Jupiter has whitelisted Kiln as a partner validator available for jupSOL, Jupiter's liquid staking token on Solana.
This allows jupSOL holders to direct their underlying SOL delegation to a Kiln validator while continuing to use jupSOL across Solana DeFi. Holders can either maintain the standard liquid staking position or use jupSOL in Jupiter's DeFi markets to increase their position or yield, with additional risk.
Kiln currently has around $617 million of SOL delegated to its validators, representing roughly 1.6% of all staked SOL. If you want to learn more about Kiln SOL's latest performance, check out our reports.
How it works
jupSOL is a liquid staking token. Users deposit SOL and instantly mint jupSOL, which constantly accrues staking rewards over time and gains in value relative to SOL. Because jupSOL is a standard SPL token, it can be held, transferred, lent, or used as collateral across Solana DeFi while continuing to earn staking yield.
Users can also easily convert existing natively staked positions to jupSOL without waiting an unbonding period.
There is no separate bonding period or lock-up associated with holding jupSOL.
With Kiln now available in Jupiter's validator set, eligible jupSOL holders can direct their delegation to a Kiln validator. The holder identifies the wallet holding the jupSOL to Kiln/Jupiter and the stake will be allocated accordingly. The delegation is verified and re-confirmed each epoch, meaning the holder does not need to manually redelegate their position.
Two ways to us jupSOL
1. Simply Hold jupSOL
Users can mint jupSOL with SOL or acquire it through Jupiter swaps and direct their delegation to Kiln.
The position earns the base jupSOL staking rate, currently around 5.8%, while retaining the liquidity and composability of jupSOL across Solana. This method is best for users that want to earn basic staking yield while retaining liquidity for their SOL.
LST’s like jupSOL can also offer tax advantages relative to native staking as the token is non-rebasing meaning the staking rewards accrue to the token’s value rather than the user continuously receiving additional SOL.
2. Use jupSOL in Jupiter's lending markets
jupSOL can also be deposited into Jupiter's lending infrastructure and used as collateral to borrow SOL or stablecoins.
Using Jupiter’s jupSOL/SOL looping strategy allows the potential to earn boosted yield much higher than the native staking rate. Depending on the amount borrowed and the leverage used, this can increase the potential yield up to 10+% apy with minimal additional risk depending on SOL borrow rates at the time of calculation.
Borrowing stablecoins/SOL can also allow users to create levered long positions or hedge price action if they want to take a directional bet on the price of SOL. Borrowing against your jupSOL also introduces additional risks, including leverage, swap costs, variable borrowing rates, and liquidation risk.
Leveraged positions are intended for advanced users who understand the risks and are comfortable actively managing these positions.
Contact the Kiln team at support@kiln.fi to learn more about this setup.
About Jupiter
Jupiter is an onchain financial platform built on Solana. Its products enable users to swap tokens, lend/ borrow assets, trade perpetuals, stake SOL, and manage their DeFi positions in one place.
About Kiln
Kiln is a yield management platform. As of 2025, Kiln had over $18 billion in assets delegated across 25+ PoS networks.
Kiln provides services to industry leaders and offers a suite of yield products with real-time reporting tools. The platform enables custodians, wallets, and asset managers to streamline onchain operations. Kiln has completed a SOC 2 Type II examination.
Staking Risks
Staking involves risks in addition to changes in the market value of SOL, including validator and operational risk, protocol and technology risk, reward-rate variability, fees, and delays associated with activation or unstaking. Staking rewards are not guaranteed and may not offset losses from declines in the value of SOL.
jupSOL rates are indicative, sourced from Jupiter in July 2026, and are not guaranteed. Kiln SOL data from the Kiln SOL staking report, August 2026. Past performance is not indicative of future returns. Not investment advice.
About Kiln
Kiln is the leading staking and digital asset rewards management platform, enabling institutional customers to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Kiln runs validators on all major PoS blockchains, with over $11 billion in crypto assets being programmatically staked and running over 5% of the Ethereum network on a multi-client, multi-cloud, and multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators and reporting and commission management, enabling custodians, wallets, and exchanges to streamline staking or DeFi operations across providers. Kiln is SOC2 Type 2 certified.
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