Jones GLPJGLP
Convert JGLP to your currency
Last Updated on Oct 02, 2025 01:56 AM
What is Jones GLP?
About the coin
jGLP is a product of JonesDAO, a protocol focused on yield, strategy, and liquidity for options. It provides institutional-grade options strategies with capital efficiency and liquidity for DeFi options through yield-bearing options-backed asset tokens.
Main features
JonesDAO recently launched advanced strategy vaults, jGLP and jUSDC, built on the GMX platform and GLP. These vaults offer transparent and consistent leveraged yield to users. jGLP provides smart leverage on the underlying GLP rewards rate, while jUSDC offers transparent USDC yield without inefficiencies. Both vaults have optional auto-compounding, allowing users to mint jGLP and jUSDC receipt tokens. The jGLP vault accrues yield in ETH, and the jUSDC vault accrues yield in USDC.
How it works
The jGLP and jUSDC vaults work together to amplify yield. Users can deposit GLP or any GLP basket token into the jGLP Vault and USDC into the jUSDC Vault. The jGLP Vault borrows USDC collateral from the jUSDC Vault to mint more GLP, gaining leverage on its GLP position. This delivers amplified and transparent real yield to depositors. The jUSDC Vault receives a portion of the yield from the GLP strategy built on its collateral, delivering USDC yield to depositors. The jGLP Vault only borrows from the jUSDC vault, maintaining exposure similar to the broad crypto market while earning multiples of the base GLP yield. Smart Leverage is used to automatically rebalance within an algorithmically determined range.
Wallet for Jones GLP
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Tangem supports networks for Jones GLP
- Arbitrum One
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Jones GLP FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
How to secure Jones GLP with Tangem Wallet?
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Why choose Jones GLP wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
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