JLP Pool
The Jupiter Liquidity Provider (JLP) Pool is a liquidity pool where it acts as a counterparty to traders — when traders seek to open leverage positions, they borrow tokens from the pool.

The JLP token is the liquidity provider token where it's value is derived from:

An index fund of SOL, ETH, WBTC, USDC, USDT.
Trader's profit and loss
75% of the generated fees from opening and closing fees, price impact, borrowing fees, and trading fees of the pool
The APY, denominated in USD, is calculated based on 75% of fees generated from perps trading activities which does not include assets appreciation and traders PnL. The generated fees are distributed back to holders by redepositing the fees into the pool hourly.

APY: 76.54%

https://jup.ag/perps-earn

https://station.jup.ag/guides/jlp/JLP

https://station.jup.ag/guides/jlp/How-JLP-Works




how is reward or loss is generated by jupiter JLP token?

chatgpt:
https://chatgpt.com/share/67742a0e-1f70-800d-89c5-f50ea52831a7