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Disclaimer: The information provided in this trade alert is for educational and entertainment purposes only and should not be considered as financial advice. The author is not a financial advisor and is only sharing their personal trading activities in full transparency. The opinions expressed in this alert are the author's own and do not reflect the views of any other individual or organization. Investing in cryptocurrencies and other financial instruments involves a high degree of risk, and you should not invest money that you cannot afford to lose. Always do your own research and consult with a licensed financial advisor before making any investment decisions. The author is not responsible for any losses or damages resulting from the use of the information provided in this alert.

I had a big bag of JLP for some time now. It accrued 120% APY to 80% APY

The APY just flipped from 81% to 31% - a massive 50 percentage point haircut.

I decided to swap my JLP into SOL. My theory is SOL has more upside than JLP from here over the short to medium term.

I also bought more SOL with it. This may not be the bottom but it is a darn good price from what we have seen of late. I balance risk and reward.

I will use this SOL to flip into SOL ALTS when the time comes. Or back to JLP when the rate returns to 60-80%

Rate was 0.02155 SOL per JLP

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Comments

SRF13

Is JLP the same as JUP?

SRF13

Would you flip JUP to SOL?

Bman63

Perfect timing as I just finished watching 4 of the 17 option playbook videos and James was talking about swapping between assets! Thank you James for all that you do! :)

Jase

I did this with all of my SOL alts in early April

angloblaxon

I tried a weak sol perp trade today. Man my 2 sol test gonna moon! Hahaha

Aaron Giles

Anybody worried??? Alts are bleeding bad.... is all this selling planned by the Governments. I'm getting uncomfortable.

Kenny

Why the sell off

Wil

Market cap shaves off 200 billion because it is worried about 15 billion worth of Gox and Germany All I can do is laugh

OrcinusOrca

Why laugh? We are about go go into loosing levels. I don't find this funny. Serious matter dude... serious matter.

Investment_Eagle

Crazy how sol and tesla where the same price 2 weeks ago

Vik

Are these videos from James? Can you please point me in their direction?

Scarla Pump

Not sure I do understand this JLP story. Aren't these pools subject to impermanent losses usually and carry significant risks (which effectively justifies the high APY)? What am I missing here, how does this JLP work exactly?