Introduction

May finished off strong with several JitoSOL exchange listings, incentive announcements, Labs and Foundation team presence at Solana Accelerate in NYC, and a much-needed Midcurve video recap. Let’s dive in!

May Highlights

• JitoSOL Staking Tax Memorandum
• Second Jito DAO Roundtable
• JitoSOL CEX Listings
• Ecosystem Announcements
• Midcurve at Accelerate
• In The Media

JitoSOL

On May 22nd, the Jito Foundation released a second legal analysis relating to JitoSOL and the Jito Stake Pool, specifically around how and when certain activities, relating to liquid staking, may be subject to U.S. tax laws.

Read the memo here: https://www.jito.network/blog/jitosol-staking-tax-memorandum/ 

Governance

The 2nd Jito DAO Tokenomics Roundtable took place on Thursday May 8th @ 12:30pm EST. This new video series of discussions brings together key stakeholders across the Jito ecosystem to build consensus for an upcoming tokenomics governance proposal.

Watch the recording of the full discussion on X: https://x.com/jito_sol/status/1920516582792704328 

CEX Listings

Bullish

Gemini

OKX 

Ecosystem Announcements

FalconX 

The Jito Foundation announced a partnership with FalconX and OKX to unlock institutional liquidity with JitoSOL! FalconX is the leading digital asset prime brokerage for institutional users trading on OKX, contributing to deep JitoSOL liquidity & capital efficiency.

Drift Protocol

Get more out of your JitoSOL with Exponent Finance and Drift Protocol. Loop rewards with PT-FragSOL or PT-KySOL were announced. Earn JTO and FUEL rewards with Drift’s Exponent Isolated Pool. 

GoFundMeme

Over the next 6 months, GFM-JitoSOL Vault depositors on Kamino are eligible to earn a share of 2,600,000 GFM and 25,000 JTO. 

Midcurve Films

The Jito Labs and Foundation teams came out strong for Solana’s Accelerate conference in New York City. The recap video features a snippet of what’s to come on the Midcurve YouTube channel. Lots of content, many interviews, the best b-roll (some would even say controversial 👀). 

Conference interviews will begin dropping Monday, June 2nd. Subscribe if you haven’t yet.

In The Media

@magicdhz from the Jito Foundation appeared live at Solana Snapshot Toronto on May 14th for a panel discussion on MEV, Staking & Validator incentives and a Keynote. 

Thomas Uhm, CCO at the Jito Foundation, appeared on Lightspeed to discuss Jito.

Shoutout to @solflare for hosting the @jito_sol handle and the intern. 

Jito Foundation data analyst @push_xx had this JitoSOL analysis included in OurNetwork’s recent Liquid Staking article. 

Read it here: https://www.ournetwork.xyz/p/on-341-liquid-staking?utm_campaign=ournetwork#jito 

ICYMI: Chief Legal Officer of Jito Labs, Rebecca Rettig, will be speaking at the June 9th SEC Roundtable on “DeFi and the American Spirit”.

Read the press release here: https://www.sec.gov/newsroom/press-releases/2025-78-sec-announces-agenda-panelists-roundtable-crypto-defi