JLP Loan: Borrow USDC Without Selling Your JLP

The Jupiverse just got a new feature and the community went wild for it.

On July 18, 2025, Jupiter launched a new product called the JLP Loan, and within 24 hours, every available USDC for borrowing was gone.

But what is JLP Loan, and why did it spark this much demand? Let’s break it down.

What Is the JLP Loan?

If you’re a JLP holder, meaning you provide liquidity to Jupiter’s perpetual trading pools you’re already earning trading fees.

With JLP Loan, you can now borrow USDC using your JLP tokens as collateral, without needing to sell your JLP or stop earning fees.

It’s a win-win:

• Keep your yield from JLP

• Borrow up to 80% of your JLP’s value in USDC

• Only risk liquidation if your debt reaches 86% Loan-to-Value (LTV)

More details here: Official JLP Loan Guide

What Happened After Launch?

In less than 24 hours of launching, the full pool of available USDC for loans was completely borrowed.

That’s a clear signal:

1. The community wants capital efficiency using their assets to do more without selling.

2. JLP holders see value in borrowing stablecoins against their yield-generating tokens.

It’s another step in Jupiter becoming a full DeFi powerhouse on Solana, not just a trading aggregator.

What This Means for Jupiter

This level of instant demand is huge:

• It shows trust in Jupiter’s products

• It confirms that DeFi users want borrowing options tied to yield

• It pushes Jupiter further into DeFi lending territory, competing with protocols like Marginfi and Solend

Jupiter themselves have acknowledged this crazy demand.

In their words:

“We will make more USDC liquidity available soon!” — Jupiter Exchange on X

So if you missed out on borrowing USDC, stay alert — more is on the way.

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🐱 TL;DR for Cats

• JLP Loan launched July 18, 2025

• Borrow USDC using your JLP tokens as collateral

• Fully borrowed within 24hrs of launch

• More USDC liquidity is coming soon