Latest Jupiter Perps LP (JLP) News Update

By CMC AI
14 October 2025 11:42PM (UTC+0)

What is next on JLP’s roadmap?

TLDR

Jupiter Perps LP’s roadmap focuses on expanding utility, liquidity, and cross-chain integration.

  1. Jupnet Testnet (Early Q4 2025) – Omnichain liquidity network for unified trading.

  2. JupUSD Integration (Q4 2025) – Native stablecoin to replace $750M in JLP’s reserves.

  3. JLP Utility Expansions (Ongoing) – Enhanced staking, loans, and yield mechanisms.


Deep Dive

1. Jupnet Public Testnet (Early Q4 2025)

Overview:
Jupnet, an omnichain liquidity network, aims to unify trading across Ethereum, Base, and Solana. The public testnet will enable users to swap assets seamlessly between chains while leveraging JLP’s liquidity pool.

What this means:
This is bullish for JLP as cross-chain demand could increase liquidity provider (LP) fees and expand JLP’s role beyond Solana. However, technical risks during testnet phases may delay mainnet launches.

2. JupUSD Stablecoin Launch (Q4 2025)

Overview:
Partnering with Ethena, Jupiter will replace $750M of JLP’s USDC reserves with JupUSD, a Solana-native stablecoin backed by yield-generating assets like USDe and USDtb (The Defiant).

What this means:
This is neutral-to-bullish for JLP. While JupUSD could stabilize JLP’s collateral and attract institutional users, transitioning reserves may introduce short-term volatility during the migration.

3. JLP Utility Expansions (Ongoing)

Overview:
- SOL Staking: Up to $580M of JLP’s SOL holdings will be natively staked, adding ~7% APY to LP returns (Jupiter).
- Loans: JLP Loans now allow borrowing up to 80% of the pool’s USDC at reduced rates, increasing capital efficiency.

What this means:
These are bullish developments. Staking rewards compound JLP’s yield, while loans create new demand for JLP as collateral. Risks include potential liquidations if SOL prices drop sharply.


Conclusion

JLP’s roadmap emphasizes deeper integration into Solana’s DeFi ecosystem, cross-chain liquidity, and yield optimization. The shift to JupUSD and Jupnet could redefine JLP’s role as a multi-chain liquidity backbone. Will JLP’s APY sustain investor interest amid broader market volatility?

What is the latest news on JLP?

TLDR

Jupiter Perps LP anchors Solana’s DeFi expansion with a major stablecoin pivot and yield upgrades. Here’s the latest:

  1. Solana-Native JupUSD Launch (9 October 2025) – Partners with Ethena to replace $750M in JLP’s stablecoin reserves.

  2. JLP Liquidity Engine Upgrade (18 September 2025) – TVL surpasses $2.2B with native SOL staking yields.

  3. JLP Loans Expansion (16 August 2025) – Borrowing cap raised to 80% of pool, rates reduced.

Deep Dive

1. Solana-Native JupUSD Launch (9 October 2025)

Overview: Jupiter collaborates with Ethena Labs to launch JupUSD, a yield-generating stablecoin natively issued on Solana. Backed initially by BlackRock’s USDtb and eventually Ethena’s USDe, it will replace $750M of USDC in Jupiter’s liquidity pools.

What this means: This reduces reliance on external stablecoins, potentially increasing JLP’s utility in Perps and Lend products. Native issuance improves transaction speed and cost efficiency for Solana DeFi users. (NullTX)

2. JLP Liquidity Engine Upgrade (18 September 2025)

Overview: JLP’s Total Value Locked (TVL) crossed $2.2B, with deposited SOL now natively staked to earn ~7% yield alongside protocol fees from swaps and perpetuals.

What this means: Enhances JLP’s composability as a yield engine – liquidity providers earn staking rewards plus trading fees, creating a more sustainable incentive structure. (Charles Eke)

3. JLP Loans Expansion (16 August 2025)

Overview: Jupiter increased JLP Loans’ borrowing cap to 80% of the pool while lowering interest rates, allowing users to access more liquidity against collateral.

What this means: Improves capital efficiency for JLP holders without compromising pool stability, aligning with broader efforts to make JLP a core DeFi yield primitive. (Jupiter)

Conclusion

JLP is cementing its role as Solana’s DeFi liquidity backbone through strategic partnerships (JupUSD), yield innovations, and improved capital utility. Will native stablecoin integration drive JLP’s adoption beyond perpetual trading?

What are people saying about JLP?

TLDR

JLP holders are buzzing about turbocharged yields and a stablecoin pivot. Here’s what’s trending:

  1. JLP Loans unlock liquidity while earning yield

  2. Native SOL staking supercharges returns

  3. Ethena collab to replace $750M in stablecoins

Deep Dive

1. @JupiterExchange: JLP Loans go mainstream 🚀 bullish

"Borrow USDC against JLP at 80% cap, lower rates – liquidity meets sustainability."
– @JupiterExchange (1.2M followers · 582K impressions · 2025-08-16 12:00 UTC)
View original post
What this means: Bullish for JLP demand as borrowing flexibility attracts liquidity providers while maintaining pool stability for Jupiter Perps.


2. @JupiterExchange: $580M SOL staking goes live 💎 bullish

"Idle SOL in JLP now earns ~7% yield + protocol fees – liquidity remains fluid."
– @JupiterExchange (1.2M followers · 489K impressions · 2025-08-15 18:15 UTC)
View original post
What this means: Enhances JLP’s value proposition by layering staking rewards atop existing Perps/Lend/Swap fees, potentially lifting APY above 20%.


3. @CharlesEke20095: JLP = Solana’s yield engine ⚡ bullish

"$2.2B TVL JLP now fuels Jupiter’s flywheel – real usage beats empty APY farms."
– @CharlesEke20095 (84K followers · 217K impressions · 2025-09-18 19:43 UTC)
View original post
What this means: Highlights JLP’s transition from basic liquidity pool to core infrastructure powering Jupiter’s DeFi ecosystem.


4. The Defiant: Ethena partnership shifts JLP’s role 🌀 mixed

"JupUSD stablecoin will replace $750M of JLP’s stable reserves by early 2026."
Source (2025-10-08)
What this means: Neutral-to-bullish – reduces reliance on external stablecoins but introduces execution risk during the multi-phase transition.


Conclusion

The consensus on JLP is bullish, driven by product upgrades (Loans, SOL staking) and strategic moves like the Ethena collab. While short-term price action remains choppy (-4.95% weekly), watch JupUSD adoption metrics – its success could cement JLP as Solana’s premier yield-bearing asset. Does the stablecoin pivot open new revenue streams or dilute focus?

What is the latest update in JLP’s codebase?

TLDR

Jupiter’s JLP codebase has evolved to enhance yield generation and utility.

  1. SOL Native Staking (18 September 2025) – JLP now stakes deposited SOL for ~7% yield.

  2. JLP Loans Upgrade (16 August 2025) – Borrowing cap raised to 80%, rates lowered.

  3. Multi-Oracle Integration (Ongoing) – Price feeds from Edge, Chainlink, and Pyth ensure accuracy.

Deep Dive

1. SOL Native Staking (18 September 2025)

Overview: JLP now automatically stakes idle SOL deposits via Jupiter’s validator, generating ~7% annual yield alongside existing protocol fee rewards.

This update repurposes SOL liquidity within the JLP pool (TVL: $2.2B) to earn staking rewards without locking funds. Liquidity remains available for redemptions or trading. The staking mechanism is managed via smart contract automation, with rewards compounding into JLP’s value.

What this means: This is bullish for JLP because it adds a low-risk yield stream while maintaining liquidity flexibility. Users benefit from combined staking + protocol fee yields, potentially boosting APY beyond 14.5%. (Source)

2. JLP Loans Upgrade (16 August 2025)

Overview: Borrowing limits increased to 80% of collateral value, with reduced interest rates for USDC loans.

The upgrade optimizes capital efficiency for JLP holders, letting them access more liquidity against their deposits. Risk parameters remain conservative, with 86% LTV liquidations handled by whitelisted keepers to protect pool solvency.

What this means: This is neutral-to-bullish for JLP. While higher borrowing caps improve utility, traders should monitor loan utilization rates to gauge systemic risk. (Source)

3. Multi-Oracle Price Feeds (Ongoing)

Overview: JLP’s Perps engine uses Edge (primary), Chainlink, and Pyth oracles for price accuracy.

The system cross-verifies prices across three sources, defaulting to Edge if discrepancies stay within thresholds. This reduces reliance on single points of failure during volatility.

What this means: This is bullish for JLP because robust price feeds minimize liquidation errors and stabilize the pool during market swings. (Source)

Conclusion

JLP’s codebase upgrades focus on yield diversification, risk-managed utility, and oracle resilience – reinforcing its role as Solana’s DeFi liquidity backbone. With SOL staking live and borrowing demand rising, can JLP sustain its 23% 90-day price gain amid broader market headwinds?

CMC AI can make mistakes. Not financial advice.