Jupiter Perpetuals Liquidity Provider Token
JLP
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
- Development: Low public activity with minimal commits, no tagged releases, and an unstructured roadmap, indicating maintenance risks.
- Community: Strong grassroots engagement on Discord and Reddit, though Twitter traction is weak and Telegram underutilized.
- Tokenomics & Use Case: Transparent mint/burn model and direct fee-sharing yield provide attractive APRs, but infinite supply and reliance on perpetuals volume limit price appreciation.
- Team & Governance: Credible leadership and thorough audits counterbalanced by founder anonymity and a paused DAO process, creating centralization concerns.
- Security: Comprehensive multi-audit coverage and an active bug bounty program ensure solid defenses, though mutable SPL authorities introduce residual admin risk.
Overall, JLP delivers compelling yield and seamless exposure to multi-asset perpetual liquidity within Jupiter’s ecosystem, but low development velocity, suspended governance, and competitive derivatives markets pose moderate risks.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Jupiter Perpetuals Liquidity Provider Token (JLP)
Jupiter Perpetuals Liquidity Provider Token (JLP)
Jupiter Perpetuals Liquidity Provider Token (JLP) is an SPL-standard token on the Solana blockchain that represents a share of liquidity provision in the Jupiter Perpetuals protocol, a decentralized derivatives trading platform. JLP holders participate in trading fee distributions, liquidity mining incentives, and governance mechanisms without the need to manage multiple positions across perpetual markets.
Token Details
- Name: Jupiter Perpetuals Liquidity Provider Token
- Symbol: JLP
- Standard: SPL-20 (Solana Program Library)
- Network: Solana
Key Features
- Tokenized Liquidity: Single-asset representation for multi-market perpetual liquidity pools.
- Fee Sharing: Automated distribution of protocol trading fees to JLP holders.
- Yield Optimization: Integrated with liquidity mining and yield-compounding strategies.
- Governance Participation: Voting rights for community proposals and protocol upgrades (where applicable).
- Cross-Market Access: Unified exposure to diverse perpetual derivatives markets.
Use Cases
- Decentralized Liquidity Provision: Supply collateral to perpetual markets via a single token.
- Simplified Position Management: Manage liquidity across multiple markets without individual LP tokens.
- Governance Engagement: Participate in protocol decisions through JLP-based voting rights.
Resources
- Official Website: https://jup.ag/perp
- Documentation: https://docs.jup.ag/perp
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