Jupiter Introduces Unaudited YOLO Beta Offering Up to 1,000x Leverage
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Jupiter’s YOLO beta lets users trade against a house with up to 1,000x leverage, while profit payouts may face indefinite waits if house funds run low.
Jupiter has launched an unaudited beta of YOLO, a trading product offering leverage of up to 1,000x, according to The Defiant.
The product uses a house-based model, with users taking positions against the house rather than other traders.
If the house’s available funds become insufficient, profits can enter a payout queue. In that situation, users have no guaranteed timeframe for receiving their winnings.
Source: The Defiant
