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PANews reported on December 7 that, according to The Block, Jupiter Exchange COO Kash Dhanda recently responded to community concerns about its lending product, Jupiter Lend, acknowledging that claims in previously deleted social media posts regarding the "zero contagion risk" of Jupiter Lend vaults were inaccurate. Jupiter had previously promoted Jupiter Lend's vaults as having "isolation risks," with one post claiming that isolated vaults "mean that there is no cross-contamination between trading pairs, thus eliminating any risk of infection." After sparking controversy, the Jupiter team deleted the post containing the latter statement. Dhanda stated in a video posted on the X platform, "These vaults are indeed isolated." However, he also acknowledged that Jupiter Lend used recollateralized assets. Last week, Solana lending platform Kamino blocked Jupiter Lend's migration tool due to concerns that Jupiter was misleading users about its risk model. Kamino's co-founder also criticized Jupiter's claims of vault segregation in a post on the X platform.PANews reported on December 7 that, according to The Block, Jupiter Exchange COO Kash Dhanda recently responded to community concerns about its lending product, Jupiter Lend, acknowledging that claims in previously deleted social media posts regarding the "zero contagion risk" of Jupiter Lend vaults were inaccurate. Jupiter had previously promoted Jupiter Lend's vaults as having "isolation risks," with one post claiming that isolated vaults "mean that there is no cross-contamination between trading pairs, thus eliminating any risk of infection." After sparking controversy, the Jupiter team deleted the post containing the latter statement. Dhanda stated in a video posted on the X platform, "These vaults are indeed isolated." However, he also acknowledged that Jupiter Lend used recollateralized assets. Last week, Solana lending platform Kamino blocked Jupiter Lend's migration tool due to concerns that Jupiter was misleading users about its risk model. Kamino's co-founder also criticized Jupiter's claims of vault segregation in a post on the X platform.

Jupiter's Chief Operating Officer admitted that its lending product, Jupiter Lend, falsely claimed to have "zero risk of infection."

By: PANews

2025/12/07 08:20

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Jupiter had previously promoted Jupiter Lend's vaults as having "isolation risks," with one post claiming that isolated vaults "mean that there is no cross-contamination between trading pairs, thus eliminating any risk of infection." After sparking controversy, the Jupiter team deleted the post containing the latter statement. Dhanda stated in a video posted on the X platform, "These vaults are indeed isolated." However, he also acknowledged that Jupiter Lend used recollateralized assets.

Last week, Solana lending platform Kamino blocked Jupiter Lend's migration tool due to concerns that Jupiter was misleading users about its risk model. Kamino's co-founder also criticized Jupiter's claims of vault segregation in a post on the X platform.

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