> For the complete documentation index, see [llms.txt](https://docs.neutral.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.neutral.trade/for-capital-allocators/deprecated-vaults/hyper-jlp-deprecated.md).

# Hyper JLP - \[Deprecated]

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**⚠️ Deprecated vault — historical reference only.**

This vault has been deprecated and is no longer active on Neutral Trade. It is not accepting deposits and is not part of the current product line-up. Do not present this strategy as available or current. For live vaults and current data, see the active strategies and the API reference at <https://www.neutral.trade/api/v1/docs>.
{% endhint %}

## Strategy Description

Holding $JLP but not a fan of ETH, SOL (non-LST), wBTC, idle stablecoins, or Trader PnL? We’ve got something special just for you.

**Meet Hyper JLP!**

A yielding index based on JLP, but reimagined from the ground up.

<figure><img src="/files/FFtP1co05jWW58STduv6" alt=""><figcaption></figcaption></figure>

## Strategy Design

Hyper JLP is a basket of top-performing assets. Designed as a yield-bearing product, Hyper JLP provides exposure to top cap tokens while earning yield on top.

### Index Holdings:

* **HYPE**: Top-performing asset in a fast-growing ecosystem.
* **cbBTC**: BTC exposure with reduced counterparty risk via cbBTC.
* **dSOL**: Yield-bearing SOL LST.
* **JLP DN:** Delta-neutral strategy earning trading, liquidation, and borrowing fees.

### Yield Sources:

* Lending
* Staking
* Delta-neutral strategy

### Full Upside In Bull Markets

• **No trader PnL drag**

**Hyper JLP** has no trader PnL exposure. This means in a rising market, you capture the full upside of the underlying tokens without subsidizing traders' gains.

<figure><img src="/files/1DF6in1RToSUmBx7Qa95" alt=""><figcaption></figcaption></figure>

## Deposit Link:

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<https://www.app.neutral.trade/strategies/hyperjlp>
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### Check Trades (Drift):

{% hint style="info" %}
<https://app.drift.trade/?authority=A1B9MVput3r1jS91iu8ckdDiMSugXbQeEtvJEQsUHsPi>
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***

Hyper JLP launch date — 3rd May 2025