Glossary
Jupiter Perpetuals
The perpetual-futures product built by the Jupiter team on Solana — backed by the JLP liquidity pool, with major BTC, ETH, and SOL markets.
Jupiter Perps lets users open leveraged long or short positions on SOL, BTC, and ETH on Solana. The counterparty is the JLP pool — a basket of those three assets plus USDC and USDT — that earns trading fees, borrow fees, and net trader losses.
JLP has become one of the larger structured-yield products on Solana, with returns driven by perp fee flow plus the underlying basket's price exposure. The product follows the GMX template, adapted for Solana's high-throughput environment.