Log in/ Sign up

About JGLP

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 ratejUSDC: Transparent USDC yield without the inefficiencies of competing methodsBoth 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:Users can deposit GLP or any GLP basket token into the jGLP Vault, and USDC into the jUSDC Vault.The jGLP Vault borrows USDC collateral from the jUSDC Vault to mint more GLP, thereby gaining leverage on its GLP position.The jGLP Vault delivers amplified and transparent real yield to depositors.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) is a cryptocurrency launched in 2023. JGLP has a current supply of 1.00Bn with 0 in circulation. The last known price of JGLP is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.jonesdao.io/.

Official Website

Social Media

JGLP Price Statistics
JGLP’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#6160
JGLP Market Cap
Market Cap
$0
Fully Diluted Market Cap
$2.26Bn
JGLP Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
JGLP Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
0
Updated Sep 01, 2024 9:30 am
image
JGLP
Jones GLP
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Pumpfun co-founder: Creator fee mechanism needs adjustment; its necessity will be determined by traders in the future.
Pumpfun co-founder: Creator fee mechanism needs adjustment; its necessity will be determined by traders in the future.
The co-founder of Pumpfun, the Solana Meme token issuance platform, stated that the current creator fee mechanism needs adjustment, and the platform will undergo a series of structural changes in the future. He recalled that Dynamic Fees V1, launched a few months ago, was initially intended to incentivize high-quality project teams to deploy tokens on the platform and drive project development through creator fees. The mechanism had a significant short-term effect, with many creators who had never used crypto applications before issuing tokens and livestreaming on the platform, rapidly increasing on-chain activity. However, he pointed out that this growth model is unsustainable and has exposed key problems within the platform. He stated that while creator fees are beneficial for "project-based tokens" with clear teams and goals, they haven't substantially changed the behavior of ordinary Meme token deployers. In fact, it may lead to incentive mismatch, making users more inclined to low-risk token issuance rather than high-risk, but more crucial, trading activities for the platform ecosystem. Pumpfun believes that traders are the core of the platform, and successful tokens are more likely to emerge in an environment where traders actively participate, provide liquidity, and bear risks. Furthermore, it points out that existing creator fees lack sufficient functionality and a good user experience, limiting their potential role in narrative expansion and community building. In summary, Pumpfun believes that creator fees remain an important tool for incentivizing high-quality projects, but require optimization at the mechanism and user experience levels; also, not all tokens need to have creator fees. In the future, the platform will adopt a more market-oriented approach, allowing traders to decide whether a token should have creator fees and how those fees should be used. It states that these adjustments are still underway, and more information about platform development and Pumpfun's future will be released later, with expectations for the ecosystem's evolution in 2026.
Jan 10, 2026 8:12 am

Frequently Asked Questions

  • What is the all-time high price of Jones GLP (JGLP)?

    The all-time high of JGLP was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Jones GLP (JGLP) is 0. The current price of JGLP is down 0% from its all-time high.

    Read More
  • How much Jones GLP (JGLP) is there in circulation?

    As of , there is currently 0 JGLP in circulation. JGLP has a maximum supply of 0.

    Read More
  • What is the market cap of Jones GLP (JGLP)?

    The current market cap of JGLP is 0. It is calculated by multiplying the current supply of JGLP by its real-time market price of 0.

    Read More
  • What is the all-time low price of Jones GLP (JGLP)?

    The all-time low of JGLP was 0 , from which the coin is now up 0%. The all-time low price of Jones GLP (JGLP) is 0. The current price of JGLP is up 0% from its all-time low.

    Read More
  • Is Jones GLP (JGLP) a good investment?

    Jones GLP (JGLP) has a market capitalization of $0 and is ranked #6160 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Jones GLP (JGLP) price trends and patterns to find the best time to purchase JGLP.

    Read More