how it works comp
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@ -6,6 +6,7 @@ import TransactionHistory from './TransactionHistory'
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import mangoStore, { ActiveTab } from '@store/mangoStore'
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import { useCallback, useEffect } from 'react'
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import { BOOST_ACCOUNT_PREFIX } from 'utils/constants'
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import HowItWorks from './HowItWorks'
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const set = mangoStore.getState().set
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@ -47,6 +48,7 @@ const HomePage = () => {
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/>
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</div>
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<TabContent activeTab={activeTab} setActiveTab={setActiveTab} />
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<HowItWorks />
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</>
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)
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}
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@ -0,0 +1,40 @@
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const HowItWorks = () => {
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return (
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<div className="mt-6 rounded-lg border-2 border-th-fgd-1 bg-th-bkg-1 p-6">
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<h2 className="mb-1">Before you jump in</h2>
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<p className="mb-6 leading-relaxed">
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Make sure you understand how Boost! works before risking any funds.
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</p>
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<h3 className="mb-1">The basics of JLP</h3>
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<p className="mb-3 leading-relaxed">
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JLP is the liquidity provider token for Jupiter Perps. It represents a
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pool of assets that traders borrow from to open leveraged perp
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positions.
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</p>
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<p className="mb-6 leading-relaxed">
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Liquidity providers can deposit assets like BTC or SOL into the pool and
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receive JLP in return. To incentivize this liquidity, JLP earns 70% of
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all perp trading fees. This is automatically accrued in the price of JLP
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over time and is represented as an APR.
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</p>
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<h3 className="mb-1">The basics of Boost!</h3>
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<p className="mb-3 leading-relaxed">
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Boost! offers a simple way to add leverage to your JLP position. It
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works by borrowing USDC against your deposited JLP and then swapping the
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borrowed USDC to JLP. This leaves you with more JLP than you deposited
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and a borrowed amount of USDC.
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</p>
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<p className="mb-6 leading-relaxed">
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The idea is to increase your return by harvesting more of the native
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yield of JLP. So... borrow USDC to buy JLP to get more exposure to the
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JLP yield. As long as your borrow costs are less than the extra JLP
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yield you make a profit.
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</p>
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<h3 className="mb-1">Is boosting JLP always profitable?</h3>
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<h3 className="mb-1">Fees</h3>
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<h3 className="mb-1">Risks</h3>
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</div>
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)
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}
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export default HowItWorks
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