AKASHI

Jupiter Lend — JupUSD

JupiterJupiterIncentives

4.02%

Current APY

5.88%

7D avg

6.94%

30D avg

1.50%

Incentive APY

$42.3M

TVL

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Low–moderate risk · Grade B

24/100

  • Control over the protocol's code matters — upgradeable behind a multisig (threshold undisclosed).
  • Where the return comes from adds risk — yield comes from over-collateralized lending.
  • A smaller token is easier to destabilize — JupUSD: ~$43.6M market cap.

Strategy

risk 21/100
  • Strategy type20

    More complex strategy type.

  • Leverage0

    No leverage.

  • Yield source45

    Yield comes from over-collateralized lending.

  • Pool usage20

    Utilization unknown for a pool-based product.

  • Pool size1

    ~$42.3M pool.

  • Lock-up & yield stability0

    30d APR volatility 1.6pp.

What can go wrong

  • Withdrawals can be delayed when the market is near full utilization — your funds are lent out until borrowers repay.
  • Yield is variable, not fixed, and can drop as borrowing demand falls.
  • A bad-debt event in the market (a borrower's collateral can't cover their loan) can affect all suppliers.

The assets

risk 33/100

What your deposit is held in, and how steady its value is.

JupUSD
CGCMC
  • Backing model10

    JupUSD: rwa-backed.

  • Peg history42

    JupUSD: worst recorded peg deviation informs this score (7 recorded event(s)).

  • Issuer size70

    JupUSD: ~$43.6M market cap.

  • Exit liquidity11

    JupUSD: ~$18.7M DEX depth.

  • Token age51

    JupUSD: live since 2025.

  • Freeze authority35

    JupUSD: issuer can freeze token accounts.

About JupUSD

Each asset in this position — what it is, how reliable it is, and any past depegs.

JupUSDJupiter USDStablecoin
Some Risk
CGCMC

By Jupiter. Jupiter's dollar stablecoin (built with Ethena), backed by Ethena's USDtb — short-term US Treasuries held via BlackRock's BUIDL fund. · Live since 2025

  • ·Worst deviation from $1 peg: 0.19% (tracked window).
  • ·Held its peg 94.1% of the time.
  • ·Small market cap — thinner liquidity makes a depeg more likely under stress.
Peg adherence (7d): 82.1%Worst deviation (7d): 0.124%DEX liquidity: $18.7M
Audited: Yes — Offside Labs / Guardian / Pashov (contracts); USDtb reserves attested

Past depeg events

  • ▼ $0.98 · 2026-02-15 — 2.02% below peg, recovered source
  • ▼ $1.02 · 2026-02-05 — 1.58% above peg, recovered source
Show all 5
  • ▼ $0.98 · 2026-02-15 — 1.47% below peg, recovered source
  • ▼ $1.01 · 2026-06-05 — 1.32% above peg, recovered source
  • ▼ $0.99 · 2026-02-14 — 1.22% below peg, recovered source
Jupr…5USD

Token notes & warnings

  • Freezable — The authority's owner has the ability to freeze your token account, preventing you from further trading
  • Mintable — The authority's owner has the ability to mint more tokens

Who runs it

JupiterJupiterXDocsDefiLlama
risk 20/100

The team and protocol behind this, and their track record.

Supplies deposits into Jupiter's Earn lending pools (earning borrower interest) or Multiply vaults that loop a yield-bearing token for amplified exposure.

  • Admin controls45

    Upgradeable behind a multisig (threshold undisclosed).

  • Exploit history0

    No known exploits.

  • Track record0

    Live for ~61 months.

  • Price feeds0

    Multiple robust price feeds (Edge (Chaos Labs), Pyth, Chainlink).

  • Scale0

    $2.1B TVL — battle-tested at scale.

  • Safety reserves39

    ~$9.4M disclosed treasury/insurance backstop.

  • Bug bounty15

    Live bug bounty up to $500k.

  • Audits0

    Audited (OtterSec, Offside Labs, Sec3, MixBytes, Zenith).

How we rate risk

Stablecoin strategies get a 0–100 risk score (lower is safer) built from three areas — Protocol (audits, incident history, track record and admin controls), Strategy (leverage, lock-ups, pool size and yield source) and Asset (the token's peg record, backing, and exit liquidity) — weighted by strategy type — and the weakest area can push the overall number higher (riskier) on its own. The score maps to a grade: A ≤ 22, B ≤ 35, C ≤ 50, D ≤ 70, E above. Grades compare opportunities within our stablecoin catalog — an A is the strongest thing we list (blue-chip stablecoin lending), not a promise of safety. Live events (an active depeg, a reported exploit, a sharp deposit outflow) override the score immediately. Where we lack data, the factor says so and scores cautiously. Non-stablecoin opportunities are not rated. A comparison aid, not advice.

Risk levels are Akashi's own assessment to help you compare opportunities — not financial advice or a safety guarantee. Every DeFi position carries smart-contract and market risk.

Non-custodial · Akashi never holds your funds