Jupiter Lend’s $414 million USDC vault has almost nothing free to withdraw

Jupiter Lend's $414 million USDC vault has almost no liquidity available for withdrawals, with the protocol blaming broader market conditions. Jupiter says cash will free up as loans are repaid or new deposits arrive, but it has given no timeline. Traders should watch for contagion risk and whether the locked liquidity pressures USDC lending markets or Jupiter's reputation.