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Deploy Finance vs Jupiter JLP: pooled counterparty exposure or a hedged agent?

Jupiter's JLP and Deploy Finance's Income: Funding Rates agent both earn from perpetual traders without you trading. JLP is a token that represents a share of the pool Jupiter Perpetuals traders borrow from on Solana. Income: Funding Rates is an agent that holds a hedged position in your own wallet on Hyperliquid and collects funding.

The overlap is passive income from perp trader activity. The asymmetry is what you hold while you earn it. JLP is a basket of SOL, ETH, and BTC plus stablecoins, and its value moves with those assets and against trader profits. Income: Funding Rates hedges the asset exposure and keeps the funding.

Compare Jupiter JLP and Deploy Finance​

Jupiter JLPDeploy Finance
Product modelTransferable token representing a share of the Jupiter Perpetuals liquidity poolCurated autonomous agents that trade from a self-custodial wallet
User actionMint or buy JLP, hold it, redeem or sell itFund a wallet, select an agent and allocation, approve scoped trading access
What you holdA share of a pool of SOL, ETH, WBTC, USDC, and USDTUSDC in your own wallet, which the agent deploys into a position
Return source75% of the fees traders pay (open, close, borrow, swap), plus or minus traders' net PnL against the poolPerpetual funding spreads (Income: Funding Rates) or directional price moves (Superstar)
Directional exposureYes; JLP's value tracks the basket's majors and loses when traders winIncome: Funding Rates hedges spot against perpetual to target zero net direction; Superstar is directional by design
Chain and venueSolana; Jupiter PerpetualsUSDC deposited on Arbitrum; execution on Hyperliquid
ExitRedeem or swap JLP at any time, subject to pool weights and mint/redeem feesNo fixed lock-up documented; revoke access, exit the strategy, withdraw to your own address
Best fitSolana users who want basket exposure plus fee income and accept being traders' counterpartyUsers who want a hedged funding strategy or a directional mandate, individually held

What is Jupiter JLP?​

JLP is the liquidity provider token for Jupiter Perpetuals, the perpetual exchange on Solana. Traders on Jupiter Perpetuals do not trade against an order book; they borrow from a pool of assets to open leveraged positions. JLP holders own that pool.

How JLP works​

  • The pool holds SOL, ETH, WBTC, USDC, and USDT at target weights. Minting JLP adds to the pool; redeeming removes from it. Fees on mint and redeem rise or fall depending on whether your transaction moves the pool toward or away from its targets.
  • JLP holders receive 75% of the fees traders generate: position open and close fees, hourly borrow fees, and swap fees. The remainder goes to the protocol.
  • Holders are the counterparty to every open position. When traders profit, the pool pays them, and JLP's value falls. When traders lose, the pool keeps their collateral.
  • JLP's price tracks the value of the basket it holds, so a fall in SOL, ETH, or BTC lowers JLP regardless of trading activity. The stablecoin portion cushions this without removing it.
  • JLP is a transferable SPL token. You can hold it in any Solana wallet, trade it on Jupiter, or use it as collateral elsewhere on Solana, with the risks of whichever protocol you take it to.

JLP is often described as a yield product because the fee share is real and visible. It is also a long position in a basket of majors, partly offset by trader losses and reduced by trader gains. Those three exposures are inseparable in the token.

Deploy Finance: funding captured, basket exposure removed​

Deploy Finance runs autonomous trading agents funded and settled in USDC, held per user rather than pooled. The live agents are Income: Funding Rates and Superstar, and both execute on Hyperliquid. Deploy does not run on Solana; you deposit USDC on Arbitrum and the agent bridges it to Hyperliquid.

Deploy Finance's live features​

  • Income: Funding Rates: a market-neutral agent that holds a delta-neutral position, long the asset and short its perpetual, and collects funding paid by leveraged traders. SOL is among the large-cap assets it trades.
  • Superstar: a directional agent that takes long or short positions on BTC, ETH, SOL, and HYPE perpetuals under its defined strategy.
  • Self-custodial agent wallet: your USDC stays in a wallet you control. The agent receives a scoped, revocable session key that can trade on whitelisted venues and cannot transfer or withdraw funds.

A JLP holder is paid fees for carrying the basket and the counterparty risk. Income: Funding Rates is paid funding for carrying a hedged position. If you want SOL price exposure alongside trader-fee income, JLP gives you both in one token. If you want the trader-paid income without the SOL price, the hedged agent is built for that.

You sign in with email or Google, fund the wallet with USDC, choose an agent, and approve the trading permission. There is no token to mint and no pool weight to time.

When should you choose Deploy Finance or JLP?​

Choose Deploy Finance when:

  • You want income from perp traders without holding a long basket of SOL, ETH, and BTC.
  • You want your position individually held in your own wallet rather than as a share of a pool.
  • You want the hedge managed for you rather than hedging JLP yourself with a perp short.
  • You want a directional mandate of your own instead of being every trader's counterparty.

Choose Jupiter JLP when:

  • You are on Solana and want to stay there.
  • You want long exposure to SOL, ETH, and BTC and are happy to earn trader fees on top.
  • You want a liquid, transferable token you can hold in any wallet or post as collateral.
  • You accept that traders' net profits come out of your position.

Different exposures: JLP holders own a basket of majors and take the other side of traders. Income: Funding Rates hedges the asset and collects funding. Deploy Finance does not operate on Solana, and no integration between the products is implied.

Risks on each side​

JLP exposes you to price declines in the basket's majors, to trader profits paid from the pool, to Solana network and Jupiter smart-contract risk, and to mint and redeem fees that change with pool weights.

Deploy Finance exposes you to funding compression or reversal, hedge slippage, liquidation risk on the perpetual leg, Hyperliquid venue risk, bridge risk between Arbitrum and Hyperliquid, wallet-infrastructure risk, and delegated-execution risk. A delta-neutral objective reduces directional exposure; it does not remove any of these.

Two ways to use Deploy Finance​

Income: Funding Rates

Choose this agent if JLP's fee income interests you but its basket and counterparty exposure do not.

Superstar

Choose this agent for a directional view on SOL or the other majors, held alone rather than as the pool's counterparty.

Learn more​

Start with Deploy Finance​

Create a self-custodial Deploy Finance wallet and review the live agents.