Jupiter partners with Bitwise to launch an institutional-grade USDe lending market on Solana

According to The Block, Solana ecosystem infrastructure provider Jupiter has commissioned Bitwise to create a segregated dedicated lending market for USDe on Jupiter Lend, marking the first time an institutional asset management firm has orchestrated a market on Jupiter Lend. This market will be isolated from the existing liquidity layer of Jupiter Lend to reduce the risk of institutional capital. Jupiter also utilizes the decentralized protocol Fluid to provide lending and collateral infrastructure support. Bitwise DeFi Strategy Director Jonathan Man stated that this design offers deep liquidity and risk mitigation features. USDe issuer Ethena Labs CEO Guy Young stated that USDe is an institutional-grade savings product built for scalability.