Jupiter Lend Exits Beta Phase – Reports Zero Bad Debt and 83,000 Users
The protocol concludes its six-month testing period with over $2 million in partner rewards and launches a $107,000 security audit contest.
JUP
Summary
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Terms & Concepts
Bad Debt: Unrecoverable loans in a lending protocol that occur when the value of collateral drops below the borrowed amount and cannot be liquidated in time.
Audit Contest: A competitive security review event where developers and researchers act as auditors to find vulnerabilities in code for rewards.