# Jupiter Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Jupiter", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

Crypto Barbarians: The Jupiter System Still Owes the Market an Answer

The article "Encryption Barbarians: The Jupiter System Still Owes the Market an Answer" investigates the controversies surrounding the Jupiter ecosystem, particularly its affiliated projects Meteora and the founders Meow and Ben Chow, originally from the Mercurial Finance project backed by Alameda Research and FTX. After FTX's collapse, the team split into Jupiter (focused on liquidity aggregation) and Meteora (focused on dynamic market making), creating a vertically integrated ecosystem that controls everything from fiat on-ramps (via Moonshot acquisition) to trading and liquidity. This closed-loop system, while efficient, has been repeatedly accused of exploiting information asymmetry. Key controversies include: - Suspicious MET token airdrop distribution in October 2025, where a few wallets received disproportionately large allocations and showed patterns of coordinated dumping. - Suspected insider trading ahead of MET's listing on Upbit in November 2025. - The LIBRA token scandal in February 2025, where Meteora was accused of supporting a token that crashed after reaching a $4.6B market cap, causing $280M in losses. Ben Chow resigned and appointed law firm Fenwick & West (already under scrutiny for its work with FTX) for an independent investigation, which further damaged trust. While on-chain detective ZachXBT's recent report cleared Meteora in the Axiom Exchange insider trading case, the ecosystem remains under a cloud of suspicion over its centralized control, lack of transparency, and repeated patterns of operating in regulatory gray areas. The article concludes that the market is still waiting for real accountability from the Jupiter system.

marsbit03/11 05:49

Crypto Barbarians: The Jupiter System Still Owes the Market an Answer

marsbit03/11 05:49

Solana Lending Internal Conflict: The Power Struggle Behind Foundation Mediation

Over the weekend, a public dispute erupted between Solana's two leading lending protocols, Jupiter Lend and Kamino. The conflict originated from Jupiter's earlier marketing claims that its lending product featured "risk isolation," implying that different lending pools would not be exposed to cross-contagion in the event of an asset failure. However, after Jupiter Lend launched, the market observed that its design did not align with the conventional understanding of risk isolation. The protocol allows for the rehypothecation (re-use) of collateral across pools to improve capital efficiency, which critics argue creates potential channels for risk contagion. Kamino's co-founder, Marius Ciubotariu, publicly accused Jupiter of misleading users with false advertising and subsequently blocked a migration tool from Kamino to Jupiter Lend. The core of the debate lies in differing interpretations of "risk isolation." Jupiter and its supporters argue their model offers a balanced approach with independent pool configurations, while Kamino and its allies insist that any form of rehypothecation negates true risk isolation and constitutes a failure in disclosure. The dispute drew reactions from key ecosystem players. Multicoin Capital, an investor in Kamino, strongly criticized Jupiter, accusing the team of either incompetence or intentional deception. In contrast, the Solana Foundation President, Lily Liu, called for unity, urging the two projects to focus on growing the overall market share against competitors like Ethereum rather than engaging in internal conflict. The clash is seen as an inevitable result of intensifying competition in a shrinking market. Jupiter Lend has been rapidly capturing market share from the formerly dominant Kamino since its launch. In a tighter, post-market-crash environment where safety is a paramount concern, Kamino seized on a perceived vulnerability in Jupiter's product design to launch a competitive attack. The incident highlights the fierce battle for dominance in Solana's DeFi lending sector.

比推12/08 16:55

Solana Lending Internal Conflict: The Power Struggle Behind Foundation Mediation

比推12/08 16:55

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

Summary: Over the weekend, a public dispute erupted between Solana's two leading lending protocols, Jupiter Lend and Kamino, centered on the definition of "risk isolation." The conflict began when Kamino's co-founder, Marius Ciubotariu, accused Jupiter Lend of misleading users. He argued that Jupiter's early marketing claimed its lending pools were "risk-isolated," preventing cross-contamination between assets. However, Kamino contends that Jupiter Lend's design, which allows for the rehypothecation (re-use) of collateral across pools, creates a risk of contagion, contradicting its marketing. In response, Jupiter's COO, Kash Dhanda, admitted the initial "zero contagion risk" social media posts were inaccurate and apologized. The debate highlights a core disagreement on the definition of "risk isolation." Jupiter and its supporters argue the term has design flexibility, noting that while pools share a liquidity layer, each has independent parameters. Kamino and its allies insist that any rehypothecation negates true risk isolation. The dispute escalated when Tushar Jain, a partner at Kamino investor Multicoin Capital, strongly criticized Jupiter, accusing the team of being either incompetent or deliberately misleading. In contrast, Solana Foundation President Lily Liu urged for cooperation, emphasizing that the Solana lending market is much smaller than Ethereum's and that internal conflict only helps competitors. The clash is seen as an inevitable result of intense competition. Kamino was long the Solana lending leader, but Jupiter Lend has rapidly gained significant market share. In a tighter market with reduced liquidity and heightened safety concerns, the competition between the two protocols has become increasingly fierce.

marsbit12/08 10:22

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

marsbit12/08 10:22

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