Who can upgrade Perpetuals
Squads 4 of 8 · 24 h delay
- Type
- Squads 4 of 8
- Threshold
- 4 of 8 signers
- Signers
- 8 listed
- Time lock
- 24 h
- Config authority
- None: changes go through the multisig
- Effective delay
- 24 h delay
- Address
- AxkJ…UUSm
Solana · Perps
Jupiter Perps
- TVL
- $703.77M
- Context only: never changes a rating
- 24h fees
- $123.95K
- −44.6% vs 7 days earlier
- Upgrade controller
- Squads 4 of 8 · 24 h delay
- Weakest control over the core programs
- Stage
- Stage 0
- 2 requirements missing for Stage 1
- Last on-chain change
- None recorded
- Snapshot 2026-10-24 · read at Solana slot 460,977,389
Six risk factors independent ratings, never combined into one score
- Upgrade controlMediumSquads v4 multisig, 4 of 8 voters, time lock 24 h
- Upgrade delayMediumtime lock 24 h
- Admin powersMedium`admin` can change parameters, held by Squads v3 multisig, 4 of 7 voters, time lock 0 s
- Code transparencyMediumsource public at https://github.com/jup-ag, but the deployed build is not verified
- Oracle dependencyMediumBTC custody: single oracle network (pyth), no fallback; ETH custody: single oracle network (pyth), no fallback; SOL custody: single oracle network (pyth), no fallback; USDC custody: single oracle network (pyth), no fallback; USDT custody: single oracle network (pyth), no fallback
- DependenciesLowall 1 callees rated Low on upgrade control
Summary
- Solana
- Perps
- Squads-controlled
Jupiter Perps is a perpetual futures exchange on Solana. This page shows who can change it, how fast, and the on-chain account behind every rating.
Embed the Stage badge
HTML
<a href="https://celebtir.com/protocols/jupiter-perps/"><img src="https://celebtir.com/badges/jupiter-perps.svg" alt="Jupiter Perps on Celebtir: Stage 0"></a>Markdown
[](https://celebtir.com/protocols/jupiter-perps/)Value
Show as table
| Date | TVL |
|---|---|
| 2026-10-21 | $752.84M |
| 2026-10-24 | $703.77M |
Asset groups
| Group | Value | Share |
|---|---|---|
| Stablecoins | $119.95M | 17.0% |
| SOL and staked SOL | $405.29M | 57.6% |
| BTC | $120.86M | 17.2% |
| Other | $57.67M | 8.2% |
Tokens used
| Token | Used as | Worst rating |
|---|---|---|
| JLP | lp | Highbalances can be frozen by unrecognized controller AVzP…QK49 owned by program PERP…qQJu; new supply can be minted by unrecognized controller AVzP…QK49 owned by program PERP…qQJu |
| SOL | deposit | Lowno freeze, pause or seize power; native to Solana; mint authority renounced: supply is fixed; no transfer restrictions |
| USDC | deposit | Highbalances can be frozen by single key 7dGb…Crar; new supply can be minted by single key BJE5…5ruG |
| USDT | deposit | Highbalances can be frozen by single key Q6Xp…69Gi; new supply can be minted by single key Q6Xp…69Gi |
| WBTC | deposit | Highnew supply can be minted by unrecognized controller BCD7…YMV7 owned by program 1111…1111 |
| WETH | deposit | Highnew supply can be minted by unrecognized controller BCD7…YMV7 owned by program 1111…1111 |
Activity
Volume unavailable: no volume metric for this category; fees only.
Show as table
| Date | Fees |
|---|---|
| 2026-09-24 | $392.02K |
| 2026-09-25 | $388.47K |
| 2026-09-26 | $124.16K |
| 2026-09-27 | $304.24K |
| 2026-09-28 | $250.25K |
| 2026-09-29 | $188.53K |
| 2026-09-30 | $299.57K |
| 2026-10-01 | $149.58K |
| 2026-10-02 | $484.06K |
| 2026-10-03 | $73.94K |
| 2026-10-04 | $139.46K |
| 2026-10-05 | $147.14K |
| 2026-10-06 | $123.53K |
| 2026-10-07 | $291.9K |
| 2026-10-08 | $611.6K |
| 2026-10-09 | $211.75K |
| 2026-10-10 | $113.22K |
| 2026-10-11 | $155.74K |
| 2026-10-12 | $443.48K |
| 2026-10-13 | $252.25K |
| 2026-10-14 | $271.1K |
| 2026-10-15 | $356.56K |
| 2026-10-16 | $120.46K |
| 2026-10-17 | $102.46K |
| 2026-10-18 | $159.78K |
| 2026-10-19 | $102.37K |
| 2026-10-20 | $166.09K |
| 2026-10-21 | $138.62K |
| 2026-10-22 | $155.91K |
| 2026-10-23 | $123.95K |
Risk summary
- MediumCore program code can be replaced by 4 of 8 votersA multisig member with the Vote permission. Celebtir counts signers, not all members, when it compares a threshold. of multisigAn account that acts only when enough of its members approve. On Solana this is usually a Squads multisig. AxkJ…UUSm.
- MediumAn approved upgrade takes effect after 24 h. Withdrawal completion within that period is not established by these configuration facts.
- MediumProtocol parameters can be changed by 4 of 7 voters of multisig 7ZyD…k8Sf using
admin. - MediumThe deployed code of PERP…qQJu has not been verified against its public source.
- MediumPrices can be manipulated if its only oracleAn account that publishes prices a protocol reads, for example to value collateral or trigger liquidations. network (pyth) reports a false price for BTC custody.
- MediumPrices can be manipulated if its only oracle network (pyth) reports a false price for ETH custody.
- MediumPrices can be manipulated if its only oracle network (pyth) reports a false price for SOL custody.
- MediumPrices can be manipulated if its only oracle network (pyth) reports a false price for USDC custody.
- MediumPrices can be manipulated if its only oracle network (pyth) reports a false price for USDT custody.
Risk analysis
Upgrade control
MediumSquadsThe multisig program most Solana protocols use to hold upgrade and admin keys (version 4 is supported). v4 multisig, 4 of 8 voters, time lockA wait between approving a change and the change taking effect, which gives users time to leave. 24 h
To improve: a multisig of 5+ voters at a 60%+ thresholdHow many signers of a multisig must approve before it can act. → LOW, or make the program immutableNo key can change it: the upgrade authority was removed, or the program was deployed with a loader that cannot upgrade.
Upgrade delay
Mediumtime lock 24 h
To improve: a time lock of 5 days+ → LOW
Admin powers
Mediumadmin can change parameters, held by Squads v3 multisig, 4 of 7 voters, time lock 0 sTo improve: limit admin keysA key stored in a protocol's own accounts that can change parameters, pause the protocol or move funds, without upgrading its code. to parameters behind a 24 h+ time lock, or renounce them → LOW
Code transparency
Mediumsource public at jup-ag, but the deployed build is not verified
To improve: verify the deployed build against public source (OtterSec) → LOW
Technical evidence (1 account)
- PERP…qQJu verified_build Solana slot 460,977,260
Oracle dependency
MediumBTC custody: single oracle network (pyth), no fallback; ETH custody: single oracle network (pyth), no fallback; SOL custody: single oracle network (pyth), no fallback; USDC custody: single oracle network (pyth), no fallback; USDT custody: single oracle network (pyth), no fallback
To improve: add an established fallback feed for every market → LOW
Dependencies
Lowall 1 callees rated Low on upgrade control
To improve: none: LOW is the lowest risk level
Stage
Stage 0 · 2 missing for Stage 1
StagesA protocol's headline level, from Stage 0 (the team can change everything quickly) to Stage 2 (users are protected even from the team). Stages describe control, not code security. describe who can change the protocol and how fast. They don't measure code security.
- Stage 0 (current)
- Stage 1
- Stage 2
Stage 0 3 of 3 met
- Met: core programs identified in the registry
- Met: public source for every core program
- Met: upgrade control readable for every core program
Stage 1 4 of 6 met
- Met: upgrade control rated Low or Medium
Satisfied criterion and evidence
MEDIUM: Squads v4 multisig, 4 of 8 voters, time lock 24 h
Published Stage criteria - Missing: upgrade delay of the Stage 1 minimum, unless upgrades need an emergency multisig
Unmet criterion
PERP…qQJu: effective time lock 24 h; needs 5 days+ or an emergency multisig of 8+ voters at 75%+
Published Stage criteria - Met: admin powers rated Low or Medium
Satisfied criterion and evidence
MEDIUM:
Published Stage criteriaadmincan change parameters, held by Squads v3 multisig, 4 of 7 voters, time lock 0 s - Met: no multisig has a single-key config authorityA key that can change a Squads multisig's members, threshold and time lock without a vote. If it is set, it, not the multisig, is the real controller.
- Missing: verified buildsProof that the deployed program was built from a public commit, checked by OtterSec's verification service. for all core programs
- Met: every factor could be read (Unknown caps the Stage at 0)
Stage 2 1 of 2 met
- Missing: core programs immutable, or upgradeable only through on-chain governance with a long delay
- Met: no key can move or freeze user funds
Control graph
Click a box for its facts and evidenceThe on-chain account, field and slot a fact was read from, with a link to check it on Solscan.. Arrows point from who holds a power to what it controls. Controllers shared across protocols
Loading the interactive graph…
List view
- Key Single key 7dGb…Crar High
- can freeze · no delay → USDC
- Key Single key BJE5…5ruG High
- can mint · no delay → USDC
- Key Single key Q6Xp…69Gi High
- can freeze · no delay; can mint · no delay → USDT
- Key Unrecognized AVzP…QK49 High
- can freeze · no delay; can mint · no delay → JLP
- Key Unrecognized BCD7…YMV7 High
- Multisig Squads 4 of 7 · no delay 7ZyD…k8Sf Medium
- can change parameters · no delay → admin
- Multisig Squads 4 of 8 · 24 h delay AxkJ…UUSm Medium
- can upgrade · 24 h delay → Doves oracle
- can upgrade · 24 h delay → Perpetuals
- Program Perpetuals PERP…qQJu Medium
- core program → Jupiter Perps
- ← Squads 4 of 8 · 24 h delay can upgrade · 24 h delay
- Program Doves oracle DoVE…597e Medium
- periphery program → Jupiter Perps
- ← Squads 4 of 8 · 24 h delay can upgrade · 24 h delay
- Admin account admin H4ND…EjTj Medium
- admin account → Jupiter Perps
- ← Squads 4 of 7 · no delay can change parameters · no delay
Permissions
Single key 7dGb…Crar
Show in control graph| Power | Over | Delay | Evidence |
|---|---|---|---|
| Freeze tokens | USDC (Circle) | no delay |
|
Single key BJE5…5ruG
Show in control graph| Power | Over | Delay | Evidence |
|---|---|---|---|
| Mint tokens | USDC (Circle) | no delay |
|
Single key Q6Xp…69Gi
Show in control graph| Power | Over | Delay | Evidence |
|---|---|---|---|
| Freeze tokens | USDT (Tether) | no delay |
|
| Mint tokens | USDT (Tether) | no delay |
|
Unrecognized AVzP…QK49
Show in control graph| Power | Over | Delay | Evidence |
|---|---|---|---|
| Freeze tokens | JLP (Jupiter) | no delay | |
| Mint tokens | JLP (Jupiter) | no delay |
Unrecognized BCD7…YMV7
Show in control graph| Power | Over | Delay | Evidence |
|---|---|---|---|
| Mint tokens | WBTC (Wormhole (Portal)) | no delay | |
| Mint tokens | WETH (Wormhole (Portal)) | no delay |
Squads 4 of 7 · no delay 7ZyD…k8Sf
Show in control graph| Power | Over | Delay | Evidence |
|---|---|---|---|
| Change parameters | admin on H4ND…EjTj | no delay |
Squads 4 of 8 · 24 h delay AxkJ…UUSm
Show in control graph| Power | Over | Delay | Evidence |
|---|---|---|---|
| Upgrade the code | Doves oracle | 24 h delay | |
| Upgrade the code | Perpetuals | 24 h delay |
Held by no one
- Freeze tokens: WBTC (Wormhole (Portal)) (renounced or immutable)
- Freeze tokens: WETH (Wormhole (Portal)) (renounced or immutable)
- Freeze tokens: SOL (Solana (native mint)) (renounced or immutable)
- Mint tokens: SOL (Solana (native mint)) (renounced or immutable)
Programs
| Program | Role | Loader | Upgrade controller | Verification | Last upgrade |
|---|---|---|---|---|---|
| Perpetuals PERP…qQJu | Core | Upgradeable loader | Squads 4 of 8 · 24 h delay | Public source, not verified (source) | 2026-04-14 |
| Doves oracle DoVE…597e | Periphery | Upgradeable loader | Squads 4 of 8 · 24 h delay | Public source, not verified (source) | Not read |
Upgrades & governance
- Upgrades
- 72
- Last upgrade
- 2026-04-14
- Average interval
- 14.1 days
- Last 30 days
- 0
- 2026-04-14 Upgraded Perpetuals tx pmpD…Ztuq
- 2026-02-11 Authority changed Perpetuals tx UYRv…MzUr
- 2026-01-06 Upgraded Perpetuals tx 5rXt…jyXP
- 2025-12-15 Upgraded Perpetuals tx 3U3g…posp
- 2025-10-13 Upgraded Perpetuals tx 2U1a…xPnT
- 2025-09-10 Upgraded Perpetuals tx M9MG…bwuB
- 2025-08-19 Upgraded Perpetuals tx 4ViE…QsE2
- 2025-08-19 Upgraded Perpetuals tx 2NWH…3g5M
- 2025-08-13 Upgraded Perpetuals tx tw8x…Wzgz
- 2025-06-18 Upgraded Perpetuals tx 2kp8…M9W1
- 2025-06-03 Upgraded Perpetuals tx 3ZbN…T4Te
- 2025-05-09 Program data extended Perpetuals tx 2E1W…KhwX
- 2025-05-07 Upgraded Perpetuals tx hxjb…eWdq
- 2025-04-09 Upgraded Perpetuals tx 5P7d…ktdW
- 2025-03-12 Upgraded Perpetuals tx 3a9f…A69b
- 2025-03-10 Upgraded Perpetuals tx xr7b…tiAP
- 2025-02-24 Upgraded Perpetuals tx gkZj…Yd1c
- 2025-02-18 Upgraded Perpetuals tx 5yzZ…XjMF
- 2025-01-06 Upgraded Perpetuals tx jt9b…mc4H
- 2024-12-31 Upgraded Perpetuals tx 5Xvx…3BVh
- 2024-12-30 Upgraded Perpetuals tx KJsr…XzeY
- 2024-12-02 Upgraded Perpetuals tx 3CXW…y9Z3
- 2024-11-27 Upgraded Perpetuals tx 2WgK…F8Lm
- 2024-11-14 Upgraded Perpetuals tx 4y1h…Yype
- 2024-10-14 Upgraded Perpetuals tx 4Bhr…B4qZ
- 2024-10-01 Authority changed Perpetuals tx 2B8J…Fe4h
- 2024-09-10 Upgraded Perpetuals tx Wzvy…KKRA
- 2024-08-14 Upgraded Perpetuals tx 29zn…JWFc
- 2024-07-30 Upgraded Perpetuals tx 5nv8…QRJC
- 2024-07-25 Upgraded Perpetuals tx 3ZDf…SB4b
- 2024-07-17 Upgraded Perpetuals tx g1vg…btd9
- 2024-07-17 Upgraded Perpetuals tx 3dxV…G91r
- 2024-07-09 Upgraded Perpetuals tx 2P7n…MvrM
- 2024-05-29 Upgraded Perpetuals tx 5hug…yhEW
- 2024-05-16 Upgraded Perpetuals tx 4J8D…gqSb
- 2024-05-16 Upgraded Perpetuals tx 4uEt…yssg
- 2024-04-18 Upgraded Perpetuals tx 43Gq…5EXC
- 2024-03-05 Upgraded Perpetuals tx 2Z2k…nn3a
- 2024-01-12 Upgraded Perpetuals tx 5RjH…jMkr
- 2024-01-08 Upgraded Perpetuals tx 3utr…vKqs
- 2024-01-05 Upgraded Perpetuals tx 41Lm…CRac
- 2024-01-04 Upgraded Perpetuals tx 3zEP…2q1b
- 2024-01-02 Upgraded Perpetuals tx 3mks…yvJs
- 2023-12-29 Upgraded Perpetuals tx 4twa…pRAb
- 2023-12-28 Upgraded Perpetuals tx 49M5…Ztq8
- 2023-12-22 Upgraded Perpetuals tx 5oZP…QXuy
- 2023-12-06 Upgraded Perpetuals tx kJph…vEW3
- 2023-12-01 Upgraded Perpetuals tx 4S7H…s64u
- 2023-11-30 Upgraded Perpetuals tx QqMd…Si6D
- 2023-11-27 Upgraded Perpetuals tx 53ZN…jQGK
- 2023-11-23 Upgraded Perpetuals tx 52XQ…EoFS
- 2023-11-14 Upgraded Perpetuals tx 3JDw…VNoz
- 2023-11-14 Upgraded Perpetuals tx 5ma2…zuCJ
- 2023-11-14 Upgraded Perpetuals tx 3KHK…eWxN
- 2023-11-10 Upgraded Perpetuals tx 36Dr…nCZX
- 2023-11-10 Upgraded Perpetuals tx 5hUD…Baai
- 2023-11-10 Upgraded Perpetuals tx 5bmN…iXKB
- 2023-11-10 Upgraded Perpetuals tx 5gAj…dWf1
- 2023-10-25 Upgraded Perpetuals tx 4QSQ…kkp1
- 2023-10-25 Upgraded Perpetuals tx YXZd…r5HL
- 2023-10-25 Upgraded Perpetuals tx 2jPv…AcKh
- 2023-10-21 Authority changed Perpetuals tx 2NR8…dSsj
- 2023-10-16 Upgraded Perpetuals tx ZP6v…JUqU
- 2023-10-09 Upgraded Perpetuals tx 2JEG…hF9d
- 2023-09-20 Upgraded Perpetuals tx 2mGH…U8f9
- 2023-09-17 Upgraded Perpetuals tx 5Sz2…E2CP
- 2023-08-10 Upgraded Perpetuals tx 38Xm…7Qd9
- 2023-08-10 Upgraded Perpetuals tx 52uN…SC6o
- 2023-08-10 Upgraded Perpetuals tx 2pzw…tA8h
- 2023-08-09 Upgraded Perpetuals tx 25hK…XuWF
- 2023-08-02 Upgraded Perpetuals tx 3wkY…t11e
- 2023-07-25 Upgraded Perpetuals tx 5zSc…UKKe
- 2023-07-25 Upgraded Perpetuals tx 24r3…Fpdb
- 2023-07-25 Upgraded Perpetuals tx 2ktR…biqG
- 2023-07-20 Upgraded Perpetuals tx 2RrD…7rgq
- 2023-07-20 Upgraded Perpetuals tx 5UpH…g7mF
- 2023-07-18 Deployed Perpetuals tx 2tfn…g8Uc
Updates
No changes have been recorded for this protocol since tracking began.
Dependencies and sources
Called programs
- ATok…8knL Immutable Low
Registry sources
- admin admin H4ND…EjTj source
- multisig Squads v4 7ZyD…k8Sf source
- multisig Squads v4 AxkJ…UUSm source
- oracle ETH custody 42am…X6XC source
- oracle BTC custody 4cSM…PSPo source
- oracle SOL custody 7UVi…jLiE source
- oracle USDC custody Dpw1…eFbX source
- oracle USDT custody HT2P…oYuM source
- program Doves oracle DoVE…597e source
- program Perpetuals PERP…qQJu source
Registry entry last reviewed 2026-10-19 by celebtir-loop-draft. Report an error · Markdown version