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Smol JLP bull post: I have massive respect for the product that JLP has evolved into and how the team at @JupiterExchange is growing an ecosystem around it - JLP yield > 20% APY - Borrow stables against it to further use in Sol DeFi - 1.5Bn in TVL - pristine asset for restaking??? - Yield trading markets around JLP @RateX_Dex - @gauntlet_xyz's hedged JLP (hJLP) One suggestion to the risk curators - Borrowing against JLP should be possible at rates below market stablecoin rates largely in part because of how minimal the asset volatility they've been able to achieve Would be great to have a utilization-interest curve that reflects the asset's performance Look at that chart - its beautiful (largely up only with drawdowns that could put BTC to shame) Want to caveat this by saying I think I end up paying the most amount of fees on Jupiter perps as compared to any perp protocol on Solana (but maybe that is another reason why JLP is the low variance asset that it is) Most other @KaminoFinance Markets will/should require you to pay a premium interest rate since your collateral is mixed with everyone else's who could be borrowing against their Bonk bag Even Hyperliquid's HLP has been able to build such a consistent return profile largely in part to SoPHISticaTed traders with strategy like the one Joe Mccann's fund is using :D Waiting to see when lending protocols on Hyperliquid realise this opportunity and find a way to capture this @hyperlendx @HypurrFi I think the ETH ecosystem is missing an asset of JLP's calibre and would benefit greatly if something on these lines can be built out