stonkbuilderCOMMUNITY JupiterJLP Loans & Delta Neutral

Earn tutorial

Borrow against JLP, or hedge it

Two ways to do more with JLP. JLP Loans lend you USDC against your JLP. JLP Delta Neutral is a vault that loops and hedges JLP to earn its yield with less price exposure.[1]

  • 3 min read
  • Advanced
  • Checked 26 Sep 2026
Best for
JLP holders who want liquidity, or JLP yield with a hedge.
You'll need
  • A Solana wallet, such as Jupiter Wallet, Jupiter Mobile, Phantom or Solflare
  • JLP for loans, or at least 10 USDC for Delta Neutral
  • A little SOL for network fees
Cost
Loans: borrow interest, 2% liquidation fee. Delta Neutral: 25% performance fee, 0.3% on exit
Open JLP Loans
Worked example · illustrative numbers

A loan on $10,000 of JLP

Borrowing against $10,000 of JLP

65%90%95%
$0$10,000
  • $6,500 · the documented safer level
  • $9,000 · the most you can borrow
  • Liquidation, with a 2% fee
Option 1 · JLP LoansBorrow USDCkeep your JLP exposure
Option 2 · Delta Neutral vault≈ 1.9x JLP, hedgedtargets 65% LTV · 10 USDC minimum
You can borrow up to $9,000 (90% LTV), but the documented safer level is $6,500 (65%). At 95% LTV the position can be liquidated, with a 2% fee.

Step by step

  1. Choose the tool

    JLP Loans for USDC against JLP; Delta Neutral for a managed, hedged position.

  2. Deposit

    Add JLP as collateral, or USDC into the Delta Neutral vault.

  3. Borrow carefully

    On loans, stay near the recommended 65% LTV rather than the 90% maximum.

  4. Monitor

    Watch your LTV; repay or add collateral if JLP falls.

Open JLP Loans

Good to know

  • JLP Loans: 90% maximum LTV to open, liquidation at 95% LTV, and a 2% liquidation fee on liquidated collateral.[1]
  • Delta Neutral targets a 65% LTV, about 1.9x effective JLP exposure, with a 10 USDC minimum.[2]
  • Delta Neutral charges 25% of gains above your high-water mark and 0.3% on withdrawal, paid to remaining depositors.[2]

Sources

  1. JLP Loans docs.jup.ag/user-docs/earn/jlp/loans
  2. JLP Delta Neutral docs.jup.ag/user-docs/earn/jlp/delta-neutral

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