Jupiter will stake up to 580 million USD SOL into the JLP fund through the internal staking mechanism.

This action helps to increase the yield of JLP and enhances the staking weight for Jupiter's validator nodes.

MAIN CONTENT

  • Jupiter commits to stake 580 million USD SOL in the JLP fund.

  • This staking applies the internal staking mechanism on the SOL platform.

  • Increase the yield of the JLP fund and the staking weight of Jupiter's validator nodes.

How much cryptocurrency SOL has Jupiter staked in the JLP fund?

Jupiter has decided to stake up to 580 million USD SOL into the JLP fund through the platform's native staking mechanism.

This figure reflects Jupiter's strong commitment to supporting the JLP fund and contributing to ensuring liquidity, providing higher profits for investors in the ecosystem.

How does this staking affect the yield of the JLP fund?

By staking a large amount of SOL directly into JLP, Jupiter will increase the yield of the fund.

The yield is improved thanks to the increased staking weight for Jupiter's validator nodes, thereby enhancing operational efficiency and increasing rewards for investors participating in the fund.

How does Jupiter's staking affect the validator nodes?

Delegating SOL helps increase the staking weight of the validator nodes belonging to Jupiter.

This increases the ability to validate transactions and the reliability of the network while reinforcing Jupiter's position in the validator node community on the system.

“Increasing the stake in the JLP fund not only enhances the yield but also contributes to reinforcing the security and sustainable development of the ecosystem.”
Quote from the leadership of Jupiter, 2024

Frequently Asked Questions

How does Jupiter stake SOL?

Jupiter uses an internal staking mechanism (native staking) to stake SOL directly into the JLP fund.

How does staking affect the profits of investors?

Staking helps to increase the yield of the JLP fund, thereby generating additional profits for investors participating in the fund.

How does Jupiter's staking affect the SOL network?

This helps to increase the weight and power of Jupiter's validator nodes, enhancing network security.

What is the total value of SOL staked?

Jupiter will stake up to 580 million USD SOL into the JLP fund.

Source: https://tintucbitcoin.com/sol-jupiter-vay-the-chap-580-trieu-usd/

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