New high-yield staking project with jUSD
FinForta has listed jUSD, a synthetic dollar from Aegis.im that delivers stable, dollar-pegged exposure while earning yield from real trading activity on the Jupiter Perps platform.
What is jUSD?
jUSD is a synthetic dollar issued by Aegis and backed by JLP, a liquidity provider token that represents a basket of SOL, ETH, BTC and USDC used to support trading on Jupiter Perps. The protocol's goal is to turn the revenue generated by traders - fees, funding payments and liquidations - into a predictable yield stream while keeping price exposure to the underlying assets close to zero.
Instead of relying on idle collateral or bank deposits, jUSD uses an actively managed, delta-neutral structure so it can keep targeting a 1 USD value even in choppy markets or when funding rates are low or negative.
Why JLP is Used as Collateral?
JLP is an LP token that captures revenue from trading activity on Jupiter Perps: trading fees, positive funding and liquidation proceeds whenever over-leveraged positions are closed. Its value moves with both trader performance and the prices of SOL, ETH, BTC and USDC, meaning it naturally earns more in volatile, high-activity environments.
Aegis uses JLP as the core collateral for jUSD because it is an efficient, yield-generating base backed mostly by blue-chip assets, and because its revenue comes directly from real usage of the perps exchange. jUSD then removes the price risk of the assets inside JLP through derivative hedging, so users can keep the yield while shedding most of the directional market exposure.
How the jUSD Strategy Works
The central design of jUSD is to isolate JLP's revenue and strip out price risk by pairing long JLP exposure with short perpetual positions that mirror JLP's asset composition. As the mix of SOL, ETH, BTC and USDC in JLP changes over time, Aegis dynamically rebalances the hedge so that gains and losses from price movements offset each other, while trading revenue continues to accrue.
Operationally, the system spans Ethereum, Solana and the venues used for hedging:
USDC deposited into the jUSD minting contract on Ethereum.
USDC is bridged to Solana and used to purchase JLP.
Part of the JLP is posted as collateral to borrow USDC; the rest sits in a multisig.
Borrowed USDC is sent to a custodian, mirrored on an exchange and used to open short perps aligned with JLP's composition.
Hedges are continuously monitored and resized as JLP changes, and revenue is periodically converted into newly minted jUSD that is directed into the staking contract, increasing the value of sjUSD.
On redemption, JLP is sold, USDC is bridged back, and a proportional part of the hedge is closed, keeping the system consistent end-to-end.
jUSD on FinForta: Who is it For
By listing jUSD, FinForta gives investors an easy on-ramp into a DeFi-native, delta-neutral yield strategy built on Jupiter's trading activity - without requiring them to manage wallets, bridges, perps positions or complex hedging setups themselves. It may be a good fit if you want:
Dollar-like stability that is backed by on-chain activity rather than traditional bank deposits.
Yield sourced from real trading volume and funding, not from directional bets on SOL, ETH or BTC.
A regulated, user-friendly platform that handles onboarding, monitoring and reporting for you.