Jito is a protocol built on Solana that operates in a decentralized manner. One of the unique features of Jito is its JitoSOL liquid staking pool and a suite of Maximal Extractable Value (MEV) products. By exchanging SOL for JitoSOL, users can maintain SOL's liquidity and DeFi opportunities while earning yield from staking. JitoSOL provides extra rewards to its holders from transaction revenue associated with MEV extraction on Solana. MEV refers to profit opportunities that arise from the particular order of transaction execution on a blockchain.
The Jito Foundation is an integral part of the network and aims to minimize the negative effects of MEV, distribute profits equitably, and enhance transparency. To promote a competitive market for MEV extraction, the foundation has published an open-source validator client. This client enables auctions within each block, allowing traders to bid for the opportunity to capture the MEV of that block.
Jito Network is a decentralized platform that offers a liquid staking solution (JitoSOL) and Maximal Extractable Value (MEV) products on the Solana blockchain. Users can stake their SOL and receive JitoSOL in return, which allows them to earn staking rewards and participate in the Solana DeFi ecosystem. The network's MEV products enable the extraction of additional value from transaction ordering, providing an extra revenue stream for JitoSOL holders.
The Jito Foundation plays a critical role in organizing and coordinating decisions from the token holder community. Its mission is to enhance the staking economy through JitoSOL and improve the Solana network. The Foundation structure amplifies the power of the Jito Network, ensuring that decisions made by token holders are effectively implemented.
Jito has also developed an innovative StakeNet protocol, which is designed as a self-sustaining protocol for Solana LSTs. The Foundation intends to open-source this protocol for broader use. This protocol is part of Jito's commitment to enhancing the Solana network and staking economy.
JTO has a total supply of 1,000,000,000. The current circulating supply of JTO is 115,000,000.
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