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). Supplying a token pair is a different product, 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 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 covers them.SOL and liquid staking tokens
Natively staked SOL is also accepted through the 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.- syrupUSDC (Maple) is backed by overcollateralised institutional loans. See the Strategies page for its loop.
- JUICED is Jupiter Lend’s own JL Token for JupUSD; see its dedicated page.
- sUSDai is the staked version of USDai, a synthetic dollar from the USD.AI protocol 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, the JupUSD one does not. A third vault, sUSDai-USDC / USDC, is a Smart Collateral vault, see below.
Bitcoin assets
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
For JLP, see also JLP Loans versus Jupiter Lend.
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.Smart Vaults
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 rather than in the standard vault list.
Smart Earn, the supply-only product on the same page, currently offers the USX / USDC pair.