Earn tutorial
Borrow and Multiply on Jupiter Lend
Borrow lets you deposit collateral, such as SOL, and borrow another asset, such as USDC, against it. Multiply loops that in one transaction to increase your exposure.[1]
- Best for
- Unlocking liquidity without selling, or leveraged exposure for experienced users.
- You'll need
- A Solana wallet, such as Jupiter Wallet, Jupiter Mobile, Phantom or Solflare
- Collateral such as SOL or a liquid staking token
- A little SOL for network fees
- Cost
- Variable borrow interest; liquidation carries a penalty
Worked example · illustrative numbers
10 SOL at 2x with Multiply
You deposit10 SOL$2,000
Multiply 2x borrows$2,000 USDCswapped into 10 SOL
Your position20 SOL exposure$4,000 collateral · $2,000 debt
Loan-to-value
50%85%
0%100%
- Your LTV: $2,000 debt ÷ $4,000 collateral
- Liquidation threshold, for example 85%
Step by step
Find a vault
Pick a collateral and debt pair on jup.ag/lend/borrow.
Deposit collateral
Add the asset you will borrow against.
Borrow
Choose an amount and watch the loan-to-value (LTV) figure as you type.
Review and manage
Keep LTV well below the liquidation threshold; repay or add collateral if prices move.
Good to know
- Multiply borrows against your collateral and re-invests in the same asset in one atomic transaction.[2]
- Leverage multiplies losses as well as gains and brings liquidation closer.[2]
- Each vault shows its maximum LTV, its liquidation threshold, and a Safe, Risky or Very Risky health label as you borrow.[1]
Sources
- Using Borrow ↗docs.jup.ag/user-docs/earn/lend/guides/using-borrow
- Multiply ↗docs.jup.ag/user-docs/earn/lend/multiply
Checked against Jupiter's documentation on 26 Sep 2026. Products change; the linked pages are the source of truth.