Collateralization under stress
Jupiter's assessment for RD-F-068 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Jupiter Lend: 90% LTV / 95% liquidation threshold is aggressive. JLP used as collateral at 90% LTV means a 10.5%+ JLP price decline triggers liquidation. JLP NAV can fall during sustained trader-profitable markets. Shared liquidity layer across vaults (not fully isolated, per Jupiter exec acknowledgment in 2025) means vault stress can propagate. Gauntlet engaged for parameter optimization. No stress event has occurred yet but design carries elevated risk under correlated drawdowns.
Sources #
- URLJupiter exec acknowledges 'zero contagion' claim was 'not 100% correct' (2025)Jupiter Lend vault isolation controversy — TheBlockretrieved 2026-04-29
- Jupiter Lend Protocol details — LTV 90%, liquidation threshold 95% for JLP collateralJupiter Lend LTV/liquidation detailsretrieved 2026-04-29
- SOL Under Scrutiny as Fluid and Kamino Warn Jupiter Lend Vaults Aren't Fully IsolatedJupiter Lend vault isolation — MEXC analysisretrieved 2026-04-29
Methodology #
Determine whether under curator-defined stress scenario (top-3 collateral assets drop 50%), protocol net collateralization falls below 110%.
See the full factor methodology and distribution across all protocols →