The Future Of DeFi On Solana | Kash Dhanda & Samyak Jain

Aug 22, 2025

Kash Dhanda, Cat herder at Jupiter, and Samyak Jain, Co-founder of Fluid, dive into the innovative Jupiter Lend, a new BorrowLend product aimed at revolutionizing DeFi on Solana. They discuss the strategic partnership behind this initiative and its aspiring vision for decentralized finance. The duo also explores improving capital efficiency, enhancing user experience, and integrating new technologies to foster a more accessible DeFi landscape. Their insights into the future of DeFi will leave you curious and inspired!

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INSIGHT

Partnership Over Acquisition

Jupiter chose partnership over building or acquisition to access Fluid's seven-plus years of lending expertise.
The decision leaned heavily on trust and complementary strengths between teams.

ANECDOTE

Longstanding Personal Ties Sealed Deal

Samyak recounts meeting Meow years ago when Meow advised Fluid during their seed stage and built long-term trust.
That personal history made the Fluid–Jupiter collaboration informal and fast-moving.

INSIGHT

Auto-Routing And Safer Borrowing

Jupiter Lend auto-routes lender deposits to the highest-yield sources across the protocol to remove active management.
The product also offers isolated pools and superior liquidation mechanics to protect borrowers and increase usable LTVs.

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Gm! This week Kash Dhanda & Samyak Jain join the show to discuss the announcment of Jupiter Lend. We deep dive into Jupiter's partnership with Fluid, the future of DeFi, Jupiter's ultimate vision & more. Enjoy!

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(00:00) Introduction

(02:33) Partnering With Fluid

(08:56) What Is Jupiter Lend?

(11:58) Katana Ad

(12:56) What Is Fluid?

(17:19) Launching Fluid On Solana

(21:39) Partnering vs Acquisition

(26:44) Launching With Liquidity Incentives

(28:02) Katana Ad

(29:00) Jupiter’s Ultimate Vision

(37:31) The Future Of Borrow/Lend

(41:42) The Future Of DeFi

(45:45) The Future Of Perps

(50:49) The Jupiter End Game

(53:33) What’s Next For Fluid?

Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jack, and our guests may hold positions in the companies, funds, or projects discussed.