Jupiter Lend’s $414 Million USDC Vault Still Has Almost Nothing Free to Withdraw

Depositors in Jupiter Lend ‘s USDC vault could withdraw only a sliver of their money on Friday afternoon, more than nine hours after the Solana lending protocol warned of “a liquidity crunch impacting withdrawals.” When Unchained queried Jupiter’s public Earn API at 2:21 p.m. ET, it showed 8.44 USDC available to withdraw from a vault holding roughly 413.7 million USDC . Two minutes earlier, the same figure stood at 20.79 USDC. The vault for JupUSD , Jupiter’s own stablecoin, showed about 419,000 JupUSD free out of 44.5 million, or under 1%.

Source: Unchained