Solana

Jito

Foundation

Rewards

Coin

<ul class="news-points"> 
 <li>Jito Foundation launches innovative restaking program on Solana.</li> 
 <li>JTO price surges 9% following the announcement, defying market trends.</li> 
 <li>Program aims to enhance Solana network security and token utility.</li> 
</ul> 
Jito Foundation’s <a href="https://www.jito.network/blog/announcing-jito-restaking/" target="_blank" rel="nofollow">innovative re-staking program</a> on the Solana blockchain is turning heads, with its meme coin, JTO, surging 9% following the announcement despite a wider market dip. 
The platform aims to enhance both network security and token utility through a dual-pronged approach, offering a compelling solution in the evolving landscape of DeFi. 
The Jito Restaking platform offers a suite of features designed to maximize the efficiency of staked assets. It consists of two distinct programs: the Vault Program and the Restaking Program, which together create a scalable infrastructure for asset management. 
The Vault Program facilitates the creation of Liquid Restaking Tokens (LRTs) and manages asset delegation strategies. By accommodating SPL as the underlying asset and implementing strategies that include cap and slashing conditions, the program aims to mitigate risks traditionally associated with staking. 
Conversely, the Restaking Program centers on m…
The post <a href="https://coinedition.com/jitos-restaking-platform-a-new-way-to-earn-rewards-on-solana/">Jito’s Restaking Platform: A New Way to Earn Rewards on Solana</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Jito’s Restaking Platform: A New Way to Earn Rewards on Solana

Coin Edition

Other articles published on Jul 26, 2024

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

Following the Ethereum Dip, Altcoins Are Ready to Take the Spotlight from Bitcoin – Here’s Why

Get Ready for BitMart's 2024 Epic Paris Campaign: Unleash Your Crypto Spirit This Summer!

Crypto News: Crypto Market Rebound Strongly After Market Dip

Swiss financial watchdog FINMA rolls out guidance for stablecoin issuers

Federal Reserve Board drops enforcement action against Silvergate

Join our free newsletter for daily crypto updates!