Jupiter announced the launch of a new lending market focused on Ethena assets. The market was created together with Bitwise Asset Management and runs on infrastructure from Fluid.
The lending market is built around USDe, the synthetic dollar asset developed by Ethena. According to Jupiter, the market will remain isolated from the existing Jupiter Lend liquidity layer.
The project combines several separate parts into one system. Jupiter provides the lending market itself, Bitwise acts as curator, and Ethena supplies the core asset, while Fluid operates the lending infrastructure and collateral framework. According to the companies, this is the first time these components have been combined together at an institutional scale in a live on-chain lending market.
Image: Magnific
