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Jupiter has introduced a new lending protocol designed to expand borrowing and lending across a broader range of on-chain assets.
The project, called Jupiter Offerbook, enables users to create peer-to-peer loans using nearly any type of Solana-based asset as collateral, including tokens, NFTs, and tokenized real-world assets.
The protocol is currently opening a private beta as the team begins onboarding early users.
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A Lending Market for More Than Tokens
Most decentralized lending platforms today focus primarily on major crypto assets such as SOL, ETH, or stablecoins. Smaller tokens, NFTs, and other on-chain assets often remain difficult to use as collateral in lending markets.
Jupiter said Offerbook is designed to address that gap by allowing lenders and borrowers to negotiate loan terms directly rather than relying on standardized lending pools.
Under the model, both parties define the structure of a loan, including the collateral used, loan size, interest rate, and repayment timeline.
The result is a fixed-term loan agreement that resembles traditional over-the-counter credit markets more than automated DeFi lending pools.
Fixed-Term Loans Without Liquidations
One of the defining features of Offerbook is its time-based loan structure.
Unlike many decentralized lending platforms that trigger liquidations when collateral values fall below required thresholds, Offerbook loans remain active throughout the agreed loan period regardless of price fluctuations.
Collateral is only transferred to the lender if the borrower fails to repay the loan by the end of the term.
The design removes the need for continuous price monitoring and liquidation mechanisms that are common in automated DeFi lending markets.
Private Beta Begins
Jupiter said Offerbook is initially launching through a private beta phase, allowing early participants to test the protocol and provide feedback before broader availability.
The team is currently accepting registrations for the beta through its Offerbook website.
If the venture grows and proves successful, Offerbook could herald a shift toward more flexible credit markets in DeFi, where loan terms are no longer (sometimes brutally) predominantly enforced by automated pool-based systems.
