Jupiter DEX Aggregator on Solana

What is Jupiter Decentralized Exchange?

Jupiter serves as a decentralized exchange aggregator on Solana, offering an array of exchange services. These include the Swaps tool, a Payments API for specifying output token amounts, Limit Orders, and Dollar-Cost Averaging (DCA) options. 

Jupiter also provides integration support for Decentralized Exchanges (DEXes) through the Jupiter Terminal and offers guidelines for token visibility on their platform.

The perpetual exchange is an innovative LP-to-trader platform on Solana, offering leverage up to 100x. By leveraging LP pool liquidity and oracles, it ensures zero price impact, zero slippage, and deep liquidity. Oracles support stable market operations during liquidations and stop-loss events, mitigating the risks of position bankruptcy and LP pool fund loss. Users can open and close positions with a single step, removing the need for additional accounts or deposits. Integration with Jupiter Swap allows any Solana token to be used for opening positions.

The LP pool is integrated into Jupiter, providing liquidity to the Solana ecosystem. Jupiter users can utilize the LP pool’s liquidity for swaps.

JLP is a liquidity token for the Jupiter Perpetuals platform, while JUP is the governance token for the entire Jupiter platform.

The best way to purchase or exit JLP is via Jupiter Swap. JLP, or the Liquidity Provider token, represents a meticulously constructed index of assets designed for swaps and leverage trading.

Liquidity providers serve a crucial role as counterparts to traders. When traders open leverage positions, they borrow tokens from the pool. Liquidity providers, in return, earn fees from these leverage trading activities, along with borrowing fees and earnings from swaps. As a JLP holder, you receive 70% of the fees generated by the trading exchange. This amount is directly reinvested into the JLP, increasing the price of JLP, and facilitating continuous compounding of yield and earnings.

Learn more: https://decentralised.news/jupiter-exchange-on-solana-review