Jupiter Leverage Strategy JUICED Loop to End by Late September

Jupiter (JUP)'s JUICED Loop leveraged yield strategy will be phased out starting the last week of September. Existing users must repay borrowings and manually unwind active positions.

The Jupiter Earn official X account stated this change involves reducing borrowing limits, ending dedicated JUICED incentives, and applying a fee multiplier by late September, though specific timing and rates remain undisclosed. This adjustment affects the yield token JUICED and its leveraged strategies but does not close JupUSD's issuance or redemption functions.

JupUSD is a dollar-pegged asset-backed token. It generates no yield itself; JUICED's returns come from U.S. Treasury yields on collateral assets and borrowing interest from Jupiter Lend. The JUICED Loop strategy allows users to borrow USDC or Tether (USDT) against JUICED collateral, then reinvest the borrowed funds to buy more JUICED for staking.

Unlike basic yield tokens, this product combines borrowing and re-staking. Active positions must be fully unwound by users at once—partial withdrawals are not supported. Closing a position exchanges collateral to repay outstanding debt, with remaining assets returned to the wallet after deducting debt, interest, and swap costs over the holding period.

Users holding JUICED or staking in JupUSD wallets face no additional steps as this change separates basic yield products from leveraged strategies. JUICED's yields fluctuate based on collateral asset returns and Jupiter Lend borrowing demand. The decision to end JUICED Loop was not accompanied by details on its total locked value or reasons for termination, nor did Jupiter comment on potential ecosystem or price impacts.

Users should note that final repayment amounts vary depending on entry timing and loan size due to accumulated interest and swap fees. This change does not signal the end of Jupiter Lend but specifically discontinues this leveraged strategy. Jupiter plans to first reduce borrowing limits and end dedicated incentives before applying late September's fee multiplier.