipient opens packs, same as [free packs](/user-docs/trade/gacha/rewards).

## Sending a card to another wallet

Every card in your Collection is an NFT (non-fungible token) on Solana, and holding that token is what makes you the owner of the vaulted physical card. To give a card to a friend, send the token from your wallet to theirs, the same way you send any other NFT. Jupiter Gacha has no send button for cards: the transfer is done in your wallet.

### Before you send

* **Cancel any active listing.** A Collector Crypt card listed on the [marketplace](/user-docs/trade/gacha/marketplace) stays in your wallet while listed, so your wallet lets you send it, but the listing does not follow the card. Collector Crypt tries to cancel a listing when the card moves, but this is not guaranteed, and a stale listing can still be active if the card later comes back to you. Delist first from the card's Manage listing state.
* **Use the instant buyback first if you want it.** Sending a card does not restart its [instant buyback](/user-docs/trade/gacha/instant-buyback) window, and on a Collector Crypt card the buyback is checked against the wallet that pulled it, so the recipient cannot use it. If you intend to sell a card back, do it before sending it.

- **Check the address.** A token sent to a wrong address cannot be recovered, same as a gifted pack.

### How to send

<Steps>
  <Step title="Find the card in your wallet">
    Open your wallet's NFT view. In the [Jupiter Wallet extension](/user-docs/manage/extension-wallet/portfolio), cards appear under the **NFTs** tab. To be sure you are sending the right card, compare the token address with the **Token ID** shown in the Contract info section of the card's [detail page](/user-docs/trade/gacha/collection#the-card-detail-page) in Jupiter Gacha.
  </Step>

  <Step title="Send it">
    Choose the wallet's send action for that NFT, paste the recipient's Solana wallet address, and confirm. The transfer is a regular Solana transaction: it costs a small network fee in SOL, and nothing else.
  </Step>

  <Step title="The recipient connects">
    Once the transaction confirms, the card belongs to the recipient. It appears in their [Collection](/user-docs/trade/gacha/collection) when they connect that wallet on [jup.ag/gacha](https://jup.ag/gacha). Display can lag a few moments behind the on-chain state; refreshing the page settles it.
  </Step>
</Steps>

<Note>
  Jupiter Mobile currently displays NFTs but cannot send them. Use a wallet that supports sending NFTs, such as the Jupiter Wallet extension. If your wallet does not display the card at all, see [the FAQ](/user-docs/trade/gacha/faq#cards-custody-and-authenticity).
</Note>

### What the recipient can do

The token carries the full ownership of the vaulted card. The recipient can keep it vaulted at no cost and, for a Collector Crypt card, [ship it home](/user-docs/trade/gacha/shipping) or list it on the [marketplace](/user-docs/trade/gacha/marketplace) at a price they set. A Phygitals card is redeemed through Phygitals, or resold [outside Jupiter Gacha](/user-docs/trade/gacha/providers#selling-a-phygitals-card-elsewhere) on the Phygitals marketplace, Tensor, or Magic Eden. The instant buyback is the exception, as explained above.


# Jupiter Gacha Overview
Source: https://docs.jup.ag/user-docs/trade/gacha/index

Open Jupiter Gacha packs to pull real Pokemon, One Piece, Riftbound and sports cards, or luxury watches, vaulted by Collector Crypt and Phygitals.

Jupiter Gacha is a pack opening product built on two collectibles providers, [Collector Crypt and Phygitals](/user-docs/trade/gacha/providers). You open digital packs and pull real trading cards (Pokemon, One Piece, and sports cards) or, on watch packs, luxury watches authenticated by WristCheck. Every item shown in Jupiter Gacha corresponds to a physical collectible stored with a professional vaulting partner and represented by a token on Solana.

When you pull a card, you own the token that represents the physical card. From there, you choose what to do with it.

<CardGroup>
  <Card title="Open Packs" icon="box-open" href="/user-docs/trade/gacha/opening-packs">
    Pick a pack tier, check the odds, and pull a card.
  </Card>

  <Card title="Instant Buyback" icon="rotate-left" href="/user-docs/trade/gacha/instant-buyback">
    Sell any pull back for USDC at the pack's buyback rate, within 3 or 7 days depending on the provider.
  </Card>

  <Card title="Marketplace" icon="store" href="/user-docs/trade/gacha/marketplace">
    Buy and sell graded, tokenized cards with other collectors.
  </Card>

  <Card title="Shipping" icon="truck" href="/user-docs/trade/gacha/shipping">
    Redeem a card to have the physical card shipped to your address.
  </Card>
</CardGroup>

## What you actually own

Each card in Jupiter Gacha is a real, physical trading card held in custody by a professional vaulting partner. Most cards are graded slabs from a grading company such as PSA, CGC, or Beckett; the Sport Practice and Pokemon Trainer packs also contain ungraded cards. Collector Crypt cards are stored with vaulting partners such as PSA Vault or OmniVault, listed in the Vault details section of the card's page. Phygitals cards are stored in the United States with PSA Vault, Fanatics Vault, or Alt Vault.

The card is tokenized on Solana. Owning the token means owning the claim to the physical card. You can verify a graded card's grading company, grading ID, and grade directly on its card detail page.

## The four options after a pull

After opening a pack, you have four options for the card you pulled:

1. **Sell it back instantly.** Every pull carries an instant buyback at the pack's displayed rate, available for 3 days on Collector Crypt packs and 7 days on Phygitals packs. See [Instant Buyback](/user-docs/trade/gacha/instant-buyback).
2. **List it on the marketplace.** Set your own asking price and sell to other collectors. Collector Crypt cards only. See [Marketplace](/user-docs/trade/gacha/marketplace).
3. **Keep it.** The card stays vaulted and appears in your [Collection](/user-docs/trade/gacha/collection). There is no time limit and no storage fee.
4. **Ship it home.** Redeem the card to receive the physical card at your address: from Jupiter Gacha for a Collector Crypt card, through Phygitals for a Phygitals card. See [Shipping](/user-docs/trade/gacha/shipping).

You can also give things away: gift packs to another wallet, or send a card you own to a friend by transferring its token from your wallet. See [Gifting](/user-docs/trade/gacha/gifting).

## Two providers, one interface

Collector Crypt supplies the Pokemon packs from Silver to Immortal, the Watch packs, and the One Piece Straw Hat, Emperor, and Gorosei packs, runs their draws through its on-chain verifiable randomness program, operates the marketplace, and ships its cards. Phygitals supplies the Sport packs, the Pokemon Trainer pack, the Riftbound packs, and the One Piece Throne pack; its cards are shipped and resold through Phygitals or external marketplaces rather than from Jupiter Gacha. The app does not name the provider on a pack or a card, and a few rules differ between the two: the buyback window, Turbo mode, gifting, marketplace listing, shipping, and how randomness is verified. See [Providers](/user-docs/trade/gacha/providers) for the full comparison.

## Fees

Opening packs carries no platform fee: you pay the pack price in USDC plus Solana network fees. Selling a Collector Crypt card on the marketplace carries a 2% fee on the sale price. Shipping a card home carries shipping fees set by the provider shipping it, Collector Crypt from Jupiter Gacha or Phygitals on its own site. There are no other user-facing fees.

## Risk disclosure

<Warning>
  Pack opening outcomes are random. Each pack displays fixed drop odds by rarity tier, and on most packs the majority of pulls fall in the lowest value range, below the pack price. The instant buyback guarantees a floor on the value of every pull, not a profit. Only spend what you are comfortable spending on collectible cards.
</Warning>

The expected value displayed on each pack is calculated from the current contents of that pack's card pool and changes over time. It is an average across all possible outcomes, not a prediction of your individual pull.


# Instant Buyback
Source: https://docs.jup.ag/user-docs/trade/gacha/instant-buyback

Every Jupiter Gacha pull carries an instant buyback paid in USDC: a percentage of the card's value set per pack, available for 3 days on Collector Crypt packs and 7 days on Phygitals packs.

The instant buyback is a sell-back option attached to every pull. It sets a floor on the value of every card you open: you can sell a pull back for USDC at the percentage displayed on the pack, within the pack's buyback window. The window and the way the amount is quoted depend on the pack's [provider](/user-docs/trade/gacha/providers): 3 days on Collector Crypt packs, 7 days on Phygitals packs.

## How the buyback works

<Steps>
  <Step title="Pull a card">
    The moment a card is revealed, its buyback window starts. The buyback percentage and the resulting USDC amount are shown on the card.
  </Step>

  <Step title="Sell it back">
    From the reveal, the card page, or your Collection, choose the sell action and confirm. You can filter your Collection with "Buyback only" to see which cards still carry a live offer.
  </Step>

  <Step title="Receive USDC">
    The buyback amount is paid to your wallet in USDC. The card leaves your Collection and returns to the provider it came from.
  </Step>
</Steps>

## Window and rate by provider

| | Collector Crypt packs | Phygitals packs |
| - | - | - |
| Window | 3 days from the pull | 7 days from the pull |
| Rate | 85% to 93% of the card's insured value at pull time, set per machine | A percentage of Phygitals' fair market value for the card, set per pack. 100% on the Sport Practice, Sport Hall of Fame, and Pokemon Trainer packs at launch |
| Where the amount shows | On the card, with a countdown to the end of the window | On the card, as a Buyback offer quoted by Phygitals |

The rate of each pack is displayed on its page in the Instant buyback panel, together with the window. Rates may be adjusted over time.

**Worked example.** You open a \$50 Collector Crypt pack whose buyback rate is 85% and pull a card with an insured value of \$80. The instant buyback pays 68 USDC (85% of 80) at any time during the 3 days following the pull.

## The buyback window

The buyback is available from the moment of the pull until the window closes. After that, the buyback for that card expires. The card remains yours: it stays vaulted in your Collection. A Collector Crypt card can still be [shipped home](/user-docs/trade/gacha/shipping) or listed on the [marketplace](/user-docs/trade/gacha/marketplace) at a price you set; a Phygitals card can be redeemed or resold through Phygitals and external marketplaces, outside Jupiter Gacha. See [Providers](/user-docs/trade/gacha/providers#phygitals-cards-in-your-collection).

<Warning>
  The buyback window cannot be extended or reopened. If you intend to use the buyback, do it within the window: 3 days on a Collector Crypt pack, 7 days on a Phygitals pack.
</Warning>

The buyback belongs to the wallet that pulled the card. If you send a card to another wallet, use the buyback first: see [Sending a card to another wallet](/user-docs/trade/gacha/gifting#sending-a-card-to-another-wallet).

## Collector Crypt cards: buyback and insured value

On a Collector Crypt card, the buyback percentage applies to the card's insured value **at the time of the pull**, a reference value assigned by Collector Crypt. The insured value is the basis for buyback calculations. It is not an insurance policy, and it can differ from what the card would fetch on the open market. See [Collection](/user-docs/trade/gacha/collection#insured-value) for the full explanation of insured value.

Two consequences follow from this:

* **Insured values can change after the pull.** Collector Crypt updates insured values over time, and the value displayed can occasionally be out of sync. The buyback amount is set against the insured value when the card was pulled, so it can later represent more or less than the stated percentage of the insured value currently displayed.
* **Discrepancies are handled by Collector Crypt.** Jupiter does not adjust buyback amounts when an insured value changes. If a buyback amount looks inconsistent with the card's insured value at pull time, contact Collector Crypt support via the chat widget at [collectorcrypt.com](https://collectorcrypt.com/).

## Phygitals cards: the quoted offer

On a Phygitals card, the buyback is a standing offer that Phygitals quotes for the card and for the wallet holding it. The offer is displayed on the card as a Buyback offer, in USDC, and is the pack's percentage of Phygitals' fair market value for the card. A quote can carry an expiry: when it lapses, the app hides it until Phygitals issues a new one, so if you see no offer on a card still within its 7 days, refresh the page.

Selling submits the sale to Phygitals, which settles it on its side. The confirmation can take a moment: if the app reports the sale as still settling, check your Collection before selling again rather than repeating the sale. A sale that Phygitals rejects leaves the card in your Collection.

## What happens to bought-back cards

Cards sold through the buyback return to the provider. Collector Crypt cards go back to the machine pool of the pack they came from, where they can be pulled again by other users. This is how machine pools stay stocked over time.

## Buyback in Turbo mode

When [Turbo mode](/user-docs/trade/gacha/opening-packs#turbo-mode) is active on a Collector Crypt pack, Common pulls are sold automatically at the machine's buyback rate the moment they are revealed. The mechanism and the rate are the same as a manual buyback; only the timing is automatic. Phygitals packs have no Turbo mode.


# Marketplace
Source: https://docs.jup.ag/user-docs/trade/gacha/marketplace

Buy and sell graded, tokenized cards with other collectors on the Jupiter Gacha marketplace: Buy now, listings, filters, and the 2% sell fee.

The marketplace is where Jupiter Gacha users buy and sell graded, tokenized cards with each other. Every listing is a vaulted physical card represented by its Solana token, with its grading and vault details visible on the card page. The marketplace is operated by Collector Crypt and carries Collector Crypt cards: cards pulled from Phygitals packs (Sport and Pokemon Trainer) cannot be listed on it. See [Providers](/user-docs/trade/gacha/providers#what-differs).

## Browsing and filtering

Listings show the card image, name, asking price, and grade. You can search by name or address, and filter by:

* Pokemon name and set
* Status
* Insured value range
* Listed price range
* Grading company (for example PSA or CGC)
* Generic grade
* Language
* Year

Sorting options include list date, list price, insured value, name, and year.

## Buying a card

You buy a card with **Buy now**, which purchases it immediately at the seller's asking price, paid in USDC. Making an offer at a different price is planned but not yet available.

The asking price is set freely by the seller. It is independent from the card's insured value, which is a buyback reference, not a market price. Compare both figures on the card page before buying.

<Tip>
  After a purchase, the card appears in your Collection. If the page still shows a stale state right after buying, refresh: display can lag a few moments behind the on-chain state.
</Tip>

## Selling a card

<Steps>
  <Step title="Open the card">
    Go to your Collection and open the card you want to sell.
  </Step>

  <Step title="List it">
    Choose the sell action and set your asking price in USDC.

    <Note>
      If your asking price is more than 30% below the card's fair market value, the app warns you before the listing is confirmed.
    </Note>
  </Step>

  <Step title="Manage the listing">
    While listed, the card shows a Manage listing state where you can change the price or delist. The card remains yours until it sells.
  </Step>

  <Step title="Receive USDC">
    When a buyer purchases the card, you receive the sale price minus the 2% sell fee.
  </Step>
</Steps>

## The sell fee

Selling on the marketplace carries a fee of 2% of the sale price, charged by Collector Crypt. Jupiter charges no additional marketplace fee.

**Worked example.** You list a card at 100 USDC and a buyer purchases it with Buy now. You receive 98 USDC: the 100 USDC sale price minus the 2 USDC fee.

Buying carries no marketplace fee: the buyer pays the asking price plus Solana network fees.

## Marketplace, buyback, or shipping?

The marketplace is one of three ways to realize the value of a card, each with different trade-offs:

| Option | Price | Availability |
| - | - | - |
| [Instant buyback](/user-docs/trade/gacha/instant-buyback) | 85% to 93% of insured value, guaranteed | 3 days after the pull |
| Marketplace | Any price a buyer will pay, minus 2% | Anytime |
| [Ship home](/user-docs/trade/gacha/shipping) | Not a sale: you receive the physical card | Anytime |


# Opening Packs
Source: https://docs.jup.ag/user-docs/trade/gacha/opening-packs

How to open Jupiter Gacha packs: pack tiers and prices by provider, drop odds, expected value, Turbo mode, the rip reveal, and how the card pool inside each machine works.

Packs are the entry point of Jupiter Gacha. Each pack tier draws from its own pool of collectibles, called the machine pool, with fixed odds per rarity tier. Most pools contain graded trading cards; watch pack pools mix luxury watches with graded cards, and the Sport Practice and Pokemon Trainer packs mix graded slabs with ungraded cards. Packs come from one of two [providers](/user-docs/trade/gacha/providers), Collector Crypt or Phygitals, and a few rules differ between them, called out below.

## Prerequisites

To open a pack you need:

* A connected Solana wallet
* Enough USDC to cover the pack price
* A small amount of SOL for Solana network fees

There is no platform fee on pack openings. You pay the pack price plus network fees. Phygitals packs are also subject to Phygitals' [geographic restrictions](/user-docs/trade/gacha/providers#geographic-restrictions).

<Note>
  If your wallet does not hold enough USDC for the selected quantity of packs, the app offers to swap the missing amount from the token with the highest balance in your wallet, provided that balance is worth slightly more than the shortfall (about a 5% buffer). Without any balance to cover it, the Open pack button shows "Insufficient USDC". Opening also fails without SOL for network fees. See the [FAQ](/user-docs/trade/gacha/faq) for troubleshooting.
</Note>

## Pack tiers

Pack prices are displayed live in the app, and the lineup evolves over time: packs can be added or retired. Current tiers:

<Tabs>
  <Tab title="Pokemon">
    | Pack | Price (USDC) | Provider | Notes |
    | - | - | - | - |
    | Trainer | 10 | Phygitals | Contains ungraded cards alongside graded slabs |
    | Silver | 25 | Collector Crypt | |
    | Gold | 50 | Collector Crypt | |
    | Degen | 100 | Collector Crypt | Jupiter exclusive, labelled "High Voltage" in the app. High volatility: the pool carries chase cards valued around \$10,000, with a correspondingly higher risk of low-value pulls |
    | Diamond | 250 | Collector Crypt | |
    | Blaze | 420 | Collector Crypt | Jupiter exclusive. Fire-type Pokemon only |
    | Grail | 1,000 | Collector Crypt | |
    | God | 2,500 | Collector Crypt | |
    | Immortal | 5,000 | Collector Crypt | Highest tier |
  </Tab>

  <Tab title="One Piece">
    | Pack | Price (USDC) | Provider | Notes |
    | - | - | - | - |
    | Straw Hat | 50 | Collector Crypt | |
    | Emperor | 250 | Collector Crypt | |
    | Gorosei | 1,000 | Collector Crypt | |
    | Throne | 2,500 | Phygitals | Highest One Piece tier. Supplied by Phygitals, so it follows the Phygitals rules below rather than the Collector Crypt ones |
  </Tab>

  <Tab title="Watches">
    | Pack | Price (USDC) | Provider | Notes |
    | - | - | - | - |
    | Chrono | 250 | Collector Crypt | |
    | Master | 500 | Collector Crypt | |
    | Timepiece | 500 | Collector Crypt | Watches only, no cards in the pool |

    The Chrono and Master pools mix luxury watches (Rolex models among the chase pulls) with graded Pokemon cards; the Timepiece pool holds watches only. Watches are authenticated by WristCheck; the odds, Turbo mode, and instant buyback work exactly as on card packs.
  </Tab>

  <Tab title="Sport">
    | Pack | Price (USDC) | Provider | Notes |
    | - | - | - | - |
    | Practice | 5 | Phygitals | Basketball, baseball, football, and soccer cards. Contains ungraded cards alongside graded slabs |
    | All-Star | 100 | Phygitals | Basketball, baseball, football, and soccer cards |
    | Hall of Fame | 1,000 | Phygitals | Basketball, baseball, football, and soccer cards. Graded slabs |

    Sport packs are supplied by Phygitals: no Turbo mode, a 7-day buyback window, and no shipping or marketplace listing from Jupiter Gacha (both go through Phygitals or external marketplaces). See [Providers](/user-docs/trade/gacha/providers#what-differs).
  </Tab>

  <Tab title="Riftbound">
    | Pack | Price (USDC) | Provider | Notes |
    | - | - | - | - |
    | Calm | 25 | Phygitals | Riftbound trading cards |
    | Chaos | 100 | Phygitals | Riftbound trading cards |

    Riftbound is the newest category on Jupiter Gacha. Both packs are supplied by Phygitals, so they follow the Phygitals rules: no Turbo mode, a 7-day buyback window, and no shipping or marketplace listing from Jupiter Gacha. See [Providers](/user-docs/trade/gacha/providers#what-differs).
  </Tab>
</Tabs>

When a pack is retired, as the Pokemon Water pack has been, it disappears from the packs page but stays visible and openable for users who still hold free copies of it.

Each pack page shows two views:

* **What's Inside?** lists the actual items currently in that pack's machine pool, with their grading and value. A "Guaranteed Authenticity" badge confirms every item in the pool is authenticated: graded cards as slabs (PSA, CGC, Beckett, BGS), watches by WristCheck, ungraded cards by the provider's vault partners. If a provider publishes only its highlight cards rather than the whole pool, the view says so below the list.
* **Latest Pulls** is a feed of recent pulls from that pack across the platform, with the value of each pull and its gain percentage relative to the pack price.

## How to open a pack

<Steps>
  <Step title="Choose a pack">
    Go to the Packs page. Packs are organised by theme tabs (Spotlight, All packs, Pokémon, Watches, One Piece, Sport, Riftbound) with curated highlights, and each theme presents its packs as a carousel: drag to spin and tap a pack to select it. Review the Statistics & odds panel and the What's Inside view before buying.
  </Step>

  <Step title="Set the quantity">
    Choose how many packs to open in one session. If you own free or gifted packs for this tier, they are consumed first, before any USDC is spent.
  </Step>

  <Step title="Confirm the transaction">
    Click Open pack and approve the transaction in your wallet. The total is the pack price multiplied by the quantity, plus network fees. If a USDC top-up swap is needed, the swap and the pack spend are disclosed together before you approve. Opening several packs at once is also a single approval, even when the purchase is split into several transactions. Sell & rip again is the exception: it asks for two approvals, the sale first, then the next pack once the proceeds have landed in your wallet.
  </Step>

  <Step title="Reveal your pull">
    The pack rips open and your pull is revealed with effects matching its rarity. The sequence plays inside the pack box by default, with a toggle to send it full screen; on phones it plays full screen by default. Tap the revealed card to turn it over and see its back. When you open several packs at once, they rip one after the other, or all at once.

    On a Collector Crypt pack, the draw runs through Collector Crypt's on-chain [verifiable randomness](/user-docs/trade/gacha/verifiable-randomness) program and the card is yours as soon as the transaction confirms. On a Phygitals pack, Phygitals settles the opening on its side after you approve, so the reveal can take a few seconds.

    The card is added to your Collection and its instant buyback window starts: 3 days on a Collector Crypt pack, 7 days on a Phygitals pack. From the reveal you can sell the pull back at the buyback rate, use **Sell & rip again** to sell it and open another pack of the same tier (two wallet approvals: the sale, then the purchase), or keep it and rip another.
  </Step>
</Steps>

<Tip>
  If a card you just pulled does not appear in your Collection immediately, refresh the page. Display can lag a few moments behind the on-chain state.
</Tip>

## Odds and rarity tiers

Every pack displays its own drop odds by rarity tier in the Statistics & odds panel, together with indicative value ranges per tier. Odds differ from pack to pack. Value ranges depend on the current machine pool and change over time.

Collector Crypt packs use five tiers: Common, Uncommon, Rare, Epic, and Legendary. Phygitals packs use tiers set per pack by Phygitals, which add a Mythic tier above Legendary and can use as few as two tiers on a given pack. The panel always shows the tiers that apply to the pack you are looking at.

Two properties of the odds are guaranteed:

* **Odds are fixed.** The displayed percentages never change, regardless of how many cards remain in the machine pool.
* **Odds are per rarity tier, not per card.** Which specific card you receive within a tier depends on the current pool contents.

<Warning>
  Read the odds panel before opening. On most packs, the majority of pulls fall in the lowest rarity tier, with values below the pack price. The instant buyback guarantees a floor on every pull, not a profit.
</Warning>

## Expected value

Each pack displays an expected value: the average pull value calculated from the current contents of the machine pool. The expected value is dynamic. It is recalculated as cards leave the pool (pulled by users) and re-enter it (sold back through the buyback). Do not treat the expected value as a prediction of any single pull.

## The machine pool

Each pack tier draws from a dedicated pool of physical cards. The pool evolves over time:

* Cards leave the pool when they are pulled.
* Cards return to the pool when users sell them back through the instant buyback.
* The provider restocks and curates the pool.

When a pool runs low, the two providers react differently:

* **Collector Crypt packs.** If a machine runs too low on common cards, **Turbo mode becomes mandatory** on that machine until it is restocked. If it runs too low on higher rarity cards, **the machine is disabled** until it is restocked.
* **Phygitals packs.** A pack out of stock shows as **Sold out** until Phygitals restocks it. Pick another pack in the meantime.

The displayed odds remain unchanged in every case.

## Turbo mode

Turbo is available on Collector Crypt packs only. Phygitals packs have no Turbo toggle.

Turbo is a toggle on each Collector Crypt pack that automatically sells any Common pull back for USDC at the machine's buyback rate, immediately at reveal. You keep only Uncommon or better pulls, and receive USDC for the rest. Turbo is useful for opening many packs in a row when you only want to keep higher rarity cards.

<Warning>
  Check the Turbo toggle before every opening. While it is on, every Common pull is sold back automatically at the machine's buyback rate the moment it is revealed, and sold cards cannot be recovered.
</Warning>

When you enable Turbo yourself, the app shows a confirmation notice once, explaining that common pulls will be sold automatically. When Turbo is mandatory because the machine is low on commons, the notice is shown on every opening, so you are always aware that a Common pull will be auto-sold.

## Free packs and gifted packs

Free packs earned through [rewards](/user-docs/trade/gacha/rewards) and [packs received as gifts](/user-docs/trade/gacha/gifting#gifting-packs) appear directly on the corresponding pack page. A gifted pack shows an "Open gifted" action in place of the purchase button. Free and gifted packs are always consumed before USDC when you open multiple packs. Gifting is available on Collector Crypt packs only.


# Providers
Source: https://docs.jup.ag/user-docs/trade/gacha/providers

Jupiter Gacha packs come from two collectibles providers, Collector Crypt and Phygitals. Which packs belong to which provider, and how buyback windows, Turbo mode, gifting, shipping, and randomness differ between them.

Jupiter Gacha is a single interface built on two collectibles providers: **Collector Crypt** and **Phygitals**. Each provider supplies its own packs, holds the physical cards in its own vaults, and pays its own instant buyback. The app does not display the provider's name on a pack or a card, so this page is the reference for telling them apart and for the rules that differ between the two.

## Which packs come from which provider

| Provider | Packs |
| - | - |
| Collector Crypt | Every Pokemon pack from Silver to Immortal, the Watch packs, and the One Piece Straw Hat, Emperor, and Gorosei packs |
| Phygitals | Every Sport pack, Pokemon Trainer (\$10), both Riftbound packs (Calm \$25, Chaos \$100), and One Piece Throne (\$2,500) |

Provider does not follow the category: the One Piece tab holds three Collector Crypt packs and one Phygitals pack. Two quick tells in the app: the Instant buyback panel on a pack page reads "within 3 days" on a Collector Crypt pack and "within 7 days" on a Phygitals pack, and Phygitals packs have no Turbo toggle.

## What differs

| | Collector Crypt | Phygitals |
| - | - | - |
| Cards in the packs | Graded slabs only (PSA, CGC, Beckett), plus luxury watches in the Watch packs | Graded slabs (PSA, BGS, CGC). The Sport Practice and Pokemon Trainer packs also contain ungraded cards |
| Rarity tiers | Common, Uncommon, Rare, Epic, Legendary | Set per pack by Phygitals, with a Mythic tier above Legendary |
| Instant buyback window | 3 days from the pull | 7 days from the pull |
| Instant buyback rate | 85% to 93% of the insured value, set per pack | Set per pack. 100% of the card's value on the three launch packs |
| Turbo mode | Available, and mandatory when a machine runs low on commons | Not available |
| Gifting packs | Yes | Yes |
| Selling to other collectors | On the Jupiter Gacha marketplace | Not on Jupiter Gacha. The card is a Solana NFT and can be listed on the Phygitals marketplace, or on a Solana NFT marketplace such as Tensor or Magic Eden. See [Selling a Phygitals card elsewhere](#selling-a-phygitals-card-elsewhere) |
| Shipping | From Jupiter Gacha (Ship home in your Collection), operated by Collector Crypt from its vaulting partners (PSA Vault, OmniVault, and others) | Not from Jupiter Gacha. Redeemed through Phygitals directly, which ships from its US vault partners (PSA Vault, Fanatics Vault, Alt Vault) |
| Randomness | On-chain verifiable randomness (VRF), checkable from your Activity tab | Commit-reveal scheme documented by Phygitals; not checkable from Jupiter Gacha |
| Reveal | As soon as the transaction confirms | Phygitals settles the opening on its side. The reveal can take a few seconds |
| When a pool runs low | Turbo becomes mandatory, or the machine is disabled until restocked | The pack shows as sold out until restocked |
| Rewards | Pack spend counts on the leaderboard; battlepass eligibility is set per campaign | Same: the leaderboard counts spend on every pack, and a campaign can include Phygitals packs |
| Support | Chat widget at [collectorcrypt.com](https://collectorcrypt.com/) | [phygitals.com/contact](https://www.phygitals.com/contact) |

Everything else works the same way on both: you pay the pack price in USDC plus Solana network fees, the odds per rarity tier are displayed on the pack and fixed, your pulls land in your [Collection](/user-docs/trade/gacha/collection), and each card is a token on Solana that you can [send to another wallet](/user-docs/trade/gacha/gifting#sending-a-card-to-another-wallet).

## Collector Crypt

Collector Crypt is the original Jupiter Gacha partner. It supplies the Pokemon packs from Silver to Immortal, the Watch packs, and the One Piece Straw Hat, Emperor, and Gorosei packs, runs the pack draws through its on-chain [verifiable randomness](/user-docs/trade/gacha/verifiable-randomness) program, operates the [marketplace](/user-docs/trade/gacha/marketplace) where Jupiter Gacha cards are bought and sold, and handles [shipping](/user-docs/trade/gacha/shipping) from its vaulting partners. Every card it supplies is a professionally graded slab, and every card page lists the grading company, grading ID, and the vault holding the slab.

For the Collector Crypt infrastructure itself, see the [Collector Crypt documentation](https://docs.collectorcrypt.com/).

## Phygitals

Phygitals is a Solana-based platform that tokenises physical trading cards. It supplies the Sport packs, the Pokemon Trainer pack, the Riftbound packs, and the One Piece Throne pack. Its physical cards are stored in the United States with three vault partners, PSA Vault, Fanatics Vault, and Alt Vault, and Phygitals states that cards in vault custody are insured through those partners against loss, theft, and damage. Holding the token makes you the recognised owner of the physical card.

### Graded and ungraded cards

The Sport Hall of Fame pack contains graded slabs. The Sport Practice and Pokemon Trainer packs mix graded slabs with ungraded cards. Phygitals states that its ungraded cards are in Near Mint or Lightly Played condition. On the card page, an ungraded card shows no grading company and no grade.

### Phygitals cards in your Collection

Cards pulled from Phygitals packs appear in your Collection alongside Collector Crypt cards, and their detail page shows the Grading section when the card is graded, the Metadata section, and the Contract info. There is no Vault details section for these cards. The value displayed as Est. value is Phygitals' fair market value estimate for the card; when Phygitals publishes no estimate, the card shows its current buyback offer instead.

What you can do with a Phygitals card:

* **Sell it back** within 7 days of the pull, at the offer quoted on the card. See [Instant Buyback](/user-docs/trade/gacha/instant-buyback).
* **Keep it.** The card stays vaulted with Phygitals at no cost.
* **Ship it home through Phygitals.** Jupiter Gacha has no shipping flow for Phygitals cards; you redeem the card on phygitals.com. See [Shipping](/user-docs/trade/gacha/shipping#shipping-a-phygitals-card).
* **Sell it elsewhere.** The card is a Solana NFT, so it can be listed outside Jupiter Gacha. See [Selling a Phygitals card elsewhere](#selling-a-phygitals-card-elsewhere).
* **Send it to another wallet**, like any card. See [Gifting](/user-docs/trade/gacha/gifting#sending-a-card-to-another-wallet).

Phygitals cards cannot be listed on the Jupiter Gacha marketplace, which is operated by Collector Crypt, and cannot be shipped from Jupiter Gacha.

### Selling a Phygitals card elsewhere

A Phygitals card is a Solana NFT, so any marketplace that lists Solana NFTs can carry it:

* [Phygitals marketplace](https://www.phygitals.com/marketplace) — the provider's own marketplace, which routes its listings through Solana NFT marketplaces as well.
* [Tensor](https://www.tensor.trade/) — a Solana NFT marketplace.
* [Magic Eden](https://magiceden.io/) — a Solana NFT marketplace.

These are third-party platforms: they set their own fees, and the sale happens entirely outside Jupiter. Jupiter does not endorse any of them, and a card listed there leaves the instant buyback behind once its window has closed.

<Warning>
  Open a marketplace from the links above or from your own bookmark, never from a search result or a link sent to you. Lookalike NFT marketplaces are a common scam: they reproduce the real interface and ask you to connect your wallet and sign, which drains it.
</Warning>

### Geographic restrictions

Purchases and buybacks on Phygitals packs follow Phygitals' [restricted jurisdictions policy](https://docs.phygitals.com/user-agreements/restricted-jurisdictions). In a restricted region, the pack page shows "Pack purchases are not available in your region" and the sell action shows "Buyback is not available in your region".

### Support

For anything specific to a Phygitals card or shipment, contact Phygitals through [phygitals.com/contact](https://www.phygitals.com/contact). For anything else related to Jupiter Gacha, contact [Jupiter support](https://support.jup.ag/). For the Phygitals platform itself, see the [Phygitals documentation](https://docs.phygitals.com/).

## Fees

Opening a pack carries no Jupiter fee on either provider: you pay the pack price in USDC plus Solana network fees. Selling a Collector Crypt card on the marketplace carries Collector Crypt's 2% fee. Shipping fees are set by the provider shipping the card and displayed before you confirm a shipment. There are no other user-facing fees.


# Rewards
Source: https://docs.jup.ag/user-docs/trade/gacha/rewards

Free packs in Jupiter Gacha: battlepass progress rewards, weekly leaderboard prizes, and how to use free packs.

Jupiter Gacha distributes free packs through two reward programs: battlepass progress and leaderboard prizes.

The pack lineup and the rewards pool are refreshed over time. The Watches category joined the lineup with the Chrono and Master packs, followed by the all-watch Timepiece pack in September 2026; earlier reloads added Pokemon Blaze, Pokemon Degen, and One Piece Gorosei, along with new grail cards in the machine pools.

## Ways to earn free packs

### Battlepass progress

USDC spent on eligible packs fills a progress bar shown in the Next free pack widget, visible on the pages of eligible packs and in your Collection. Reaching a tier grants a free pack, no purchase of that pack needed. Eligibility is set per campaign and can include packs from either [provider](/user-docs/trade/gacha/providers).

The battlepass runs in campaigns: which packs are eligible and what the reward is change when a new campaign replaces the previous one. Near the end of a campaign the free pack card shows an **Ending soon** badge, and when no campaign is live the Next free pack widget is hidden entirely. The most recent campaign (every **\$10,000** of volume on the watch packs earned a free Chrono pack, from a **\$50,000** pool) has ended, as had the earlier campaign on packs priced \$100 and above.

### Leaderboard prizes

The leaderboard runs in **seasons**, each split into weekly periods. It ranks users by total pack spend, on every pack whichever provider it comes from; standings update as packs are opened, and your own rank shows under **Your standing**. At the end of each weekly period, prizes are awarded by final rank for that week.

**Season 1 has ended.** It ran for four weekly periods with a \$100,000 prize pool in free packs, and awarded per-week prizes by final rank (from a God Tier pack for rank 1 down to Silver packs for ranks 51 to 90).

With Season 1 over, the leaderboard is no longer shown in the Gacha navigation. This section will be updated when a new season is announced.

## Using free packs

Free packs appear directly on the corresponding pack page, in the pack machine. When you open packs, free packs are consumed first, before any USDC is spent. Free packs behave exactly like purchased packs: same odds, same buyback, same everything.


# Shipping
Source: https://docs.jup.ag/user-docs/trade/gacha/shipping

Receive a Jupiter Gacha card at home: Collector Crypt cards ship from Jupiter Gacha with tracking, fees and customs rules, Phygitals cards through Phygitals.

Any card in your Collection can be redeemed to have the physical card shipped to your address. Shipping is operated end to end by the [provider](/user-docs/trade/gacha/providers) the card came from, and that provider also handles shipping support. Where you start the shipment depends on the provider:

* **Collector Crypt cards** (the Pokemon packs from Silver to Immortal, the Watch packs, and the One Piece Straw Hat, Emperor, and Gorosei packs) are shipped from Jupiter Gacha, with the Ship home action in your Collection. Collector Crypt ships them from its vaulting partners such as PSA Vault or OmniVault.
* **Phygitals cards** (the Sport packs, Pokemon Trainer, the Riftbound packs, and One Piece Throne) cannot be shipped from Jupiter Gacha. You redeem them through Phygitals directly, which ships them from its US vault partners PSA Vault, Fanatics Vault, and Alt Vault.

Jupiter is not involved in the physical logistics of either provider.

## How to ship a Collector Crypt card home

<Steps>
  <Step title="Verify your wallet">
    Open Collection, then the Shipping tab. The first time, you verify your wallet by signing a message with Collector Crypt so your outbound shipments can load. This is a message signature only: no transaction is sent and no fee is charged for the verification itself.

    <Note>
      A Ledger connected to jup.ag cannot sign this verification message: the Solana app on the device only signs transactions, and the request fails with *The app's signature request cannot be shown due to invalid formatting*. This also applies when the Ledger is used through another wallet app, since the device does the signing. The Jupiter team is working on it. In the meantime, open a ticket at [support.jup.ag](https://support.jup.ag/) with your wallet address, your wallet app, and your Ledger model.
    </Note>
  </Step>

  <Step title="Redeem the card">
    Use the Ship home action and select the card or cards to redeem. Shipping multiple cards in one shipment costs less than shipping them separately, because the per-shipment base fee is paid once.
  </Step>

  <Step title="Enter your shipping address">
    Provide the delivery address. No KYC is required, only a shipping address. Collector Crypt ships worldwide, with fees set by zone: United States, Canada, Europe, Australia and New Zealand, and the rest of the world. A few destinations are restricted: an address in one of them is refused at this step with the message "Sorry, we do not ship to \[country] at this time", before any fee is paid or card burned. The address goes directly to Collector Crypt: see [Your shipping data](#your-shipping-data).
  </Step>

  <Step title="Pay the shipping fee">
    Shipping fees depend on your zone, plus a fee for each additional card in the same shipment. The exact amount is displayed in the Ship home flow before you confirm the shipment.

    <Warning>
      International deliveries can incur customs or import duties charged by the destination country. These are set by local authorities, are not included in the shipping fee, and are payable by the recipient on delivery. See [Customs and declared value](#customs-and-declared-value).
    </Warning>
  </Step>

  <Step title="Track the delivery">
    The shipment appears in the Shipping tab with its status, estimated delivery, and a tracking link, typically UPS. The tracking number appears once the vault holding the card has handed the package to the carrier.
  </Step>
</Steps>

## Shipping a Phygitals card

Jupiter Gacha has no shipping flow for cards pulled from a [Phygitals pack](/user-docs/trade/gacha/providers#which-packs-come-from-which-provider): the Ship home action in your Collection only lists Collector Crypt cards. To receive a Phygitals card at home, redeem it through Phygitals' own claim process at [phygitals.com](https://www.phygitals.com/), documented on its [Shipping & Redemption](https://docs.phygitals.com/physical-assets/shipping-and-redemption) page. In summary:

* You provide a shipping address, an email address, and a phone number. Every address field must be written in Latin characters, and PO boxes may not be supported.
* Shipping fees, where they apply, are displayed before you confirm. Phygitals adjusts them to carrier rates and destination.
* Each vault ships its own package, so a claim covering cards held in different vaults can arrive as several parcels. Redeeming several cards at once avoids paying several shipping fees.
* A tracking number is emailed to you when the shipment is dispatched.
* Shipments are insured in transit for the declared value of the cards, which is Phygitals' fair market value at the time of shipment.
* Once the claim is processed, the card's token is permanently retired.

Ungraded cards can be redeemed like graded ones. For help with a Phygitals claim, contact Phygitals through [phygitals.com/contact](https://www.phygitals.com/contact).

## Delivery times

**Collector Crypt** estimates around 2–3 weeks for a delivery within the United States and around 5 weeks for an international delivery. A large part of the time is vault processing, which happens before the package is handed to a carrier: the vault has to pull the slab, pack it, and release it. Collector Crypt does not control how fast each vault works, which is also why a shipment cannot be expedited.

**Phygitals** estimates, for deliveries within the United States, around 2–3 weeks from PSA Vault and around 1–2 weeks from Fanatics Vault or Alt Vault, processing included. International shipments take an additional 1–4 weeks depending on the country, and tracking visibility can be limited once a package crosses borders.

These are estimates, not guarantees.

### Cards from different vaults ship separately

Cards are held by different vaulting partners. For a Collector Crypt card, the vault is listed in the Vault details section of the card's page; Phygitals cards are held with PSA Vault, Fanatics Vault, or Alt Vault. When you redeem several cards at once, each vault ships its own package. One shipment can therefore arrive as several packages, with separate tracking numbers and different delivery dates. Receiving part of your cards first is expected: check the remaining tracking numbers before contacting the provider's support.

## Shipment statuses

Each Collector Crypt shipment is a card in the Shipping tab, listed under Active until it is delivered or cancelled, then under Completed. The card shows the status, the cards included, the amount paid, a progress line (Payment Received, Processing, Pending Shipment, Shipped, Delivered) and the tracking link once the carrier has the package. Expand the card for the order ID, the delivery address, the carrier and the tracking number.

| Status | Meaning |
| - | - |
| Pending Payment | The request exists but the shipping fee payment has not been confirmed yet. |
| Payment Received | The fee is paid and the card burned. The vault has been asked to pull the card. |
| Processing, Pending Shipment | The vault is pulling, packing and releasing the card. The package has not been handed to the carrier yet. |
| In Transit | The carrier has the package. The tracking number and link are shown. |
| Delivered | The carrier reported the delivery. |
| Action Required | Collector Crypt needs something from you before the shipment can continue. Contact its support with the order ID. |
| Cancelled | Collector Crypt cancelled the request. |

## Cancelling or changing a shipment

Jupiter Gacha has no control to cancel a shipment or change its address once it is submitted. The Ship home flow signs the card burn and the shipping fee payment in a single wallet prompt, so by the time the shipment appears in the Shipping tab the card has already left your wallet and the request is with Collector Crypt, which handles it from that point.

To ask for a cancellation or an address change, contact Collector Crypt support as early as possible, through the chat widget at the bottom right of [collectorcrypt.com](https://collectorcrypt.com/) or at [support@collectorcrypt.com](mailto:support@collectorcrypt.com), with the order ID from the shipment card. Collector Crypt decides whether the request can still be stopped, which depends on how far the vault has got: a shipment in Processing or Pending Shipment is still being prepared, while a shipment In Transit is already with the carrier. If Collector Crypt cancels a request, its status changes to Cancelled in the Shipping tab. What happens to the card and to the fee in that case is decided by Collector Crypt, not by Jupiter.

## Customs and declared value

Every package is declared at the value of the cards it contains: the [insured value](/user-docs/trade/gacha/collection#insured-value) recorded by Collector Crypt at the time of redemption for a Collector Crypt card, Phygitals' fair market value at the time of shipment for a Phygitals card. Neither provider declares a shipment as a gift or at a lower value, because the shipment is insured in transit for the declared amount. Any customs or import duties charged by the destination country are calculated on that value and are payable by the recipient; the providers do not collect or remit import taxes.

If you ship to a package forwarding service rather than your own address, Collector Crypt's insurance covers the package only up to the forwarder. Anything that happens to the card after that point, including damage in the forwarder's own onward shipment, is not covered.

## What redeeming means

Redeeming a card converts your on-chain ownership into physical possession. Once the physical card is shipped to you, the card leaves the Jupiter Gacha system: it can no longer be sold back through the buyback or, for a Collector Crypt card, sold on the marketplace, since the card is no longer vaulted. Phygitals permanently retires the token of a claimed card.

<Note>
  There is no deadline to redeem. A card can stay vaulted in your Collection indefinitely at no storage cost, and you can ship it whenever you choose.
</Note>

## Your shipping data

The personal details you enter to ship a card home (name, delivery address, contact information) are collected and processed by the provider operating the shipment: **Collector Crypt** for its cards, **Phygitals** for its cards. Jupiter never receives or stores this data: nothing is kept in Jupiter's databases or logs.

To ask what shipping data a provider holds about you, or to request its deletion, contact that provider: Collector Crypt through the chat widget at the bottom right of [collectorcrypt.com](https://collectorcrypt.com/), Phygitals through [phygitals.com/contact](https://www.phygitals.com/contact).

## Shipping support

The provider that ships a card is responsible for its shipping logistics and shipping support, including questions about delays, customs, and delivery issues.

* **Collector Crypt cards**: use the chat widget at the bottom right of the Collector Crypt app at [collectorcrypt.com](https://collectorcrypt.com/).
* **Phygitals cards**: use [phygitals.com/contact](https://www.phygitals.com/contact).

For anything else related to Jupiter Gacha, Jupiter support remains your contact point.


# Verifiable Randomness
Source: https://docs.jup.ag/user-docs/trade/gacha/verifiable-randomness

How Jupiter Gacha pack draws are made provably fair: Collector Crypt's on-chain verifiable randomness (VRF) on Solana, and Phygitals' commit-reveal scheme.

Every pack draw in Jupiter Gacha is made by a procedure that neither Jupiter nor the provider can steer after the fact, and that you can check yourself. The procedure depends on the pack's [provider](/user-docs/trade/gacha/providers): Collector Crypt packs run through an on-chain verifiable randomness function (VRF) on Solana, and Phygitals packs run through a cryptographic commit-reveal scheme.

## Why verifiable randomness matters

In a pack opening product, the operator could in principle manipulate which card a draw produces. A verifiable procedure removes that possibility:

* The random value that decides your pull is fixed by a commitment made before the draw, not chosen by a private server at draw time.
* The result comes with a cryptographic proof that the value was generated correctly and was not chosen or altered after the fact.
* Anyone with the proof can check it, without trusting Jupiter or the provider.

Combined with the fixed, displayed odds per rarity tier, this means both the probabilities and the individual draws are auditable.

## Collector Crypt packs: on-chain VRF

Draws on [Collector Crypt packs](/user-docs/trade/gacha/providers#which-packs-come-from-which-provider) run through Collector Crypt's verifiable randomness function, implemented as an on-chain program on Solana. The random value is generated by the program, the proof is recorded on Solana, and anyone can check it on-chain.

Each of these openings has an associated on-chain transaction and randomness proof. To verify a draw, open [Collection](/user-docs/trade/gacha/collection), go to the Activity tab, select one of your openings, and click Verify to see the randomness proof and the related on-chain details for that draw.

For technical details on the VRF implementation, refer to [cc-vrf](https://vrf.collectorcrypt.com/), Collector Crypt's permissionless on-chain VRF for Solana implementing RFC 9381 ECVRF.

## Phygitals packs: commit-reveal

Draws on [Phygitals packs](/user-docs/trade/gacha/providers#which-packs-come-from-which-provider) run through Phygitals' commit-reveal scheme, documented on its [provable fairness page](https://docs.phygitals.com/platform-features/provable-fairness):

1. **Commit.** Before the pack is opened, Phygitals' server generates a secret seed and publishes its SHA-256 hash.
2. **Reveal.** When you open the pack, a client seed unique to you and the transaction is combined with the server seed by a publicly disclosed algorithm to determine which card you receive.
3. **Verify.** Phygitals then discloses the server seed, so that anyone can hash it, compare the hash with the published commitment, and replay the algorithm to confirm the outcome.

Because the commitment is made before the client seed exists, neither side can steer the result. This procedure is cryptographic rather than on-chain: the proof is a hash and an algorithm, not a Solana transaction.

Jupiter Gacha does not display the seeds or the hash of a Phygitals draw, and there is no Verify action for these pulls in your Activity tab. Phygitals publishes the proofs of pack openings to the Phygitals account that made them. For a Phygitals pack opened on Jupiter Gacha, the fairness guarantee therefore rests on Phygitals' published procedure rather than on a proof you can check yourself.

## What the guarantees do not cover

Both procedures guarantee that each draw is random and tamper-proof within the displayed odds. They do not change the odds themselves: on most packs, the majority of pulls fall in the lowest rarity tier, as shown in each pack's odds table. Provable fairness means the game is fair, not that it is profitable.


# Beta Markets
Source: https://docs.jup.ag/user-docs/trade/perps/beta-markets

Jupiter Perps Beta markets, powered by GUM: JUP, HYPE, ZEC and stock perps on USDC collateral, with hourly funding, taker and maker fees, one net position.

Beta markets are the perpetual markets Jupiter Perps offers beyond SOL, ETH, and wBTC. They are powered by GUM, an orderbook trading engine, rather than by the JLP pool, and they follow different rules: USDC collateral, a funding rate instead of a borrow fee, taker and maker fees, and one net position per market. On jup.ag they carry a **Beta** badge in the market selector, whose details read *Orderbook perpetuals powered by GUM* and link to this page; the SOL, ETH, and wBTC markets carry a **JLP** badge described as *Perpetuals priced by oracles, with liquidity from the JLP pool*. Beta markets are not available in the Jupiter Mobile app, whose Perps tab offers SOL, ETH, and wBTC only. This page covers those differences. Everything not mentioned here works as described on the other Perps pages.

<Note>
  Beta markets are in early release with limited features: take profit and stop loss orders are not available, position and order sizes are capped, and leverage limits vary by market. The Beta badge next to a market opens this list on jup.ag. In the trade form, the **Take Profit / Stop Loss** box stays disabled and its info icon reads *"Take Profit / Stop Loss is not available for \[market]."*
</Note>

## Who can trade Beta markets

Beta markets are in early access for JUP stakers. Eligibility is measured on the JUP actively staked by your connected wallet on [vote.jup.ag](https://vote.jup.ag/).

<Info>
  Until that stake reaches the required amount, the trade button on every Beta market is replaced by a link reading **Stake 69 JUP for early access**, which opens vote.jup.ag so you can stake first. The amount, 69 JUP, is the same on all six markets and is shown on the button itself; it can change, and the button prevails. The check runs again when you submit an order, so unstaking below the threshold blocks new trades.
</Info>

Staking is not needed for the SOL, ETH, and wBTC markets.

## Available markets

| Market | Category | Maximum leverage |
| - | - | - |
| JUP | Crypto | 10x |
| HYPE | Crypto | 20x |
| ZEC | Crypto | 20x |
| SPCX (SpaceX) | Stock | 20x |
| SNDK (SanDisk) | Stock | 20x |
| SKHYNIX (SK hynix) | Stock | 20x |

Collateral is USDC on every Beta market, for longs and shorts alike. The market selector groups markets under the tabs All, Favourite, Crypto, and Stock, and the star next to a market adds it to your favourites. Each Beta market shows its maximum leverage as a badge. The values above are the launch settings and can be adjusted by the trading engine, so the badge in the app prevails.

The market header shows the **Mark Price**, the fair value the engine calculates for the contract and uses for liquidations. The chart follows the last traded price, so the two can differ briefly, especially on thin markets or, for stock markets, while the underlying exchange is closed. **Open Interest** counts the long and short sides together.

### Stock markets

SPCX, SNDK, and SKHYNIX are perpetual markets on the price of a stock: SpaceX, SanDisk, and SK hynix. Their price comes from a Chainlink oracle. They trade around the clock, seven days a week, including while the underlying stock exchange is closed, and there are no trading halts. A position gives you exposure to the reference price only: it carries no shares, dividends, or voting rights.

## How Beta markets differ from JLP markets

| | SOL, ETH, wBTC (JLP markets) | Beta markets |
| - | - | - |
| Counterparty | The JLP pool | GUM's orderbook trading engine |
| Collateral | The traded asset (long) or USDC (short) | USDC, for longs and shorts |
| Cost of holding | Hourly borrow fee, deducted from collateral | Funding between longs and shorts, applied hourly |
| Trading fees | Base fee and price impact fee | Taker fee (market orders) or maker fee (limit orders) |
| Positions | Up to one long and one short per asset, same-side trades merge | One net position per market |
| Take profit / stop loss | Available | Not available |
| Leverage | 1.1x to 250x | 1.1x to the market's own maximum |
| Liquidation trigger | Oracle price reaches the liquidation price | Mark price reaches the liquidation price |
| After a liquidation | All remaining collateral goes to the JLP pool | Remaining collateral, minus the liquidation fee, is returned to you |
| Header statistics | Available liquidity and borrow rate | Open interest, funding rate and countdown, and the **Position Cap** your account has left |

## Funding rate and countdown

Beta markets charge a funding rate instead of a borrow fee. Funding accrues while your position is open and is applied to it every hour, on the hour (UTC). The rate displayed is the one-hour rate, and each payment is calculated on your position value at the time it is applied. Funding keeps the perpetual price aligned with the underlying market.

* A positive rate means longs pay shorts.
* A negative rate means shorts pay longs.

The market header and the trade form show the current one-hour rate under **Funding (1H)**, and the **Countdown** next to it is the time until the next hourly payment, in minutes and seconds. Hover the rate to see the eight-hour and annualised equivalents: both are simple multiples of the current one-hour rate, not forecasts. Funding accrued on an open position appears as **Funding Accrued** when you edit its collateral, and past payments are listed under **Funding History**.

## Fees

Beta markets charge a fee on every order, shown in the trade form and in the close form as an approximate USD amount before you confirm.

| Fee | Rate |
| - | - |
| Maker fee | 0.005% of the order value (0.5 bps), on limit orders that rest on the book |
| Taker fee | 0.035% of the order value (3.5 bps), on market orders and on limit orders that execute immediately |
| Liquidation fee | 0.75% of the position value on the crypto markets (JUP, HYPE, ZEC); 1% on the stock markets (SPCX, SNDK, SKHYNIX) |

The form labels the fee **Taker Fee** on market orders and **Maker Fee** on limit orders. That label is a prediction: a limit order whose price already crosses the market executes immediately and pays the taker fee. The fee actually charged follows how the order filled.

There is no base fee, no price impact fee, and no borrow fee on Beta markets. Solana network fees apply to the transactions you sign. The rates above are set by the trading engine and can be adjusted; the form always shows the current order fee.

## Opening a position

<Steps>
  <Step title="Select a Beta market">
    Pick the market in the selector. The badge shows its maximum leverage.
  </Step>

  <Step title="Choose Long or Short and set your collateral">
    Collateral is USDC only, at least \$10; the token selector is locked. Leverage runs from 1.1x to the market's maximum.
  </Step>

  <Step title="Check the order summary">
    The form shows the entry price, the estimated liquidation price, the estimated order leverage, your slippage setting, and the taker or maker fee. The estimated order leverage can come out below the preset you picked, because the order is sized against the liquidity available within your slippage: at 20x on a thin market, the executed leverage may land nearer 19x. If the order is outside the market's limits, the form says so: minimum order size, minimum order value, maximum order size, or a limit price outside the allowed range.
  </Step>

  <Step title="Sign the order">
    Approve the transaction in your wallet. The order goes to the trading engine, and the app confirms once it has been processed.
  </Step>
</Steps>

<Note>
  If the confirmation does not come back within a few seconds, the app checks your open orders, order history, and positions for up to two minutes. If the outcome is still unknown, it shows **Transaction Timed Out** with a **Refresh page** action. Orders are never resubmitted automatically: check your positions and open orders before placing the order again.
</Note>

### How orders execute

| Order | What happens |
| - | - |
| Market order to open | Executes immediately against the orderbook, within your slippage setting. The part the book cannot fill at that price is cancelled rather than left waiting. |
| Limit order to open | Rests on the book until it fills or you cancel it. It has no expiry. |
| Market order closing the whole position | All or nothing: if the entire position cannot be closed within your slippage, nothing is closed and the position stays open. |
| Market order closing part of a position | Can fill partially. Check the remaining size afterwards. |
| Limit order to close | Only ever reduces the position, and waits for its price. It is not a stop loss. |

<Warning>
  Submitting an order is not the same as filling it. A partial fill leaves you with a smaller position than requested, and a failed full close leaves the position open. Read the position size and the open orders after every market order.
</Warning>

### One net position per market

A Beta market holds a single net position. Opening a trade in the opposite direction to your existing position does not create a second position: it reduces the position, closes it if the sizes match, or reverses it if the new trade is larger. Trades in the same direction increase the position. Positions on Beta markets are isolated: each has its own collateral, and the leverage shown on the position is its value divided by that collateral.

### When only limit orders are available

If the trading engine flags a market as unhealthy, the app switches that market to limit orders only. The trade form disables Market, moves you to Limit, pre-fills the current mark price, and shows *"Market orders are temporarily unavailable for \[market]. Only limit orders are available."* On an open position, the Close form does the same, Quick Close is disabled with *"Quick close is unavailable for \[market]. Use Close and select Limit."*, and Close All is disabled for your whole account while any of your positions sits on such a market. A limit close waits for its price to be reached: it is not a stop loss and does not protect the position from liquidation.

## Closing a position

Open the position and choose **Close**. You can close at market or with a limit order, pick the **Close Size** with percentage shortcuts, and the form shows the estimated PnL, the fee, and the USDC you receive. A limit close appears under Open Orders until its price is reached. Quick Close, the lightning icon next to Close, closes the whole position at market with a built-in price protection.

<Tip>
  The History tab lists individual orders and fills, and Funding History lists funding payments; there is no per-position profit summary, since a position can be reduced, reversed, or rebuilt over time. If the USDC from a close does not show in your wallet right away, allow a few minutes and check History before acting again.
</Tip>

## Adding or withdrawing collateral

Open the position and choose **Collateral** to deposit or withdraw USDC. Each deposit is at least 5 USDC. The editor shows the resulting leverage and liquidation price, the collateral after the change, and the funding accrued so far. Withdrawals are capped slightly below your free collateral so the position keeps a safety margin.

## Liquidation

A Beta market position is liquidated when the mark price reaches its liquidation price, that is when its collateral no longer covers the maintenance margin: 2.5% of the position value on most markets, 5% on JUP. A liquidation fee applies: 0.75% of the position value on JUP, HYPE, and ZEC, and 1% on SPCX, SNDK, and SKHYNIX. Whatever collateral remains after the loss and the fee is returned to you.

<Note>
  This differs from the JLP markets, where all remaining collateral goes to the pool. The liquidation price shown in the trade form and on the position is an estimate. In your History, a position closed by the engine rather than by you is labelled Liquidation. There is no auto-deleveraging on Beta markets at launch.
</Note>

## Beta market limits

| Limit | Value at launch |
| - | - |
| Take profit and stop loss | Not available on Beta markets |
| Position value per account and market | \$50,000; \$10,000 on JUP. Shown in the market header and above the trade form as **Position Cap**: the room your account has left, not the depth of the orderbook (the JLP markets keep their **Available Liq.** label) |
| Open interest per market | \$5,000,000; \$1,000,000 on JUP |
| Minimum order value | \$5 on every market |
| Maximum order value | Set per market, lower for market orders than for limit orders. On SPCX, a single market order can be worth up to \$5,000 and a limit order up to \$25,000 |
| Leverage | Maximum set per market and shown as a badge in the selector |

The form tells you which limit an order exceeds. All caps above are launch values that the trading engine can adjust.

Before you sign, the form re-checks the order against your account's remaining capacity, its margin needs and the live orderbook. If the quote has gone stale or the book no longer holds enough liquidity to fill the whole order, it asks you to refresh instead of resizing the order silently. When an increase must also cover a margin shortfall on the existing position, the market order is sent fill-or-kill (it fills entirely or is cancelled), and the same increase as a limit order requires adding collateral first.


# Jupiter Perps FAQ
Source: https://docs.jup.ag/user-docs/trade/perps/faq

Frequently asked questions about Jupiter Perps: positions, collateral, fees, liquidation, order behavior, and chart tools and settings.

For JLP-related questions (yield, loans, delta-neutral vault), see the [JLP FAQ](/user-docs/earn/jlp/faq).

***

## Positions & Collateral

<AccordionGroup>
  <Accordion title="Who can trade Beta markets?">
    Beta markets are in early access for JUP stakers, measured on the JUP actively staked by your connected wallet on vote.jup.ag. Until that stake reaches the required amount, the trade button reads **Stake 69 JUP for early access** and opens [vote.jup.ag](https://vote.jup.ag/). The amount, 69 JUP, is the same on every Beta market and shown on the button, which prevails if it changes. SOL, ETH, and wBTC do not require staking. See [Beta Markets](/user-docs/trade/perps/beta-markets#who-can-trade-beta-markets).
  </Accordion>

  <Accordion title="Can I trade Beta markets in the Jupiter Mobile app?">
    No. Beta markets are only available on jup.ag. The Perps tab of the Jupiter Mobile app offers the JLP markets (SOL, ETH, wBTC) only. See [Perps on Mobile](/user-docs/global/mobile/swaps-and-orders#perps-on-mobile).
  </Accordion>

  <Accordion title="Why did only part of my market order fill, and where did the rest go?">
    On Beta markets a market order executes against the orderbook within your slippage setting. If the book cannot fill all of it at that price, the unfilled part is cancelled rather than left waiting, so your position ends up smaller than requested. Check the position size after execution. Closing a whole position at market works the other way: it is all or nothing. See [How orders execute](/user-docs/trade/perps/beta-markets#how-orders-execute).
  </Accordion>

  <Accordion title="Why can I only place limit orders on a market right now?">
    The trading engine has flagged that market as unhealthy, so the app accepts limit orders only. Market, Quick Close, and Close All are disabled until the market recovers; the form switches to Limit and pre-fills the mark price. A limit close waits for its price and does not protect you from liquidation. See [When only limit orders are available](/user-docs/trade/perps/beta-markets#when-only-limit-orders-are-available).
  </Accordion>

  <Accordion title="I closed a Beta market position but the USDC is not in my wallet yet.">
    Settlement is usually quick, but testers have seen it take several minutes. Check the **History** tab to confirm the close filled, then allow a few minutes before acting again. If the funds still have not arrived, contact support with the close time and the market.
  </Accordion>

  <Accordion title="What do the Beta and JLP badges on a market mean?">
    **Beta** marks the [Beta markets](/user-docs/trade/perps/beta-markets): JUP, HYPE, ZEC, and the tokenised stocks. They are powered by GUM, an orderbook trading engine, with USDC collateral, an hourly funding rate, taker and maker fees, and one net position per market, and they are in early release: no take profit or stop loss, capped position and order sizes, and leverage limits that vary by market. **JLP** marks SOL, ETH, and wBTC, the markets priced by oracles and backed by the JLP pool, which the rest of the Perps pages describe.
  </Accordion>

  <Accordion title="What does the Countdown next to Funding (1H) mean?">
    On Beta markets, funding is applied every hour, on the hour (UTC), between longs and shorts. **Funding (1H)** is the current hourly rate, and **Countdown** is the time left until the next payment, in minutes and seconds. A positive rate means longs pay shorts, a negative rate means shorts pay longs. See [Funding rate and countdown](/user-docs/trade/perps/beta-markets#funding-rate-and-countdown).
  </Accordion>

  <Accordion title="Why can't I set a take profit or stop loss on some markets?">
    Take profit and stop loss orders are not available on Beta markets yet. They remain available on SOL, ETH, and wBTC.
  </Accordion>

  <Accordion title="I opened a trade in the opposite direction on a Beta market and my position shrank. Why?">
    Beta markets hold one net position per market. A trade in the opposite direction reduces your existing position, closes it if the sizes match, or reverses it if the new trade is larger. To hold a long and a short on the same asset at once, use the JLP markets (SOL, ETH, wBTC), where each side is a separate position. See [One net position per market](/user-docs/trade/perps/beta-markets#one-net-position-per-market).
  </Accordion>

  <Accordion title="What markets and directions are available on Jupiter Perps?">
    Jupiter Perps offers leveraged long and short positions on nine markets. SOL, ETH, and wBTC trade against the JLP pool, with up to 6 simultaneous positions, one per asset per direction. The six [Beta markets](/user-docs/trade/perps/beta-markets), JUP, HYPE, ZEC, SPCX, SNDK, and SKHYNIX, are powered by GUM with USDC collateral and hold one net position per market.
  </Accordion>

  <Accordion title="Can I use any token as collateral?">
    You can use any SPL token supported by Jupiter Swap as your input when opening a position or depositing collateral. The exchange automatically swaps it to the correct underlying collateral token before the position is opened. You do not need to swap manually beforehand.
  </Accordion>

  <Accordion title="Why do long and short positions use different collateral tokens?">
    Long positions use the underlying asset as collateral (SOL for SOL longs, wETH for ETH longs, wBTC for wBTC longs). Short positions use USDC as collateral regardless of the shorted asset.

    This design protects the pool from scenarios where a series of profitable trades could deplete its reserves.
  </Accordion>

  <Accordion title="Why is my collateral size fixed in USD even when the token price moves?">
    When you deposit collateral, the exchange records its value in USD at the time of deposit. That USD value remains fixed for the lifetime of the position, regardless of subsequent price movements in the collateral token.

    **Example:** Depositing \$100 worth of SOL records your collateral as \$100 USD. If SOL price later moves 50% in either direction, your recorded collateral size for this position remains \$100.
  </Accordion>

  <Accordion title="I opened a new SOL long but I don't see a second position. What happened?">
    Jupiter Perps allows only one position per asset per side. If you open a new position on the same asset and direction as an existing one, both are automatically merged into a single position.

    After the merge:

    * The combined leverage is the average of both positions' leverage
    * The combined size equals the total collateral multiplied by the combined leverage
    * Any existing TP/SL orders are preserved
  </Accordion>

  <Accordion title="I closed a profitable long position but received less than expected. Why?">
    For long positions, profits are paid in the underlying token (e.g. SOL for a SOL long). The USD profit is converted to tokens at the price at the time of closing, not at your entry price.

    **Example:** A SOL long closed with a total value of \$150 when SOL = \$110 returns `\$150 / \$110 = 1.3636 SOL`.

    The PnL shown on the interface is before fees. The exact net amount is shown under the Deposit/Withdraw tab.
  </Accordion>

  <Accordion title="How does my average entry price change when I add to an existing position?">
    When you increase an existing position, the new average entry price reflects the unrealized PnL of the original position — not a simple average of the two entry prices.

    **Adding to a profitable long:** Your effective cost basis improves (average entry is lower than the simple average) because the existing profits reduce the effective cost of the combined position.

    **Adding to a losing long:** Your effective cost basis worsens (average entry is higher than the simple average) because the existing losses increase the effective cost of the combined position.

    The same logic applies in reverse for short positions.
  </Accordion>

  <Accordion title="Can I partially close a position?">
    Yes. From the Positions tab, you can choose to close a position partially or fully. When reducing position size partially, the collateral is adjusted proportionally to maintain the same leverage ratio.
  </Accordion>

  <Accordion title="What does the lightning button next to Close do?">
    It is **Quick Close**: one click sends an order to close the whole position at the current price, with USDC as the output token. A confirmation dialog appears the first time, with a **Don't show again** option; after that, the position closes immediately on click. For a partial close or a different output token, use **Close**. See [Quick Close](/user-docs/trade/perps/positions-and-collateral#quick-close).
  </Accordion>

  <Accordion title="Why does my trade require two transactions?">
    On the JLP markets (SOL, ETH, wBTC), Jupiter Perps uses a request fulfillment model. The first transaction submits your trade request to the Solana blockchain. A second transaction is then executed by a keeper — an automated offchain service run by Jupiter — that validates and fulfills the request. The trade is only live once the keeper's transaction is confirmed. On [Beta markets](/user-docs/trade/perps/beta-markets#opening-a-position), you sign a single transaction and the GUM engine confirms the order.
  </Accordion>

  <Accordion title="Is there a minimum position size or minimum collateral?">
    There is no minimum position size, but a position needs at least **10 USD of collateral** and a leverage of at least **1.1x**. Below either threshold the trade button shows the blocking reason, for example "Minimum 10 USD collateral", instead of submitting. Keep a little SOL in the wallet as well: the interface recommends 0.03 SOL to cover the transaction fees of the request and its fulfilment.
  </Accordion>

  <Accordion title="Where can I view my closed position history?">
    Closed position details, including realised PnL and fees paid, can be viewed in the **History** tab of the Jupiter Perps interface, next to **Positions** and **Open Orders** below the chart. For a complete onchain record of all transactions, you can also look up your wallet address on a Solana block explorer such as [Solscan](https://solscan.io).
  </Accordion>

  <Accordion title="Can I export my Perps transaction history?">
    Yes. Open the **History** tab below the chart and click **Export Trades**, at the right of the tab bar. The button needs a connected wallet and builds a CSV of every trade made by that wallet on Perps, JLP and Beta markets together, not only the rows currently displayed, then saves it to your Downloads folder. The export is available on the desktop layout only; on a phone, use the desktop site or look up your wallet on a Solana explorer such as [Solscan](https://solscan.io).
  </Accordion>

  <Accordion title="Why am I asked to acknowledge terms before my first trade?">
    The first time you open a position on Jupiter Perps, an "Acknowledge Terms and Conditions" prompt confirms that you understand how Perps works and accept its risks (including liquidation, network congestion, and limit order behaviour). This prompt appears once and can be skipped on future trades via the "Do not show again" checkbox.
  </Accordion>

  <Accordion title="What is the Leaderboard?">
    The Leaderboard displays the top traders on Jupiter Perps by trading volume, broken down by asset (WBTC, ETH, SOL) and time period. You can find it from the trade page using the **Leaderboard** button at the top.

    The Leaderboard is informational only. It does not award rewards or imply endorsement of any trading strategy. Ranking reflects trading volume, not profitability.
  </Accordion>
</AccordionGroup>

***

## Chart

<AccordionGroup>
  <Accordion title="Why is the mark price different from the price on the chart?">
    On Beta markets the header shows the **Mark Price**, the fair value the trading engine calculates for the contract and uses for liquidations, while the chart follows the last traded price. On a thin market, or on a stock market while the underlying exchange is closed, the two can drift apart for a moment. Liquidation always follows the mark price. See [Beta Markets](/user-docs/trade/perps/beta-markets#available-markets).
  </Accordion>

  <Accordion title="How do I remove the buy/sell indicators from the chart? Where are the Display Options?">
    The Perps chart has no **Display Options** menu (that is a Spot token-page feature). It has two kinds of overlays, each with its own switch:

    * **Lines** for your open positions: entry (`SOL-long`, `SOL-short`), liquidation, take profit, and stop loss. Untick **Positions on chart** in the bar under the chart, next to **Close All**, to hide them without cancelling anything. The × on a TP or SL line does something different: it cancels that order.
    * **Green and red circles** under the candles (B, S, L) marking your past buys, sells, and liquidations on that market. Right-click the chart and choose **Hide marks on bars**; the same item shows them again.

    Both choices are saved in your browser. See [Positions on the Chart](/user-docs/trade/perps/positions-and-collateral#positions-on-the-chart).
  </Accordion>

  <Accordion title="What are the B, S, and L marks on the chart, and how do I hide them?">
    They are your own past trades on that market: green **B** circles for buys, red **S** for sells and **L** for liquidations, grouped per candle (hover one for size and average price). To hide them, right-click the chart and choose **Hide marks on bars**; the setting is saved in your browser and the same item brings them back. See [Past trades on the chart](/user-docs/trade/perps/positions-and-collateral#past-trades-on-the-chart).

    On a phone, it depends on where you trade. On jup.ag in a phone browser, the chart is the same but the menu needs a right-click: a long press on the chart opens the crosshair instead, so the marks stay. The Jupiter Mobile app does not draw past trades on its Perps chart, so there is nothing to hide; the **\$** icon that shows or hides your trades on the app's token chart exists for Spot only.
  </Accordion>

  <Accordion title="Where are the drawing tools, such as trend lines, on the Perps chart?">
    In a toolbar on the left edge of the chart, collapsed by default. Click the small handle halfway down the left edge of the chart to open it. The second button from the top, Trend line tools, holds Trend Line, Ray, Info Line, Extended Line, Trend Angle, Horizontal Line, Horizontal Ray, Vertical Line and Cross Line, plus Parallel Channel and Regression Trend; the other buttons cover Fibonacci tools, patterns, brushes, text, shapes, the measure tool, zoom and the magnet. Pick a tool, then click on the chart to place its points. The toolbar also has buttons to hide, lock or remove all drawings, and the arrow at its right edge collapses it again. The magnifier at the right of the chart header, **Search tool or function**, finds any drawing tool, indicator or setting by name. Drawings are saved in your browser with the rest of the chart state.
  </Accordion>

  <Accordion title="How do I reset the Perps chart to its original view or settings?">
    It depends on what you want back:

    * Zoom and scroll: right-click an empty area of the chart and choose **Reset chart view** (⌥R on Mac, Alt+R on Windows). The entry appears once the view has been moved.
    * Indicators and drawings: the same right-click menu has **Remove indicators** and **Remove drawings**.
    * Colours, scales and other settings: open **Chart settings** with the gear in the chart header, then choose **Apply defaults** from the menu at the bottom left of the dialog (**•••**, or **Template** on a wide window).
    * Price scale on the left instead of the right: right-click the price scale and choose **Move scale to right**. **Apply defaults** does not move it back.

    The chart state is saved in your browser, so a reset only changes the chart there. Your positions, orders and the **Positions on chart** toggle are not affected.
  </Accordion>

  <Accordion title="I can't move the chart up or down. Can I go back to the previous chart?">
    The chart cannot be dragged vertically while its price scale is in Auto mode, which fits the visible candles to the screen. Turn Auto off by dragging the price scale on the right of the chart, by clicking the **A** button at the bottom of that scale, or by unticking **Auto (fits data to screen)** in the scale's menu (the icon at the bottom of the price scale). You can then drag the chart up and down; **Reset price scale** (⌥R on Mac, Alt+R on Windows) or **Auto** brings the automatic framing back. There is no previous chart version to switch to: Jupiter Perps uses one TradingView chart, updated with the app.
  </Accordion>

  <Accordion title="Can I hide the Perps chart?">
    It depends on where you trade:

    * **jup.ag on a computer**: yes. Right-click the candles and choose **Hide**. To show them again, switch to another market and come back: see the next question.
    * **jup.ag in a phone browser** (or a browser window narrower than a tablet): yes. Tap **Trade** at the bottom of the screen to replace the chart with the order form; the Positions, Open Orders and History tabs stay below it. Tap **Chart** to bring the chart back. The choice is saved in your browser.
    * **Jupiter Mobile app**: no, the Perps tab always shows the chart above your positions.
  </Accordion>

  <Accordion title="The candles disappeared from the Perps chart. How do I get them back?">
    They were hidden with **Hide**, in the menu that opens when you right-click the candles. The Perps chart has no menu to show them again: switch to another market, then return to the first one, and the candles are back. Reloading the page does not bring them back, because the chart state is saved in your browser.
  </Accordion>
</AccordionGroup>

***

## Fees & Costs

<AccordionGroup>
  <Accordion title="Why do some markets show a funding rate instead of a borrow rate?">
    SOL, ETH, and wBTC trade against the JLP pool and charge an hourly borrow fee. Beta markets trade on an orderbook engine and charge an hourly funding rate paid between longs and shorts instead, plus a taker fee on market orders or a maker fee on limit orders. There is no base fee or price impact fee on Beta markets. See [Beta Markets](/user-docs/trade/perps/beta-markets#fees).
  </Accordion>

  <Accordion title="What fees should I expect when trading on Jupiter Perps?">
    On the JLP markets (SOL, ETH, wBTC), the main fees to account for are:

    * **Base fee:** 0.06% of trade size, charged on open and close
    * **Price impact fee:** Scales with trade size and open interest imbalance
    * **Borrow fee:** Charged hourly on the borrowed portion of the position, for as long as the position is open
    * **Transaction fee:** SOL network fee per transaction, plus optional priority fees
    * **Swap fee:** Applies if your input token needs to be swapped to the correct collateral token

    A small SOL rent amount is also charged for the request accounts created by each action, and refunded once the request is executed or rejected. See the [Fees](/user-docs/trade/perps/fees) page for full details and formulas.
  </Accordion>

  <Accordion title="Why did I receive several small SOL transfers of about 0.002 SOL after closing positions?">
    They are rent refunds. Every action sent to Jupiter Perps (opening, closing, adding or removing collateral) creates a request account and its token account, each holding a little SOL as rent. When the keeper executes or rejects the request, both accounts are closed and their rent returns to your wallet as small transfers, about 0.002 SOL each. Closing several positions produces several of them. A refund means the request has been processed, not that it was delayed: check the **History** tab to confirm the close filled, since a rejected request also refunds its rent while the position stays open. See [Fees](/user-docs/trade/perps/fees#transaction-and-priority-fees).
  </Accordion>

  <Accordion title="What is the price impact fee and why does it exist?">
    Jupiter Perps executes trades at oracle prices, meaning you get the displayed price regardless of trade size. This eliminates orderbook slippage but creates a risk for JLP holders: large trades could be exploited by moving prices on external exchanges and opening positions on Jupiter to profit from the difference.

    The price impact fee simulates the slippage that would occur on a traditional orderbook exchange. It scales with trade size (linear component) and increases further when the open interest imbalance between longs and shorts exceeds a threshold (additive component). See the [Fees](/user-docs/trade/perps/fees#price-impact-fee) page for full details.
  </Accordion>

  <Accordion title="How are borrow fees charged?">
    Borrow fees accrue hourly and are deducted directly from your collateral for as long as the position is open. The rate depends on the asset's current utilization — the higher the proportion of pool tokens locked in open positions, the higher the borrow rate.

    You can find the current hourly borrow rate for each asset in the Borrow Rate section of the trade form. See the [Fees](/user-docs/trade/perps/fees#borrow-fee) page for the full formula.
  </Accordion>

  <Accordion title="How are token prices determined on Jupiter Perps?">
    Token prices are sourced from onchain price oracles (Edge by Chaos Labs as primary, Chainlink and Pyth as verification and fallback). These oracle prices are used as the mark price for all operations: opening and closing positions, adjusting size, depositing or withdrawing collateral, calculating PnL, calculating liquidation prices, and triggering TP/SL orders.

    Price data used in Jupiter Perps may differ from prices shown on other onchain or offchain aggregators. The Jupiter Perps price chart is the reference to use when making trade decisions.
  </Accordion>
</AccordionGroup>

***

## Liquidation & Risk

<AccordionGroup>
  <Accordion title="What is a PnL call?">
    On the JLP markets (SOL, ETH, wBTC), a PnL call occurs when your unrealized losses reduce your effective margin below the maintenance margin threshold. When this happens, you are prompted to deposit additional collateral to bring the position back above the minimum margin requirement. If no collateral is added and losses continue, the position will be liquidated. Beta markets have no PnL call: a position is liquidated once the mark price reaches its liquidation price, see [Liquidation on Beta markets](/user-docs/trade/perps/beta-markets#liquidation).
  </Accordion>

  <Accordion title="What happens when a position is liquidated?">
    On the JLP markets (SOL, ETH, wBTC), liquidation is triggered when the oracle price reaches the position's liquidation price. The position is automatically closed by the protocol and **all remaining collateral is transferred to the JLP** as a liquidation fee. You will not receive any portion of your collateral back.

    On [Beta markets](/user-docs/trade/perps/beta-markets#liquidation), the trigger is the mark price, a liquidation fee of 0.75% to 1% of the position value applies depending on the market, and whatever collateral remains is returned to you.

    To reduce liquidation risk: deposit additional collateral, reduce leverage, or set a stop loss order to close the position before the liquidation price is reached.
  </Accordion>

  <Accordion title="Why does my liquidation price change over time even if I don't touch my position?">
    Borrow fees are deducted from your collateral on an hourly basis. As your effective collateral decreases, the liquidation price moves closer to the current market price — even without any price movement or manual position changes.

    This effect is most significant at leverage above 10x and for positions held over extended periods. Regularly monitoring your liquidation price is essential.
  </Accordion>

  <Accordion title="What is the maximum leverage available on Jupiter Perps?">
    The maximum leverage available when opening a position is **250x** for SOL, ETH, and wBTC. The leverage slider ranges from 1.1x to 250x. On [Beta markets](/user-docs/trade/perps/beta-markets#available-markets) the cap is set per market and shown as a badge in the selector: 20x at launch, 10x on JUP.

    Note: The liquidation price formula uses an internal protocol limit of 500x to define the minimum maintenance margin threshold. This is a separate parameter and does not affect the leverage available to traders.
  </Accordion>

  <Accordion title="What happens to my limit order if my position gets liquidated?">
    Limit orders are independent from open positions. They remain active after a liquidation event and will continue to monitor the oracle price. If the target price is reached after the liquidation, the limit order will open a new position.
  </Accordion>

  <Accordion title="Can a limit order save my position from liquidation?">
    Not reliably. Jupiter Perps does not enforce FIFO (First-in, First-out) execution ordering. If a limit order and a liquidation transaction are submitted to the network at the same time, whichever is processed first by Solana will execute. The outcome cannot be guaranteed. Do not rely on a limit order as a liquidation prevention mechanism.
  </Accordion>

  <Accordion title="Why can't I create a limit order right now?">
    On the JLP markets (SOL, ETH, wBTC), limit orders cannot be created when the selected market's utilization exceeds 80%. This is a protocol-level restriction to protect pool liquidity under high demand. Wait for utilization to decrease or use a market order instead. Beta markets work the other way round: when the engine flags a market as unhealthy, only limit orders are accepted, see [When only limit orders are available](/user-docs/trade/perps/beta-markets#when-only-limit-orders-are-available).
  </Accordion>
</AccordionGroup>


# Jupiter Perps Fees
Source: https://docs.jup.ag/user-docs/trade/perps/fees

All fees charged on Jupiter Perps: base fee, price impact fee (linear and additive), borrow fee, swap fee, JLP mint/burn fee, and transaction fees.

This page covers every fee type charged on the JLP markets of Jupiter Perps (SOL, ETH, wBTC), including when each fee applies, how it is calculated, and worked examples. [Beta markets](/user-docs/trade/perps/beta-markets#fees) charge a taker or maker fee per order and an hourly funding rate instead of the base, price impact, and borrow fees below.

## Fee Summary

| Fee Type | When Charged | Rate |
| - | - | - |
| Base fee | Open and close | 0.06% of trade size |
| Price impact fee (linear) | Open and close | Scales with trade size |
| Price impact fee (additive) | Open and close | Applies when OI imbalance exceeds threshold |
| Borrow fee | Continuously while position is open | Hourly, based on utilization and position size |
| Swap fee | When a token swap is needed | 10 BPS (non-stables), 2 BPS (stables), adjusted by weightage |
| JLP mint/burn fee | When minting or redeeming JLP | Same weightage-based calculation as swap fee |
| Transaction fee | On every transaction | SOL network fee + optional priority fee / Jito tip |
| Liquidation penalty | On liquidation | All remaining collateral |

<Note>
  The JLP mint/burn fee applies when interacting with the JLP pool directly (minting or redeeming JLP). It is included here because it shares the same weightage-based mechanism as the Perps swap fee. Full JLP details: [JLP Earn](/user-docs/earn/jlp/earn).
</Note>

***

## When Do You Pay Fees?

Fees are charged at three different moments in the life of a position. This summary covers what you can expect at each stage. Each fee is documented in detail in its own section below.

**Opening a position:**

* Base fee (0.06% of trade size)
* Price impact fee (scales with trade size and open interest imbalance)
* Swap fee (only if your input token differs from the position's underlying collateral token)
* SOL transaction fee (network fee + optional priority fee or Jito tip)
* SOL rent for the position's escrow account (returned when the position is closed)

**While the position is open:**

* Borrow fee, charged hourly and deducted from your collateral, for as long as the position is open

**Closing a position:**

* Base fee (0.06% of trade size)
* Price impact fee
* Swap fee (only if you choose to receive profits in a token different from the underlying collateral token)
* SOL transaction fee

<Note>
  If a position is liquidated instead of closed manually, all remaining collateral is forfeited to the JLP. See the [Liquidation Penalty](#liquidation-penalty) section.
</Note>

***

## Fees in the Trade Interface

The trade form on Jupiter Perps shows a live breakdown of all fees before you confirm a position. The values are calculated in real time based on the current market conditions and your selected size, leverage, and collateral.

| Field | What it represents |
| - | - |
| **Entry Price** | The oracle price at which the position would open |
| **Liquidation Price** | The price at which the position would be liquidated (estimate) |
| **Slippage** | Your configured slippage tolerance (default 1%, adjustable in Settings) |
| **Open Fee (0.06%)** | The base fee charged to open the position |
| **Price Impact** | The price impact fee for the trade size and current OI imbalance |
| **Borrow Fees Due** | Borrow fees already accumulated (0 at opening, increases hourly while the position is open) |
| **Transaction Fee** | SOL network fee + any optional priority fee or Jito tip |
| **Account Rent** | SOL rent required to create the position's escrow account (returned when the position is closed) |

<Note>
  Use the breakdown to verify the total cost before submitting a trade. The Borrow Fees Due field updates continuously once the position is open, accessible from the Positions tab.
</Note>

***

## Base Fee

A flat fee of **0.06%** is charged on the trade size when opening or closing a position.

The base fee applies to:

* Opening a position (market or limit order)
* Closing a position (manual, TP/SL, or liquidation)

**Example:**

* Trade size: \$10,000
* Base fee: \$10,000 x 0.06% = **\$6**

<Expandable title="Calculating the Base Fee (code)">
  ```typescript theme={null}
  const BPS_POWER = 10 ** 4; // 10_000

  // Use 'increasePositionBps' for opening, 'decreasePositionBps' for closing
  const baseFeeBps = custody.increasePositionBps;

  const baseFeeBpsDecimals = baseFeeBps / BPS_POWER;
  const openCloseFeeUsd = tradeSizeUsd * baseFeeBpsDecimals;
  ```
</Expandable>

***

## Price Impact Fee

Jupiter Perps executes trades at oracle prices, which means traders receive the displayed price regardless of trade size (no orderbook slippage). To compensate for the risk this creates for JLP holders, a **price impact fee** is charged to simulate the price impact that would occur on a traditional orderbook exchange.

The price impact fee has two components that are summed and capped at a per-asset maximum.

***

### Linear Price Impact Fee

The linear component scales proportionally with trade size. Each asset has a fixed scalar constant (`pricing.tradeImpactFeeScalar`) stored in its custody account.

**Formula:**

```
Linear Fee Coefficient = Trade Size / Price Impact Fee Scalar Constant
Final Linear Fee       = Trade Size × Linear Fee Coefficient
```

<Note>
  The `tradeImpactFeeScalar` value in the custody account is stored in BPS format. Divide by 10,000 to use against USD trade sizes.
</Note>

**Custody accounts (for scalar values):**

* SOL: [7xS2gz2bTp3fwCC7knJvUWTEU9Tycczu6VhJYKgi1wdz](https://solscan.io/account/7xS2gz2bTp3fwCC7knJvUWTEU9Tycczu6VhJYKgi1wdz#accountData)
* BTC: [5Pv3gM9JrFFH883SWAhvJC9RPYmo8UNxuFtv5bMMALkm](https://solscan.io/account/5Pv3gM9JrFFH883SWAhvJC9RPYmo8UNxuFtv5bMMALkm#accountData)
* ETH: [AQCGyheWPLeo6Qp9WpYS9m3Qj479t7R636N9ey1rEjEn](https://solscan.io/account/AQCGyheWPLeo6Qp9WpYS9m3Qj479t7R636N9ey1rEjEn#accountData)

**Example (SOL, at time of writing):**

| Step | Value |
| - | - |
| Trade size | \$10,000 |
| Scalar constant (raw) | 1,250,000,000,000,000 |
| Scalar (÷ 10,000) | 125,000,000,000 |
| Linear fee coefficient | 10,000 / 125,000,000,000 = 0.00000008 |
| **Linear fee** | 10,000 × 0.00000008 = **\$0.0008** |

<Expandable title="Calculating the Linear Price Impact Fee (code)">
  ```typescript theme={null}
  const USDC_DECIMALS = 10 ** 6;
  const BPS_POWER = 10 ** 4;

  // 1. Get scalar from custody account
  const scalar = custody.pricing.tradeImpactFeeScalar;

  // 2. Convert trade size to base units
  const sizeBase = tradeSizeUsd * USDC_DECIMALS;

  // 3. Scale to BPS format
  const sizeBps = sizeBase * BPS_POWER;

  // 4. Fee rate in BPS
  const feeBps = sizeBps / scalar;

  // 5. Final fee in USD
  const feeUsd = (sizeBase * feeBps / BPS_POWER) / USDC_DECIMALS;
  ```
</Expandable>

Reference: [Chaos Labs initial proposal](https://discuss.jup.ag/t/jupiter-perpetuals-price-impact-fee-mechanism/17140)

***

### Additive Price Impact Fee

The additive component applies on top of the linear fee when the **open interest (OI) imbalance** — the difference between total long OI and total short OI for an asset — exceeds a predefined threshold.

Each asset has its own threshold (`priceImpactBuffer.deltaImbalanceThresholdDecimal`), `factor`, `exp`, and `maxPriceImpactFee` values stored in its custody account.

**Formula:**

```math theme={null}
Additive Penalty (BPS) = factor * (newImbalance / Threshold) ^ exp

Additive Penalty (USD) = Trade Size * (Additive Penalty (BPS) / 10000)

Final Price Impact Fee (USD) = min(Linear Fee (USD) + Additive Penalty (USD), Max Fee (USD))
```

If the imbalance is below the threshold, the additive penalty is zero.

**Example (SOL long, at time of writing):**

| Parameter | Value |
| - | - |
| Trade size | \$10,000 |
| New OI imbalance | \$2,000,000 |
| `tradeImpactFeeScalar` | 1,250,000,000 (USD terms) |
| `deltaImbalanceThreshold` | \$750,000 |
| `maxPriceImpactFee` | 50 BPS (0.50%) |

1. **Linear fee:** \$10,000 × 0.000000008 = \$0.00008
2. **Additive penalty:** The imbalance (\$2,000,000) exceeds the threshold (\$750,000), so the penalty formula applies using the SOL-specific `factor` and `exp` values.
3. **Final fee:** min(Linear Fee + Additive Penalty, \$10,000 × 0.50%) = min(..., **\$50**)

<Note>
  `factor` and `exp` are per-custody parameters defined onchain. The exact values can be read from the custody accounts linked above.
</Note>

Reference implementation: [price-impact-fee.ts](https://github.com/julianfssen/jupiter-perps-anchor-idl-parsing/blob/main/src/examples/price-impact-fee.ts)

Additional references:

* [Price Impact Parameter Recommendations – June 2025](https://discuss.jup.ag/t/price-impact-parameter-recommendations-june-3rd-2025/38497)
* [Additive On-Imbalance Price Impact Model](https://discuss.jup.ag/t/additive-on-imbalance-price-impact-model/38562)

***

## Borrow Fee

Traders pay a **borrow fee** for the duration their leveraged position is open. This fee compensates liquidity providers for the capital locked in the position.

Borrow fees compound **hourly** and are deducted from the position's collateral.

### Formula

```math theme={null}
Hourly Borrow Fee = (Total Tokens Locked / Total Tokens in Pool) * Hourly Borrow Rate * Position Size (USD)
```

| Variable | Definition |
| - | - |
| Total Tokens Locked | All tokens locked across all open positions for this asset |
| Total Tokens in Pool | Total tokens deposited for this asset in the JLP |
| Hourly Borrow Rate | Per-asset rate, found in the trade form or via `fundingRateState.hourlyFundingBps` in the custody account |
| Position Size | USD value of the leveraged position |

<Expandable title="Calculating Utilization and Borrow Rate (code)">
  ```
  // Utilization
  IF custody.assets.owned > 0 AND custody.assets.locked > 0:
    utilizationPct = custody.assets.locked / custody.assets.owned
  ELSE:
    utilizationPct = 0

  // Hourly borrow rate
  hourlyFundingDbps = custody.fundingRateState.hourlyFundingDbps
  hourlyBorrowRate  = (hourlyFundingDbps / 1000) * utilizationPct
  ```
</Expandable>

### Worked Example

| Parameter | Value |
| - | - |
| SOL price | \$100 |
| Position size | 100 SOL (\$10,000) |
| Total tokens locked | 200 SOL |
| Total tokens in pool | 1,010 SOL |
| Utilization | 200 / 1,010 = 19.8% |
| Hourly borrow rate | 0.012% (0.00012) |
| **Hourly borrow fee** | (200 / 1,010) × 0.00012 × 10,000 = **\$0.238 / hour** |

<Warning>
  Borrow fees are continuously deducted from your collateral. Over time, this reduces your effective margin and increases your liquidation price. Positions held for extended periods — especially at high leverage — require regular monitoring.
</Warning>

***

## Swap Fee

When a trade involves swapping between JLP-held assets (e.g. depositing SOL collateral to open a USDC-collateral short), a swap fee is charged.

**Base rates:**

* Non-stablecoin assets (SOL, ETH, wBTC): **10 BPS (0.10%)**
* Stablecoin assets (USDC, USDT): **2 BPS (0.02%)**

The final fee is adjusted based on how the swap affects each asset's **current weightage** relative to its **target weightage** in the JLP:

* Swaps that move an asset's current weightage **closer** to its target → fee decreases
* Swaps that move an asset's current weightage **further** from its target → fee increases

The pool uses the **maximum** of the input and output asset's fee when calculating the final swap fee.

**Example:** Swapping SOL → USDC: the SOL base fee (10 BPS) is used, as it is higher than the USDC base fee (2 BPS).

Reference implementation: [calculate-swap-amount-and-fee.ts](https://github.com/julianfssen/jupiter-perps-anchor-idl-parsing/blob/main/src/examples/calculate-swap-amount-and-fee.ts)

***

## JLP Mint & Burn Fee

Minting (depositing assets into the JLP) and burning (redeeming JLP for assets) use the same weightage-based fee calculation as swaps, since both actions change the pool composition.

For more on the JLP pool, mint and burn flows, and yield mechanics: [JLP Earn](/user-docs/earn/jlp/earn).

Reference implementation: [calculate-mint-burn-jlp.ts](https://github.com/julianfssen/jupiter-perps-anchor-idl-parsing/blob/main/src/examples/calculate-mint-burn-jlp.ts)

***

## Transaction and Priority Fees

* Traders pay a SOL network fee for each transaction submitted to Solana.
* Optional **priority fees** or **Jito bundle tips** can be set in the interface to improve transaction processing speed.
* A small SOL amount is used as **rent** for the request accounts created by every action sent to the program: opening, closing, adding or removing collateral. Each request creates a request account and its token account (about 0.002 SOL of rent for the latter). Both are closed as soon as the keeper executes or rejects the request, and their rent comes back to your wallet as separate small SOL transfers. Several actions therefore produce several refunds. The position account itself is reused and never closed, so it returns nothing.

The estimated transaction fee and rent amount (in SOL) are shown in the trade form before confirming.

***

## Liquidation Penalty

When a position is liquidated, **all remaining collateral** is collected by the protocol and distributed to the JLP.

<Warning>
  You will lose your entire remaining collateral upon liquidation, not just the amount required to cover the loss. See the [Liquidation](/user-docs/trade/perps/liquidation) page for how to monitor and avoid liquidation.
</Warning>


# Jupiter Perps: Perpetual Futures on Solana
Source: https://docs.jup.ag/user-docs/trade/perps/index

How Jupiter Perps works: leveraged longs and shorts on SOL, ETH, and wBTC against the JLP pool, plus GUM-powered Beta markets with USDC collateral.

## What is Jupiter Perps?

Jupiter Perps is a perpetual futures exchange built on Solana. It operates as a **trader-to-LP model**: traders borrow assets from the Jupiter Liquidity Pool (JLP) to open leveraged positions, while liquidity providers earn a share of the fees generated by trading activity.

Positions are priced using onchain oracles, which means trades execute at the displayed price without orderbook slippage. A [price impact fee](/user-docs/trade/perps/fees#price-impact-fee) is applied instead to protect liquidity providers from large or imbalanced trades.

***

## Supported Markets

| Asset | Long Collateral | Short Collateral |
| - | - | - |
| SOL | SOL | USDC |
| ETH | wETH | USDC |
| wBTC | wBTC | USDC |

These three markets trade against the JLP pool and carry a **JLP** badge in the market selector on jup.ag. Traders can hold up to **6 simultaneous positions** on them: one per asset per side (long/short).

**Beta markets**, marked with a **Beta** badge in the selector, extend the lineup with USDC-collateralised markets powered by GUM, an orderbook trading engine:

| Market | Category |
| - | - |
| JUP, HYPE, ZEC | Crypto |
| SPCX, SNDK, SKHYNIX | Stock (tokenised stocks) |

Beta markets use an hourly funding rate instead of a borrow fee, taker and maker fees, one net position per market, and leverage limits set per market. See [Beta Markets](/user-docs/trade/perps/beta-markets).

***

## Key Parameters

For the JLP markets (SOL, ETH, wBTC). Beta markets set their own leverage limits and order caps: see [Beta Markets](/user-docs/trade/perps/beta-markets#beta-market-limits).

| Parameter | Value |
| - | - |
| Maximum leverage | 250x |
| Leverage range | 1.1x – 250x |
| Maximum positions | 6 (one per market/side) |
| Maximum limit orders | 20 per pair and side |

***

## How It Works

<CardGroup>
  <Card title="Trader" icon="chart-line">
    Deposits collateral and borrows the remainder of the position size from the JLP. Pays borrow fees, base fees, and price impact fees. Profits and losses are settled in the position's underlying collateral token.
  </Card>

  <Card title="Liquidity Provider" icon="droplet">
    Provides liquidity to the JLP. Earns 75% of all fees generated by trading, swaps, and JLP minting/burning. Exposed to trader PnL as the pool acts as counterparty.
  </Card>
</CardGroup>

### Execution Model

Every trade on a JLP market requires **two onchain transactions**:

1. The trader submits a trade request to the Solana blockchain.
2. A keeper (an automated offchain service run by Jupiter) detects the request, validates it, and executes the trade.

This request fulfillment model ensures all trades are processed automatically without manual intervention. See [Technical Reference](/user-docs/trade/perps/technical-reference#request-fulfillment-model) for details. Orders on Beta markets are signed in your wallet and processed by the market's trading engine instead; see [Beta Markets](/user-docs/trade/perps/beta-markets#opening-a-position).

### Price Oracles

Token prices are sourced from three independent oracles: **Edge by Chaos Labs** (primary), **Chainlink**, and **Pyth** (both used for verification and as fallback). Prices are updated during trade execution and by a dedicated keeper. See [Technical Reference](/user-docs/trade/perps/technical-reference#price-oracles) for the full oracle logic.

***

## Liquidity Comes from the JLP Pool

The liquidity for Jupiter Perps is provided by the **Jupiter Liquidity Provider (JLP) pool**. Traders borrow assets from this pool to open leveraged positions. In return, the pool earns 75% of all trading fees. JLP holders act as the counterparty to all trades, when traders profit, the pool pays out; when traders lose, those losses flow back into the pool.

This model means trading activity on Perps directly affects JLP holders, and JLP pool liquidity directly affects what traders can access.

<Card title="Learn more about JLP" icon="arrow-right" href="/user-docs/earn/jlp">
  JLP pool mechanics, yield, risks, and how to become a liquidity provider.
</Card>

***

## Order Types

<AccordionGroup>
  <Accordion title="Market Order">
    Opens a position immediately at the current oracle price. No price guarantee beyond the oracle price at the time of execution.
  </Accordion>

  <Accordion title="Limit Order">
    Opens a position when the oracle price reaches a specified target. Limit orders remain active until triggered or manually cancelled. They are independent from existing positions, if triggered, they will open a new position or increase an existing one on the same market and side.
  </Accordion>

  <Accordion title="Take Profit / Stop Loss (TP/SL)">
    Conditional close orders attached to an existing position. Automatically triggered when the oracle price reaches the specified level.
  </Accordion>
</AccordionGroup>

***

## Risks

<Warning>
  **Trading perpetuals involves significant risk of loss.**

  * Leveraged positions can be liquidated if collateral falls below the maintenance margin.
  * Borrow fees accrue continuously and increase your liquidation price over time.
  * Oracle prices may differ from prices on other venues.
  * Smart contract risk: the protocol has been audited but no audit eliminates all risk.

  Only trade with funds you can afford to lose.
</Warning>

***

## Related Pages

* [Beta Markets](/user-docs/trade/perps/beta-markets): JUP, HYPE, ZEC, and tokenised stocks with USDC collateral, hourly funding, and one net position per market
* [Positions & Collateral](/user-docs/trade/perps/positions-and-collateral) — How to open, manage, and close positions
* [Fees](/user-docs/trade/perps/fees) — All fee types explained
* [Liquidation](/user-docs/trade/perps/liquidation) — Liquidation mechanics and how to avoid it
* [Technical Reference](/user-docs/trade/perps/technical-reference) — Oracles, keeper model, onchain accounts
* [JLP Overview](/user-docs/earn/jlp) — The liquidity pool powering Jupiter Perps


# Liquidation
Source: https://docs.jup.ag/user-docs/trade/perps/liquidation

How liquidation works on Jupiter Perps: what triggers it, how the liquidation price is calculated, how it changes over time, and how to avoid it.

This page explains the liquidation mechanism on Jupiter Perps: what triggers it, how the liquidation price is calculated for long and short positions, how it drifts over time, and how to manage your risk.

## What Is Liquidation?

<Note>
  This page describes the JLP markets (SOL, ETH, wBTC). On [Beta markets](/user-docs/trade/perps/beta-markets#liquidation), a position is liquidated when the mark price reaches its liquidation price, a liquidation fee applies, and the remaining collateral is returned to you rather than kept by a pool.
</Note>

Liquidation is the automatic closure of a position by the protocol when the trader's collateral is no longer sufficient to cover the outstanding losses and fees. It is triggered when the oracle price reaches the position's **liquidation price**.

<Warning>
  When a position is liquidated, **all remaining collateral is forfeited** to the JLP as a liquidation fee. You will not receive any portion of your collateral back. Only deposit collateral that is within your risk tolerance.
</Warning>

***

## Liquidation Trigger

| Position | Liquidation occurs when |
| - | - |
| Long | Oracle price **falls below** the liquidation price |
| Short | Oracle price **rises above** the liquidation price |

***

## Liquidation Price Formula

The liquidation price is the oracle price at which the position's effective collateral (after fees) equals the minimum margin required by the protocol.

### Long Position

```math theme={null}
Liquidation Price (Long) = price - (|collateral_size - close_fee - borrow_fee - (size / max_lev)| * price) / size
```

### Short Position

```math theme={null}
Liquidation Price (Short) = price + (|collateral_size - close_fee - borrow_fee - (size / max_lev)| * price) / size
```

### Variable Definitions

| Variable | Definition |
| - | - |
| `price` | Average entry price (USD) of the position |
| `collateral_size` | Current collateral value (USD) |
| `close_fee` | Estimated close fee (USD) — base fee + price impact fee |
| `borrow_fee` | Accumulated borrow fees (USD) to date |
| `size` | Position size (USD) |
| `max_lev` | Protocol-level maximum leverage: **500** |

<Note>
  `max_lev` in the formula refers to the **protocol limit of 500x**, which is used to define the minimum maintenance margin. This is distinct from the **250x trading maximum** available when opening a position.
</Note>

***

## How the Liquidation Price Changes Over Time

The liquidation price is **not static**. It moves as fees accumulate:

* **Borrow fees** are deducted from collateral hourly. As collateral decreases, the liquidation price drifts toward the current market price.
* The effect is most significant at **leverage above 10x** and for positions held over extended periods.

<Warning>
  A position that appears safely distant from liquidation when opened can approach its liquidation price over time due to borrow fee accumulation — even without any price movement.
</Warning>

***

## Liquidation Example

**Setup:** \$10,000 collateral long position approaching liquidation

| Item | Value |
| - | - |
| Position collateral | \$10,000 |
| Remaining collateral after loss + fees | \$1,000 |
| Liquidation penalty | \$1,000 (entire remaining collateral goes to JLP) |
| Returned to trader | \$0 |

***

## How to Avoid Liquidation

<CardGroup>
  <Card title="Monitor your liquidation price" icon="eye">
    Check the Positions tab regularly, especially during volatile market conditions or for long-duration positions.
  </Card>

  <Card title="Deposit additional collateral" icon="plus">
    Adding collateral reduces leverage and moves the liquidation price further from the current market price. Use the **Edit** button on any open position.
  </Card>

  <Card title="Use Stop Loss orders" icon="shield">
    A stop loss closes the position before it reaches the liquidation price, preserving a portion of your collateral.
  </Card>

  <Card title="Reduce leverage" icon="sliders">
    Lower leverage means a larger price movement is required before liquidation is triggered.
  </Card>
</CardGroup>


# Positions & Collateral
Source: https://docs.jup.ag/user-docs/trade/perps/positions-and-collateral

How to open, manage, and close leveraged positions on Jupiter Perps, including collateral rules, leverage, PnL, and order types.

## Opening a Position

<Steps>
  <Step title="Connect your wallet">
    Connect a Solana wallet (e.g. Phantom, Solflare) via the top-right button on the Jupiter Perps interface.
  </Step>

  <Step title="Select a market">
    Choose the asset you want to trade: SOL, ETH, or wBTC on the JLP markets, or one of the [Beta markets](/user-docs/trade/perps/beta-markets) (JUP, HYPE, ZEC, and tokenised stocks). The steps below describe the JLP markets; Beta markets use USDC collateral and have their own limits.
  </Step>

  <Step title="Choose a direction">
    Select **Long** if you expect the price to rise, or **Short** if you expect it to fall.
  </Step>

  <Step title="Set collateral and leverage">
    Enter the collateral amount and adjust the leverage slider (1.1x – 250x). Any SPL token (the standard token format on Solana) supported by Jupiter Swap can be used as input. It will be automatically swapped to the correct underlying collateral token.

    **HALF / MAX shortcuts** next to the input field let you fill the collateral with half or all of your wallet balance for the selected token.

    The **lock icon** next to the leverage slider lets you fix the leverage at the current value, so it does not move accidentally when adjusting other fields.
  </Step>

  <Step title="Review and confirm">
    Review the order summary (position size, entry price, estimated liquidation price, fees) and confirm the transaction in your wallet.

    The first time you open a position, you will be asked to acknowledge the Jupiter Perps terms and conditions. This appears once and can be skipped on future trades via the "Do not show again" checkbox.
  </Step>
</Steps>

<Note>
  On the JLP markets, two onchain transactions are required to open a position: one to submit the request, and one executed by a keeper to fulfill it. On Beta markets you sign a single transaction; see [Opening a position on Beta markets](/user-docs/trade/perps/beta-markets#opening-a-position).
</Note>

<Warning>
  Selecting leverage above **150x** triggers an in-app warning. At this level, positions can be liquidated almost instantly on small price movements, and limit orders may not execute as expected. Use very high leverage only if you fully understand the risk.
</Warning>

***

## Collateral Rules

On the JLP markets, the underlying collateral token depends on the position direction and cannot be changed after opening. On [Beta markets](/user-docs/trade/perps/beta-markets), collateral is always USDC.

<Tabs>
  <Tab title="Long Positions">
    | Position | Underlying Collateral | Profits Paid In |
    | - | - | - |
    | Long SOL | SOL | SOL (default) or USDC |
    | Long ETH | wETH | wETH (default) or USDC |
    | Long wBTC | wBTC | wBTC (default) or USDC |

    Long positions use the traded asset itself as collateral. When closing a profitable long, profits are paid in the underlying token by default.
  </Tab>

  <Tab title="Short Positions">
    | Position | Underlying Collateral | Profits Paid In |
    | - | - | - |
    | Short SOL | USDC | USDC (default) or SOL |
    | Short ETH | USDC | USDC (default) or wETH |
    | Short wBTC | USDC | USDC (default) or wBTC |

    Short positions always use USDC as collateral, regardless of the shorted asset. Profits are paid in USDC by default.
  </Tab>
</Tabs>

When you deposit any SPL token as initial margin, the exchange automatically swaps it to the correct collateral token before opening the position.

### Collateral Value Is Fixed in USD

The USD value of your collateral is recorded at the time of deposit and remains fixed regardless of subsequent price movements in the collateral token.

**Example:** If you deposit \$100 worth of SOL, your collateral is recorded as \$100 USD. If SOL price later increases or decreases, your recorded collateral size remains \$100.

### Depositing and Withdrawing Collateral

You can add or remove collateral from an open position at any time via the **Edit** button in the Positions tab.

| Action | Effect on Long | Effect on Short |
| - | - | - |
| Deposit collateral | Liquidation price decreases, leverage decreases | Liquidation price increases, leverage decreases |
| Withdraw collateral | Liquidation price increases, leverage increases | Liquidation price decreases, leverage increases |

<Warning>
  Withdrawing collateral increases leverage and moves the liquidation price closer to the current market price. Monitor your liquidation price carefully after any withdrawal.
</Warning>

***

## Position Limits

* Maximum **6 open positions** simultaneously: one per asset (SOL, ETH, wBTC) per side (long/short).
* Opening a second position on the **same asset and side** as an existing open position will **merge** both positions into one:
  * The combined leverage is the average of both positions' leverage.
  * The combined size equals the sum of both collaterals multiplied by the combined leverage.
  * Any existing TP/SL orders are preserved after the merge.
* On [Beta markets](/user-docs/trade/perps/beta-markets#one-net-position-per-market), each market holds one net position: a trade in the opposite direction reduces, closes, or reverses it rather than opening a second position.

***

## Leverage

Leverage determines how much of the position size is borrowed from the JLP relative to your collateral.

| Parameter | Value |
| - | - |
| Minimum leverage | 1.1x |
| Maximum leverage | 250x |

On [Beta markets](/user-docs/trade/perps/beta-markets), the maximum is set per market and shown as a badge in the market selector; the minimum stays 1.1x.

**Example:** With \$500 collateral at 2x leverage, your position size is \$1,000. You borrow \$500 from the JLP and pay borrow fees on that amount.

Higher leverage amplifies both potential gains and potential losses, and moves the liquidation price closer to the entry price.

<Warning>
  At leverage above 10x, borrow fees have a meaningful effect on the liquidation price over time. Positions held for extended periods at high leverage are at elevated liquidation risk even without price movement.
</Warning>

***

## Slippage Tolerance

Although Jupiter Perps prices trades at the oracle price, a small delay exists between the moment you submit a trade request and the moment the keeper executes it (see [request fulfillment model](/user-docs/trade/perps/technical-reference#request-fulfillment-model)). During this delay, the oracle price can move.

The **slippage tolerance** is the maximum acceptable difference between the price at submission and the price at execution. If the price moves beyond this tolerance, the trade is cancelled to protect you from unfavourable execution.

Slippage can be configured in the **Settings** menu, accessible from the trade form:

| Option | Value |
| - | - |
| Preset values | 1%, 2%, 3% |
| Custom | Any value (set manually) |
| Default | 2% |

<Note>
  A lower slippage tolerance reduces your risk of unexpected execution prices but increases the chance of a trade being cancelled in volatile conditions. A higher tolerance does the opposite.
</Note>

***

## Limit Orders

A limit order opens a position when the oracle price reaches a specified target, rather than at the current market price.

**Behavior:**

* Limit orders are independent from existing positions.
* They remain active until triggered or manually cancelled.
* When triggered, a limit order opens a new position if none exists, or merges with an existing position on the same asset and side.
* A limit order remains active even if an existing position on the same market is closed or liquidated.
* Maximum **20 active limit orders** per asset/side pair.

<Warning>
  **Limit orders near the liquidation price**

  Jupiter Perps does not enforce FIFO (First-in, First-out) execution ordering. If a limit order is placed near the liquidation price of an existing position, both the limit order transaction and the liquidation transaction may be submitted to the chain simultaneously. Whichever is processed first by the network will execute. The outcome cannot be guaranteed.
</Warning>

<Note>
  The liquidation price displayed on the limit order form is a simulation based on conditions at the time you fill in the form. It does not reflect the actual liquidation price at the time the order is triggered.
</Note>

<Info>
  On the JLP markets, limit orders cannot be created when the selected market's utilization exceeds 80%. Beta markets have no utilization limit; they can instead switch to limit orders only when the engine flags them as unhealthy.
</Info>

***

## PnL (Profit and Loss)

PnL reflects the gain or loss on an open position relative to the entry price. It updates in real time as the oracle price changes.

| Position | PnL increases when | PnL decreases when |
| - | - | - |
| Long | Price rises | Price falls |
| Short | Price falls | Price rises |

### Unrealized vs. Realized PnL

* **Unrealized PnL** is the current gain or loss if the position were closed at the current oracle price, before fees.
* **Realized PnL** is the actual amount received after deducting the close base fee, price impact fee, and accumulated borrow fees.

### PnL Calculation

```
// 1. Get exit price
exitPrice = currentTokenPrice

// 2. Determine if in profit
IF isLong THEN inProfit = exitPrice > positionAvgPrice
ELSE inProfit = exitPrice < positionAvgPrice

// 3. Price delta
priceDelta = |exitPrice - positionAvgPrice|

// 4. PnL delta
pnlDelta = (tradeSizeUsd * priceDelta) / positionAvgPrice

// 5. Unrealized PnL
IF inProfit THEN unrealizedPnl = pnlDelta
ELSE unrealizedPnl = -pnlDelta

// 6. Realized PnL (after fees)
realizedPnl = unrealizedPnl - (closeBaseFee + priceImpactFee + borrowFee)
```

### PnL Call

If unrealized PnL turns sufficiently negative and the effective margin falls below the maintenance margin threshold, you will receive a **PnL call**, a prompt to deposit additional collateral to avoid liquidation.

### Receiving Profits

For long positions, profits are paid in the underlying collateral token (e.g. SOL for a SOL long) by default. The amount received is calculated as:

```
tokensReceived = closingValueUsd / tokenPriceAtClose
```

**Example:** A SOL long closed with \$150 total value at SOL = \$110 returns `\$150 / \$110 = 1.3636 SOL`.

For short positions, profits are paid in USDC by default. Both longs and shorts offer the option to receive the alternative token at close.

<Note>
  The PnL displayed on the interface is before fees. The exact net amount is shown under the Deposit/Withdraw tab.
</Note>

***

## Worked Trade Example

<Expandable title="Example: 2x long on SOL">
  **Setup:**

  | Parameter | Value |
  | - | - |
  | Position size | \$1,000 |
  | Collateral | \$500 SOL |
  | Borrowed | \$500 SOL from JLP |
  | Entry price | \$100 / SOL |
  | Borrow rate | 0.012% / hour |
  | Utilization | 50% |

  **After 48 hours, SOL price rises to \$110:**

  | Item | Amount |
  | - | - |
  | Final position value | \$1,100 |
  | Open fee (0.06% x \$1,000) | \$0.60 |
  | Close fee (0.06% x \$1,100) | \$0.66 |
  | Borrow fee (500/1,000 x 0.012% x \$1,000 x 48h) | \$2.88 |
  | **Net profit** | **\$95.86** |

  <Note>
    This example excludes price impact fees and assumes constant utilization and borrow rates for simplicity. Actual fees may differ.
  </Note>
</Expandable>

***

## Positions on the Chart

When you have open positions on the selected market, the chart draws a horizontal line for each of their prices: **entry** (labelled with the market and side, for example `SOL-long`), **liquidation** (`SOL-long-Liq.`), and any **take profit** or **stop loss** order attached to the position. The × on a TP or SL line cancels that order. Pending limit orders are not drawn; they are listed in the **Open Orders** tab.

To hide these lines without cancelling anything, untick **Positions on chart** in the bar under the chart (on the **Positions** tab, next to **Close All**). Tick it again to bring them back. The setting is saved in your browser and applies to every market; on mobile, the same toggle sits above the chart.

### Past trades on the chart

With a wallet connected, the chart also marks your **past trades** on the selected market: small circles under the candles, green with a **B** for buys (opening or adding to a long, reducing a short), red with an **S** for sells and with an **L** for liquidations. Trades that fall on the same candle are grouped into one circle; hover it to see the side, size, average price, and number of orders. Only your own trades are shown, the most recent hundred on that market.

These marks are drawn by the chart itself, so **Positions on chart** does not affect them. To hide them, right-click the chart and choose **Hide marks on bars**; choosing the same item again brings them back. The choice is saved in your browser. On jup.ag in a phone browser the menu is out of reach, since a long press on the chart opens the crosshair rather than this menu. The Jupiter Mobile app does not draw past trades on its Perps chart.

Unlike the Spot [token page](/user-docs/trade/spot/token-page#display-options), the Perps chart has no **Display Options** menu: position lines and trade marks are its only overlays.

## Closing a Position

Positions can be closed fully or partially from the **Positions tab**. Partial closure reduces the position size proportionally and adjusts the collateral to maintain the same leverage ratio.

### The Positions tab

Each open position is a row with its market and side (for example **SOL 1.09x Long**), **Value**, **Entry / Mark Price**, **Liq. Price**, **Size** (in USD and in the market token), **Collateral** (with a pencil to [edit it](#depositing-and-withdrawing-collateral)), **TP / SL**, and three actions at the right: a **share** icon, the **lightning** icon ([Quick Close](#quick-close)), and **Close**.

* The **Value** column header is a switch: click it to show values and PnL **Ex. Fees** (before fees) or **Inc. Fees** (after fees). The choice also applies to the PnL column of the **History** tab and to the estimate in the close form.
* **TP / SL** shows the take profit and stop loss attached to the position (`-- / --` when there are none). The ⊕ icon opens the form to add them; click the column to list the existing ones.
* **Close All**, at the right of the tab bar, closes every open position at market after a confirmation.

### The close form

**Close** opens a form under the position:

* **Close Size** — the USD amount to close, typed or picked with the **25% / 50% / 75% / 100%** shortcuts. The estimated PnL for that size is shown next to it, before or after fees depending on the Value switch. Entering more than 99% of the size closes the whole position.
* **Receive In** — the market token (for example **SOL** on a SOL market) or **USDC**, with the amount you will receive. The position's collateral token is selected by default. See [Receiving Profits](#receiving-profits).
* A warning appears if your wallet holds less than the recommended **0.03 SOL** to cover the transaction fee and account rent.
* The breakdown lists the **Size** and **Collateral** before and after the close, the **Close Fee**, the **Borrow Fees** accrued, the **Price Impact** (percentage and amount), the **Transaction Fee**, and the **Account Rent** in SOL. See [Fees](/user-docs/trade/perps/fees) for how each is calculated.

**Confirm** sends the order; **Dismiss** closes the form without changes.

### Quick Close

Next to the **Close** button, the **lightning icon** is **Quick Close**: it sends an order to close the **entire** position at the current price, with **USDC** as the output token, without opening the close form. The first time you use it, a **Close Entire Position?** dialog asks you to confirm and offers a **Don't show again** checkbox. Once that box is checked, the next Quick Close closes the position immediately on click.

Quick Close is full closure only. To close part of a position or to choose the output token, use **Close**.

### Sharing a position

The **share** icon on a position row opens **Share Position**, a card with the market, side and leverage, the PnL percentage after fees, the **Entry Price** and **Mark Price**, and the date and time the position was opened. Pick one of five illustration styles (a cheerful set when the position is in profit, a gloomy one when it is not), then **Save** to download the image (on mobile, **Share** opens the system share sheet) or **Share to X** to open a pre-filled post. Closed trades have the same share icon in the **History** tab.

<Note>
  When reducing position size, collateral is adjusted proportionally to preserve the leverage ratio. For example, reducing a 10x position by 50% also reduces collateral by 50%.
</Note>


# Technical Reference
Source: https://docs.jup.ag/user-docs/trade/perps/technical-reference

Technical details for developers: price oracle system, request fulfillment model, onchain accounts, and code references for Jupiter Perps.

## Price Oracles

Jupiter Perps aggregates token prices from three independent onchain price oracles:

| Oracle | Role |
| - | - |
| **Edge by Chaos Labs** | Primary oracle |
| **Chainlink** | Verification and fallback |
| **Pyth** | Verification and fallback |

### Oracle Selection Logic

1. If the Edge oracle is **not stale** and its price is within a defined threshold of both Chainlink and Pyth, the **Edge price is used**.
2. If the Edge oracle is stale or outside the threshold, Chainlink and Pyth prices are compared. If they are within the threshold of each other, **the more recent of the two is used**.
3. If two or more oracles fail, **no price update occurs**.

<Note>
  Oracle price updates happen both during trade execution and via a dedicated keeper that runs independently. Prices used in Jupiter Perps may differ from prices on other venues. The Jupiter Perps price chart is the source of truth for trade decisions.
</Note>

<Accordion title="Oracle Price Accounts (onchain)">
  | Asset | Account |
  | - | - |
  | SOL | [FYq2BWQ1V5P1WFBqr3qB2Kb5yHVvSv7upzKodgQE5zXh](https://solscan.io/account/FYq2BWQ1V5P1WFBqr3qB2Kb5yHVvSv7upzKodgQE5zXh) |
  | ETH | [AFZnHPzy4mvVCffrVwhewHbFc93uTHvDSFrVH7GtfXF1](https://solscan.io/account/AFZnHPzy4mvVCffrVwhewHbFc93uTHvDSFrVH7GtfXF1) |
  | BTC | [hUqAT1KQ7eW1i6Csp9CXYtpPfSAvi835V7wKi5fRfmC](https://solscan.io/account/hUqAT1KQ7eW1i6Csp9CXYtpPfSAvi835V7wKi5fRfmC) |
  | USDC | [6Jp2xZUTWdDD2ZyUPRzeMdc6AFQ5K3pFgZxk2EijfjnM](https://solscan.io/account/6Jp2xZUTWdDD2ZyUPRzeMdc6AFQ5K3pFgZxk2EijfjnM) |
  | USDT | [Fgc93D641F8N2d1xLjQ4jmShuD3GE3BsCXA56KBQbF5u](https://solscan.io/account/Fgc93D641F8N2d1xLjQ4jmShuD3GE3BsCXA56KBQbF5u) |
</Accordion>

### Migration Note

If you are using the old oracle account referenced in the custody account's `dovesOracle` field, migrate to the new accounts by using the `dovesAgOracle` field instead.

***

## Request Fulfillment Model

Jupiter Perps uses an onchain **request fulfillment model** for all trade actions. Every trade requires two separate transactions:

1. **Request transaction** — The trader (or API client) submits a transaction to Solana containing all required trade parameters (size, collateral, direction, etc.).
2. **Fulfillment transaction** — A keeper detects the request onchain, validates it, and submits a second transaction to execute the trade. The trade is only finalized when this second transaction is confirmed by the Solana network.

### Keepers

Keepers are offchain services operated by Jupiter that continuously poll the Solana blockchain for pending trade requests. Jupiter runs two keepers in parallel.

**Actions processed by keepers:**

* Opening and closing positions
* Increasing or decreasing position size
* Depositing or withdrawing collateral
* Creating, editing, and triggering TP/SL orders
* Creating, editing, and triggering limit orders

<Note>
  Because execution requires a keeper transaction, there is a short delay between request submission and trade execution. The trade is not live until the keeper's fulfillment transaction is confirmed.
</Note>

***

## Custody Accounts (Onchain)

Each asset in the JLP has a corresponding **custody account** storing all pool and fee parameters for that asset.

<Accordion title="Custody account addresses">
  | Asset | Custody Account |
  | - | - |
  | SOL | [7xS2gz2bTp3fwCC7knJvUWTEU9Tycczu6VhJYKgi1wdz](https://solscan.io/account/7xS2gz2bTp3fwCC7knJvUWTEU9Tycczu6VhJYKgi1wdz) |
  | ETH | [AQCGyheWPLeo6Qp9WpYS9m3Qj479t7R636N9ey1rEjEn](https://solscan.io/account/AQCGyheWPLeo6Qp9WpYS9m3Qj479t7R636N9ey1rEjEn) |
  | BTC | [5Pv3gM9JrFFH883SWAhvJC9RPYmo8UNxuFtv5bMMALkm](https://solscan.io/account/5Pv3gM9JrFFH883SWAhvJC9RPYmo8UNxuFtv5bMMALkm) |
  | USDC | [G18jKKXQwBbrHeiK3C9MRXhkHsLHf7XgCSisykV46EZa](https://solscan.io/account/G18jKKXQwBbrHeiK3C9MRXhkHsLHf7XgCSisykV46EZa) |
  | USDT | [4vkNeXiYEUizLdrpdPS1eC2mccyM4NUPRtERrk6ZETkk](https://solscan.io/account/4vkNeXiYEUizLdrpdPS1eC2mccyM4NUPRtERrk6ZETkk) |
</Accordion>

<Accordion title="Key fields in custody accounts">
  | Field | Description |
  | - | - |
  | `pricing.tradeImpactFeeScalar` | Scalar constant for linear price impact fee calculation (BPS format, divide by 10,000 for USD) |
  | `priceImpactBuffer.deltaImbalanceThresholdDecimal` | OI imbalance threshold for additive price impact fee |
  | `fundingRateState.hourlyFundingBps` | Current hourly borrow rate for the asset |
  | `assets.owned` | Total tokens owned by the custody |
  | `assets.locked` | Tokens currently locked in open positions |
  | `assets.guaranteedUsd` | Estimate of total long position size (updated on position changes, not in real time) |
  | `assets.globalShortSizes` | USD value of all open short positions |
  | `assets.globalShortAveragePrices` | Average entry price across all open shorts |
  | `increasePositionBps` | Base fee (BPS) for opening positions |
  | `decreasePositionBps` | Base fee (BPS) for closing positions |
</Accordion>

***

## Beta Markets Execution Model

[Beta markets](/user-docs/trade/perps/beta-markets) do not use the request fulfillment model, the keepers, or the JLP custody accounts described above. An order is a single transaction that you sign with your Solana wallet; it is relayed to GUM, the orderbook trading engine that runs these markets, matched there, and the resulting fill is pushed back to the app. The transaction you signed is a regular Solana transaction and can be viewed on Solscan. Prices on the stock markets come from Chainlink oracles.

If the engine does not confirm an order within a few seconds, the app treats the outcome as unknown and reconciles against your open orders, order history, and positions for up to two minutes before asking you to refresh the page.

***

## Code References

<CardGroup>
  <Card title="Base fee calculation" icon="calculator" href="/user-docs/trade/perps/fees#base-fee">
    Formula and code snippet for the flat 0.06% open/close fee.
  </Card>

  <Card title="Linear price impact fee" icon="chart-line" href="/user-docs/trade/perps/fees#linear-price-impact-fee">
    Scalar-based fee that scales with trade size.
  </Card>

  <Card title="Additive price impact fee" icon="code" href="https://github.com/julianfssen/jupiter-perps-anchor-idl-parsing/blob/main/src/examples/price-impact-fee.ts">
    Reference implementation for the OI-imbalance penalty.
  </Card>

  <Card title="Swap fee calculation" icon="arrow-right-arrow-left" href="https://github.com/julianfssen/jupiter-perps-anchor-idl-parsing/blob/main/src/examples/calculate-swap-amount-and-fee.ts">
    Weightage-based swap fee between JLP-held assets.
  </Card>

  <Card title="JLP mint/burn fee" icon="coins" href="https://github.com/julianfssen/jupiter-perps-anchor-idl-parsing/blob/main/src/examples/calculate-mint-burn-jlp.ts">
    Same weightage logic applied to minting and redeeming JLP.
  </Card>

  <Card title="PnL calculation" icon="chart-bar" href="/user-docs/trade/perps/positions-and-collateral#pnl-calculation">
    Unrealized and realized PnL formula and pseudocode.
  </Card>
</CardGroup>

***

## External References

* [Jupiter Perps IDL parsing examples (GitHub)](https://github.com/julianfssen/jupiter-perps-anchor-idl-parsing)
* [Jupiter Research, Risk Assessments](https://discuss.jup.ag/tag/risk)
* [Chaos Labs, Linear Price Impact Fee Proposal](https://discuss.jup.ag/t/jupiter-perpetuals-price-impact-fee-mechanism/17140)
* [Chaos Labs, Price Impact Parameter Recommendations (June 2025)](https://discuss.jup.ag/t/price-impact-parameter-recommendations-june-3rd-2025/38497)
* [Chaos Labs, Additive On-Imbalance Price Impact Model](https://discuss.jup.ag/t/additive-on-imbalance-price-impact-model/38562)


# Predict FAQ
Source: https://docs.jup.ag/user-docs/trade/predict/faq

Frequently asked questions about Jupiter Prediction Markets.

## General

<AccordionGroup>
  <Accordion title="What is Jupiter Predict?" icon="circle-info">
    Jupiter Predict is a prediction market experience on Solana. It lets you trade on the outcome of real-world events by buying YES or NO contracts. If your side wins, each winning contract pays \$1 worth of the market's settlement asset. If your side loses, the contract expires worthless.
  </Accordion>

  <Accordion title="What categories of events are available?" icon="layer-group">
    Jupiter Predict lists events across categories like Sports, Crypto, Politics, Esports, Culture, Economics, Tech, Finance, Weather, and Mentions. The available categories and markets can change as new events are added or removed.
  </Accordion>

  <Accordion title="What is Mentions?" icon="quote-left">
    Mentions groups markets that predict what public figures, publications, or media will say. Each market lists words, names, or topics, and you trade on whether they will be mentioned according to the market's rules.
  </Accordion>

  <Accordion title="What is the difference between Browse and Degen?" icon="code-compare">
    **Browse** lists events across many categories, often with longer time horizons.

    **Degen** focuses on short-duration crypto price markets. You predict whether a token's price will move Up or Down over a fixed window.

    Both sections use the same basic wallet flow: review a quote, sign, and monitor the position. Settlement actions can vary by route: Profile shows whether the outcome is automatic, claimable, refundable, or final.
  </Accordion>

  <Accordion title="What is the Arcade?" icon="gamepad">
    The Arcade runs one-minute BTC and SOL Up or Down rounds, settled from a shared prize pool rather than an order book, with a fixed 1% fee on winnings. See [Arcade: One-Minute Markets](/user-docs/trade/predict/how-it-works#arcade-one-minute-markets).
  </Accordion>

  <Accordion title="How do I find the ID of an Arcade round?" icon="fingerprint">
    Arcade rounds have no event URL. Each round is an on-chain account: the round time on a round card is an explorer link to it, and the **History** view shows each past round's shortened address as an explorer link, with the date and time. Give that address, or the explorer link, to support together with your wallet address. See [Identifying a round](/user-docs/trade/predict/how-it-works#identifying-a-round).
  </Accordion>

  <Accordion title="Why can't I place a bet in the Arcade?" icon="circle-exclamation">
    Check the bet button: **Below minimum** or **Above maximum** means your amount is outside the per-entry limits (minimum 1 USDC), **Insufficient USDC** means your balance does not cover the bet, and **Couldn't load limits** means the page needs a reload. **Up** and **Down** are disabled once the countdown ends and the round locks, until the next round opens, and while a previous bet is still being sent. Trading is also unavailable in some regions. See [Entry limits and errors](/user-docs/trade/predict/how-it-works#entry-limits-and-errors).
  </Accordion>

  <Accordion title="Where do the markets come from?" icon="diagram-project">
    Jupiter Predict can surface markets from external prediction market providers and Jupiter-supported market integrations. Availability, trading actions, liquidity, and settlement timing can differ by market.
  </Accordion>

  <Accordion title="Can I create my own market?" icon="circle-plus">
    No. Predict has no market creation flow, so you can only trade markets that are already listed. New markets are added by the external providers and integrations that Predict sources from, not by Jupiter, so a market cannot be opened on request through support either.
  </Accordion>

  <Accordion title="What is the Leaderboard?" icon="trophy">
    The Leaderboard is a public ranking of traders on Jupiter Predict. You can sort by PnL, Volume, or Win Rate, and filter by time period. Traders are identified by truncated wallet address.
  </Accordion>

  <Accordion title="What are clans?" icon="flag">
    Clans are trader groups that compete in a weekly PnL race: every trade a member makes counts toward the clan's weekly total. You can create a clan, join one with an invitation or invite link, or send a request to join from the clan directory and wait for the leader's approval. A clan holds at most 50 members. See [Clans](/user-docs/trade/predict/how-it-works#clans).
  </Accordion>

  <Accordion title="Do clans win rewards?" icon="trophy">
    Yes. Each week, members of the three best qualified clans earn cash and Gacha packs, based on their own PnL rank within the clan: the reward tiers cover ranks #1 to #10, and cash currently goes to the top 3 members of the Champion clan. The clan leaderboard shows the current amounts. Rewards are assigned once the week ends (Monday 00:00 UTC), and if no clan qualifies, there is no winner that week. See [Clan rewards](/user-docs/trade/predict/how-it-works#clan-rewards).
  </Accordion>
</AccordionGroup>

## Trading

<AccordionGroup>
  <Accordion title="What token do I need to trade?" icon="dollar-sign">
    Predict uses dollar-pegged assets for trading and settlement. The exact funding token can depend on the selected market and route.

    The order panel shows the token you pay with and, once you enter an amount, the size, number of contracts, and expected payout. Trading fees are included in these quoted amounts rather than shown as a separate line. You also need a small amount of SOL for Solana network fees.
  </Accordion>

  <Accordion title="What is a contract?" icon="file-contract">
    A contract is a claim tied to one side of a market. A winning contract pays \$1 worth of the market's settlement asset. A losing contract pays \$0.
  </Accordion>

  <Accordion title="What does the price of a contract mean?" icon="chart-line">
    The price reflects what traders are currently willing to pay for that side. A YES contract at \$0.70 means the market is pricing YES at about 70 cents. You can switch the display between cents and a decimal odds-style multiplier with the **Price (¢) / Decimal (x)** selector; the setting persists across Browse, Event, and Degen pages.

    Prices are set by supply and demand. They are not guaranteed probabilities.
  </Accordion>

  <Accordion title="Are there order minimums or maximums?" icon="sliders">
    Yes. Predict enforces order minimums, and some short-duration markets can also have maximum order sizes. The app shows the current limits in the order panel.
  </Accordion>

  <Accordion title="Can I combine several predictions into one bet (parlay)?" icon="layer-group">
    No. Jupiter Predict does not support parlay or combo bets: each position is taken on a single market outcome. You can hold positions in as many separate markets as you like, but they settle independently.
  </Accordion>

  <Accordion title="What is the difference between Market and Limit orders?" icon="code-compare">
    A **Market order** attempts to execute at the best available price for the selected side.

    A **Limit order** lets you set a target price and wait for a match.
  </Accordion>

  <Accordion title="Are limit orders available right now?" icon="circle-check">
    Yes, as **limit buys** on Polymarket-sourced markets: switch the order panel to the **Limit** tab, set a target price, and wait for a match. Limit sells are disabled. Jupiter Forecast and sports ticket markets are market-order only — a Limit tab may still appear there, but it is disabled. You can cancel an open limit order before it is matched.
  </Accordion>

  <Accordion title="What happens if my order does not fill?" icon="rotate-left">
    If an order cannot execute, or only partially executes, unused funds are returned automatically. Trading fees are charged only on the executed portion.
  </Accordion>

  <Accordion title="Why can't I buy this market?" icon="ban">
    Common reasons include:

    * The market is closed, upcoming, or view-only.
    * Liquidity is too low for the requested amount.
    * The selected route is temporarily unavailable.
    * Trading is unavailable in your region.
    * The amount is below the minimum or above the market's maximum.
  </Accordion>

  <Accordion title="Can I sell part of my position?" icon="circle-check">
    Yes. Clicking **Close** on a position opens a panel where you choose how much to sell: a percentage preset (**25%, 50%, 75%, or Max**) or a custom dollar amount. Max sells the entire position. See [Closing a Position](/user-docs/trade/predict/how-it-works#closing-a-position).
  </Accordion>

  <Accordion title="Can I sell my contracts before the market settles?" icon="arrow-right-from-bracket">
    Usually, yes, while the market is open and there is enough liquidity. Once trading stops and the market is closed for settlement, you can no longer sell.

    Sells execute at the bid price, so closing a position has a spread cost.
  </Accordion>

  <Accordion title="Why can't I close my position right now?" icon="lock">
    The most common reasons:

    * The market has reached its close time.
    * Liquidity is too low to fill the close.
    * The route or market integration is temporarily unavailable.
    * The position is already waiting for claim, refund, or final settlement.

    If you expect the market to still be open and the position looks stuck, raise a ticket via [Discord](https://discord.gg/jup).
  </Accordion>

  <Accordion title="Is there slippage protection?" icon="shield-halved">
    Yes. Quotes include price protection. If the price or liquidity changes too much before execution, the order may fail instead of executing at a much worse price. Any unused funds are returned automatically.
  </Accordion>
</AccordionGroup>

## Fees

<AccordionGroup>
  <Accordion title="What fees do I pay?" icon="receipt">
    Fees are included in the order quote shown before you sign; they are not displayed as a separate line item. They are charged only on executed trades, in whichever mint is used to purchase the contracts, and are always rounded up to the nearest cent. See [Fee Structure](/user-docs/trade/predict/how-it-works#fee-structure) for how they are calculated.

    For Browse markets sourced from Polymarket, the trading fee has two components: where Polymarket charges a fee, Jupiter charges an additional fee equal to the Polymarket fee. The total trading fee is twice the Polymarket fee. Solana network costs are separate and paid in SOL.
  </Accordion>

  <Accordion title="Why can fees vary by market?" icon="circle-question">
    The fee size scales with the contract price, the number of contracts, and how uncertain the outcome is. Trades priced closer to \$0.50 are more uncertain, so fees are slightly higher. Trades priced closer to \$0.00 or \$1.00 are more certain, so fees are lower.

    Degen and other routes can use different sources and may not have the same fee structure as Polymarket-sourced Browse markets.
  </Accordion>

  <Accordion title="Are there fees on claims or refunds?" icon="circle-check">
    Predict does not charge trading fees on claims or refunds. Solana network fees may still apply when you sign a transaction.
  </Accordion>

  <Accordion title="Do I pay fees if my order does not fill?" icon="ban">
    No trading fee is charged on the unfilled portion of an order.
  </Accordion>
</AccordionGroup>

## Settlement

<AccordionGroup>
  <Accordion title="How are outcomes decided?" icon="gavel">
    Each market has rules that define how the outcome is determined. The market source or integration determines the result according to those rules. Some market routes record eligible results on-chain, while other integrations may settle through their own route.
  </Accordion>

  <Accordion title="Who resolves disputes?" icon="scale-balanced">
    Disputes are handled by the market's source or resolution process. Jupiter records eligible on-chain results and does not independently rewrite market outcomes.
  </Accordion>

  <Accordion title="How long does settlement take?" icon="clock">
    Settlement depends on the market. The real-world event must conclude, the market source must determine the result, and final status must be available in Profile.

    Some markets settle quickly after the source result is available. Others can take longer if the result is delayed, disputed, or needs investigation.
  </Accordion>

  <Accordion title="What's the difference between resolved, claimed, and refunded?" icon="code-compare">
    **Resolved** means the market result has been finalized and Profile has settlement status. For some market routes, this includes an on-chain result.

    **Claimed** means a winning payout has been credited to your wallet.

    **Refunded** means an eligible refund has been credited to your wallet.
  </Accordion>

  <Accordion title="Do I have to claim manually?" icon="hand">
    Use your Profile as the source of truth. If a position is claimable, click **Claim** and sign in your wallet.

    A claimable payout does not disappear just because you did not click immediately, but it is best to claim once the action appears.
  </Accordion>

  <Accordion title="What happens if a market does not resolve at the scheduled time?" icon="hourglass-half">
    A market can remain pending if the real-world outcome is unclear, the source is waiting for an authoritative result, or the settlement route needs investigation.

    While the market is closed and waiting for settlement, you cannot close the position. If a market remains unresolved for an unusually long time, raise a ticket via [Discord](https://discord.gg/jup).
  </Accordion>

  <Accordion title="What happens if a market is cancelled or voided?" icon="ban">
    If a market is cancelled, voided, or resolved as refundable, eligible positions can receive a refund after final settlement status is available. Eligible refunds are processed on-chain and reflected in Profile. Profile shows the refund status and any available action.
  </Accordion>

  <Accordion title="Why does my position still show as pending after the source market resolved?" icon="hourglass-half">
    There can be a delay between source resolution and final status updating on Jupiter. Once settlement status is available, your Profile updates to show claim, refund, lost, or final status.
  </Accordion>

  <Accordion title="What happens to losing positions?" icon="circle-xmark">
    If a market resolves against your position, your contracts expire worthless. You receive no payout and no action is needed.
  </Accordion>
</AccordionGroup>

## Risks

<AccordionGroup>
  <Accordion title="Can I lose all my money?" icon="triangle-exclamation">
    Yes. If the market resolves against your prediction, your contracts expire worthless and you can lose the full amount spent on them.
  </Accordion>

  <Accordion title="What are the main risks?" icon="list-check">
    The main risks include losing your full position, low liquidity, wide spreads, slippage, route failures, settlement delays, source disputes, stablecoin risks, and regulatory restrictions. See the Risks section in the [Overview](/user-docs/trade/predict#risks) for more detail.
  </Accordion>

  <Accordion title="Are prediction markets regulated?" icon="building-columns">
    The regulatory status of prediction markets varies by jurisdiction. Users are responsible for understanding whether prediction market trading is permitted where they are located.
  </Accordion>
</AccordionGroup>

## Account and Access

<AccordionGroup>
  <Accordion title="What should I include in a support ticket?" icon="headset">
    Your full wallet address, the event page URL (its last segment is the market's identifier) or, for an Arcade round, the round address from the History view, what happened and when, and, for a specific order, the transaction signature from your wallet's activity history. See [What to Give Support](/user-docs/trade/predict/how-it-works#what-to-give-support) for the full list.
  </Accordion>

  <Accordion title="Do I need SOL to use Predict?" icon="coins">
    Yes, a small amount. Solana charges transaction fees, and some on-chain accounts require temporary rent deposits. Rent is recovered automatically when eligible accounts are closed.
  </Accordion>

  <Accordion title="Is Jupiter Predict available in my country?" icon="earth-americas">
    On the web, trading is unavailable in some regions, including the United States, South Korea, and Australia. The **Jupiter Mobile app** applies additional regional restrictions and is unavailable in a number of further countries, including parts of the EU — so the regions you can access may differ between the web and the mobile app. Availability depends on local regulations. Jupiter does not provide legal advice.
  </Accordion>

  <Accordion title="Where can I see my positions and history?" icon="user">
    Click **Profile** at the top of the Predict page. You can view active positions, open orders when available, history, claims, and refunds.
  </Accordion>
</AccordionGroup>


# Using Predict
Source: https://docs.jup.ag/user-docs/trade/predict/get-started

Step-by-step guide to browsing markets, opening positions, managing trades, and claiming payouts on Jupiter Predict.

This guide walks you through the main actions on Jupiter Predict: finding markets, placing orders, managing positions, and claiming winnings or refunds.

## What You Need

<CardGroup>
  <Card title="Solana wallet" icon="wallet">
    A wallet such as Phantom or Solflare, connected to Jupiter.
  </Card>

  <Card title="Supported funds" icon="dollar-sign">
    The order panel shows the token used for the selected market before you sign.
  </Card>

  <Card title="A bit of SOL" icon="coins">
    For Solana transaction fees and account rent.
  </Card>
</CardGroup>

<Info>
  Predict enforces order minimums and, on some short-duration markets, maximum order sizes. The app shows the current limits in the order panel.
</Info>

## Browsing Markets

<Steps>
  <Step title="Go to Predict">
    Open **Predict** from Jupiter's navigation (on desktop, in the left side navigation under **Trade**).
  </Step>

  <Step title="Choose a section">
    By default, you land on **Browse**. Use the top navigation to switch between:

    * **Browse**: events across categories like sports, crypto, politics, economics, and more
    * **Degen**: short-duration crypto price markets
    * **Arcade**: one-minute BTC and SOL Up or Down rounds, settled from a shared pool (see [Arcade](/user-docs/trade/predict/how-it-works#arcade-one-minute-markets))
    * **Clans**: create or join a trader clan and climb the weekly clan PnL race (see [Clans](/user-docs/trade/predict/how-it-works#clans))
    * **Profile**: your positions, trade history, and settlement status
    * **Leaderboard**: top Predict traders
    * **For You**: personalised recommendations based on your activity
  </Step>

  <Step title="Filter and search">
    Use category tabs, the **Live** filter, sorting, or search to narrow the market list.
  </Step>

  <Step title="Open an event">
    Click any event card to see its markets, probability history, rules summary, related events, and comments from other traders.

    <Tip>
      For multi-outcome events, only the top outcomes may be visible at first. Click **Show More** to see additional markets.
    </Tip>
  </Step>
</Steps>

## Placing an Order

Market orders are the main live trading path on Predict.

<Steps>
  <Step title="Choose a market">
    From an event page, pick the outcome you want to trade on. Click **Yes** or **No** next to it.
  </Step>

  <Step title="Enter your amount">
    Enter how much you want to spend. The app estimates how many contracts you can receive at the current price.

    <Tip>
      Use **HALF** or **MAX** to quickly set an amount from your available balance.
    </Tip>
  </Step>

  <Step title="Review the quote">
    Check the selected side, estimated contracts, price, fees, and expected payout before confirming.

    The quote can change if the market moves or available liquidity changes.
  </Step>

  <Step title="Confirm and sign">
    Click the confirm button and sign in your wallet.

    If the order executes, your position appears in your Profile. If it cannot execute or only partially executes, any unused funds are returned automatically.
  </Step>
</Steps>

<Info>
  To set your own price instead of taking the market price, switch the order panel to the **Limit** tab, enter a target price, and wait for a match. Limit orders are available as **limit buys** on Polymarket-sourced markets only — limit sells are disabled, and the Limit tab is disabled on Jupiter Forecast and sports ticket markets. See [Order Types](/user-docs/trade/predict/how-it-works#order-types).
</Info>

## Trading on Degen

Degen markets use the same wallet flow, but the market format is shorter and more price-focused.

<Steps>
  <Step title="Switch to Degen">
    Click the **Degen** tab in the top navigation.
  </Step>

  <Step title="Pick a market">
    Use the filters to choose a live asset and time window. The available assets and windows can change.
  </Step>

  <Step title="Choose Up or Down">
    Each card shows a reference price and current price. Click **Up** if you think the final price will be above the reference, or **Down** if you think it will be below.
  </Step>

  <Step title="Enter amount and confirm">
    Review the quote, then sign in your wallet. If the route cannot execute, unused funds are returned automatically.
  </Step>
</Steps>

Degen markets resolve after their time window ends. Settlement actions can vary by route: Profile shows whether the outcome is automatic, claimable, refundable, or final.

## Monitoring Your Positions

<Steps>
  <Step title="Go to Profile">
    Click the **Profile** tab in the top navigation.
  </Step>

  <Step title="View your positions">
    The **Positions** tab shows active positions with:

    * Current value and mark price
    * Average price paid
    * PnL, with a fee toggle where available
    * Potential payout if your side wins
    * Settlement status
  </Step>

  <Step title="Check Open Orders">
    The **Open Orders** tab shows pending orders when that flow is available.
  </Step>

  <Step title="Review History">
    The **History** tab shows past trades, settlements, claims, and refunds.
  </Step>
</Steps>

<Tip>
  Your positions also appear directly on the event page itself: each market section where you hold a position shows it inline, and it refreshes after a claim or a close. The Profile remains the complete view across all markets.
</Tip>

## Closing a Position Early

You can try to exit a position before the market closes.

<Steps>
  <Step title="Go to Positions">
    In your Profile, find the position you want to close.
  </Step>

  <Step title="Click Close">
    Click **Close** on a position row, or **Close All** to exit all eligible positions. The Close panel lets you sell part of the position (**25%, 50%, 75%**, a custom amount) or all of it (**Max**).
  </Step>

  <Step title="Confirm and sign">
    The app attempts to sell your contracts at the current bid. If the close executes, the proceeds are returned to your wallet after any applicable fees.
  </Step>
</Steps>

<Warning>
  Sells execute at the bid price, not the mid price. There is usually a spread between the price you pay to buy and the price you receive when you sell.
</Warning>

You may not be able to close if trading has stopped, liquidity is too low, or the market's route is temporarily unavailable.

## Claiming Winnings

After a market settles in your favour, Profile shows whether your payout is claimable or has been settled automatically.

<Steps>
  <Step title="Check settlement status">
    Profile must receive the final settlement status before it can show the final state. A market may show as pending on Jupiter for a short time after its source has resolved.
  </Step>

  <Step title="Claim if prompted">
    If Profile shows **Claim**, follow the prompt and sign in your wallet. A winning contract pays \$1 worth of the market's settlement asset. When you have claimable positions, a **Claim All** button appears in the Positions tab and claims them all in one action. Some routes settle automatically and do not require a claim transaction.
  </Step>
</Steps>

If the market resolves against your position, the contracts are worthless and the position is marked as lost. No action is needed.

## Refunded Outcomes

Some markets can resolve to a refund or another non-standard outcome depending on the rules.

<Steps>
  <Step title="Check Profile">
    Eligible refunds are processed on-chain and reflected in Profile. Profile shows the refund status and any available action after settlement status is available.
  </Step>

  <Step title="Follow any available action">
    If the app shows a refund action, follow the prompt. Otherwise, wait for processing or raise a ticket via [Discord](https://discord.gg/jup) if something looks stuck for an unusually long time, including the details listed in [What to Give Support](/user-docs/trade/predict/how-it-works#what-to-give-support).
  </Step>
</Steps>


# How Predict Works
Source: https://docs.jup.ag/user-docs/trade/predict/how-it-works

Detailed mechanics of Jupiter Prediction Markets: events, contracts, orders, fees, settlement, and the Degen mode.

This page covers the detailed mechanics of Jupiter Predict. For a high-level introduction, see the [Overview](/user-docs/trade/predict).

## Events and Markets

An **event** is a real-world occurrence with a determinable outcome. For example: "Republican Presidential Nominee 2028" or "UEFA Champions League Winner."

Each event contains one or more **markets**. Each market represents a specific outcome within the event and is usually binary: YES or NO.

For example, an election event can contain separate markets for several candidates. Each candidate market trades independently. You can buy YES on one candidate without taking a position on any other candidate.

### Multi-Outcome Events

Events with many possible outcomes are displayed with the top outcomes visible by default. Click **Show More** to drill down and see additional sub-markets.

The probabilities across all sub-markets within a multi-outcome event do not always sum to exactly 100%. Each sub-market can have its own liquidity, spread, and price history.

### Sports Match Markets

A single sports match can carry several market types, grouped on one event page. A match with only a few market groups lists them one under the other (Moneyline, Spreads, Totals); when a match carries more, they are split into tabs, with **Gamelines** holding the main markets and, on football matches, dedicated tabs such as **Exact Score**, **Goalscorers**, **Halves** (result, goals, spread, total, team totals, both teams to score and exact score for the first or second half, settled on that half alone) and **Corners** (total corners, per half, per team, odd / even, and first corner). On a football match, for example:

* **To Advance**: which team goes through to the next round. Runs to the full result, including extra time, penalties, or an official ruling, as set out in the market rules.
* **Moneyline**: the three-way regulation-time result (either team or the draw), each side tradeable YES or NO. The order buttons show the payout per contract (e.g. "\$1 pays 2.46").
* **Both Teams to Score**: yes or no.
* **First Team to Score**: which team scores first, or **Neither**.
* **Double Chance**: cover two of the three regulation-time outcomes in a single position.
* **Spreads**: back a team at a goal handicap, with a selectable line (e.g. 0, 0.5, 1).
* **Totals**: over or under on total goals, with a selectable line (e.g. 2, 2.5, 3).
* **Team Totals**: over or under on one team's goals, in a section per team.
* **Odd / Even** and **Total Goals ranges** (e.g. 0-1, 2-3, 4-6, 7+).
* **Exact Score**: see [Special Markets](#special-markets).
* **Goalscorers**: anytime goalscorer markets, in their own tab, settled on regulation time.

Reading these markets:

* **REG TIME vs FULL TIME badges**: REG TIME markets settle on the first 90 minutes plus stoppage time. FULL TIME markets settle on the final outcome, including extra time and penalties (To Advance is a FULL TIME market). The exact treatment is always in the market's rules summary.
* **Push rules are displayed on the market**: on integer Spreads and Totals lines, a push (the spread-adjusted score is level, or the final total equals the line) resolves as a **refund** of the stake. The applicable rule is shown on each market group (e.g. "Draw = refund", "Exactly 2 = refund"). Other market types (Double Chance, Odd / Even, Exact Score) do not use lines and have no push outcome.
* **No fees label**: the sportsbook-style groups (Double Chance, Spreads, Totals, Odd / Even, Total Goals ranges, Exact Score) currently charge no trading fees. These are [ticket markets](#special-markets): market orders only, held to settlement with no early sell.

Esports events can also carry several market types per match, grouped by game within a series (e.g. Game 3 of a best-of-3), with live scores shown on the event card.

Tennis matches carry match, set, and game markets, with dedicated **Total Sets** and **Total Games** sections.

### Comments

Each event page includes a comments section: you can post comments on an event, like other traders' comments, and delete your own. External links are blocked in the composer: only HTTPS links to jup.ag are accepted, validated before the comment is published. A link to a Jupiter prediction event or profile is shown as a card rather than a bare URL: an event card carries the market image, title, volume and live indicators, with the Yes / No or team buttons when the market is open; a profile card shows the avatar, username, prediction count, win rate and realised PnL. One card is shown per comment, and the same applies in clan chat.

### Market States

A market moves through several states from creation to settlement:

<CardGroup>
  <Card title="Upcoming" icon="hourglass-start">
    The market is visible but trading has not started yet. The UI may show a countdown.
  </Card>

  <Card title="Open (Live)" icon="circle-play">
    The market is actively trading. Buy and sell actions are available when liquidity and routing support them. Live timed markets show a compact countdown on their card, with an urgency state in the final 30 seconds.
  </Card>

  <Card title="Closed" icon="circle-pause">
    Trading has stopped. The market is waiting for the result to be determined and recorded.
  </Card>

  <Card title="Settled" icon="circle-check">
    The result is final. Profile shows claim, refund, automatic, lost, or final status.
  </Card>
</CardGroup>

## Contracts

A **contract** is a financial claim tied to one side of one market.

* A winning contract pays **\$1 worth of the market's settlement asset**.
* A losing contract pays **\$0** and expires worthless.
* Some markets can resolve to a refund or draw outcome if the market rules require it.

Contract prices usually range from **\$0.01 to \$0.99**. The price reflects the current market-implied probability for that side. A YES contract at \$0.65 means traders are currently paying about 65 cents for the YES side.

Prices can be displayed in two formats, switched with the persistent **Price (¢) / Decimal (x)** selector available on Browse, Event, and Degen pages: cents (the default) or a decimal odds-style multiplier. Spread warnings are always expressed in cents, and charts keep the canonical price format.

### Funding and Settlement Assets

Predict uses dollar-pegged assets for trading and settlement. The exact funding token can depend on the market and route. In some flows, Jupiter may route your input into the market's settlement asset before the order is placed.

The order panel shows the token you pay with and, once you enter an amount, the quote details: size, number of contracts, expected payout, and any estimated refund. Trading fees are included in the quote rather than shown as a separate line; see [Fee Structure](#fee-structure) for how they are calculated.

### Spread

Each market has a **bid price** and an **ask price**:

* The **ask** is what you pay when buying.
* The **bid** is what you receive when selling.

The difference is the spread. Entering and exiting a position can cost money even if the market price has not moved.

## Order Types

<Tabs>
  <Tab title="Market Orders">
    Market orders are the main live order type on Predict. A market order attempts to execute at the best available price for the selected side.

    * The order quote is based on current price and liquidity.
    * If price or liquidity changes before execution, the order may fail or partially fill.
    * If less than the full amount executes, unused funds are returned automatically.
    * Fees are charged only on the executed portion.
  </Tab>

  <Tab title="Limit Orders">
    Limit orders let you set a target price and wait for a match.

    * Available on **Polymarket-sourced markets only**, and only as **limit buys**. Limit sells are disabled.
    * You can cancel an open limit order before it is matched.
    * Jupiter Forecast markets and sports ticket markets are market-order only. A Limit tab may still appear on the order form there, but it is disabled.
  </Tab>
</Tabs>

### Execution Flow

Predict abstracts away most of the execution machinery. In normal use, you only sign the transaction shown in your wallet.

<Steps>
  <Step title="Quote">
    The app checks the selected market route and estimates price, contracts, fees, and payout.
  </Step>

  <Step title="Sign">
    You review the quote and sign the transaction in your wallet.
  </Step>

  <Step title="Execute">
    Jupiter validates the trade and attempts to execute it through the selected route or market integration.
  </Step>

  <Step title="Update position">
    If the trade executes, your position appears in Profile. If it cannot execute, or only partially executes, unused funds are returned automatically.
  </Step>
</Steps>

This process can involve on-chain accounts, route execution, keepers, and market integrations behind the scenes. You do not need to manage those pieces manually.

## Position Management

A **position** represents your holdings in a specific market side.

### Position Data

Your Profile can show the following for each position:

| Field | Description |
| - | - |
| Event | The event and market name |
| Size | Number of contracts held |
| Value | Current estimated market value |
| Avg. Price | Average price paid per contract |
| Mark Price | Current reference price per contract |
| PnL | Unrealised profit or loss, with fee display controls where available |
| Payout if right | Estimated payout if your side wins |
| Settlement status | Whether the market is open, closed, claimable, refunded, or settled |

### Closing a Position

You can try to close a position before settlement by clicking **Close**, or **Close All** to exit all eligible positions.

* Closes execute at the current bid, so the spread matters.
* You can close a position **partially or in full**: the Close panel offers percentage presets (**25%, 50%, 75%, or Max**) or a custom dollar amount. Choosing Max sells the entire position regardless of price moves.
* A close can fail if the market is closed, liquidity is too low, or the route is temporarily unavailable.

### When You Can Close a Position

Whether you can close depends on the market's current state:

| Market state | Can you close? | Notes |
| - | - | - |
| Open (Live) | Usually | Close attempts sell at the current bid if liquidity is available |
| Closed | No | Trading has stopped. Wait for settlement |
| Settled (you won) | No | Claim the payout instead |
| Settled (refund) | No | Refund is processed on-chain and reflected in Profile |
| Settled (you lost) | No | The position is final and no action is needed |

<Warning>
  Low liquidity can make a position difficult or impossible to close even while the market is open. If a position looks stuck for an unusually long time, raise a ticket via [Discord](https://discord.gg/jup). Some market types, such as [special markets](#special-markets), cannot be closed at all and must be held to resolution.
</Warning>

### Profile Tabs

Your Profile page has three main tabs:

* **Positions**: active positions and claimable or refundable outcomes.
* **Open Orders**: pending orders when that flow is available.
* **History**: completed trades, settlements, claims, and refunds.

A period filter lets you narrow Positions, Open Orders, History, and the portfolio summary to a chosen time window. The portfolio summary also includes a PnL chart showing your profit and loss over time.

## Market Sources and Integrations

Jupiter Predict can surface markets from external prediction market providers and Jupiter-supported market integrations. Browse markets are currently sourced from Polymarket, alongside short-duration crypto markets and other Jupiter-supported integrations. When an external provider has trading problems, a warning banner appears on the affected feeds and event pages; orders on those markets can fail or stay pending until the provider recovers.

### What This Means for Users

* **Market availability**: not every market from every source is available on Jupiter.
* **Action availability**: some markets may be view-only, closed, unavailable in your region, or temporarily unavailable for buys or sells.
* **Resolution rules**: each market follows its own published rules. Read the rules summary before trading.
* **Disputes**: if a source market has a dispute or delayed resolution process, Jupiter follows the final result from that source or integration.
* **Settlement**: some market routes record eligible results on-chain. Other integrations may settle through their own process and reflect status in Profile.

### Order Behaviour by Market Source

| Market source | Orders | Early sell | Limits and fees |
| - | - | - | - |
| Polymarket-sourced markets | Market orders + limit buys (limit sells disabled) | Yes, at the current bid | \$5 minimum order; standard trading fees |
| Jupiter Forecast markets (stocks) | Market orders only | Yes, via **Close** | No trading fees; tradable during US market hours only; terms acknowledgement required |
| Sports ticket markets | Market orders only | No, held to settlement | \$4 minimum, \$3,000 maximum per ticket; currently no trading fees |

### Special Markets

During major sporting events, Predict lists sportsbook-style **ticket markets** on individual matches: Double Chance, Spreads, Totals, Odd / Even, Total Goals ranges, and Exact Score (see [Sports Match Markets](#sports-match-markets)).

Ticket markets work differently from standard Browse markets:

* **No early sell.** Once you buy a ticket, you hold it until the market resolves and pays out at settlement. There is no orderbook and no early exit.
* **Market orders only.** A Limit tab may appear on the form but is disabled on these markets.
* **Each purchase is a separate ticket.** Buying the same market more than once creates multiple independent positions rather than adding to one.
* **A separate sportsbook provider sets the odds**, so they can differ from similar markets elsewhere.
* **Stake limits**: minimum **\$4** and maximum **\$3,000** per ticket. The \$5 minimum order applies to the normal order path (Polymarket and Jupiter Forecast markets), not to tickets.
* **Currently no trading fees** on ticket markets.

<Warning>
  Because ticket positions cannot be sold, your funds stay committed until the market resolves, regardless of how the odds move in the meantime.
</Warning>

## Degen Mode

Degen is a section within Jupiter Predict focused on short-duration Up or Down price markets. It has two tabs: **Crypto** and **Stocks**.

The **Crypto** tab currently lists 5-minute and 15-minute Up or Down markets on **BTC, SOL, ETH, XRP, BNB, DOGE, and HYPE**, each grouped under a live price chart; the **Stocks** tab hosts SPCX (SpaceX). Filter chips narrow the list by window (**All | 5m | 15m**) or by asset, and a **Live** filter shows the markets currently running.

### How It Works

Each Degen market asks whether a token's price will move **Up** or **Down** from a reference price over a defined window.

* The available assets and windows can change.
* The reference price is shown on the market card.
* The current price updates while the market is live.
* If the final price is above the reference, **Up** wins.
* If the final price is below the reference, **Down** wins.
* The market rules determine any edge cases, such as ties or unavailable price data.

Each market's **rules summary**, at the bottom of its page, names its exact resolution source. The crypto markets resolve from **Chainlink data streams** (for example the SOL/USD TWAP stream), not from spot markets or other price sources.

Degen markets may use a different route from standard Browse markets, but the basic wallet flow is the same: review the quote, sign, and monitor the position. Settlement actions can vary by route: Profile shows whether the outcome is automatic, claimable, refundable, or final.

### Jupiter Forecast Markets

Some Degen markets carry a **Jupiter Forecast** label. These are custom short-duration markets operated through a Jupiter market integration, over **5-minute** and **15-minute** windows, bought with USDC. They currently cover SPCX (SpaceX) Up or Down in the **Stocks** tab. The BTC Up or Down markets in the **Crypto** tab are Polymarket-sourced Degen markets since 30 September 2026 and no longer carry the Forecast label.

Forecast markets behave like other Degen markets, with two specifics set out in each market's rules summary:

* **Resolution source**: the outcome is determined from the price feed named in the rules — **Pyth Pro** signed snapshots (Equity.US.SPCX/USD) for SPCX — not from other price sources or spot markets. If the final price is **greater than or equal to** the starting price, the market resolves to **Up**; otherwise it resolves to **Down**.
* **Near-instant settlement**: winnings are credited to your wallet automatically shortly after the window closes. There is nothing to claim.
* **Market orders only**: the trade panel shows a **Limit** tab, but limit orders are not supported on these markets.
* **Order limits**: minimum \$5 and maximum \$1,000 per order.
* **Windows open as they go live**: upcoming windows are shown but are not tradable until the window is live. A short daily maintenance period, shown in the interface, makes these markets briefly unavailable each day.
* **Stock markets follow US market hours**: SPCX markets (currently badged **No fees**) are tradable during the US market session only. Outside those hours, the nearest past or upcoming event is still displayed but cannot be traded. You must acknowledge the terms and conditions before trading a stock market for the first time.

## Arcade: One-Minute Markets

The Arcade, in its own tab of the Predict navigation, runs continuous one-minute
BTC and SOL Up or Down rounds. It is a parimutuel game: instead of trading
contracts against an order book, everyone bets into a shared prize pool and
winners split the losing side.

Rounds run as a continuous carousel: **Ended**, **Live** (locked), **Next**
(open for entry), and **Later**. You always bet on the Next round; a countdown
shows when entry closes, and once the round goes live no more bets are accepted.

How a round works:

* Pick BTC or SOL, then bet **Up** or **Down** on the Next round with USDC
  (minimum 1 USDC).
* Each side displays a live payout multiplier (for example Up 2.46x) computed
  from the current pool split. It moves as bets come in, until entry closes.
* The price captured when the round locks is the reference. **Up** wins if the
  round's closing price is above it; **Down** wins if it is below.
* Winners share the losing pool in proportion to their stake, after a fixed
  **1% fee on winnings**. If only one side has bets, or the closing price equals
  the reference, the round is **VOID** and every stake is refunded in full.
* Settlement is automatic and takes a few seconds. Payouts and refunds are sent
  straight to your wallet; there is nothing to claim.
* You can bet both sides of the same round; the round still settles normally.

Around the game, the page shows your last five results with any streak, a
**Chart** toggle, a **Sound** toggle (countdown and settlement effects), and a
**Quick Bet** mode to place bets in one tap with a preset amount. With your
wallet connected, **Your stats** (record, rounds played, realized PnL) and
**Your history**, a preview of your last five rounds, sit on the Arcade page
itself, next to a live feed of everyone's bets. The full **History** page, reached from that preview, is a
dedicated, paginated page listing every past round with its asset, your
entries, the outcome, the payout, your realized PnL, and explorer links to
the settlement transactions.

### Identifying a round

Arcade rounds have no event page or event URL. Each round is its own on-chain
account, and the Arcade shows it in two places: the round time on a round card
(for example **11:01**) is a link to the round's account on the explorer, and
the **History** view lists each past round with its shortened address (first
and last four characters) as an explorer link, next to the date and time. When
you contact support about an Arcade bet, give this round address, or the
explorer link, together with your wallet address; the settlement transaction
links in History help too.

### Entry limits and errors

Each entry must stay between a minimum and a maximum amount in USDC (the
minimum is currently 1 USDC); both come from the Arcade configuration and the
bet button shows **Below minimum … USDC** or **Above maximum … USDC** when your
amount is outside the range, and **Insufficient USDC** when your balance does not
cover it. **Quick Bet** shows the same messages under the amount. The **Up** and
**Down** buttons are disabled once the countdown reaches zero and the round
locks, and while a previous bet is still being sent. If the button reads
**Couldn't load limits**, the configuration did not load: reload the page. A bet
goes through **Preparing Bet**, a signature request in your wallet, and
**Placing Bet**; on success the toast **Bet placed** links to the transaction,
and on failure the toast explains the error.

<Warning>
  Arcade rounds are fast, repeated bets on one-minute price moves. The displayed
  multiplier is not fixed: your final payout depends on how the pool is split
  when the round locks. Only bet what you can afford to lose.
</Warning>

## Fee Structure

Fees are charged only on executed trades: buying or selling contracts. Fees are included in the quoted amounts shown before you sign, rather than displayed as a separate line.

* Fees are charged in whichever mint is used to purchase the contracts.
* Fees are always rounded up to the nearest cent.
* There are no fees when claiming payouts.
* Orders that do not fill pay no trading fee until they execute.

### Arcade Fees

Arcade rounds charge a fixed **1% fee on winnings only**. Refunded stakes from
VOID rounds pay no fee. This schedule is specific to the [Arcade](#arcade-one-minute-markets)
and differs from Browse and Degen market fees.

### Browse Market Fees

For Browse markets sourced from Polymarket, the trading fee has two components: where Polymarket charges a fee on a market, Jupiter charges an additional fee equal to the Polymarket fee. The total trading fee you pay is twice the Polymarket fee.

The fee size depends on three factors:

* **Contract price**: the price you pay per contract.
* **Number of contracts**: fees scale with the size of the trade.
* **Outcome uncertainty**: trades priced closer to \$0.50 are more uncertain, so fees are slightly higher. Trades priced closer to \$0.00 or \$1.00 are more certain, so fees are lower.

<Accordion title="Fee examples" icon="calculator">
  The amounts below are the total trading fee you pay, with the Jupiter fee already included.

  | Price per Contract | Fee (1 Contract) | Fee (100 Contracts) |
  | - | - | - |
  | \$0.01 | \$0.01 | \$0.07 |
  | \$0.05 | \$0.01 | \$0.34 |
  | \$0.10 | \$0.01 | \$0.63 |
  | \$0.15 | \$0.01 | \$0.90 |
  | \$0.20 | \$0.02 | \$1.12 |
  | \$0.25 | \$0.02 | \$1.32 |
  | \$0.30 | \$0.02 | \$1.47 |
  | \$0.35 | \$0.02 | \$1.60 |
  | \$0.40 | \$0.02 | \$1.68 |

  For example, buying 100 contracts at \$0.25 costs \$25.00 in total, with a trading fee of \$1.32.
</Accordion>

This structure keeps fees low for high-confidence outcomes, scales fairly with trade size, and encourages liquidity by not charging orders that are waiting to fill.

### Other Routes and Costs

Markets that use other routes can include additional or different fees:

| Fee type | What it covers |
| - | - |
| Route fee | Fees from swap or liquidity routes used by a specific market |
| Solana network cost | Transaction fees and account rent paid in SOL |

Degen markets may use a different route from standard Browse markets, so the Polymarket fee table above does not necessarily apply to them. The order quote always shows the fees for the specific market and route before you sign.

### When Fees Are Not Charged

* If an order does not execute, trading fees are not charged.
* If an order partially executes, fees apply only to the executed portion.
* Claims and refunds do not charge Predict trading fees, though Solana network fees may still apply.

## Settlement Process

Settlement turns a closed market into a final result. Some market routes record an on-chain result, while other routes may settle through their own integration. Most markets settle to YES or NO, but refund and draw outcomes are possible when the rules require them.

<Steps>
  <Step title="Market closes">
    Trading stops at the market's scheduled close time or when the source market stops accepting trades.
  </Step>

  <Step title="Result is determined">
    The market source or integration determines the result according to the market rules.
  </Step>

  <Step title="Record or reflect the result">
    For some market routes, Jupiter records eligible results on-chain. Other integrations may settle through their own route and update Profile status.
  </Step>

  <Step title="Profile updates">
    Your position is marked as claimable, refundable, automatically settled, lost, or otherwise final.
  </Step>

  <Step title="You take action if needed">
    If Profile shows **Claim** or a refund action, follow the prompt. When you have claimable positions, a **Claim All** button appears in the Positions tab and claims them all at once. Some outcomes are processed automatically. Losing positions need no action.
  </Step>
</Steps>

### Resolved vs. Claimed

These are separate states:

* **Resolved** means the market result has been finalized and Profile has settlement status. For some market routes, this includes an on-chain result.
* **Claimed** means a winning payout has been credited to your wallet.
* **Refunded** means an eligible refund has been credited to your wallet.

### Pending vs. Resolved

<Info>
  A market can be resolved by its source before it appears settled on Jupiter. This is expected during the relay and settlement update process. Your Profile updates once final status is available.
</Info>

### When a Market Does Not Resolve as Expected

Most markets settle after their source result is available, but timing is not guaranteed.

Possible reasons for a delay:

* The real-world event has not produced a clear outcome.
* The market source is waiting for an authoritative result.
* A provider, route, or settlement issue needs investigation.

While a market is closed and waiting for settlement, you cannot close the position. If a market remains unresolved for an unusually long time, raise a ticket via [Discord](https://discord.gg/jup).

### Cancelled, Voided, or Refunded Markets

If a market is cancelled, voided, or resolved as refundable, eligible positions can receive a refund after final settlement status is available.

Eligible refunds are processed on-chain and reflected in Profile. Profile shows the refund status and any available action. If the status does not update after the market has clearly resolved as refundable, contact support via [Discord](https://discord.gg/jup).

## What to Give Support

When you raise a ticket via [Discord](https://discord.gg/jup), include enough detail for the team to find your trade. The most useful items:

* **Your wallet address** — the full address you traded with, not the truncated form shown in the app.
* **The event page URL** — every event has its own address, for example `jup.ag/prediction/...`. Open the event and copy the URL from the browser address bar: its last segment is the market's identifier.
* **For an Arcade round**, which has no event URL: the round's address, shown as a shortened explorer link in the Arcade **History** view (or by clicking the round time on the round card), and the settlement transaction link from the same row. See [Identifying a round](#identifying-a-round).
* **What happened and when** — the action you took, the result you expected, and the approximate time with your timezone.
* **The transaction signature**, if the issue concerns a specific order. You can find it in your wallet's activity history.
* **The position details** as shown in the Positions tab: event, side, size, and average price.

The event URL and your wallet address together identify a position, so include both even when the issue seems obvious.

## Leaderboard

The Leaderboard is a public ranking of traders on Jupiter Predict.

* **Metrics**: PnL, Volume, and Win Rate
* **Time filters**: All Time, Weekly, and Monthly
* **Global stats**: total platform volume and total number of predictions

Traders are identified by their chosen **username**, or by truncated wallet address when none is set. Predict users can pick a username (set once via a signed request, from their profile); it is displayed on profiles, leaderboards, and clan surfaces. The Leaderboard is informational and does not affect trading.

## Clans

Clans are trader groups on Jupiter Predict that compete in a **weekly PnL race**: every trade a member makes counts toward their clan's weekly total. The competition has its own **clan leaderboard** with a qualification rule: a clan qualifies for the week by reaching a weekly volume threshold with a positive net PnL. Clans that have not yet qualified are ranked by volume; qualified clans are ranked by PnL. The clan directory lives under the **Clans** tab (`jup.ag/prediction/clans`), where each clan shows its name, handle, and member count (the optional description is not shown on directory cards). The directory has a live search by clan name or handle and loads more clans as you scroll. Joinable clans are listed by member count, with full clans at the end. Each clan's detail page shows the clan's PnL for the selected competition in the header, and lets you navigate by date between the current competition and past ones.

* **Creating a clan**: any connected user can create a clan and lead it, choosing a name, a handle (3-64 lowercase letters, numbers, and hyphens), and an optional description. Members are invited after creation. Clans cannot be deleted once created.
* **Joining a clan**: join with a direct invitation or an invite link from the clan leader, or send a **Request to join** from the directory and wait for the leader's approval (the request is a wallet message signature, not a transaction). Pending invitations appear in the directory's **Pending invitations** view.
* **Member limit**: a clan holds at most **50 members**. Once full, new invitations, join requests, and acceptances are blocked until a spot frees up.
* **Leaving and removal**: the clan leader can remove members.
* **Member metrics**: the clan detail page lists each member with their realized PnL and trading volume for the selected competition period (the current one by default), plus a **Rewards** column once the week is finalised; join requests and invitations also show the candidate's PnL, number of predictions, and win rate, so leaders can screen who they let in.
* **Clan chat**: each clan detail page has a chat reserved for the clan's active members. Messages are signed with your wallet.

Clans are a social and competitive layer: they do not change how orders execute, settle, or what fees you pay.

### Clan rewards

Each week, members of the three best qualified clans earn rewards, paid as **cash** and [Gacha](/user-docs/trade/gacha) packs. A competition runs from Monday 00:00 UTC to the next Monday 00:00 UTC, and rewards are assigned once the week is finalised, shortly after it ends. If no clan qualifies, there is no winner and no rewards for that week.

* **Who earns**: in each of the three rewarded clans (**Champion**, **Runner-up**, **Third place**), members are ranked by their own PnL for the week, and the reward tiers cover ranks #1 to #10. Each member's actual reward appears on the clan page once the week is finalised.
* **What they earn**: with the current tiers, the top 3 members of the Champion clan receive cash on top of a Gacha pack. Every other rewarded member receives a Gacha pack, whose value depends on the clan's place and on the member's rank band (#1, #2, #3, #4-10).
* **Where to see the amounts**: the standings card on the clan leaderboard shows the current tiers, with a total per clan shown as "Up to" and the reward for each rank band. The Clans page banner and the Trending feed banner show the weekly prize pool. Amounts can change, and the leaderboard always shows the current ones.
* **After the week**: while a week is open, the clan page reads "Rewards are assigned after the week ends". Once the week is finalised, each member row shows its reward (for example "\$600 Cash" or "\$420 Gacha"), and the clan page states "Ranked #N · X members earned rewards", or that the clan did not qualify that week.

## On-Chain Costs

Jupiter Predict runs on Solana. Using it requires a small SOL balance for:

* **Transaction fees**: paid when you sign transactions.
* **Account rent**: temporary deposits required for some on-chain accounts.

Rent is recovered automatically when eligible accounts are closed. These are standard Solana network costs and are separate from Predict trading fees.


# Prediction Markets
Source: https://docs.jup.ag/user-docs/trade/predict/index

Trade on real-world events by buying YES or NO contracts on specific outcomes.

## What Is Jupiter Predict?

Jupiter Predict is a prediction market experience on Solana. It lets you trade on the outcome of real-world events by buying contracts for either side of a market: **YES** or **NO**.

A winning contract is designed to pay **\$1 worth of the market's settlement asset**. If the market resolves against your side, the contract expires worthless.

Jupiter brings prediction markets into the Jupiter trading experience. Markets may be sourced from external prediction market providers, Jupiter-supported market integrations, or short-duration crypto markets. Availability, liquidity, and settlement timing can differ by market.

You need a Solana wallet and a small amount of SOL for network fees. The order panel shows the supported funding token, expected contracts, fees, and settlement details before you sign.

## How It Works

Most markets on Jupiter Predict are binary. You pick a side, buy contracts at the current market price, and either hold until settlement or sell before trading closes.

### Price Equals Implied Probability

Contract prices usually trade between \$0.01 and \$0.99 and reflect the market's view of how likely an outcome is. A YES contract priced at \$0.70 means traders are currently paying about 70 cents for the YES side. The corresponding NO side is usually priced near \$0.30. A persistent **Price (¢) / Decimal (x)** selector on Browse, Event, and Degen pages can switch the display to a decimal odds-style multiplier instead of cents.

These prices are not guarantees. They move with supply, demand, liquidity, and new information.

### Profit and Loss

Your profit depends on what you paid, whether your side wins, and any fees paid when entering or exiting.

<AccordionGroup>
  <Accordion title="Example: Buying YES" icon="circle-check">
    You buy 10 YES contracts at \$0.30 each. You spend \$3 before fees.

    * If the market resolves to YES: each contract pays \$1. You receive \$10. Profit before fees: \$7.
    * If the market resolves to NO: your contracts expire worthless. You lose the \$3 you spent.
  </Accordion>

  <Accordion title="Example: Buying NO" icon="circle-xmark">
    You buy 10 NO contracts at \$0.40 each. You spend \$4 before fees.

    * If the market resolves to NO: each contract pays \$1. You receive \$10. Profit before fees: \$6.
    * If the market resolves to YES: your contracts expire worthless. You lose the \$4 you spent.
  </Accordion>
</AccordionGroup>

You do not have to wait for settlement. If the market is still open and there is enough liquidity, you can sell your contracts at the current bid price. Some market types, such as special markets on sporting events, cannot be sold and must be held to resolution.

## Browse, Degen, and Arcade

Jupiter Predict has three main trading surfaces.

<CardGroup>
  <Card title="Browse" icon="magnifying-glass">
    Events across categories like sports, crypto, politics, economics, culture, finance, and more.

    Each market includes a rules summary that explains how the result is expected to be determined. While a clan competition is open, the Trending feed opens with a banner showing the weekly clan prize pool, split between cash and Gacha packs, with **Find a clan** and **View leaderboard** links (see [Clans](/user-docs/trade/predict/how-it-works#clans)).
  </Card>

  <Card title="Degen" icon="bolt">
    Short-duration crypto markets where you predict whether a token's price will move **Up** or **Down** over a fixed window.

    Available assets, windows, and limits can change. Use the filters in the app for the current set of live markets.
  </Card>

  <Card title="Arcade" icon="gamepad" href="/user-docs/trade/predict/how-it-works#arcade-one-minute-markets">
    Continuous one-minute BTC and SOL Up or Down rounds, settled from a shared prize pool rather than an order book, with a fixed 1% fee on winnings.
  </Card>
</CardGroup>

## Categories

Browse markets are organised into categories. The available list can change as new markets are added or removed.

| Category | Examples |
| - | - |
| Sports | Championship winners, match results, MVP awards, Formula 1 race winners |
| Crypto | Token price targets, network milestones |
| Politics | Election outcomes, nominations, policy decisions |
| Esports | Tournament winners, match outcomes |
| Culture | Awards, entertainment, public figures |
| Economics | Interest rate decisions, macro indicators |
| Tech | Product launches, company milestones |
| Finance | Stock movements, commodity prices |
| Weather | Temperature, climate events |
| Mentions | Predictions on what public figures or media will say |

You can also filter by **Live** to see markets currently trading, or use search to find a specific event. Events can be sorted by volume, and seasonal filters (such as **World Cup**) can appear during major events.

## Order Types

Jupiter Predict currently uses **market orders** as the main live order type.

* **Market order**: attempts to execute at the best available price when you place the trade. If the price or liquidity changes before execution, the order may fail or fill with fewer contracts than expected.
* **Limit order**: lets you choose a target price and wait for a match. Available on Polymarket-sourced markets only, and only as **limit buys** (limit sells are disabled).

<Warning>
  A Limit tab may appear on markets that do not support limit orders (Jupiter Forecast and sports ticket markets); it is disabled there. See [Order Behaviour by Market Source](/user-docs/trade/predict/how-it-works#order-behaviour-by-market-source).
</Warning>

## Fees

Fees are shown in the order quote before you sign. They are charged only on executed trades (buying or selling contracts), in whichever mint is used to purchase the contracts, and are always rounded up to the nearest cent. There are no fees when claiming payouts.

For Browse markets sourced from Polymarket, the trading fee has two components: where Polymarket charges a fee, Jupiter charges an additional fee equal to the Polymarket fee. The total trading fee is twice the Polymarket fee. The fee size depends on the contract price, the number of contracts, and how uncertain the outcome is. See [Fee Structure](/user-docs/trade/predict/how-it-works#fee-structure) for the full breakdown and examples.

Other routes, such as Degen markets, may use a different route and fee structure. Arcade rounds charge a fixed 1% fee on winnings only. Solana network fees and account rent are separate on-chain costs paid in SOL.

<Info>
  If an order does not execute, trading fees are not charged. Any unused funds are returned automatically.
</Info>

## Settlement and Payouts

When a market closes, trading stops. The result is determined according to the market's rules. Some market routes record eligible results on-chain, while other integrations may settle through their own route and reflect the status in Profile.

The settlement flow usually works like this:

1. The market reaches its close time and trading stops.
2. The market's source or integration determines the result from the published rules.
3. The result is recorded on-chain or reflected through the relevant integration.
4. Profile updates with claimable, refundable, automatic, lost, or final status.
5. If Profile shows an action, follow the prompt. Some outcomes are processed automatically.
6. Losing positions expire worthless. No action is needed.

<Info>
  A market can be resolved by its source before it appears as settled on Jupiter. This is expected while the result is being picked up, recorded, or reflected in Profile.
</Info>

Some markets can resolve to a refund or draw outcome depending on the rules. In those cases, eligible refunds are processed on-chain and reflected in Profile. Profile shows the refund status and any available action once settlement status is available.

## Additional Features

<CardGroup>
  <Card title="For You" icon="sparkles">
    A personalised feed of recommended events based on your activity.
  </Card>

  <Card title="Leaderboard" icon="trophy">
    Public ranking of traders by PnL, Volume, or Win Rate. Filterable by All Time, Weekly, or Monthly.
  </Card>

  <Card title="Profile" icon="user">
    View your positions, open orders, trade history, claims, and refunds, with a period filter to narrow the view.
  </Card>

  <Card title="Bookmarks" icon="bookmark">
    Save events with the bookmark icon on any event card, and revisit them in your bookmarked list.
  </Card>

  <Card title="Comments" icon="comments">
    Each event page has a comment section where you can post, reply, like, and delete comments. External links are blocked in comments (only HTTPS links to jup.ag are accepted); still treat any instructions or offers in comments with caution.
  </Card>

  <Card title="Activity" icon="wave-pulse">
    A public live feed across all prediction markets, in the Browse and Degen side panels and at jup.ag/prediction/activity. The **Trades** tab shows the market, side, price, and amount of each trade. The **Large bets** tab lists the largest bets of \$2,000 or more, newest first and anonymously (event, market, size, side, fill price, and age); **Follow** takes the same side at the current price, in one tap with Quick Buy on or through the buy form otherwise. Bets on markets that are no longer open show **Closed** instead.
  </Card>
</CardGroup>

## Risks

<Warning>
  Prediction markets carry real financial risk. Read the points below carefully before trading.
</Warning>

* **You can lose your entire position.** If the outcome goes against your prediction, your contracts expire worthless.
* **Prices reflect current market demand, not certainty.** Markets can be wrong, illiquid, or slow to react to new information.
* **Liquidity varies.** Some markets may have wide spreads or low depth, which can make it hard to buy or sell at the displayed price.
* **Sells execute at the bid.** Closing a position usually returns less than the displayed mid price because of the spread.
* **Settlement depends on market rules and integrations.** Some market routes record results on-chain. Other integrations may settle through their own process.
* **Settlement is not instant.** There can be a delay between market close, source resolution, final status updates, and claim or refund availability.
* **Token and stablecoin risks apply.** Trades and payouts use dollar-pegged assets, which can carry issuer, liquidity, and depeg risk.
* **Regulatory restrictions apply.** Prediction markets may be restricted or regulated in your jurisdiction. Trading is unavailable in some regions, including the United States, South Korea, and Australia, and the Jupiter Mobile app restricts additional regions (including parts of the EU).

## What You Need

<CardGroup>
  <Card title="Solana wallet" icon="wallet">
    A wallet such as Phantom or Solflare, connected to Jupiter.
  </Card>

  <Card title="Supported funds" icon="dollar-sign">
    The order panel shows which token can be used for the selected market and route.
  </Card>

  <Card title="A bit of SOL" icon="coins">
    For Solana transaction fees and account rent. Rent is recovered automatically when eligible accounts are closed.
  </Card>
</CardGroup>

## Related Pages

* [Using Predict](/user-docs/trade/predict/get-started) — Browse markets, open positions, manage trades, and claim payouts step by step
* [Predict FAQ](/user-docs/trade/predict/faq) — Frequently asked questions about Jupiter Prediction Markets


# AlphaScan
Source: https://docs.jup.ag/user-docs/trade/spot/alphascan

Real-time feed of new token launches on Solana — lifecycle tracking, developer data, and customization.

[AlphaScan](https://jup.ag/spot/alphascan) is a real-time feed of token launches across Solana. It is organized into three columns based on the token's lifecycle stage:

| Column | What it shows |
| - | - |
| **New** | Tokens just launched (typically seconds to minutes old) |
| **Soon** | Tokens still on a bonding curve, approaching migration to a standard liquidity pool |
| **Bonded** | Tokens that have recently migrated from a bonding curve to a liquidity pool |

AlphaScan can also be opened as a panel from the bottom bar on desktop, alongside other Spot views (Watchlist, SmartMoney, Discover) within a single sidebar that uses tabs.

<Note>
  Customisation settings (showing or hiding the New, Soon, and Bonded columns) are shared between the sidebar and the main AlphaScan page. Hiding a column in the sidebar also hides it on the full page, and vice versa.
</Note>

## Data displayed per token

Each token entry in AlphaScan shows:

| Field | Description |
| - | - |
| **Name & Logo** | Token name, full name, and logo |
| **Reused icon** | A badge on the token icon, shown when another token uses a visually similar icon. This is an informational caution signal, weaker than the impersonation warning: it does not identify which token is the original, and a token can gain or lose the badge when its own icon changes. Verified tokens and recognised issuer-backed assets are not flagged; the badge only appears on unverified tokens reusing an icon. |
| **Contract Address** | Truncated onchain address |
| **Age** | Time since the token was created (e.g. 32s, 5m, 6h) |
| **X Account** | The token's linked X (Twitter) account, shown as a row below the token age and social icons. Displays the @handle along with the account's following and followers counts. Clicking the handle opens the profile on X. Only shown when the token has a linked X account. An account that has used more than one X handle shows a warning-coloured dot, with the exact handle count in the profile popover; a clean signal is not a guarantee, as handle data can be missing for new accounts. Community links open a details popover with the community banner, description, member count, creation date, and creator. |
| **Holders** | Current number of holders |
| **V (Volume)** | Trading volume |
| **MC (Market Cap)** | Current market cap |
| **F (Fees)** | Combined priority fee, tip, and trading fees |
| **TX** | Number of transactions |
| **Bonding Curve Progress** | Visual progress bar showing how far the token is along its bonding curve |
| **Launchpad** | Source launchpad (e.g. pump, StonkFun, Purps, Perpspad, OTC) |

Percentage metrics are displayed at the bottom of each entry:

| Metric | Description |
| - | - |
| **Top 10 Holders %** | Percentage of supply held by the top 10 wallets. Clicking opens a [Bubblemaps](https://bubblemaps.io) visualization showing holder distribution and wallet connections. |
| **Dev Holding %** | Percentage of supply held by the developer wallet. The time since the developer's last activity may also be shown (e.g. "3mo"). |
| **Snipers Holding %** | Percentage of supply held by snipers — wallets that bought the token early, within the first three blocks after launch. |
| **Insiders Holding %** | Percentage of supply held by insiders — wallets that bought within the first block after launch, or received the token from another insider (status propagates through transfers). |
| **Pro Traders %** | Percentage of supply held by wallets identified as users of professional trading platforms (e.g. Axiom, GMGN). |

<Note>
  Not all metrics are visible by default. You can configure which data fields appear using the **Customise** panel (see below).
</Note>

## Dev Tokens popup

Clicking the dev info on a token entry opens a popup showing the developer wallet's history:

| Field | Description |
| - | - |
| **Bonded** | Number of the developer's tokens that have migrated to a liquidity pool (with percentage of total) |
| **Created** | Total number of tokens created by this developer |
| **Created (7d)** | Number of tokens created in the last 7 days |
| **SOL Balance** | Current SOL balance of the developer wallet |
| **Top Token** | The developer's most notable token (with age, traders, and market cap) |

<Note>
  A developer who has created many tokens with few reaching bonded status may indicate a pattern of abandoned projects. This data helps evaluate the developer's track record, but does not guarantee the current token's outcome.
</Note>

## Quick Buy in AlphaScan

Each token entry includes a ⚡ Quick Buy button. Set your Quick Buy amount at the top of each column, then click ⚡ on any token to buy immediately. You can also select from your saved Quick Buy presets directly in AlphaScan, allowing you to switch between predefined amounts without leaving the feed.

Quick Buy uses your current trade execution settings (Ultra mode by default, or your manual Trade Presets). See [Fees](/user-docs/trade/spot/fees) for details on execution modes.

<Warning>
  Quick Buy executes immediately when you click the ⚡ icon. There is no confirmation step. Make sure your Quick Buy amount and execution settings are configured before using this feature.
</Warning>

## Customizing AlphaScan

Click **Customise** in the top-right corner to configure AlphaScan across three tabs:

<Accordion title="Display settings">
  * **MC / Vol** — font size for market cap and volume (Small or Large)
  * **Quick Buy** — button size (Small, Large, Mega, Jumbo)
  * **Button Color** — Color or Grey
  * **After Quick Buy** — action after purchase (None, Open Chart, New Tab)
  * **Secondary Quick Buy Button** — toggle a second Quick Buy button
  * **Hide Hidden Tokens** — show or hide tokens you've manually hidden
  * **Show Search Bar** — toggle the keyword search bar
  * **Square Token Image** — square or circle token logos
  * **Progress Ring** — display bonding curve progress as a ring or bar
  * **Show Decimals** — toggle decimal values
  * **Compact Columns** — compact or spaced column layout
</Accordion>

<Accordion title="Data settings">
  Choose which data fields appear on each token entry:

  Market Cap, Volume, TXs, Socials, Holders, Top 10 Holders %, Dev Holding %, Dev Migrations, Dex Paid, Fees Paid, Snipers Holding %, Insiders Holding %, Bundlers Holding %, Pro Traders

  You can also set **value highlighting thresholds** for Market Cap and Volume (e.g. highlight tokens above \$150K) to visually flag tokens that meet your criteria.

  **Tweet Age Colors** lets you adjust the colors and time thresholds used for the tweet icon on token entries, based on how recent the token's linked tweet is. By default: green under 10 minutes, yellow between 10 and 60 minutes, red above 60 minutes.
</Accordion>

<Accordion title="Layout settings">
  Configure the table layout by showing, hiding, or reordering the three columns: **New**, **Soon**, and **Bonded**.
</Accordion>

**Filter Launchpad** (top right) filters all three columns by source launchpad. The dialog lists launchpads ranked by current activity (#1, #2, and so on), with Jupiter Studio pinned at the top; pick one or several, or **Select all**, then **Save**. **Reset** returns to showing all tokens.

## Filtering a column

Each column header has three controls: a **Search keyword** field, the ⚡ **Quick Buy** amount, and a **filter** button (funnel icon, tooltip "Token filters"). The filter button opens the **AlphaScan filters** panel, with a tab per column (**New**, **Soon**, **Bonded**) so each column keeps its own filters, and three groups of filters:

| Group | Filters |
| - | - |
| **Keywords** | Search Keywords and Exclude Keywords (comma separated) |
| **Metrics** | Only CTO, Only Dex Paid, Only Dex Boost, Only Dev Sold, Only Dev Holding, Only Pump Live; ranges for Market Cap $, 24h Volume $, 24h Net Buy Volume $, 24h Net Buyers, Holders, Liquidity $, Fees Paid (SOL) |
| **Audit** | Mint Auth Disabled, Freeze Auth Disabled, Verified; ranges for Token Age (mins), **Bonded Age (mins)** (Bonded column only), Tweet Age (mins), Top 10 Holders %, Dev Holding %, Snipers Holding %, Insiders Holding %, Bundlers Holding %, Pro Traders %, Pro Traders, Dev Migrations, Organic Score |
| **Socials** | Original Socials, At Least 1 Social, No similar icon found, Twitter handles to include, Twitter Followers, Following, Handles Used |

The **New** and **Soon** tabs also offer a **Bonding Curve %** range, which the Bonded tab does not need.

To keep only tokens that bonded recently, open the **Bonded** tab, go to **Audit**, and set a **Bonded Age (mins)** maximum: 360 for the last 6 hours, 60 for the last hour. **Save All** applies the filters, **Reset Bonded** clears that column, **Reset All** clears every column. The **Import** button and the export icon next to **Save All** let you save a filter set to a file and load it again, on another browser for example.

<Note>
  AlphaScan metrics such as 24h Volume and 24h Net Buyers are computed over a fixed 24-hour window. There is no timeframe selector on AlphaScan; the 5m / 1h / 6h / 24h selector is a [Discover](/user-docs/trade/spot/discover) feature.
</Note>

Socials filters include **No similar icon found** (tokens whose icon does not visually match another token's), minimum and maximum **handle reuse**, and an **Original Socials** preset for accounts with at most one observed handle.

<Warning>
  Tokens displayed in AlphaScan are typically very new and carry elevated risk. Low liquidity, limited holder history, and active developer authorities are common. See [Risks and Limitations](/user-docs/trade/spot/risks-and-limitations).
</Warning>

***

<CardGroup>
  <Card title="Discover" icon="magnifying-glass" href="/user-docs/trade/spot/discover">
    Browse tokens by category and apply filters.
  </Card>

  <Card title="Token Page" icon="chart-line" href="/user-docs/trade/spot/token-page">
    Detailed data when you open a token.
  </Card>

  <Card title="Risks and Limitations" icon="triangle-exclamation" href="/user-docs/trade/spot/risks-and-limitations">
    Risks of trading newly launched tokens.
  </Card>
</CardGroup>


# Discover
Source: https://docs.jup.ag/user-docs/trade/spot/discover

How to discover and filter tokens on Jupiter Spot using tabs, screeners, filters, and Quick Buy.

Jupiter Spot provides several curated feeds to help you discover tokens based on different market signals. Each feed is a tab at the top of the **Discover** view.

Discover can also be opened as a panel from the bottom bar on desktop, alongside other Spot views (Watchlist, SmartMoney, AlphaScan) within a single sidebar that uses tabs.

<Note>
  There may be a slight price lag (under 1 second) between the sidebar and the main page. This is expected behaviour and does not affect trade execution.
</Note>

## Discovery tabs

| Tab | What it shows |
| - | - |
| **Trending** | Tokens most purchased in the past 24 hours that also have a positive price change |
| **Stocks** | Stocks available on Solana as tokenized versions — listed (underlying) prices by default, or the per-token **Tokenized stocks** view with on-chain prices (see below). Also where **Stocks** in Jupiter's left navigation lands |
| **Popular** | Tokens reflecting recent interest across Jupiter |
| **Organic** | Tokens ranked by [Organic Score](#organic-score), with organic volume and fees paid |
| **Categories** | Tokens grouped by category and narrative (e.g. memes, AI, DeFi) for sector-level discovery |
| **Top Traded** | Tokens with the highest trading volume in the past 24 hours |
| **Launchpads** | Real-time analysis of tokens across major Solana launchpads with volume comparison. See [Launchpad Screener & Runners](/user-docs/trade/spot/launchpad-screener-and-runners) for details. |
| **Stablecoins** | Stablecoins Screener with aggregated metrics and performance data (see below) |

### Token table

The token-list tabs share a sortable table. Use the **timeframe selector** (5m, 1h, 6h, 24h) to set the period for the price and volume columns, and the **Filters** control to narrow results.

| Column | Description |
| - | - |
| **Token / Age** | Token name, verification status, and time since launch |
| **Price / %Δ** | Current price and percentage change over the selected timeframe |
| **MC / FDV** | Market cap and fully-diluted valuation |
| **24h Vol / Net** | Trading volume and net (buy − sell) volume |
| **Liquidity** | Available liquidity |
| **Holders / %Δ** | Number of holders and percentage change |
| **Fees Paid** | Total fees paid in relation to the token |
| **Last 24h** | Price sparkline over the last 24 hours |

## Organic Score

Many tokens display an **Organic Score** — a metric that estimates how much of a token's activity (holders, volume, liquidity) comes from genuine users rather than bots or wash trading. Jupiter tracks activity from real user wallets in real time; a higher score indicates more organic activity.

The Organic Score is calculated by Jupiter and is independent of a token's verification status.

<Warning>
  The Organic Score is a signal, not a guarantee. Statistics may be manipulated by sophisticated traders, and a high score does not mean a token is safe or a good investment. Always do your own research.
</Warning>

## Stablecoins Screener

The Stablecoins tab provides a dedicated screener for stablecoins available on Solana. It has two sub-views:

* **Stable** — standard stablecoins (pegged assets)
* **Yield** — yield-bearing stablecoins

The top of the screener displays aggregated metrics:

| Metric | Description |
| - | - |
| **30d Volume** | Total trading volume across all listed stablecoins over the past 30 days |
| **Total Mkt Cap** | Combined market cap of all listed stablecoins |
| **Total Liquidity** | Combined liquidity of all listed stablecoins |
| **Tokens** | Number of stablecoins listed |

Below, a **Top Performers** table ranks stablecoins with the following columns:

| Column | Description |
| - | - |
| **Token** | Stablecoin name and verification status |
| **Price / %Δ** | Current price and percentage change |
| <Tooltip>30d VWAP</Tooltip> | 30-day volume-weighted average price |
| **Market Cap** | Market cap of the stablecoin |
| **30d Vol / Net** | 30-day trading volume and net volume |
| **Liquidity** | Available liquidity |

## Stocks Screener

The Stocks tab covers stocks — equities, ETFs, and commodities — that are available on Solana as tokenized versions issued by third parties. It is also where **Stocks** in Jupiter's left navigation lands ([jup.ag/spot/stocks](https://jup.ag/spot/stocks)).

The tab has two views, switched with the chevron on the **Stocks** tab:

| View | What each row is | URL |
| - | - | - |
| **Stocks** (listed prices) | One row per underlying listed stock, with the stock's own market data. Tokenized versions from different issuers are grouped into the company's row. This is the default view. | `jup.ag/spot/stocks` |
| **Tokenized stocks** (on-chain prices) | One row per token, with on-chain data: price on Solana, liquidity, holders. | `jup.ag/spot/stocks/tokenized` |

### Stocks (listed prices)

Filter chips narrow the list to **All**, **Equities**, **ETFs**, or **Commodities**. The **Top Performers** table is sorted by market cap by default; click a column header to sort by it, and use the page controls at the bottom to browse the full list. Clicking a row opens the stock's [stock page](/user-docs/trade/spot/stock-page), where you pick an issuer to trade.

| Column | Description |
| - | - |
| **Company** | The underlying listed company, with its ticker. Tokenized versions from different issuers are grouped into one row |
| **Price** | Latest available price of the underlying stock in USD — not the price of a specific issuer token |
| **24h %** | Change in the underlying stock price relative to its previous market close |
| **Last 24h** | Sparkline of the underlying stock's closing prices over the last 24 hours (market-hours data, 40-minute intervals) |
| **MC** | Total market value of the underlying company in USD — not the market cap of its tokenized versions |
| **24h Vol** | Number of underlying shares traded over the last 24 hours |

This view has no timeframe selector, filters, or Quick Buy: it describes the listed stock, not a token.

### Tokenized stocks (on-chain prices)

This is the token-level screener. The **Tokenized Stocks** title is a dropdown giving access to per-issuer screeners (xStocks, Backpack, PreStocks, Tessera, Ondo, Shift). Issuer screener pages include a clearable token search (press Cmd/Ctrl+F to focus it) that keeps sorting and pagination while you search.

The top of the screener displays aggregated metrics:

| Metric | Description |
| - | - |
| **24h Volume** | Total trading volume across all listed tokenized stocks over the past 24 hours |
| **24h Traders** | Number of unique traders over the past 24 hours |
| **Total Liquidity** | Combined liquidity of all listed tokenized stocks |
| **Tokens** | Number of tokenized stocks listed |

Below, a **Top Performers** table ranks tokenized stocks with the following columns:

| Column | Description |
| - | - |
| **Token** | Tokenized stock name and verification status, with time since launch |
| **Price / %Δ** | Last traded price of the token on Solana, and percentage change |
| **MC / FDV** | On-chain market cap and fully-diluted valuation of the token |
| **24h Vol / Net** | 24-hour trading volume and net volume |
| **Liquidity** | Available liquidity. Stocks fulfilled via Request-for-Quote display **RFQ** instead of a value (see below) |
| **Holders / %Δ** | Number of holders and percentage change |

The comparison with the underlying stock — **Mark Price**, **Discount**, and **UMC** — is shown on each token's [token page](/user-docs/trade/spot/token-page#tokenized-stock-fields).

### RFQ liquidity

Some tokenized stocks have their liquidity provided primarily through a **Request-for-Quote (RFQ)** mechanism, where market makers fulfill trades on demand rather than liquidity sitting in a standard pool. These tokens display **RFQ** in the Liquidity column instead of a USD value.

<Warning>
  For RFQ-fulfilled tokens, always check the quote before executing a trade. Quotes may vary significantly depending on market conditions, and prices outside traditional market hours may be less favourable.
</Warning>

<Note>
  Tokenized stocks are onchain tokens issued by third parties — they are not the same as traditional stocks, and Jupiter does not issue, back, or guarantee any of them. Issuers differ in backing, redemption, trading hours, and eligibility. For how tokenized stocks work and issuer-specific conditions, see [Tokenized Stocks](/user-docs/trade/spot/tokenized-stocks); for the per-stock view with all its issuers, see [Stock Page](/user-docs/trade/spot/stock-page). Understand the risks before trading — see [Risks and Limitations](/user-docs/trade/spot/risks-and-limitations).
</Note>

## Filters

Each tab supports filters that let you narrow results by specific criteria. Available filters include:

**Trading metrics**

* Market cap, trading volume, holder count, liquidity

**Audit information**

* Token age, developer holdings, authorities held (Mint / Freeze), Jupiter verification status

**Other**

* Keyword search
* Bonding curve percentage — how far a token is along its bonding curve before migration to a standard liquidity pool (see [Risks and Limitations](/user-docs/trade/spot/risks-and-limitations) for an explanation of bonding curves)

<Note>
  Filters apply to the currently selected tab only. Switching tabs resets your filter configuration.
</Note>

## Quick Buy

Quick Buy allows you to purchase a token directly from any discovery tab without opening the token page.

<Steps>
  <Step title="Set your Quick Buy amount">
    Near the top of the Spot interface, select a Quick Buy amount in either **SOL** or **USDC**.
  </Step>

  <Step title="Click the ⚡ icon">
    Next to any token in the list, click the ⚡ icon to execute a buy at the specified amount.
  </Step>
</Steps>

Quick Buy uses your current trade execution settings (Ultra mode by default, or your manual Trade Presets if configured). See [Fees](/user-docs/trade/spot/fees) for details on execution modes.

<Warning>
  Quick Buy executes immediately when you click the ⚡ icon. There is no confirmation step. Make sure your Quick Buy amount and execution settings are configured before using this feature.
</Warning>

***

<CardGroup>
  <Card title="AlphaScan" icon="radar" href="/user-docs/trade/spot/alphascan">
    Real-time feed of new token launches.
  </Card>

  <Card title="Token Page" icon="chart-line" href="/user-docs/trade/spot/token-page">
    Detailed data when you open a token.
  </Card>

  <Card title="Launchpad Screener & Runners" icon="rocket" href="/user-docs/trade/spot/launchpad-screener-and-runners">
    Cross-launchpad analysis and Runners.
  </Card>
</CardGroup>


# Jupiter Spot FAQ
Source: https://docs.jup.ag/user-docs/trade/spot/faq

Frequently asked questions about Jupiter Spot: trading and execution, token safety, charts, features and tools, and limitations.

## General

<AccordionGroup>
  <Accordion title="How do I access Jupiter Spot on mobile?">
    Jupiter Spot is available on the Jupiter Mobile app:

    * **Android**: [Google Play Store](https://play.google.com/store/apps/details?id=ag.jup.jupiter.android)
    * **iOS**: [Apple App Store](https://apps.apple.com/us/app/jupiter-mobile/id6484069059)
  </Accordion>

  <Accordion title="jup.ag won't load in my wallet's mobile browser (e.g. Backpack). What should I do?">
    This is usually caused by stale site data in the browser. Work through these steps in order:

    <Steps>
      <Step title="Close all jup.ag tabs">
        In the wallet's in-app browser, close every jup.ag tab, then fully close the wallet app.
      </Step>

      <Step title="Reopen from a fresh tab">
        Open the app again and load jup.ag in a brand-new tab. Do not use the Reload button on an existing tab. If the in-app browser keeps failing, open jup.ag in your device's browser (Safari or Chrome) instead.
      </Step>

      <Step title="Clear the site data for jup.ag">
        If it still fails, clear the browser's stored data for jup.ag:

        * **iOS (Safari):** Settings → Apps → Safari → Advanced → Website Data, search for "jup.ag", then swipe left to delete it.
        * **Android (Chrome):** tap the three-dot menu → Settings → Site settings → All sites, search for "jup.ag", then tap Clear & reset.
        * **In-app wallet browsers:** most do not offer per-site clearing. Look for a "clear browser data" or "clear cache" option in the wallet's own settings.
      </Step>
    </Steps>

    <Danger>
      Never clear a wallet app's storage or app data from your phone's system settings unless your recovery phrase is safely backed up. Clearing app data can remove wallets stored on the device.
    </Danger>

    As a reliable alternative on mobile, use the [Jupiter Mobile app](https://jup.ag/mobile) directly.
  </Accordion>

  <Accordion title="What is the difference between Classic and Trench mode?">
    Classic mode (for all traders) is the classic Jupiter UX with a simple swap widget, using Ultra only. Trench mode (one-click trading) is a compact, information-dense pro layout with manual presets, designed for active trading on volatile tokens.

    Both modes execute swaps identically — the difference is purely visual. You can switch between them in **Settings → Spot → Trading Mode** (gear icon in the top navigation bar).

    See [What is Jupiter Spot?](/user-docs/trade/spot/index) for more details.
  </Accordion>

  <Accordion title="How do I hide the news icons on the chart?">
    Open **Display Options** in the chart toolbar and uncheck **News** under Markers. The same dropdown hides your own trades, dev trades, followed-wallet trades, and migration markers. The News button above the chart and the news drawer keep working. See [Charts](/user-docs/trade/spot/token-page#charts).
  </Accordion>

  <Accordion title="How do I hide or move the chat bubble that covers part of the trade page?">
    The round button in the bottom-right corner is the support bubble: it opens the help and feedback chat. It cannot be dragged elsewhere, but you can hide it. Open **Settings** (gear icon in the top bar), stay on the **General** tab, and turn off **Show support bubble**. The chat remains available from **Get Help** at the bottom of the left sidebar. The setting is saved in your browser. See [Settings](/user-docs/trade/spot#settings).
  </Accordion>

  <Accordion title="What is the difference between Quick Buy and Quick Swap?">
    * **Quick Buy** lets you purchase a token directly from a discovery tab or AlphaScan without opening the token page. Set an amount in SOL or USDC, then click the ⚡ icon next to any token.
    * **Quick Swap** is available on the right side of a token page. It lets you buy or sell that specific token without leaving the page.

    Both use your current execution settings (Ultra mode by default, or your manual Trade Presets).
  </Accordion>
</AccordionGroup>

## Trading & Execution

<AccordionGroup>
  <Accordion title="What is the vault access signature on Limit and DCA orders, and how do I revoke it?">
    Limit V2 and DCA V2 ask you to sign a message (or a transaction, for wallets that cannot sign messages, such as a Ledger connected directly to jup.ag) before showing or placing orders. It is a sign-in that proves you own the address; it cannot move funds. Placing an order or withdrawing from the vault still needs its own transaction signature; cancelling an order is the one action the sign-in covers by itself, and even then the tokens only leave the vault once you sign the withdrawal. The credential is stored in your browser for that address, is renewed while you use the site, and lapses after 30 days without a visit (90 days at most). To revoke it, disconnect the wallet from jup.ag, which also ends the session on Jupiter's side; your orders and vault funds are unaffected, and you will be asked to sign again next time. See [Vault access](/user-docs/trade/spot/limit-orders#vault-access).
  </Accordion>

  <Accordion title="What fees apply on Jupiter Spot?">
    Spot uses [Jupiter Ultra](/user-docs/trade/spot/ultra-mode) by default, which charges **0% to 0.5%** depending on the volatility of the token pair. More stable pairs tend toward the lower end, and more volatile pairs (e.g. newly launched tokens) tend toward the higher end.

    If your wallet doesn't have enough SOL for gas, gasless trading activates automatically. A relayer covers the SOL cost on your behalf and the swap fee is increased by the equivalent value; there is no extra fee for gasless itself. The gas cost is fixed (not proportional to trade size), so larger trades have a smaller percentage impact. Gasless is only available when this amount stays within 10% of the trade, hence a minimum trade size.

    Both fees are included in the quote shown before you confirm. See [Fees](/user-docs/trade/spot/fees) for full details.
  </Accordion>

  <Accordion title="Why is my Ultra slippage at X% (e.g. 0.73%)?">
    In Ultra Mode, slippage is calculated automatically by RTSE (Real-Time Slippage Estimator) based on:

    * The token category (stable, major, volatile, new listing)
    * Recent price volatility on that token
    * Liquidity depth in the pools your trade routes through
    * Current network conditions on Solana

    Values like 0.73%, 1.2%, or higher are normal for non-stable pairs and reflect current market conditions. RTSE sets the lowest slippage that still allows your trade to land successfully.

    If the slippage seems too high for your liking, you can switch to [Manual Mode](/user-docs/trade/spot/manual-mode) and set a fixed slippage yourself. Note that lowering slippage too much may cause your trade to fail. See [How RTSE Works](/user-docs/trade/spot/ultra-mode#how-rtse-works) for details.
  </Accordion>

  <Accordion title="Why does the chart jump or jitter on 1-second or 15-second candles?">
    At those intervals each candle is built live from a handful of trades, so one large trade or a swap through a thin pool prints as a spike or a step. Longer intervals absorb the same trades into a single candle. Charts quoted against a pair or another token refresh about every 60 seconds and reload if their history has a gap. Switch to a 1-minute or longer interval to read the trend. See [Charts](/user-docs/trade/spot/token-page#charts).
  </Accordion>

  <Accordion title="Why is my transaction taking longer than expected?">
    Several factors can delay execution:

    * **Network congestion** — Solana may be experiencing high activity.
    * **Low liquidity** — If your trade needs to route through multiple pools, it may take longer.
    * **Slippage settings too low** — If price movement exceeds your slippage tolerance, the trade may get stuck or revert.

    If your transaction hasn't been processed in a long time, please reach out to the team at [support.jup.ag](https://support.jup.ag/).
  </Accordion>

  <Accordion title="My swaps keep failing — what should I do?">
    If you are trying to buy a new token with high volatility, it may be difficult to land your trades. This is due to the price moving between the time you submit the swap and the time it executes. Jupiter's built-in slippage protection prevents you from buying tokens at unexpectedly high prices.

    Usually, it should take no more than 3 tries to buy a volatile token. If you struggle for more than 3 times, please let the team know at [support.jup.ag](https://support.jup.ag/).

    <Note>
      You will pay gas fees for failed trades. Jupiter may compensate users who lost gas on more than 3 consecutive failed attempts.
    </Note>
  </Accordion>

  <Accordion title="My swap isn't going through — &#x22;No routes found&#x22;">
    When you see "No routes found," it typically indicates one of these issues:

    * Insufficient liquidity for the token pair you're trying to swap.
    * The trade size is too large relative to available liquidity, or too small for Jupiter to reliably execute.
    * The token may have trading restrictions that prevent routing.

    When liquidity is insufficient for your full trade amount, Jupiter may suggest a reduced amount with a "Try reducing to \[amount]" message. This suggestion is a best-effort estimate based on available routes and is not a guaranteed maximum amount.
  </Accordion>

  <Accordion title="I received fewer tokens than expected — what should I do?">
    Possible reasons include:

    * **Slippage** — The token price moved before execution.
    * **Routing optimization** — The swap was split across multiple pools.
    * **Liquidity depth** — If a token has low liquidity, the trade impact can be significant.

    <Tip>
      Always check the preview screen before confirming a swap to see the estimated final amount.
    </Tip>

    If the difference is significant, please let the team know by [submitting a ticket](https://support.jup.ag/hc/en-us).
  </Accordion>

  <Accordion title="I got rekt on an Ultra trade — what happened?">
    If you got rekt while using Ultra Mode, you may be eligible for compensation in the following cases:

    * A bad quote caused by bad routing, especially when a better route or market was available at the time of swap.
    * More than 3 consecutive trades that failed to execute, leading to a loss in gas.
    * Unreasonably high slippage (>20%) when unnecessary, leading to sandwich attacks.

    <Warning>
      Jupiter never compensates for potential PnL, and only compensates Ultra Mode users. Jupiter cannot guarantee zero MEV. Ultra Mode minimizes the risk of getting sandwiched but does not prevent it entirely.
    </Warning>

    Allow up to 3 days for refund requests to be processed. Open a [support ticket](https://support.jup.ag/requests/new).
  </Accordion>

  <Accordion title="Why was my wallet flagged as high-risk?">
    Wallets are flagged if they've interacted with sanctioned exchanges or addresses linked to suspected criminal activity such as phishing or social engineering attacks. Please open a ticket on [support.jup.ag](https://support.jup.ag/) so the team can look into your individual case.
  </Accordion>

  <Accordion title="Why am I paying more fees on Jupiter than expected?">
    Some users have reported higher platform fees than expected. This is typically caused by browser extensions that modify quote responses or inject additional referral fees.

    Signs this may be happening:

    * Higher-than-expected fees on your Jupiter swaps.
    * Warnings in the app like: "Your platform fee is higher than expected due to an installed browser extension not affiliated with Jupiter."

    <Warning>
      **Known extensions observed to affect Jupiter swaps:**

      * **Kerberus** — Injects a referral account and changes the platform fee to 0.95%.
      * **Pocket Universe** — Also injects referral fees in Jupiter swaps.

      These extensions operate independently of Jupiter and are not developed or maintained by the Jupiter team.
    </Warning>

    **How to fix:**

    1. Double-check fees before approving any transaction.
    2. Disable or remove extensions that charge extra fees.
    3. Restart your browser and open a fresh window.
    4. Swap again on [jup.ag](https://jup.ag/) — you should now see normal fees.

    [Jupiter Wallet](/user-docs/manage/extension-wallet/security#transaction-protection) includes Transaction Protection, which filters transfers to known malicious addresses injected by such extensions.
  </Accordion>

  <Accordion title="Can I place Limit or Recurring orders on Token-2022 tokens?">
    Yes. Limit Order V2 and DCA V2 accept Token-2022 tokens, including those that charge a transfer fee. That fee is set by the token itself, not by Jupiter, and it applies each time the token moves: on the deposit, on the sell or each fill, on each buy, and when a cancellation returns your remaining tokens. The rate is shown in the review step before you confirm. A creator can change the rate afterwards, so an order can settle at a different rate than the one displayed. The one refusal is an OTOCO whose token to buy charges a transfer fee. The legacy V1 versions of both order types do not support these tokens. See [Token-2022 and transfer fees](/user-docs/trade/spot/limit-orders#token-2022-and-transfer-fees).
  </Accordion>

  <Accordion title="Why was my Limit order not executed?">
    Limit orders may fail to execute due to:

    * Extreme market volatility
    * Low token liquidity
    * Token creators removing all liquidity (rug pull)
    * Price movements too rapid for <Tooltip>keepers</Tooltip> to process
    * The price moved before the order was settled
    * Slippage failures during settlement
  </Accordion>

  <Accordion title="Why did my DCA (Recurring) order fail to execute?">
    DCA suborders may fail due to:

    * Insufficient liquidity
    * Price movements beyond acceptable slippage (slippage on DCA orders is managed automatically per execution; it is not a setting you configure)
    * Network congestion
    * Technical issues with the specific tokens
    * Price outside your set USD price range (V2 only — the suborder is marked as Out of Range and rescheduled to the next interval)

    Failed suborders automatically retry at the next scheduled interval.
  </Accordion>

  <Accordion title="How do I unwrap wSOL back into native SOL?">
    On [jup.ag](https://jup.ag), whenever a wSOL balance is detected in your connected wallet, a line under the swap form reads "You have \[amount] wrapped SOL that you can unwrap". Click **unwrap** and approve the transaction: your entire wSOL balance becomes native SOL. It works from the swap form and from a token page's trade panel, and it does not require the **Use wSOL** setting to be on.

    You do not need this after a normal swap, since swaps to SOL already deliver native SOL. It is for wSOL that reached your wallet another way, such as a withdrawal from an external protocol. See [Wrapped SOL (wSOL)](/user-docs/trade/spot/ultra-mode#wrapped-sol-wsol).
  </Accordion>

  <Accordion title="How do I get wrapped SOL (wSOL) in my wallet?">
    Most users never need wSOL: Jupiter wraps and unwraps SOL automatically, and swaps to SOL deliver native SOL. If an external protocol requires wSOL, enable **Use wSOL** in the swap settings (gear icon → **Manual** → **Routing**): swaps to SOL then deliver wSOL instead of native SOL.

    wSOL shows as **SOL** in the token selector (mint `So11…1112`). Any separate "Wrapped SOL" token in search results is unrelated and likely a scam. To go the other way, see the previous question. Full details on [Wrapped SOL (wSOL)](/user-docs/trade/spot/ultra-mode#wrapped-sol-wsol).
  </Accordion>
</AccordionGroup>

## Tokens & Safety

<AccordionGroup>
  <Accordion title="What are holder rewards, and why does this token charge a transfer fee?">
    Some launchpads fund rewards for a token's holders with a Token-2022 transfer fee: a percentage taken on every buy, sell and transfer, which the launchpad converts into the paired asset and distributes to eligible holders. These tokens show a **Holder rewards** icon next to the contract address and a JupShield warning with the rate. The fee applies to your own trades and transfers too, and the rewards are run by the launchpad, not by Jupiter, so they are not guaranteed. See [Holder rewards](/user-docs/trade/spot/token-page#holder-rewards).
  </Accordion>

  <Accordion title="How do I check if a token is safe to trade?">
    Spot displays several safety indicators on each token page:

    * **Mint Authority** — can the developer create more tokens?
    * **Freeze Authority** — can the developer freeze token accounts?
    * **Top 10 Holders %** — how concentrated is the supply?
    * **Dev Holding %** — how much does the developer hold?
    * **DB / DS markers** — when did the developer buy or sell?
    * **Snipers Holding %** — how much is held by wallets that bought within the first three blocks after launch?
    * **Insiders Holding %** — how much is held by wallets that bought in the first block or received tokens from other insiders?
    * **Pro Traders %** — what percentage of supply is held by professional trading platform users?
    * **Dex Paid** — did the creator pay for a DEX listing?
    * **Bonding Curve %** — has the token migrated to a liquidity pool?

    These indicators are informational tools, not guarantees of safety. Always do your own research. See [Token Page](/user-docs/trade/spot/token-page) and [Risks and Limitations](/user-docs/trade/spot/risks-and-limitations) for more.
  </Accordion>

  <Accordion title="I accidentally bought the wrong token — what can I do?">
    Tokens on Solana are permissionless, which means anyone can create a token. Always verify that you are buying the right token by checking the contract address. Jupiter reduces this risk by ranking tokens based on activity, using a verification system for community-verified tokens, and filtering out fake tokens when possible.

    <Warning>
      Jupiter is generally unable to support or compensate for buying the wrong tokens. This applies to all platforms: Jupiter Mobile, jup.ag, and others.
    </Warning>
  </Accordion>

  <Accordion title="What does the bonding curve percentage mean?">
    Some tokens launch through a bonding curve mechanism. The percentage shown represents how much of the curve has been filled. Once it reaches 100%, the token typically migrates to a standard <Tooltip>AMM</Tooltip> liquidity pool.

    Before migration, liquidity is limited and price impact per trade can be significantly higher. See [Risks and Limitations](/user-docs/trade/spot/risks-and-limitations) for details.
  </Accordion>

  <Accordion title="What are DB and DS markers on the chart?">
    **DB** (Dev Bought) and **DS** (Dev Sold) are markers on the token chart showing when the developer wallet bought or sold the token. The developer wallet is identified as the wallet that deployed the token contract.
  </Accordion>

  <Accordion title="What does the Organic Score mean?">
    The Organic Score estimates how much of a token's activity (holders, volume, liquidity) comes from genuine users rather than bots or wash trading. A higher score indicates more organic activity.

    It is calculated by Jupiter and is independent of a token's verification status. The Organic Score is a signal, not a guarantee — a high score does not mean a token is safe.
  </Accordion>

  <Accordion title="How is liquidity calculated on Spot?">
    Liquidity is calculated by aggregating the quote side of trading pairs with a curated set of established bluechip tokens (e.g. SOL, JUP, JLP, jitoSOL, TRUMP, USDC, USDT). This list is maintained by Jupiter and may change over time.

    A token's own liquidity is only included if Jupiter considers it an established asset — typically tokens with high market cap and deep liquidity. This number may differ from other sources, since Jupiter excludes certain pools that could artificially inflate liquidity figures.
  </Accordion>

  <Accordion title="The stats on my token page are not correct — how can I fix them?">
    Stats on Jupiter token pages may differ from other platforms since Jupiter uses its own set of heuristics and calculations to protect traders, and also refers to data from sources like CoinGecko and Birdeye.

    Currently, Jupiter does not support specialized features like aggregating liquidity across multiple chains or indexing token locks on other platforms, but the team is actively working on improving token pages. If you need assistance with your project's token page, please open a ticket on [support.jup.ag](https://support.jup.ag/).
  </Accordion>

  <Accordion title="Can I trade tokenized stocks 24/7?">
    Most tokenized stocks are tradeable 24/7. Tokenized stocks issued by **Ondo** were the exception on a **24/5** schedule, but Ondo has enabled 24/7 trading on its most-traded tokens; the rest remain on 24/5 (generally Sunday 8pm ET until Friday 8pm ET) with any additional trading pauses displayed in the UI. Ondo Stocks are currently only tradeable against USDC.

    Ondo tokens use a <Tooltip>RFQ</Tooltip> mechanism, which means liquidity may be significantly lower outside of traditional U.S. market hours. See [Tokenized Stocks](/user-docs/trade/spot/tokenized-stocks) for more.
  </Accordion>

  <Accordion title="What is the difference between the Stocks and Tokenized stocks views?">
    Both live in the **Stocks** tab of Discover (also **Stocks** in the left navigation). The **Stocks** view lists one row per underlying listed stock, with the stock's own price, market cap, and volume — tokenized versions from different issuers are grouped into that row, and clicking it opens the [stock page](/user-docs/trade/spot/stock-page) where you pick an issuer. The **Tokenized stocks** view lists one row per token, with on-chain data (price on Solana, liquidity, holders). Switch between them with the chevron on the **Stocks** tab. See [Stocks Screener](/user-docs/trade/spot/discover#stocks-screener).
  </Accordion>

  <Accordion title="The same stock is offered by several issuers — how do I choose?">
    Each issuer mints its own token, so a stock like NVDA can exist as several tokens with different prices, liquidity, and terms. The **Trade** table on the [stock page](/user-docs/trade/spot/stock-page#choosing-an-issuer) shows them side by side: the on-chain **Price**, and the **Liquidity** (or **RFQ** when it is quoted on demand). Beyond that, compare the issuers' backing, redemption, trading hours, and eligibility rules — see [Tokenized Stocks](/user-docs/trade/spot/tokenized-stocks).
  </Accordion>
</AccordionGroup>

## Features & Tools

<AccordionGroup>
  <Accordion title="Why are some of my limit orders not shown on the chart?">
    The chart only draws open **Limit V2** orders whose trigger asset is the token on the page, and only when the chart is quoted in USD, SOL, or market cap with the **Trigger Buy** / **Trigger Sell** lines enabled in **Display Options**. Orders still depositing or executing, V1 orders, orders that trigger on another token's price, and orders beyond the 30 most recent are not drawn; they are all still listed in **Open Orders**. See [Orders on the chart](/user-docs/trade/spot/limit-orders#orders-on-the-chart).
  </Accordion>

  <Accordion title="Where did the swap chart pair comparison go?">
    Chart pair comparison now lives on the token page: open the token's chart and use the quote selector to chart the token against its market pair, USD, SOL, or another token of your choice. See [Token Page](/user-docs/trade/spot/token-page).
  </Accordion>

  <Accordion title="How do I change the font size of the chart's price scale (including on a phone)?">
    Open the chart settings with the gear icon at the right of the chart toolbar, go to **Canvas**, and pick a size under **Scales › Text**. The change applies to the price and time scales, is saved in your browser, and survives a reload. In a mobile browser, scroll the chart toolbar to the right to reach the gear; the settings open as a list, so tap **Canvas** and scroll down to **Scales › Text**. See [Charts](/user-docs/trade/spot/token-page#charts).
  </Accordion>

  <Accordion title="Where are the drawing tools, such as trend lines, on the chart?">
    In a toolbar on the left edge of the chart, collapsed by default: click the small handle halfway down the left edge of the chart to open it. The second button from the top, Trend line tools, holds Trend Line, Ray, Horizontal Line, Vertical Line, Trend Angle and the channel tools; the other buttons cover Fibonacci tools, patterns, brushes, text, shapes and the measure tool. Pick a tool, then click on the chart to place its points. Drawings are saved in your browser for that base/quote pair. See [Charts](/user-docs/trade/spot/token-page#charts).
  </Accordion>

  <Accordion title="How do I reset the chart to its original view or settings?">
    Right-click an empty area of the chart and choose **Reset chart view** (⌥R on Mac, Alt+R on Windows) to undo zooming and scrolling; the same menu has **Remove indicators** and **Remove drawings**. To restore the default colours, scales and other settings, open the chart settings with the gear icon and choose **Apply defaults** from the **Template** menu at the bottom left of the dialog (**•••** on a narrow window). See [Charts](/user-docs/trade/spot/token-page#charts).
  </Accordion>

  <Accordion title="How can I find my average entry and exit prices?">
    You can find your average entry and exit prices in two places:

    1. On any token page, open the **My Positions** tab to see your Bought / Avg and Sold / Avg for that token.
    2. Go to the [Positions page](/user-docs/trade/spot/positions) to view all your positions across tokens with full PnL details.
  </Accordion>

  <Accordion title="What is the PnL Calendar?">
    The PnL Calendar is a monthly calendar view of your daily trading performance, displaying up to 2 months. It is accessible from the Positions page and from the trader modal on any token page (click on a trader's address in the tabs below the chart).

    It shows your daily and monthly PnL, your longest and current win streaks, and lets you export daily or monthly PnL cards as shareable images. See [Positions](/user-docs/trade/spot/positions) for details.
  </Accordion>

  <Accordion title="How can I follow a wallet?">
    Open the **SmartMoney** tab and use the **Wallet Tracker** to enter a wallet address. You can also find wallets to track from any token page by clicking on a trader's address in the Transactions table, or follow a trader directly from the SmartMoney leaderboards.

    Once tracked, the wallet's trades appear in your live feed. You can configure sound alerts, chart markers, and feed visibility for each wallet. See [SmartMoney](/user-docs/trade/spot/smart-money) for full details.
  </Accordion>

  <Accordion title="Where can I find the latest token launches on Solana?">
    [AlphaScan](https://jup.ag/spot/alphascan) provides a real-time feed organized in three columns: **New** (just launched), **Soon** (approaching bonding curve completion), and **Bonded** (recently migrated to a liquidity pool).

    You can filter by keyword, launchpad, and various trading metrics. See [AlphaScan](/user-docs/trade/spot/alphascan) for full details.
  </Accordion>

  <Accordion title="How do I show only tokens that bonded in the last few hours on AlphaScan?">
    Use the column filters, not a timeframe: AlphaScan has no 5m / 1h / 6h / 24h selector (that is a Discover feature) and its metrics use a fixed 24-hour window. Click the filter button in the **Bonded** column header, open the **Audit** group, set a **Bonded Age (mins)** maximum (360 for six hours), then **Save All**. See [Filtering a column](/user-docs/trade/spot/alphascan#filtering-a-column).
  </Accordion>

  <Accordion title="What are Launchpad Runners?">
    Runners are tokens that meet all of the following criteria at the end of a 24-hour window from their launch:

    * Market Cap ≥ \$1,000,000
    * Liquidity ≥ \$100,000
    * Holders ≥ 1,000
    * Organic Score ≥ 75.0

    Runner status does not mean a token is safe or will maintain its performance. See [Launchpad Screener & Runners](/user-docs/trade/spot/launchpad-screener-and-runners) for details.
  </Accordion>

  <Accordion title="How can I get my launchpad listed in the Launchpad Screener?">
    Jupiter currently supports launchpads built on **Meteora DBC** (Dynamic Bonding Curves) out of the box. If your launchpad uses Meteora DBC, you can get routing through Jupiter and 100+ partners via the API, real-time indexing with individual token pages, and AlphaScan support plus a dedicated screener page.

    To get listed, request it through the Meteora team, which coordinates DBC launchpad listings with Jupiter. Launchpads built on other technologies are evaluated case by case: contact the Jupiter team at [support.jup.ag](https://support.jup.ag). See [Launchpad Screener & Runners](/user-docs/trade/spot/launchpad-screener-and-runners) for details.
  </Accordion>

  <Accordion title="Why is my watchlist getting reset?">
    Your Jupiter watchlist is stored in your browser's cache. If the cache is cleared, your watchlist will reset. This can happen if:

    * You manually clear browser data.
    * Your device automatically clears cache.
    * A browser extension interferes with storage.
    * You use private/incognito mode.
    * You open Jupiter on a different device or browser.

    <Tip>
      To keep your watchlist intact, use the same browser regularly and avoid clearing cache.
    </Tip>
  </Accordion>

  <Accordion title="How can I reclaim SOL locked in unused token accounts?">
    When you trade tokens on Solana, your wallet pays a small SOL deposit (rent) to keep each token account open. If you no longer hold a token, the account is empty but the rent stays locked. Accounts you still use can also hold more rent than Solana now requires, and that excess can be reclaimed without closing them.

    Rent Reclaim is available at three places on jup.ag: the homepage (if you have 10 or more reclaimable accounts), the wallet side drawer, and the My Positions toolbar on token pages. Choose the accounts and tokens to include, then click Reclaim: empty accounts are closed and the excess rent of the others is returned.

    If you dismissed the homepage notification, use the wallet side drawer or the My Positions toolbar instead. Note that Rent Reclaim is currently not compatible with Trust Wallet's in-app browser. See [What is Jupiter Spot?](/user-docs/trade/spot/index) for more details.
  </Accordion>
</AccordionGroup>

## Limitations

<AccordionGroup>
  <Accordion title="Can I export my swap history?">
    Jupiter does not currently offer a native export feature for swap or order history.

    **For swaps (Ultra and Manual Mode):**

    * Your swap activity is visible in the Portfolio drawer under the **Activity** tab.
    * For a full transaction record, view your wallet on a block explorer like [Solana Explorer](https://explorer.solana.com/) or [Solscan](https://solscan.io/), where you can download transaction data.

    **For Limit Orders and DCA orders:**

    * Order history is visible on the dedicated pages ([jup.ag/limit](https://jup.ag/limit), [jup.ag/recurring](https://jup.ag/recurring)) and in the Portfolio drawer.

    For a broader view of activity across multiple Solana protocols, you can use [Jupiter Portfolio](https://jup.ag/portfolio).
  </Accordion>

  <Accordion title="Can I check my swap volume?">
    There is no dedicated volume checker on Jupiter at this time. You can use the <Tooltip>PnL</Tooltip> feature in [Positions](/user-docs/trade/spot/positions) to review your trading activity.
  </Accordion>

  <Accordion title="Can I buy an exact amount of a token?">
    Currently, you cannot set the exact amount of tokens you want to receive on Jupiter. The previous ExactOut option was removed because it often resulted in worse pricing compared to regular swaps.
  </Accordion>

  <Accordion title="Can I pause my DCA order temporarily?">
    No, Jupiter does not currently support pausing and resuming DCA orders. If you need to stop, you must cancel the order and create a new one when ready to continue.
  </Accordion>
</AccordionGroup>


# Jupiter Spot Fees
Source: https://docs.jup.ag/user-docs/trade/spot/fees

Fee structure for trading on Jupiter Spot — network fees, Jito tips, Jupiter commission, and gasless trading.

When trading on Jupiter Spot you may pay up to three types of fees, depending on the product and execution mode. By default, Spot uses [Jupiter Ultra](/user-docs/trade/spot/ultra-mode) to execute trades.

## Fee structure

### Solana network fees

Small fees required to submit and process your transaction on the Solana blockchain. These are not charged by Jupiter and are paid regardless of whether your trade succeeds. In Ultra Mode, Jupiter dynamically sets this fee for you.

### Jito tip

A fee paid to <Tooltip>Jito</Tooltip> validators when using MEV-protect or Jito-only transaction broadcasting. This applies in Manual Mode when Jito is selected as a broadcasting option. See [Manual Mode](/user-docs/trade/spot/manual-mode) for details.

### Jupiter commission

A fee charged by Jupiter on certain products. The rate depends on the product and, for Ultra Mode, on the token pair.

| Product | Fee | Details |
| - | - | - |
| Ultra Mode | 0–0.5% | Varies by pair and volatility. More stable pairs tend toward the lower end; more volatile pairs (e.g. newly launched tokens) toward the higher end. See [Ultra Mode — Fees](/user-docs/trade/spot/ultra-mode#fees). |
| Manual Mode (Market Swap) | 0% | No Jupiter commission on manual swaps. |
| Limit Orders (V1) | 0.1% flat | See [Limit Orders — Fees](/user-docs/trade/spot/limit-orders#limit-order-v1). |
| Limit Orders (V2) | 0.03–0.1% base + Ultra routing fee (0–0.5%) | See [Limit Orders — Fees](/user-docs/trade/spot/limit-orders#fees). |
| DCA orders (V1, formerly Recurring) | 0.1% flat | See [DCA Orders — Fees](/user-docs/trade/spot/recurring-orders#fees-2). |
| DCA orders (V2) | 0.03–0.1% base + Ultra routing fee (0–0.5%) | See [DCA Orders — Fees](/user-docs/trade/spot/recurring-orders#fees). |

<Note>
  Fees are included in the quote shown before you confirm. The swap form starts with a compact rate summary: expand it to see the fee breakdown, the network fee, and open the route dialog showing the full swap path and venue splits. Manual swaps do not incur any Jupiter commission — you only pay Solana network fees and, if applicable, Jito tips.
</Note>

<Note>
  Swaps placed natively in the Jupiter Mobile app follow a separate Mobile fee schedule. See [Jupiter Mobile fees](/user-docs/global/mobile/fees).
</Note>

## Gasless trading fees

Gasless trading is activated when your wallet does not have enough SOL to cover transaction fees (signature fees, priority fees, and rent). In this case, a relayer submits the transaction on your behalf and covers the SOL cost.

The swap fee is increased by the USD value of the SOL the relayer pays on your behalf, converted into an equivalent amount in the token you are trading. Gasless itself carries no additional fee.

Key details:

* The increase equals the gas paid; Jupiter does not add a margin for gasless.
* The gas cost is a **fixed amount**, not proportional to trade size. This means the percentage impact is smaller on larger trades and larger on smaller trades.
* Gasless is only available when the recovered gas stays within **10% of the trade**. This sets a **minimum trade size** (about \$10, adjusted with network fees); smaller trades are not eligible. Gasless also requires less than 0.01 SOL in the wallet and a verified sell-side token.
* The gas recovery comes **on top of** the standard swap fee; both are included in the quote.
* This does not apply to swaps routed through [JupiterZ](/user-docs/trade/spot/ultra-mode#gasless-trading), where the market maker covers the gas at no additional cost to you.

<Tip>
  Gasless trading is designed primarily for onboarding situations, for example when you create a new wallet and transfer USDC but don't yet hold SOL. For the best execution, using SOL for gas is recommended when possible.
</Tip>

## Ultra mode vs manual mode

Spot offers two execution modes:

| Setting | Ultra mode (default) | Manual mode (Trade Presets) |
| - | - | - |
| **Slippage** | Automatically optimized | Set by user |
| **Priority fee** | Automatically optimized | Set by user |
| **Tip** | Automatically optimized | Set by user |
| **MEV protection** | Enabled by default | Depends on configuration |

<Accordion title="What are priority fees and tips?">
  **Priority fee** — An additional fee (in SOL) paid to Solana validators. Higher priority fees increase the likelihood that your transaction is included in the next block, which matters during periods of network congestion.

  **Tip** — An optional incentive (in SOL) paid to the transaction executor (a searcher or relayer) to prioritize your transaction's execution. Tips are separate from priority fees and are used to compete for faster inclusion when multiple transactions target similar opportunities.

  In Ultra mode, both values are set automatically based on current network conditions. In manual mode, you control them directly.
</Accordion>

<Warning>
  Setting slippage tolerance too high in manual mode can result in unfavorable execution prices. Setting it too low can cause transactions to fail. If you are unsure, use Ultra mode — it adjusts these parameters automatically.
</Warning>

***

<CardGroup>
  <Card title="Risks and Limitations" icon="triangle-exclamation" href="/user-docs/trade/spot/risks-and-limitations">
    Understand the risks of trading on Spot.
  </Card>

  <Card title="Token Page" icon="chart-line" href="/user-docs/trade/spot/token-page">
    All the data available when you open a token.
  </Card>
</CardGroup>


# What is Jupiter Spot?
Source: https://docs.jup.ag/user-docs/trade/spot/index

Jupiter Spot: instant token swaps on Solana with best-in-class execution, limit and DCA orders, token discovery, charts, and pro trading tools.

Jupiter Spot is Jupiter's spot trading product on Solana: exchange any token instantly with best-in-class execution, plus the data and tools to discover, analyze, and trade actively — all in one interface. It combines real-time token discovery feeds, detailed token pages, charting, wallet tracking, and configurable trade settings in a single workspace.

Spot is available at [jup.ag/spot](https://jup.ag/spot).

<Card title="Learn Jupiter Spot with a hands-on guide" icon="graduation-cap" href="https://academy.jup.ag/lessons/jupiter-swap">
  Step-by-step walkthrough on Jupiter Academy. Covers swap basics, modes, and best practices.
</Card>

## How it works

Jupiter scans liquidity pools in real time (Meteora, Raydium, Humidifi, and >100 other liquidity sources), splits the transaction if necessary, and optimizes the route to achieve the best overall execution — balancing price, speed, and success rate. See [How tokens are listed and routed](/user-docs/trade/spot/token-page#how-tokens-are-listed-and-routed) for details on listing requirements and supported AMMs.

## Trading modes

Spot has two execution modes:

| | [Ultra Mode](/user-docs/trade/spot/ultra-mode) | [Manual Mode](/user-docs/trade/spot/manual-mode) |
| - | - | - |
| **Slippage** | Auto (via <Tooltip>RTSE</Tooltip>) | Custom |
| **Transaction Broadcasting** | Automatic | Custom |
| <Tooltip>MEV</Tooltip> **Protection** | Best in class | None |
| **Priority Fees** | Auto (ensures high success without overpaying) | Custom |
| **Gasless Swaps** | Available for most tokens | None |
| <Tooltip>AMM</Tooltip> **Exclusion** | Auto | Custom |

Spot also supports automated order types:

<CardGroup>
  <Card title="Limit Orders" href="/user-docs/trade/spot/limit-orders">
    Set a target price or market cap and let Jupiter execute your trade automatically when the condition is met.
  </Card>

  <Card title="DCA Orders" href="/user-docs/trade/spot/recurring-orders">
    Spread your purchases over time using dollar-cost averaging (DCA) with automated trades at regular intervals.
  </Card>
</CardGroup>

<Tip>
  If you are unsure which settings to use, stick with Ultra mode — it handles slippage, priority fees, and MEV protection automatically based on current network conditions. See [Fees](/user-docs/trade/spot/fees) and [Risks and Limitations](/user-docs/trade/spot/risks-and-limitations) for details.
</Tip>

## Interface modes

Spot offers two interface modes. Both execute swaps identically — the difference is purely in the layout. You can switch between them in **Settings → Spot → Trading Mode** (gear icon in the top navigation bar).

<Tabs>
  <Tab title="Classic mode">
    For all traders: the classic Jupiter UX with a simple swap widget. Cleaner layout, less information density, and a straightforward swap flow. Uses Ultra only. Suited for users who want a readable, uncluttered experience or who are new to Spot.
  </Tab>

  <Tab title="Trench mode">
    One-click trading: a pro UX with a compact trade widget, manual presets, and more real-time data visible at once. Designed for users who trade frequently — especially on volatile tokens — and need to adjust parameters quickly between transactions.
  </Tab>
</Tabs>

<Tip>
  For one-click trading in Trench mode, use [Jupiter Wallet](/user-docs/manage/extension-wallet) and enable [Auto-Approve](/user-docs/manage/extension-wallet/settings#auto-approve).
</Tip>

## Settings

The Settings panel (gear icon in the top navigation bar) lets you configure how Spot behaves. It is organised into three tabs — **General**, **Spot**, and **Portfolio**:

<Accordion title="General">
  * **Default Currency** — the token your trades are quoted against on Spot: USDC, SOL, or JupUSD
  * **Preferred Explorer** — the block explorer used for transaction links: Solscan, Solana Beach, Solana Explorer, SolanaFM, Orb, or OKLink
  * **Number Format** — **Local** (12.35k) or **World** (12.35K) abbreviations; full numbers stay 12,345.67 in both
  * **Show Top Token Bar** — toggle the top bar showing Watchlist, Positions, and Recent tokens
  * **Show support bubble** — toggle the floating help and feedback button in the bottom-right corner, which opens the support chat. Turn it off if it covers part of the page; **Get Help** in the left sidebar still opens the same chat. The bubble cannot be moved.
  * **RPC Endpoint** — choose between **Jupiter RPC** (marked Beta), **Triton RPC Pool 1** and **2**, **Helius RPC 1**, or a custom RPC. Latency is displayed for each option.
</Accordion>

<Accordion title="Spot">
  * **Trading Mode** — switch between Classic and Trench mode
  * **Sound Alerts** — toggle the trading sound, set notification volume (default 50%), and choose the Buy and Sell sound effects
</Accordion>

<Accordion title="Portfolio">
  * **Currency** — the currency Portfolio values are shown in: USD, EUR, GBP, JPY, AED, AUD, CAD, SGD, or INR
  * **Hide positions** — hide positions under \$0.01, \$1, \$5, or \$10, or show all
  * **Health mode** — show lending position health as a **Ratio** or a **Factor**
  * **Spot PnL** — period covered by the Spot PnL card: **All time** or **24h**

  See [Portfolio settings](/user-docs/manage/portfolio/settings) for details.
</Accordion>

## Supported wallets

Jupiter works best with the [Jupiter Wallet](https://chromewebstore.google.com/detail/jupiter-wallet/iledlaeogohbilgbfhmbgkgmpplbfboh), available on desktop as a [browser extension](/user-docs/manage/extension-wallet) and on [mobile](https://jup.ag/mobile).

Jupiter also supports all major Solana-native web extension wallets such as Phantom and Backpack, along with hardware wallets like Ledger and Trezor. The Jupiter Mobile app can be paired with the web interface via the **Magic Scan** feature.

### Quick Accounts

Jupiter Quick Accounts are embedded wallets powered by [Privy](https://www.privy.io/). They let you log in with social accounts (Discord, Google, email, etc.) or an existing crypto wallet, without needing a seed phrase. In the **Connect** menu on [jup.ag](https://jup.ag/), this option appears as **Jupiter ID** (Email or Social Login), alongside Jupiter Wallet, Jupiter Mobile (QR code), and the supported external wallets. Quick Accounts are:

* **Signless** — trades execute instantly without approving every transaction.
* **Non-custodial** — you retain full control. Your private key can be exported at any time.

<Warning>
  Store your private key securely. Anyone with access to it has full control over your wallet and funds.
</Warning>

## Portfolio & Activity

The **Portfolio drawer** (top right on [jup.ag](https://jup.ag/)) displays your holdings and activity across Jupiter products (Spot, Perps, Lend, etc.).

* **PnL (Profit and Loss) Analysis** — available in [Jupiter Portfolio](https://jup.ag/portfolio) under the Spot tab, or on individual token pages under the token chart. See [Positions](/user-docs/trade/spot/positions).
* **Swap history** — available in the Portfolio drawer under the **Activity** tab.

For a broader view of your positions across multiple Solana protocols, use [Jupiter Portfolio](https://jup.ag/portfolio).

## After-swap suggestions

After you complete a swap on the [jup.ag](https://jup.ag/) homepage or the swap page, the confirmation toast may show up to two suggested tokens related to the token you received (suggestions do not appear for swaps made from token pages). They are based on co-trading patterns — tokens that wallets holding your output token tend to trade next — weighted toward recent activity and updated daily. Only verified tokens are eligible, a blocklist filters out problematic tokens, and suggestions are global (the same for all users, not based on your wallet or history). Clicking a suggestion opens that token's page.

<Warning>
  Suggestions are statistical patterns, not endorsements or financial advice. Always do your own research before trading a suggested token.
</Warning>

## Rent Reclaim

When you interact with tokens on Solana, your wallet pays **rent** — a small SOL deposit required to keep token accounts open onchain. Over time, unused token accounts (e.g. from tokens you no longer hold) can accumulate, locking small amounts of SOL.

Rent Reclaim recovers that SOL in two ways: it closes empty token accounts, and it reclaims the **excess rent** from token accounts you keep. Solana has lowered the rent requirement several times, so accounts created earlier hold more SOL than is now required; the excess is returned while the account stays open and usable, and the same account can yield more again after a future reduction. The panel lists the **Accounts to reclaim** and the **Eligible Tokens** with an **Estimated Reclaim**; untick what you want to leave as is, then click **Reclaim** and sign. Accounts whose close authority was handed to another application (some launchpads do this) are not listed, because the wallet cannot close them. Rent Reclaim is available at three locations on jup.ag:

* **Homepage** — below the portfolio widget, visible only if you have 10 or more reclaimable accounts
* **Wallet side drawer** — accessible from your wallet panel
* **My Positions toolbar** — on token pages

<Warning>
  **Known limitations:**

  * If you dismiss the Rent Reclaim notification on the homepage, the prompt will no longer appear there. You can still access Rent Reclaim from the wallet side drawer or the My Positions toolbar on token pages.
  * Rent Reclaim is currently not compatible with Trust Wallet's in-app browser. If you use Trust Wallet, try accessing jup.ag through a different browser instead.
</Warning>

## Changelog

All product updates are published at [jup.ag/updates](https://jup.ag/updates).

***

## Explore Spot

<CardGroup>
  <Card title="Pulse" icon="bolt" href="/user-docs/trade/spot/pulse">
    At-a-glance market overview — news, movers, and category dominance.
  </Card>

  <Card title="Discover" icon="magnifying-glass" href="/user-docs/trade/spot/discover">
    Browse tokens by category using curated feeds and filters.
  </Card>

  <Card title="AlphaScan" icon="radar" href="/user-docs/trade/spot/alphascan">
    Real-time feed of new token launches across Solana.
  </Card>

  <Card title="SmartMoney" icon="eye" href="/user-docs/trade/spot/smart-money">
    Follow wallets and see what notable traders are buying.
  </Card>

  <Card title="Watchlist" icon="star" href="/user-docs/trade/spot/watchlist">
    Save tokens and track them with market data and curated news.
  </Card>

  <Card title="Launchpad Screener & Runners" icon="rocket" href="/user-docs/trade/spot/launchpad-screener-and-runners">
    Cross-launchpad analysis and Runner criteria.
  </Card>

  <Card title="Token Page" icon="chart-line" href="/user-docs/trade/spot/token-page">
    Market data, safety indicators, charts, and trading tools for any token.
  </Card>

  <Card title="Positions" icon="chart-pie" href="/user-docs/trade/spot/positions">
    Your portfolio performance, PnL, and trading history.
  </Card>

  <Card title="Stock Page" icon="chart-simple" href="/user-docs/trade/spot/stock-page">
    Underlying stock data and the issuers you can trade it from.
  </Card>

  <Card title="Tokenized Stocks" icon="building-columns" href="/user-docs/trade/spot/tokenized-stocks">
    Trade onchain tokenized equities, with issuer and risk details.
  </Card>
</CardGroup>


# Launchpad Screener & Runners
Source: https://docs.jup.ag/user-docs/trade/spot/launchpad-screener-and-runners

How the Launchpad Screener works on Jupiter Spot, including Runner criteria and launchpad listing.

The [Launchpad Screener](https://jup.ag/spot/launchpads) provides real-time analysis of tokens launched across major Solana launchpads. It aggregates data from multiple launchpads into a single view, with trading volume comparison and an overview of top-performing tokens.

## What the screener shows

The Launchpad Screener displays tokens from supported launchpads with:

* Token name, age, and launchpad of origin
* Trading volume and volume comparison across launchpads
* Market cap, liquidity, and holder count
* Bonding curve status (pre-migration vs migrated)

You can use the same filters available in other Discover tabs (market cap, volume, holders, liquidity, token age, etc.) to narrow results.

## Launchpad Runners

[Runners](https://jup.ag/spot/launchpads?view=runners) are tokens that meet specific performance criteria within 24 hours of their launch. The Runner designation highlights tokens that have gained traction quickly based on measurable onchain metrics.

### Runner criteria

To be classified as a Runner, a token must meet **all** of the following thresholds **at the end of a 24-hour window starting from its launch**:

| Metric | Threshold |
| - | - |
| Market Cap | ≥ \$1,000,000 |
| Liquidity | ≥ \$100,000 |
| Holders | ≥ 1,000 |
| Organic Score | ≥ 75.0 |

All criteria are evaluated at the end of the 24-hour window. If any metric is below its threshold at that point, the token does not qualify as a Runner.

<Accordion title="What is the Organic Score?">
  The Organic Score estimates how much of a token's activity (holders, trading volume, liquidity) comes from genuine users rather than bots or artificial activity. It is calculated by Jupiter.

  An Organic Score of 75.0 or above is the threshold for Runner classification. For more details on how the score is computed, see [Organic Score](/user-docs/trade/spot/discover#organic-score).
</Accordion>

<Warning>
  Runner status indicates that a token met specific metric thresholds shortly after launch. It does not mean the token is safe, legitimate, or likely to maintain its performance. Tokens can meet Runner criteria and still lose value rapidly. See [Risks and Limitations](/user-docs/trade/spot/risks-and-limitations).
</Warning>

## Listing a launchpad on the screener

The Launchpad Screener covers major Solana launchpads, and coverage expands over time.

### Supported launchpad technology

Jupiter provides out-of-the-box support for launchpads built on **Meteora DBC** (Dynamic Bonding Curves), and also integrates launchpads on their own technology case by case (recent additions include StonkFun, Purps, Perpspad, and OTC). A listed launchpad gets:

* Routing through Jupiter and access via 100+ partners using Jupiter's API
* Real-time indexing with individual token pages
* AlphaScan support and a dedicated screener page, with the launchpad's logo, token links, and bonding-curve view where applicable

The list of covered launchpads evolves; the launchpad filter in the screeners and AlphaScan always reflects the current set.

### How to request listing

If your launchpad is built on Meteora DBC, request listing through the Meteora team, which coordinates DBC launchpad listings with Jupiter. If your launchpad runs on its own technology, contact the Jupiter team at [support.jup.ag](https://support.jup.ag); these requests are evaluated case by case.

<Note>
  Some listed launchpads use Token-2022 transfer fees (for example StonkFun charges a fee on transfers that funds holder rewards). Jupiter shows the rate in the token's JupShield warnings, with a **Holder rewards** icon next to the contract address when the fees fund rewards for holders. See [Holder rewards](/user-docs/trade/spot/token-page#holder-rewards).
</Note>

***

<CardGroup>
  <Card title="Discover" icon="magnifying-glass" href="/user-docs/trade/spot/discover">
    Browse tokens by category and apply filters.
  </Card>

  <Card title="AlphaScan" icon="radar" href="/user-docs/trade/spot/alphascan">
    Real-time feed of new token launches.
  </Card>
</CardGroup>


# Jupiter Limit Orders
Source: https://docs.jup.ag/user-docs/trade/spot/limit-orders

Set the exact price to buy or sell any Solana token with Jupiter Limit Orders: how they work, how they differ from a CLOB, and Limit Order V2 vs V1.

Jupiter Limit Orders let you choose the price at which you want to buy or sell a token. Instead of executing at the current market price (like a market swap), a limit order waits until your specified price level is reached before executing.

* **Market price** is the current trading price of the token.
* **Limit price** is your specified target for order execution.

If your limit price is significantly higher than the current market price, a regular market swap may be more appropriate.

Jupiter Limit Orders differ from a traditional Central Limit Order Book (CLOB). CLOBs match buyers and sellers directly and require dedicated market makers. Jupiter Limit Orders instead execute against onchain liquidity from multiple decentralised exchanges (DEXes), offering broader token coverage but with different execution behaviour.

Jupiter currently offers two versions: **Limit Order V2** (the current version) and **Limit Order V1** (legacy, being sunset).

<Warning>
  **Limit Order V1 is being sunset.** New V1 orders can no longer be created. Use [Limit Order V2](#limit-order-v2) for all new orders.
</Warning>

## V1 vs V2

| | Limit Order V1 | Limit Order V2 |
| - | - | - |
| **Trigger type** | Pool rate between the two tokens | Token's USD price or market cap |
| **Output amount** | Guaranteed (follows pool pricing) | Not guaranteed (prioritises execution with minimal slippage) |
| **Orders below market price** | Not supported | Supported (Buy Below) |
| **Take Profit / Stop Loss** | Not supported | Supported (including both on the same position) |
| **Trailing Stop Loss** | Not supported | Supported |
| **Edit an order** | Must cancel and create a new one | Can edit in place |
| **Partial fills** | Supported | Supported |
| **Fees** | 0.1% flat | 0.03–0.1% base + Ultra routing fee (0–0.5%) |

## Limit Order V2

The sections below describe Limit Order V2, the current version. For the legacy version, see [Limit Order V1](#limit-order-v1) at the end of this page.

### How it works

In Limit V2, orders are triggered based on the token's USD price or market cap. When the desired price level is reached, the order is executed using available liquidity.

When you place an order, your selling tokens are moved into an intermediate vault (a secure program-owned account that holds your tokens while the order is active).

<Note>
  While an order is active, those tokens are held by the vault address rather than by your wallet, and the vault is program-owned, so there is no private key for it. Anything that reads wallet balances directly, such as a third-party airdrop snapshot, may therefore not count them. Each project sets its own snapshot rules, so take this into account before leaving an order open.
</Note>

<Warning>
  The vault address is not a deposit address. Never send tokens to it directly: tokens sent straight to a vault address are not credited to any order and can only be recovered through a support ticket, which is not guaranteed. The same applies to tokens a project sends to that address on its own, such as holder rewards or airdrops paid to the holders of a token locked in an order: they land in the vault, not in your wallet, and recovering them also goes through support.
</Warning>

If the token you trade charges a Token-2022 transfer fee, the order review shows a transfer-fee warning (including the exit leg of an OTOCO order), and cancelling such an order asks for a confirmation first.

Jupiter continuously monitors market prices to check if your trigger condition has been met. Once the trigger is reached, a keeper (an automated bot that monitors and executes orders on your behalf) executes the trade through [Jupiter Ultra](/user-docs/trade/spot/ultra-mode), which searches for the best available route across supported liquidity sources.

Because execution happens at the moment the trigger is reached, the final amount you receive may differ from the estimate shown during order creation. The exact output amount is not guaranteed: V2 prioritises executing the order with minimal slippage when the price trigger is hit.

<Note>
  V2 triggers track a token's **USD price**, not the exchange rate between the two tokens in your order. Because of this, the amount of the other token you spend or receive can move with that token's own price between order creation and execution. For example, if you place a USD-price trigger to sell a token for SOL and SOL's price changes before the trigger is hit, the amount of SOL you receive can differ from the estimate shown when you created the order.
</Note>

### Vault access

The first time you place or view Limit V2 orders with a wallet, Jupiter asks you to **Access your vault** by signing a message. Wallets that cannot sign messages get a **Sign with a transaction** option instead; this is the case for a Ledger connected directly to jup.ag. Through the [Jupiter Wallet extension](/user-docs/manage/extension-wallet/getting-started#hardware-wallets), a Ledger running Solana app 1.16.0 or later signs the message as a readable off-chain message, so this sign-in no longer needs blind signing enabled on the device; older Solana app versions sign a transaction. Placing orders with a Ledger still requires blind signing. This signature is a sign-in, not a token approval: it proves that you control the address, so the interface can show and manage that wallet's orders. It cannot move funds: placing an order or withdrawing tokens from the vault still requires its own transaction signature. Cancelling an order is the exception: the sign-in alone is enough to stop the order, but the locked tokens only leave the vault once you sign the withdrawal transaction, which is why a cancelled order can show as **Pending Withdraw**.

The resulting credential is stored in your browser for that wallet address, so you are not asked again on every visit. It is renewed automatically while you use the site, lapses after 30 days without a visit, and expires 90 days after signing at the latest; you are then asked to sign again.

To revoke it, **disconnect the wallet** from jup.ag: the stored credential is deleted and the session is ended on Jupiter's side. Clearing the site data for jup.ag in your browser also removes the credential from that browser. Revoking changes nothing for your open orders or for the tokens held in the vault; the next time you open the Limit or DCA page with that wallet, you are asked to sign again. On a shared or public computer, disconnect the wallet before leaving: anyone with access to that browser session could otherwise cancel your open orders.

### Order types

Limit V2 groups several order types under one form. The **Limit** tab shows the order type currently selected (for example **Limit - Take Profit**); click it to open the list, grouped in three sections:

| Section | Order type | What it does |
| - | - | - |
| **Sell** | **Take Profit** | Sells when the price rises to your target. |
| **Sell** | **Stop Loss** | Sells when the price falls to your stop. A **Fixed Price** / **Trailing** switch on the form turns it into a [Trailing Stop Loss](#trailing-stop-loss). |
| **Buy** | **Buy the Dip** | Buys when the price falls to your level. |
| **Buy** | **Buy the Pump** | Buys when the price rises to your level. |
| **Combos** | **One Cancels Other** (OCO) | Two sell orders at different prices; the first to trigger cancels the other. |
| **Combos** | **Limit Buy → OCO** (OTOCO) | Buys in, then automatically arms a Take Profit and Stop Loss on the filled position. |

The trigger directions behind Buy the Dip and Buy the Pump are described under [Trigger types](#trigger-types). OCO and OTOCO are covered under [Take Profit and Stop Loss](#take-profit-and-stop-loss); Trailing Stop Loss has its [own section](#trailing-stop-loss) below.

### Trigger types

* **Buy Below** (the **Buy the Dip** order type): triggers when the token price or market cap goes below your set level.
* **Buy Above** (the **Buy the Pump** order type): triggers when the token price or market cap goes above your set level.

Triggers can be based on either the token's USD price or its market cap.

### Slippage

Slippage tolerance controls how much the execution price can move from your trigger price during execution. Limit Orders are executed using Jupiter Ultra, which applies a small amount of slippage by default to improve execution success. This can be adjusted manually, or set to 0% to execute only at the exact trigger price.

### Order expiry

Each Limit V2 order has an expiry, chosen when you place the order: **1 hour, 1 day, 1 week (the default), 30 days, or a custom date**. (In [Jupiter Wallet](/user-docs/manage/extension-wallet/swap-and-trade#limit-and-recurring-orders), the presets range from 10 minutes to 30 days.) If the trigger condition is not reached before expiry, the order is cancelled automatically and the locked tokens are returned to your wallet.

### Partial fills

Orders may execute partially depending on available liquidity. If an order executes partially, the filled portion is settled immediately. The remaining amount stays active and continues waiting for execution until it is fully filled, cancelled, or expires.

### Managing orders

Open and past orders can be viewed from the Limit page on [jup.ag/limit](https://jup.ag/limit) or from the Portfolio sidebar under the **Limit** tab. Orders can be edited or cancelled from either location.

<Accordion title="I cancelled an order but have not received my tokens back">
  A cancelled order can enter a **Pending Withdraw** state instead of returning funds automatically (seen mostly when cancelling from the mobile app). Open the Limit page on the web app ([jup.ag/limit](https://jup.ag/limit)) and withdraw the funds manually from there. If nothing shows as pending and the funds are still missing, contact [support](https://support.jup.ag/).
</Accordion>

### Orders on the chart

The token page chart draws a horizontal line at the trigger price of your open limit orders, labelled **Buy** or **Sell** with the order size, and with a × to cancel the order from the chart. An order is drawn only when all of the following are true:

* It is a **Limit V2** order (V1 orders are not drawn).
* Its state is **Open**: orders still depositing, executing, or awaiting withdrawal are skipped.
* The token on the page is the order's **trigger asset**, the one whose price the order watches. An order that triggers on SOL's price is drawn on the SOL page, not on the page of the token it buys or sells.
* The chart is quoted in **USD**, **SOL**, or **market cap**, not in a market pair, and the matching line type is enabled under **Display Options › Lines** (**Trigger Buy** for orders buying the token, **Trigger Sell** for orders selling it).

TP + SL and OCO orders draw one line per leg. The chart loads your 30 most recently updated open orders on that token; beyond that, older orders are listed in **Open Orders** but not drawn. Zoom out if a trigger price sits outside the visible range.

### Take Profit and Stop Loss

Take Profit and Stop Loss let you automate exits from a position based on price levels. On Limit V2, these are set using the same trigger system as regular Limit orders.

* **Take Profit**: a sell order that triggers when the price rises above your target.
* **Stop Loss**: a sell order that triggers when the price falls below your stop level.

<Note>
  The Take Profit and Stop Loss described here are fixed-price triggers: the level stays where you set it. Stop Loss can also be set as a [Trailing Stop Loss](#trailing-stop-loss), where the trigger follows the price up. Trailing Take Profit is not supported.
</Note>

<Warning>
  **Stop Loss is not guaranteed to execute.** When the trigger price is hit, the order is submitted for execution with your slippage tolerance applied. If the price moves past your Stop Loss trigger faster than the order can execute, or if liquidity is insufficient to fill the order within your slippage tolerance, the order will not fill. This is especially common with low-liquidity tokens such as new memecoins or tokens that have been rugged.
</Warning>

**How they work**

When you set a Take Profit or Stop Loss, the exit condition is attached to the entry order. If the entry order triggers and executes:

<Steps>
  <Step title="Exit order created">
    The bought tokens are automatically used to create the exit order.
  </Step>

  <Step title="Tokens held in vault">
    These tokens remain in the <Tooltip>vault</Tooltip> instead of being sent to your wallet.
  </Step>

  <Step title="Exit order active">
    The exit order stays active until it triggers, is cancelled, or expires.
  </Step>
</Steps>

Because of this, you may not see the bought tokens in your wallet immediately after the entry executes. If you cancel the order while the exit condition is still active, the locked tokens are returned to your wallet.

**On tokens you already hold (OCO)**

If you already hold a token, you can place a One Cancels Other (OCO): a Take Profit sell above the market and a Stop Loss sell below it, submitted as a single pair. Whichever price is hit first executes and automatically cancels the other. This is the exit pair on its own, with no entry order.

**Using both together (OTOCO)**

You can set both a Take Profit and a Stop Loss on the same entry order. This creates a two-leg structure:

1. **First leg (entry)**: your entry order (e.g. buy SOL below \$X). This cannot be an OCO itself.
2. **Second leg (OCO exit)**: once the entry is fully filled, the bought tokens are used to create both exit orders (Take Profit and Stop Loss). These form an OCO pair: whichever exit condition triggers first cancels the other automatically. An OCO may partially fill a Take Profit if there isn't enough liquidity.

This full flow is known as OTOCO (One Triggers the Other, One Cancels the Other): the entry order triggers the OCO exit pair.

<Note>
  OTOCO is the full flow: entry triggers exit. OCO is just the exit pair (Take Profit + Stop Loss). The first leg of an OTOCO cannot be an OCO itself.
</Note>

### Trailing Stop Loss

A Trailing Stop Loss is a Stop Loss whose trigger moves on its own. A fixed Stop Loss stays wherever you last set it. A trailing Stop Loss follows the price up as the market climbs and holds its level when the price falls, so it only ever moves in your favour.

You do not set a stop price. You set a **stop distance** as a percentage. Jupiter tracks the highest price the token reaches after the order is activated (its peak) and keeps the trigger that distance below the peak. Each new high lifts the peak, and the trigger rises with it. When the price pulls back, the trigger stays where it is. The initial trigger is placed relative to the market price at the moment you create the order.

<img alt="Trailing Stop Loss mechanic: the trigger follows the market price up and holds when the price falls, filling once the price drops back to the trigger level" />

**Fixed vs trailing**

Consider a position entered at \$80 with a 10% stop, where the price climbs to \$120 before reversing:

| | Fixed Stop Loss | Trailing Stop Loss (10%) |
| - | - | - |
| Set at \$80 | Trigger at \$72 | Trigger at \$72 |
| Price climbs to \$120 | Still \$72 | Trails up to \$108 |
| Price reverses, you exit | Sell at \$72 | Sell at \$108 |
| Result | -10% | +35% |

A trailing stop does not capture the exact top: you give back the trail distance by design (here, \$120 less 10% leaves \$108). It turns a stop from pure loss protection into a way to hold on to gains on a move that would otherwise round-trip.

**Setting the trail distance**

The trail distance is the main lever. It is set with a slider, from **0.5% to 90%**, defaulting to **10%**.

* A **tighter** trail (closer to 0.5%) locks in nearer the high, but ordinary volatility can knock it out early.
* A **wider** trail (up to 90%) rides through short-term noise, but concedes more when the price reverses.

There is no single correct value. It depends on how much movement you are willing to sit through before the order acts.

**Slippage on a trailing stop**

Slippage is a second lever, paired with the trail. It sets a lower bound beneath the trigger for execution:

* Too tight, and a fast drop can outrun it, leaving the order unfilled.
* Too wide, and the order may fill well below where the trail meant to sell.

<Warning>
  Triggering is not the same as executing. When the stop fires, the order still runs through the usual price and slippage checks before it fills, exactly like any other Limit V2 order, so the exact fill price can differ from the trigger. The order may not fill at all if the price moves faster than execution or if liquidity is insufficient within your slippage tolerance. This is especially common on low-liquidity tokens.
</Warning>

In the form, a trailing stop appears as **Trailing Sell when \[token]**: you allocate the token to sell, choose the token to receive, and the trail follows the price of the token you are selling. That token cannot be a stablecoin, because a pegged price has no meaningful peak to trail; choosing one shows a **Trigger mint is not supported** message. You can open a trailing stop directly at [jup.ag/?tab=limit\&type=tsl](https://jup.ag/?tab=limit\&type=tsl), and the trail can track the token's USD price or its market cap.

### Fees

Limit V2 orders apply the following fees during execution:

| Fee type | Rate |
| - | - |
| Base fee (stable or pegged pairs) | 0.03% |
| Base fee (all other pairs) | 0.1% |
| Ultra routing fee | 0–0.5%, depending on token pair and execution mechanism |

Fees are deducted automatically when the order executes.

### Privacy and MEV protection

Jupiter implements several protections to reduce the risk of MEV (Maximal Extractable Value) and frontrunning on Limit V2 orders. While MEV cannot be fully eliminated on any blockchain, these measures make attacks harder and less profitable:

* **Price checks before execution**: if the price is unfavourable at execution, your order will not be filled. It remains active and attempts to execute again when the price matches your trigger.
* **Ultra routing**: includes built-in MEV protection.
* **Order privacy**: pending orders are not visible via watch-only wallets. Order details are not directly tied to the user's primary wallet onchain, making them harder to target by bots.

### Token-2022 and transfer fees

Limit Order V2 supports <Tooltip>Token-2022</Tooltip> tokens, including those that charge a transfer fee. The fee is set by the token itself, not by Jupiter, and it is taken every time the token moves:

* **Selling a token that charges a fee** — the fee applies when you deposit into the order vault, when the order sells, and when a cancellation returns your remaining tokens.
* **Buying a token that charges a fee** — the fee applies on each buy.

The review step shows the rate for each side before you confirm, and cancelling an order that holds such a token asks you to confirm, stating the rate the return transfer will cost. In the token selector, these tokens carry a **Token2022** tag.

<Warning>
  A token's creator can change its transfer fee rate at their discretion. An order placed today can therefore settle at a different rate than the one displayed when you created it, and you may receive fewer tokens than estimated.
</Warning>

One combination is refused: an **OTOCO** whose token to buy charges a transfer fee, because its exit legs would then have to sell that token. Place the entry as a plain limit order instead, and set the exits once the tokens are in your wallet. Other pairs can still be refused when the form checks them; the reason is shown inline under the form.

## Limit Order V1

<Warning>
  **Limit Order V1 is being sunset.** New V1 orders can no longer be created. Use [Limit Order V2](#limit-order-v2) instead, which supports USD price and market cap triggers, Take Profit and Stop Loss, OCO bundles, and Trailing Stop Loss.

  Existing V1 orders remain viewable on web at [jup.ag/limit](https://jup.ag/limit) (with **Show History** toggled to see Open and Past Orders) and in Jupiter Mobile.
</Warning>

<Accordion title="Limit Order V1 details (legacy)" icon="clock-rotate-left">
  **How it works**

  In Limit V1, the trigger price is based on the pool rate between the two tokens you are trading (not the token's USD price or market cap).

  When you place an order, your selling tokens are locked until the order is executed or cancelled. Jupiter continuously monitors market prices. When the trigger price is reached, a <Tooltip>keeper</Tooltip> executes the trade on your behalf, and the bought tokens (minus fees) are sent to your wallet.

  On Limit V1, the output amount is guaranteed because it follows pool pricing directly. However, the order may not execute if the market moves too quickly. Limit V1 supports partial fills.

  **Parameters**

  | Parameter | Description |
  | - | - |
  | **Token pair** | Sell side and buy side tokens |
  | **Amount** | Amount of tokens to sell |
  | **Limit price** | Target price based on pool rate between the two tokens |
  | **Expiry time** | How long the order stays active before automatic cancellation |

  On Limit V1, you cannot set orders below the current market price. Take Profit and Stop Loss are not available; both are supported on Limit V2.

  **Managing orders**

  Open and past orders can be viewed from the Limit page on [jup.ag/limit](https://jup.ag/limit) (under the **Open Orders** or **Past Orders** tabs) or from the Portfolio sidebar under **Limit → V1**. To modify an order on V1, you must cancel it and create a new one; in-place editing is only available on V2.

  **Fees**

  A flat **0.1% fee** applies to all Limit V1 orders. This fee is charged only when the order is successfully executed.

  **MEV protection**

  Limit Orders V1 include protections to reduce the risk of MEV frontrunning: price checks before execution ensure the order is still valid and fair at execution time, and automatic cancellation removes the order if the price moves beyond the acceptable range. While MEV cannot be fully eliminated on any blockchain, these measures make frontrunning more difficult and less profitable.

  **Limitations**

  Token-2022 standard tokens with transfer tax features are not supported on Limit Orders V1.
</Accordion>


# Manual Mode
Source: https://docs.jup.ag/user-docs/trade/spot/manual-mode

Full control over slippage, transaction fees, and routing on Jupiter.

## Overview

Manual Mode gives you full control over your trade settings on Jupiter. Unlike Ultra Mode, which handles everything automatically, Manual Mode lets you configure slippage, transaction fees, and routing yourself.

To switch, open the swap settings (gear icon on the swap panel) and select **Manual** in the Swap Settings dialog (the toggle shows **Ultra V3** and **Manual**).

Manual Mode does not charge any Jupiter commission. You only pay Solana network fees and, if applicable, <Tooltip>Jito</Tooltip> tips. Pricing is aggregated through **JupiterZ** and **Metis** for the best rates.

<Warning>
  Manual Mode does not include MEV (Maximal Extractable Value) protection. Transactions executed in Manual Mode fall outside Jupiter's supported execution model: as the interface warns when you switch, Manual Mode has **no refunds and no support**, and its transactions **do not count toward incentive campaigns**. If <Tooltip>MEV</Tooltip> protection is important to you, use [Ultra Mode](/user-docs/trade/spot/ultra-mode).
</Warning>

## Settings

### Max Slippage

Set the maximum slippage tolerance for your swaps: pick a preset (**0.5%** or **1%**) or enter a custom percentage. Slippage in Manual Mode is always the fixed value you set; automatic slippage estimation (RTSE) is an [Ultra Mode](/user-docs/trade/spot/ultra-mode) feature.

### Transaction Landing

Transaction Landing controls the fees attached to your transaction to get it included in a block. Two fee modes are available:

* **Max Cap** — A dynamically estimated maximum fee based on your trade size.
* **Exact Fee** — Specify an exact fee amount for your transaction.

Below the fee mode, two independent toggles choose how the transaction is sent, each with its own SOL amount:

* **Priority Fee** — Sends via a standard <Tooltip>RPC</Tooltip> with a Priority Fee to speed up block inclusion.
* **Jito Tip** — Sends via a <Tooltip>Jito</Tooltip> RPC with a Jito tip. Both toggles can be enabled at the same time to send via both methods.

<Note>
  If your transaction is processed through a standard RPC, only the Priority Fee is paid. If processed through Jito validators, both the Priority Fee and the Jito tip are paid.
</Note>

### Routing

* **Use wSOL** — Wrapped SOL (wSOL) makes frequent SOL trades faster by avoiding the need to wrap/unwrap tokens manually. When enabled, swaps to SOL deliver wSOL instead of native SOL. A wSOL balance can be turned back into native SOL at any time from the link under the swap form: see [Wrapped SOL (wSOL)](/user-docs/trade/spot/ultra-mode#wrapped-sol-wsol).
* **Routers** — Enable or disable Jupiter's routers, **Metis** and **JupiterZ** (see below). At least one router must remain enabled.
* **AMM sources** — Enable or disable individual <Tooltip>AMMs</Tooltip> (Automated Market Makers) as routing sources, out of the 100+ supported.

## JupiterZ

JupiterZ is an RFQ (Request For Quote) system that enables market makers to provide competitive quotes for top token pairs. It allows users to receive the best possible execution price available from both onchain and off-chain liquidity at the moment they wish to trade.

JupiterZ is used as a liquidity source in both Ultra Mode and Manual Mode.

## Metis

Metis is a <Tooltip>DEX</Tooltip> aggregation engine originally built by Jupiter and launched in 2023. It is a sophisticated onchain liquidity aggregator designed to find the most efficient trade route for any token pair by factoring in price, slippage, and the difference between quoted and executed prices across multiple DEXes (Decentralized Exchanges).

In 2025, Jupiter released **Metis v1.6**, which introduced more advanced route splitting and expanded support for a wider range of intermediate tokens.

Metis is now a standalone, open-source project. For more details, see the [Metis documentation](https://metis.builders/).


# Positions
Source: https://docs.jup.ag/user-docs/trade/spot/positions

Track your portfolio performance, PnL, and trading history on Jupiter Spot.

The Positions view gives you a complete overview of your Spot trading performance across all tokens. It now lives in [Jupiter Portfolio](/user-docs/manage/portfolio), under the **Spot** tab: open **Portfolio**, select your wallet, then **Spot**. The former Positions tab in the Spot interface and the old `jup.ag/watch/positions` address both point there now.

At the top, the page displays your connected wallet's address, SOL and USDC balances, and total number of tokens held. You can filter all data by time period: **1d**, **7d**, **30d**, or **All**.

## Dashboard

<CardGroup>
  <Card title="Summary">
    * **Holdings** — Total current USD value of all tokens you hold
    * **<Tooltip>Unrealised PnL</Tooltip>** — Profit or loss on tokens you still hold
    * **<Tooltip>Win Rate</Tooltip>** — Percentage of trades that were profitable
    * **<Tooltip>Realised PnL</Tooltip>** — Profit or loss from tokens already sold
    * **Total PnL** — Combined unrealised and realised profit or loss

    A **Share** button lets you export your summary as a shareable image.
  </Card>

  <Card title="Realised PnL">
    A line chart showing the trend of your realised PnL over the selected time period.

    <Accordion title="PnL Calendar">
      The PnL Calendar is a monthly calendar view of your daily trading performance, displaying up to 2 months. It shows your profit or loss for each day (green for profit, red for loss), total monthly PnL with a visual win/loss bar, and your longest and current win streaks.

      The PnL Calendar is accessible from two places:

      * The **Portfolio Spot tab** (via the PnL Calendar button in the Realised PnL panel)
      * The **trader modal** on any token page (click on a trader's address in the tabs below the chart). The modal opens on a compact PnL overview: PnL, holdings, win rate, volume, and top trades.

      You can navigate between months and toggle between USD and SOL denomination. Daily and monthly PnL cards can be exported as shareable images via the **Share** button.
    </Accordion>
  </Card>

  <Card title="Distribution">
    Visual breakdown of your positions by PnL performance: > 500%, 200%–500%, 50%–200%, 0%–50%, and \< -50%. Each range shows the count and rate (percentage of your total positions). A color-coded bar shows the overall distribution at a glance.
  </Card>
</CardGroup>

<Tip>
  Compare your Win Rate with the Distribution panel to understand your trading patterns. A high win rate with most positions in the 0%–50% range and a few large losses in the \< -50% range tells a different story than a low win rate with concentrated gains above 200%.
</Tip>

## Positions table

Below the dashboard, a detailed table lists your individual token positions. The table has four sub-tabs:

| Sub-tab | What it shows |
| - | - |
| **Recent** | Tokens you traded most recently, sorted by last trade date |
| **Holdings** | Tokens you currently hold (non-zero balance) |
| **Profitable** | Tokens sorted by highest total PnL |
| **Activity** | Full transaction history |

Each row in the table displays:

| Field | Description |
| - | - |
| **Last Traded** | Token name and time since your last trade |
| **Unrealised** | Unrealised PnL in USD and percentage |
| **Realised** | Realised PnL in USD and percentage, or "Holding" / "Sold all" status |
| **Total PnL** | Combined PnL in USD and percentage |
| **Holding** | Current token balance and its USD value |
| **Bought / Avg** | Total amount spent and average buy price |
| **Sold / Avg** | Total amount received and average sell price |
| **Position %** | Percentage of your original position still held |

You can toggle between **Price** and **USD** denomination using the controls in the top-right of the table.

<Note>
  The Positions view reflects onchain data for the selected wallet. Data updates periodically — the last update time is displayed at the top of the page.
</Note>

You can also view your position for a specific token directly from its [token page](/user-docs/trade/spot/token-page), under the My Positions tab.

***

<CardGroup>
  <Card title="Token Page" icon="chart-line" href="/user-docs/trade/spot/token-page">
    View position details for a specific token.
  </Card>

  <Card title="Watchlist" icon="star" href="/user-docs/trade/spot/watchlist">
    Save tokens and track them with curated news.
  </Card>
</CardGroup>


# Pulse
Source: https://docs.jup.ag/user-docs/trade/spot/pulse

Pulse is Jupiter Spot's at-a-glance market overview — a macro market summary, spotlight tokens, featured token lists, and category dominance.

<Note>
  Pulse is in **Beta**. Its layout and data are still evolving, so the interface may change.
</Note>

Pulse is the at-a-glance market overview in Jupiter Spot. It surfaces what's moving right now — a short macro summary, spotlight tokens, popular and trending tokens, what notable wallets are buying, and how different sectors are performing — so you can scan the market before diving into a token.

## Market Pulse

Market Pulse is an AI-generated snapshot of the market: a short macro summary with its timestamp, followed by **Spotlight**, a row of notable tokens with their price change.

<Note>
  Market Pulse is AI-generated and may contain inaccuracies. It is not financial advice — always do your own research.
</Note>

## Popular

Below Market Pulse, Pulse surfaces the **Popular** list — tokens reflecting recent interest across Jupiter — with a **View all** link to the full [Popular tab in Discover](/user-docs/trade/spot/discover#discovery-tabs).

## Featured token lists

Pulse also highlights tokens across a few curated cards:

| Card | What it shows |
| - | - |
| **Trending** | Tokens most bought in the past 24 hours with positive momentum |
| **Stocks** | Listed stocks with underlying price, market cap, and 24h change, each linking to its [stock page](/user-docs/trade/spot/stock-page) |
| **SmartMoney Buys** | Tokens that tracked smart-money wallets are buying, with the number of traders and total buy size |

Each card links through to the relevant [Discover](/user-docs/trade/spot/discover) tab or to [SmartMoney](/user-docs/trade/spot/smart-money) for the full list.

## Market Dominance

The Market Dominance treemap shows how value and performance are distributed across token categories — such as **Stocks**, **Memes**, **DeFi**, and **Infra**. Each tile represents a token within its category, sized by relative weight and colour-coded by price change (red for negative, green for positive), with a timestamp for the snapshot.

***

<CardGroup>
  <Card title="Discover" icon="magnifying-glass" href="/user-docs/trade/spot/discover">
    Curated feeds, screeners, and filters to find tokens.
  </Card>

  <Card title="SmartMoney" icon="eye" href="/user-docs/trade/spot/smart-money">
    See what notable and profitable wallets are trading.
  </Card>
</CardGroup>


# DCA Orders
Source: https://docs.jup.ag/user-docs/trade/spot/recurring-orders

Automatically spread your purchases over time using dollar-cost averaging.

DCA (Dollar-Cost Averaging) orders let you automatically spread your purchases over time. Instead of buying a token all at once, you split a total amount into multiple smaller trades (suborders) that execute at regular intervals.

<Note>
  This feature was previously labelled **Recurring** on the web interface; it now appears as **DCA** across the swap form, token pages, orders, and Activity. Jupiter Mobile still labels it **Recurring**.
</Note>

Your selling tokens are held in a program-owned vault (a secure onchain account that holds your tokens while the order is active), and suborders execute according to your specifications. Purchased tokens are automatically sent to your wallet after each successful suborder.

<Warning>
  The vault address is not a deposit address. Never send tokens to it directly: tokens sent straight to a vault address are not credited to any order and can only be recovered through a support ticket, which is not guaranteed. The same applies to tokens a project sends to that address on its own, such as holder rewards or airdrops paid to the holders of a token locked in an order: they land in the vault, not in your wallet, and recovering them also goes through support.
</Warning>

If the token charges a Token-2022 transfer fee, the order review shows a transfer-fee warning, and cancelling such an order asks for a confirmation first.

Jupiter currently offers two versions: **DCA V1** (formerly Recurring V1) and **DCA V2**.

<Warning>
  **DCA V1 (formerly Recurring V1) is being sunset.** New V1 orders can no longer be created. We recommend using [DCA V2](#dca-v2) for all new orders.
</Warning>

## V1 vs V2

| | DCA V1 | DCA V2 |
| - | - | - |
| **Execution mode** | Time-based only | Time-based or price conditional |
| **Price range** | Not supported | Optional USD price range on trigger token |
| **Fees** | 0.1% flat | Ultra routing fee (0–0.5%) + base fee (0.03–0.1% depending on pair category) |
| **Vault authentication** | Not required | Wallet signature required to place or view orders |
| **Order history** | Limited | Full history with status updates per suborder |
| **Expiry** | Runs until all suborders are filled or cancelled | Runs until all suborders are filled or cancelled (no expiry) |

## DCA V2

### How It Works

<Steps>
  <Step title="Authenticate">
    Sign a message or transaction to authorize your DCA <Tooltip>vault</Tooltip>. This is a one-time step per wallet address, required before placing or viewing orders: your authorisation is remembered across wallet switches, page refreshes, and browser tabs, until you disconnect your wallet. If the wallet's signature prompt stalls, the form shows a timeout message and offers signing by transaction instead. See [Vault access](/user-docs/trade/spot/limit-orders#vault-access) for what this signature grants and how to revoke it.
  </Step>

  <Step title="Deposit">
    Your selling tokens (e.g. USDC) are transferred to the vault.
  </Step>

  <Step title="First suborder">
    Your first suborder executes immediately.
  </Step>

  <Step title="Remaining suborders">
    Remaining suborders follow at your selected frequency. Each suborder executes with a random variance of ±30 seconds to reduce MEV (Maximal Extractable Value) exposure.
  </Step>

  <Step title="Token delivery">
    Purchased tokens are automatically sent to your wallet after each successful suborder.
  </Step>
</Steps>

**Example:** *If you allocate 900 USDC into SOL over 3 suborders with a daily frequency, 300 USDC suborders execute on Day 1 (immediately), Day 2 (\~24h later), and Day 3.*

#### Pricing

The price for each suborder is calculated at the time of execution based on current market conditions. Slippage is managed automatically per execution: Jupiter sets an acceptable slippage for each suborder from live market conditions, so you receive a minimum acceptable amount of tokens. There is no per-order slippage setting to configure. If the price moves beyond the acceptable slippage, the suborder is reverted to protect your funds and retried at the next interval.

#### Automatic retry

If a suborder fails (due to insufficient liquidity, network congestion, or other reasons), the program automatically retries at the next scheduled interval.

#### Token delivery

After each successful suborder, purchased tokens are automatically transferred to your wallet. This requires you to have the correct ATA (Associated Token Account) for that token.

<Warning>
  If you manually close your token's ATA during an active DCA order, new tokens will remain in the vault instead of transferring to your wallet. All accumulated tokens will be sent as a lump sum when the order completes.
</Warning>

### Parameters

When setting up a DCA order on V2, you can specify:

* **Token pair** — Token to allocate (sell side) and token to purchase (buy side)
* **Amount** — Total amount to allocate
* **Frequency** — Interval between suborders (e.g. every minute, hour, day, week)
* **Total suborders** — Number of suborders to split the allocation into

<Note>
  The minimum is $10 USD per suborder. The total minimum allocation scales with the number of suborders (e.g. 2 suborders = $20 minimum, 5 suborders = \$50 minimum).
</Note>

#### USD Price Range (Optional)

You can optionally set a USD price range on a trigger token. When a price range is set, suborders only execute when the trigger token's price is within your specified min and max. If the price is outside the range at the scheduled time, the suborder is marked as **Out of Range** and rescheduled to the next interval.

Rescheduling continues indefinitely until the price enters the range and the suborder fills successfully. The next suborder is then queued one interval after the successful fill.

<Note>
  Price range is not available for stable-to-stable pairs. For non-stable to stable pairs, the price range is automatically set on the non-stable token.
</Note>

### Earn Yield While You DCA

DCA V2 orders funded with a supported stablecoin can opt in to earn Jupiter Lend yield on the capital waiting to be filled.

* **Supported input tokens**: USDC, USDT, and JupUSD. The Earn option is hidden for other input tokens.
* **Time-based orders only**: the option is disabled when a USD price range is set on the order.
* **Variable rate**: the form shows the current estimated APY (Annual Percentage Yield) for the selected token. The rate updates automatically with market conditions and is not guaranteed.

When Earn is enabled, your deposit is converted into the token's JL equivalent (the Jupiter Lend receipt token, e.g. jlUSDC) and held in the order vault, where it accrues lending yield. Before each scheduled fill, one instalment is converted back into the stablecoin and used for the swap. Accrued yield is returned to you when the order completes or is cancelled; if the remaining yield is very small, it is folded into the final fill. Conversions between the stablecoin and its JL equivalent carry no fee.

Orders with Earn enabled show a **Yield Earned** (USD) row. For short-lived orders the amount is typically very small: the feature is most relevant for orders spread over longer periods.

<Warning>
  While the order is active, the idle capital is held as a Jupiter Lend position rather than the stablecoin itself. This carries the additional risks of the lending protocol on top of the stablecoin's own risks. Yield is variable and not guaranteed.
</Warning>

### Fees

DCA V2 applies the same fee structure as Limit Order V2:

**Base fee:**

* 0.03% for stable or pegged pairs
* 0.1% for all other pairs

**Ultra routing fee:**

* 0–0.5%, depending on the token pair and execution mechanism used

Fees are deducted automatically when each suborder executes.

### Managing Orders

Active and past DCA orders can be viewed from the DCA page on [jup.ag/recurring](https://jup.ag/recurring) or from the Portfolio drawer under **Activity → DCA**. The drawer only shows V2 orders.

Orders can be cancelled from either location. When cancelling, remaining funds are returned to your wallet.

<Note>
  Pausing and resuming DCA orders is not currently supported. To stop, you must cancel the order and create a new one.
</Note>

### MEV Protection

MEV (Maximal Extractable Value) refers to strategies like frontrunning and sandwich attacks where bots exploit pending transactions. Jupiter has built-in protections against MEV on DCA orders:

* **Randomized timing** — Suborders execute with ±30 second random variance from their scheduled time.
* **Pre-execution price checks** — Ensures fair pricing before completion.
* **Automatic cancellation for unfavorable prices** — Protects you from bad trades.
* **Natural protection through dollar-cost averaging** — Smaller trades over time reduce manipulation risk.

<Note>
  These protections reduce the risk of MEV but do not eliminate it entirely. MEV cannot be fully prevented on any blockchain.
</Note>

### Limitations

**Token-2022 supported, with transfer fees applied**\
DCA V2 accepts Token-2022 tokens, including those that charge a transfer fee. The fee belongs to the token, not to Jupiter: it is taken on the deposit, on each fill, and when a cancellation returns your remaining tokens. The review dialog shows the rate before you confirm, and a creator can change that rate later. See [Token-2022 and transfer fees](/user-docs/trade/spot/limit-orders#token-2022-and-transfer-fees).

**No pause/resume**\
You cannot pause a DCA order. To stop, cancel and create a new one.

## DCA V1 (Legacy)

<Warning>
  **DCA V1 (formerly Recurring V1) is being sunset.** New V1 orders can no longer be created. Use [DCA V2](#dca-v2) instead, which supports advanced features including optional USD price ranges, dynamic fees, and full order history.

  Existing V1 orders remain viewable on the web at [jup.ag/recurring](https://jup.ag/recurring) via the **Legacy** toggle, and in Jupiter Mobile.
</Warning>

### How It Works

<Steps>
  <Step title="Deposit">
    Your selling tokens (e.g. USDC) are transferred to a secure vault.
  </Step>

  <Step title="First suborder">
    Your first suborder executes immediately.
  </Step>

  <Step title="Remaining suborders">
    Remaining suborders follow at your selected intervals. Each suborder executes with a random variance of ±30 seconds to reduce MEV exposure.
  </Step>

  <Step title="Token delivery">
    Purchased tokens are automatically sent to your wallet after each successful suborder.
  </Step>
</Steps>

#### Pricing

The price for each suborder is calculated at the time of execution based on current market conditions. Slippage is managed automatically per execution; there is no per-order slippage setting. If the price moves beyond the acceptable slippage, the transaction is reverted.

#### Automatic retry

If a suborder fails, the program automatically retries at the next scheduled interval.

#### Token delivery

After each successful suborder, purchased tokens are automatically transferred to your wallet. This requires you to have the correct ATA (Associated Token Account) for that token.

<Warning>
  If you manually close your token's ATA during an active DCA order, new tokens will remain in the vault instead of transferring to your wallet. All accumulated tokens will be sent as a lump sum when the order completes.
</Warning>

### Parameters

When setting up a DCA order on V1, you can customize:

* **Token pair** — Token to allocate (sell side) and token to purchase (buy side)
* **Amount** — Total amount to allocate
* **Frequency** — Interval between suborders (e.g. daily, weekly) and duration

<Note>
  The minimum order amount on V1 is $100, spread over at least 2 suborders ($50 per suborder).
</Note>

### Order Lifecycle

When your DCA order completes:

* If your token's ATA is open, all remaining tokens are transferred to your wallet.
* If you closed your ATA mid-cycle, the program will use part of the rent to reopen your token account so tokens can be transferred.
* By default, 2/3 of the rent from your DCA account is returned to you. The remaining 1/3 is recoverable if you later close your ATA.

<Danger>
  Never close your ATA before withdrawing or swapping your tokens, as this could result in token loss. This is a standard limitation of Solana tokens.
</Danger>

### Fees

Jupiter charges a **flat 0.1% fee** on all DCA V1 orders.

### Managing Orders

V1 orders are viewable on the web at [jup.ag/recurring](https://jup.ag/recurring) via the **Legacy** toggle next to the Limit and DCA selector. They no longer appear in the Portfolio drawer, which only shows V2 orders.

Orders can be cancelled from either location. When cancelling, remaining funds are returned to your wallet.

<Note>
  Pausing and resuming DCA orders is not currently supported. To stop, you must cancel the order and create a new one.
</Note>

### MEV Protection

* **Randomized timing** — Suborders execute with ±30 second random variance.
* **Pre-execution price checks** — Ensures fair pricing before completion.
* **Automatic cancellation for unfavorable prices** — Protects you from bad trades.
* **Natural protection through dollar-cost averaging** — Smaller trades over time reduce manipulation risk.

<Note>
  These protections reduce the risk of MEV but do not eliminate it entirely. MEV cannot be fully prevented on any blockchain.
</Note>

### Limitations

* **Token-2022 not supported** — Token-2022 standard tokens and tokens with transfer tax features are not supported.
* **No pause/resume** — You cannot pause a DCA order. To stop, cancel and create a new one.
* **Minimum amount** — \$100 minimum, spread over at least 2 suborders.
* **Price-based orders discontinued** — As of August 31st 2025, price-based orders (formerly known as VA) have been phased out. Active orders at the time of discontinuation were automatically cancelled and all funds returned to wallets.


# Risks and Limitations
Source: https://docs.jup.ag/user-docs/trade/spot/risks-and-limitations

Key risks and limitations to understand when trading on Jupiter Spot.

Jupiter Spot surfaces a wide range of tokens and market data, and lets you trade them directly. This page describes the risks involved. Read it carefully before trading.

## Trading risks

<AccordionGroup>
  <Accordion title="Slippage">
    Slippage is the difference between the price you expect and the price you actually get when the trade executes, because market conditions can change between submitting a trade and it landing onchain. In [Ultra Mode](/user-docs/trade/spot/ultra-mode), slippage is managed automatically via RTSE (Real-Time Slippage Estimator). In [Manual Mode](/user-docs/trade/spot/manual-mode), you set your own tolerance — too low increases the chance of failed trades, too high exposes you to worse prices.
  </Accordion>

  <Accordion title="Price impact">
    Price impact occurs when your trade size is large relative to the available liquidity in a pool — the larger your trade compared to the pool, the more the price moves against you. Jupiter displays the estimated price impact before you confirm; routing across multiple pools helps reduce it. The displayed price impact includes Ultra fees and, for gasless trades, the gasless surcharge.
  </Accordion>

  <Accordion title="MEV (Maximal Extractable Value)">
    MEV refers to strategies like front-running and sandwich attacks where bots exploit pending transactions. [Ultra Mode](/user-docs/trade/spot/ultra-mode) includes built-in MEV protection through private transaction submission, which significantly reduces the risk but does not eliminate it — MEV cannot be fully prevented on any blockchain. [Manual Mode](/user-docs/trade/spot/manual-mode) does not include MEV protection.
  </Accordion>

  <Accordion title="Gasless trade costs">
    When using [Ultra Gasless Support](/user-docs/trade/spot/ultra-mode#gasless-trading), Jupiter pays the gas on your behalf and recovers the same value from your trade output; there is no extra fee, but the fixed gas cost weighs more on small trades and can reach 10% of the trade at the eligibility limit. Gasless is a last-resort mechanism for users who cannot pay gas themselves; paying your own gas generally results in better execution. This does not apply to swaps routed through JupiterZ, where the market maker covers the gas.
  </Accordion>
</AccordionGroup>

## Token risks

Spot displays tokens as soon as they are tradeable onchain, including tokens that are:

* **Newly launched** — very short history, limited liquidity, and unpredictable price behavior
* **Unverified** — not reviewed through [Jupiter's verification process](/user-docs/launch/vrfd). Unverified does not necessarily mean malicious, but no review has been performed.
* **On a bonding curve** — not yet migrated to a standard liquidity pool (see below); limited liquidity and high price impact per trade.

Because token creation on Solana is permissionless, anyone can create a token with any name or ticker — including fake tokens designed to impersonate legitimate projects. **Always verify the contract address before trading.** Jupiter reduces this risk through verification, activity-based ranking, and filtering of known fake tokens, but these protections do not eliminate it.

<Warning>
  Spot indicators — such as holder count, liquidity, organic score, and verification status — are **informational tools, not guarantees of safety**. A token can display favorable metrics and still carry significant risk. Always conduct your own research before trading.
</Warning>

<Accordion title="What is a bonding curve?">
  Some tokens launch through a bonding curve mechanism (used by launchpads like Pump.fun and others). In this model, the token's price is determined by a mathematical curve rather than by a traditional liquidity pool.

  The **bonding curve percentage** shown on Spot represents how much of the curve has been filled. Once the curve reaches 100%, the token typically migrates to a standard <Tooltip>AMM</Tooltip> liquidity pool (e.g., on Raydium or Meteora).

  Before migration, liquidity is limited to what the bonding curve provides, and price impact on trades can be significantly higher than on established pools.
</Accordion>

### Developer authority risks

Some tokens have active developer controls that allow the token creator to take actions that affect all holders:

* **Mint Authority** — if enabled, the developer can create additional tokens at any time, potentially diluting existing holders
* **Freeze Authority** — if enabled, the developer can freeze any token account, preventing the holder from transferring or selling

Spot displays these indicators on token pages. Check them before trading.

### Liquidity removal (rug pulls)

Token creators can remove all liquidity from a pool at any time, making the token untradable and effectively worthless — commonly called a "rug pull." If liquidity falls below Jupiter's minimum requirements, the market is delisted from routing (see [How tokens are listed and routed](/user-docs/trade/spot/token-page#how-tokens-are-listed-and-routed)).

### Jupiter Shield

Jupiter Shield flags potential risks in the trade widget when detected. Examples of warnings include:

| Warning | Meaning |
| - | - |
| **Not Verified** | The token is not verified — check the mint address before trading. |
| **Low Organic Activity** | The token has low natural trading activity. |
| **New Listing** | The token was recently listed. |
| **Has Freeze Authority** | The authority owner can freeze your token account. |
| **Has Mint Authority** | The authority owner can mint additional tokens. |

Jupiter continuously improves this system to increase accuracy and add new risk indicators over time.

## Liquidity and price impact

Tokens displayed on Spot vary widely in liquidity. Low-liquidity tokens carry additional risks:

* **High price impact** — your trade itself can move the price significantly
* **Slippage** — the difference between the quoted price and the executed price may be large
* **Difficulty exiting** — selling a large position may not be possible at the expected price, or at all, if liquidity is insufficient

## Wallet tracking and copy trading risks

[SmartMoney](/user-docs/trade/spot/smart-money) lets you follow other wallets and monitor their trades in real time. If you use this information to replicate another wallet's trades:

* **Past performance of any wallet does not predict future results**
* You are executing trades from your own wallet, at your own price — market conditions may have changed between the tracked wallet's trade and yours
* Tracked wallets may have different risk tolerance, time horizons, or information than you
* There is no guarantee that a wallet showing profitable trades is not engaged in manipulative behavior

<Warning>
  Following a wallet and replicating its trades is entirely at your own risk. Jupiter does not endorse, verify, or audit any wallet shown in SmartMoney.
</Warning>

## Product-specific risks

### Limit Orders

<AccordionGroup>
  <Accordion title="Stop Loss is not guaranteed to execute">
    When the trigger is reached, the order is submitted for execution with your slippage tolerance applied. If the price drops past your Stop Loss trigger by more than your set slippage tolerance, the order will not execute. See [Take Profit and Stop Loss](/user-docs/trade/spot/limit-orders#take-profit-and-stop-loss).
  </Accordion>

  <Accordion title="Output amount not guaranteed on V2">
    Limit Order V2 prioritizes execution with minimal slippage when the trigger is hit, but the exact output amount may differ from the estimate shown at order creation.
  </Accordion>

  <Accordion title="Partial fills">
    Orders may execute partially if liquidity is insufficient. The remaining amount stays active until fully filled, cancelled, or expired.
  </Accordion>

  <Accordion title="Token-2022 transfer fees">
    Limit Order V2 supports Token-2022 tokens, including those that charge a transfer fee. The fee is set by the token, not by Jupiter, and applies on the deposit, on the sell, on each buy, and when a cancellation returns your tokens. The rate is shown before you confirm, but a creator can change it afterwards, so an order can settle at a different rate than the one displayed. Limit Order V1 does not support these tokens. See [Token-2022 and transfer fees](/user-docs/trade/spot/limit-orders#token-2022-and-transfer-fees).
  </Accordion>
</AccordionGroup>

### DCA Orders (Recurring)

<AccordionGroup>
  <Accordion title="Failed suborders">
    Individual suborders can fail due to insufficient liquidity, excessive slippage, or network congestion. Failed suborders automatically retry at the next scheduled interval.
  </Accordion>

  <Accordion title="ATA closure risk">
    If you manually close your token's Associated Token Account (ATA) during an active DCA order, purchased tokens will remain in the vault instead of being transferred to your wallet. Never close your ATA before withdrawing or swapping your tokens.
  </Accordion>

  <Accordion title="Token-2022 transfer fees">
    Same behaviour as Limit Orders — DCA V2 accepts these tokens and the token's own transfer fee applies on the deposit, on each fill, and on cancellation. DCA V1 does not support them.
  </Accordion>

  <Accordion title="No pause/resume">
    You cannot pause a DCA order. To stop, you must cancel and create a new one.
  </Accordion>
</AccordionGroup>

## Environment risks

<Accordion title="Browser extensions">
  Some browser extensions modify Jupiter's quote responses or inject additional referral fees, resulting in higher-than-expected fees on your trades. These extensions operate independently of Jupiter. If you notice unexpected fees, disable third-party extensions and restart your browser. See the [FAQ](/user-docs/trade/spot/faq#why-am-i-paying-more-fees-on-jupiter-than-expected) for known extensions and detailed steps. [Jupiter Wallet](/user-docs/manage/extension-wallet/security#transaction-protection) filters transfers to known malicious addresses injected this way.
</Accordion>

## General limitations

* Spot displays data from onchain sources. This data can be delayed, incomplete, or manipulated.
* Token metadata (name, symbol, description, social links) is provided by the token creator and is not verified by Jupiter unless the token has been through the [verification process](/user-docs/launch/vrfd).
* AI-generated insights (produced by Jupiter's Intel service) are automated summaries. They may contain inaccuracies and should not be treated as financial advice.
* Jupiter does not provide financial advice. Nothing displayed on Spot constitutes a recommendation to buy, sell, or hold any token.

***

<CardGroup>
  <Card title="Fees" icon="coins" href="/user-docs/trade/spot/fees">
    Understand the fee structure on Spot.
  </Card>

  <Card title="Token Page" icon="chart-line" href="/user-docs/trade/spot/token-page">
    Safety indicators and token data explained.
  </Card>
</CardGroup>


# SmartMoney
Source: https://docs.jup.ag/user-docs/trade/spot/smart-money

See what notable and profitable wallets are trading on Jupiter Spot — leaderboards, a live trade feed, and followed wallets.

SmartMoney surfaces what notable and profitable wallets are doing on Solana. It is accessible from the **SmartMoney** tab in the Spot interface, and brings together three things: a live feed of notable trades, leaderboards of top traders, and a **Wallet Tracker** for following specific addresses.

## Live Trades

A real-time strip at the top of SmartMoney shows notable trades as they happen. Each entry shows whether it was a **Buy** or **Sell**, the token traded, how many tracked traders were involved, the total size in USD, and how long ago it executed.

## Leaderboards

The main SmartMoney view ranks traders into four categories. Use the **1d / 7d / 30d** selector to change the ranking period. The ⓘ icon next to the category tabs shows these definitions in the app.

| Category | Who it ranks |
| - | - |
| **Influencers** | Wallets associated with well-known crypto personalities on X (rows show the @handle) |
| **Smart** | Wallets with a strong track record of consistent, profitable trading ("smart money") |
| **Top PnL** | Wallets with the highest recent PnL over the selected period |
| **Whales** | Wallets that regularly make large trades |

Each row shows:

| Column | Description |
| - | - |
| **#** | Rank within the leaderboard |
| **Trader** | Avatar, name, and linked @handle where available |
| **PnL** | Profit and loss over the selected period |
| **Win Rate** | Percentage of the wallet's trades that were profitable over the selected period |
| **Volume** | Trading volume over the selected period |
| **Active** | How recently the wallet last traded |
| **Actions** | Follow the wallet (heart icon) to add it to your Wallet Tracker |

## Wallet Tracker

The **Wallet Tracker** (open it with the **Wallet Tracker ↗** button) lets you follow specific wallets and monitor their trading activity in real time.

If you are not following any wallets yet, the Tracker suggests top wallets to follow (top influencer wallets by daily PnL, with win rate and volume): follow one directly from the suggestion cards or open the leaderboard. The suggestions stay visible below your list after you start following wallets.

### Adding a wallet

<Steps>
  <Step title="Enter a wallet address">
    In the Wallet Tracker, enter a wallet address manually or import a list of wallets.
  </Step>

  <Step title="Find a wallet from a token page">
    Alternatively, navigate to any [token page](/user-docs/trade/spot/token-page) and open the **Transactions** table. Click on a trader's address to view their PnL analysis. From there, you can choose to follow that wallet. You can also follow any wallet directly from the leaderboards using the heart icon.
  </Step>

  <Step title="Follow the wallet">
    Click the **Follow** action. Once followed, the wallet's future trades appear in your live feed and as markers on token charts.

    You can also give the wallet a label. Labels are independent from following: labeling a wallet identifies it across the interface, but does not follow it and does not by itself add trades, markers, or notifications.
  </Step>
</Steps>

### Labels, emojis, and avatars

Each wallet has an avatar you can personalise with an emoji. Labels and emojis are edited together in a single **wallet details** dialog, opened from the Tracker, the trader modal, or the trader drawer on a token page; the dialog also shows the full wallet address with a copy action. Labels are kept when you unfollow a wallet, and emojis are kept when you remove a label. The avatar identifies the wallet across the Tracker, the live feed, and chart trade markers.

### Removing a wallet

To unfollow a wallet, click **Follow** again — there is no separate remove action.

### Alerts

Following a wallet includes its trade feed and its trade markers on charts. The markers can be hidden for all followed wallets at once from the chart's **Display Options** dropdown (**Followed Wallet Trades**); there is no per-wallet toggle. On token charts, repeated trades from the same wallet are grouped by side and candle, with a count badge and aggregated details. **Sound alerts** (audio notifications when a followed wallet trades) remain a separate per-wallet control.

The followed-wallet feed also includes a Quick Buy button, allowing you to buy the same token directly from the feed.

<Warning>
  SmartMoney is an observation tool. Following a wallet and replicating its trades is entirely at your own risk. Past activity of a followed wallet does not predict future results. Jupiter does not endorse, verify, or audit any wallet shown. See [Risks and Limitations](/user-docs/trade/spot/risks-and-limitations).
</Warning>

***

<CardGroup>
  <Card title="Token Page" icon="chart-line" href="/user-docs/trade/spot/token-page">
    Find wallets to follow from the Transactions table.
  </Card>

  <Card title="Positions" icon="chart-pie" href="/user-docs/trade/spot/positions">
    Your full portfolio and PnL dashboard.
  </Card>
</CardGroup>


# Stock Pages on Jupiter
Source: https://docs.jup.ag/user-docs/trade/spot/stock-page

Every stock available as a tokenized version on Jupiter has a stock page: underlying price and chart, stock stats, the issuers you can trade it from, and related prediction markets.

Every stock that is available as a tokenized version on Jupiter has a dedicated stock page. It shows the **underlying listed stock** — its price, chart, and fundamentals — and lists the tokenized versions you can trade, one per issuer.

You reach a stock page by clicking a row in the [Stocks screener](/user-docs/trade/spot/discover#stocks-screener) (**Stocks** in Jupiter's left navigation), from the **View Stock** link on a tokenized stock's [token page](/user-docs/trade/spot/token-page#tokenized-stock-fields), or directly at `jup.ag/stocks/<ticker>` (for example `jup.ag/stocks/nvda`).

<Note>
  A stock page describes the listed company and its share. It is not a token page: the price, chart, and stats are those of the underlying stock, not of any issuer's token. To trade, pick an issuer under **Trade** — this opens that issuer's token page, where the on-chain price, liquidity, and swap panel live.
</Note>

## Header

| Element | Description |
| - | - |
| **Company and ticker** | Name of the listed company and its exchange ticker. The breadcrumb (**Spot › Stocks › ticker**) takes you back to the screener. |
| **Issuers** | Number of issuers offering a tokenized version of this stock. Click it to see them (same table as **Trade**). |
| **Market status** | Current session of the listed market (for example **Pre-market**). Click it to see the session times (overnight, pre-market, regular hours, after hours) and when regular hours next open. These are the sessions of the traditional market, not the trading hours of the tokenized versions, which can trade outside them (see [Trading hours](/user-docs/trade/spot/tokenized-stocks#trading-hours)); liquidity is usually deepest during regular hours. |
| **Trade** | The button labelled with the ticker (for example **Trade NVDA**) opens the issuer table to pick which tokenized version to buy (see below). |
| ☆ | Adds the stock to your [Watchlist](/user-docs/trade/spot/watchlist). |

## Choosing an issuer

The **Trade** button and the issuers count open a table with one row per issuer:

| Column | Description |
| - | - |
| **Issuer** | Issuer of the tokenized version (for example xStocks, Ondo). One issuer may carry a **Popular** badge. |
| **Liquidity** | Available on-chain liquidity for that token. Tokens fulfilled via Request-for-Quote show **RFQ** instead of a value — see [RFQ liquidity](/user-docs/trade/spot/discover#rfq-liquidity). |
| **Price** | Last traded price of that token on Solana. It can differ from the underlying price, and between issuers. |
| **Buy** | Opens the issuer's [token page](/user-docs/trade/spot/token-page) with the swap panel ready. |

Each issuer mints its own token, with its own backing, redemption terms, trading hours, and eligibility rules. See [Tokenized Stocks](/user-docs/trade/spot/tokenized-stocks) before choosing.

## Underlying price and chart

The large price is the **underlying price** — the latest price of the listed share in USD, with its change since the previous market close. The chart plots the underlying stock over **24H**, **7D**, **30D**, or **90D**, using market-hours data.

## Stock stats

| Field | Description |
| - | - |
| **Market cap** | Total market value of the listed company |
| **Previous close** / **Open** | Last regular-session close and today's opening price |
| **Day's range** / **52-week range** | Low–high of the current session and of the last 52 weeks |
| **Volume** / **Avg volume** | Number of shares traded today and on an average day |
| **P/E ratio** | Price-to-earnings ratio |

**Show more** reveals **EPS**, **Dividend yield**, **Beta**, and **Next earnings**.

## About

A description of the company, followed by **Ticker**, **Asset class** (for example Equity), **Tokenized by** (number of issuers), **Sector**, **Industry**, **Employees**, and **Website**.

Below it, a short **FAQ** specific to the stock covers what its tokenized version is, why the token price can differ from the listed share, who issues it, when it trades, how to buy it, and how dividends are handled.

## Related stocks and prediction markets

* **Related stocks** — other stocks available on Jupiter, with price and 24h change, each linking to its own stock page.
* **Related prediction markets** — [Predict](/user-docs/trade/predict/index) markets about this stock's price or company events, with current odds and total volume. **Show more** opens the market on Predict.

***

<CardGroup>
  <Card title="Discover — Stocks" icon="magnifying-glass" href="/user-docs/trade/spot/discover#stocks-screener">
    Listed and tokenized stock screeners.
  </Card>

  <Card title="Tokenized Stocks" icon="building-columns" href="/user-docs/trade/spot/tokenized-stocks">
    How tokenized stocks work, issuers, and risks.
  </Card>

  <Card title="Token Page" icon="chart-line" href="/user-docs/trade/spot/token-page">
    On-chain data and trading tools for each issuer's token.
  </Card>
</CardGroup>


# Token Pages on Jupiter
Source: https://docs.jup.ag/user-docs/trade/spot/token-page

Every tradeable Solana token has a Jupiter token page: live market data, charts, safety indicators, community metrics, and trading tools in one place.

Every tradeable token on Jupiter Spot has a dedicated token page. This page aggregates market data, safety indicators, charts, community metrics, and trading tools in one place.

You can access a token page by clicking on any token in a [discovery tab](/user-docs/trade/spot/discover), or by navigating directly to `jup.ag/tokens/<token_address>`.

## Page Layouts

Desktop token pages come in two layouts, switched with the chevron on the left edge of the chart:

* **Standard view** (default) — market data in a bar across the top, with the chart taking the main area.
* **Three-column view** — a dedicated left column for market data, stats, and token info, with the chart in the middle.

In both layouts, Quick Swap sits on the right side of the page. A separate control, the screen icon in the token header, switches between the **Normal chart view** and the **Wide chart view**: the wide view hides the trading panel so the chart spans the full width of the page. Your choices are saved for your next visit; new visitors start in Standard view with the normal chart.

## Market data

Each token page displays the following market data:

| Field | Description |
| - | - |
| **Price** | Current token price, with 24-hour change |
| <Tooltip>MC</Tooltip> | Total value of all circulating tokens (price × circulating supply). Hover it to see the circulating supply |
| <Tooltip>FDV</Tooltip> | Theoretical value if all tokens (including non-circulating) were in circulation |
| **Liquidity** | Available liquidity for this token (see Liquidity section below) |
| **Holders** | Number of unique wallets currently holding the token |
| **Fees Paid** | Total fees paid in relation to this token |
| **Org Score** | Organic Score — see [Organic Score](/user-docs/trade/spot/discover#organic-score) |
| **Price Performance** | Price change over 5-minute, 1-hour, 6-hour, and 24-hour periods |

### Growth metrics

Below the price performance, the token page displays percentage changes over recent periods for three key metrics:

* **Vol %Δ** — volume change
* **Liquidity %Δ** — liquidity change
* **Holders %Δ** — holder count change

These help identify whether a token's activity is growing or declining.

### Tokenized stock fields

Token pages of tokenized stocks add a **View Stock** link under the token name, which opens the underlying stock's [stock page](/user-docs/trade/spot/stock-page), and three fields comparing the token with the listed share:

| Field | Description |
| - | - |
| **Mark Price** | Price of the underlying asset (the listed share). **Price** remains the last traded price of the token on Solana |
| **Discount** | Percentage difference between the token's price on Solana and the mark price |
| <Tooltip>UMC</Tooltip> | Market cap of the underlying asset, as opposed to **MC**, the on-chain market cap of the token |

Tokens whose liquidity is provided on demand show **RFQ** in the Liquidity field — see [RFQ liquidity](/user-docs/trade/spot/discover#rfq-liquidity).

## Trading activity

| Field | Description |
| - | - |
| **24h Volume** | Total trading volume in the last 24 hours |
| **Net Volume** | Buy volume minus sell volume over 24 hours |
| **Buy/Sell %** | Proportion of buy vs sell trades over 24 hours |
| **24h Traders** | Number of unique wallets that traded the token in 24 hours |
| **Net Buyers** | Number of buyers minus number of sellers over 24 hours |
| **Net Buy Trend** | Directional trend of net buying activity over 24 hours |

## Token information

| Field | Description |
| - | - |
| **Token Name & CA** | Token name and its onchain contract address |
| **DA (Developer Address)** | The wallet address that deployed the token contract |
| **Token Age** | Time since the token was created onchain |
| **Social Links** | Website, X (Twitter), Telegram, and other links if provided by the token creator |
| **Verification badge** | A green **Verified** badge next to the ticker when the token has been through [Jupiter's verification process](/user-docs/launch/vrfd); otherwise a **Not Verified** entry appears in the token's JupShield warnings chip |

<Note>
  Social links and token descriptions are provided by the token creator. Jupiter does not verify this information unless the token has been through the VRFD process.
</Note>

### Header shortcuts

Next to the contract address, the token header carries small icons:

* **Launchpad or issuer icon** — opens the token on its launchpad or issuer site, when it has a page there.
* **Holder rewards** — shown on tokens that fund rewards for their holders with a transfer fee. See [Holder rewards](#holder-rewards).
* **Token Insights** — Jupiter's AI summary of the project, with the date of its last update. It is the same summary as in the [About section](#about-section).
* **Search** — click the magnifier to search X for the ticker or the contract address. Hover it for more: **X Search for Address**, **X Search for Dev Address**, **X Search for Name**, **TikTok Search for Name**, **Google Search for Name**, **Jupiter Search for Name**, and **Open in Explorer**.

## Liquidity

The liquidity value displayed on a token page is calculated by aggregating liquidity from the **quote side** of trading pairs with a curated set of established bluechip tokens (e.g. SOL, JUP, JLP, jitoSOL, TRUMP, USDC, USDT).

This list is maintained by Jupiter and may change over time.

A token's own liquidity is only included in the calculation if Jupiter considers it an established asset — typically tokens with high market cap and deep liquidity.

## Safety indicators

Token pages display several indicators that help evaluate the token's risk profile. These are informational — they do not guarantee safety.

| Indicator | What it means |
| - | - |
| **Mint Authority** | Whether the token creator can mint (create) additional tokens. If enabled, supply can increase at any time. |
| **Freeze Authority** | Whether the token creator can freeze token accounts. If enabled, a holder's tokens can be made non-transferable. |
| **Top 10 Holders %** | Percentage of total supply held by the top 10 wallets. High concentration may indicate risk. |
| **Dev Holding %** | Percentage of supply held by the developer wallet. |
| **Dev Bought / Dev Sold (DB / DS)** | Markers on the chart showing when the developer wallet bought or sold the token. The developer wallet is identified as the wallet that deployed the token contract. |
| **Dev Migrations** (crown icon) | Launchpad tokens only. How many tokens from the same developer wallet have bonded, that is, completed their bonding curve and migrated to a liquidity pool. The crown turns yellow above one. Hover it for the developer's record: **Bonded** (with its share of all tokens created), **Created**, **Created (7d)**, **SOL Balance**, and their **Top Token**. The full list is in the [Dev Tokens](#dev-tokens) tab. |
| **Snipers Holding %** | Percentage of supply held by snipers — wallets that bought the token early, within the first three blocks after launch. |
| **Insiders Holding %** | Percentage of supply held by insiders — wallets that bought within the first block after launch, or received the token from another insider. Insider status propagates through transfers: if a first-block buyer sends tokens to another wallet, that recipient also becomes an insider. A green check is shown if insiders hold less than 5%. |
| **Pro Traders %** | Percentage of the token supply held by pro traders. Pro traders are wallets identified as users of professional trading platforms (e.g. Axiom, GMGN, and similar tools). |
| **Dex Paid** | Whether the token creator has paid for a DEX listing or promotion. This is an informational flag — it does not indicate quality or legitimacy. |
| **Bonding Curve %** | How far the token is along its bonding curve before migration. See [Risks and Limitations](/user-docs/trade/spot/risks-and-limitations) for details. |

<Warning>
  These indicators help assess a token but do not guarantee it is safe. A token can have no mint authority, no freeze authority, and a distributed holder base and still lose value or be part of a manipulative scheme. Always do your own research.
</Warning>

If a token is flagged as impersonating another token, its token page shows a persistent warning banner with a link to the legitimate asset.

A weaker caution exists for token icons: when another token uses a visually similar icon, the icon carries a small caution badge with a tooltip. This is informational only. It does not indicate which token used the icon first, and it is not a scam verdict. Verified tokens are not flagged, nor are recognised issuer-backed assets (for example tokenized stocks that legitimately share the underlying company's branding); the caution badge only appears on unverified tokens reusing an icon.

## Holder rewards

Some launchpads attach a holder rewards program to the tokens they launch. These tokens use the Token-2022 standard and charge a transfer fee: a percentage taken each time the token moves, on buys, sells and plain transfers. The launchpad collects the fees, converts them into the asset the token is paired with, and distributes them to eligible holders.

On Jupiter, such a token shows a **Holder rewards** icon next to its contract address, on its token page and in token lists, and a JupShield warning with the fee rate (for example "3% transfer fee"). Both open the same details: the rate, how the launchpad uses the fees, and a link to the launchpad's own explanation of its rewards. The icon currently appears on tokens launched on StonkFun.

What it means when you trade such a token:

* **You pay the fee too.** It is taken on your buy, on your sell and on any transfer, on top of the usual swap costs, so every movement delivers less than the amount before the fee.
* **Jupiter does not run the program.** Eligibility, timing and amounts are decided by the launchpad, and Jupiter does not track or pay the rewards. Rewards are not guaranteed: the launchpad can delay or stop distributions.
* **The rate can change.** A token's creator can change its transfer fee rate at any time.
* **Orders work, with the fee on each movement.** Limit and DCA orders accept these tokens; see [Token-2022 and transfer fees](/user-docs/trade/spot/limit-orders#token-2022-and-transfer-fees).

## About section

Below the trading activity data, the token page includes an **About** section with:

* **Token description** — provided by the token creator
* **Token Summary** — an AI-generated summary of the token project, produced by Jupiter's Intel service. The summary shows the date of its last update, with thumbs-up / thumbs-down buttons to rate it.
* **Latest News** — an AI-generated summary of recent news for the token, shown separately from the token description, with its age displayed as relative time, thumbs-up / thumbs-down buttons, and a **More** link opening the full news feed (see [Token News](#token-news))

<Note>
  The token description is provided by the token creator and is not verified by Jupiter. The Token Summary is AI-generated and may contain inaccuracies. Neither constitutes financial advice.
</Note>

## Community metrics

| Field | Description |
| - | - |
| **CT Likes** | Total number of verified X (formerly Twitter) users who have liked the token on Jupiter. "CT" stands for Crypto Twitter. |
| **Smart Likes** | Likes from a curated whitelist of relevant, active Crypto Twitter accounts. |

## Charts

Token pages include interactive charts powered by TradingView.

Available chart controls:

* **Price or Market Cap** display toggle
* **Chart quote** — chart the token against the active **Market pair**, or independently against **USD**, **SOL**, or **another token** of your choice. Chart drawings are saved per base/quote pair.
* **Technical indicators** — volume, spread, moving averages, and others
* **Display Options** — a dropdown in the chart toolbar. **Markers** toggles each kind of marker drawn on the candles: **Your Trades**, **Dev Trades**, **Followed Wallet Trades**, **Migration Marker**, and **News**. When the chart is quoted in USD, SOL, or market cap, the dropdown also has **Lines** (Avg Entry, Avg Exit, Trigger Buy, Trigger Sell, with a colour reset) and the Top 100 holder lines.
* **Chart settings** — the gear icon at the right of the chart toolbar opens the chart's own settings, in four tabs: **Symbol** (candle colours, price precision, timezone), **Status line**, **Scales and lines** (price scale modes and labels, date and time format), and **Canvas** (background, grid, crosshair, watermark, margins). The font size of the price and time scales is under **Canvas › Scales › Text**. These settings are saved in your browser with the chart. In a mobile browser the toolbar scrolls sideways (use the arrow at its right edge to reach the gear), and the dialog opens as a list — tap **Canvas**, then scroll to **Scales › Text**; the back arrow returns to the list.
* **Drawing tools** — trend lines and the other drawing tools sit in a toolbar on the left edge of the chart, collapsed by default. Click the small handle halfway down the left edge of the chart to open it. The second button from the top, Trend line tools, holds Trend Line, Ray, Info Line, Extended Line, Trend Angle, Horizontal Line, Horizontal Ray, Vertical Line and Cross Line, plus Parallel Channel and Regression Trend; the other buttons cover Fibonacci tools, patterns, brushes, text, shapes, the measure tool, zoom and the magnet. Pick a tool, then click on the chart to place its points. The toolbar also has buttons to hide, lock or remove all drawings, and the arrow at its right edge collapses it again.
* **Full screen and snapshot** — the last two icons of the chart toolbar open the chart in full screen, and **Take a snapshot** saves it as an image, with **Download image** or **Copy image**.
* **Resetting the chart** — right-click an empty area of the chart and choose **Reset chart view** (⌥R on Mac, Alt+R on Windows) to undo zooming and scrolling and return to the latest candles; the entry appears once the view has been moved. The same menu has **Remove indicators** and **Remove drawings**. To put colours, scales and the other chart settings back to their defaults, open the chart settings with the gear icon and choose **Apply defaults** from the **Template** menu at the bottom left of the dialog (shown as **•••** on a narrow window). The icon at the bottom of the price scale opens the scale's own menu, where **Auto (fits data to screen)** re-fits the price scale after you have dragged it.

<Note>
  **Reading very short timeframes.** Charts go down to 1-second, 15-second, and 30-second candles. On these, the current candle is built live from the trades as they arrive, and a single candle often holds only a handful of them: one large trade, or a swap routed through a thin pool, is enough to print a spike or a step that a 1-minute or 5-minute candle absorbs. Charts quoted against a market pair or another token refresh about every 60 seconds and start at 1 minute; if a gap appears in that history, the chart reloads itself. When a short-timeframe chart looks erratic, switch to a longer interval before judging the trend.
</Note>

<Note>
  Market Cap view is always denominated in USD, and the chart shown for Limit and DCA orders stays in USD so order lines remain on the correct scale. Candles for arbitrary token pairs refresh about every 60 seconds and support intervals of 1 minute and above. Charts open on an **Auto** range and interval that adapts to the token's age; once you pick a range or interval manually, your choice is kept for later visits.
</Note>

### Price history

Each token also has a daily USD price history page at `jup.ag/tokens/<token_address>/price-history`, with monthly archives, a link for each date, a CSV export, and a link back to the trading page. Unfinished UTC days are excluded, and dates without a valid observation are shown as unavailable.

### Token News

Token news is built directly into the chart. Posts are aggregated automatically by AI from X (formerly Twitter) based on their relevance to the token — they are **not** limited to accounts verified by Jupiter, and a post appearing on the chart does not mean Jupiter has checked its author or its content.

* **News markers on the chart** — aggregated posts appear as markers on the chart, next to the price action at the time they were published. Click a marker to read the post (author, timestamp, content, and engagement metrics). To hide them, open **Display Options** above the chart and uncheck **News**; the News button and drawer stay available.
* **Price impact** — each post includes a measured price move since publication (e.g. "+0.8% within \~1h, no unusual move"), so you can see how the market reacted to the news.
* **News drawer** — the **News** button above the chart (or **View token news** on any marker) opens a dedicated drawer with the token's full news feed, topped by a **Recent Happenings** AI summary that shows when it was last updated and lists the sources it used. On screens narrower than 640px the toolbar hides the News button; open the drawer from a marker instead.
* **News summary** — an AI-generated Latest News summary is displayed in the [About section](#about-section).
* **Feedback** — every post and every AI summary carries thumbs-up / thumbs-down buttons. A thumbs-down (**Not helpful**) opens a short dialogue asking what is wrong: pick at least one reason among **Scam**, **Incorrect**, **Wrong token**, and **Other** (a comment is optional, except with Other where it is required), then **Submit**; the vote is only recorded on submission, and **Close** discards it. Tap a lit thumb again to withdraw your vote.

<Warning>
  News is AI-aggregated, including on verified tokens. Scammers post fake announcements from lookalike accounts, and such a post can appear on the chart alongside the project's real posts. Before acting on a post, open it on X, check that the account handle is the one listed in the token's official links, and never claim, connect your wallet, or send funds through a link found in a news post.
</Warning>

<Note>
  News is AI-aggregated and may contain errors: as the drawer's ⓘ tooltip says, always verify the content and its sources. Neither the posts nor the summaries constitute financial advice.
</Note>

### Display Options

The **Display Options** menu lets you toggle overlays on the chart:

**Markers**

* **Your Trades** — markers showing your own buy and sell transactions
* **Dev Trades** — DB (Dev Bought) and DS (Dev Sold) markers
* **Tracked Wallet Trades** — trades from wallets you follow via [SmartMoney](/user-docs/trade/spot/smart-money)
* **Migration Marker** — marks when a token migrated from a bonding curve to a liquidity pool

**Lines**

* **Avg Entry / Avg Exit** — your personal average entry and exit price lines
* **Trigger Buy / Trigger Sell** — trigger prices of your open limit orders on this token, buys and sells separately. Which orders qualify is explained in [Orders on the chart](/user-docs/trade/spot/limit-orders#orders-on-the-chart)

**Top 100 Holder Lines**

* **Avg Entry / Avg Exit** — average entry and exit price lines for the top 100 holders of the token

The Top 100 holder averages are also displayed in a summary bar below the chart, showing the average entry price, average exit price, and the percentage difference from the current price for each.

## Quick Swap

Quick Swap is available on the right side of the token page. It allows you to buy or sell the token without leaving the page.

<Steps>
  <Step title="Select the order type">
    Choose between **Market**, **Limit**, or **DCA**. See [Limit Orders](/user-docs/trade/spot/limit-orders) and [Recurring Orders](/user-docs/trade/spot/recurring-orders) for how those order types work. Picking a different token in any of these forms navigates the token page to that token while keeping the counter token selected.
  </Step>

  <Step title="Enter the amount">
    Enter the amount you want to buy or sell.
  </Step>

  <Step title="Execute the swap">
    Click the swap button to execute. Quick Swap uses your current execution settings (Ultra mode by default, or your manual Trade Presets).
  </Step>
</Steps>

In **Trench mode** on desktop, the Quick Swap panel includes configurable preset buttons with predefined amounts for quick buy and sell actions. You can customise these preset amounts directly in the Quick Swap window.

Below the swap panel, a **Token Info** section displays a compact summary of the token's safety indicators (Top 10 Holders %, Dev Holding %, Snipers Holding %, Freeze/Mint Authority, Dex Paid, Pro Traders %, Insiders Holding %, CA, and DA).

## Tabs below the chart

Below the chart, several tabs provide detailed data about the token's activity and your own interaction with it.

### Transactions

The Transactions tab shows a live feed of trades for this token. Each row displays the trade date/age, type (Buy/Sell), price, token amount, volume in USD, and the trader's wallet address. The live view keeps the most recent 30 trades, backed by a sliding window of about 1,000 rows: paginate in either direction to load older history, and use **Back to latest** (or **Back to top**) to return to the live feed. Date and sort controls stay available while you browse history.

You can filter transactions using four sub-tabs:

| Sub-tab | What it shows |
| - | - |
| **All** | All transactions for this token |
| **You** | Only your own transactions |
| **Dev** | Transactions from the developer wallet |
| **Tracked** | Transactions from wallets you follow via [SmartMoney](/user-docs/trade/spot/smart-money) |

You can follow a wallet directly from this table by clicking on a trader's address. For full details, see the [SmartMoney page](/user-docs/trade/spot/smart-money).

For launchpad tokens, you can additionally filter the table by **Sniper**, **Insider**, and **Bundler** to isolate these wallet types. This filter is currently available for launchpad tokens only.

<Accordion title="Sniper, Insider, and Bundler wallet types">
  * **Sniper** — a wallet that bought the token early, within the first three blocks after launch.
  * **Insider** — a wallet that bought within the first block after launch, or received the token from another insider. Insider status propagates through transfers: if a first-block buyer sends tokens to another wallet, that recipient also becomes an insider.
  * **Bundler** — a wallet that took part in a bundle: a coordinated cluster of transactions in a single block, all trading the same token.
</Accordion>

### My Positions

Shows your current position and PnL for this specific token, including Average Entry and Average Exit, Bought value, Unrealised PnL, Realised PnL, Total PnL, Balance, and Position %. For a full overview of all your positions across tokens, see the [Positions page](/user-docs/trade/spot/positions).

### My Orders

Shows your open and past orders for this specific token (Limit and DCA, with a Legacy toggle for V1 orders). You can view and manage your orders directly from the token page.

### Holders

Displays the token's holder list with the total number of holders and the Top 10 holders percentage. Each row shows detailed data per holder:

| Column | Description |
| - | - |
| **Address** | Wallet address (truncated) |
| **Remaining** | Percentage of the total supply still held, with USD value |
| **Bought** | Total USD value bought, number of tokens bought, and number of buy transactions |
| **Sold** | Total USD value sold, number of tokens sold, and number of sell transactions |
| **Avg Entry / Avg Exit** | The trader's average entry and exit on this token, in price or market cap terms following your Price/MC preference |
| **Unrealized** | Unrealized PnL in USD |
| **PnL** | Total PnL (unrealized + realized) in USD |
| **SOL Balance / Last Active** | Current SOL balance of the wallet, and the time of its last position trade on this token. Selling tokens that were transferred in (without an active position) does not count as activity. |
| **Funding / Amount** | Funding source wallet and amount |

You can filter holders using three sub-tabs: **All**, **Dev** (developer wallet only), and **Tracked** (wallets you follow via [SmartMoney](/user-docs/trade/spot/smart-money)).

For launchpad tokens, you can additionally filter holders by **Sniper**, **Insider**, and **Bundler** (see the wallet type definitions under the Transactions section). This filter is currently available for launchpad tokens only.

### Top Traders

Displays the top traders for this token. The column layout is the same as the Holders tab, except that the **Unrealized** column is replaced by **Realized** (realized PnL in USD); **PnL** remains the total. Like Holders, this tab supports the same **All**, **Dev**, and **Tracked** sub-tabs, and may not display data if the number of top traders exceeds the display threshold.

### Dev Tokens

Shows all other tokens launched by the same developer wallet, with the total count displayed in the tab header. This can help you evaluate the developer's track record — for example, whether they have launched and abandoned multiple tokens.

## How tokens are listed and routed

Jupiter is permissionless — there is no manual listing process. Any Solana token with a valid liquidity pool on a [supported AMM](https://lite-api.jup.ag/swap/v1/program-id-to-label) is automatically available to trade. Because anyone can create a token, always verify the contract address before trading. Jupiter reduces the risk of trading the wrong token by ranking tokens by activity when you search, distinguishing community-verified tokens from unverified ones, and filtering airdropped fake tokens where possible.

### Liquidity requirements

For a token to be routable, its market must meet minimum liquidity requirements. There are two types of listing:

<Tabs>
  <Tab title="Instant Routing">
    New markets on certain DEXes are listed automatically and receive a grace period during which liquidity is not checked. After the grace period, standard requirements apply. Bonding curves that don't meet requirements after the grace period are removed until they graduate to a new market.
  </Tab>

  <Tab title="Normal Routing">
    The default for all markets: each market's liquidity is checked every 30 minutes, and markets that fall below requirements are removed.
  </Tab>
</Tabs>

A market must meet at least one of these criteria:

* \*\*Less than 30% price difference on $500** — buying $500 of the token and immediately selling it back should lose less than 30%. Calculated as ($500 − final USD value) / $500.
* **Less than 20% price impact on market** — if the first test fails, Jupiter compares the token price when buying $1,000 worth versus $500 worth; if the difference exceeds 20%, the market is considered too illiquid.

<Note>
  Jupiter Ultra can revive and route through delisted markets based on demand, which helps when previously inactive tokens regain organic attention.
</Note>

### Supported AMMs

Jupiter routes through nearly all major AMMs on Solana — including Meteora DLMM, Raydium, SolFi, and many others — and adds new integrations over time. View the full list of [integrated AMMs](https://lite-api.jup.ag/swap/v1/program-id-to-label).

<Tip>
  To integrate your AMM with Jupiter, see the [DEX Integration Guide](https://developers.jup.ag/docs/swap/routing/amm/integration#integration-prerequisites).
</Tip>

***

<CardGroup>
  <Card title="SmartMoney" icon="eye" href="/user-docs/trade/spot/smart-money">
    Follow wallets and monitor their trades.
  </Card>

  <Card title="Positions" icon="chart-pie" href="/user-docs/trade/spot/positions">
    Your full portfolio and PnL dashboard.
  </Card>

  <Card title="Watchlist" icon="star" href="/user-docs/trade/spot/watchlist">
    Save tokens and track them with curated news.
  </Card>
</CardGroup>


# Tokenized Stocks
Source: https://docs.jup.ag/user-docs/trade/spot/tokenized-stocks

Trading tokenized equities on Jupiter Spot — how they work, issuers, trading hours, and risks.

Tokenized stocks are onchain tokens that represent traditional equities (e.g. TSLAx, SPYx). You can buy and sell them on Jupiter Spot like any other Solana token. Browse them from **Stocks** in Jupiter's left navigation, which opens the [Stocks screener](/user-docs/trade/spot/discover#stocks-screener) ([jup.ag/spot/stocks](https://jup.ag/spot/stocks)). Each stock has a [stock page](/user-docs/trade/spot/stock-page) listing the issuers you can buy it from, and each issuer's token has its own [token page](/user-docs/trade/spot/token-page#tokenized-stock-fields).

## How tokenized stocks work

Tokenized stocks are issued by **third parties**, not by Jupiter. Jupiter curates the list of available tokenized stocks and routes trades through all available liquidity sources for best execution — there is no special partnership or custom integration; routing works the same as for any other token.

<Warning>
  Jupiter does not issue, back, or guarantee any tokenized stock. What the token represents — its backing, redemption rights, and structure — **varies by issuer**. Review the issuer's terms before trading. See [Redemption rights](#redemption-rights) and [Risks and Limitations](/user-docs/trade/spot/risks-and-limitations).
</Warning>

## One stock, several tokens

The same stock can be tokenized by several issuers (for example NVDA by xStocks and Ondo). Each issuer's token is a separate asset with its own on-chain price, liquidity, and terms. Jupiter groups them under the stock's [stock page](/user-docs/trade/spot/stock-page), where the **Trade** table shows the issuers side by side so you can compare before you pick one.

## Issuers and availability

Tokenized stocks on Jupiter come from several issuers. By trading volume, the largest are typically **Backpack** and **xStocks**, followed by **Ondo** and **PreStocks**, plus **Tessera** (pre-IPO exposure) and **Shift** (leveraged and inverse tokens).

| Issuer | Notes |
| - | - |
| [**Backpack**](https://learn.backpack.exchange/articles/access-us-securities-onchain) | Among the highest-volume issuers. Tokens backed 1:1 by shares held at Backpack Securities. |
| [**xStocks**](https://docs.xstocks.fi/) | Among the highest-volume issuers. Issued by Backed Assets (JE) Limited. |
| [**Ondo**](https://ondo.finance/ondo-stocks) | 24/7 on some tokens, 24/5 on the rest, with RFQ liquidity (see below). |
| [**PreStocks**](https://prestocks.com/) | Tokenized exposure to pre-IPO companies, backed by SPV exposure to the underlying shares. |
| [**Tessera**](https://jup.ag/spot/screener/tessera) | Tokenized exposure to pre-IPO companies (for example SpaceX, OpenAI, Kalshi). |
| [**Shift**](https://www.shiftrwa.xyz/) | Leveraged and inverse (2x / 3x) tokens on stocks and ETFs, with RFQ liquidity (see below). |

<Note>
  The issuer list and relative volumes change over time.
</Note>

## Redemption rights

Redeeming means converting the token back into the value of the underlying stock. Whether and how that is possible depends entirely on the issuer, not on Jupiter.

In practice:

* **Selling on the market is the usual exit.** You can sell a tokenized stock on Jupiter at any time there is liquidity, like any other token. This is how most holders realize value.
* **Direct redemption goes through the issuer.** Each issuer runs its own primary process, typically requiring an account or KYC onboarding with the issuer, jurisdiction-based eligibility, and minimum amounts or settlement delays. Some products (for example pre-IPO exposure tokens) may not offer redemption into the underlying shares at all.

The official and current redemption terms are the issuer's, and only theirs:

| Issuer | Official terms |
| - | - |
| Backpack | [Accessing U.S. securities onchain](https://learn.backpack.exchange/articles/access-us-securities-onchain) |
| xStocks | [xStocks documentation](https://docs.xstocks.fi/) |
| Ondo | [Ondo Stocks](https://ondo.finance/ondo-stocks) |
| PreStocks | [prestocks.com](https://prestocks.com/) |
| Tessera | Issuer terms |
| Shift | [shiftrwa.xyz](https://www.shiftrwa.xyz/) |

<Warning>
  Redemption rights are contractual rights against the issuer, not against Jupiter. If an issuer's process is unavailable to you (jurisdiction, KYC, minimums), selling on the market is your only exit.
</Warning>

## Trading hours

Most tokenized stocks are tradeable **24/7**. Some issuers differ:

* **Ondo (Ondo Stocks)** — some tokens now trade **24/7**: Ondo enabled around-the-clock minting and redemption for its most-traded assets (initially SPYon, QQQon, NVDAon, TSLAon, GOOGLon, and CRCLon, with more to follow). The remaining Ondo tokens stay on a **24/5** schedule, generally available from Sunday 8pm ET until Friday 8pm ET, and may have additional trading pauses, shown in the UI. The Ondo Stocks secondary market is powered by a just-in-time (JIT) liquidity mechanism: liquidity is provided on demand through a **Request-for-Quote (RFQ)** mechanism rather than sitting in a standard AMM pool, so liquidity may be significantly lower outside traditional U.S. market hours, leading to wider spreads and higher price impact. Ondo Stocks are currently only tradeable against **USDC**: switch the Buy/Sell side to USDC to trade them.

The market-status chip on [stock pages](/user-docs/trade/spot/stock-page) (pre-market, regular hours, after hours) shows the sessions of the **traditional market**, not the trading hours of the tokenized versions: it tells you when the underlying market is open, which is when liquidity is usually deepest.

## KYC and eligibility

Some issuers require identity verification (KYC) or restrict eligibility by jurisdiction, in particular for direct redemption. Trading on Jupiter itself does not require KYC, but check the issuer's terms before buying.

## Risks

<Danger>
  * Tokenized stocks are **not** the same as traditional stocks. They are onchain tokens issued by third parties.
  * Check the regulations in your jurisdiction around investing in stocks.
  * Tokenized stocks often trade at a **premium** compared to their traditional counterparts.
  * Dividend treatment depends on the issuer: a dividend paid on the listed share does not guarantee a payment to token holders. Check the issuer's policy (for example [xStocks](https://docs.xstocks.fi/docs/dividends-and-stock-splits) or [Ondo](https://docs.ondo.finance/ondo-stocks/corporate-actions)).
  * Backing, redemption rights, and structure vary by issuer — review the issuer's terms.
  * Do your own research before investing.
</Danger>

***

<CardGroup>
  <Card title="Discover — Stocks" icon="magnifying-glass" href="/user-docs/trade/spot/discover#stocks-screener">
    Browse and filter all available tokenized stocks.
  </Card>

  <Card title="Stock Page" icon="chart-simple" href="/user-docs/trade/spot/stock-page">
    Underlying stock data and the issuers you can trade it from.
  </Card>

  <Card title="Risks and Limitations" icon="triangle-exclamation" href="/user-docs/trade/spot/risks-and-limitations">
    Understand the risks before trading.
  </Card>
</CardGroup>


# Ultra Mode
Source: https://docs.jup.ag/user-docs/trade/spot/ultra-mode

Jupiter's default trading mode with optimized routing, MEV protection, and gasless support.

## Overview

Jupiter Ultra is the default trading mode on [jup.ag](https://jup.ag/), shown as **Ultra V3** in the Swap Settings dialog. It is designed to optimize every swap for transaction success rate and execution price, while handling trade settings automatically.

Ultra Mode combines multiple systems to achieve this:

* **Juno Liquidity Engine** — Aggregates across all leading AMMs (Automated Market Makers) on Solana, as well as third-party liquidity sources like DFlow, Hashflow, and OKX, in addition to Jupiter's own routers: Metis and JupiterZ. Juno includes self-learning capabilities that detect and sideline low-quality liquidity sources over time.
* **Smart Transaction Landing (Beam)** — Fine-tunes every transaction in real time for faster and more reliable confirmations, while offering private, MEV-resistant (Maximal Extractable Value) execution.
* **Real-Time Slippage Estimation (RTSE)** — Automatically calculates optimal slippage tolerance by analyzing current market conditions, monitoring price impact and volatility, and adjusting settings to balance trade success and price protection. See [How RTSE works](#how-rtse-works) below.
* **Gasless support** — Automatically offers gasless trades for qualifying transactions. See [Gasless Trading](#gasless-trading) below.

## Key Features

<CardGroup>
  <Card title="Meta-aggregation">
    Aggregates across leading AMMs and third-party liquidity sources (Metis, JupiterZ, DFlow, Hashflow, OKX, and others) to find the optimal route and execution price.
  </Card>

  <Card title="Predictive Execution">
    Forecasts potential slippage and prioritizes the most reliable routes for the best real-world results.
  </Card>

  <Card title="Private Execution (Beam)">
    Ultra's in-house transaction landing engine provides faster confirmations and built-in MEV protection.
  </Card>

  <Card title="Ultra Signaling">
    Allows Prop AMMs to quote tighter spreads (up to 50% better) for non-toxic flow, improving pricing for Ultra users.
  </Card>

  <Card title="RTSE">
    Automatically adjusts slippage settings based on current volatility and liquidity conditions.
  </Card>

  <Card title="Lowest Fees">
    0–0.5% depending on pair volatility.
  </Card>
</CardGroup>

## Pricing

Jupiter Ultra finds the best price by checking all available liquidity pools across leading AMMs and aggregators on Solana. Prices update every second to keep quotes fresh and accurate.

## How RTSE Works

RTSE (Real-Time Slippage Estimator) sets your slippage tolerance automatically for each swap. The goal is to find the lowest slippage that still allows your trade to land successfully.

The calculated slippage depends on several factors:

* **Token category** — Stable pairs and major tokens use lower slippage. Newly listed or volatile tokens use higher slippage.
* **Recent volatility** — If a token's price has moved significantly in the last few minutes, RTSE applies a larger buffer.
* **Liquidity depth** — Trades that touch shallow liquidity pools require more slippage to execute reliably.
* **Network conditions** — During congestion, RTSE accounts for the extra time between quote and execution.

This means slippage values can vary between swaps on the same pair. A value like 0.73% is normal for most non-stable swaps and reflects current market conditions, not a problem with the trade.

<Note>
  RTSE is designed to maximize success while protecting you from bad executions. If you want to set slippage manually, use [Manual Mode](/user-docs/trade/spot/manual-mode).
</Note>

## Fees

Ultra Mode fees depend on the token pair and market conditions:

| Pair Type | Fee |
| - | - |
| SOL / Stable → JUP / JLP / jupSOL | 0% |
| LST ↔ LST or Stable ↔ Stable | 0% |
| Jupiter Lend deposits and redemptions (e.g. USDC ↔ jlUSDC) | 0% |
| SOL ↔ Stable | 0.02% |
| LST ↔ Stable | 0.05% |
| All other swaps | 0.1% |
| Buying / Selling new tokens (within 24h of token age) | 0.5% |

<Warning>
  **Fees are different on Jupiter Mobile.** Swaps placed natively in the Jupiter Mobile app follow a separate Mobile fee schedule, not the Ultra fees above. See [Jupiter Mobile fees](/user-docs/global/mobile/fees).
</Warning>

<Tip>
  LST stands for Liquid Staking Token (e.g. jupSOL, jitoSOL). These are tokens that represent staked SOL while remaining tradable.
</Tip>

Gasless trades via Ultra Gasless Support carry no extra fee: the SOL Jupiter pays for gas is recovered by increasing the swap fee by the equivalent value. See [Gasless Trading](#gasless-trading) below.

## Gasless Trading

Jupiter Ultra offers two gasless mechanisms that allow users to swap without holding SOL for transaction fees.

<Tabs>
  <Tab title="Ultra Gasless Support">
    Gasless is invoked as a last resort when you cannot fulfill gas requirements on your own. It activates automatically when all of the following conditions are met:

    * You have less than 0.01 SOL in your wallet.
    * Your total trade size meets the minimum threshold (approximately \$10, may vary).
    * The token on the sell side of the trade is verified by Jupiter.

    When activated, Jupiter pays the gas on your behalf (signature fees, priority fees, rent). The USD value of the SOL spent is calculated and deducted from your swap amount as an equivalent in the fee token. There is no separate gasless fee: the increase equals the gas paid. Since it is based on a fixed SOL cost and not on trade size, larger trades see a lower percentage impact. Gasless is only available when this amount stays within 10% of the trade, which is why a minimum trade size applies.

    <Note>
      Gasless is designed primarily for onboarding (e.g. creating a new wallet and swapping USDC without needing to acquire SOL first). Standard swaps where you pay your own gas will generally result in better execution.
    </Note>
  </Tab>

  <Tab title="JupiterZ (RFQ) Gasless">
    JupiterZ is Jupiter's RFQ (Request For Quote) engine. When a swap is routed through JupiterZ, the market maker pays the network fee and priority fee. This is gasless by default for all JupiterZ-routed swaps, with no minimum trade size and no additional cost to the user.

    However, JupiterZ does not cover Associated Token Account (ATA) rent. If you don't have the required ATA and don't have enough SOL to cover the rent, JupiterZ will not be routed.
  </Tab>
</Tabs>

### Supported tokens

All major verified tokens with high liquidity (such as USDC, Fartcoin, Bonk, and other popular tokens) are supported for gasless trades. Not all tokens qualify, but support is actively expanding.

### V1 transactions

The swap form has a **Use V1 transactions** switch, on by default. V1 is Solana's newer transaction format, with more room for swap instructions, so it can change the routes available and the estimated output. Wallet support varies: when the connected wallet cannot sign V1 transactions the switch is disabled and the swap uses the earlier V0 format. If a wallet has trouble signing, turn the switch off to use V0. Your choice is remembered in the browser.

### Wrapped SOL (wSOL)

Wrapped SOL (wSOL) is the SPL-token form of SOL, at mint `So11111111111111111111111111111111111111112`. Native SOL and wSOL are treated as separate assets in the Solana ecosystem: wSOL can be traded like any other token, but it cannot be used to pay transaction fees.

You normally never need to handle wSOL yourself. Jupiter wraps and unwraps automatically during a swap, and swaps to SOL deliver native SOL. wSOL is only needed for some external protocols that require the token form.

**To receive wSOL instead of native SOL:** open the swap settings (gear icon), select **Manual**, and enable **Use wSOL** under **Routing**. Swaps to SOL then deliver wSOL to your wallet and are not unwrapped. Manual Mode's caveats apply (no MEV protection, no refunds or support): see [Manual Mode](/user-docs/trade/spot/manual-mode).

**To turn wSOL back into native SOL:** as soon as Jupiter detects a wSOL balance in your connected wallet, a line appears under the swap form reading *"You have \[amount] wrapped SOL that you can unwrap"*, with **unwrap** as a link. Click it and approve the transaction: the whole wSOL balance is converted back to native SOL. The line shows on the swap form and on a token page's trade panel, whether or not **Use wSOL** is enabled, and disappears once the balance reaches zero. The same control appears in [Jupiter Lend](/user-docs/earn/lend) when you reduce leverage on a position whose borrowed token is SOL.

<Note>
  Unwrapping is a one-click action, but wrapping is not: jup.ag has no equivalent Wrap control. To obtain wSOL, use the **Use wSOL** setting above.
</Note>

<Warning>
  wSOL has no separate entry in the token selector: the canonical mint shows as **SOL**. Any other token named "Wrapped SOL" or "wSOL" in search results is an unrelated token, usually a scam. Do not buy it.
</Warning>

<Note>
  Ultra Mode handles all trade settings (slippage, fees, routing) automatically. If you want full control over these settings, use [Manual Mode](/user-docs/trade/spot/manual-mode).
</Note>


# Watchlist
Source: https://docs.jup.ag/user-docs/trade/spot/watchlist

Monitor your favorite tokens with market data and curated news on Jupiter Spot.

The Watchlist lets you save tokens you want to monitor and view their key metrics at a glance. It is accessible from the **Watchlist** tab in the Spot interface.

You can keep multiple watchlists. A **Default** list is created for you; click **Add list** to create additional named lists and switch between them.

<Warning>
  Watchlists are stored locally in your browser. Clearing your browser cache, using a different browser, or switching device will reset your watchlist. There is currently no server-side sync. See the [FAQ](/user-docs/trade/spot/faq#why-is-my-watchlist-getting-reset) for details.
</Warning>

## Token list

Your watchlisted tokens are displayed in a table with the following columns:

| Field | Description |
| - | - |
| **Token** | Token name, age, verification status, and quick-access icons (explorer, search, social links) |
| **Price / %Δ** | Current price and percentage change |
| <Tooltip>MC / FDV</Tooltip> | Market cap and fully diluted valuation |
| **24h Vol / Net** | 24-hour trading volume and net volume (buy volume minus sell volume) |
| **Liquidity** | Available liquidity |
| **Holders / %Δ** | Number of holders and percentage change |
| **Buy** | Quick Buy button to purchase the token directly from the watchlist |

You can filter the time period for percentage changes: **5m**, **1h**, **6h**, or **24h**.

### Managing your watchlist

<Steps>
  <Step title="Add a token">
    Click **+ Add** in the top-right of the Watchlist, or click the ☆ icon on any token throughout Spot.
  </Step>

  <Step title="Edit or reorder">
    Click **Edit** to reorder or remove individual tokens from your list.
  </Step>

  <Step title="Clear all">
    Click **Clear** to remove all tokens from your watchlist at once.
  </Step>
</Steps>

Quick Buy is available directly from the watchlist. Set your Quick Buy amount in the top-right, then click the ⚡ icon next to any token.

### Settings

You can customize how the watchlist displays tokens:

* **Metric to display** — Price or Market Cap
* **Sorting order** — Date added or Custom order
* **Preferences** — show token icon, show price change %

## Verified Tweets

The right panel of the Watchlist page displays **Verified Tweets** — a curated feed of posts from verified accounts on X (formerly Twitter) related to your watchlisted tokens and the broader Solana ecosystem.

The panel includes:

* **News Summary** — an AI-generated summary of recent news relevant to your watchlisted tokens, with the date of the last update
* **Tweet feed** — individual posts from verified accounts, showing the author, timestamp, content, and engagement metrics (replies, likes)

<Note>
  Verified Tweets are sourced from accounts verified by Jupiter. The News Summary is AI-generated and may contain inaccuracies. Neither constitutes financial advice.
</Note>

***

<CardGroup>
  <Card title="Token Page" icon="chart-line" href="/user-docs/trade/spot/token-page">
    Full data and analysis for any token.
  </Card>

  <Card title="Positions" icon="chart-pie" href="/user-docs/trade/spot/positions">
    Your full portfolio and PnL dashboard.
  </Card>
</CardGroup>