What is sjUSD (SJUSD)?
jUSD is a decentralized synthetic dollar issued by Aegis. It maintains a stable value close to $1 and is backed by collateral held in JLP, the liquidity provider token of the “Jupiter Perps” exchange. JLP earns yield from trading fees, funding payments, and liquidation revenue generated by perpetual futures markets. Price exposure from JLP is mitigated by shorting the corresponding perpetual futures for each underlying volatile asset. This creates a delta-neutral position that allows jUSD to function as a yield-generating digital dollar.
Where can you buy sjUSD?
sjUSD (SJUSD) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for SJUSD sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for SJUSD. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.