Jupiter said on Oct. 16 that its high-leverage trading product YOLO surpassed $1 billion in trading volume less than 24 hours after going live. The product currently supports SOL, BTC and ETH, with leverage of up to 1000x. According to the announcement, YOLO was launched by Jupiter Labs as a product positioned against PaperTrade and built with ideas drawn from the JLP model. It simulates positions using real market prices, which means profits and losses are real, but the platform does not execute leveraged positions of the same size in the live market. Jupiter also said profits are paid out by a liquidity pool. If liquidity is insufficient, payouts may be placed in a queue.
Jupiter said on Oct. 16 that its high-leverage trading product YOLO recorded more than $1 billion in trading volume in less than 24 hours after launch.
YOLO currently supports SOL, BTC and ETH, with leverage of up to 1000x.
How the product works
According to Jupiter, YOLO was launched by Jupiter Labs, is positioned against PaperTrade, and draws on the JLP model. It simulates positions using real market prices, so profits and losses are real, but the platform does not actually execute leveraged positions of the same size in the market.
Jupiter said profits are paid out by the pool. If liquidity is not sufficient, redemptions may enter a queue.
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