Jupiter Lend vs mStable

Jupiter Lend4.0/5

VS

mStable3.2/5

Feature	Jupiter LendVisit	mStableVisit
Ratings
Our score	4.0/5	3.2/5
User rating	No reviews yet	No reviews yet
Security & track record	4.5	3.0
Rates	4.0	4.0
Market depth	3.5	2.5
Ease of use	4.5	3.5
Decentralization	3.5	3.0
Specs
KYC required	No	No
Lending model	Pooled	Pooled
Chains	Solana	Ethereum
Main collateral assets	Not disclosed	sUSDe, USDe, mAPOLLO
Permissionless markets	Not disclosed	No
Audited	Yes	Yes
Governance token	JUP	MTA
Isolated markets	Not disclosed	No
Real-world-asset collateral	Not disclosed	Yes
Own stablecoin	Not disclosed	No
Rates	Variable	Variable
Company
Founded	2025	—
Headquarters	—	—
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Over $1B in total value locked across Solana lending markets Security reviewed by Certora, OtterSec, Neodyme, and Code4rena Requires no KYC or account registration to lend or borrow Native mobile app integration allows managing positions on smartphones	Audited by Sherlock, iosiro, and Trust Security Automates complex multi-protocol yield loops without manual rollovers Requires no KYC or account registration to deposit Rapidly cut exposure during the June 2026 apxUSD depeg incident
Cons	Restricted exclusively to the Solana blockchain ecosystem Variable borrowing rates can spike sharply during periods of high utilization Borrowers risk automated liquidation if collateral asset values decline	Restricted solely to Ethereum mainnet with no layer-2 support Exposure to cascading smart contract risks across Ethena, Aave, and Pendle Vulnerable to synthetic dollar and stablecoin depeg events Total value locked is modest at about $4.8M in October 2026
Best for	Solana DeFi yield depositors, Traders borrowing against crypto collateral, Mobile users seeking onchain lending	Passive stablecoin yield earners, Ethereum mainnet DeFi users, Investors seeking hands-off Pendle PT compounding

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

More comparisons