What is Jupiter Staked SOL?
Jupiter Staked SOL (JUPSOL) is a liquid staking token representing staked Solana (SOL) tokens managed by Jupiter's validator, hosted by Triton. It allows users to maintain liquidity for their assets while earning rewards from the staking process. JUPSOL tokens correspond to SOL staked with Jupiter's validator, offering high annual percentage yields (APY) and supporting Jupiter Exchange's transaction efficiency through its 0% fee validator.
Jupiter Staked SOL goals
The purpose of Jupiter Staked SOL is to provide a liquid staking option for SOL holders, offering both staking rewards and liquidity for DeFi participation. It aims to solve the problem of traditional staking where tokens are locked for a fixed duration, allowing users to engage in DeFi activities while continuing to receive staking rewards. The potential use cases and applications of the technology include yield farming, collateral for loans, trading, and participation in governance.
Marketcap
$0.50929881B
Total number of Jupiter Staked SOL
3726824 JUPSOL
Jupiter Staked SOL technology
Jupiter Staked SOL operates on the Solana blockchain, utilizing its high throughput and low transaction fees. The staking process involves depositing SOL tokens into the JUPSOL system, which are then staked through Jupiter's validator. The staking rewards and MEV are reflected in the increasing value of JUPSOL.
Jupiter Staked SOL competitors
Jupiter Staked SOL differentiates itself from competitors by offering a 0% fee validator, which enhances staking yields through various sources, including validator rewards and MEV kickbacks. Its competitive advantages include high APY, liquidity, and compatibility with decentralized finance (DeFi) protocols.
Jupiter Staked SOL price history
Frequently asked questions
The price of Jupiter Staked SOL is $136.74.
Jupiter Staked SOL operates on the Solana blockchain, utilizing its high throughput and low transaction fees. The staking process involves depositing SOL tokens into the JUPSOL system, which are then staked through Jupiter's validator.
Holding Jupiter Staked SOL helps users earn native staking yields on their SOL, and also supports Jupiter Exchange's transaction efficiency through its 0% fee validator.
The risk rating of Jupiter Staked SOL is Good.
The Jupiter Staked SOL Fear and Greed Index currently indicates an extreme bearish market sentiment. Given the inherent volatility and uncertainty within the cryptocurrency market, it is strongly advised to conduct thorough research before making any long-term investment decisions.
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