Jupiter co-founder IONG announced that Jupiter Labs has launched an experimental high leverage trading product YOLO, supporting 500 to 1000 times leverage. This product draws inspiration from the JLP model and simulates positions based on real market prices, with actual profit and loss occurring without the need to execute corresponding leveraged positions in the market. YOLO's profits are paid by the fund pool. If the liquidity of the fund pool is insufficient, the payment will enter the queue. SION stated that this model is different from traditional perpetual contracts and was launched under Jupiter Labs to provide experimental space for new financial products. Currently, YOLO is in its early stages and was inspired by PaperTrade.
