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Earn tutorial

Earn from perps fees with JLP

JLP is the liquidity pool behind Jupiter Perps. Holders earn 75% of the perps fees, added to the pool every hour, and take the other side of traders' positions.[1]

  • 3 min read
  • Intermediate
  • Checked 26 Sep 2026
Best for
Holders comfortable with SOL, ETH and BTC exposure who want fee income.
You'll need
  • A Solana wallet, such as Jupiter Wallet, Jupiter Mobile, Phantom or Solflare
  • SOL, USDC or another pool asset to buy JLP with
  • A little SOL for network fees
Cost
Swap or mint and burn fees; no staking step
Open JLP
Worked example · illustrative numbers

Where $100 of perps fees goes

Pool mix, illustrative

JLP
  • SOL 44%
  • USDC 30%
  • wBTC 15%
  • ETH 11%

Every $100 of perps fees

75%25%
  • To the JLP pool · $75
  • To Jupiter · $25
  • Added to the pool hourly
  • Nothing to claim
  • Pool is the traders' counterparty
Of every $100 traders pay in perps fees, $75 is reinvested in the JLP pool and $25 goes to Jupiter. The pool mix shown is illustrative.

Step by step

  1. Open the JLP page

    Go to jup.ag/perps/jlp-earn and connect your wallet.

  2. Get JLP

    Swap for JLP, or mint it by depositing a pool asset directly.

  3. Hold

    Yield is built into the price: fees raise the pool's value every hour. There is nothing to claim.

  4. Exit

    Swap JLP back, or burn it to redeem pool assets.

Open JLP

Good to know

  • 75% of perps fees, including open, close, borrow and price impact fees, flows to the pool hourly; 25% is Jupiter's revenue.[1]
  • The APY shown counts fees only. JLP's value also moves with SOL, ETH and BTC prices and with traders' profits and losses.[1]
  • When traders win, the pool pays out; when they lose, the pool gains.[1][2]
  • If the pool hits its AUM limit, new JLP cannot be minted directly and JLP can trade at a premium.[1]

Sources

  1. Earn with JLP docs.jup.ag/user-docs/earn/jlp/earn
  2. Jupiter Perps docs.jup.ag/user-docs/trade/perps

Checked against Jupiter's documentation on 26 Sep 2026. Products change; the linked pages are the source of truth.