Hyper JLP
Last updated
Last updated
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 — more yield, more upside, and more efficient exposure. That’s why we’ve reimagined JLP from the ground up.
Hyper JLP — A powerful upgrade over the original JLP.
The original JLP was a great start — 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 — without taking price risk)
• No traders’ PnL drag: Unlike traditional JLP, Hyper JLP removes trader PnL exposure.
This means in a rising market, you capture the full upside — without subsidizing trader gains.
Neutral Trade Website (Main):
Drift Website (Backup):
Ride the bull with Hyper JLP.
Hyper JLP launch date — 3rd May 2025
