Up to 1000x leverage supported, Jupiter launches YOLO trading product

Odaily reports that SIONG posted on X platform stating that Jupiter Labs has launched an experimental high-leverage trading product YOLO, supporting 500x to 1000x leverage. The product draws on the JLP model, simulating positions based on real market prices, but profit and loss actually occur without the need to execute leveraged positions of corresponding scale in the market. YOLO's profits are paid out from a liquidity pool; if the pool's liquidity is insufficient, related payments may be queued rather than settled instantly. SIONG stated that this model differs from traditional perpetual contracts and has its own risks and limitations. YOLO is currently still in its early stages, and the product was launched to provide experimental space for new financial products and trading experiences, with inspiration from PaperTrade.