#What is the new Refinance feature from Jupiter?
The recent Refinance feature introduced by Jupiter offers users an efficient way to transfer their lending and borrowing positions from various decentralized finance (DeFi) protocols directly to Jupiter, all while improving the terms of their engagements. This feature allows for seamless migration of active positions without slippage, meaning that users can transfer their assets without worrying about losing value during the process. The best part is that users maintain control of their funds throughout the migration, ensuring their security.
#How does it work?
The functionality of this new feature enables users to not only migrate their positions effortlessly but also benefits them by providing better rates and favorable loan-to-value ratios. Transactions are executed directly within the users' wallets, so their funds remain with them during the entire operation. This feature is particularly appealing for those looking to refine their DeFi strategies.
#What token pairs does Jupiter Lend support?
Currently, the Refinance feature supports a range of token pairs, including JLP/USDC, SOL/USDC, JupSOL/SOL, JitoSOL/SOL, mSOL/SOL, INF/SOL, and syrupUSDC/USDC. Jupiter is committed to expanding its support for additional pairs and protocols in the future, which will likely enhance the platform’s versatility and user experience.
In addition, it is important to note that the migration process does not incur extra protocol fees, making it a cost-effective option for users looking to optimize their positions in the DeFi ecosystem.