jGLP From JonesDAO - How It Offers Higher Yield for $GLP Holders
Currently, there are at least 5 protocols building on top of GMX's $GLP for the "real ETH yield" it offers. Among all of them, JonesDAO's jGLP & jUSDC vault is the new player and is performing well. According to @defimochi' dashboard, jGLP has taken over 28% GLP shares since launching on late January 2023, in addition to lots of shares of Mugen and Plutus. So what is jGLP and how does it attract such an amount of GLP so fast? In this article, we're going to breakdown the basic mechanism of jGLP and jUSDC vault into detail.0xivecott
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