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Update: the liquidity crunch on Jupiter Lend has now ended.
USDC withdrawals are available again, as liquidity has been replenished, bringing the spike in utilization back down.
USDC withdrawals are available again, as liquidity has been replenished, bringing the spike in utilization back down.
Due to broader market conditions, there is currently a liquidity crunch impacting withdrawals.View quoted post on X
Market conditions will cause users to deposit or repay their loans. As they do so, withdrawals will be able to process again.
This is normal and expected during events like today’s. Liquidity will soon be available again.
The protocol is functioning as expected and all funds are safe.