Jupiter Perps LP
Crypto Overview
Purpose and Utility
Jupiter Perps LP (JLP) is a token that represents liquidity provider positions in Jupiter's perpetual futures trading protocol on the Solana blockchain. The token is designed to allow users to provide liquidity to perpetual futures markets and earn fees from trading activity.
Business Model
The token's primary utility is to facilitate leveraged perpetual futures trading, which is essentially a form of margin trading where users can take leveraged long or short positions without an expiry date. This model inherently involves interest-bearing components (funding rates) and zero-sum trading outcomes where one trader's gain is another's loss.
Real-World Adoption
Jupiter's perpetual futures protocol has gained significant adoption within the Solana ecosystem, with substantial trading volumes and liquidity. The platform has attracted users primarily for speculative trading purposes.
Platform Development
The protocol demonstrates active development and maintenance, with regular updates and improvements to the trading infrastructure. The team has shown commitment to building and maintaining the platform.
Crypto Impact
To assign a comfort level investing in Jupiter Perps LP from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Jupiter Perps LP.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.