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About JGLP

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 ratejUSDC: Transparent USDC yield without the inefficiencies of competing methodsBoth 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: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, thereby gaining leverage on its GLP position.The jGLP Vault delivers amplified and transparent real yield to depositors.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.

Jones GLP (JGLP) is a cryptocurrency launched in 2023. JGLP has a current supply of 0 with 0 in circulation. The last known price of JGLP is 2.14 USD and is 0.036199594528 over the last 24 hours. It is currently trading on active market(s) with $691.67 traded over the last 24 hours. More information can be found at https://www.jonesdao.io/.

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JGLP Price Statistics
JGLP’s Price Today
24h Price Change
+$0.0361995945281.72%
24h Volume
$691.6778.49%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3634
JGLP Market Cap
Market Cap
$0
Fully Diluted Market Cap
$0
JGLP Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
JGLP Supply
Circulating Supply
0
Total Supply
0
Max Supply
0
Updated Mar 01, 2024 7:05 pm
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JGLP
Jones GLP
$2.14
$0.036199594528(+1.72%)
Mkt Cap $0
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Frequently Asked Questions

  • What is the all-time high price of Jones GLP (JGLP)?

    The all-time high of JGLP was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Jones GLP (JGLP) is 0. The current price of JGLP is down 0% from its all-time high.

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  • How much Jones GLP (JGLP) is there in circulation?

    As of , there is currently 0 JGLP in circulation. JGLP has a maximum supply of 0.

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  • What is the market cap of Jones GLP (JGLP)?

    The current market cap of JGLP is 0. It is calculated by multiplying the current supply of JGLP by its real-time market price of 2.14.

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  • What is the all-time low price of Jones GLP (JGLP)?

    The all-time low of JGLP was 0 , from which the coin is now up 0%. The all-time low price of Jones GLP (JGLP) is 0. The current price of JGLP is up 0% from its all-time low.

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  • Is Jones GLP (JGLP) a good investment?

    Jones GLP (JGLP) has a market capitalization of $0 and is ranked #3634 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Jones GLP (JGLP) price trends and patterns to find the best time to purchase JGLP.

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