# Jupiter Perpetuals Liquidity Provider Token Stablecoin Explained

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**Publisher:** Decentralized Finance Publication (https://decentralized-finance.io)
**Author:** Decentralized Finance editorial team
**Reviewed by:** Kaiser Khan, Editor in Chief
**Category:** Stablecoins
**Updated:** Apr 23, 2026
**Trust:** Independent, ad-free editorial research. No display advertisements, no paid protocol coverage, no affiliate-driven rankings.

## Summary

JLP is a liquidity provider token for Jupiter Perpetuals that represents ownership in a diversified pool of digital assets including SOL, ETH, WBTC, USDC, and USDT.

The Jupiter Perpetuals Liquidity Provider Token (JLP) serves as a share in a liquidity reservoir deployed on the Jupiter Perpetuals trading platform. Token value reflects the composition of an underlying asset portfolio comprising multiple cryptocurrencies.

## Overview

JLP operates as a liquidity provision mechanism for Jupiter's perpetuals trading venue, which is part of Jupiter, a decentralized exchange router built on the Solana network. The token's valuation is anchored to the assets stored within the JLP Pool, which typically contains a selection of major cryptocurrencies including SOL, ETH, WBTC, USDC, and USDT.

Those who own JLP tokens contribute liquidity to the perpetuals marketplace, enabling traders to establish leveraged positions through asset borrowing from the pool. In exchange for supplying this liquidity, JLP token holders receive a share of trading-generated revenue, principally through hourly borrowing charges that traders pay according to their borrowed token quantities. The token's returns depend on both the market performance of its underlying holdings and the fee income produced by the platform's perpetuals operations.

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