Derivatives · Option Vaults · JONES
Jones DAO is an Arbitrum-native protocol offering automated yield and options strategy vaults that abstract complex derivatives positions into one-click, auto-managed deposits.
Yield, liquidity and options strategy vaults on Arbitrum.
JONES price
$0.1039
-1.0% 24h
Latest data · 15 min delay
Strategy vaults that combine options, hedging and liquidity provisioning to deliver risk-adjusted yield with minimal user management.
Automated strategy vaults that abstract complex derivatives positions into one-click, auto-managed deposits. Early vaults ran risk-managed options strategies (e.g. spreads) on top of Dopex Single Staking Options Vaults (SSOVs) for assets such as ETH and gOHM, generating yield from option premiums.
An ERC-4626 leveraged-GLP vault built on GMX's GLP. Depositors provide GLP (or GLP basket tokens) and the vault borrows USDC from the jUSDC vault to mint additional GLP, gaining algorithmic 'Smart Leverage' on the GLP position while auto-rebalancing within a backtested range to deliver amplified real yield.
A companion vault where depositors supply Arbitrum-bridged USDC.e that is lent to the jGLP vault as leverage collateral. jUSDC is not a stablecoin but accrues stablecoin-denominated yield sourced from a portion of the GLP strategy's returns; mintable jGLP is capped by available jUSDC.
An auto-compounding liquid-staking-derivative vault for vlAURA (Aura Finance / Balancer ecosystem), issued as the wjAURA receipt token. It auto-compounds bribe and gauge rewards, integrating Redacted Cartel's Hidden Hand for bribe optimization and Balancer gauges for wjAURA liquidity incentives.
Vaults that take LP tokens and stake them in Dopex farms to earn DPX/rDPX rewards while automatically hedging or slightly levering price action on the underlying tokens, subject to available liquidity.
The protocol's ERC-20 governance token on Arbitrum (10M max supply). Used for governance and incentive programs across the vault ecosystem.
~$29M across a private sale and two public sale rounds (Jan 2022), plus a $1.6M Arbitrum Foundation grant (Oct 2023)
CryptoRank / ICO Drops - Jones DAO ICO10,000,000 JONES (approximate max supply); ~5.9M circulating
CoinGecko - Jones DAOJONES ~99.7% below its ~$28.39 all-time high with sub-$1M market cap and very thin volume, indicating low current activity
CoinGecko - Jones DAOHow Jones DAO maps onto established TradFi structures, and where it diverges.
Structured product / managed derivatives fund
Jones DAO
Like a bank-issued structured note or a managed options fund, Jones vaults package a complex derivatives strategy into a single deposit product so users get exposure to option-premium or leveraged yield without managing positions themselves.
TradFi analogue
Jones is fully on-chain, non-custodial and permissionless, uses tokenized receipt shares (jGLP, jUSDC, wjAURA) that remain liquid and composable, and settles via smart contracts rather than a custodian or fund administrator, with associated smart-contract and leverage-liquidation risk.
Leveraged / yield-enhanced ETF
Jones DAO
jGLP resembles a leveraged, yield-enhanced index product: GLP is a basket of crypto assets, and jGLP levers it to amplify yield much as a leveraged ETF amplifies an index's return.
TradFi analogue
Leverage is sourced peer-to-peer from the jUSDC vault rather than a broker, rebalancing is algorithmic on-chain, and there is direct liquidation risk if the GLP position moves against the vault.
Jones DAO team (pseudonymous core contributors)
Core development / DAO Jones DAO operates as a DAO with a largely pseudonymous core team. Publicly available records do not attribute verifiable real-name founders, so no individual is asserted here.
Key milestones: launches, upgrades, exploits and governance events.
Protocol launch on Arbitrum with Dopex options vaults
ExecutedJones DAO launched on Arbitrum, initially offering ETH and gOHM options-strategy vaults built on top of Dopex Single Staking Options Vaults (SSOVs).
SourcejGLP/jUSDC GLP vault suite audited and shipped
ExecutedThe leveraged-GLP vault contracts were audited by SourceHat (Jan 25-26, 2023) and launched, expanding Jones from options vaults into leveraged real-yield strategies on GMX.
SourcejAura LSD vault milestone
ExecutedExpansion into the Aura/Balancer ecosystem with the wjAURA auto-compounding LSD vault.
SourceJones DAO is an Arbitrum-native yield, strategy and liquidity protocol that packages complex options and derivatives strategies into one-click, auto-managed vault deposits. Its flagship products are the leveraged-GLP jGLP and jUSDC vaults built on GMX, plus jAURA, Metavaults, and earlier Dopex-based options vaults.
Users deposit GLP into the jGLP vault and USDC.e into the jUSDC vault. jGLP borrows USDC from jUSDC to mint extra GLP, levering its GLP exposure and auto-rebalancing to avoid liquidation. jGLP earns amplified GLP real yield; jUSDC earns a share of that yield as stablecoin-denominated return. Mintable jGLP is limited by available jUSDC.
Public sources describe token sale rounds and a launchpool/free-distribution allocation rather than a conventional retroactive airdrop. Jones raised capital via a private sale and two public sale rounds in January 2022, with the TGE on Jan 30, 2022.
Yes. The GLP vault suite (jGLP/jUSDC contracts including JonesGlpVault, JonesGlpStableVault, JonesGlpVaultRouter and JonesGlpLeverageStrategy) was audited by SourceHat in January 2023, which found and resolved four high-severity issues and rated the code PASS while noting centralized aspects.
Activity is low. The JONES token trades around $0.10 (mid-2026), roughly 99.7% below its ~$28 all-time high, with very thin daily volume and a market cap well under $1M, indicating a strongly diminished protocol compared to its 2022-2023 peak.
