TL;DR
- P2P.org is collaborating with Kamino Finance to integrate rstSOL into their ecosystem, initially launching an incentivized rstSOL-bbSOL liquidity vault with 3,000 JTO tokens in rewards over the next 3 months.
- The collaboration follows a three-phase approach: starting with the liquidity pool, expanding to lending markets with 3,600 additional JTO tokens, and culminating with Kamino Multiply support for enhanced yield opportunities.
- This collaboration creates a bridge between bbSOL liquid staking and Jito's restaking, allowing users to access MEV rewards through the TipRouter system while maintaining liquidity and capital efficiency.
We're excited to announce a collaboration with Kamino Finance to integrate rstSOL into their ecosystem, creating powerful new DeFi opportunities for Solana users. This collaboration represents a significant milestone in our mission to maximize value for stakers while contributing to the growth of the broader Solana ecosystem.
Incentivized Liquidity and Multi-Phase Integration
The collaboration kicks off with the launch of an incentivized liquidity vault for rstSOL-bbSOL on Kamino Finance. To boost participation, we're allocating 3,000 JTO tokens as rewards for liquidity providers during the first three months of the program.
This initiative enables bbSOL holders to access Jito's restaking infrastructure seamlessly, earning additional yield through the rstSOL token while maintaining liquidity position. Additionally, all trading fees generated in the Liquidity Vault are automatically compounded into user positions, further enhancing returns.
"This collaboration represents our commitment to creating additional value for Solana stakers while supporting the broader ecosystem. By allocating rewards to liquidity providers, we're establishing a virtuous cycle of participation and rewards."
Alex Loktev, CRO at P2P.org.
A Comprehensive Ecosystem Approach
Our vision extends beyond the initial liquidity vault launch. We've mapped out a three-phase integration strategy in collaboration with Kamino Finance and Re7 Labs:
Phase 1: Liquidity Pool Launch
The initial phase introduces the rstSOL-bbSOL liquidity vault with JTO incentives, creating an entry point for bbSOL holders to participate in the Jito restaking ecosystem. Users can now actively participate in Jito's (re)staking ecosystem and earn additional yield on their SOL, compared to just holding bbSOL.
Phase 2: Lending Markets
P2P.org will serve as Kamino V2's launch partner for dedicated rstSOL lending markets, with an additional 3,600 JTO tokens earmarked as incentives for lenders. This phase expands utility for rstSOL holders and creates more opportunities for capital efficiency.
Phase 3: Enhanced Yield Mechanisms
The final phase will introduce Kamino Multiply support for rstSOL, enabling users to amplify their yields through Kamino's innovative financial products.
Expert Ecosystem Curation
To ensure the integrity and sustainability of these integrations, we've engaged Re7 Labs as an ecosystem curator. Their expertise in on-chain vault design and risk management will enhance safety and composability across the rstSOL liquidity stack.
Understanding rstSOL
For those new to the concept, rstSOL represents restaked SOL that earns additional network rewards from Jito's TipRouter system. This mechanism supports a more decentralized, efficient, and fairer MEV (Maximal Extractable Value) distribution on the Solana network.
The token can only be minted through Bybit's bbSOL via the Jito application at https://www.jito.network/restaking/vaults/JAd4ZY5pyUz14GaL2qt7uwjhyNKSCNvny8r3w8TeFV2F/, creating an exclusive pathway that benefits both bbSOL holders and the wider Jito ecosystem.
Strengthening the Solana Ecosystem
This collaboration between P2P.org, Kamino Finance, Jito Labs, and Bybit brings institutional-grade infrastructure to DeFi while maintaining accessibility for all users. By creating a technical bridge between bbSOL liquid staking and Jito's restaking solution, we're expanding the composability of Solana DeFi and bringing sophisticated yield opportunities to mainstream Solana users.
Stay tuned for detailed guides on participating in each phase of this integration, starting with our comprehensive walkthrough for the rstSOL-bbSOL liquidity vault.
About the Partners
Kamino Finance is building the financial layer of Solana, offering a comprehensive suite of products including lending, swaps, liquidity vaults, and automated leverage. With over $4B AUM, Kamino is the largest non-staking DeFi protocol on Solana. Its mission is to bring best-in-class financial infrastructure to Solana users through UX-friendly and secure products.
Re7 Labs is the innovation arm of Re7 Capital, focused on on-chain risk curation, vault management, and DeFi ecosystem design. Launched just over a year ago, it currently curates over $500 million in DeFi vaults across leading protocols.
The information provided above is for informational purposes only and should not be construed as, or relied upon as, investment, financial, or any other type of professional advice. P2P.org or any associated parties do not offer any form of advisory services, and nothing shared here should be considered as a recommendation or endorsement for any financial decisions. P2P.org are not responsible for any decisions made based on the information provided. You are encouraged to consult with a qualified financial advisor or professional before making any investment or financial decisions.
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