Jito

Jito Network is a liquid staking and MEV protocol on the Solana blockchain. Users stake SOL to receive JitoSOL, which earns base staking rewards plus additional MEV-derived revenue. JTO is the governance token of the Jito DAO, used by holders to vote on parameters including stake pool fees, delegation strategies, treasury allocations, and protocol upgrades. The project was developed by Jito Labs, with JitoSOL preceding the JTO token launch in late 2023.

• Lucas BruderCo-founder and CEO of Jito Labs
  • https://www.linkedin.com/in/lucasbruder
  • https://x.com/buffalu__
• Zano SherwaniCo-founder and CTO of Jito Labs
  • https://www.linkedin.com/in/zano-sherwani-77a445111
  • https://x.com/segfaultdoctor
• Brian SmithCOO of Jito Labs
  • https://www.linkedin.com/in/brian-smith-00431288

JTO has a total supply of 1,000,000,000 tokens. Initial allocations are Community Growth 34.3% (342,857,143 tokens, including a 10% airdrop), Ecosystem Development 25% (250,000,000), Core Contributors 24.5% (245,000,000, vesting over 3 years with 1-year cliff), and Investors 16.2% (162,142,857, vesting over 3 years with 1-year cliff), with a portion transferred to Realms DAO governance control. The DAO treasury receives a 4% fee on JitoSOL rewards and 5.7% of Jito tips via TipRouter. JTO provides governance rights for decisions on fees, treasury allocations, delegation strategies, and protocol development, along with staking for yield.

1. 2021
   Jito Labs Founded
   Jito Labs was founded by Lucas Bruder and Zano Sherwani to develop MEV infrastructure and liquid staking solutions on Solana.
2. Q3 2022
   Series A Funding Raised
   Jito Labs secured approximately $10-12 million in Series A funding to support development of its Solana MEV and staking products.
3. Oct 31, 2022
   JitoSOL Liquid Staking Launched
   Jito introduced JitoSOL as Solana's first MEV-powered liquid staking token, allowing users to stake SOL while earning combined staking and MEV rewards via the Jito-Solana validator client.
4. Nov 27, 2023
   JTO Governance Token Announced
   The Jito Foundation announced the upcoming launch of the JTO governance token with a total supply of 1 billion, enabling community participation in protocol decisions such as fees and treasury management.
5. Nov 25, 2023
   JTO Airdrop Snapshot Taken
   A snapshot was taken for the retrospective JTO airdrop eligibility based on prior contributions to the Jito Network, including JitoSOL holders, validators, and searchers.
6. Dec 7, 2023
   JTO Token Launch and Airdrop
   JTO governance token launched with a 10% airdrop (100 million tokens) to community members, marking the transition to decentralized governance via the Jito DAO on Realms.

• JitoSOL
  Liquid staking token that allows users to stake SOL and earn combined staking and MEV rewards while maintaining liquidity for DeFi use.
• Jito (Re)staking
  Hybrid staking and restaking protocol enabling Solana assets to provide economic security to multiple networks simultaneously.
• TipRouter
  Network Coordination Network (NCN) built on Jito (Re)staking that decentralizes and automates MEV tip distribution across the ecosystem.
• StakeNet
  Autonomous stake pool manager that uses Validator History and Steward Program for data-driven, algorithmic validator selection and stake allocation.
• Jito Bundles
  MEV-optimized transaction bundling service providing atomic execution, revert protection, and priority auction for searchers and bots.
• Shredstream
  Low-latency shred delivery service for validators and RPCs to receive blockchain data faster and with redundancy.
• Jito-Solana
  Modified Solana validator client with MEV infrastructure including relayer, block engine, and bundle processing stages.
• Fast Transaction Sending
  Low-latency transaction submission infrastructure optimized for high-frequency traders, bots, and MEV users on Solana.

• officialWebsite
• officialJito Labs
• docsDocs
• githubGitHub
• githubGitHub (Labs)
• twitterTwitter
• discordDiscord
• officialBlog
• twitterTwitter (Foundation)