Jupiter on X confirmed it was not affected by the Drift security incident. Jupiter Lend is not related to the Drift market, and JLP is fully backed by underlying assets. Drift Protocol suffered a security incident, with losses totaling between $200 million and $270 million, half of which was stolen JLP assets.

Gate News message, April 1, the DeFi protocol Spark announced that its lending platform SparkLend has added support for wBTC (Wrapped Bitcoin, a tokenized form of Bitcoin on Ethereum) as collateral. Users can now use wBTC to borrow and lend on the SparkLend platform.

Sam Bankman-Fried's parents accepted a CNN interview, arguing that his conviction was unjust and claiming that FTX customer funds have been fully repaid. The FTX Recovery Trust will conduct a fourth distribution of approximately $2.2 billion. Despite the repayments, FTX creditor representatives stated they have not received full compensation, Joseph Bankman's actions contradicted the regulatory framework, and the family hopes Trump will lend a hand.

Gate News Alert: On March 21, lending protocol Jupiter Lend launched JLP/JupUSD and JUICED/USDT vaults. The JLP/JupUSD vault offers a maximum annual percentage yield (APY) of 37.5%, while the JUICED/USDT vault offers a maximum APY of 12.3%.

SBI VC Trade launches USDC lending service for retail users in Japan, allowing users to earn interest by lending USDC to the platform with a maximum limit of 5,000 USDC per application. This service carries counterparty risk, as SBI may re-lend the borrowed USDC.

Gate News, on March 18, Jupiter Wallet announced the launch of Auto Earn feature. This feature allows users to set a trigger amount (minimum $10). When the wallet balance reaches the set threshold, the system will automatically deposit tokens into the Jup Lend protocol. This process requires no gas fees from users, and idle tokens can automatically generate yields.

Gate News reported that on March 15, Scallop Lend completed a comprehensive formal verification conducted by Asymptotic (Mysten Labs' official audit partner). The verification confirmed the mathematical correctness of the protocol's core mechanisms, including critical modules such as core accounting logic, liquidation calculations, access control, and fixed-point arithmetic operations.

The entire chain Rollup L1 network Initia launches its native stablecoin iUSD, supported by Agora's AUSD, and cross-chain via LayerZero. The revenue from iUSD will flow back into the ecosystem, allowing users to provide liquidity on DEX and lend or deposit into the treasury.

Odaily Planet Daily reports that DeFi-native broker Project 0 is about to launch Project 0 Pay, offering users a way to repay credit card debt using the liquidity of their crypto portfolios without selling assets or interrupting income generation. This new feature essentially tracks users' expenses to provide monthly reports and calculates borrowing transactions against their portfolios. If approved, these transactions will cover the expenses for the period without liquidating their holdings. (The Block)

The Arizona State Senate advances SB 1649, proposing the establishment of a "Digital Asset Strategic Reserve Fund" managed by the State Treasurer's Office, allowing the state treasurer to invest and lend seized digital assets. The bill has passed multiple committees, explicitly listing Bitcoin and other digital assets as qualified assets and setting a benchmark threshold. The bill emphasizes that it will not increase the state's fiscal risk.