Jito Staked SOL (JitoSOL) is a liquid staking token on the Solana blockchain, allowing users to stake SOL while maintaining liquidity. It combines traditional staking rewards with earnings from Maximum Extractable Value (MEV) strategies, offering enhanced returns. Developed by the Jito Foundation, JitoSOL integrates with various DeFi protocols, providing flexibility and additional earning opportunities within the Solana ecosystem.
Jito Staked SOL (JitoSOL) is a liquid staking token on the Solana blockchain. When users stake their SOL tokens through the Jito Network, they receive JitoSOL in return, representing their staked assets. This token allows holders to maintain liquidity while earning staking rewards. Additionally, JitoSOL incorporates rewards from Maximum Extractable Value (MEV) strategies, aiming to enhance earnings for stakers.
JitoSOL is used to earn staking and MEV rewards while maintaining liquidity on Solana. It can be integrated into Solana-based DeFi protocols for lending, borrowing, yield farming, and trading.
Because it is a liquid staking token, users do not have to wait through unstaking periods to access the value of their staked SOL. This flexibility enhances capital efficiency and DeFi participation
JitoSOL was developed by Jito Labs, a core contributor to the Jito Network. Jito Labs builds infrastructure to support MEV extraction and liquid staking on Solana, including a custom validator client that supports MEV rewards. The broader Jito Network includes the Jito Foundation, which governs protocol development and validator relationships.