What is Jupiter
Jupiter stands out as a significant DeFi protocol on the Solana blockchain, processing a substantial $3.7 billion in transaction volume in November 2023.
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Investments:
5M USDT

Jupiter

What actions were necessary last time?
  1. Visit Jupiter Aggregator website;

  2. Connect your wallet;

  3. Engage with Swap on Jupiter;

  4. Interact with Limit order page;

  5. Use DCA page;

  6. Engage with Perpetual page.

Note: To minimize risks, use low leverage, especially if you're concerned about liquidation. Manage your trades carefully to reduce losses or secure profits. While high leverage can be lucrative, it comes with the risk of significant losses and should be approached cautiously unless you're experienced. You can also open a hedge position on Drift Protocol, which allows you to preserve funds through hedge positions and qualify for Drift Protocol Airdrop.

Jupiter Airdrop Guide


What is Jupiter?


Jupiter stands out as a significant DeFi protocol on the Solana blockchain, processing a substantial $3.7 billion in transaction volume in November 2023. To provide context, Uniswap and 1inch recorded $17 billion and $12.2 billion, respectively, during the same period.

Initially serving as a liquidity aggregator for token swaps, similar to Ethereum's 1inch, Jupiter has recently expanded its offerings to include GMX-style perpetual futures. Looking ahead, Jupiter has plans to launch a decentralized stablecoin called SUSD.

Jupiter's rationale is rooted in the belief that stablecoins like USDC and USDT carry various custodial and regulatory risks that should be minimized. This has led the team to introduce SUSD, a fully decentralized stablecoin backed by Solana liquid staking tokens (LSTs), as an alternative to USDC and USDT. Beyond increased decentralization, SUSD introduces a unique feature - interest-free loans. The SOL used as collateral to mint SUSD generates yield, covering the minting cost and resulting in a perpetually interest-free loan with exposure to SOL.


What about Airdrop?

A staggering 955,000 wallets that directly engaged with Jupiter before November 2, 2023, qualify for the initial JUP airdrop, marking it as one of the most substantial airdrops thus far.

If you don't meet the criteria for this particular JUP airdrop, don't fret - there are more in the pipeline. To stay informed about upcoming JUP airdrops, make sure to follow Jupiter on X. Additionally, it's worth noting that airdrop rewards often correlate with user activity. Therefore, the more you engage in buying, selling, and trading on Jupiter, the higher your potential allocation for future JUP airdrops. Only 10% of the planned 40% of JUP coin has been handed out, so new airdrops from Jupiter are to be expected. 

Stay tuned! We will update the guide as information becomes available!


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