Jito Restaking consists of two main components: the Vault program and the Restaking program.
The Vault program is responsible for mining, burning, and delegating #Jito Restaking Liquid Tokens (LRT) and supports any #Solana Program Library (SPL) #token as a base asset The SPL token standard is similar to the #BTC ERC-20 standard. The SPL token standard is similar to Ethereum's ERC-20 standard.
the Restyling Program creates and manages Jito's active validated services (AVS), distributes rewards, and reduces penalties.
AVS are on-chain applications that can borrow economic security from restyled tokens on protocols like Jito.
Jito is the leading liquid steamroller protocol on Solana with a total blockchain value (TVL) of $2 billion. The platform boasts MEVs-enhanced betting rewards, and validators receive high returns consisting of both betting rewards and MEVs. Jito Foundation claims that "MEV rewards could increase validators' revenues by more than 15% if the technology becomes widespread.
Jito Foundation provides code for auditing and also publishes open source code on github for independent developers to review.
Jito Restacking is not the first restacking protocol on Solana, but its user base is much larger than existing restacking solutions such as Solayer.
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