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This page provides a clear overview of the key terms and metrics used across Jupiter Lend products.
Vaults are composed of a collateral asset and a debt asset. Jupiter Lend currently supports multiple vault pairs such as SOL/USDC, SOL/USDT, stJUP/USDC, or mSOL/SOL.
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.
  • Final 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.
  • Collateral Factor (LTV) — The maximum percentage of the collateral that can be borrowed against. Also called Loan-to-Value.
  • Liquidation Threshold (LT) — The debt-to-collateral ratio at which the position becomes eligible for partial liquidation. Always higher than the LTV.
  • Liquidation Max Limit (LML) — The ratio above which the position exits the tick system and is fully liquidated to zero.
  • Liquidation Price — The collateral price at which the position would reach the Liquidation Threshold. Generally shown as liquidation price / current price of collateral.
  • 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 100ofcollateralsoldduringliquidation,anextra100 of collateral sold during liquidation, an extra 1 is given to the liquidator.
  • 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.
  • Ratio — Dollar value of debt divided by dollar value of collateral (D/C ratio).
  • Utilization Rate — The ratio of borrowed assets to total supplied assets in a pool. Higher utilization means more of the pool’s liquidity is actively being used by borrowers, which typically results in higher interest rates for both lenders and borrowers.
  • Supply APR — Rate earned per year for supplying the collateral asset.
  • Borrow APR — Rate paid per year for borrowing the debt asset.
  • Supply Absorb — The collateral absorbed by the protocol from a borrower who becomes undercollateralized.
  • Borrow Absorb — The borrower’s debt settled during the process of collateral absorption in liquidation.
  • Base Limit — The minimum level the withdrawal ceiling can contract to. Further expansion happens from this base.
  • Current Limit — The active withdrawal ceiling. If it is $0, 100% of users can withdraw.
  • Expand Percentage — The rate at which limits increase or decrease over the given duration.
  • Expand Duration — The time window for which the limits expand at the given rate.
  • Withdrawable — Amount available for instant withdrawal.
  • Withdrawal Gap — Safety non-withdrawable amount reserved to guarantee liquidations.
  • Base Limit — The minimum available borrowing amount for a vault. Further expansion happens from this base.
  • Current Limit — The active borrowing ceiling.
  • Max Limit — Maximum ceiling above which it is not possible to borrow.
  • Expand Percentage — The rate at which borrowing limits adjust over time.
  • Expand Duration — The time window for which the limits expand at that rate.
  • Borrowable — Amount available for instant borrowing.