{"id":"jito-staked-sol-jitosol","title":"Jito Staked SOL (JitoSOL)","content":"**JitoSOL** is a [Solana](https://iq.wiki/wiki/solana) [liquid staking](https://iq.wiki/wiki/liquid-staking) derivative from [Jito Network](https://iq.wiki/wiki/jito) that allows users to exchange their [SOL](https://iq.wiki/wiki/solana-sol) for JitoSOL while maintaining [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) and [DeFi](https://iq.wiki/wiki/defi) opportunities while earning [staking](https://iq.wiki/wiki/staking) yield. [\\[1\\]](#cite-id-zrbj7wkw09r)\n\n$$widget0 [YOUTUBE@VID](VmJSgKi89Rw)$$\n\n## Overview\n\nJitoSOL is a [liquid staking](https://iq.wiki/wiki/liquid-staking) derivative on the [Solana](https://iq.wiki/wiki/solana) blockchain that allows users to exchange their [SOL](https://iq.wiki/wiki/solana-sol) for JitoSOL, maintaining [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) and [DeFi](https://iq.wiki/wiki/defi) opportunities while earning [staking](https://iq.wiki/wiki/staking) yield. It also offers rewards from maximum extractable value (MEV) extraction on [Solana](https://iq.wiki/wiki/solana). Users can trade JitoSOL on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) like [Jupiter](https://iq.wiki/wiki/jupiter) or withdraw [SOL](https://iq.wiki/wiki/solana-sol) via [Jito’s](https://iq.wiki/wiki/jito) website after a 2-3 day cooldown. The token starts with a [1:1](https://iq.wiki/wiki/currency-peg) exchange rate with [SOL](https://iq.wiki/wiki/solana-sol), which appreciates as rewards are accrued. [\\[2\\]](#cite-id-21u7malbf45)[\\[3\\]](#cite-id-q50dbpp8cu)\n\nJitoSOL’s value increases over time due to a dynamic exchange rate driven by a dual reward system, including [staking](https://iq.wiki/wiki/staking) and MEV rewards. As JitoSOL accumulates rewards, its exchange rate with [SOL](https://iq.wiki/wiki/solana-sol) rises, ensuring a higher value upon redemption. This structure guarantees yield regardless of the token’s storage method. MEV rewards are obtained through [Jito’s](https://iq.wiki/wiki/jito) [validator](https://iq.wiki/wiki/validator) client, where traders bid for MEV opportunities and provide additional returns. Though initially modest, these rewards have the potential to significantly enhance returns over time, with JitoSOL’s design mitigating risks associated with MEV trading. [\\[2\\]](#cite-id-21u7malbf45)[\\[3\\]](#cite-id-q50dbpp8cu)\n\n## Integrations\n\n* Drift\n* Mango\n* MarginFi\n* Solend\n* Orca\n* Kamino Finance\n* [Raydium](https://iq.wiki/wiki/raydium)\n* Meteora\n* Invariant [\\[4\\]](#cite-id-a0v5qwo5t8c)\n\n## Interview with Brian Smith (Jito Foundation)\n\nDuring the [TOKEN2049](https://iq.wiki/wiki/token2049) event in Dubai, Brian Smith, Executive Director of the Jito Foundation, gave an interview to the portal BeInCrypto. The conversation focused on technical aspects related to [liquid staking](https://iq.wiki/wiki/liquid-staking), restaking mechanisms, and maximal extractable value (MEV) within the [Solana](https://iq.wiki/wiki/solana) ecosystem.\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=-0VPOpojMN0)$$\n\nAccording to Smith, JitoSOL — the [liquid staking](https://iq.wiki/wiki/liquid-staking) token developed by the foundation — holds approximately 17.5 million SOL in [total value locked](https://iq.wiki/wiki/tvl) (TVL), placing it among the most utilized tokens of its kind on the [Solana](https://iq.wiki/wiki/solana) network. Governance of JitoSOL is managed through a [decentralized autonomous organization](https://iq.wiki/wiki/dao) (DAO), which includes participation from industry entities such as [Coinbase](https://iq.wiki/wiki/coinbase) and [Pantera Capital](https://iq.wiki/wiki/pantera-capital).\n\nSmith also elaborated on the foundation's approach to restaking. This model allows previously staked assets to be reused in support of new [decentralized applications](https://iq.wiki/wiki/decentralized-application) or security layers, without requiring additional token issuance. The method is intended to increase capital efficiency by extending the utility of staked assets across multiple functions within the [DeFi](https://iq.wiki/wiki/defi) environment.\n\nThe interview also addressed Jito’s involvement in MEV-related infrastructure. Smith referenced the TipRouter, a mechanism designed to redistribute priority fees and tips among validators in a more decentralized manner. He also mentioned the decision by Jito Labs to discontinue its private mempool, aimed at reducing risks associated with practices such as transaction front-running.\n\nThe discussion outlined key structural and operational elements of the Jito Foundation’s role in Solana, emphasizing its focus on community governance, institutional integration, and technical development directed toward efficiency and network transparency. [\\[5\\]](#cite-id-aEu8ECp5vP)","summary":"Jito Staked SOL (JitoSOL) is a liquid staking derivative on Solana offering liquidity, DeFi opportunities, and yields from staking and MEV rewards.","images":[{"id":"QmVTTyw2xJLSeACPRPmBPbcBt2EHqcjyXxnZhWJByYsNaw","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Solana"}],"media":[{"id":"https://www.youtube.com/watch?v=VmJSgKi89Rw","size":"0","name":"VmJSgKi89Rw","type":null,"source":"YOUTUBE"},{"id":"QmY7f34YiEfMxpDtEqXP5BkJtfSRfnAQoWUXfjnYTFJ68W","name":"22533.png","caption":"","thumbnail":"QmY7f34YiEfMxpDtEqXP5BkJtfSRfnAQoWUXfjnYTFJ68W","source":"IPFS_IMG"},{"id":"QmWB8w7KAai3V6ArkAApg97wskpzRPCN7y8JTWGtH6veu3","name":"QmVTTyw2xJLSeACPRPmBPbcBt2EHqcjyXxnZhWJByYsNaw.webp","caption":"","thumbnail":"QmWB8w7KAai3V6ArkAApg97wskpzRPCN7y8JTWGtH6veu3","source":"IPFS_IMG"},{"id":"QmZtPuHyrnPQN8Pa8fv69JN48iWk1f4gWQmpaxjB1Y1TsN","name":"mnbhxwox_400x400.png","caption":"","thumbnail":"QmZtPuHyrnPQN8Pa8fv69JN48iWk1f4gWQmpaxjB1Y1TsN","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=-0VPOpojMN0","name":"-0VPOpojMN0","caption":"","thumbnail":"https://www.youtube.com/watch?v=-0VPOpojMN0","source":"YOUTUBE"}],"metadata":[{"id":"references","value":"[{\"id\":\"zrbj7wkw09r\",\"url\":\"https://www.jito.network/\",\"description\":\"Jito Network \",\"timestamp\":1722451957908},{\"id\":\"21u7malbf45\",\"url\":\"https://www.jito.network/blog/introducing-jitosol-solanas-1st-mev-powered-staking-derivative/\",\"description\":\"Introducing JitoSOL | Jito Blog\",\"timestamp\":1722452304689},{\"id\":\"q50dbpp8cu\",\"url\":\"https://www.jito.network/blog/reward-bearing-vs-rebasing-solana-liquid-staking-tokens/\",\"description\":\"Reward-Bearing vs Rebasing LSTs | Jito Blog\",\"timestamp\":1722452335157},{\"id\":\"a0v5qwo5t8c\",\"url\":\"https://www.jito.network/docs/jitosol/using-jitosol/\",\"description\":\"Using JitoSOL | Jito Docs\",\"timestamp\":1722452457604},{\"id\":\"aEu8ECp5vP\",\"description\":\"Jito’s Brian Smith Explains Why JitoSOL is Becoming DeFi’s Go‑To Asset on Solana\\n\",\"timestamp\":1748635514585,\"url\":\"https://beincrypto.com/jito-brian-smith-restaking-future/\"}]"},{"id":"website","value":"https://www.jito.network/"},{"id":"contract_url","value":"https://neonscan.org/token/0xFA8fB7e3bd299B2A9693B1BFDCf5DD13Ab57007E"},{"id":"twitter_profile","value":"https://twitter.com/jito_sol"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/jito-staked-sol/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/jito-staked-sol"},{"id":"discord_profile","value":"https://discord.gg/jitocommunity"},{"id":"medium_profile","value":"https://medium.com/@Jito-Foundation"},{"id":"youtube_profile","value":"https://www.youtube.com/@MidcurveMedia"},{"id":"github_profile","value":"https://github.com/jito-foundation"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmXQcuo4SqcieBMYk4G2ToAkW1SPnS3pzYocDfGDxw1QrU\""},{"id":"commit-message","value":"\"Update JitoSOL wiki: Add Brian Smith interview section, media, and founders.\""},{"id":"previous_cid","value":"QmXQcuo4SqcieBMYk4G2ToAkW1SPnS3pzYocDfGDxw1QrU"}],"events":[{"id":"bHMcxnaPCo","date":"2022-10","title":"JitoSOL","type":"CREATED","description":"Introducing JitoSOL","link":"https://www.jito.network/blog/introducing-jitosol-solanas-1st-mev-powered-staking-derivative/","multiDateStart":null,"multiDateEnd":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2"},"language":"en","version":1,"linkedWikis":{"blockchains":["solana"],"founders":["lucas-bruder","zano-sherwani"],"speakers":[]}}