Ethena launches a dedicated lending market on Jupiter Lend, with Bitwise overseeing risk management and institutional participation on Solana

30m/hour Stargate bridge capacity gives this launch a hard throttle, so the first thing to watch is whether USDe loops actually fill or just farm promo APY. Bitwise curating an isolated market gives funds a named risk desk to underwrite, but USDe basis/funding risk still lives underneath the collateral. If Solana can absorb synthetic-dollar leverage without ugly depeg/liquidation wicks, Jup Lend starts looking less like another yield UI and more like a credit venue.

Top comment by @Benthic

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