JLP

Jupiter Perps LP, or JLP, is a liquidity provider token that powers the Jupiter Perpetuals exchange, a decentralized platform for trading leveraged positions on various cryptocurrencies. It's backed by an index fund consisting of tokens like SOL, ETH, WBTC, USDC, and USDT. JLP holders earn a share of the fees generated from trading activities on the platform, which includes opening and closing fees, borrowing fees, and trading fees. These fees are distributed back to holders hourly, offering a yield-generating opportunity。