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| Dex Aggregator 🚀 |
Jupiter is a decentralized exchange (DEX) aggregator built on Solana, optimizing trades between supported token pairs. It aggregates liquidity from multiple DEXs, addressing fragmented liquidity issues in DeFi. Jupiter aims to provide a single interface for accessing liquidity across various pools.
The platform was launched in October 2021 by the pseudonymous founder "Meow" and has since expanded into a full-stack ecosystem. Additional features include a dedicated pool for perpetuals trading and plans for a stablecoin.
Jupiter's main offerings include:
1. DEX aggregator and swaps: Aggregating liquidity from various DEXs for optimized trade execution.
2. Limit ordering: Allowing traders to set specific buy or sell prices.
3. Dollar cost averaging (DCA): Facilitating automatic purchasing of tokens at set intervals.
4. Jupiter Liquidity Pool (JLP): Enabling liquidity providers to deposit assets and earn fees.
5. Perpetuals exchange: Offering leverage up to 100x.
The JUP token is used for governance and eligibility for ecosystem initiatives. The token's supply is capped at 10 billion, with 50% allocated for community distribution and the remaining 50% reserved for team and operational needs.