What it is
Trade SOL, ETH and wBTC with high leverage against the JLP liquidity pool, priced by oracles. Newer markets run on a beta order book. JLP holders take the other side and earn the fees.
What you can do
Pool perpsSOL, ETH and wBTC up to 250x against JLP.
Beta order bookNewer markets such as HYPE, ZEC and equity names at lower leverage.
JLPProvide liquidity and earn trading and borrow fees.
How to get started
- Deposit SOL or USDC as collateral.
- Pick long or short and set leverage. Start low.
- Set a stop loss and take profit before you walk away.
Fees
0.06% to open and 0.06% to close, plus price impact and an hourly borrow fee.
Risks to know
- High leverage liquidates on small moves.
- Borrow fees accrue every hour you hold.
- JLP holders lose when traders win.
- Smart contracts can have bugs. Only deposit what you can afford to lose, and check you're on jup.ag before connecting.
Numbers from DefiLlama, snapshot Oct 18, 2026. Facts checked Oct 19, 2026. This page is educational, not financial advice.
