Historical bad-debt events
Jupiter's assessment for RD-F-067 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No documented bad debt events on Jupiter Lend (launched 2025) or JLP pool. Drift exploit (April 2026) involved theft of JLP from Drift custody, not a Jupiter bad-debt event. Jupiter confirmed JLP pool fully backed post-Drift. Traders have been net profitable in aggregate in some periods (e.g., $6.85M cumulative gain in a 3-month window) but this has not constituted a socialized-loss event — JLP holders absorb trader P&L as part of the design, not as bad debt.
Sources #
- URL
- Jupiter Confirms JLP Fully Backed Amid Drift Incident (April 2026)Jupiter confirms JLP fully backed — Phemexretrieved 2026-04-29
Methodology #
Count and sum (USD) the number of documented bad-debt events where the protocol socialized losses across depositors.
See the full factor methodology and distribution across all protocols →