Jupiter Staked SOL (JUPSOL)
Jupiter Staked SOL (JUPSOL) is a liquid staking token representing staked Solana (SOL) tokens managed by Jupiter's validator, hosted by Triton. This token provides SOL holders with the ability to earn staking rewards while maintaining liquidity, making it suitable for use in decentralized finance (DeFi) applications. All validator rewards, including 100% of the Maximal Extractable Value (MEV), are distributed to JUPSOL holders.
Overview
JUPSOL functions as a liquid staking token on the Solana blockchain, allowing users to earn staking rewards without locking their SOL tokens. Initially, its value maintains a 1:1 ratio with SOL but appreciates over time as staking rewards accumulate. This structure offers flexibility, enabling participation in DeFi activities while continuing to receive staking rewards, addressing the limitations of traditional staking, where tokens are typically locked for a fixed period.
| Ticker | JUPSOL |
| Category | Solana Ecosystem |
| Website | N/A |
| @JupiterExchange | |
| Contract Addresses | |
|---|---|
| solana | ju...3v Copied! |
JUPSOL enhances staking yields through various sources, including validator rewards and MEV kickbacks. Jupiter’s validator, initially funded with 100,000 SOL, contributes to the Annual Percentage Yield (APY) of JUPSOL. The absence of typical staking service fees further increases returns for stakers.
When SOL is deposited into the JUPSOL system, it is staked through Jupiter’s validator. The staking rewards and MEV are reflected in the increasing value of JUPSOL. As rewards accumulate, the value of 1 JUPSOL grows beyond 1 SOL.
JUPSOL holders automatically earn rewards without requiring any additional actions.
Yield generation
JUPSOL stakers receive rewards from the following sources:
- Staking rewards: Regular rewards generated by SOL staked with Jupiter’s validator.
- MEV kickbacks: Jupiter distributes 100% of MEV rewards to JUPSOL holders.
- Validator delegation: The delegation of 100,000 SOL to Jupiter’s validator enhances the APY, potentially resulting in higher returns compared to typical liquid staking tokens (LSTs).
Fee structure
JUPSOL operates with the following fee structure:
- 0% management fee
- 0% validator commission
- 0% stake deposit fee
- 0.1% SOL deposit fee to prevent arbitrage attacks
- 0% withdrawal fee
A 0.1% SOL deposit fee is implemented by Jupiter to protect against arbitrage attacks, ensuring the pool remains secure and that long-term stakers benefit from the system.
Security
JUPSOL is built on the SPL Stake Pool Program, a staking mechanism within the Solana ecosystem, which has managed over $1 billion in staked SOL. The program’s governance is maintained through a multisignature (multisig) setup, requiring the approval of multiple participants for decision-making. This structure includes members from Sanctum, Jupiter, Mango, marginfi, and Jito, ensuring decentralized control. Future plans include expanding the multisig and eventually freezing the program to further enhance security.
Utility
- Staking rewards accrual: Holders of JUPSOL receive staking rewards automatically as the token’s value increases relative to SOL, reflecting the accumulation of staking rewards over time.
- Enhanced APY: The delegation of 100,000 SOL to Jupiter’s validator, combined with additional MEV rewards, may result in higher Annual Percentage Yields (APYs) compared to typical liquid staking tokens (LSTs).
- DeFi integration: JUPSOL is compatible with decentralized finance (DeFi) protocols, enabling holders to engage in activities such as lending, borrowing, and trading without unstaking their SOL.
- Validator contribution: By staking with Jupiter’s validator, JUPSOL holders support the validator’s performance, potentially improving transaction processing during periods of network congestion.
JUPSOL offers a liquid staking option for SOL holders, providing both staking rewards and liquidity for DeFi participation. Its secure infrastructure, competitive fee structure, and additional MEV rewards make it a flexible and efficient choice for maximizing staking returns.