# ETH Super Staking - \[Deprecated]

## Explanation of the ETH Super Staking

ETH Super Staking empowers Ethereum holders with a robust liquidity-enhancing strategy, improving decentralized exchange resilience, especially on Jupiter Perp DEX. 

We acquire and collateralize wETH, then open borrow positions to run delta neutral strategies on top of our wETH collateral.

## Where does the yield come from?

Let’s explore the key sources of yield for the staking vault:

1. JLP fees — 17.59% APY as of 09/12/2025 (75% of trading fees, borrowing fees, mint/burn fees, liquidation fees from traders trading on Jupiter Perp DEX)
2. Funding fees from Perpetual Shorts on ETH, BTC, and SOL (Longs usually pay shorts perps funding) —  \~7.92% APR, \~11.20% APR, and \~3.02% APR as of 09/19/2025.

Combined, these sources deliver the yield, allowing you to gain pure ETH exposure and  rewards.

## What is wETH?

Wrapped Ethereum (wETH) is a tokenized version of Ethereum (ETH) that operates on other blockchains, such as Ethereum and Solana, pegged 1:1 to Ethereum’s value. This allows ETH holders to engage with DeFi apps without selling their Ethereum, unlocking access to a range of protocols and liquidity options beyond the Ethereum mainnet network.

## Traditional ETH Staking Options

* **Pure ETH staking** on common DEXs: \~5% APY
* **ETH lending** on platforms: \~2% APY

ETH Super Staking is built to outperform, offering an enhanced yield that traditional ETH staking options can’t match.

## Lock Up Period & Withdrawals

Our ETH Super Staking vault applies a 20% commission on profits, along with a 1% service fee, ensuring aligned incentives.

To optimize liquidity and returns, withdrawals come with a brief 1-day redemption period.

## What are the risks compared to the original JLPDN vault?

In addition to the risks outlined in [this](https://neutraltrade.medium.com/risks-of-the-jlp-delta-neutral-strategy-294d0899ece4) article, we want to emphasize that depositors are fully exposed to ETH’s market performance. This means you have the potential to capture both upside gains and downside losses depending on ETH’s price movements.

## Check Trades Here (Drift)

{% hint style="info" %}
<https://app.drift.trade/?authority=ENr5e1BMN5vFUHf4iCCPzR4GjWCKgtHnQcdniRQqMdEL>
{% endhint %}

## Deposit Links:

Neutral Trade Website (Main):

{% hint style="info" %}
<https://www.app.neutral.trade/strategies/ethnl>
{% endhint %}

Drift Website (Backup):

{% hint style="info" %}
<https://app.drift.trade/vaults/strategy-vaults/ENr5e1BMN5vFUHf4iCCPzR4GjWCKgtHnQcdniRQqMdEL>
{% endhint %}

***

ETH Super Staking launch date - 17 Nov.


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