JLP Jupiter Liquidity Providers (LPs) (Patreon)

In continued testing, I am the guinea pig here, I was waiting for the JLP Pool to open up.  It just did.

I staked some SOL to the pool - which means I am providing liquidity for Perp Traders.  The APR is 104.08% as my funds are being used by perp traders to invest. (Sounds too good to be true but let me be the guinea pig here)

Profit and Loss (P&L) Dynamics:

Imagine JLP as a shared pot of money that traders use for trading.

When a trader makes a profit (positive P&L) in trading, they take money out of this shared pot (JLP pool) as their reward.

If a trader loses money (negative P&L), they add money to the shared pot.

So, the value of the JLP pool changes based on how well the traders are doing. If they mostly profit, the pool loses value; if they mostly lose, the pool gains value.

There are risks:

For every 100 SOL Staked I got 4540 JLP per 100 SOL.  SOL was trading at $73.63 at the time.

I also plan on trying to trade on margin using JUP and IADSS.

If it all works out, this platform is like a dream come true for me.

None of this is financial advice.... just sharing my continued SOL Ecosystem experiment.