Jupiter Staked SOL (JupSOL) Project Update

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• Jupiter's Breakpoint 2025 keynote and product expansion. At Solana Breakpoint 2025, Jupiter fully launched its Jupiter Lend product out of beta and introduced Jupiter VRFD, a verification layer to authenticate tokens and combat scams 3. During the keynote, the team highlighted that Jupiter has processed over a trillion dollars in volume this year and is launching Jupiter Verified to provide a trusted, real-time data layer for the roughly 30,000 new tokens created on Solana daily . Jupiter Lend was reported to have reached $1.6 billion in market supply in just four months . This matters for JupSOL holders because a stronger, more trusted Jupiter platform increases the utility and demand for its staking product.
• JupUSD stablecoin launch timing. Kash Dhanda announced that JupUSD, Jupiter's native stablecoin developed with Ethena Labs, would launch "late next week" during the Jupiter Keynote at Breakpoint 2025 5. Dhanda noted that while JupUSD is not itself a yield-bearing stablecoin, the team plans to explore ways to share some of the underlying economics from the Jupiter product suite with JupUSD holders 5. A native stablecoin deepens Jupiter's onchain financial stack, which indirectly supports the ecosystem in which JupSOL operates.
• Jupiter acquires Rain.fi and introduces Jupiter Offerbook. Jupiter announced the acquisition of Rain.fi, a peer-to-peer lending protocol, during its Breakpoint keynote 6. As part of the transition, Jupiter will launch Jupiter Offerbook in Q1 2026, a peer-to-peer lending product allowing users to set their own parameters based on risk, including APR, collateral, and loan duration 76. Rain users will receive a JUP airdrop in early 2026, with a snapshot already taken on Dec. 10, 2025 6. This expansion into lending broadens Jupiter's product surface, which is relevant to the overall ecosystem supporting JupSOL.

Biggest Stories of 2025

• Beldex (BDX) listed on Jupiter. Beldex expanded its decentralized footprint with a new listing on the Jupiter DEX Aggregator, with the BDX/SOL trading pair going live on Jupiter Ultra V3, improving accessibility and liquidity for the community. (December 28, 2025) 8
• Coinbase Solana DEX trading powered by Jupiter. Coinbase confirmed it expanded its DEX Trading integration to support Solana tokens, with the Solana DEX Trading integration powered by Jupiter. (December 17, 2025) 9
• 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 from the Jupiter product suite with JupUSD holders. (December 11, 2025) 5
• Jupiter acquires Rain.fi. Kash Dhanda announced the acquisition of Rain.fi, a peer-to-peer lending protocol, during the Jupiter Keynote at Breakpoint 2025, with core features to be integrated into Jupiter and the launch of Jupiter Offerbook planned for Q1 2026. (December 11, 2025) 6
• Jupiter Offerbook introduced. Following the Rainfi acquisition, the Jupiter team introduced Jupiter Offerbook, a peer-to-peer lending product slated for launch in Q1 2026 that enables users to set their own risk parameters. (December 11, 2025) 7
• Breakpoint 2025 keynote and product launches. Jupiter fully launched Jupiter Lend out of beta, introduced Jupiter VRFD verification layer, launched Jupiter Terminal with a Bloomberg-like onchain trading experience, and went live with the Jupiter Developer Platform. (December 11, 2025) 3
• Jupuary 2026 allocation adjusted. In response to community feedback, Kash Dhanda announced that the Jupuary 2026 Stakers Allocation was increased to 60 million JUP, with 30 million JUP distributed up front and 30 million JUP allocated to the bonus pool, representing 15% of the total airdrop. (December 5, 2025) 10
• Jupiter DTF launched. Jupiter Exchange announced it was reintroducing token raises through Jupiter DTF, an onchain framework for transparent project funding with full onchain transparency for token supply and allocations held in escrow through Jup Lock, with the first token (WET) scheduled for Dec. 3, 2025. (November 25, 2025) 11
• Jupuary 2026 proposed. During Planetary Call 60, Kash Dhanda revealed tentative plans for distributing 700 million JUP (7% of total) allocated to Jupuary 2026, including a 200 million JUP initial airdrop, a 200 million JUP bonus pool, and 300 million JUP for Jupnet incentives. (November 19, 2025) 12
• MET airdrop claims live for JUP stakers. Following the launch of the Meteora token, eligible JUP stakers could claim their MET token airdrop allocations in the form of MET/USDC Meteora liquidity positions. (October 23, 2025) 13
• Jupiter Prediction Markets launched. Jupiter Exchange announced its first Prediction Market was live in Beta version, powered by Kalshi's liquidity, with limits of 100,000 for global max contracts and 1,000 for position max contracts. (October 22, 2025) 14
• JupUSD announced. Ethena Labs announced the introduction of JupUSD, a new stablecoin serving as the native stablecoin within the Jupiter Exchange ecosystem, developed using Ethena's "Stablecoin-as-a-Service" infrastructure and initially backed by USDtb. (October 8, 2025) 15
• MET airdrop for JUP stakers finalized. The Meteora team finalized its MET airdrop allocation for JUP stakers, with 3% of total MET (30 million MET) distributed to JUP stakers, including 1% across all stakers and 2% to those who never unstaked, received as a MET/USDC liquidity position NFT. (October 1, 2025) 16
• Jupnet private testnet scheduled. During the Q2 Token Holders Update call, the Jupiter team announced the Jupnet private testnet was scheduled to launch during Q3, with the public testnet following in Q4 2025, and expected integration with Solana, Sui, Base, and Arbitrum. (July 10, 2025) 17
• Jupiter DAO voting paused. Jupiter contributor Kash Dhanda stated the team would pause DAO voting through the end of 2025 to focus on execution, speed, and growth, with no new JUP emissions from the DAO treasury for the remainder of the year and Active Staking Rewards extended through Q4 2025 at 50 million JUP per quarter. (June 19, 2025) 18
• Jupiter Perps updated. The Jupiter team announced updates to the Jupiter Perps product, including the ability to share trade PNL again, set multiple and partial TP/SL orders, and set up to 20 limit orders per market. (May 9, 2025) 19
• Jupnet omnichain network announced. Meow, the founder of Jupiter Exchange, announced the launch of JupNet, an omnichain network, at the 2025 Catstanbul event, aiming to aggregate all crypto into a single decentralized ledger through three systems: the DOVE Network, the Omnichain Ledger Network, and Aggregated Decentralized Identity (ADI). (January 25, 2025) 20