From Decrypt · By Decrypt Agent
In brief
Jupiter is launching four products, including Baskets for buying bundles of tokens in one deposit and Vaults for yield strategies run by outside curators.
The Solana trading platform says it wants to apply the aggregation approach behind its $1.3 trillion in routed trades to owning, earning on and managing assets.
The releases roll out this week ahead of Solana Breakpoint on November 15, with Vaults opening first as a private beta.
Jupiter, the largest trading platform on Solana, is rolling out four new products this week as it aims to expand from a place to trade tokens into an all-in-one home for onchain assets.
The company announced a new mission on Tuesday, "to make the world's assets universally accessible and useful," alongside the releases, which cover discovering, owning, earning on and managing assets.
Jupiter built its business by aggregating liquidity from across Solana so that each trade gets the best available price. It says that approach has processed more than $1.3 trillion in cumulative aggregator volume, and that its wider ecosystem now holds about $1.7 billion in total value locked, according to DeFiLlama data from early November. Its lending market has passed $1 billion in active loans, the company said.
"What Google did for information, Jupiter is doing for assets," said Kash Dhanda, Jupiter's chief operating officer. "We started with the trade because it was the hardest problem on Solana, and aggregation solved it. That taught us something: aggregation doesn't just work for trading, it works for everything."
Dhanda has framed the goal in even bigger terms. "I'm a big believer that the era of do-it-yourself DeFi is over," he said in a livestreamed interview with Incrypted on October 29, recalling having "12 tabs open and a spreadsheet" to manage positions across different venues. He said he hopes Jupiter "in five years' time will be the only money app that you need to use."
Four releases
Baskets let users buy a bundle of tokens with a single SOL or USDC deposit instead of making a separate swap for each one. Baskets can follow market-cap weights or fixed targets and rebalance automatically, with every deposit, rebalance and exit routed through Jupiter for the best available price.
Jupiter Vaults is a new hub for yield strategies, from stablecoin lending to strategies backed by real-world assets, managed by independent curators rather than Jupiter itself. Users can review each strategy's risk profile, allocation and historical returns before depositing. Vaults opens on November 11 as a private beta for more than 19,000 people on its waitlist and eligible holders of staked JUP.
In the October interview, Dhanda said Jupiter's yield products are audited multiple times before reaching users. Asked what would happen if a product were exploited, he said that "especially if it's our fault, we'd like to work with users to find a good solution," and that Jupiter is exploring ways to insure such products onchain.