Hi, I am here to do a suggestion for JLP and Jupiter perps, as well as brainstorm on the potential future.
This is my first ever proposal, so bear with me.
First of all JLP has done an amazing job support the Jupiter Perps. My proposal is to push the whole ecosystem forward.
Add JupSOL as a token in the perps. I don’t know if there is a risk of depegging, but could jupSOL replace native SOL or complement it in trading?
Having jupSOL in JLP would allow an extra 10% APY to be made from it. ( of course according to the weight given to it. 10% weight, extra 1% yield)
Adding JUP after S2 and burn. After Airdrop 2 and burn, JUP will have a marketcap and circulating supply of around 35-40% of FDV. The price of the token should stable, and adding it with a weight of 5-10% could help increase it’s value and bring more volume to the perp.
Adding more stable coins to diversify the current ones. Adding pyUSD, sUSD could prove beneficial. sUSD has a 5% apy on it through bonds.
Adding major coins to the pool, with low weight.
DOGE has 500B 30d volume rn, BNB has 90b volume.Shiba 137B etc. etc.
These assets are volatile but could lead to a significant boost to fee generation and overall volume, making them a good long-term step.
Work with the team of cross-chain liquidity teams to adopt warped assets that have high volume, Cardano, Pepe, SUI come to mind. Potentially leading to extra billions in volume.
My biggest proposal and most risky/complex one:
Can we work with kamino and lending platforms to create a seamless,permissionless automatic way to get yield from unused stablecoin funds? These platforms have 15-20% lending APY on stablecoins. By leveraging dynamically a safe percentage of unused stables, we can further boost the APY of JLP by 1-5% safely, this move would strengthen the TVL of both JLP and Defi in SOL.
“DOGE has 500B 30d volume rn, BNB has 90b volume.Shiba 137B etc. etc.”
Unlimited supply. I have a friend who bought 200 worth in 2017. That is now worth about 40k,
BNB - enough said there
Shiba, not sure what the percent gain is on that but i am absolutely certain it’s retarded.
The point is, it’s my basic smooth brain understanding that the only way JUP can offer these tokens is by OWNING these tokens. The barrier for entry being that you are buying them from the market at a significant prem. Jup is less than 1 year old today.
I really like the idea of a more expanded selection of assets. Im sure in time this will absolutely be the case. It will probably be an asset they hold abundantly at a decent price though. And i highly doubt they own any of the assets you mentioned in enough quantity to offer perps.
I am just guessing at how all of this works but from a buisiness stand point it makes sense to me that the cost to buy or borrow these assets would be expensive. Also everything we trade on jup is sol based and Wrapped tokens. Not actual bitcoin or eth. Not sure how that factors in but it is worth mentioning.
I would like to see one day the ability to seamlessly swap between base/ eth / and other L1 chains directly from JUP.
Not disagreeing. It’s a conversation. Nice to see a post of this type.
Let’s not forget that also SOL, ETH have unlimited supply.
JLP is responsible for holding and buying the tokens. Not JUP.
So JLP holders should decide whether to include a new asset or not.
Of course it has to be Warped but I think most Warped are 1:1 with reserves.
Lot’s of external teams offer that and we can leverage that in the future.
I think at it’s core there are more basic features to tackle.
I would request the different order types to be completed (limit, trailing stops, being able to set TP/SL when doing the order instead of having to pay another fee to set it…)