Jupiter Perpetuals Liquidity Provider Token JLP Price

What is Jupiter Perpetuals Liquidity Provider Token (JLP)?

Jupiter Perpetuals Liquidity Provider Token ($JLP) is a unique asset on the Solana blockchain, designed to support the Jupiter Perpetuals exchange, a decentralized platform for leveraged trading. JLP represents a stake in the Jupiter Liquidity Provider Pool, which holds a diversified mix of assets like SOL, ETH, WBTC, USDC, and USDT. 

Traders borrow from this pool to open leveraged positions, paying fees that are redistributed to JLP holders, offering passive income potential. Unlike traditional automated market maker (AMM) pools, JLP avoids impermanent loss, as its structure isn’t tied to price ratios between paired assets. 

Fees from trading activities—such as opening, closing, and borrowing—are reinvested into the pool, often leading to price appreciation of the JLP token. This makes JLP a compelling option for those seeking to earn yields in DeFi while contributing liquidity to a high-volume trading ecosystem.

What is unique about Jupiter Perpetuals Liquidity Provider Token (JLP)?

$JLP is a Solana-based token that earns trading fees from Jupiter’s perpetuals exchange, backed by a diversified pool of assets (SOL, ETH, WBTC, USDC, USDT) and avoids impermanent loss, unlike typical AMM pools.

Who are the founders of Jupiter Perpetuals Liquidity Provider Token (JLP)?

The founder of Jupiter Perpetuals Liquidity Provider Token is pseudonymous, known as Meow, who leads the Jupiter Exchange team.

Who are the backers/investors of Jupiter Perpetuals Liquidity Provider Token (JLP)?

The backers of Jupiter Perpetuals Liquidity Provider Token are not explicitly disclosed, as the project operates in a decentralized manner without named institutional investors in public records.

Where can I buy Jupiter Perpetuals Liquidity Provider Token (JLP)?

 XT.COM, Orca