> 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/yield-enhancement/eth-super-staking-deprecated.md).

# ETH Super Staking - \[Deprecated]

{% hint style="danger" %}
**⚠️ Deprecated vault — historical reference only.**

This vault has been deprecated and is no longer active on Neutral Trade.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 %}

## 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.