Jupiter Earn retires JUICED Loop in final week of September

Jupiter Earn is pulling the plug on its JUICED Loop product, and anyone still running an active position has a tight deadline to get out cleanly. The wind-down follows a phased schedule that began with a cap on borrow limits, continues with the end of JUICED-specific incentives, and finishes with a fee magnifier applied in the final week of September designed to make staying in the loop more expensive than leaving it. The announcement came on September 3, 2026, giving users roughly four weeks to unwind positions before the economics turn punitive. Jupiter framed the change as a product adjustment, without offering detailed public reasoning for the decision. What the JUICED Loop actually was To understand what’s being retired, it helps to understand the underlying mechanic. The JUICED token, also called JL Token, is a tokenized representation of user deposits in Jupiter Earn’s JupUSD vaults. Think of it like a receipt that also pays interest: hold it, and you earn yield from two sources simultaneously, lending and borrowing activity on Jupiter Lend, and T-bill returns generated by the reserves backing JupUSD. Those reserves are primarily channeled through Ethena-linked products, spe...