# Jupiter Launches Lend v2 on Solana Enabling Borrowed Assets to Earn Trading Fees New features allow borrowed assets to function as DEX liquidity. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-08-10 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/d8519d57-c57a-4c1e-b1e1-81b1bb1f4f06 ## Lend v2 Innovations Jupiter announced Lend v2 on Solana on August 10. The new version became the first lending protocol on Solana where borrowed assets can earn trading fees. Features like Smart Collateral and Smart Debt were added, while Lifetime PnL records each position's earnings and costs. Supported assets include USDC, USDT, SOL, and JupSOL. ## Smart Collateral Benefits With Smart Collateral, users can earn three types of income by depositing a single asset. Deposited assets are automatically composed into liquidity pairs. This enables lending yields, trading fees, and where applicable, native staking rewards from one position. The system significantly improves capital efficiency. ## Smart Debt Mechanics The Smart Debt feature allows borrowed assets to function as DEX liquidity. As traders swap through these pools, debt positions generate trading fees that offset borrowing costs. The borrowing and repayment mechanics remain unchanged from traditional methods. ## Statement from Jupiter COO Jupiter COO Kash Dhanda stated that Lend v2 breaks down the wall between the two primary ways to earn APY onchain: lending and LPing. Users can now opt to have their liquidity work simultaneously as both lending and AMM liquidity. Both features are entirely optional. ## Transparency with Lifetime PnL The Lifetime PnL feature provides users with a complete record of what each position has earned or cost over its lifetime across lending yields, borrowing costs, and trading fees. This data helps users make more informed strategic decisions. ## Jupiter's Position on Solana Jupiter offers swaps, perpetuals, and lending services on Solana. The company operates with a mission to build a complete financial ecosystem on-chain. As of August 10, JupSOL's total value locked exceeded $396 million. ## Industry Data Points According to DefiLlama data, Jupiter's perpetual futures venue saw $702.6 million in trading volume on the same day. These figures demonstrate the growth rate of DeFi activity in the Solana ecosystem. JupSOL stands out as one of the assets eligible for Smart Collateral. ## Revolution in Capital Efficiency Jupiter's Lend v2 update sets a new standard in blockchain finance. The ability for assets to generate multiple income streams simultaneously maximizes capital efficiency for DeFi users. This innovation could strengthen the Solana ecosystem's competitiveness. ## Sources covering this story - https://cryptopotato.com/jupiter-launches-lend-v2-on-solana-letting-borrowed-assets-earn-trading-fees/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._