The Jupiter Liquidity Provider (JLP) Pool is a liquidity pool that acts as a counterparty to traders on Jupiter Perps. Traders borrow tokens from the pool to open leveraged positions on the Jupiter Perpetuals exchange.
The JLP token derives its value from:
- An index fund of SOL, ETH, WBTC, USDC.
- Trader's profit and loss.
- 75% of the generated fees from opening and closing fees, price impact, borrowing fees, and trading fees of the pool.
You can view the APY and Performance of JLP, here.