Chillguy breaks structure this weekend, Iโll be looking to long. Same goes for Fart Coin letโs hope we move up this weekend! https://t.co/2ytoyloOEu
Mayer Multiple:
On-chain data and the Mayer Multiple signal #Bitcoin might be approaching a bottom, dropping from 1.82 to 0.9. A dip to 0.7 could point to a bottom between $46,000-$50,000.
While itโs a lagging indicator, recent price action suggests rising buyer strength.
Understanding the $JLP token
JLP is a sneak peek at the future of equities on chain. This derivative is a pure public decentralized revenue sharing vehicle. It is the future all companies with tokenize like this and capitalism will be represented like this. The hygiene is clear.
You just have to hold it. No committments. Anyone anywhere in the world.
The JLP token is the liquidity provider token where it's value is derived from:
- An index fund of $SOL, $ETH, $WBTC, $USDC, $USDT.
- Trader's profit and loss.
- 75% of the generated fees from opening and closing fees, price impact, borrowing fees, and trading fees of the pool.
The Jupiter Liquidity Provider (JLP) Pool is a liquidity pool where it acts as a counterparty to traders โ when traders seek to open leverage positions, they borrow tokens from the pool.
The APY, denominated in USD, is calculated based on 75% of fees generated from perps trading activities which does not include assets appreciation and traders PnL. The generated fees are distributed back to holders by redepositing the fees into the pool hourly.
I highly suggest holding JLP. A public way to gain exposure to owning a part of the economy.