Unlocking Economic Security on Solana with Optimized Jito (Re)Staking

Kamil Jakub Natil -

P2P.org is excited to bring its restaking expertise to the Solana ecosystem and participate as a launch partner for Jito (Re)Staking.

Jito (Re)staking unlocks economic security and promotes capital efficiency for staked SOL, bringing additional use cases and new opportunities. 

We are thrilled to expand its restaking footprint and support this abstraction in the Solana ecosystem. We believe in restaking growth potential and are excited to collaborate with an exceptional team like Jito!

To learn more about Jito (Re)staking check out the FAQ below 👇 

How is P2P.org Participating?

As early innovators in the retaking space, P2P.org is excited to collaborate with Jito to unlock new features within the Solana ecosystem. We aim to give our loyal users the option to choose from Solana restaking solutions while providing economic security to participating NCNs.

What are Node Consensus Operators (NCNs)?

NCNs are decentralized networks that leverage staked assets to secure and validate various on-chain activities. NCNs are most similar to ‘AVS’ in EigenLayer (Ethereum restaking). Examples of NCNs integrating Jito Restaking on Solana include:

  • Squads: Integrating Jito Restaking with its Policy Network to enhance secure and flexible transaction policies for smart accounts.
  • Switchboard: Utilizing Jito's staking and slashing parameters to improve the security and performance of DeFi oracle services.
  • Sonic: Strengthening its HyperGrid infrastructure for enhanced validator security and cross-SVM interoperability.
  • Twilight: Reinforcing its bandwidth infrastructure’s decentralization and validator security.
  • TipRouter: Decentralizing MEV tip distribution with a model that allocates 3% of tips to the Jito DAO treasury.
  • Leaf Protocol: Leveraging Jito Restaking to secure scalable DeFi applications across multi-network ecosystems.

These partnerships showcase the potential of Jito Restaking to enhance decentralized network functionality, security, and transparency on Solana.

What are Vault Receipt Tokens (VRTs)?

VRTs are liquid representations of assets deposited into Jito restaking vaults that earn rewards over time.

VRTs are most similar to ‘LRT’ in Ethereum restaking.

What are Node Operators?

Entities that run and maintain the infrastructure necessary to support NCNs (like P2P.org!)

What is Jito (Re)staking?

A multi-asset staking protocol for Node Consensus Networks (NCNs) on Solana. The protocol tokenizes staked assets as Vault Receipt Tokens (VRTs) for enhanced liquidity and composability. VRTs are most similar to LRTs in Ethereum restaking.

Benefits of Participation?

  1. Supports staked SOL and SPL tokens
  2. Customizable staking parameters, slashing conditions, and economic incentives
  3. When VRTs tokenize staked assets (receipt tokens), they can be used throughout the Solana DeFi ecosystem to earn additional rewards.
  4. It enables users to participate in securing multiple networks simultaneously, therefore making it more capital-efficient while earning higher rewards.

When does Global Restaking Cap 1 begin?

🗓️ 10/30/2024

Wen Mainnet? 🧐

Tentatively scheduled for early December, 2024

Who are the VRTs that I can restake with?

  1. Kyros
  2. Fragmetric
  3. Renzo

You can find more information here:
🔗 https://www.jito.network/restaking/start/

Which tokens can I restake today to participate in the restaking cap?

The top restaked assets are:

SOL,
JitoSOL,
mSOL

💡 Note: the types of acceptable assets for restaking vary depending on the VRT platform

About Us:

P2P.org has been a reliable validator in the Solana ecosystem since day one. We maximize staking rewards through High Node Performance and Jito MEV support. Also, backing innovative projects like Wormhole, Pyth, and Neon, P2P.org strengthens the network’s infrastructure while delivering additional opportunities for stakers.

You can learn more about our involvement on our dedicated page.

We've prepared this comprehensive FAQ to answer all your questions about Jito Restaking. We encourage you to read it to gain deeper insights into how restaking works and benefits the Solana ecosystem.

But in case you still have some questions:

Contact Us

We are always open to communication. Do not hesitate to ask questions in our Telegram chat. For any questions or support, please contact our team at support@p2p.org.

We encourage you to check our website and start our staking journey together!