Keystone Core × Jupiter: Proposal for a Jupiter-Native Asset Management Layer

Jupiter DAO
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Keystone Core × Jupiter: Proposal for a Jupiter-Native Asset Management Layer

Keystone has evolved into a fully Jupiter-native system designed to deploy ecosystem capital on-chain.

We’re sharing this ahead of mainnet to align with the Jupiter community.

Why This Matters

Keystone introduces a missing layer in the ecosystem: capital allocation.

JUPUSD / SOL / LSTs
        ↓
   Keystone Core
        ↓
Structured strategies
        ↓
Yield + execution through Jupiter

Instead of sitting idle, capital is deployed into structured strategies and routed back through Jupiter.

This drives:

  • consistent routing flow
  • integrator fee generation
  • deeper liquidity across SOL and LST markets
  • real utility for JUPUSD

Keystone Core

Keystone Core is a single on-chain portfolio.

Deposit once. Select a risk profile. The system handles the rest.

Capital is allocated across three strategies:

  • Alpha — directional SOL exposure
  • Neutral — market-neutral funding + basis carry
  • Defense — dislocation and stress strategies

They operate as one system, not separate vaults.

Execution

Execution is fully aligned with Jupiter:

  • spot routing through Jupiter
  • perps via Jupiter Perps
  • no external venue dependencies

All capital flow stays within a single execution layer.

Assets

Keystone Core accepts:

  • SOL
  • LSTs (jitoSOL, JupSOL)
  • USDC
  • JUPUSD

Assets are converted on entry and deployed automatically.

This makes Keystone:

a yield layer for JUPUSD and ecosystem capital

What Changed

  • removed external dependencies
  • aligned execution with Jupiter + Jupiter Perps
  • consolidated into a single portfolio
  • added support for ecosystem assets

The system is now simpler and more resilient.

What We’re Looking For

Ahead of launch, we’d like to align on:

  • Keystone as a yield layer for JUPUSD
  • integration with Jupiter Perps
  • fit within Jupiter’s capital + routing strategy

We’re also exploring a treasury pilot post-launch:

  • $2M–$5M
  • 90 days
  • starting with USDC

Closing

Keystone is now fully aligned with Jupiter in both execution and capital flow.

Would appreciate feedback on:

  • Keystone as a JUPUSD yield layer
  • how to best align with Jupiter Perps

Appreciate any thoughts.