Jupiter Lend Under Fire for Deceptive Risk Assertions

Jupiter Lend's Risk Claims: Jupiter Lend's COO, Kash Dhanda, acknowledged inaccuracies in previous claims of "zero contagion risk," which has raised trust issues within the DeFi community and highlighted the need for better risk management and transparency.

Kamino Finance's Response: Kamino Finance blocked Jupiter Lend's migration tool due to concerns over misleading risk models, indicating a trend of DeFi protocols self-regulating and scrutinizing each other's risk communications.

Market Impact: The incident has sparked discussions about potential regulatory scrutiny in the DeFi sector, as miscommunication regarding contagion risk could lead to tighter regulations and influence future risk assessments across similar platforms.

Current Market Status: Solana's price is currently at $135.37, with a market cap of $75.89 billion, reflecting significant volatility with a recent 24-hour increase of 2.29% but a 90-day decline of 37.19%.