jAssets are fully composable, yield-bearing tokens that unlock liquidity and capital efficiency across DeFi.

When a deposit is made to an applicable Jones Vault, a jAsset token may be minted to represent the deposit. Upon withdrawal, the jAsset token is burned and the deposit plus yield is received by the depositor. Examples of jAssets include jETH, jGLP, and jUSDC.

jAsset Liquidity Pools

jAssets may also have incentivised liquidity pools, jAsset:Token. The ratio of jAsset:Token is determined by Jones Vault performance over time, which can always be viewed by users in the corresponding vault’s UI. jAsset liquidity pools enable users to swap out of their Jones vault position (and the underlying locked tokens) at any time, at a prevailing market rate.

Implications of jAssets

  • Unlock liquidity for tokens deployed in yield strategies

  • Enable 3rd party borrowing/lending for these strategies

  • Dramatically improved opportunities for productive DeFi treasuries via liquid jAsset pools

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