Posts by Jito Foundation

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Introduction Happy New Year! 2024 was a big year for the Jito Network and we have each and every one of you to thank. 💚 Just how big of a year was it? Solana transactions soared, along with MEV capture rates, as memecoins gained significant mindshare. JitoSOL, now the largest LST on Solana, demonstrated its strength by growing TVL +129% YoY, from ~6.3M SOL on January 1st, 2024 to ~14.5M SOL on January 1st, 2025. Meanwhile the Jito (Re)staking platform, a multi-asset staking protocol for Node
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Introduction The Jito Foundation’s November Month In Review is back in action with a packed calendar of announcements. From JIP-10 to Jito (Re)staking deposit caps being raised and many, many Midcurve interviews, there’s something here for each and every one of you. Follow along every month for a full breakdown of everything happening around the Jito Network. November Highlights * Jito (Re)staking Deposit Cap Raised to $50M * Jito Market launch on Kamino * JitoSOL Powering Coinbase cbBTC
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Introduction The Jito Foundation is excited to introduce a new blog series shining a spotlight on all the technical developments, blog articles, governance proposals and creative work occurring around the Jito Network. Tune in every month for a full breakdown of everything that has been announced. October Highlights * Jito (Re)staking Phase 1 launched, filling the $25M deposit cap in a few hours * JIP-8: Adopt TipRouter NCN (Protocol Development) governance proposal introduced * Helius, K
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The Jito Foundation is pleased to announce Phase 1 of Jito (Re)staking! Beginning on October 30th, users will be able to boost their staking rewards by providing economic security for key Solana infrastructure.  Key Details: On Wednesday, October 30th at 11 AM ET/3 PM UTC, Jito (Re)staking will officially open for deposits. Deposits will be available on the Jito (Re)staking homepage, as well as via frontends provided by VRT vault managers Renzo, Kyros, and Fragmetric.  During Phase 1, global
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Helius, a leading Solana infrastructure provider, will be one of the initial node operator partners on the Jito (Re)staking protocol. As a node operator, Helius will play a crucial role in validating transactions and securing Node Consensus Networks (NCNs). Helius runs high-performance global RPC infrastructure on Solana, optimized for lowest latency, high uptime, and high success rates via the largest staked connection network. Their expertise will be invaluable to Jito (Re)staking's operation
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We are thrilled to announce that Renzo will launch ezUSDC on the Jito (Re)staking platform, to enable restaking USDC. This integration will empower stakers to utilize USDC as stable collateral, Node Consensus Networks (NCNs) to offer emissions in the form of USDC, and DeFi platforms across Solana to leverage ezUSDC as a new restaked asset.  ezUSDC is a liquid token of restaked USDC. By bringing together USDC, Renzo’s liquid restaking expertise, and Jito’s innovative staking infrastructure, deve
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Jito Foundation is thrilled to announce that Twilight, the privacy layer on Solana, will integrate with Jito's new restaking platform to bolster its network security and token functionality. Twilight plans to leverage Jito (Re)staking's Node Consensus Network (NCN) model to enhance the decentralization and economic security of its validator network. This integration will incorporate multi-level slashing and customizable staking parameters, ensuring robust protection for Twilight's privacy infra
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Introduction Vault Receipt Tokens (VRTs) are synthetic tokens that represent a user's restaking position, providing an added layer of optionality and risk management. Unlike traditional staking, VRT providers can choose the risk profiles of the Node Consensus Networks (NCNs) they support, allowing for a more comprehensive risk management framework. Additionally, the Jito (Re)staking ecosystem enables users to stake a variety of SPL tokens, including JitoSOL and other assets, further expanding t
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We're excited to announce that Fragmetric, a pioneering protocol in the liquid restaking space, will be launching fragSOL, the first Solana-native Liquid Restaking Token based on Jito Restaking's Vault Receipt Token (VRT) system. Fragmetric's innovative approach leverages Solana's unique features to address key challenges in the liquid restaking ecosystem. fragSOL utilizes Solana's token extension capabilities to ensure precise distribution of Node Consensus Network (NCN) rewards, and introduce
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We're thrilled to announce that Sonic, the first gaming SVM on Solana, will integrate with Jito's restaking platform for HyperGrid - the infrastructure stack for deploying interoperable SVMs on Solana. This collaboration will bring Jito (Re)staking to two key infrastructures within HyperGrid: the HyperGrid Shared State Network (HSSN) and the HyperGrid Bridge. Jito (Re)staking's Node Consensus Network (NCN) model will be utilized to enhance the economic security and performance of both the HSSN
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Introduction To date, Solana has become the de facto network for high-throughput applications. Over the last few years, the network has seen a rise in its total value locked (TVL), revenues, and user base. Builders continue to push the boundaries of high-throughput protocols and applications with user experience in mind. Solana serves as a base trust layer for economic value; as the ecosystem matures, opportunities arise for builders to scale their applications and services to harness network-c
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We're delighted to announce that Renzo Protocol, a leader in Liquid Restaking on Ethereum, is set to launch the ezSOL Vault Receipt Token (VRT) in collaboration with the Jito Network. This partnership will enable users to mint ezSOL using JitoSOL as the underlying staked asset, harnessing the power of Jito's MEV-enhanced validator network. By combining staking rewards, restaking rewards, and MEV tip revenues, this integration aims to maximize reward generation for users. Uniting Renzo's expert
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We're excited to announce that Squads, the smart account standard for the SVM, is planning to integrate with Jito's new restaking platform for their upcoming Squads Policy Network (SPN), a decentralized network designed to enhance the functionality of Squads Protocol on Solana and the SVM. The SPN will enable granular and general-purpose transaction policies for smart accounts, providing advanced security and flexibility for digital asset management. The SPN will coordinate and incentivize netw
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We're thrilled to announce that Switchboard, a leading DeFi oracle on Solana, is the first Node Consensus Network (NCN) planning to integrate with Jito's new restaking platform.  Switchboard will leverage Jito (Re)staking's multi-tiered slashing and customizable staking parameters to enhance their economic security and improve the performance of their data feeds, helping to secure Solana DeFi.  This partnership marks an exciting milestone. By combining Switchboard's on-demand oracle capabiliti
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Introduction Since the advent of Bitcoin, blockchains have morphed to solve scaling, security and throughput challenges as either general-purpose networks or application-specific chains. Restaking marks the latest evolution, bypassing these factors and allowing developers to dedicate more time and resources towards building applications and less on kickstarting the underlying network infrastructure. Restaking has become a rapidly-growing area of interest and value accrual layer, representing a