According to CoinDesk, Solana has made significant progress in its restaking efforts with the Jito Foundation's release of a staking and restaking program code. This marks the network's first foray into restaking, a process that allows blockchain networks to use the value of other staked assets as collateral to ensure integrity.

The newly released, yet-to-be-audited code from Jito aims to enable any protocol on Solana to establish a mechanism for providing economic security to nearly any on-chain application or 'actively validated service' (AVS). Notably, Jito's code offers the flexibility for users to secure AVSs using a variety of crypto assets, unlike the Ethereum network's EigenLayer, which limits collateral to ETH, certain ETH derivatives, and the platform's native EIGEN tokens.

Lucas Bruder, a contributor at Jito Network, highlighted the flexibility and customization of this architecture, emphasizing its utility for AVSs. Several protocols and startups are also working on restaking services for Solana, but Jito's code release positions it at the forefront. However, the code has not yet been implemented on the mainnet, with plans for that step expected later this year.