Jupiter Liquidity Provider Token

Jupiter's JLP Pool provides liquidity for perpetuals trading by acting as a counterparty to traders, lending tokens from the pool to enable leveraged positions. The JLP token represents a share of this pool and derives its value from an index fund of SOL, ETH, WBTC, USDC, and JupUSD. About 75% of the perps trading fees (including opening/closing fees, price impact, borrowing fees, and trading fees) are allocated to the pool, with the APY calculated in USD from those fees and distributed to JLP holders hourly; users can deposit SOL to mint JLP.

AI named Jupiter Liquidity Provider Token from July 2026 to September 2026.