Jupiter Lend USDC withdrawal liquidity recovers to 29 million
CIE News ·
Based on reporting by CryptoSlate; not yet independently confirmed.
Jupiter Lend reported its available withdrawal liquidity reached about 29 million USDC on October 31, recovering from an earlier squeeze where free funds fell to $88.89 against $416 million owed to lenders.
Jupiter Lend reported its available withdrawal capacity recovered to approximately 29 million USDC as of October 31, CryptoSlate reported. The rebound followed an acute liquidity squeeze on October 30, when Bitquery tracked only $88.89 in free withdrawable USDC against $416 million owed to depositors in the pool.
An official Jupiter Earn API reading earlier on October 31 recorded withdrawable liquidity briefly reaching about 31.23 million USDC, representing 7.01% of the pool's 445.77 million USDC in total assets. By 09:25 UTC, available liquidity stood at around 29 million USDC, or roughly 6.6% of the pool's 443 million USDC in total assets.
Jupiter's documentation notes that immediate exits face dynamic ceilings as well as the availability of unborrowed funds. According to the project, depositors may still have to wait for borrower repayments or fresh deposits when pool utilization remains high.
Key facts
- 29M USDC available liquidity
- $443M total pool assets
- Fell to $88.89 on Oct. 30
- Solana-based Jupiter Lend
Read the original at CryptoSlate