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Jito Enters the Restaking Game
Solana's staking kingpin details its long-awaited entrance into restaking.
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Today Jito, the leading LST provider on Solana, announced its upcoming, open-source restaking infrastructure.
What’s the scoop?
- New Features: Jito’s new restaking platform includes the Vault Program, which manages the minting, burning, and delegation of Liquid Restaking Tokens (LRTs), and the Restaking Program, which manages Actively Validated Services (AVS), rewards distributions, and slashing penalties.
- Competitive Landscape: Multiple staking protocols are already live on Solana, such as Solayer and Picasso, though none have a brand name as strong as Jito.
Bankless Take:
Pending audits, Jito’s restaking release could cause a huge boon for Solana restaking, considering the dominance of Jito and JitoSOL on the network, and the increased modular development of the chain. Further, given that the Jito’s restaking infrastructure can support any token native to Solana, it will give the protocol a strong competitive edge over protocols like Solayer and Picasso.
1. Announcing Jito Restaking: A Next-Gen Infrastructure Platform
— Jito (@jito_sol) July 25, 2024
The Jito Foundation is excited to release the code for Jito Restaking, a hybrid staking, restaking, and LRT module. 🤝
Wtf is that? Lets dive in. ↓ pic.twitter.com/7nDaZdnZIn