The JLP token's mint address on Solana is 27G8MtK7VtTcCHkpASjSDdkWWYfoqT6ggEuKidVJidD4. CoinGecko, the Solflare wallet's price page, HashEx and RugCheck all list this same address for JLP, and CoinGecko shows no other network for it. Anyone can launch a token with the ticker JLP. A copy cannot reuse this address, so checking the full mint is the one reliable test.
What JLP is
JLP is the liquidity provider token of a perpetual futures pool on Solana. CoinGecko describes it as "valued from an index fund of SOL, ETH, WBTC, USDC, and USDT". Traders borrow from the pool to open leveraged positions and pay borrow fees to it. The protocol's own JLP documentation adds four points:
- The pool has six custody accounts: SOL, ETH, wBTC, USDC, USDT and the protocol's own stablecoin. USDT "is not offered when minting or burning JLP", and its custody held no assets in October 2026.
- JLP is minted to users who deposit assets into the pool and burned when they withdraw. You can get it either by swapping into it or by minting it directly against a pool asset. Fees depend on the asset and its current weight in the pool.
- 75% of fees from the pool's perpetual markets go back into the pool. The other 25% is protocol revenue.
- JLP "is not a stablecoin or a capital-protected product".
On-chain facts to compare against
RugCheck reports these on-chain values for the real JLP mint. A token that shows different basics is not JLP.
| Field | Value for the real JLP |
|---|---|
| Mint address | 27G8MtK7VtTcCHkpASjSDdkWWYfoqT6ggEuKidVJidD4 |
| Symbol (metadata) | JLP |
| Decimals | 6 |
| Token program | TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA (the standard SPL Token program) |
| Mint, freeze and metadata update authority | AVzP2GeRmqGphJsMxWoqjpUifPpCret7LqWhD8NWQK49 (one account holds all three) |
| Supply | about 189.3 million JLP |
Supply changes every time someone mints or burns, so the exact figure drifts from day to day. Solflare's page listed about 63,300 holders in late October 2026, and holder counts vary between data providers.
Is the JLP in front of you the real token?
Answer four questions about where your JLP came from and what the chain shows to see whether it matches the real Solana mint.
How did you come across this JLP token or its address?
- A claim, airdrop or "migration" page, or an unsolicited support message → Not one of the documented routes
- A wallet, data aggregator or block explorer listing → next question
Which network is the token on?
- Solana → next question
- Any other network → Not this asset
Does the full mint address match 27G8MtK7VtTcCHkpASjSDdkWWYfoqT6ggEuKidVJidD4 character by character, including the middle?
- Yes, every character matches → next question
- No, or only the first and last few characters match → Not the real JLP
In a Solana block explorer, does the mint show 6 decimals, the symbol JLP and AVzP2GeRmqGphJsMxWoqjpUifPpCret7LqWhD8NWQK49 as its mint, freeze and metadata authority?
- Yes, all of them match → Matches the real JLP mint
- No, at least one differs → Not the real JLP
The protocol's documentation lists two ways to get JLP: swap into it, or mint it from the pool. A page that offers it any other way, or asks you to sign a wallet transaction to "claim" it, is not one of those routes. No legitimate support agent needs your seed phrase.
CoinGecko lists JLP only on Solana. A "JLP" on any other network is not the token described here.
Anyone can launch a token with the ticker JLP, but a copy cannot reuse the real mint address. A different address, or different decimals or authority account, means this is not JLP.
The address and on-chain basics match the real token. Scanner warnings such as "Mint Authority still enabled" are expected for JLP, because supply grows and shrinks as people deposit and withdraw. A match identifies the token; it says nothing about whether holding it suits you.
This only checks whether a token is the real JLP mint; it does not judge JLP's risk, price or pool returns, and it is not investment advice.
Why scanners flag the real JLP
Many token scanners mark a token as risky when its mint authority is not revoked. With JLP, that warning is expected. RugCheck flags the real token for "Mint Authority still enabled", "Freeze Authority still enabled" and "Mutable metadata". HashEx calls it mintable, freezable and with updatable metadata. Supply has to grow and shrink as people deposit and withdraw, so an authority has to stay in place.
So "mint authority revoked" does not prove the real token, and the warning does not prove a fake one. Go by the mint address first, then the decimals and authority account in the table.
How to check a JLP token before you use it
- Compare the full mint address character by character. Look-alike addresses often match the first and last few characters, and wallets often shorten an address to exactly those characters. Read the middle too.
- Open the mint in a Solana block explorer. Check that the decimals (6), the symbol and the authority account match the table above.
- Check whether a data aggregator lists it. CoinGecko lists JLP only on Solana. A "JLP" on any other network is not this asset.
- Treat a wallet's "verified" label as a hint only. Solflare's own page says its label is "not proof that JLP is safe or legitimate" and tells users to match the contract address.
Common traps with the JLP name
- Same ticker, different mint. A new token can use the JLP name and logo freely. Only the address tells them apart.
- Claim, airdrop or "migration" pages. The protocol's JLP documentation lists two ways to get JLP: swap into it, or mint it from the pool. A page that offers JLP any other way, or asks you to sign a wallet transaction to "claim" it, is not one of those routes.
- Unsolicited support messages. No legitimate support agent needs your seed phrase. Treat any request for it as an attack.
Crypto assets are volatile and you can lose your capital. Nothing here is investment advice.
