The Jupiter Liquidity Provider (JLP) Pool is a liquidity pool where it acts as a counterparty to traders — when traders seek to open leverage positions, they borrow tokens from the pool.
The JLP token is the liquidity provider token where it's value is derived from:
The APY, denominated in USD, is calculated based on 70% of fees generated from perps trading activities which does not include assets appreciation and traders PnL. The generated fees are distributed back to holders by redepositing the fees into the pool hourly.
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