### What is Jito?

Jito is a governance token for the Jito Network, which is designed to revolutionise liquid staking within the Solana ecosystem by integrating Maximum Extractable Value (MEV) rewards. It is geared towards empowering community members for decision-making within the network.

### How does Jito work?

Jito operates as a liquid staking protocol on the Solana blockchain, utilising MEV technology to offer additional rewards to users. Users deposit SOL into the Jito stake pool, receiving JitoSOL. The pool delegates SOL to MEV-enabled validators who auction blockspace and redistribute MEV rewards to the pool, providing extra Annual Percentage Yield (APY) alongside traditional staking rewards.

### What are the potential use cases for Jito?

Potential use cases for Jito include:

- Providing liquidity in DeFi protocols by acting as collateral or facilitating trading.
- Participating in lending and borrowing activities to earn interest and boost market liquidity.
- Engaging in MEV arbitrage, executing operations like atomic arbitrage, liquidations, and batching complex transactions.

Jito also sees applications in protocols like Renzo and partnerships with entities like Maple Finance for diverse DeFi solutions.

### What is the history of Jito?

Jito was co-founded by Lucas Bruder and Zano Sherwani, with its origins in 2021 as a response to MEV opportunities on Solana. Significant milestones include the launch of Jito Labs' staking service in 2022 and the development of StakeNet in 2023 to decentralise stake pools. By 2024, Jito achieved a Total Value Locked (TVL) of over 12M SOL, marking its substantial growth. The protocol has seen technological evolution and market integration, becoming a prominent player in Solana's liquid staking ecosystem.

Jito (JTO)

Similar Coins

RPL

TENET

Resources

Jito (JTO) Price Index

Jito Price

Trading volume

Market cap

Resources