JitoSOL is a Solana liquid staking derivative from Jito Network that allows users to exchange their SOL for JitoSOL while maintaining liquidity and DeFi opportunities while earning staking yield. ^[1]

Overview

JitoSOL is a liquid staking derivative on the Solana blockchain that allows users to exchange their SOL for JitoSOL, maintaining liquidity and DeFi opportunities while earning staking yield. It also offers rewards from maximum extractable value (MEV) extraction on Solana. Users can trade JitoSOL on decentralized exchanges like Jupiter or withdraw SOL via Jito’s website after a 2-3 day cooldown. The token starts with a 1:1 exchange rate with SOL, which appreciates as rewards are accrued. ^[2][3]

JitoSOL’s value increases over time due to a dynamic exchange rate driven by a dual reward system, including staking and MEV rewards. As JitoSOL accumulates rewards, its exchange rate with 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 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][3]

Integrations

• Drift
• Mango
• MarginFi
• Solend
• Orca
• Kamino Finance
• Raydium
• Meteora
• Invariant ^[4]