Jupiter began as a DEX aggregator and has grown into a full suite of financial products, including spot swaps, perpetuals, pro-trading, lending, limit orders, DCA, stablecoins, and prediction market. Governance is handled by the Jupiter DAO through the native JUP token, giving holders a direct say in the platform's direction.

Jupiter was founded in October 2021 by Meow and Siong, with a focus on solving liquidity fragmentation on Solana. From its origins as a swap aggregator, the platform has expanded into a multi-product onchain finance hub spanning trading, derivatives, lending, token launches, prediction market, and stablecoins.

Yes, Jupiter runs an Active Staking Rewards (ASR) program, which rewards participants for their staking their JUP

• You can stake the native token, JUP.
• Staking lets you vote on proposals that shape the long-term direction of the Jupiter ecosystem.
• Rewards: JUP Stakers receive Active Staking Rewards every quarter, which includes a share of 50M JUP, automatically staked at the time of claim.

Jupiter Exchange suffered a notable incident on February 6, 2025, where their social media account on X was hacked. The compromise led to the promotion of fake memecoins like $MEOW and $DCOIN, causing market disruption. Despite these activities, Jupiter Exchange confirmed that no customer assets were at risk due to their security measures involving multisignature wallets. Although the incident resulted in a temporary drop in the JUP token's value and market disruption, it did not involve any direct loss of funds from the platform itself. Jupiter reimbursed affected users and regained control of the account.

Security is treated as a first-order priority across Jupiter's protocols, with multiple independent layers of defense.

• Non-custodial by design: Operations execute directly from the user's own wallet. Jupiter never holds user funds.
• Independent audits: Jupiter's core programs (Swap, Perpetuals, Lend, Limit Order, Lock, and DAO) have been audited multiple times by reputable firms including Offside Labs, OtterSec, Sec3, Mixbytes, and Zenith. Jupiter Lend alone has undergone seven independent audits across its lending, vault, liquidity, oracle, and flashloan components. The full list of reports is published at developers.jup.ag/docs/resources/audits.
• Formal verification: Jupiter Lend has been formally verified by Certora.
• Multisig controls with timelock: Protocol governance, upgrades, and fund movements are secured by multiple multisig wallets, each scoped to a specific function.
• The Jupiter Lend upgrade multisig is timelocked, meaning any protocol upgrade is publicly visible onchain before it can execute.
• Risk and liquidation logic on Jupiter Lend draws from multiple independent oracle providers (Chainlink, Pyth, RedStone) for resilience against single points of failure.
• Jupiter runs an active bug bounty program on OOOSec, where independent security researchers can report vulnerabilities for rewards: ooosec.com/programs/jupiter.
• On-chain transparency. Audits, multisig addresses, formal verification reports, and live protocol metrics are publicly verifiable on the Jupiter Lend transparency page: jup.ag/lend/transparency

Here is the list of audits for the Jupiter project, presented in chronological order from the most recent:

• Offside Labs for DAO systems (March 2024)
• Offside Labs for Limit Order systems (April 2024)
• Offside Labs for Swap systems (April 2024)
• Offside Labs for Perpetuals (February 2024)
• OtterSec for Perpetual systems
• Sec3 for Perpetual systems
• OtterSec for the Lock system
• [2025] Jupiter Lend: Ottersec, Zenith, Offside Labs, Mixbytes

Full List: https://developers.jup.ag/docs/resources/audits