LFG Launchpad: Adrastea Finance, DeFi Strategies

Jupiter DAO LFG Introductions
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1. Right so the concept is you use your JLP to make even more gains, concept clearly works for GLP.

This concept is part of our initial strategy, leverage. We are also developing additional strategies. These may not aim to generate more gains, but instead offer various risk profiles products for users.

2. What is the price of $GLP (can’t find the token on Coinmarketcap) and has $GLP price crashed due to blackswan events? If so, due to your protocol JLP could get rekt from people being overleveraged during a blackswan.

GLP was the main LP token of GMX before they moved to the GMX v2 model (GM tokens, individual pools instead of an index). GMX was launched in 2021 just before the bear market and had around $700 million TVL last year in May. As GLP was an index like JLP with Jupiter, market impact or black swan events do not influence the token price as severely as the market reacts. For example, the GLP price in December 2021 was $1.3 and dropped to $0.7 in June 2022 (around a 40% drop in price), compared to ETH dropping by 80% and Solana by 96%. However, it’s important to mention that JLP has Solana as an underlying asset among other coins, making it more volatile in nature. We understand this and, based on historical data, structure our target leverage to withstand more than a 40% price drop of JLP without adrJLP vault getting liquidated.

3. What are the exact types of strategies that you intent implement in your protocol, can you go into basic technical aspects and how these aspect would allow for higher ROI when compared to throwing JLP into MarginFi, KaminoFi, Drift etc.
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4. Do you plan to adopt any new strategies to increase ROI on JLP that would beat competitors?

Kamino and others provide manual instruments to create and manage your own strategies. You can read more information in my previous reply: LFG Launchpad: Adrastea Finance, DeFi Strategies - #21 by businessmanager

As I mentioned before, the JLP future ecosystem consists of way more things than pure higher ROI. One great example that you can think of is Delta Neutral strategies, which allow you to stay neutral to the market (stay in USDC or USDT position) and still have a possibility to earn high JLP APY. You are not being exposed to volatile underlying assets of the JLP index and just earning pure yield. This does not provide a higher ROI but diversifies our risk products we offer to customers.

We have a list of strategies that we prioritize to launch on top of JLP, but we are not limited to JLP or even LP tokens. We are building automated and easy-to-use strategies across protocols and markets.

5. How do you aim to gain market share if your strategies don’t beat competitors?

From the experience on Arbitrum, innovations beat competitors. There was even a specific name created for the competition around GLP: GLP Wars. Protocols that were able to move fast and innovate by launching new strategies were able to keep or gain market share. This is what our team is built for; my co-founder 3figs works with the team on identifying/drafting new strategies, testing and trialing models of implementations, and assessing feasibility for the Solana market.

Hope that covers your questions :handshake:

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Great choice on the launchpad to avoid bots! What were your initial plans if LFG launchpad didn’t exist?

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I’ve been a supporter of this project for some time and I am very much looking forward to participating in the planned Beta testing phase. Enriching and deepening the suite of offerings around JLP is a positive and symbiotic relationship between Adrastea and Jupiter. Solana itself, with its high speed, low cost transaction system is a natural habitat for the explosion of DeFi and Adrastea has chosen JLP a strong and growing index type fund to build a suite of offerings and services on. It is a very strong and exciting project and I am looking forward to seeing it grow.

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I have been using the JLP token as a place to store “cash” for savings. I’m planning on using Adrastea to bump a portion into even higher yield.

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I really believe Adrastea is a great addition to the JUP ecosystem. JUP and the whole Jupiter aggregator are already the best build on Solana and Adrastea could boost this ecosystem further into the best system ever developed in crypto. More APR for the jup liquidity will bring even more stability to Jupiter.

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I really like the idea of your project.
How do you plan to add value to your token, today we are in a period of AirDrop and other yields and despite everything the tokens are struggling to appreciate?

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can you expand on the plans for the education piece? i haven’t had a chance to listen to the Spaces or interact with any content, but it seems a bit random for a project otherwise focused on building perps strategies

thanks

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Solid Team, clear roadmap, definitely upvoting Adrastea!

One question though: How does Adrastea differ from other competitors of concentrated Liquidity Yield Optimizer for Active LPs on SOL such as Hawksight?

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Hey everyone,

With the TGE scheduled for April, what steps are you taking to ensure complete readiness in terms of marketing and technology?

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Listened to your AMA presented by Burner & moderated by Slorg etc on Jup channel - YouTube. Was a brilliant presentation with answers to most questions I will love to ask.

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Hi Dashwood,

Thanks for the question, I’ve already covered it here:

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Thanks for the question Christo,

We offer different product to the market, automated strategies on top of the perpetual trading lp index, such as JLP for example. You can learn more from the AMA we did last week:

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Hi Redbadr,

I’ve covered briefly about the token here:

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I really think this is a great project that will surely help boost the ecosystem and use case for JLP! It’s 2024, people deserve to have seamless and simple interaction with DeFi! No more complex, hoop jumping for yield! My question is what will differ with your UI compared to other similar platforms? Will it be modeled similar to other great UI’s that have been built on Solana?

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To the team at Adrastea, here’s a humble suggestion: Keep engaging with your community with openness and transparency. Make sure your platform is secure and users feel safe. Keep educating everyone about DeFi, and never stop learning from each other. Collaborate with others to grow together. Stay nimble and innovative, with a clear vision guiding your journey. And always, always, follow the rules and regulations to ensure a solid foundation for your project.

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Interesting product. We really need product to discover the yield farming opportunities in Sol

1 Like