Understanding the Functionality of Jito: A Liquid Staking Crypto Protocol Explained

By Leo Nomist Dec 17, 202342Views

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Jito: The Liquid Staking Platform on Solana

Jito is a liquid staking platform built on the Solana blockchain that offers maximum returns for crypto users. It functions as an open-source transaction validator client and allows users to stake their native SOL to earn rewards and additional income through MEV (Miner Extractable Value).

By locking their SOL on Jito’s stake pools, users can obtain JitoSOL, a liquid resource that can be used in various DeFi applications. Validators, on the other hand, earn profits from auctioning off blockspace to builders, which are partially transferred to stakers as MEV rewards.

Jito’s success has been remarkable, with over $450 million locked on the platform, making it the second-highest TVL protocol on Solana after Marinade Finance.

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Leo Nomist

Leo Nomist emerges as a maestro harmonizing the roles of crypto analyst, tenacious researcher, and editorial virtuoso, creating an unparalleled symphony of insight. Amidst the intricate world of digital currencies, Leo's perspectives resonate like finely tuned chords, capturing the attention of curious minds from diverse horizons. His talent for deciphering complex threads of crypto intricacies blends seamlessly with his editorial finesse, translating intricacy into a captivating composition of understanding. Guiding both intrepid adventurers and inquisitive novices, Leo's insights serve as a compass for well-informed decision-making amidst the ever-shifting tides of cryptocurrencies. With the artistry of a linguistic virtuoso, they craft narratives that enrich the evolving tapestry of the crypto landscape.