Liquid

Liquid (https://liquid.rain.fi/) is a feature that allows users to stake $JUP and receive stJUP, a liquid staking token that can be used to borrow loans on Rain.fi. This feature enables users to maintain utility while locking their tokens in staking.

🔁 How It Works

• Users stake their JUP tokens into Liquid.

• In return, they receive stJUP, a non-transferable, non-convertible token.

• stJUP can be used as collateral for borrowing, but cannot be transferred or sold.

🧷 Unstaking

• Unstaking stJUP takes 34 days.

• During the unstake period, users lose voting power.

• Once the unstake completes, the user receives back their JUP.

⚠️ Liquidation Behavior

• If a user's stJUP position is liquidated:

  • The stJUP is sent to the lender wallet automatically and he will need to unstake.

  • It is considered staked, with full voting power restored.

  • The user can then choose to unstake if they wish.

🔒 Restrictions

• Users cannot create pools using stJUP.

• stJUP is non-transferable and cannot be swapped to any other token.