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Crypto & Bitcoin

Jupiter Lend’s withdrawal liquidity rebounds from near zero to 29 million USDC

Reported by Liam 'Akiba' Wright, CryptoSlate

Image: CryptoSlate

Jupiter Lend's reported USDC withdrawal liquidity stood at about 29 million USDC in a 09:25:56 UTC reading on Oct. 31, easing the immediate cash constraint at Jupiter's lending product after near-zero availability the previous afternoon. Bitquery reported that only $88.89 of USDC was free to withdraw at 16:18 UTC on Oct. 30, against $416 million owed to Jupiter Lend's USDC savers. The October 31 reading indicates a substantial increase in reported funds available for exits. The official Earn API reported about 31.23 million USDC withdrawable, with its liquidity data last updated at 02:37:21 UTC on Oct. 31.

This is an excerpt. The reporting belongs to CryptoSlate.

Read the full report on cryptoslate.com

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