Borrow USDC against your JLP.
Introducing: JLP Loans.
Access liquidity while still earning yields. Here's how it works đ§”...
JLP is a liquidity pool that powers Jupiter Perps and serves as a counterparty. When traders open leveraged positions, they borrow tokens from the pool.
JLP Loans puts unused USDC to work by giving borrowers access to liquidity, and a new sustainable yield stream for LPs.
How JLP Loans work:
âą Deposit JLP as collateral
âą Borrow USDC from the pool
âą Repay the USDC back to withdraw your JLP when youâre done
JLP Loans are overcollateralized with dynamic rates and safe liquidations at 86% LTV by whitelisted keepers.
JLP Loans is starting with a conservative approach:
âą Tight risk parameters
âą USDC-only borrowing
This is the first step in transforming JLP into a core yield engine for the ecosystem.
119.81K
646
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.