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🧠JLP Delta Neutral on Drift (JLP in-kind) - [Deprecated]
JLP Delta Neutral (Deposit JLP) - Ideal for JLP holders.
⚠️ Deprecated vault — historical reference only.
This vault has been deprecated and is no longer active on Neutral Trade.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.
Strategy Description
Neutralized JLP offers great benefits for JLP holders during the short, medium, and long term. Deposit JLP and earn Jupiter Perps fees while staying hedged against market exposure. Same 1:1 strategy as our USDC Staking (JLP Delta Neutral), just denominated in JLP and with a management fee instead of a performance fee.
Though the strategy is the same as JLP DN (USDC), being JLP-denominated changes a few aspects and alters some use cases
Let’s learn about JLP DN (JLP-Denominated)!
JLP-Denominated Strategy Differences
To begin, let's observe the image above.
In this vault, your JLP balance moves with JLP's price.
Though the JLP balance may increase or decrease depending on the price of JLP, the USDC value of the position remains steady (while receiving yield from Jupiter perpetual fees).
Potential Use Case:
As this vault is denominated in JLP, you can utilize it to capitalize on JLP price movements!
Bearish sentiments rising?
Simply make a deposit and gain additional JLP on price downtrends.
Hit the pico bottom, feeling bullish now?
Make a withdrawal to regain directional exposure, with more JLP than you began with!
With a short 1-hour redemption period, you stay fully flexible with your plans.
Strategy Design
While this strategy is denominated in JLP, the same JLP DN strategy is being executed.
