Jones GLP JGLP

1. Summary

Ranks

Liquidity

-

Developer

-

Social

70

Momentum (beta)

0

Stack Rank™

-

Price

$2.67 0.0%

Market Cap

$0.00 (#12188)

Supply

0.00 / 783,762.00

Tags

Arbitrum Ecosystem

More Metrics

Price
52W High price	$2.95
52W High date	21st Dec 2024 (5 months ago)
All Time High (ATH) Date	2nd Feb 2025 (3 months ago)
ATH Price	$3.00
% From ATH	-22.47%
All Time Low (ATL) Date	11th Mar 2023 (2 years ago)
ATL Price	$0.71
% From ATL	226.82%

Supply & Trading Volume
Trading Volume (24h)	$77.00
Total Supply	783,762.00

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Description

The product jGLP, developed by JonesDAO, is a yield, strategy and liquidity protocol for options, which offers a one-click access to institutional-grade options strategies. It is built on the GMX platform and GLP, and is designed to increase capital efficiency and liquidity for DeFi options through yield-bearing options-backed asset tokens. Togethe...

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The product jGLP, developed by JonesDAO, is a yield, strategy and liquidity protocol for options, which offers a one-click access to institutional-grade options strategies. It is built on the GMX platform and GLP, and is designed to increase capital efficiency and liquidity for DeFi options through yield-bearing options-backed asset tokens. Together with jUSDC, another product of JonesDAO, it provides users with stable yields, wherein jGLP accrues yield in ETH and jUSDC in USDC. Both vaults are complementary; the jGLP vault uses USDC from the jUSDC vault as collateral to mint more GLP, enhancing its GLP yield. On the other hand, the jUSDC vault yields USDC by gaining a part of the yield from the GLP strategy founded on its collateral. These vaults are also fitted with an optional auto-compounding feature.

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