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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