According to Odaily, Drift Protocol has officially announced its integration with the Jupiter Liquidity Provider token (JLP). This integration is set to enhance the utility of JLP and its holders. The JLP can now be used as collateral for executing Drift perpetual contract trades.
This move is expected to bring more practicality to JLP and its holders. The integration allows JLP to be used in a new capacity, expanding its use cases and potentially increasing its value. The use of JLP as collateral for Drift perpetual contract trades could also provide a more secure and stable trading environment.
The integration of JLP into Drift Protocol is a significant development in the digital asset trading space. It demonstrates the growing trend of integrating digital assets into various financial systems to increase their utility and value. This move could potentially attract more users to both Drift Protocol and JLP, further enhancing their market presence.