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24h Spot Volume$ 20.07B+1.75%
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Jupiter Perps LP

Jupiter Perps LP JLP Price $ 2.82

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DeFi

JLP Price

2.82
0.03%
($ 0.000916)
Price Range
LowHigh
$ 2.82$ 2.82

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Description

JLP is liquidity provider token of Jupiter exchange on Solana Network.

Jupiter Perps LP (JLP) Chart

Jupiter Perps LP price Index provides the latest JLP price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

JLP to USD Converter

Jupiter Perps LP (JLP)JLP

JLP Price Statistics

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Market Cap

N/A

Fully diluted value

FDV

$ 20.06M

24 Trade Vol.

$ 9.13M

Total Supply

JLP 7,111,217

Listing Date

23 Nov 2023

All Time High

$ 2.95

3 Jun 2024


All Time Low

$ 1.93

29 Jan 2024


From ATH

4.46%

From ATL

46.4%

What is Jupiter Perps LP (JLP)?

JLP, or the Liquidity Provider token, represents a meticulously constructed index of assets designed for swaps and leverage trading. These tokens can be created using any index asset and later redeemed for any index asset.

Liquidity providers serve a crucial role as they act as counterparty to traders. When traders seek to open leverage positions, they borrow tokens from the pool. Liquidity providers, in return, earn fees from these leverage trading activities, along with borrowing fees and earnings from swaps. As a JLP holder, you receive 70% of the fees generated by the trading exchange. This amount is directly reinvested into the JLP, increasing the price of JLP, facilitating continuous compounding of yield and earnings. The exchange generates fees and yield in three ways:

  • Opening and Closing Fees of Positions

  • Borrowing Fees of Positions

  • Trading Fees of the Pool

The fees are being compounded into the pool hourly.

Jupiter Perps LP Price Today

Jupiter Perps LP's current price is $ 2.82, it has increased +0.03% over the past 24 hours.

Jupiter Perps LP's All Time High (ATH) of $ 2.95 was reached on 3 Jun 2024, and is currently -4.46% down.

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