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logoJito Staked SOLJITOSOL Price#51
$184.28
Created with Pixso.8.04%
DescriptionJito Staked SOL, symbolized as JITOSOL, represents a significant innovation within the Solana ecosystem, offering a liquid staking solution that addresses both capital efficiency and the capture of Maximum Extractable Value, or MEV. Jito is a decentralized liquid staking protocol built on the high-performance Solana blockchain, designed to enhance the staking experience for SOL holders. When users stake their SOL through Jito, they receive JITOSOL in return. This JITOSOL token is a liquid staking derivative, meaning it retains liquidity and can be freely traded, used in various decentralized finance or DeFi applications, or leveraged as collateral, all while the underlying SOL continues to earn staking rewards. The core innovation of Jito lies in its focus on MEV. MEV refers to the profit that can be extracted by block producers by reordering, censoring, or inserting transactions within a block. On high-throughput blockchains like Solana, MEV can be substantial, but it is often captured by validators, not directly by stakers. Jito introduces a novel approach by distributing MEV rewards back to the stakers. It achieves this through a mechanism where validators running Jito’s specialized client software can identify and capture MEV opportunities more efficiently. A portion of these MEV profits is then distributed to JITOSOL holders, supplementing their standard staking rewards. This dual benefit of earning both staking rewards and MEV rewards makes JITOSOL a compelling asset for participants looking to maximize their yield on Solana. Beyond yield optimization, JITOSOL plays a crucial role in enhancing the decentralization and resilience of the Solana network. By providing a liquid staking option, it encourages more users to stake their SOL, thereby increasing the total staked amount and strengthening network security. The liquidity provided by JITOSOL prevents stakers from having their capital locked up, allowing for greater flexibility and participation in the broader Solana DeFi landscape. This enhances capital efficiency for users and promotes a healthier staking ecosystem. Jito’s transparent and community-driven approach aims to align incentives between stakers and validators, fostering a more equitable distribution of network-generated value. As the Solana ecosystem continues its rapid expansion, JITOSOL stands out as a key primitive for liquid staking, contributing to both user utility and network robustness through its innovative approach to MEV capture and liquidity provision. It enables users to maintain financial agility while actively contributing to the security and decentralization of the Solana blockchain.
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Detailed Analytics

fireTokenomics
Total Supply10,001,248 JITOSOL
Max Supply0 JITOSOL
Circulating Supply10,001,248 JITOSOL
PremineNo records found
Addresses Richer ThanNo records found
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boltBlockchain Info
Mainnet / TestnetNo records found
Blocks CountNo records found
Blockchain SizeNo records found
Hardfork / SoftforkNo records found

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miningMining Info
Consensus MechanismNo records found
Masternodes SupportNo records found
Mining HardwareNo records found
Block TimeNo records found
Block RewardNo records found
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