19 vault operators marketed "diversified strategies" and every single one routed through drift as their execution layer. $150m in JLP deposits just got vaporized. that's 15-20% of jupiter's entire perp liquidity pool gone in 12 minutes. jupiter perps volume already down 40% week over week. JLP yields are spiking to attract replacement liquidity but the depth isn't there yet. if you're trading size on jupiter perps right now, your slippage profile just changed dramatically and most people haven't adjusted for it.

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