Aggregators are constantly exploring swap options. For example, Jupiter offers some great options
:
Automated strategies - for example, DCA (dollar cost averaging). Adds a certain number of tokens at certain intervals.
perpetual exchange - perpetual contracts have no expiration date. Leverage can also be used. #Jupiter offers up to 100x.
JLP - Jupiter Liquidity Pool. Adds liquidity and receives a portion of the fees generated by the DEX exchange.
JupSOL - put $SOL on Jupiter and get $JupSOL. This is an LST #token or liquid betting token. This means that you get a reward for betting $SOL. However, you can use this LST again on DeFi to get additional rewards.
LFG Launchpad - Launching new tokens in Jupiter.
In late January 2024, the $JUP token was launched. There was also a big money-draining campaign; another one will be launched at the end of January 2025. If you use the Jupiter app, you will get your money back. For example, exchange your Phantom Wallet for Jupiter. Or use Jupiter to buy drops at Drip Haus.
You can also bid for $JUP and vote for bids. For doing so, you get $JUP and other tokens from the Solana ecosystem. The more bids you make and the more proposals you vote on within a certain period of time, the higher your reward will be. The current price of $JUP is just over $1. The maximum amount of bids is $10 billion. There are only $1.35 billion dollars in circulation. The market value is $1.3 billion.
Pyth Network is an oracle. More specifically, it's a financial oracle. Now let me explain why the oracle is crucial to the #blockchain . It is because the blockchain cannot communicate with the outside world. The blockchain cannot open a door to find out the weather, so to speak.
This is where Oracle comes to the rescue. Oracle connects the blockchain to real data. It could be anything. For example:
prices for cryptocurrencies, precious metals, bank data and other assets.
weather forecasts.
Read us at: Compass Investments
