Dual Stream Liquidity
One deposit, two yields. Supply to a Smart Vault and earn from lending and trading fees at once.
Smart Vaults
Borrow against your assets, keep your upside.
Vaults
Smart Multiply
Loop your assets into a leveraged position.
Loops
Smart Earn
Supply a token pair and earn lending and trading fees. No borrowing, no liquidation.
| Vault | Deposited | Total Supply | ||
|---|---|---|---|---|
FAQs
Your position starts doing double duty. Instead of sitting idle earning only the yield from utilization, it's deposited into Jupiter AMM as paired liquidity — so it earns trading fees from swaps routed through that pair, on top of whatever it already earned. Supplying to a Smart Collateral vault means extra yield. Borrowing from a Smart Debt vault means those fees flow back to offset your interest.
A normal supply position earns one thing: a supply APY. Supplying to a Smart Collateral vault can earn two: the same supply APY plus the asset's own native yield if it has one (an LST's staking rate, for example), and trading fees from the pair it's deposited into.You only need to supply one side of the pair — the vault composes it at the live pool ratio for you.
A normal loan is one-directional — you borrow, and interest accrues against you the whole time. Borrowing from a Smart Debt vault puts your borrowed position to work: it becomes liquidity on Jupiter AMM, and swap fees routed through it come back to reduce what you effectively owe.You can still borrow and repay in a single asset or the exact pair ratio — the mechanics of taking out and repaying the loan don't change, only what happens to the position while it's open.
Yes — the more volume that routes through your Smart Debt vault, the more it offsets your interest. How much varies with trading activity, so it isn't a fixed number, but it's the core reason Smart Debt vaults exist: turning a cost center into something that actively works against itself.
Supplying to or borrowing from a Smart Vault adds AMM-specific exposure on top of normal lending risk:
- Impermanent loss — because your position is paired liquidity, its composition can shift with the pool's price ratio. Smart Vault pairs are correlated assets, which keeps this shift small in normal conditions, but a depeg or sustained divergence between the pair can still move your position's composition.
- Fee variability — fee earnings depend on trading volume relative to the pool's size, and both change over time. A pool with high volume against its TVL can out-earn a larger, quieter one, so returns differ by pair and aren't guaranteed.
- Smart contract risk — Smart Vaults run additional AMM logic on top of the liquidity layer your funds already sit in, which increases the surface area of risk compared with a simple lending position.
No. Smart Vaults are a separate choice you make per position. Supplying or borrowing normally on Jupiter Lend works exactly as it always has — supply and earn a supply APY, borrow and pay interest. Smart Vaults are additional vault types you can choose instead, and they only affect the positions you actually place there.