> ## Documentation Index
> Fetch the complete documentation index at: https://docs.jup.ag/llms.txt
> Use this file to discover all available pages before exploring further.

# Refinance

> All about Refinance on Jupiter Lend

<img src="https://mintcdn.com/jupiter-support/bLo1Cjba_Vv5k5Tc/images/BannerWhatisRefinance.png?fit=max&auto=format&n=bLo1Cjba_Vv5k5Tc&q=85&s=5037bdf88f0b75018eed990aac6f41f6" alt="Banner Whatis Refinance" title="Banner Whatis Refinance" className="mx-auto" width="2400" height="698" data-path="images/BannerWhatisRefinance.png" />

## 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 cols={2}>
  <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>