> ## Documentation Index > Fetch the complete documentation index at: https://docs.jup.ag/llms.txt > Use this file to discover all available pages before exploring further. > ## Agent Instructions > These docs cover what users see and do on jup.ag, Jupiter Mobile and Jupiter Wallet. > Universal Deposit, the GUM routes in Bridge & Swap (GUM Universal Bridge, GUM Universal Deposit) and other GUM integrations on jup.ag are built by GUM. For how they work, their full fee rules, security model and APIs, the reference is the GUM docs: start from https://docs.gum.ag/llms.txt. > When the GUM docs and these docs differ on how a GUM product behaves on jup.ag, describe the jup.ag experience from these docs and the mechanics and fees from the GUM docs. # YOLO: 500x–1,000x leverage against the House > YOLO, a Jupiter Labs beta on jup.ag: trade SOL, BTC or ETH long or short at 500x–1,000x leverage against the House, with JupUSD collateral. YOLO is an experimental, high-risk trading product from Jupiter Labs, in beta. On YOLO, you trade SOL, BTC or ETH, long or short, at 500x to 1,000x leverage, with [JupUSD](/user-docs/earn/jupusd) as collateral and as payout token. On jup.ag, open YOLO from Labs in the navigation, where it carries a Beta tag, or go to [jup.ag/yolo](https://jup.ag/yolo). The YOLO leaderboard is listed under it. At 500x–1,000x leverage, a price move of about 0.1–0.2% against you liquidates your position and you lose all its collateral. YOLO has no stop loss or take profit. Read [YOLO risks](/user-docs/labs/yolo/risks) before trading, and only trade with funds you can afford to lose. ## How does YOLO work? Every YOLO trade is placed against the House, not against other traders. The House is a pool funded only by trader losses, and trader profits are paid from it. YOLO does not use the JLP pool, and its rules differ from [Jupiter Perps](/user-docs/trade/perps). Four mechanics set YOLO apart: * Bust price: your position is liquidated as soon as the price moves one leverage-th against you, for example 0.1% at 1,000x. See [Trade on YOLO](/user-docs/labs/yolo/trading). * Profit adjustment: a winning trade pays less than the linear profit of the price move, and a 2% fee applies to the adjusted profit. See [YOLO profit adjustment and fees](/user-docs/labs/yolo/profit-and-fees). * Payout queue: your collateral always returns at close, but your profit is paid only when the House can cover it in full; otherwise it waits in a first-in, first-out queue. See [YOLO payouts and the House](/user-docs/labs/yolo/payouts). * Execution price: orders are market orders that fill at the onchain oracle price when they execute, with no price limit. See [Trade on YOLO](/user-docs/labs/yolo/trading). ## Key parameters | Parameter | Value | | - | - | | Markets | SOL, BTC, ETH | | Direction | Long or short | | Leverage | 500x, 600x, 700x, 800x, 900x or 1,000x | | Order type | Market orders only, no take profit or stop loss | | Collateral and payout token | JupUSD; other tokens are swapped to JupUSD when you open | | Minimum collateral | \$5 per position | | Maximum position size | \$1,000,000 per position | | Number of positions | No limit; only size limits apply | | Position duration | No expiry and no holding fee | | Trading fee | 2% of adjusted profit on winning trades, none on losing trades | These are launch values: the values shown in the app prevail. ## YOLO pages * [Trade on YOLO](/user-docs/labs/yolo/trading): open and close a position, payment tokens, bust price, execution price, size limits and the leaderboard. * [YOLO profit adjustment and fees](/user-docs/labs/yolo/profit-and-fees): how profit is calculated, the formula, worked examples and every cost of a trade. * [YOLO payouts and the House](/user-docs/labs/yolo/payouts): when you receive your collateral and your profit, and how the payout queue works. * [YOLO risks](/user-docs/labs/yolo/risks): the risks listed in the YOLO terms, and what happens during a trading pause. * [YOLO FAQ](/user-docs/labs/yolo/faq): short answers to common questions. This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.