JGLP

JGLP Jones GLP

Last price update: 4 November

$ 2.31

Price Min/Max

24 hrs

$ 2.3

$ 2.32

30 days

$ 2.18

$ 2.39

1 year

$ 1.01

$ 2.69

Market Cap

‒

#5625

Trading Volume, 24h

$ 179.46

Supply token

‒

Price of Jones GLP (JGLP)

Today Jones GLP (JGLP) available for trading on Camelot and Camelot V3. The maximum trading volume is observed for the trading pair JGLP/USDC.E--3 and reaches 1.5 ths. dollars (100% of the total volume across all exchanges). During the week, the minimum price for Jones GLP (JGLP) is fixed on Sunday at 2.31 dollars. Currently, the token Jones GLP is trading in the range of 2.31 dollars or 226.47 rubles for 1 JGLP.

Exchanges where JGLP is traded

	Exchange	Pair	Price	Volume, 24h
1	Camelot	JGLP/USDC.E--3	$ 2.31 USDC.E--3 2.3011	$ 1,333	Go
2	Camelot V3	JGLP/USDC.E--3	$ 2.31 USDC.E--3 2.3138	$ 179	Go

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Calculator JGLP

JGLP

USDT

1 JGLP = 2.31 USD

Full version

What is Jones GLP?

jGLP is a product of JonesDAO, a protocol that is already listed on CoinGecko. Jones DAO is a yield, strategy, and liquidity protocol for options. We deploy vaults that enable one-click access to institutional-grade options strategies while unlocking capital efficiency & liquidity for DeFi options through yield-bearing options-backed asset tokens. Jones recently launched a set of advanced strategy vaults, jGLP & jUSDC, that are built on top of the GMX platform and GLP.

These vaults deliver transparent and consistent leveraged yield to users. They work in tandem to amplify the yield generated by GLP for depositors.

- jGLP: Smart Leverage on the underlying GLP rewards rate
- jUSDC: Transparent USDC yield without the inefficiencies of competing methods

Both vaults offer optional auto-compounding. Choosing to auto-compound allows users to mint the jGLP and jUSDC receipt tokens. The jGLP vault accrues yield in ETH, while the jUSDC vault accrues yield in USDC.

How do they work?

The jGLP and jUSDC vaults are complementary. At a high level, the two Vaults work together by doing the following:

1. Users can deposit GLP or any GLP basket token into the jGLP Vault, and USDC into the jUSDC Vault.
2. The jGLP Vault borrows USDC collateral from the jUSDC Vault to mint more GLP, thereby gaining leverage on its GLP position.
3. The jGLP Vault delivers amplified and transparent real yield to depositors.
4. The jUSDC Vault delivers USDC yield to depositors by receiving a portion of the yield from the GLP strategy built on its collateral.

The jGLP Vault only borrows from the jUSDC vault, and does not interact with any other leverage sources. jGLP maintains exposure similar to the broad crypto market (i.e ETH, BTC, etc.) while earning multiples of the base GLP yield. Even better, jGLP uses Smart Leverage, developed with extensive backtesting, to automatically rebalance within an algorithmically determined range.

How to add Jones GLP to Metamask?

To add JGLP to the metamask you need:

In the wallet select the desired network and then in the cryptocurrencies section scroll to the bottom - click "Import tokens".
Copy the smart contract address for Jones GLP from the list below.
Paste into the "Smart Contract Address" field.
Click the "Add Custom Token" button.

The JGLP is available on the 1 blockchain networks. Below is a list of Jones GLP smartcontract addresses to add to the metamask: