Jupiter DEX to Stake $580 Million SOL from Liquidity Pool

Jupiter DEX has announced a strategic move to stake approximately $580 million worth of SOL, taken directly from its liquidity pool, with the aim of boosting returns for users. This significant initiative is expected to positively impact Solana’s market dynamics and increase demand for SOL. The decision signifies a shift towards enhanced yield distribution for Liquidity Providers (LP) who contribute to Jupiter’s ecosystem. This move is a significant step for the protocol as it aims to capitalize on the growing demand and potential for decentralized exchange trading.