Jito: Unlocking Liquid Staking on Solana

Introduction

Luganodes is excited to announce its partnership with Jito, a groundbreaking liquid staking service on the Solana blockchain. As a validator, Luganodes will play a pivotal role in ensuring the security and efficiency of this unique staking platform, which combines traditional staking rewards with MEV (Maximum Extractable Value) opportunities. Together, we aim to provide a seamless and rewarding staking experience for Solana token holders.

What is Jito?

Jito is a next-generation liquid staking service built on Solana. The platform allows Solana token holders to stake their SOL tokens in exchange for JitoSOL, a liquid staking token that not only offers standard staking rewards but also provides additional MEV rewards. Unlike traditional liquid staking protocols, Jito's dual-reward system is designed to maximize yield for stakers by capturing and distributing MEV rewards, giving users a unique advantage in the Solana staking ecosystem.

For those interested in a deep dive into Jito and its impact on Solana, check out our comprehensive Jito Blog.

Dual-Rewards with Jito and Jito (Re)Staking

One of the key aspects of Jito’s approach is its dual-reward system, where users earn both traditional staking rewards and Maximum Extractable Value (MEV) rewards. When users stake their SOL tokens, they receive JitoSOL, a liquid staking token that accumulates value from:

• Traditional Staking Rewards: Regular staking rewards earned from securing the Solana network.
• MEV Rewards: Additional earnings from MEV activities, where profits are made by efficiently ordering transactions within Solana’s blocks.

Jito sets itself apart with its next-generation Jito Re-Staking platform, which acts as both a staking and restaking solution. This platform enhances security, boosts token utility, and scales base layers for a wide range of existing networks. At its core, Jito Re-Staking is a multi-asset network, allowing the use of staked base assets like JitoSOL or any other token that follows the Solana Program Library (SPL) standard. This flexible approach enables projects to unlock additional liquidity and utility from their staked assets while contributing to the security of the network.

Luganodes X Jito

Luganodes is proud to be a validator for Jito, ensuring secure and reliable infrastructure for this advanced staking protocol. By serving as an operator within the network, Luganodes helps safeguard the Solana ecosystem while offering institutional-grade security and performance.

As a validator, Luganodes processes JitoSOL transactions, participates in validating blocks, and helps distribute MEV rewards to stakers. Our role is crucial to the proper functioning of this liquid staking protocol, allowing us to enhance the overall security and scalability of Solana.

Luganodes’ participation in the Jito network extends beyond just validation; it signifies our commitment to fostering a positive-sum future for Solana staking.

Conclusion

Our collaboration with Jito marks an exciting new chapter for Luganodes as we continue to provide best-in-class infrastructure for Solana’s most innovative protocols. With Jito’s unique liquid staking solution and MEV rewards, Solana token holders now have more opportunities than ever to maximize their returns while contributing to the security of the network.

Through our role as a validator, Luganodes is committed to maintaining the security and efficiency of Jito’s ecosystem, enabling users to stake SOL and earn rewards seamlessly. Together, Luganodes and Jito are pioneering a new era of liquid staking on Solana, and we’re excited to help shape the future of decentralized finance on one of the world’s fastest-growing blockchains.

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.