- jUSDC is a product of JonesDAO,a protocol that is already listed on CoinGecko. - Jones #DAO is a yield,strategy,and liquidity protocol for options. - We deploy vaults that enable oneclick access to institutionalgrade options strategies while unlocking capital efficiency & liquidity for #DeFi options through yieldbearing optionsbacked asset tokens. - Jones recently launched a set of advanced strategy vaults,jGLP & jUSDC,that are built on top of the GMX platform and GLP.These vaults deliver transparent and consistent leveraged yield to users. - They work in tandem to amplify the yield generated by GLP for depositors. - jGLP: Smart Leverage on the underlying GLP rewards rate jUSDC: Transparent USDC yield without the inefficiencies of competing methodsBoth vaults offer optional autocompounding. - Choosing to autocompound allows users to mint the jGLP and jUSDC receipt tokens. - The jGLP vault accrues yield in ETH,while the jUSDC vault accrues yield in USDC.How do they workThe jGLP and jUSDC vaults are complementary. - At a high level,the two Vaults work together by doing the following:1. - Users can deposit GLP or any GLP basket token into the jGLP Vault,and USDC into the jUSDC Vault.2. - The jGLP Vault borrows USDC collateral from the jUSDC Vault to mint more GLP,thereby gaining leverage on its GLP position.3. - The jGLP Vault delivers amplified and transparent real yield to depositors.4. - The jUSDC Vault delivers USDC yield to depositors by receiving a portion of the yield from the GLP strategy built on its collateral.The jGLP Vault only borrows from the jUSDC vault,and does not interact with any other leverage sources. - jGLP maintains exposure similar to the broad crypto market i.e ETH,BTC,etc. - while earning multiples of the base GLP yield. - Even better,jGLP uses Smart Leverage,developed with extensive backtesting,to automatically rebalance within an algorithmically determined range..
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