Jupiter is retiring its JUICED Loop leveraged-yield strategy through a three-step wind-down announced on September 16. Borrow limits have already been reduced to prevent new looping positions, JUICED incentives will end, and a fee magnifier will apply to positions that remain open in the final week of September. Only users with active loops need to act. A withdrawal fully unwinds a position in one transaction through a flashloan that repays outstanding debt and returns the remaining net value. The JUICED token and JupUSD Earn Vaults are not being retired. JUICED represents deposits in the Jupiter Lend Earn protocol and generates yield from JupUSD utilisation and Treasury-bill income from reserves including Ethena's USDtb and USDC. The strategy used maximum leverage by borrowing USDC or USDT against JUICED and redepositing the proceeds. Jupiter has not provided a reason for the retirement. The move follows Jupiter Lend v2's August 2026 launch, when the platform held about $1.9 billion in deposits and $822.7 million in active loans.