Add $Jup with Liquidation-Free Longing via Pjup on Jupiter Perpetual

Jupiter DAO
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1

Proposal: Introduce $Jup to Jupiter Perpetual with a unique long position mechanism. When users long $Jup with 3 to 5x leverage, they receive Pjup tokens representing their position. This design eliminates liquidation risk, enhancing trading stability and user confidence.

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Aim: To provide a safer leveraged trading option for $Jup, encouraging more participation and deeper liquidity on Jupiter Perpetual.

Benefits:

  • No liquidation risk for long $Jup positions, reducing trader stress and losses.
  • Pjup tokens create a transferable, transparent representation of leveraged positions.
  • Incentivizes higher leverage usage, increasing platform volume and revenue.
  • Enhances user trust and attracts new traders seeking safer leverage options.

This proposal strengthens Jupiter Perpetual’s offering by combining leverage with risk mitigation, fostering a more robust trading ecosystem.

4 Likes
2

This is an intriguing feature that will bring more trader to Jupiter, my suggestion is instead of creating new token (pjup) to represent their position, why can’t we use already existing token like jupusd jupsol or JLP

3

Thanks for your contribution not a bad idea, the main purpose is great alignment and more strength to $Jup token. Instead of creating Pjup we can make use of JLP.

1 Like
4

Long Jup without liquidation is a good idea, Hylo do something similar with sol.

5

This is a great idea; I hope the team considers it.

6

Long jup as Leverage pair without liquidation is a good move but I think we don’t need any other token should be peg to existing jupiverse token.