USDC Staking (Neutralized JLP) Vault

Strategy Overview

The USDC Delta-Neutral Stable Vault is engineered to deliver consistent, low-risk returns through a fully delta-neutral, dynamically leveraged strategy utilizing the Jupiter Liquidity Provider (JLP) token. Deposited USDC is converted to JLP via Jupiter Swap and deployed as collateral on the Drift perpetual futures platform to establish fully hedged short positions in SOL, ETH, and BTC. This configuration eliminates directional price exposure, maximizing capital efficiency through a 100% hedge ratio that ensures complete neutralization against market movements.

A sophisticated Keeper system continuously monitors trader behavior and order flow dynamics on the Jupiter perpetual platform, maintaining optimal exposure of JLP risk assets to safeguard the delta-neutral stance. By hedging exclusively on Drift perpetuals, the strategy capitalizes on high funding fee accruals, low transaction costs, and elevated JLP collateral valuation, which collectively enhance return efficiency by minimizing costs and maximizing yield capture from passive income streams.

Key Features

• Fully Delta-Neutral Positioning: Eliminates directional risk across SOL, ETH, and BTC, ensuring stability regardless of market swings.

• Automated Rebalancing: Employs real-time Keeper automation to maintain a 100% hedge ratio, mitigating volatility-induced drift.

• Passive Yield Capture: Harnesses JLP liquidity provision fees and Drift perpetual funding rates for steady, staking-like returns without momentum overlays.

• High Capital Efficiency: Leverages Drift’s perpetual infrastructure to optimize collateral usage, delivering low-risk yield farming.

• Low-Risk Profile: Ideal for investors prioritizing capital preservation and consistent returns over aggressive alpha generation.

Withdrawal Terms & Conditions

Redemption Period: Deposits are subject to a 1-day redemption period. Withdrawal requests can be initiated at any time, but funds are accessible only after this period. Profits accrued during the redemption window are forfeited if the request is cancelled.