According to Mars Finance, on December 7, Jupiter COO Kash Dhanda recently responded to community concerns, stating that the team’s previous claim on social media that Jupiter Lend vaults had “zero contagion risk” was inaccurate. Jupiter had earlier promoted its lending vaults as having a “risk-isolated” structure and claimed that trading pairs would “not cross-contaminate, thereby eliminating any contagion risk.” This content has since been deleted. In a video posted on X, Dhanda confirmed that the vaults are indeed designed to be isolated but also admitted that Jupiter Lend involves rehypothecated assets. Last week, Solana lending platform Kamino, concerned that related risk models might mislead users, banned Jupiter Lend’s migration tool, and its co-founder publicly criticized Jupiter’s risk statements.
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