Jupiter's money market Jupiter Lend officially ends its Beta testing phase

Jupiter officially announced that after 6 months of development and testing, Jupiter Lend has officially completed its Beta testing phase. It currently has 83,000 users, has undergone 7 audits, 1 formal verification, and has no bad debts.

Jupiter is launching an audit competition with a prize of $107,000 for Jupiter Lend. The official statement from Jupiter describes Jupiter Lend as the most advanced money market on Solana, built on Fluid. Jupiter Lend has covered over 40 vaults and has received rewards worth over $2 million from Jup, Fluid, and partners.