Jupiter
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About & Links
About & Links
Jupiter is originally a DEX aggregator, and has grown into a full-suite platform spanning spot trading, perpetuals, lending, limit orders, DCA, a stablecoin (JupUSD), and prediction markets.
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Biggest Stories of 2025
- JupUSD Launch Date Set: Kash Dhanda announced that JupUSD would launch "late next week" during the Jupiter Keynote at Breakpoint 2025, noting plans to explore sharing underlying economics with holders (December 11, 2025) 1.
- Jupiter Acquires Rain.fi: Jupiter announced the acquisition of peer-to-peer lending protocol Rain.fi, with core features to be integrated and Jupiter Offerbook slated for Q1 2026 (December 11, 2025) 4.
- Jupiter Lend Codebase Open-Sourced: The Jupiter Lend codebase and transparency items, including audits, were made publicly available (December 11, 2025) 5.
- Jupuary 2026 Allocation Adjusted: In response to community feedback, the Jupuary 2026 Stakers Allocation was increased to 60 million JUP, split into 30 million upfront and 30 million in a bonus pool (December 5, 2025) 8.
- Jupiter DTF Launched: Jupiter reintroduced token raises through Jupiter DTF, an onchain framework for transparent project funding with guaranteed launch liquidity on Meteora; the first token, WET, was scheduled for Dec. 3, 2025 (November 25, 2025) 9.
- Jupuary 2026 Proposed: During Planetary Call 60, Kash Dhanda revealed tentative plans for distributing 700 million JUP, including a 200 million initial airdrop, a 200 million bonus pool, and 300 million for Jupnet incentives (November 19, 2025) 10.
- Jupiter Prediction Markets Launched: Jupiter's first Prediction Market went live in Beta, powered by Kalshi's liquidity, with limits of 100,000 global max contracts and 1,000 position max contracts (October 22, 2025) 11.
- JupUSD Announced: Ethena Labs announced JupUSD, a native stablecoin for the Jupiter ecosystem built on Ethena's "Stablecoin-as-a-Service" infrastructure, expected to launch in the coming months (October 8, 2025) 3.
- Jupiter Portfolio Airdrop Checker Launched: A new feature within Jupiter Portfolio enabling users to view upcoming and ongoing airdrops they're eligible to claim, requiring 10 JUP staked per additional wallet scan (September 4, 2025) 12.
- Jupiter Lend Public Beta Live: The Public Beta launched with Multiply (leverage looping) functionality, over $2 million in rewards, and 40+ vaults including those enabling borrowing against JUP and JLP (August 27, 2025) 13.
- Jupnet Private Testnet Scheduled: The team announced the Jupnet private testnet for Q3 with public testnet in Q4 2025, integrated with Solana, Sui, Base, and Arbitrum, plus plans for CLOB functionality (July 10, 2025) 14.
- Jupiter Lend Launch Timeline Updated: The team provided an update that the Jupiter Lend Private Beta was expected by early August, with public launch scheduled for mid-August 2025 (July 10, 2025) 15.
- Jupiter Studio Launched: A customizable token launchpad integrated within the Jupiter web app, enabling creators to earn half of swap fees and configure token vesting and market caps (July 3, 2025) 16.
- Jupiter DAO Voting Paused: Kash Dhanda announced the team would pause DAO voting through the end of 2025 to focus on execution, speed, and growth, with no new JUP emissions aside from previously approved Working Groups (June 19, 2025) 17.
- Jupiter Lend Announced: Plans were shared to launch Jupiter Lend, a money market on Solana powered by Fluid, aiming to offer greater LTV ratios and reduced liquidation penalties (May 22, 2025) 18.
- Jupiter Perps Updated: Updates included the ability to share trade PNL, set multiple and partial TP/SL orders, and set up to 20 limit orders per market (May 9, 2025) 19.
- JUP Buybacks Activated: Jupiter founder Meow confirmed that the Jupiter Accumulation Plan had begun and JUP buybacks had started (February 25, 2025) 20.
- JUP Buyback Progress Update: The team announced that the accumulation of USDC for JUP buybacks had begun, with actual buying activity to follow after community consultation (February 17, 2025) 21.
- JUP Buybacks Timeline Shared: The team announced that JUP buybacks would begin on Feb. 17, 2025, happening hourly with JUP locked for three years (February 13, 2025) 22.
- JUP Buybacks Introduced: Meow announced that 50% of protocol fees would be allocated toward JUP buybacks held in the "long-term litterbox," with the remaining 50% used for growth and operational stability (January 27, 2025) 23.
- Jupnet Omnichain Network Announced: Meow announced JupNet, an omnichain network aiming to aggregate all crypto into a single decentralized ledger, consisting of the DOVE Network, Omnichain Ledger Network, and Aggregated Decentralized Identity (January 25, 2025) 24.
- Jupiter Profiles Launched: A unified identity system for the Jupiter ecosystem serving as a central hub for airdrops, Good Cats applications, and community initiatives, required for claiming Jupuary 2025 airdrop allocations (January 15, 2025) 25.
About & Links
About & Links
Jupiter is originally a DEX aggregator, and has grown into a full-suite platform spanning spot trading, perpetuals, lending, limit orders, DCA, a stablecoin (JupUSD), and prediction markets.
Jupiter FAQs
What is Jupiter?
What is Jupiter?
Jupiter began as a DEX aggregator and has grown into a full suite of financial products, including spot swaps, perpetuals, pro-trading, lending, limit orders, DCA, stablecoins, and prediction market. Governance is handled by the Jupiter DAO through the native JUP token, giving holders a direct say in the platform's direction.
What is the history of Jupiter?
What is the history of Jupiter?
Jupiter was founded in October 2021 by Meow and Siong, with a focus on solving liquidity fragmentation on Solana. From its origins as a swap aggregator, the platform has expanded into a multi-product onchain finance hub spanning trading, derivatives, lending, token launches, prediction market, and stablecoins.
Can I stake Jupiter to earn rewards?
Can I stake Jupiter to earn rewards?
Yes, Jupiter runs an Active Staking Rewards (ASR) program, which rewards participants for their staking their JUP
- You can stake the native token, JUP.
- Staking lets you vote on proposals that shape the long-term direction of the Jupiter ecosystem.
- Rewards: JUP Stakers receive Active Staking Rewards every quarter, which includes a share of 50M JUP, automatically staked at the time of claim.
Has Jupiter experienced any hacks, exploits or outages?
Has Jupiter experienced any hacks, exploits or outages?
Jupiter Exchange suffered a notable incident on February 6, 2025, where their social media account on X was hacked. The compromise led to the promotion of fake memecoins like $MEOW and $DCOIN, causing market disruption. Despite these activities, Jupiter Exchange confirmed that no customer assets were at risk due to their security measures involving multisignature wallets. Although the incident resulted in a temporary drop in the JUP token's value and market disruption, it did not involve any direct loss of funds from the platform itself. Jupiter reimbursed affected users and regained control of the account.
Is Jupiter safe? How is it secured?
Is Jupiter safe? How is it secured?
Security is treated as a first-order priority across Jupiter's protocols, with multiple independent layers of defense.
- Non-custodial by design: Operations execute directly from the user's own wallet. Jupiter never holds user funds.
- Independent audits: Jupiter's core programs (Swap, Perpetuals, Lend, Limit Order, Lock, and DAO) have been audited multiple times by reputable firms including Offside Labs, OtterSec, Sec3, Mixbytes, and Zenith. Jupiter Lend alone has undergone seven independent audits across its lending, vault, liquidity, oracle, and flashloan components. The full list of reports is published at developers.jup.ag/docs/resources/audits.
- Formal verification: Jupiter Lend has been formally verified by Certora.
- Multisig controls with timelock: Protocol governance, upgrades, and fund movements are secured by multiple multisig wallets, each scoped to a specific function.
- The Jupiter Lend upgrade multisig is timelocked, meaning any protocol upgrade is publicly visible onchain before it can execute.
- Risk and liquidation logic on Jupiter Lend draws from multiple independent oracle providers (Chainlink, Pyth, RedStone) for resilience against single points of failure.
- Jupiter runs an active bug bounty program on OOOSec, where independent security researchers can report vulnerabilities for rewards: ooosec.com/programs/jupiter.
- On-chain transparency. Audits, multisig addresses, formal verification reports, and live protocol metrics are publicly verifiable on the Jupiter Lend transparency page: jup.ag/lend/transparency
Has Jupiter been audited?
Has Jupiter been audited?
Here is the list of audits for the Jupiter project, presented in chronological order from the most recent:
- Offside Labs for DAO systems (March 2024)
- Offside Labs for Limit Order systems (April 2024)
- Offside Labs for Swap systems (April 2024)
- Offside Labs for Perpetuals (February 2024)
- OtterSec for Perpetual systems
- Sec3 for Perpetual systems
- OtterSec for the Lock system
- [2025] Jupiter Lend: Ottersec, Zenith, Offside Labs, Mixbytes
Jupiter Profile
Jupiter Profile
Jupiter was launched on Solana in October 2021. Co-Founders “Meow” and Ben Chow built the platform to serve as “the swap infrastructure for Solana.”
On March 28, 2023, Jupiter announced its Jupiter v2 upgrade, which included a rewritten routing engine using Rust and the implementation of transaction priority fees. On June 27, 2023, the Jupiter v3 upgrade was introduced, including the Metis routing algorithm and the DCA (Dollar-Cost Averaging) feature (in beta). The official launch of Jupiter’s DCA feature was announced on Sept. 18, 2023.
On Jan. 22, 2024, Meow introduced the Jupiter LFG Launchpad (beta) via a post on “X.” The launchpad focuses on liquidity bootstrapping and backstopping, and features a custom price curve tool. The post further states that the “DAO will vote for all projects to be launched.”
From Jan. 26-28, 2024, Jupiter conducted an airdrop for SPL WEN, a “culture token.” The WEN launch was designed to serve as a “lower stakes stress test” for the LFG Launchpad (beta) in preparation for the JUP token launch.
Following its launch on Jan. 31, 2024, traders can acquire JUP tokens by engaging with a JUP-USDC single-sided liquidity pool, in which 250.00 million JUP (2.50% of the maximum token supply) were allocated.
According to a forum post, “JUP is the governance token for the Jupiter ecosystem, which will be voting on a range of items crucial for the ecosystem, including launchpad projects, strict list disputes, and grants.” However, as of Feb. 2, 2024, no verifiable evidence was found to suggest the governance functionality is operational.
In January 2025, The Official Trump Meme (TRUMP) was launched using the LFG stack, "including the DLMM pool, ILM design and tight Jupiter integration."
In August 2025, Jupiter Lend's Beta was released.
In September 2025, 21Shares launches Jupiter ETP on the SIX Swiss Exchange under ticker AJUP. At the same time, Anchorage Digital added Jupiter to its Porto institutional wallet, deepening access for U.S. clients to Solana’s DeFi and marking a rare TradFi/DeFi integration.
In October 2025, Ethena Labs announced the introduction of JupUSD, a new stablecoin that serves as the native stablecoin within the Jupiter Exchange ecosystem.