The post Come funziona il protocollo crypto di staking liquido Jito? appeared on BitcoinEthereumNews.com.

In this article we will delve into Jito, a liquid staking crypto platform developed on Solana that has been making a lot of noise in recent days. Users can stake their SOL on the protocol to obtain the liquid resource JitoSOL, with which they can optimize their profits by receiving MEV rewards. As of today, over 450 million dollars in crypto have been locked on the platform, which has earned the second place in the ranking of dapps with the highest TVL on Solana, behind only Marinade Finance. His success and fame are also due to the airdrop of the JTO token, which Jito has distributed to its users and SOL stakers. Over 270 million dollars in JTO have been airdropped to the community. Below is everything you need to know about this fascinating decentralized application. Jito: the platform that revolutionizes liquid staking on Solana Jito is a provider of liquid staking services that operates on the Solana blockchain and allows its users to obtain maximum returns on their crypto. The platform functions as an open-source transaction validator client for Solana and offers rewards for staking, as well as additional income through MEV. Practically speaking, those who want to lock their native SOL can rely on Jito’s stake pools, which include one or more validation nodes and allow borrowing the JitoSOL coin, a liquid resource that can be used in various ways in DeFi. At the same time, validators earn a profit from auctioning off blockspace to builders who pay to have a preferential lane in the construction of a block and the ordering of transactions (to delve deeper into the MEV issue, read this article). This profit, known as MEV rewards, is partially transferred to the same stakers who choose Jito as a supporting entity, incentivizing the flow of…

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Filed under: News - @ December 17, 2023 1:22 pm