There’s been another stir in the Solana ecosystem recently. Jupiter Lend has come under scrutiny from the community due to controversies surrounding its risk disclosures.
Samyak Jain, co-founder of Fluid, personally admitted that their treasury indeed engaged in rehypothecation, and that "the isolation is not complete"—which is a pretty unsettling thing to hear. The problem is, Jupiter had previously made firm claims about having "no risk contagion."
Over at Kamino, co-founder Marius fired back directly: What kind of risk isolation is this? Users are still fully exposed to asset risks. As for one-click migration? Kamino said they’re unable to help; users would have to exit manually. However, Marius left the door open: if in the future, migration tools can achieve two-way compatibility and clearly explain the risks, they’ll consider lifting the restriction.
This serves as a reminder that risk disclosure in DeFi protocols is no joke.
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CryptoPhoenix
· 2h ago
The key to rebirth is recognizing risks. Jupiter's recent statements backfiring is honestly pretty upsetting.
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Yet another test of faith—remember, it's when you're losing money that you most need to stay clear-headed. DeFi teaches us life lessons this way.
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Marius coming out with this direct criticism—what does it mean? Internal competition in the ecosystem is also a form of progress; it's better than underhanded tactics.
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Incomplete isolation of repeated staking? Bro, I survived a 50% drawdown in 2018; this little turmoil is nothing.
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Vague risk disclosures—doesn't this just set the stage for the next crash? Everyone, be careful.
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Opportunities often hide in chaos, but first you have to survive the cycle. Stay calm and observe during the bottom range.
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Judging by Kamino's attitude, even the ecosystem itself is starting to falter. Is this true value returning or a danger sign?
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Don't panic. It takes time for emotions to recover—be patient and you'll see who's really swimming naked.
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MetaverseLandlady
· 8h ago
Uh... Jupiter is up to some tricks again?
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Repeated staking but "isolation isn't thorough," isn't this just slapping yourself in the face?
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Marius really went hard with this move, completely exposing everything.
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They promised no risk of contagion, but now risks are everywhere, hilarious.
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Not even providing one-click migration? That's ruthless.
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That's DeFi for you—risk disclosure relies entirely on self-awareness. Users are on their own.
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Why is the Solana ecosystem so lively these days? One blowup after another and constant drama.
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Isolation isn't thorough? Then it's not isolation at all, stop pretending.
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Manual withdrawal is wild. The protocol team is really playing users.
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Looks like I have to watch closely myself. Just take what these project teams say with a grain of salt.
View OriginalReply0
ExpectationFarmer
· 22h ago
Another day, another DeFi "surprise." Jupiter really crashed hard this time...
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Repeated staking? Incomplete isolation? Isn't this just another way to fleece retail investors...
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Marius really said what everyone's thinking—finally, someone dares to call it out. Just manually exit as a user? What a joke, serves people right for getting screwed.
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There really should be mandatory audits for risk disclosures so we don't have to deal with blowups every day.
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Wait, Jupiter hid even this? The harder they hype, the harder they fall, haha.
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Bi-directional compatibility, clear risk disclosure... sounds nice, but the real question is whether they're actually willing to do it.
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With these moves in the Solana ecosystem, something just feels off everywhere.
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So the core issue is still the information gap, right? The big players exit early, and retail investors are left holding the bag.
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If repeated staking can be done in broad daylight, who knows what shady stuff is going on behind the scenes?
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Same old excuses, and there will be a next time. DeFi is always like this.
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ContractFreelancer
· 22h ago
Another “risk-free” myth shattered, LOL. Jupiter really dropped the ball this time.
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Fluid admitted to double pledging themselves, this so-called “isolation” is a joke. Users took a huge loss.
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Wait, what about the “risk-free contagion” they hyped up before? Now they’re saying the isolation isn’t complete?
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Marius really hit the nail on the head—there’s no escaping the risk exposure. That’s the real truth.
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That’s DeFi for you. Hardly anyone does proper disclosures; most just shift the blame after the fact.
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They can’t even get one-click migration right—pretty sloppy move.
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No wonder the community is so upset. Jupiter’s transparency really is questionable.
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They dared to secretly do double pledging—just speechless. Where’s the risk awareness?
View OriginalReply0
DeFi_Dad_Jokes
· 22h ago
Same old trick again—swearing up and down about isolation, then turning around and rehypothecating. Unbelievable.
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Jupiter: We’re risk-free! Marius: Are you kidding me?
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Incomplete isolation = no isolation, it’s that simple.
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You don’t even dare to offer one-click migration? Then why should I trust you at all?
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Risk disclosure is always the biggest pitfall, every single time.
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The Solana ecosystem is just one drama after another, I’m getting numb to it.
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How can rehypothecation still be called “isolation”? That term’s been completely abused.
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Wait, so this means users were supposed to lose from the start? Then why should I even be here?
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Kamino just called it out directly this time—refreshing.
View OriginalReply0
NoStopLossNut
· 22h ago
Here we go again. The isolation isn’t thorough, yet they still dare to claim it’s risk-free—ridiculous.
View OriginalReply0
ForkThisDAO
· 23h ago
Another "risk-free" lie has been exposed, these Solana projects are really something.
Jupiter claims their isolation is solid, but then turns around and does repeat staking—what a joke.
Kamino had a great response, hitting the nail on the head. Users have to manually exit—what's up with that?
No one in DeFi has ever truly been transparent about risk disclosures, it's all selective memory.
Looks like I have to manage my own assets and not count on these protocols.
There’s been another stir in the Solana ecosystem recently. Jupiter Lend has come under scrutiny from the community due to controversies surrounding its risk disclosures.
Samyak Jain, co-founder of Fluid, personally admitted that their treasury indeed engaged in rehypothecation, and that "the isolation is not complete"—which is a pretty unsettling thing to hear. The problem is, Jupiter had previously made firm claims about having "no risk contagion."
Over at Kamino, co-founder Marius fired back directly: What kind of risk isolation is this? Users are still fully exposed to asset risks. As for one-click migration? Kamino said they’re unable to help; users would have to exit manually. However, Marius left the door open: if in the future, migration tools can achieve two-way compatibility and clearly explain the risks, they’ll consider lifting the restriction.
This serves as a reminder that risk disclosure in DeFi protocols is no joke.