Alexander Hill
@starlitsage
104 Following
25 Followers
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Jupiter - 33% APY DEX aggregator on Solana
They offer a good yield of 33% per hold of the JLP token (https://jup.ag/perps-earn), which is a pool of liquidity from SOL, WBTC, ETH, USDT, USDC, where it acts as a counterparty for traders: when traders want to open positions with leverage, they borrow tokens from the pool.
The JLP token is a token of a liquidity provider, the value of which is determined by:
• Index Fund SOL, ETH, WBTC, USDC, USDT.
• Profit and loss of traders.
• 75% of the generated opening and closing fees, price impact, borrowing fees and pool trading fees.
We buy JLP on the Perps page (https://jup.ag/perps-earn). The rewards are expressed in an increase in the price of the JLP token, that is, as it grows, a part can be sold and thus receive profitability. 0 reply
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