Jupiter Labs launches high-leverage trading product YOLO, aiming to rival PaperTrade with up to 1000x leverage

PANews reported on October 15 that Jupiter co-founder SIONG announced on X that Jupiter Labs has launched a high-leverage trading product called YOLO, supporting up to 500x to 1000x leverage. The product draws on the JLP model and adopts a mechanism different from traditional perpetual contracts: user positions are settled based on simulated real market prices, but profits and losses still involve real funds, without the need to actually execute large-scale leveraged positions in the market.

SIONG cautioned that YOLO's profits are paid out by the liquidity pool, and if the pool's liquidity is insufficient to cover profits, user withdrawals may enter a queue rather than being credited immediately. The product is still in an early experimental stage and carries its own risks and limitations.