Jito Staked SOL Coin Review : Is It Good Or Bad Coin Read Our Article

About Jito Staked SOL Coin

Jito Staked SOL Coin accrues both Staking and MEV rewards. The Jito Foundation’s goal is to decentralize stake and increase network efficiency, and the delegation process reflects this. You can read more about your delegation strategy in your gitbook. Jito software enables Solana to run more efficiently and earn MEV rewards. Jito Stake Pool helps decentralize Solana by spreading stake across the network.

Jito Staked SOL Coin Point Table

What integrations does JitoSOL have?

There is an Orca whirlpool deployed and are working on Solend integrations. You can read more about upcoming DeFi integrations in the Gitbook here https://jito-foundation.gitbook.io/. Liquid staking tokens derive utility from their DeFi composability. JitoSOL has several flagship partners at launch and expects to have a broad array of integrations within several months. See your guide to JitoSOL’s DeFi applications.

I clicked unstake, but I don’t see my funds in my wallet. Where did my funds go?

After a liquid unstake, Jito converts your JitoSOL into an active stake account. You can go into your phantom wallet and view your active stake accounts. You can then click “deactivate” to begin the process of unstaking your SOL. Staking to Jito Stake Pool encourages validators to redistribute MEV profits.

On Solana, stake pools are a collection of one or more validator nodes. In delegating to a stake pool, delegators can stake to many validators at once. Delegators who stake this way will receive a liquid stake pool token (e.g. JitoSOL) in exchange for staking with a pool. In this way, depositors instantly receive a liquid token which can be immediately used for DeFi.

Liquid Staking Basics

Staking is the process by which a SOL token holder (such as someone who purchased SOL tokens on an exchange) assigns some or all of their tokens to a particular validator or validators, which helps increase those validators’ voting weight. There are two ways to participate in staking: by directly staking to a validator, or by delegating to a stake pool. In both cases, delegators still control all staked tokens that they may have chosen to stake.

Why Choose Jito Staked SOL?

Stake pools help decentralize the network by delegating stake across many validator nodes. Each stake pool has its own unique validator criteria and delegation strategy, with some pools requiring that validators be geographically decentralized and meet minimum performance criteria in order to be added to the validator set.

Stakers should not have to compromise between high yields and supporting the network’s decentralization goals. JitoSOL achieves both these goals while supporting efficient MEV extraction. Nodes must meet performance and decentralization criteria in order to receive stake from JitoSOL. Reference your delegation page for further details.

Where Can You Buy Jito Staked SOL?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On Orca As It Has The Highest JITOSOL/USDC. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include JITOSOL/USDC And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

Jito Staked SOL Supported Wallet

Several Browser And Mobile App Based Wallets Support Jito Staked SOL. Here Is Example Of Wallet Which Jito Staked SOL – Trust Wallet For Hardware Ledger Nano.

FAQ Of Jito Staked SOL

Where I Can Find Jito Staked SOL Whitepaper?

You Can Find Jito Staked SOL Whitepaper By Clicking Here.

Where I Can Buy/Sell Balancer Token?

You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – Orca.

What is Circulating Supply Of Balancer Token?

Circulating Supply Of Balancer Token Is N/A.