our past ideas on this had been trying to complicate things by utilizing LST to increase yield.
one day about 2 weeks ago, over lunch, we realized that we could just use the Stake program to simplify all the process. took us from idea to shipping this in 2 weeks.
once our audits from the auditors has passed, we will roll this out. it would help to bring extra SOL yield directly into the JLP pool.
side note: we also lowered the interest for JLP Loans, now, there is extra 180m+ USDC liquidity for loans at ~5% APY. definitely check it out.
Huge news for JLP holders:
We will soon start natively staking up to $580M in SOL from the JLP pool to earn yield.
This will boost JLP returns and massively increase the stake of Jupiter’s validator.
Why this matters:
• Idle SOL gets put to use generating yield
• Rewards compound over time, turning staking rewards into more value for JLP holders
• Liquidity stays flexible and can be unstaked anytime if needed
A win for JLP, a win for @solana, and a win for Jupiter.
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