ETH Super Staking
Highest ETH real yield in the crypto space.
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 JLP and precisely hedge against SOL and BTC exposure, while re-establishing a full 100% ETH position via wETH purchases in the spot market.
Where does the yield come from?
Let’s explore the key sources of yield for the staking vault:
JLP fees — 66.59% APY as of 11/17/2024 (75% of trading fees, borrowing fees, mint / burn fees, liquidation fees from traders trading on Jupiter Perp DEX)
Funding fees from Perpetual Shorts on SOL and BTC (Longs usually pay shorts perps funding) — ~26.8% APY and ~51.36% APY respectively on SOL and BTC of 11/17/2024
Combined, these sources deliver the yield, allowing you to gain pure ETH exposure and secure consistent 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% performance fee on profits, along with a 1% management fee, ensuring high-performance management with aligned incentives.
To optimize liquidity and returns, deposits 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 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)
Deposit Links:
Neutral Trade Website (Main):
Drift Website (Backup):
ETH Super Staking launch date - 17 Nov.
Last updated