JLP (Jupiter Liquidity Provider Pool)
DeFi · Shallow
The counterparty liquidity pool backing Jupiter Perpetuals, composed of SOL, ETH, WBTC, USDC, and USDT in target-weighted allocations. JLP holders mint JLP tokens by depositing any of these assets, earning 75% of all perps trading fees (open/close fees, borrowing fees, and liquidation proceeds). The JLP token's value fluctuates based on accrued fees and trader PnL — when traders lose, JLP appreciates, and vice versa. JLP has consistently ranked among the highest real-yield opportunities on Solana.