Jupiter (JUP)

Jupiter is a decentralized exchange and liquidity aggregator functioning on the Solana blockchain. It is renowned for its competitive trading prices, diverse trading options, and community governance facilitated through its native token, JUP. The initiative was founded by Meow.

Overview

Ticker	JUP
Category	Decentralized Exchange (DEX)
Website	https://jup.ag/
Twitter	@JupiterExchange
Contract Addresses
solana	JU...CNCopied!

Launched in 2022, Jupiter stands out as a decentralized exchange and liquidity aggregator. It consolidates liquidity from various decentralized exchanges (DEXs) and automated market makers (AMMs) within the Solana network to provide optimal trading prices. Jupiter supports various trading functionalities, including token swaps, limit order trading, decentralized perpetual and futures trading, and Dollar Cost Averaging (DCA) strategies. The platform also features an in-house bridge for seamless asset transfers between Solana and other blockchains. Initially concentrated on token swaps, Jupiter has since broadened its services to include perpetual futures trading. It also plans to introduce a decentralized stablecoin. Governance within Jupiter is driven by its native token, JUP, allowing community members to vote on vital decisions that uphold decentralized financial principles.

Features

Limit order

The Jupiter Limit Order feature simplifies the process of placing limit orders on the Solana blockchain. It offers a vast selection of token pairs and leverages liquidity across Solana's ecosystem. Unlike traditional systems, it uses keepers to monitor on-chain token prices and fulfill orders when liquidity is available, executing based on predefined price limits. This mechanism minimizes slippage and ensures transactions are completed efficiently, even in volatile market conditions.

Jupiter DCA

Jupiter DCA enables users to implement dollar-cost averaging strategies, automating the purchase or sale of SPL tokens at regular intervals. This approach helps in spreading investments over time, smoothing overall costs, and enhancing long-term asset accumulation. Jupiter's DCA feature automates this process, making it efficient for users to gradually build their portfolios.

Jupiter bridge

Serving as a bridge aggregator, Jupiter collects data from supported bridging services to present users with available routes for asset transfers. It facilitates transactions between different blockchain networks, including Ethereum and Solana, through integration with services like Mayan Finance and Debridge. Jupiter utilizes Wormhole's inter-network messaging protocol to ensure seamless communication between networks.

Perpetuals

Jupiter offers a decentralized platform for perpetuals trading, allowing users to leverage positions up to 100x. Users can participate as traders or liquidity providers, with liquidity providers earning from the funds used by traders. The platform supports assets such as WBTC, USDT, USDC, SOL, and ETH. It ensures zero price impact and deep liquidity, utilizing oracles like the Pyth network for accurate price feeds.

LFG Launchpad

Announced on January 23, 2024, the LFG Launchpad aims to support new projects entering the market. Supervised by the Jupiter DAO, it provides technological support and community involvement for project launches. Jupiter's goal is to facilitate successful project introductions while maintaining security and trust.

Ecosystem

Jupiter DAO

The Jupiter DAO plays a pivotal role in the governance of the Jupiter ecosystem. It focuses on community engagement, strategic goal setting, and executing initiatives that enhance Jupiter's presence in the crypto landscape. The DAO supports decentralized growth, community-driven initiatives, and actively participates in decision-making processes to ensure Jupiter's sustainability and success.

Jupiter Start

Jupiter Start is designed to promote awareness and traction for new projects within the ecosystem, emphasizing transparency and trust. It involves community collaboration to vet and showcase projects, enhancing user experience and encouraging safe trading. Components of this initiative include Community Intro, Educate, and Pre-Listing, each aimed at fostering a secure and informed trading environment.

JUP

Jupiter's native token, JUP, serves as a governance tool, empowering the community to participate in platform decisions. A significant portion of JUP tokens is allocated for community airdrops, reflecting Jupiter's focus on community-centric development. JUP token holders can influence the platform's evolution by engaging in decision-making processes.

Tokenomics

The initial supply of JUP tokens is set at 10 billion, with distribution structured to support ecosystem growth and community involvement. 40% of the supply is designated for community airdrops, another 40% for team and strategic initiatives, and the remaining 20% for liquidity provision, contributors, and grants.

Partnerships

Jupiter has established partnerships with several prominent entities, including:

• Wormhole
• Marinade Finance
• Orca
• Bonkswap
• Helium Network
• Bonfida
• Hello Moon
• Samoyed
• Raydium

These partnerships enhance Jupiter's capabilities and extend its reach within the cryptocurrency space.