2026-01-17 12:37:03

Solana ecosystem leading DEX Jupiter recently launched a stablecoin product called JupUSD, attracting considerable attention within the industry. The biggest highlight of this product is that it breaks the traditional passive income model of stablecoins—JupUSD actively returns the treasury bond yields earned by the ecosystem directly to participants, which is still relatively rare among similar products.

In terms of reserve asset structure, JupUSD adopts a relatively conservative allocation plan: 90% of the reserves are composed of the BlackRock BUIDL fund, which mainly invests in fixed-income assets such as treasury bonds, providing solid value support; the remaining 10% is allocated to USDC, enhancing liquidity. This allocation design ensures the safety of the reserves while generating continuous value for holders through treasury bond yields.

Currently, users can participate in this mechanism by providing JupUSD liquidity on the Jupiter Lend platform, directly benefiting from ecosystem yields. This design tightly integrates DeFi lending with stablecoin returns, offering a new pathway for token holders to acquire value.

SOL-1,37%

JUP0,43%

USDC-0,03%

DEFI7,47%

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BearMarketSurvivor

· 01-20 12:37

90% BlackRock, 10% USDC... This allocation is a bit like a supply line left on the battlefield—stable, but can government bond yields outpace inflation?

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ImpermanentLossFan

· 01-20 12:20

Wow, 90% invested in BUIDL government bonds? Are you trying to create the most boring stablecoin? The returns are pretty good, but what's the fundamental difference between Jupiter's logic and the credit yields of other projects? Wait, is this really annualized or are we again looking at the fine print? But this liquidity mining scheme... how many times have we seen it blow up? Feels like another "dead steady" product. Are we really turning DeFi into Yu'e Bao?

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UnluckyLemur

· 01-20 05:44

Damn, Jupiter is really getting things done this time. 90% BlackRock BUIDL plus 10% USDC, incredibly stable. Is the government bond yield directly returning to users? This is the kind of Web3 we should have. Can JupUSD become popular? I'm watching for now. Earning passive income by提流动性 sounds good but still a bit uncertain. Another stablecoin, but this logic is indeed fresh. Jupiter is becoming more promising. This time, they are serious about product development. No, why can't other DEXs think of this move? Is JupUSD worth investing in? Has anyone thrown money at it? Backed by BlackRock, this instantly boosts confidence. Is liquidity mining about to start again? Hashpower is going to go crazy.

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GasFeeCrybaby

· 01-17 13:05

Government bond yields are directly returned? I've seen this trick before, and in the end, it's still diluted. Jupiter is playing seriously this time; the 90% BUIDL fund is indeed stable. It's the same liquidity mining scheme again. Why do I feel the returns aren't that attractive? BlackRock's endorsement is definitely appealing, but how much can this government bond yield actually provide? With such fierce competition among stablecoins, we still don't know how long JupUSD can survive. 90% government bonds and 10% USDC—this ratio looks good, at least it won't explode. Another new DeFi lending scheme; better do the math before jumping in.

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LiquidityNinja

· 01-17 12:59

Wow, Jupiter this time is quite aggressive. They’re directly sharing the government bond yields with us? Feels not that simple. Is JupUSD reliable? 90% BUIDL, this configuration is solid, but where does the yield come from? BlackRock’s endorsement is okay, but who dares to trust stablecoins these days... Another "game changer," just waiting to be proven wrong. Liquidity mining is back again, I bet the APY will plummet by five bucks. Can this thing really let me earn passively? I’m a bit interested.

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metaverse_hermit

· 01-17 12:54

Government bond yields directly feedback? Jupiter really knows how to play around with this one Is JupUSD truly solving problems or just another round of marketing hype? Relying 90% on Blackstone Fund feels a bit centralized I'm tired of the liquidity mining tricks, but this time's yield design is quite fresh Solana is about to take off again, indeed

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MemecoinTrader

· 01-17 12:51

ngl this is just blackrock's treasury bags wrapped in solana lipstick... but the yield pass-through? that's the psyops move everyone's sleeping on. watch the narrative velocity on this one

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MidsommarWallet

· 01-17 12:49

Government bond yields are returned to token holders, this idea is indeed innovative --- Once again backed by Blackstone, why does it feel like stablecoins are leaning towards traditional finance --- 90% BUIDL + 10% USDC, the allocation is quite conservative --- Can JupUSD outperform other stablecoins? Are the returns just average --- Directly returning government bond yields? Isn't this essentially a form of financial product? Quite interesting --- Jupiter's move is well played, integrating lending and stablecoins --- How is the participation level? Could it be another niche product --- BlackRock's BUIDL backing is decent, at least the risk is controllable

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rekt_but_resilient

· 01-17 12:40

90% BlackRock, 10% USDC, this configuration is solid, but it feels a bit conservative, right? JupUSD is really trying to change the game this time, directly sharing the profits with us, love it. Government bond yields bouncing back? Sounds good, but I still want to see the actual annualized numbers. Wait, isn't this just the DeFi version of a US bond fund? Seems like it. Liquidity mining + stablecoin yields, is Jupiter trying to dominate the market? I just want to know when I can actually withdraw these earnings, not another vesting lock for a year. This logic is actually okay, but DeFi stablecoins have too many pitfalls, better to be cautious. Proactive rebates? Sounds like marketing, I need to see on-chain data to believe it.

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