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Jones GLP news
About Jones GLP
jGLP is a product of JonesDAO, a protocol that is already listed on CoinGecko. Jones DAO is a yield, strategy, and liquidity protocol for options. We deploy vaults that enable one-click access to institutional-grade options strategies while unlocking capital efficiency & liquidity for DeFi options through yield-bearing options-backed asset tokens. Jones recently launched a set of advanced strategy vaults, jGLP & jUSDC, that are built on top of the GMX platform and GLP.
These vaults deliver transparent and consistent leveraged yield to users. They work in tandem to amplify the yield generated by GLP for depositors.
jGLP: Smart Leverage on the underlying GLP rewards rate
jUSDC: Transparent USDC yield without the inefficiencies of competing methods
Both vaults offer optional auto-compounding. Choosing to auto-compound allows users to mint the jGLP and jUSDC receipt tokens. The jGLP vault accrues yield in ETH, while the jUSDC vault accrues yield in USDC.
How do they work?
The jGLP and jUSDC vaults are complementary. At a high level, the two Vaults work together by doing the following:
Users can deposit GLP or any GLP basket token into the jGLP Vault, and USDC into the jUSDC Vault.
The jGLP Vault borrows USDC collateral from the jUSDC Vault to mint more GLP, thereby gaining leverage on its GLP position.
The jGLP Vault delivers amplified and transparent real yield to depositors.
The jUSDC Vault delivers USDC yield to depositors by receiving a portion of the yield from the GLP strategy built on its collateral.
The jGLP Vault only borrows from the jUSDC vault, and does not interact with any other leverage sources. jGLP maintains exposure similar to the broad crypto market (i.e ETH, BTC, etc.) while earning multiples of the base GLP yield. Even better, jGLP uses Smart Leverage, developed with extensive backtesting, to automatically rebalance within an algorithmically determined range.
The live Jones GLP price today is $2.15 USD with a 24-hour trading volume of not available. We update our JGLP to USD price in real-time. Jones GLP has no change in the last 24 hours. The current CoinMarketCap ranking is #9386, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Jones GLP at the current rate, the top cryptocurrency exchange for trading in Jones GLP stock is currently Camelot. You can find others listed on our crypto exchanges page.