The Defensive Playbook for Solana holder

this post is solely for @solana long term holder & consider to play defensive during volatile mkt.

very simple😎i’d suggest swapping some $SOL for $JLP (Not $JUP!).

$JLP, aka @JupiterExchange Perp Liquidity Pool, comprises a mix of $SOL~45.3%, $ETH~9.9%, $WBTC~13.1%, $USDT~4.4%, and $USDC~27.3%. This pool with tvl of $1.5bn underpins the liquidity for Jupiter Perp. This is most profitable business of @JupiterExchange ~88% of the total fees generated since 2024 ($500m/$568m) 

since 2024, $JLP + 117%, massively outperformed $SOL + 38%.

why? 🧐

as $JLP ’s value is derived from three key sources:
1. an index fund comprising $SOL, $ETH, $WBTC, $USDC, and $USDT.
2. the pnl incurred by traders as it serves as the counterparty to Jupiter Perp users. so when traders profit, $JLP incurs losses, and vice versa. This works because traders tend to lose over time, making $JLP holders with a higher chance of steady profits.
3. 75% of the fees generated from activities ~ $375m was auto invested into $JLP since 2024, currently offer $JLP holder~44.1% APY. A very investor friendly yield for holders.

so in short, $JLP = a blue chip crypto ETF + fees paid by traders + trader PnL.🐂

when $SOL surges, $JLP's gains will be more modest; in an uncertain & volatile mkt where $SOL faces downside risk, $JLP's losses will be much smaller. 

worried about the $SOL's recent correction?

for me, imo $ETH is facing a mid-life criss vs $SOL is facing a growing pains.

as previously $SOL relied too heavily on its meme-coin trading activities; but now we can see its efforts to diversify towards DeFi, RWA, and AI & other fronts.

@solana 's biggest moat is its capable & ambitious leadership team @aeyakovenko @calilyliu @SolanaFndn . also its core infra like @JupiterExchange & @weremeow  really care about creating value for token holders.

so, if worried about $SOL's unlock & market uncertainty but don’t want to miss its potential upside if sell.

pls take a good look into $JLP as it has both exposures of @solana & @JupiterExchange with less volatility which can help you sleep tight at night😊

DISCLOSURES
I am holder of both $SOL & $JLP, so NFA & DYOR.
#SOL #JLP #JUP #JLP #SOL #ETH #WBTC #USDT #USDC #JLP #SOL #JLP #SOL #ETH #WBTC #USDC #USDT #JLP #JLP #JLP #JLP #JLP #SOL #JLP #SOL #JLP #SOL #ETH #SOL #SOL #SOL #JLP #SOL #JLP