Rank #14106
jglp Jones GLP
$ 1.46
0.00002127 BTC
2,127 satoshies
Market Cap
-
24 Hour Trading Vol
196.3338 $
Circulating Supply
-
Total Supply
555,736.98
Max Supply
-
Fully Diluted Valuation
1,51 MLN. $
Low
Range
High
Info
1h
24h
7d
1m
1y
max
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Jones GLP Price Statistics
1.46 $
1.4595 $ / 2.81 $
196.3338 $
#14106
3 $
-51.33%
02 February, 2025, (7 months ago)
0.7126 $
104.87%
11 March, 2023, (2 years ago)
Jones GLP Performance
Trading Pair
day
week
month
jglp
/
usd
0 %
-0.63%
-0.73%
jglp
/
btc
0 %
-0.63%
-0.73%
jglp
/
eth
0 %
-0.63%
-0.73%
About Coin
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.
What is the highest value Jones GLP (JGLP) has ever reached?
Jones GLP (JGLP) reached its peak price at 3 $ on 02 February 2025, approximately 7 months ago ago. Presently, the current price is -51.33% lower than this all-time high.
What is the historical minimum price for Jones GLP (JGLP)?
The minimum price reached for Jones GLP (JGLP) was 0.7126 $, documented on 11 March 2023, more than 2 years ago. In comparison, the current price is 104.87%, it above this historical low.
What is the fully diluted valuation of Jones GLP (JGLP)?
The fully diluted valuation (FDV) of Jones GLP (JGLP) stands at $ 1,51 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of JGLP tokens. The realization of this FDV might take several years depending on the emission schedule of JGLP tokens.
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