Drama de Solana DeFi: El “riesgo limitado” de Jupiter Lend genera caos 😱

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Las calles iluminadas con luces de neón del inframundo DeFi de Solana estaban llenas de escándalos cuando Jupiter Lend, ese autoproclamado circo de préstamos “libre de riesgos”, se vio sumergido hasta las rodillas en acusaciones de -oh, ¿cuál es la palabra?- narración creativa. 🎪

Los críticos, esos siempre encantadores rumores, afirmaron que el “riesgo aislado” de la plataforma era tan aislado como un borracho en una boda; es decir, en absoluto. Peor aún, los rumores de rehipotecación (palabra elegante para “jugar a la papa caliente con garantías”) amenazaban con convertir a Solana en un rally de dominó financiero. 💥

“A very limited risk of contagion,” admitted Jupiter’s Kash Dhanda, with the same energy as a chef saying, “There’s just a little rat in your soup.” He added, cheerfully, “But the vaults are isolated! Mostly. Except when they’re not. Yield gotta come from somewhere, right?” 🤷‍♂️

For the uninitiated, rehypothecation is when your collateral gets passed around like a questionable party rumor-great for leverage, terrible when everyone suddenly wants their money back. Just ask Stream Finance’s xUSD, which learned this lesson the hard way in November. 💸

Kamino Throws Shade 🌑

The drama kicked off when Fluid’s Samyak Jain casually mentioned-mid-sip of his metaphorical tea-that Jupiter’s vaults were “not completely isolated.” Cue Kamino’s founder Marius, who, smelling blood in the water, declared:

“No isolation here! Just full cross-contamination, served with a side of false advertising.” 🍵

Kamino swiftly blocked migration to Jupiter Lend, because nothing says “trust issues” like slamming the door on your rival. Meanwhile, Multicoin Capital’s Tushar Jain dropped the mic: Jupiter’s team was either “incompetent” or “lying to attract deposits.” Brutal. 🎤

Market Reactions: ¯\_(ツ)_/¯

Despite the theatrics, Jupiter Lend’s users seemed unbothered-or perhaps blissfully unaware. DeFiLlama reported $36.5 million in inflows on December 6th, followed by another $26 million the next day. Because why panic when you can just vibe? 🚀

Jupiter Lend, part of the sprawling Jupiter ecosystem (DEX aggregator, staking, predictions, and probably a fortune teller booth), has been nibbling at Kamino’s TVL dominance. But with $3B locked, Kamino still reigns supreme-for now. 👑

Final Thoughts (Or Lack Thereof)

  • Jupiter Lend walked back its “zero risk” claims faster than a politician backtracking on campaign promises. 🏃‍♂️
  • Investors, meanwhile, shrugged and kept throwing money in. Because crypto. 🤪

2025-12-07 13:23