Jupiter launches Vaults beta on Solana with external yield managers
Jupiter has rolled out its Vaults product in beta on Solana, letting third-party managers including Bitwise, Re7 Labs, K3 Capital, and Hivemind Capital operate yield strategies for depositors.
Jupiter has launched Jupiter Vaults in beta on the Solana network, introducing an architecture where third-party managers direct yield strategies on behalf of depositors. According to reports from BSC News and trader Scott Melker, the external managers involved include Bitwise, Re7 Labs, K3 Capital, and Hivemind Capital.[2][1]
One of the initial strategies is managed by Re7 Labs and operates on Plume Network, BSC News reported. That vault generates yield through nOPAL, a Plume-native vault token backed by unsettled Brazilian credit card receivables. BSC News noted that Bitwise, K3 Capital, and Hivemind Capital oversee the other vaults.[2]
In a separate report, Crypto Briefing stated that Jupiter Vaults Beta launched with three yield strategies curated by Bitwise targeting stablecoins. Crypto Briefing noted that the launch could influence DeFi participation and token utility, while also drawing attention to potential security risks.[3]
Key facts
- Jupiter launched Vaults in beta on the Solana blockchain.
- Outside managers run the yield strategies for depositors in Jupiter Vaults.
- Managers curating or running vaults include Bitwise, Re7 Labs, K3 Capital, and Hivemind Capital.
- Re7 Labs manages a Jupiter Vaults strategy on Plume Network backed by short-term Brazilian credit card receivables through the nOPAL token.
- Crypto Briefing reported that Vaults Beta includes three Bitwise-curated stablecoin yield strategies.
- Crypto Briefing noted the rollout could influence DeFi participation and token utility while highlighting security risks.
Sources · 3 sources
- TW
The Wolf Of All Streets@scottmelkerPost on X ·
JUPITER $JUP LAUNCHES VAULTS IN BETA ON SOLANA $SOL, WITH YIELD STRATEGIES CURATED BY BITWISE, RE7 LABS, K3 CAPITAL AND HIVEMIND https://t.co/CwJWeXPZTp
Open source - BS
BSCN@BSCNewsPost on X ·
Plume’s real-world yield is now inside Jupiter’s new vaults on Solana @JupiterExchange has launched Jupiter Vaults in beta on @solana, where outside managers run yield strategies for depositors. One of those strategies runs on @plumenetwork. It is managed by @Re7Labs and earns from nOPAL, a plume:native vault token backed by short-term Brazilian credit card receivables. Those are card payments that still have to be settled. @Bitwise, @k3_capital, and @HivemindCap run the other vaults.
Open source - CB
Crypto BriefingArticle ·
Jupiter launches Vaults Beta with three Bitwise-curated yield strategies Jupiter's Vaults Beta could redefine stablecoin yield strategies, impacting DeFi participation and token utility while highlighting security risks. The post Jupiter launches Vaults Beta with three Bitwise-curated yield strategies appeared first on Crypto Briefing .
Open source