Highest leverage up to 1000x, Jupiter launches YOLO trading product

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