🧠JLP Delta Neutral on Drift (JLP in-kind)

JLP Delta Neutral (Deposit JLP) - Ideal for JLP holders.

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.

Read more about this strategy's design here:

https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc

Fees & Withdrawals

7% service fee (charged by the time period the deposits are in the vault). A short 1-hour withdrawal redemption period applies.

Deposit Links

Neutral Trade Website (Main):

https://www.app.neutral.trade/strategies/neutralizedjlp

Drift Website (Backup):

https://app.drift.trade/vaults/strategy-vaults/CG2zv4wsSetgs6mAucEKnHPwSoZSLYMwGroembTUNeaU

Check Trades Here (Drift)

https://app.drift.trade/?authority=CG2zv4wsSetgs6mAucEKnHPwSoZSLYMwGroembTUNeaU

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Risks

Risks of the JLP Delta Neutral StrategyMedium

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Launch date: 2025-02-13