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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.

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The Borrow page

Open the Borrow tab at jup.ag/lend. The page is organised into several blocks.

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Top stats

Two figures are displayed at the top right of the page header:
StatMeaning
Total SupplyAggregate value supplied across Borrow-related vaults, expressed in USD.
Active LoansTotal 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.

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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.

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Your portfolio

Two boxes summarise your activity across all Borrow vaults:
StatMeaning
Your Total SupplyCombined USD value of the collateral you have deposited across all your Borrow positions.
Your Total BorrowCombined USD value of the assets you have borrowed across all your positions.

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Your Positions

A list of your open positions across all vaults is displayed below the portfolio stats. Each row links to the corresponding vault page where you can manage the position. Use the grid/list toggle at the top right to switch views. If no positions are open, the UI shows “No positions found”.

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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.

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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:
CategoryContent
AllEvery available vault.
SOLVaults using SOL or SOL-based assets as collateral.
BTCVaults using Bitcoin-based assets as collateral.
IncentivisedVaults that include additional rewards on top of the standard Annual Percentage Yield (APY).
PeggedVaults where collateral and debt are correlated assets (for example stablecoin/stablecoin or LST/SOL).
Native StakedVaults that accept natively staked SOL as collateral. See the Native Staked Vaults page.
xStockVaults that use tokenized equities as collateral.
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:
ColumnMeaning
SupplyThe collateral asset accepted by the vault, along with the total amount currently supplied.
BorrowThe debt asset you can borrow, along with the total amount currently borrowed.
LTVLoan-to-Value ratio: the maximum percentage of your collateral value that you can borrow.
Liq. ThresholdLiquidation Threshold: the debt-to-collateral ratio at which the position becomes eligible for partial liquidation. Always higher than the LTV.
Supply APYCurrent Annual Percentage Yield (APY) earned by suppliers of the collateral side.
Borrow APYCurrent 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).

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Creating a position

1

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.
2

Open the vault

Click on the chosen vault. You land on the vault page, with the Deposit modal open by default.
3

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.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.
4

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. 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.
5

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.

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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 below.

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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.
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.
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.

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The position page

Once a position is open, the vault page displays all the information needed to manage it. The header identifies the vault and shows the main risk parameters:
ElementMeaning
Pair and IDThe collateral/debt pair followed by the vault number (for example SOL/USDT #1374).
SubtitleA short description (for example “Supply SOL to Borrow USDT”).
LTVMaximum borrowing ratio for this vault.
Liq. ThresholdDebt-to-collateral ratio at which liquidation is triggered.
Liq. PenaltyPercentage of the liquidated portion that is charged as a penalty. Varies by vault.

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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).

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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).

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Position summary panel

On the right side, a panel summarises the current state of the position:
MetricMeaning
Position PNL (7D)Profit or loss on the position over the last 7 days, in USD and as a percentage.
Net APYOverall annual yield or cost, combining the Supply APY earned on collateral and the Borrow APY paid on debt.
Liq. Price/OffsetThe price at which the position becomes eligible for liquidation, and the percentage drop from the current price required to reach it.
Position HealthStatus 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%).

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Tabs

Below the position cards, four tabs give access to more functionality:
TabPurpose
ActionsCombined and leveraged operations (Deposit & Borrow, Repay & Withdraw, Leverage, Deleverage).
My PositionsAll your positions in this vault.
StatsHistorical charts: Supply APY, Borrow APY, Oracle Price.
HistoryAll on-chain events for the connected wallet on this vault.

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Managing your position

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

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Simple actions

On the Supplied Collateral card, click Deposit. Enter the amount, confirm. More collateral increases your safety buffer and reduces liquidation risk.
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.
On the Borrowed Debt card, click Borrow. Enter the amount, confirm. The Borrow modal shows the updated Position Health and the estimated liquidation price.
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.
Position Health, Net APY, and the estimated liquidation price update in real time when you modify a position.

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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.
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.
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.
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 and Price Impact. A flashloan indicator is displayed.
If you want to open a dedicated leveraged position from scratch on a pegged pair, the Multiply product and Strategies are built for this use case.
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, Price Impact, and a flashloan indicator. The Status preview shows the resulting Position Health before you confirm.

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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.

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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.

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Position NFT after closing

When you close a position, the Position NFT stays in your wallet. If you later open a new Borrow position in the same vault pair, the NFT can be reused, so you do not pay the account creation fees again.

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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:
ColumnMeaning
Vault ID / Nft IDThe vault number followed by the Position NFT identifier.
SupplyThe collateral amount for this position.
BorrowThe debt amount for this position.
Net APYCombined yield or cost for the position.
Health FactorMathematical ratio where higher means safer. Shown as ∞ when there is no debt (no liquidation risk).
LiquidatedWhether the position has been liquidated (Yes / No).
RatioThe current Position Health expressed as a percentage of the Liquidation Threshold. 0% means no debt, 100% means liquidation-imminent.
Last UpdatedTime since the last on-chain event on this position.
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.

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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 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.

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Transaction history

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

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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.

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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
DepositDeposit
BorrowBorrow
RepayPayback
WithdrawWithdraw
LeverageMultiply
DeleverageUnwind

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Event types

You supplied collateral to the vault.
You took out (or increased) debt from the vault.
You repaid part or all of your debt.
You removed part or all of your collateral from the vault.
A leverage-increasing event on the position. This typically accompanies a Leverage action from the Actions tab.
A leverage-decreasing event on the position. This typically accompanies a Deleverage action from the Actions tab.

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Common mistakes to avoid

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.
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.