JLP: Liquidity provider token earns from swaps and leverage trading.
JLP tokens provide liquidity for swaps and leverage trading, earning fees from trading activities and reinvesting them for yield.
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What is Jupiter Perps LP (JLP)?
JLP, the Liquidity Provider token, is a carefully built index of assets used for swaps and leveraged trading. It can be created using any index asset and redeemed for any other. Liquidity providers are essential as they are the counterparty to traders, lending tokens for leveraged positions. In return, they earn fees from trading, borrowing, and swaps. JLP holders receive 70% of exchange fees, reinvested to increase JLP's price, compounding yield. The exchange generates revenue from position opening/closing fees, borrowing fees, and pool trading fees.
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Jupiter Perps LP price live information
As of now, Jupiter Perps LP is trading at 3.921592 USD, with a 24-hour trading volume of approximately 0 USD. The JLP to USD price is updated in real time. Over the past 24 hours, Jupiter Perps LP has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 54.95M USD. Currently, there are 14 012 242 JLP in circulation out of a maximum supply of 14 012 242 JLP.
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