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JPool Staked SOL (JSOL)

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Discover JPool Staked SOL (JSOL)'s fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is JPool Staked SOL (JSOL)?

JPool Staked SOL (JSOL) is a token that represents staked SOL tokens in the Solana ecosystem. It allows users to overcome the illiquidity issue of staked SOLs by providing a tradable token that can be freely exchanged in the open market. Each JSOL token corresponds to one staked SOL token, ensuring a balanced market value. JSOL token holders continue to receive rewards proportionate to the staked SOL tokens, making it a yield-bearing asset. The token is part of the JPool staking pool, which offers low fees, advanced smart strategy, and an attractive user interface.

How is JPool Staked SOL (JSOL) used?

JPool Staked SOL (JSOL) is a token that represents SOL staked in JPool, a Solana liquid stake pool. When users stake SOL through JPool, they receive JSOL tokens, which serve as proof of their ownership in the pool. These tokens can be used in various ways:

  • Liquidity Mining: JSOL tokens can be used to provide liquidity in liquidity pools on platforms like Raydium, Saber, Orca, and Atrix, earning additional yields. This process is known as "mining" liquidity.
  • Instant Unstaking: Users can instantly unstake their SOL by swapping their JSOL tokens for SOL or USDC in one of the liquidity pools, allowing for quick access to their staked SOL.
  • DeFi Integrations: JSOL tokens can be integrated with various DeFi protocols, enabling users to earn additional rewards on their staked SOL.

Overall, JSOL tokens offer flexibility and liquidity to users who stake SOL through JPool, allowing them to participate in the Solana network's consensus mechanism and earn rewards while maintaining control over their assets.

How do I store JPool Staked SOL (JSOL)?

To store JPool Staked SOL (JSOL) tokens safely, it is recommended to use "Cold Wallets," which are wallets that are totally offline. This ensures the highest level of security for your tokens.

How to buy JPool Staked SOL (JSOL)?

To buy JPool Staked SOL (JSOL) tokens, follow these steps:

  1. Connect to a Decentralized Exchange (DEX):

    • Go to a decentralized exchange (DEX) such as Raydium, which is the most popular exchange for buying and trading JSOL tokens.
    • Ensure you have a Web3 crypto wallet like Metamask or an App wallet like Trust Wallet installed and set up.
  2. Set Up Your Wallet:

    • Connect your wallet to the DEX. This will allow you to interact with the exchange and make transactions.
  3. Fund Your Wallet:

  • Ensure you have sufficient SOL or other supported tokens in your wallet to make the purchase.
  1. Place an Order:

    • Navigate to the JSOL trading pair, such as JSOL/SOL or JSOL/USDC, and place a buy order at the desired price.
  2. Monitor and Manage Your Tokens:

    • Once you have purchased JSOL tokens, you can store them in your wallet, trade them for other cryptocurrencies, or use them to earn staking rewards.

By following these steps, you can successfully buy and manage your JPool Staked SOL (JSOL) tokens.

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History of JPool Staked SOL (JSOL)

JPool Staked SOL (JSOL) is a cryptocurrency token that represents staked SOL tokens in the Solana ecosystem. The token was introduced in 2021 and operates on the Solana platform.

Historically, JSOL has experienced significant price fluctuations. Its all-time high was recorded on March 8, 2024, at $1,694.09, while its all-time low was on December 29, 2022, at $8.81. This represents a substantial increase of 1,677.85% from its lowest point to its highest point.

The token's performance is closely tied to the Solana ecosystem and the broader cryptocurrency market. It has been traded on various exchanges, including decentralized exchanges like Raydium, where the most active trading pair is JSOL/USDC.

JSOL's market capitalization has also varied over time. At one point, it reached a fully diluted market capitalization of $88,370,000,000, indicating significant potential for growth and adoption.

The token's significance lies in its ability to provide liquidity to SOL stakers, allowing them to participate in yield farming opportunities without unstaking their SOL tokens. This innovation has enhanced the DeFi space on Solana, offering a more flexible and efficient way for stakers to manage their assets.

Overall, JPool Staked SOL (JSOL) has a rich history marked by significant price movements and market fluctuations. Its potential for growth and adoption continues to attract investors and traders in the cryptocurrency space.

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How JPool Staked SOL (JSOL) works

JPool Staked SOL (JSOL) is a cryptocurrency token that represents staked SOL (Solana) in the JPool stake pool. Here's how it works:

Staking and Delegation

To participate in the JPool stake pool, users create a new staking account and transfer their SOL into it. They then delegate the new staking account to the JPool stake pool. After two epochs, the stake is fully active and deposited into the pool, and users receive JSOL tokens as proof of their ownership in the pool.

JSOL Tokens

JSOL tokens serve as a representation of the user's share in the stake pool. These tokens can be traded back for SOL at the end of any epoch, and users receive more SOL than they originally staked, including the accrued APY (Annual Percentage Yield) over the staking period.

Liquidity Pools and DeFi Integrations

JSOL tokens can be used to gain additional yields by providing liquidity in various liquidity pools on platforms like Raydium, Saber, Orca, and Atrix. This allows users to earn more rewards while maintaining the flexibility to unstake their SOL instantly by swapping JSOL for SOL or USDC.

Security and Strategy

JPool uses the Solana Foundation's stake pool program, which has undergone three audits and is considered highly secure. The program ensures that users' funds are insulated from the pool, and JPool's smart delegation strategy aims to maximize returns on staked SOL while strengthening the Solana network.

Unstaking and Rewards

When users decide to withdraw their stake, they return their JSOL tokens to the stake pool. If there is a sufficient reserve balance, they receive their SOL immediately. Otherwise, SOL is withdrawn from multiple validators and placed into several stake accounts under the user's ownership, which can be unstaked at the end of the epoch.

Market and Trading

JSOL tokens can be traded on decentralized exchanges, with the most active trading pair being JSOL/USDC on Raydium. The token's price is calculated in real-time by aggregating data across multiple exchanges and markets, using a global volume-weighted average formula.

Overall, JPool Staked SOL (JSOL) provides a secure and flexible way for users to stake their SOL, earn rewards, and participate in the Solana DeFi ecosystem.

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JPool Staked SOL (JSOL)'s strengths

The token JPool Staked SOL (JSOL) has several strengths that make it a notable player in the Solana ecosystem:

  1. Staked Value Representation: Each JSOL token corresponds to one staked SOL token, ensuring that the value in the market is balanced and authentic.

  2. Yield Bearing: JSOL token holders continue to receive rewards proportionate to the staked SOL tokens, ensuring that they do not miss out on benefits despite the tokens being staked.

  3. Liquidity: JSOL tokens can be freely traded in the open market, providing liquidity to SOL stakers and allowing them to make the most of yield farming opportunities without unstaking their SOL tokens.

  1. Security: JPool, the stake pool behind JSOL, uses Solana Foundation's 3x audited stake pool program, ensuring that funds are 100% insulated from the pool and providing a high level of security.

  2. Flexibility: JSOL tokens can be used in various DeFi applications, such as mining liquidity on Raydium or Saber, and can be instantly unstaked with a small fee of 0.05% or swapped for SOL or USDC in liquidity pools.

These strengths make JSOL a robust and versatile token that addresses the illiquidity issue of staked SOL tokens while providing a secure and flexible way to participate in DeFi applications on Solana.

JPool Staked SOL (JSOL)'s risks

JPool Staked SOL (JSOL) carries significant financial risks. It is a high-risk investment with substantial volatility, making it suitable only for those with a high tolerance for risk and a strong financial position. The risks include the potential for significant losses, particularly if the market experiences a downturn. Additionally, the liquidity mining process involves the risk of impermanent loss, although this is mitigated in the case of the JSOL-SOL pair due to JPool's automatic regulation of the exchange rate.

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Did JPool Staked SOL (JSOL) raise funds?

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JPool Staked SOL (JSOL)'s ecosystem

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JPool Staked SOL (JSOL)’s team

  • Founders and Team Members: The team behind JPool Staked SOL (JSOL) includes the founders and developers who created and maintain the Solana staking pool implementation, ensuring high rewards at low risk levels while providing a DeFi token.

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