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TVL $50,014,678Public  $50,014,678
Private $0
JLP Premium: 0%
My NT points: 0
USDC logo

(Inverse JLP DN)

Projected APY

1.5x NT Points

Current TVL

Max Capacity

250,000

Cumulative Returns

Vault Documentation

Strategy Details

Strategy Description

The Big Short Vault capitalizes on JLP depeg fluctuations, arbitraging within a Delta Neutral structure.
Your position is fully hedged against market exposure and traders’ PnL, dynamically shorting or longing JLP when it trades at a premium or discount.
This strategy efficiently extracts value from JLP market/virtual price inefficiencies while steadily growing capital through continuous arbitrage and funding fees.

Strategy Details Link

The Big Short Vault

Utilized Protocols

jupiter icon

Largest decentralized spot and perpetual exchange on Solana that supports low swap fees and zero price impact trades with 1.75bn+ AUM and 600m+ daily trading volume.

drift icon

Leading perp dex on Solana with 1bn+ TVL. Drift brings on-chain, cross-margined perpetual futures to Solana.

Utilized Tokens

jupiter icon

The JLP token is the liquidity provider token for Jupiter Perp DEX where its value is derived from: (i) An index fund of SOL, ETH, WBTC, USDC, USDT, (ii) Trader's profit and loss, (iii) 75% of the generated fees from opening and closing fees, price impact, borrowing fees, and trading fees of the pool.

usdc icon

The stablecoin deposited by users into the vault. USDC provides the base capital for the strategy, allowing participation in JLP without direct exposure to volatile assets.

btc icon

Part of the JLP's composition. BTC exposure is hedged to maintain delta neutrality while benefiting from fees generated by trading activity.

eth icon

Part of the JLP's composition. ETH exposure is hedged to maintain delta neutrality while benefiting from fees generated by trading activity.

sol icon

Part of the JLP's composition. SOL exposure is hedged to maintain delta neutrality while benefiting from fees generated by trading activity.

Deposited funds are subject to a 1-day redemption period,read more

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