Drift is excited to announce that JLP, the Jupiter Liquidity Provider token, has been integrated into Drift's platform. This integration brings Drift a step closer to the vision of being the home for all assets on Solana. With this integration, it will bring more utility to JLP and its holders, enhancing the potential of the token.
The Home for All Assets on Solana
Drift's mission is to be the home for all assets on Solana, unlocking additional utility for those assets. Leveraging the composability of DeFi, users can now do more with their JLP tokens, transforming them from yield-bearing assets of a single protocol to multi-purpose assets with diverse use cases.
Unlocking Additional Yield and Utility for JLP Holders
The integration of JLP on Drift introduces two key benefits for JLP holders:
Collateral for Trades: JLP can now be used as collateral to execute trades on Drift's perpetual contracts. This provides traders with more flexibility and options for leveraging their assets.
Earning additional yield: All deposits on Drift automatically earn yield from the borrow/lend pools, which power Drift's multi-collateral trading function. This means that by simply depositing JLP tokens on Drift, users can start earning yield immediately.
Those are just the beginning. JLP will be integrated into more features on Drift down the line.
Maximize Your Yield with Drift
Drift will be continuously working to add more utilities and functionalities to the platform, providing even greater value for JLP holders and the broader Solana ecosystem. Don't let your JLP tokens sit idle in your wallet. Maximize your yield by depositing them on Drift.
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