WBTC logo

wbtc

Network: solana

Projected APY

Current TVL

Max Capacity

1,000,000

Vault Performance

Vault Documentation

Strategy Details

Strategy Description

This BTC Super Staking Vault aims to earn trading fees, borrowing fees and liquidation fees from traders trading on Jupiter perp DEX, while hedging SOL and ETH exposure and creating a BTC directional exposure in the process.The strategy is monitored 24/7 systematically with a max 2% delta exposure.

Strategy Details Link

Utilized Protocols

jupiter icon

Largest decentralized spot and perpetual exchange on Solana that supports low swap fees and zero price impact trades with 650m+ AUM and 400m+ daily trading volume.

drift icon

Leading perp dex on Solana with 400m+ TVL. Drift brings on-chain, cross-margined perpetual futures to Solana.

Utilized Tokens

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The JLP token is the liquidity provider token for Jupiter Perp DEX where its value is derived from: (i) An index fund of SOL, ETH, WBTC, USDC, USDT, (ii) Trader's profit and loss, (iii) 75 % of the generated fees from opening and closing fees, price impact, borrowing fees, and trading fees of the pool.

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The coin deposited by users into the vault. The BTC maintains full directional exposure and is intentionally not hedged.

eth icon

Part of the JLP's composition. ETH exposure is hedged to maintain delta neutrality while benefiting from fees generated by trading activity.

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Part of the JLP's composition. SOL exposure is hedged to maintain delta neutrality while benefiting from fees generated by trading activity.

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