3. Jito Restaking has two components: the Vault Program and the Restaking Program.
Together, they create scalable infrastructure for managing staked assets, built with AVS's in mind.
4. The Vault Program manages Liquid Restaking Tokens (LRTs), it can support any number of SPL tokens, handles minting and delegation, and enforces flexible slashing conditions.
5. The Restaking Program manages AVS’s and operators, which coordinate relationships, implements opt-in/opt-out mechanisms, and manages rewards and slashing penalties.
6. Jito Restaking is a flexible, multi-asset solution for network consensus and economic security.
It enhances token utility and supports diverse staking strategies, supporting networks securing layer-2 sequencers, insurance funds, cross-chain bridges.
7. TLDR for AVS Providers: Accelerate innovation, enhance token utility, secure networks with customizable slashing, unlock liquidity, and manage risk.
8. TLDR for Node Operators, Stakers, and Delegation Managers: Control risk profiles, make informed decisions with transparent assessments, and benefit from a secure ecosystem.
9. Next Steps: Jito Restaking is entering audit and formal verification.
1. Introducing $JTO: A New Era of Community-Led Governance.
The Jito Foundation is thrilled to unveil the $JTO governance token to enable community-driven leadership.
2. Through $JTO, the community is now trusted with key decision-making powers to drive the future of Jito, the fastest-growing liquid staking protocol on Solana.
This includes the MEV ecosystem utilized by over 40% of Solana network’s stake weight.
3. Empowering Community Decisions:
With $JTO, you can:
- Set fees for the JitoSOL stake pool.
- Update delegation strategies by controlling StakeNet parameters.
- Manage the DAO treasury of JTO tokens and revenue from JitoSOL.
- Contribute to the enhancement of Jito Network.
We just launched JitoSOL, Solana’s 1st MEV-powered liquid staking derivative!
The token offers best-in-class yield while improving Solana's decentralization and network security.
Users can swap SOL for JitoSOL now at jito.network
JitoSOL Yield = Staking + MEV Rewards:
Current tokens only provide staking rewards. The Jito-Solana validator client launch enables stakers to collect MEV fees too.
These fees accrue to JitoSOL holders as additional rewards.
Network Benefits:
Jito delegates only to top tier validators. Priorities are performance and decentralization. Each one will be collecting MEV revenue while fighting spam.