Jones GLP PriceJGLP
Rank #10560
About Jones GLP (JGLP)
Contract
0x7241bc8...2874a3af6
Explorers
arbiscan.io
Website
jonesdao.io
Community
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 rate
- jUSDC: Transparent USDC yield without the inefficiencies of competing methods
Both 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:
1. Users can deposit GLP or any GLP basket token into the jGLP Vault, and USDC into the jUSDC Vault.
2. The jGLP Vault borrows USDC collateral from the jUSDC Vault to mint more GLP, thereby gaining leverage on its GLP position.
3. The jGLP Vault delivers amplified and transparent real yield to depositors.
4. 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) Price Trends
24H High$2.90
24H Low$2.89
24H Volume$26.71
Market Cap
--All-Time High(ATH)$2.97
Circulating Supply
-- JGLPAll-Time Low(ATL)$0.7126
Total Supply
884.73K JGLPMarket Cap/FDV
--Max Supply
∞Fully Diluted Valuation
$2.56MMarket SentimentNeutral
Live Jones GLP (JGLP) Price Update
Jones GLP price today is $2.90 with a 24-hour trading volume of $26.71, and as such Jones GLP has a market cap of --, giving it a market dominance of 0.000069%. The Jones GLP price moved -0.055% in the last 24 hours.
Time period | Change amount | % Change |
|---|---|---|
| 1H | -$0.001566 | -0.054% |
| 24H | -$0.001595 | -0.055% |
| 7D | +$0.1307 | +4.72% |
| 30D | +$0.1628 | +5.95% |
| 1Y | +$1.29 | +80.59% |
 JGLP to USD | $2.90 USD |
 JGLP to EUR | €2.60 EUR |
 JGLP to INR | ₹242.27 INR |
 JGLP to IDR | Rp43992.23 IDR |
 JGLP to CAD | $3.93 CAD |
 JGLP to GBP | £2.18 GBP |
 JGLP to THB | ฿95.65 THB |
 JGLP to RUB | ₽267.99 RUB |
 JGLP to BRL | R$15.77 BRL |
 JGLP to AED | د.إ10.65 AED |
 JGLP to TRY | ₺98.98 TRY |
 JGLP to CNY | ¥20.45 CNY |
 JGLP to JPY | ¥417.60 JPY |
 JGLP to HKD | $22.60 HKD |