💸Profit & Loss

Profit and Loss (P&L) Dynamics:

It is essential to note that pool earnings and losses (index token appreciation/depreciation) are not factored in the overall yield calculation.

Traders' P&L from perpetual trading impacts the JLP pool. If a trader incurs a net positive P&L, the losses are sourced from the JLP pool to compensate the trader. Conversely, if a trader's P&L is net negative, the gains are deposited into the JLP pool for LP holders.