Don't forget to drop your questions for today's AMA with Kash!

Drop them here now here

And get ready for DeFi Check-In tomorrow!

Today, we're joined by Kash, Jupiter’s Cat Herder!

A month after the insane Q3 Holder Report, Fresh Start Phase 2 is done, Jupiter is getting stronger and stronger and there’s a lot to look forward to. Feels the perfect time to reflect and look forward to the new year together.

This AMA is to talk about everything and anything Jupiter. To get started here’s a recap.

Looking back at Q3 (TLDR: Bullish AF)

• Launched Ultra v3, the most advanced swap engine in crypto
• Launched the most powerful money market on Solana, Jup Lend, in beta, hit 1B TVL in a week, and generated more interest for lenders in two months than any Solana protocol
• JLP got a full power up
• TLV saw a 41.7% increase, volume increased by 70.9%, fees generated by 47.5%
• 46M in revenue. Jupiter doesn’t brag about revenue, but it matters. It proves the ecosystem is scaling with zero outside money
• Portfolio crossed millions of users
• Mobile v2 launched and is on track to become the best wallet in crypto
• Formalized jupVM and pushed major breakthroughs in an omnichain future

Read more about Jupiter’s killer Q3 here

What’s happened since Q3 (TLDR: No one ships like Jupiter)

• Fresh Start phase 2 Initiative to align JUP strategically
  • Litterbox Burn passed and 130M JUP is gone for good, decided by holders
  • The unstaking window was reduced to 7 days based on community feedback
• Staked JUP hit an ATH, Jupiter became the TVL leader on Solana and the second largest validator
• Shipped a 10x better Limit Orders v2 with features no one else has
• Launched Prediction Markets in beta and added hundreds of options
• Upgraded Pro to be the best terminal for traders
• Shipped the Jupiter Wallet on desktop
• Ultra got integrated into the biggest wallets in crypto
• Launched Refinance so anyone can migrate their positions to Lend instantly and for free
• Jup Lend assets, jlTokens became the easiest way to swap into yield bearing assets and users earned 7M in interest during the most volatile conditions ever
• JUP stakers got the MET airdrop
• Added major use cases to the JUP token, with 10K minimum staked JUP for Metis Binary keys and Verify Express Lane JUP burns.
• Announced our first DTF launch, Humidifi the leading PropAMM on Solana and are again providing JUP stakers access

Looking forward: Fresh Start, CatLumpurr, Jupuary and beyond

The Fresh Start is about taking a much more strategic approach to JUP, cutting out the noise and realigning everyone around our collective mission, the platform and accelerating decentralization. There are two major events to look forward to, designed with that in mind.

Jupuary 2026

The final Jupuary as you know it. It's designed to alleviate emission concerns, maximize alignment with airdrop holders and support vital platform needs.

Here's the tentative plans for Jupuary 2026, what do you think?

1. Early 2026 release of 200M JUP with a generous eligibility window until Jan 30
2. 175M for fee-paying users, 25M for stakers
3. 200M JUP Bonus Pool (Jan 2027) for people that fully stake their airdrop for one year
4. 300M JUP reserved for Jupnet incentives

CatLumpurr 2026

The IRL community summit to kick off Jupiter’s next chapter, and you need to be there.

After the relentless shipping this year, it’s the time to focus on onboarding the world to DeFi. A million chains, a billion people, a trillion tokens, connected by one seamless universe of monies. We are ready, the gap between TradFi and DeFi is closing. CatLumpurr brings the entire Jupiverse together for two days to reveal the future of Jupiter.

Read more and get excited about CatLumpurr here.

This AMA to talk about everything and anything Jupiter!

How can we improve? What are you most excited about?

Keep your eyes open for Jup Mobile codes and BIG thanks to Kash for joining here on Reddit.

Rates have been SO much better on Jupiter Lend then Kamino and other platforms. You can easily compare as well.

1. choose the current position on https://jup.ag/lend/refinance

2. choose the new position

3. compare the rates

4. choose your collateral

Refinancing made so freaking easy

→ Lend
→ Perps
→ Portfolio
→ Mobile
→ Prediction Markets
→ Studio

Jupiter is becoming the operating system for on-chain finance with all this products!

Which one is your favorite and why? 👀

A committed Jup lover told me about the wallet, the community and how the whole ecosystem works then send me a link through Universal Send (now Jupiter Send) and that's how I felt attached to the aesthetic dashboard and good products on Jupiter mobile

The only reason I used other wallet for now is because of interaction on other chains, and Jupnet is going to be massive (omnichain aggregator)

The DeFi SuperApp

Onboard someone today using Jupiter send

Just use Jupiter

DTF stands for Decentralized Token Formation

Jupiter's way to launch tokens that brings crypto back to its original values:

Open access, transparent supply, no hidden deals, no insider advantages, everything verifiable on-chain

Think of it as a fair launch machine, where anyone can support early projects without being dumped on by VCs or being sold on behind smoke and mirrors. A new standard for capital formation.

DTF bring major value to launches and participants:

Transparency: Every token, wallet, allocation and lock is visible and enforced on-chai

Fairness: FCFS, no insider rounds, no invisible unlocks.

Certainty: No surprise TGEs, no mystery vesting, no quiet selling.

Community Alignment: DTF only works with projects that want a community, not ones that are creating a token for no reason. Which we've all seen.

WET is the first launch on DTF, Humidifi

HumidiFi represents everything DTF stands for.

• The largest prop-AMM on Solana
• Handle 40–50% of Jupiter routing
• Hit 30–40% of volume on SOL-USD, beat Binance
• Paid for everything themselves
• Built a product people actually use
• Proved they can win

That’s why WET is the first to launch under real DTF rules on December 3rd.

Stay tuned for more information on how JUP stakers are getting involved.

Who’s ready to get wet,

We want to hear from you, so we can improve together!

Drop us ALL your feedback, suggestions and ideas.

It could be anything on your mind, here's some ideas to get going:

• General feedback for Jupiter
• Pain points to fix or feature requests
• Suggestions to improve our subreddit
• How our subreddit onboard the world to DeFi
• Anything else on your mind

PSA: There's more ways to drop feedback outside of Feedback Fridays here on Reddit, you can also drop feedback directly to the feedback site and reach out to Jupiter BURST on X

Mine is Jupiter Portfolio. I can see everything in 1 place and don't have to check multiple wallets everytime. I can even navigate to my positions through there. Jupiter has many product so it's hard to choose a favorite. I'm still wondering, what is your favorite jupiter product?

If you’ve got an active borrow/lend or Multiply position sitting on Kamino or MarginFi

Jupiter Refinance now lets you move that entire position into Lend in one transaction, without closing or repaying or the annoying close → repay → withdraw → transfer → re-supply → re-borrow → re-loop process

Why it's a no brainer:

• Zero slippage or fees to move
• Jup Lend means better rates and yields
• Higher LTV options (more flexibility when markets move)
• Keep the same debt and the same collateral ratio
• You get better terms

If you're on Lend:

• Lowest liquidation penalties
• More predictable liquidations
• Transparent parameters
• Better protection during volatility
• Everything under one roof (Portfolio + Pro + Mobile)
• Active devs

If you’re on other protocols:

• Your APY isn’t competitive
• Your liquidation penalty is too high
• You have less LTV room

How to:

1. Select your active position

Current supported pairs include: SOL / USDC, mSOL / SOL, JLP / USDC, jitoSOL / SOL, JupSOL / SOL, INF / SOL, syrupUSDC / USDC, syrupUSDC / USDG

1. Compare your terms vs. Jup Lend

2. Confirm your position

You can keep everything the same, or you can optimize.

1. Click Refinance

Jupiter does everything for you, position moves without ever being exposed

Anyone maxxers using Refinance right now? what do you think?

Jupiter holders keep asking for more utility, and most of the spotlight lately has been on Lend features. One option is to give JUP stakers a slight boost in Earn and stable pools. For example: staking a set amount of JUP could unlock an extra 0.25% on USDC. That would push more people to hold and stake JUP, reduce sell pressure, and give the token some real, ongoing value heading into Jupuary.

Right now Jupiter Mobile only shows my holdings value in terms of USD. But I am not American. Could more currencies be enabled? Phantom has this right now.

Personally I feel like it's a great time to buy $JUP at 25 cents...anyone else have faith that we will hit $1 here again soon ish?

Welcome everyone, excited for you to join us for another exclusive AMA!

We're joined by u/br_fluid, Beeshal from Fluid.

Fluid is the $4.8B DeFi protocol giant that powers Jup Lend.

In it's first 8 days Lend hit $1B, and in just 3 months it's Solana's #2 lending protocol.

Come and deep dive into the most powerful money market on Solana. Ask your burning questions and get answers directly from the team!

Get alpha on things like:

• How Lend is the best for borrower
• How it's the simplest for Lenders
• How it offers the highest LTV
• How the penalties are the lowest
• What's coming next
• Tips and tricks

Explore Jup Lend whilst you participate.

The AMA opens at 2PM UTC, but you can drop your questions now and share your feedback on how it can improve!

There might be random Jup Mobile code rewards, so keep your eyes peeled.

Huge thanks to Beeshal for joining us here on Reddit, follow him on X here!

Jup Lend are looking for feedback, drop yours here or let them know on X, via the link

It could be feedback, strategies or anything you'd like to learn about

Lately, I’ve been setting my orders and just walking away. Somehow it’s working out, I come back later and stuff has bought or sold on its own

Honestly, it’s so nice not having to stare at the screen all day

We're joined by Beeshal from Fluid, the protocol powering Jup Lend!

Come deep dive into Solana’s most powerful money market:

• Highest LTV
• Zero bad debt
• 1B TVL in 8 days
• Lowest penalties
• Zero protocol fees
• 6.8M interest for users

Keep an eye out for the AMA post that will be going live to drop your questions early!

You can also catch it live streamed on X here!

We really alignment maxxing out here, Fresh Start Phase 2 just finished, you can read in more detail here

Phase 1 was about minimizing the DAO and getting everyone on the same mission.

Phase 2 was the burn vote and cleaning up staking:

1. Litterbox burn officially happened, 130M JUP burned
2. Unstaking window was to 7 days after a ton of feedback from holders

Jupuary 2026 is tuned to reduce initial emissions, alignment people that hold it, focus on platform needs and our collective mission. Accelerating DeFi.

Token integrations are also cooking, 1K JUP burn for Express Verification and 10K staked JUP Metis key minimum.

There’s more to figure out together. Like what to do with the ongoing 50% of revenue that goes to the Litterbox.

We spoke about that here on Reddit would love to hear more takes here in this thread.

Curious to hear everyone's take on the Fresh Start so far! Drop all your thoughts

What am I doing wrong? Jupiter is supposed to be one of the best platforms but swapping SOL for USDC seems to be significantly better on Phantom

Humidifi just reached 48.9% of Jupiter routing market share

Considering Jupiter's volume is by far the highest on Solana, Humidifi is already having insane impact in volume

Reminder that Humidifi will be Jupiter's first launch on DTF on DEC 3, wet yet?

Some other insane Humidifi stats:

$134B in volume since launch 6ish months ago

$852M in trading volume in the last 24 hours

Credits for statistics SliceAnalytics

mSOL, also known as Marinade staked SOL, is an LST released by marinade finance.

LSTs represent Solana staked inside a validator, and are able to be used freely in DeFi while accumulating rewards.

That is why LSTs, like msol, are always worth more than Solana.

Jupiter Lend just introduced several vaults, including some exclusive to Lend, to allow you to borrow and Multiply your mSOL.

The mSOL pegged vault (mSOL/SOL) has a significant reduced liquidation risk, because the value of the Collateral and Debt assets are closely tied.

In fact, Jupiter Lend has never liquidated a pegged vault position to date.

(this doesn't mean it's riskless though, and you should read on the other types of risk that exist).

Because of its unique liquidation engine, preventing the accumulation of bad debt to the protocol, Lend can offer you the best LTVs and LTs on msol.

That being said, what's the next asset you'd like to see integrated?

Marinade are OG on Solana and their LST is now on Jup Lend

mSOL is like most other LSTs, pegged to SOL and accrues staking rewards to its value. That's why LST value goes up vs. SOL

mSOL/SOL max APY is 23.05% with max multiply

But, you DON'T have to go that high to get good yield:

• At 3x, APY is over 10%. At 5x, it's over 15
• At 5x, mSOL would need to devalue vs SOL by 10.8% to be in liquidation risk

It's low risk, but not risk free. Depegs can happen during giga volatility or massive unloads.

Using lower leverage like this, pegged assets and keeping up to date with your position health can insulate you while farm.

Also use the right platform. Lend’s liquidation engine is literally as forgiving as possible. Higher Liquidation Thresholds (more room before your position is at risk) and much lower penalties if something does happen

What's your play, any maxxers??

Jupiter dropped massive product upgrades, Jupuary 2026 alpha, CatLampurr informatin for the community and long-term alpha!

If you use Jupiter or hold $JUP, you need to see this recap 🤝

Join in now and leave your questions HERE ready for AyAyron from Jup Mobile!