The Jito Network allows users to stake SOL and receive JitoSOL tokens in return, which means obtaining both staking and MEV rewards. The platform delegates users' SOL to MEV-enabled validators that redistribute MEV rewards to the stake pool. While the average APY from users' SOL is around 7-8%, this process can boost it up to 15% through Jito's MEV-powered stake pool, providing users with enhanced returns on their staked SOL.
Is Jito a secure platform?
Jito Network emphasizes non-custodial staking, allowing users to always maintain custody of their funds. The platform has undergone an audit for its stake pool, ensuring a level of security for users. Additionally, by staking with Jito, users contribute to the decentralization and health of the Solana network through efficient MEV extraction and spam reduction.
How to use Jito?
To use Jito Network, users connect their wallet to the platform's staking interface. They can then deposit SOL into the pool and receive JitoSOL in return, which automatically accrues staking and MEV rewards. Users can also unstake their JitoSOL to retrieve SOL, and the platform provides real-time information on APY and other relevant statistics.
What services does Jito offer?
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