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Over the past several days, the exchange between Kamino and Jupiter has escalated from healthy competition to a clear public dispute. The events started on Nov. 27, when Jup Lend introduced a refinancing tool on its frontend to migrate looping positions from Kamino Multiply directly into Jup Lend with a single click. The refinance operation initiated an atomic transaction involving four steps:

Repay outstanding debt on Kamino.

Withdraw the associated collateral.

Transfer these assets to Jupiter Lend.

Recreate the position inside Jupiter Lend, maintaining the same loan amount and… Read more on Blockworks