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About JGLP and USDT
Jones GLP is climbing, while Tether is falling this week. The current JGLP to USDT conversion rate is 0.05911. Inversely, this means that if you convert 1 USDT you will get 16.92 JGLP. The conversion rate of JGLP/USDT has increased by 0% in the last hour (USDT/JGLP decreased by 0%). In the last 24 hours, JGLP/USDT grew by 0%, while USDT/JGLP shrunk by the same amount.
The exchange rate of Jones GLP is increasing. The current value of 1 JGLP is 0.05911 USDT. In other words, to buy 5 Jones GLP, it would cost you 0.29557 USDT. Inversely, 1 USDT would allow you to trade for 16.92 JGLP while 50 USDT would convert to 845.81 JGLP, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.04%. Meanwhile, in the last 24 hours, the rate has changed by 0%, which means that the highest exchange rate of 1 JGLP to USDT was 0.05913 USDT and the lowest 24 hour value was 1 JGLP for 0.05911 USDT. Last month, 1 JGLP was worth 0.05912 USDT. Today, it's down 0.01%. Looking back a year, Jones GLP has changed by 1.39 USDT. That means that in a single year, the value of Jones GLP has shrank by 2,247.59%.
Jones GLP Market Stats
jGLP is a product of JonesDAO, a protocol that is already listed on CoinGecko. Jones DAO is a yield, strategy, and liquidity protocol for options. We deploy vaults that enable one-click access to institutional-grade options strategies while unlocking capital efficiency & liquidity for DeFi options through yield-bearing options-backed asset tokens. Jones recently launched a set of advanced strategy vaults, jGLP & jUSDC, that are built on top of the GMX platform and GLP. These vaults deliver transparent and consistent leveraged yield to users. They work in tandem to amplify the yield generated by GLP for depositors. - jGLP: Smart Leverage on the underlying GLP rewards rate - jUSDC: Transparent USDC yield without the inefficiencies of competing methods Both vaults offer optional auto-compounding. Choosing to auto-compound allows users to mint the jGLP and jUSDC receipt tokens. The jGLP vault accrues yield in ETH, while the jUSDC vault accrues yield in USDC. How do they work? The jGLP and jUSDC vaults are complementary. At a high level, the two Vaults work together by doing the following: 1. Users can deposit GLP or any GLP basket token into the jGLP Vault, and USDC into the jUSDC Vault. 2. The jGLP Vault borrows USDC collateral from the jUSDC Vault to mint more GLP, thereby gaining leverage on its GLP position. 3. The jGLP Vault delivers amplified and transparent real yield to depositors. 4. The jUSDC Vault delivers USDC yield to depositors by receiving a portion of the yield from the GLP strategy built on its collateral. The jGLP Vault only borrows from the jUSDC vault, and does not interact with any other leverage sources. jGLP maintains exposure similar to the broad crypto market (i.e ETH, BTC, etc.) while earning multiples of the base GLP yield. Even better, jGLP uses Smart Leverage, developed with extensive backtesting, to automatically rebalance within an algorithmically determined range.
Tether Market Stats
Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT on any other blockchain to Coinbase.
Conversion tables
JGLP to USDT values from Today at 12:12 am
0.5 JGLP = 0.02956 USDT |
1 JGLP = 0.05911 USDT |
5 JGLP = 0.2956 USDT |
10 JGLP = 0.5911 USDT |
50 JGLP = 2.96 USDT |
100 JGLP = 5.91 USDT |
500 JGLP = 29.56 USDT |
1,000 JGLP = 59.11 USDT |
USDT to JGLP values from Today at 12:12 am
0.5 USDT = 8.46 JGLP |
1 USDT = 16.92 JGLP |
5 USDT = 84.58 JGLP |
10 USDT = 169.16 JGLP |
50 USDT = 845.81 JGLP |
100 USDT = 1,691.62 JGLP |
500 USDT = 8,458.12 JGLP |
1,000 USDT = 16,916.25 JGLP |
JGLP to USDT over time
JGLP | Today | 24H 0.00% | 1M -0.01% | 1Y -2,247.59% |
|---|---|---|---|---|
0.5 JGLP | 0.02956 USDT | 0.02956 USDT | 0.02956 USDT | 0.6939 USDT |
1 JGLP | 0.05911 USDT | 0.05911 USDT | 0.05912 USDT | 1.39 USDT |
5 JGLP | 0.2956 USDT | 0.2956 USDT | 0.2956 USDT | 6.94 USDT |
10 JGLP | 0.5911 USDT | 0.5911 USDT | 0.5912 USDT | 13.88 USDT |
50 JGLP | 2.96 USDT | 2.96 USDT | 2.96 USDT | 69.39 USDT |
100 JGLP | 5.91 USDT | 5.91 USDT | 5.91 USDT | 138.78 USDT |
500 JGLP | 29.56 USDT | 29.56 USDT | 29.56 USDT | 693.89 USDT |
1,000 JGLP | 59.11 USDT | 59.11 USDT | 59.12 USDT | 1,387.78 USDT |
Frequently asked questions
Right now, 1 Jones GLP is worth about $0.05907.
Based on the current rate, you could get 16.93 JGLP for 1 USD.
You can use our JGLP to USD calculator at the top of this page to convert any amount of JGLP to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 84.65 JGLP. Inversely, 5 JGLP will cost about $0.2953
Jones GLP can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Jones GLP.
There are a number of crypto assets that have the a similar or comparable market cap to Jones GLP, including , , and . For a more robust list of assets to explore, jump to the asset page dedicated to Jones GLP.
Buy Jones GLP with Coinbase
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.