πŸ’₯Hyper JLP

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

At Neutral Trade, we believe liquidity providers should earn more β€” more yield, more upside, and more efficient exposure. That’s why we’ve reimagined JLP from the ground up.

Meet Hyper JLP (JLPv2)

Hyper JLP β€” A powerful upgrade over the original JLP.

Why We Upgraded $JLP

The original JLP was a great start β€” but it left value on the table:

  • Unoptimized exposure: Assets like WETH and WBTC didn’t capture the best opportunities.

  • Idle stablecoins: Valuable capital wasn’t earning yield.

  • Traders PnL: LP returns were diluted by trader profits in bull markets.

So we fixed it.

  • WETH ➝ HYPE: a top-performing asset in a fast-growing ecosystem.

  • WBTC ➝ cbBTC: Keep BTC exposure with reduced counterparty risk via cbBTC.

  • SOL ➝ dSOL: Your SOL now earns ~8% APY through dSOL, a yield-bearing liquid staking token.

  • The underlying assets earns lending yield (dSOL and cbBTC)

  • Instead of idle stables, we deploy them in delta-neutral strategies built on top of JLP itself ( You earn trading fees, liquidation fees, margin fees, and more β€” without taking price risk)

Full Upside In Bull markets

β€’ No traders’ PnL drag: Unlike traditional JLP, Hyper JLP removes trader PnL exposure.

This means in a rising market, you capture the full upside β€” without subsidizing trader gains.

Check Trades Here (Drift)

Neutral Trade Website (Main):

Drift Website (Backup):

Soon


Ride the bull with Hyper JLP.


Hyper JLP launch date β€” 3rd May 2025

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