Research Summary
The report discusses the potential of Jupiter ($JUP), a spot swap and perpetual DEX on the Solana blockchain, and Adrastea Finance, a vault strategy protocol built on Jupiter. It highlights the benefits of Adrastea’s vaults, which include amplified yields, optimized strategies, and real yield in USDC.
Key Takeaways
Jupiter’s Potential
- Jupiter’s Performance: Jupiter, a spot swap and perpetual DEX, has generated lucrative revenue-based yields in DeFi. It has achieved a trading volume of approximately $9B, $100M in AUM, and 47K traders in the last 30 days. The report suggests that projects built on Jupiter could see significant growth and more airdrops for $JUP holders.
- Jupiter’s Unique LP System: Jupiter features a unique LP system, the JLP token, which contains a basket of cryptocurrencies like USDC, USDT, ETH, BTC, and SOL. LPs act as the counterparty for all trades on Jupiter while earning 70% of the yield from Jupiter protocol fees.
Adrastea Finance’s Vault Strategy
- Adrastea’s Vault Strategy: Adrastea Finance has built one-click vaults with various strategies suitable for different risk profiles. Users can expect up to 300% real yield APY collected from trading fees with Adrastea. The vaults work together to boost the yield generated by JLP for depositors.
- Risk Mitigation: To mitigate risk, the adrJLP Vault only borrows from the adrUSDC vault and not from other sources. Due to the rebalancing to keep the risk within ranges, LPs may experience a decrease in APY, but won’t be liquidated, protecting users’ investments.
- Benefits of Adrastea Vaults: Adrastea vaults offer amplified yields through leverage and principal protection, optimized strategies for various risk profiles, and real yield in USDC regardless of market conditions.
Team and Backers
- Team and Backers: Adrastea Finance is built by the team that made Pawnshop Gnomies, the first and Nº 1 NFT Lending protocol on Solana. They have raised funds from Tier 1 Solana communities and do not involve VCs.
Actionable Insights
- Monitor Jupiter’s Performance: Given Jupiter’s impressive stats and potential for growth, it may be beneficial to keep an eye on its performance and any new projects built on it.
- Consider Adrastea’s Vault Strategy: Adrastea’s vault strategy offers high yields and risk mitigation. It may be worth considering for those looking for diversified investment strategies in the DeFi space.
- Research the Team and Backers: The team behind Adrastea Finance has a proven track record with Pawnshop Gnomies. Their backing from Tier 1 Solana communities could indicate strong support and potential for success.
