Jupiter DEX

Getting Started

**Jupiter DEX** (also called Jupiter Swap or Jupiter Exchange) is Solana’s premier decentralized exchange aggregator. It scans multiple underlying DEXs and liquidity pools to find optimal routes for token swaps. Visit the official Jupiter site. Jupiter also supports perpetual trading (Perps) and is launching a lending module via **Jupiter Lend / JLP Loans**. :contentReference[oaicite:0]{index=0}

1. Open the web interface: jup.ag.
2. Connect your Solana wallet (e.g. Phantom, Solflare, Ledger).
3. Ensure you hold some SOL for gas and token pairs you want to trade.
4. Choose between Swap (spot), Perps, or Lending modules (if enabled).

Why Use Jupiter DEX?

• Smart Routing & Aggregation: Jupiter finds the best trade paths across Solana DEXs. :contentReference[oaicite:1]{index=1}
• Low Fees & Fast Execution: Solana’s speed allows swaps in under a second at minimal cost. :contentReference[oaicite:2]{index=2}
• Versatility: Supports spot swaps, perpetuals, and now lending via JLP Loans. :contentReference[oaicite:3]{index=3}
• High LTV Lending: Jupiter Lend private beta allows borrowing up to 95% Loan-to-Value (LTV). :contentReference[oaicite:4]{index=4}
• No Custody Risk: You keep control of your wallet and assets; Jupiter only facilitates execution. :contentReference[oaicite:5]{index=5}

Step‑by‑Step Guide

Spot / Swap

1. Connect wallet via “Connect” on Jupiter’s UI.
2. Switch to “Swap” tab.
3. Choose input and output tokens, and amount.
4. View routing paths and slippage.
5. Approve the transaction via your wallet to execute swap.

Perpetuals (Perps)

1. Open the “Perps / Perpetuals” tab. :contentReference[oaicite:6]{index=6}
2. Select a market (e.g. SOL, ETH, wBTC).
3. Define leverage, collateral, position size.
4. Open position, and monitor funding, margin, and liquidation thresholds. :contentReference[oaicite:7]{index=7}

Lending / Borrowing (JLP Loans)

In Jupiter’s new lending module, you can use JLP tokens as collateral to borrow USDC. :contentReference[oaicite:8]{index=8}

1. Deposit JLP tokens into the lending vault.
2. Borrow USDC up to allowed loan-to-value (e.g. 86–95%). :contentReference[oaicite:9]{index=9}
3. Repay debt plus interest to reclaim your JLP collateral.
4. Lending interest accrues; liquidations happen if your LTV exceeds threshold. :contentReference[oaicite:10]{index=10}

Security Best Practices

• Always access the official domain (jup.ag). Avoid phishing clones. :contentReference[oaicite:11]{index=11}
• Never share your private key or seed phrase.
• Double-check contract addresses before approving transactions.
• Use hardware wallets for high-value trades.
• Start with small amounts when using newer features like Perps or Lending.
• Be aware of timeout or failed transactions; some users have reported issues on Perps under heavy load. :contentReference[oaicite:12]{index=12}

Advanced Features

• JLP Pool Mechanism: JLP (Jupiter Perps LP) is used as the liquidity engine for derivatives, allowing traders to borrow from it. :contentReference[oaicite:13]{index=13}
• Fee Reductions & Upgrades: Recent updates cut linear price impact fees by ~60% and increased position caps. :contentReference[oaicite:14]{index=14}
• Dynamic Borrow & Interest Model: Jupiter Lend uses variable interest and an advanced liquidation engine. :contentReference[oaicite:15]{index=15}
• Split Routing & MEV Protection: Jupiter can break large orders into parts to reduce slippage and avoid MEV attacks. :contentReference[oaicite:16]{index=16}
• Governance & JUP Token: Holders of JUP vote on protocol governance and future development. :contentReference[oaicite:17]{index=17}

Conclusion

Jupiter DEX (Jupiter Swap / Jupiter Exchange) is more than just a token router: it’s turning into a full DeFi hub on Solana, combining spot swaps, perpetuals, and a pioneering lending layer (JLP Loans). With smart routing, low fees, evolving features like high‑LTV borrowing, and consistent upgrades, it’s an attractive protocol to watch and use. That said, newer modules like Perps and Lending carry extra risk—so always test with small amounts, verify transaction details, and use secure wallets. Start your journey at jup.ag and explore the power of Jupiter DEX responsibly.