JLP and GLP are two very special assets. They are equivalent to LP assets. JLP is the LP of Juipter on Solana, and GLP is the LP of GMX on arb. Both of them are equivalent to the counterparty of the contract on the protocol. Historically, contract players lose money, so LPs make money.

These assets represent a basket of assets. For example, GLP is a hybrid product of BTC, ETH, stablecoins, and several others, while JLP is Sol, BTC, etc.

Some people regard these two products as substitutes for stablecoins, and judging from their performance, they are indeed good. JLP has been growing steadily, while GLP has been relatively stable with a slight decline.

Their coin price is composed of two aspects:

1/ Changes in the underlying currency price

2/ yield

I thought about it for a long time but still didn't exchange the stablecoin for these assets. The main reason is that I think JLP's good performance is due to its historically high yield (once as high as 100%), and now JLP's yield has also dropped, and GLP is just average in comparison. So JLP may not be able to continue to grow in the future.

The second is that there are still huge assumptions about the price of BTC/SOL/ETH. They have been relatively stable in the past few months, but what about the future?

This is an introduction only, not financial advice.