Jupiter introduced the launch of a brand new lending market targeted on Ethena property. The market was created along with Bitwise Asset Administration and runs on infrastructure from Fluid.
The lending market is constructed round USDe, the artificial greenback asset developed by Ethena. In accordance with Jupiter, the market will stay remoted from the present Jupiter Lend liquidity layer.
The mission combines a number of separate components into one system. Jupiter supplies the lending market itself, Bitwise acts as curator, and Ethena provides the core asset, whereas Fluid operates the lending infrastructure and collateral framework. In accordance with the businesses, that is the primary time these elements have been mixed collectively at an institutional scale in a dwell on-chain lending market.
Picture: Magnific
