How to Earn XP for the Jumper Exchange Loyalty Pass

Jumper Exchange is a decentralized finance (DeFi) platform that enables users to swap any token onchain using any bridge and decentralized exchange (DEX). It aims to enhance interoperability between blockchain networks to provide users with a seamless experience and become “crypto’s everything exchange.”

Users can interact across more than 20 chains including Ethereum, Arbitrum, Polygon, and more. On top of that, the exchange platform is able to route users through 30 DEXs such as Uniswap, Paraswap, Pancake, and more. Jumper is also able to maintain over 15 bridge integrations which include Connext, Multichain, and Stargate amongst others.

When a user inputs the details of their transactions, Jumper will automatically recommend the best route that takes into account security, speed, and costs. Each trade also includes vital information like estimated gas fee, estimated bridge fee, name of bridge and DEX, and estimated time of transaction.

Jumper Exchange is a user-facing product launched by LI.FI, a protocol that facilitates cross-chain asset transfers. LI.FI acts as a bridge between networks and provides developers with tools to integrate cross-chain functionality into their applications. It primarily serves as a B2B company by offering APIs and SDKs to other projects which allows them to utilize LI.FI’s cross-chain capabilities. Similarly, Jumper Exchange is powered by LI.FI’s technology with the goal of simplifying cross-chain transactions for users. Together, the two protocols work to enhance accessibility and usability of DeFi across various blockchain networks.

On July 16, 2024, LI.FI experienced a security breach due to a vulnerability in a new smart contract facet. This allowed the attacker to gain unauthorized access to user wallets that had set infinite token approval for the LI.FI contract. Users were warned to stop interacting with any LI.FI powered applications, including Jumper Exchange.

Approximately $11.6 million was stolen in total from 153 wallets on Ethereum and Arbitrum. The assets that were drained included USDC, USDT, and DAI. As highlighted by LI.FI in their incident report, the vulnerability was limited to infinite approvals and not finite approvals which is the default setting.

Once the security breach was detected, the LI.FI team immediately activated its incident response plan to disable the vulnerable facet across all chains. As a result, the threat was contained and prevented any further access. On July 18, 2024, the official LI.FI X (formerly Twitter) account posted that the team alongside major investors were working on a voluntary compensation scheme to cover 100% of the losses.

While Jumper Exchange itself has not received additional funding, LI.FI previously raised $17.5 million in a Series A funding round in March 2023. It was led by CoinFund and Superscrypt and received support from Bloccelerate, L1 Digital, Theta Blockchain, and more.

Users of Jumper Exchange can participate in the Loyalty Pass program to earn points and get exclusive access to airdrops, rewards, special deals, and free stuff. It was initially introduced alongside the concept of seasons to promote hyper-growth and onboarding more users. After running two seasons, Jumper successfully onboard one million participating wallets. Those who participated in Season 1 (March 1 to December 31, 2023) will receive a 25% boost on the xp earned during this period while those in Season 2 (January 1 to June 30, 2024) will enjoy a 15% boost on earned xp.

Jumper is no longer running seasons, instead the Loyalty Pass is now a permanent feature meant to recognize and reward users for long term engagement and loyalty. The team also acknowledges it as a good starting point for a system to reward early supporters.

Do take note that no official announcement has been made by the Jumper or LI.FI team on whether the Loyalty Pass will be taken into consideration for a future token airdrop. Therefore, following the steps below does not guarantee any future token airdrop allocation.

Step 1: Connect Wallet

First, head to https://jumper.exchange/ and Connect your wallet in the top right corner.

Choose your wallet from the available options. In this guide, we are connecting a MetaMask wallet.

Step 2: Make A Transaction

Under Exchange in the top menu, you can choose to swap any of your tokens on any of the chains to a new token on a different chain. Do note that some chains will have lower gas fees than others.

In this guide, we will be swapping USDT on the BSC chain.

Then choose what token and network you want to exchange it to. We will be swapping to USDC on the Arbitrum chain.

Jumper will then display a list of options for you to choose from depending on the bridge, gas fees, and time taken for the transaction. It will also